Ex-SMBC Nikko Managers Face Verdicts in Market Manipulation Case
The Tokyo District Court is expected to deliver rulings later Tuesday concerning the firm's ex-head of equity Trevor Hill and his deputy Alexandre Avakiants, as well as three Japanese former executives. Prosecutors are seeking multi-year prison terms for their alleged role in trying to support stock prices ahead of so-called block trades. The five defendants have denied wrongdoing.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
10 minutes ago
- Bloomberg
Trump Sets Tariff on Philippines at 19%
President Donald Trump said the US reached an agreement with the Philippines setting a 19% tariff on the country's exports. Trump announced the deal on social media after meeting with Philippines President Ferdinand Marcos Jr, stating "The Philippines will pay a 19% Tariff" and that the countries will work together militarily. (Source: Bloomberg)
Yahoo
38 minutes ago
- Yahoo
TTM Technologies (TTMI) Rallies on Bullish Rating, Ahead of Q2 Earnings
We recently published . TTM Technologies, Inc. (NASDAQ:TTMI) is one of Monday's biggest gainers. TTM Technologies saw its share prices increase by 5.42 percent on Monday to close at $47.47 apiece as market sentiment continued to be fueled by an investment firm's bullish rating for the company, with investors now repositioning portfolios ahead of its earnings performance. According to TTM Technologies, Inc. (NASDAQ:TTMI), it will announce the results of its financial and operating performance for the second quarter of the year after market close on July 30, 2025. In a market note late last week, TTM Technologies, Inc. (NASDAQ:TTMI) earned a higher price target of $50 from investment firm B. Riley, or a 39-percent bump from its previous price target of $36. The latter also gave a 'buy' recommendation for the stock. A close-up view of an electronic component being installed on a PCB. According to B. Riley, it expects upsides for TTM Technologies, Inc. (NASDAQ:TTMI) amid robust defense budgets alongside continued generative artificial intelligence-driven strength in TTI's data center and networking verticals. While we acknowledge the potential of TTMI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
38 minutes ago
- Yahoo
Daily Stock Watch: Why investors are watching Trump Media, Alphabet, and Verizon
Trump Media shares rose premarket after gaining 3% on Monday. The company announced it had accumulated $2 billion in bitcoin and related assets. Verizon, Archer Aviation, Alphabet, and Opendoor also saw notable premarket moves. Trump Media, Verizon Communications, Archer Aviation, Alphabet, and Opendoor Technologies are on investors' minds. This is where they were trading premarket as of 7 a.m. ET Tuesday —and what's driving the moves. 1. Trump Media & Technology The move: The company that owns the social media platform Truth Social jumped almost 1.5% to $19.53 per share, after gaining 3% Monday. Why: The company announced that it had accumulated about $2 billion worth of bitcoin and related securities following the signing of President Donald Trump's crypto bill on Friday. 2. Verizon Communications The move: The stock was up about 0.4% to $42.68 a share, after rising 4% on Monday. Why: Before the bell Monday, the telecommunications giant reported second-quarter earnings that beat analysts' estimates and upgraded its profit forecast for the year. 3. Archer Aviation The move: The California-based company that develops electric vertical takeoff and landing aircraft was down nearly 3% to $11.49 a share after falling almost 11% on Monday. Why: Its stock fell after a judge ruled that a lawsuit against the company can proceed. The lawsuit alleges that Archer Aviation, billionaire Ken Moelis, and others behind the merger deal that made Archer public misled shareholders about the value of shares. 4. Alphabet The move: Alphabet rose 0.4% to $191.90 per share after rising nearly 3% on Monday. Why: The company that owns Google saw a jump when several analysts raised their price targets ahead of it reporting its latest earnings results after the bell on Wednesday. Morgan Stanley cited a possible revenue boost driven by its generative AI efforts. 5. Opendoor Technologies The move: The real-estate company has continued to rise, up 14% to $3.66 a share after gaining 42% on Monday. Why: The surge came after a social media post by investor and Carvana spotter Eric Jackson, who said he expected a strong turnaround for Opendoor. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
