Tencent Music Entertainment Group (TME) News & EventsTMENews & EventsTencent Music Entertainment Group

Major Averages Close Broadly Lower as Investors Await CPI Report

The major averages closed broadly lower as reported progress in talks between Iran and Oman over maritime activity helped pull oil prices lower after Brent briefly approached $90 a barrel amid the latest U.S.-Iran tensions.Next up, investors await tomorrow's July CPI report, which will be particularly important following last week's unexpectedly weak July jobs report, with economists surveyed by Reuters expecting headline inflation to rise 3.4% year over year and core CPI to increase 2.5%.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiaannounced strategic partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKRtofor the buildout of AI infrastructureIntelincreased theto $20B in common stock from $15BRocket Lab USAreportedand launched a German subsidiaryCardinal Healthreportedand provided upbeat FY27 guidanceAlphabetCEO Sundar Pichai said over $1B people are2. WALL STREET CALLS:Boeingto Buy from Hold at ArgusTruistBest Buyon positive card reads into Q2 reportCitiAllstateto Sell on valuation, growth concernsUnder Armourto Underweight at BarclaysGapto Equal Weight at Barclays3. AROUND THE WEB:Jennifer Bailey, the longtime head of Pay and Wallet services, is retiring from Appleafter more than two decades at the company, Bloomberg reportsA judge is leaning towards sending Edison'sliability issue to a jury trial, Bloomberg saysACV Auctionsis exploring strategic alternatives, including a potential sale or strategic partnership, after receiving takeover interest and engaging financial advisers to conduct a review, Bloomberg reportsFlowers Foodswants to divest its baked goods business Tastykake and is working with investment bank RBCon the process, Reuters reportsAnthropic is meeting with potential investors hoping to build confidence in its planned IPO, offering assurances about its growth and strategies it plans to implement to address growing backlash against AI, WSJ says4. MOVERS:Quantum Corp.gains afterand providing guidance for Q2Fermiincreases after announcing aKopinand Sea Limitedhigher in New York afterOn Holdingsfalls afterand providing guidance for FY26OppFiand Upworklower after5. EARNINGS/GUIDANCE:Middleby, with EPS and revenue beating consensusTencent MusicAramarkand raised its outlook for FY26Smithfield Foodsand raised its outlook for FY26Janusand cut its guidance for FY26INDEXES:The Dow fell 184.13, or 0.34%, to 53,791.85, the Nasdaq lost 159.91, or 0.60%, to 26,445.45, and the S&P 500 declined 24.91, or 0.32%, to 7,728.20.

Major Averages Dip Slightly as Investors Await CPI Report

The major averages were a little lower near noon as traders digest another slate of corporate earnings and continue to weigh progress towards potentially reopening the Strait of Hormuz. Progress in talks between Iran and Oman over maritime activity has helped pull oil prices lower after Brent briefly approached $90 a barrel amid the latest U.S.-Iran tensions.Meanwhile, investors await the July CPI report, with economists surveyed by Reuters expecting headline inflation to rise 3.4% year over year and core CPI to increase 2.5%. The report will be particularly important following last week's unexpectedly weak July jobs report, which showed payrolls falling by 23,000 and prompted markets to sharply reduce expectations for a September Fed rate hike. A hotter-than-expected CPI reading could push those expectations back in the opposite direction.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiaannounced strategic partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKRtofor the buildout of AI infrastructureIntelincreased the size of itsin common stock from $15BHims & Hersreportedbut provided an upbeat outlook for Q3 and FY26 revenueRocket Lab USAreportedand launched a German subsidiaryCardinal Healthreportedand provided upbeat FY27 guidance2. WALL STREET CALLS:Boeingto Buy from Hold at ArgusTruistBest Buyon positive card reads into Q2 reportCitiAllstateto Sell on valuation, growth concernsUnder Armourto Underweight at BarclaysGapto Equal Weight at Barclays3. AROUND THE WEB:Brazilian police have named two Goldman Sachsemployees as suspects in an alleged fraud tied to Oncoclinicas, alleging the bank concealed ownership details and transferred shares to Centaurus in a way that harmed minority shareholders, FT saysACV Auctionsis exploring strategic alternatives, including a potential sale or strategic partnership, after receiving takeover interest and engaging financial advisers to conduct a review, Bloomberg reportsAppleis still planning to launch iPhone Pro models next year that will make use of a new glassy look for the device's 20th anniversary, Bloomberg saysFlowers Foodswants to divest its baked goods business Tastykake and is working with investment bank RBCon the process, Reuters reportsAnthropic is meeting with potential investors hoping to build confidence in its planned IPO, offering assurances about its growth and strategies it plans to implement to address growing backlash against AI, WSJ says4. MOVERS:Quantum Corp.gains afterand providing guidance for Q2Fermiincreases after announcing a bindingKopin (KOPN) and Sea Limitedhigher in New York afterOn Holdings (ONON) falls afterand providing guidance for FY26OppFiand Upworklower after5. EARNINGS/GUIDANCE:Middleby, with EPS and revenue beating consensusTencent MusicAramarkand raised its outlook for FY26Smithfield Foodsand raised its outlook for FY26Janusand cut its guidance for FY26INDEXES:Near midday, the Dow was down 34.92, or 0.06%, to 53,941.06, the Nasdaq was down 96.21, or 0.36%, to 26,509.15, and the S&P 500 was down 10.44, or 0.13%, to 7,742.67.

Tencent Music Reports Q2 Revenue of RMB 8.93B

Reports Q2 revenue RMB 8.93B vs. RMB 8.79B. Cussion Pang, Executive Chairman of TME, commented, "Our second-quarter results reflect the continued strength of our content-and-platform strategy. Concerts, merchandise, and other IP-driven experiences drove another quarter of solid growth in our marketing and consumption services, underscoring our ability to unlock greater value from premium music IP. Our expansion into digital audio through the integration of Ximalaya broadened our reach and enriched our ecosystem. As the industry evolves, we continue to champion copyright protection, foster a healthy ecosystem, and safeguard the value of creative work."