Daily coverage of equity markets, sectors, and major indices.
In-depth reporting on U.S. and global stock markets, including index performance, sector rotation, earnings reactions, volatility trends, and notable single-stock moves. Designed to help traders and investors understand what is driving price action across equities.
19,525 total articles
European luxury houses are intensifying efforts in the United States through new store openings and U.S.-based fashion presentations to attract a generation of wealthy consumers whose fortunes have been boosted by AI and tech gains. With travel disruptions from the Iran war and ongoing headwinds in China weighing on global demand, luxury groups see…
Asian markets produced a mixed performance on Tuesday as investors weighed conflicting developments in U.S.-Iran communications and cooled momentum in semiconductor and technology stocks. Japan's Nikkei 225 and South Korea's KOSPI retreated roughly 2% from record highs, while Hong Kong's Hang Seng climbed on gains in heavyweight tech names and Chin…
Australia's Fair Work Commission has approved a 4.75% rise in the nation's minimum wage, effective July 1, lifting weekly pay for the lowest-paid workers to A$1,004.90 (A$26.44 per hour), or about $719. The change affects roughly 3 million workers and follows Reserve Bank of Australia inflation projections that have been revised higher amid energy …
NASA Administrator Jared Isaacman said the launch pad damage caused by last week’s New Glenn engine test explosion will take "some serious time" to fix, and that a 2028 timeframe for recovery is "within the realm" of possibility. Engineers describe the pad as "practically destroyed," with repairs expected to pause operations for at least six months…
A Los Angeles federal jury on Monday convicted prominent short-seller Andrew Left of securities fraud, finding him guilty on 13 of 17 counts related to social-media communications prosecutors said were used to manipulate shares and profit from trades. Prosecutors allege Left earned about $20 million on those trades between 2018 and 2023. Left publi…
Asian stocks began Tuesday trading cautiously as conflicting signals from the Middle East tempered gains linked to renewed optimism around artificial intelligence. Major regional benchmarks swung between gains and losses, with MSCI’s Asia-Pacific ex-Japan index last 0.5% lower and Korean stocks falling about 2% after an initially firmer open. Marke…
Fitch Ratings has announced plans to withdraw its credit ratings on Fonterra Co-operative Group after the New Zealand dairy co-operative said it would cease engagement with the agency. Fitch intends to remove its international Long-Term Issuer Default Rating of 'A' and the 'A' rating on senior unsecured notes on or about July 1, citing commercial r…
U.S. stock index futures slipped Monday evening after reports that indirect U.S.-Iran negotiations had stopped and Iran signaled moves to block the Strait of Hormuz. The geopolitical uncertainty, coupled with signs of profit-taking in the technology sector after a series of record highs led by AI-exposed names, left traders cautious and pushed ener…
Tribeca Strategic Acquisition Corp. completed an initial public offering of 14 million units at $10.00 per unit, generating $140 million in gross proceeds and began trading on the Nasdaq Global Market on May 29, 2026. A concurrent private placement of 470,000 units added $4.7 million, and the combined proceeds resulted in $140.35 million held in tr…
The U.S. Securities and Exchange Commission has defended a settlement with Elon Musk over the timing of his Twitter share disclosures, telling a federal court the agreement stemmed from negotiations between counsel and was not the product of improper collusion. The filing also noted a recent policy change that would permit Musk to publicly deny the…
The Coca-Cola Company is preparing for a potential initial public offering in India in 2027 of Hindustan Coca-Cola Holdings Pvt. Ltd. (HCCH), the parent of its largest Indian bottling unit. The move would include the sale of part of Coca-Cola's stake in the unit, preparations for listings on the Bombay Stock Exchange and National Stock Exchange are…
Coca-Cola said it is evaluating an initial public offering in India for Hindustan Coca-Cola Beverages, the holding company for its largest bottler in the country. The company is preparing for a listing on the BSE and the National Stock Exchange in 2027 and is also exploring selling a portion of its shareholding. Jubilant Bhartia Group completed a 4…
In two days, Berkshire Hathaway under CEO Greg Abel committed $16.8 billion to acquire Taylor Morrison and to purchase $10 billion of Alphabet stock in a private placement. The transactions follow investor pressure to reduce Berkshire’s large cash holdings and mark a notable pivot toward greater capital deployment since Abel succeeded Warren Buffet…
Homeland Security Secretary Markwayne Mullin said international flight processing at Newark Liberty International Airport does not need to be suspended currently because state and local law enforcement have been cooperating around a migrant detention center that became the scene of protests and confrontations. The announcement follows New Jersey's …
Paul V. Morris, a private wealth adviser whose name appears in Department of Justice files concerning Jeffrey Epstein, has left his role at Merrill Lynch, a Bank of America unit, a company spokesperson confirmed. The spokesperson would not say when Morris departed and did not indicate whether the exit was linked to the references in the Epstein-rel…
Duke Energy has held discussions with large cloud and tech companies about a potential financing arrangement for new nuclear reactors, asking hyperscalers to assume a portion of construction risk as the utility evaluates adding nuclear capacity to meet rising demand driven by energy-intensive data centers. The company, headquartered in North Caroli…
DriveNets secured $410 million in a new funding round led by Bessemer Venture Partners and Atreides Management, bringing the company's total capital raised to $1 billion. New investors AMD and Red Dot Capital joined the round alongside returning backers Pitango and D1 Capital Partners. The company said proceeds will be directed toward meeting growi…
Fulcrum Therapeutics' stock plunged sharply in after-hours trading after the company said it would permanently stop development of pociredir, its only clinical-stage therapy for sickle cell disease, following adverse feedback from the FDA tied to class-wide malignancy concerns. Management has launched a strategic review and plans to cut expenses wh…
Mexico's main equity gauge ended Monday lower, driven by declines in the Industrials, Consumer Goods & Services and Consumer Staples sectors. The S&P/BMV IPC fell 0.66% as more stocks retreated than advanced. Commodity and currency markets saw notable moves, with crude oil rising sharply, gold futures retreating and the Mexican peso little changed …
Microchip Technology's stock jumped 14.5% in after-hours trading to $104.89 after the company issued a targeted release outlining substantial growth expectations for its Data Center Solutions Business Unit and announcing selective price increases across its product portfolio. Management confirmed strong year-over-year acceleration in the data cente…
Colombian stocks finished higher after trading closed on Monday, with the COLCAP benchmark rising 3.57% to a one-month high. Gains were concentrated in the Industrials, Services and Agriculture sectors, while individual names showed diverging results. Promigas led winners, and Grupo Bolivar and Grupo Energia Bogota reached 52-week lows.
Russian stocks finished higher on Monday, with the MOEX Russia Index up 0.19% at the close in Moscow. Strength in the Oil & Gas, Power and Manufacturing sectors supported the advance. AFK Sistema, Surgutneftegas preferred shares and Moskovskiy Kreditnyi Bank were among the session's top performers, while Unipro, PhosAgro and Aeroflot sat near the b…
Super Micro Computer shares climbed in after-hours trading after Hewlett Packard Enterprise reported a record quarter fueled by rising demand for AI and cloud servers. HPE beat earnings and revenue estimates, raised full-year EPS guidance, and pointed to large server bookings and growth in AI-related workloads. The results and guidance lifted HPE s…
Hewlett Packard Enterprise posted a blockbuster fiscal second quarter, smashing analyst forecasts with a large earnings beat and robust revenue growth. The company raised full-year EPS guidance by $1, set Q3 targets above Street expectations, and introduced a new AI-focused ProLiant server. Those factors, together with a sector already energized by…
A Suffolk County judge in Boston refused to dissolve an April injunction that compels GE Vernova to keep servicing the 806-megawatt Vineyard Wind offshore project and denied the turbine supplier’s request to move the dispute to arbitration. The ruling preserves Vineyard Wind’s ability to seek urgent court relief amid a payment dispute tied to a pri…
