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.
29,438 total articles
Alibaba Group's Hong Kong-listed shares jumped after the company introduced Qwen 3.8-MAX, a Max-class update built on the Qwen 3.5 architecture that the company says improves reasoning, coding, agent and multimodal capabilities while lowering inference costs. The model, with 2.4 trillion parameters and 95 billion active parameters, will have its we…
Private equity firm Pacific Equity Partners has submitted an indicative takeover proposal valuing FleetPartners at approximately A$760.3 million (US$534.5 million). The proposed A$3.60-per-share price represents about a 27% premium to the company’s last close of A$2.83, prompting a sharp intraday rally that sent the stock to a 20-month high. FleetP…
South Korea's KOSPI dropped more than 4% on Monday as renewed selling pressure on memory-chip leaders erased gains from a brief earnings-driven rebound. The broad index entered the session having suffered its worst month since 2008, with July losses driven by concerns over AI valuations, cooling hyperscaler spending and heavy retail positioning.
Steadfast Group's stock climbed after a consortium led by Amwins, Dragoneer and KKR reaffirmed a A$6.00-per-share cash proposal valuing the insurer at A$7.7 billion. The bidders say most due diligence is complete and the exclusivity period has been extended to Aug. 19 to finalise documentation and remaining checks.
Capital One has filed court papers asserting that its 2021 decision to shut more than 300 bank accounts tied to the Trump Organization resulted from an internal anti-money laundering review, not political or religious bias. The filing came as the Trump Organization and Eric Trump pressed a lawsuit alleging discriminatory debanking, and follows earl…
U.S. equity futures climbed on Sunday evening after President Donald Trump said negotiations with Iran were set to begin on Monday, and as technology shares showed signs of stabilizing following steep declines in July. Futures gains followed a positive Friday session, while attention turns to a busy week of second-quarter earnings and a key employm…
Chery Automobile will invest $75 million in South Korea's KG Mobility through convertible bonds that, if converted, would provide Chery with about a 10% ownership stake. Both firms outlined plans for production, distribution and brand collaboration, a joint task force on supply-chain and technology areas, and a January launch of a midsize SUV built…
Toyota is expected to report a fifth consecutive quarterly drop in operating profit for April-June, with the median analyst estimate at 1.11 trillion yen - a 5% decline year-on-year. Sluggish sales in China and the Middle East, rising material costs linked to the regional conflict, and production halts after a Kyushu earthquake are weighing on resu…
Aug 2 - AstraZeneca has been in discussions with U.S. rival Bristol Myers Squibb about a possible combination that would form one of the world’s largest pharmaceutical firms, with an aggregate valuation close to $400 billion. Talks have taken place in recent months, but the companies and the timing remain uncertain. Both firms derive large portions…
The MOEX Russia Index ended the Moscow session up 0.75%, driven by strength in the Mining, Power and Oil & Gas sectors. GMK Noril’skiy Nikel’ PAO, Moskovskiy Kreditnyi Bank PAO and Magnitogorskiy Metallurgicheskiy Kombinat PAO were among the top gainers, while OZON and a pair of retailers and miners finished lower. Key commodity and currency indica…
Senior executives at AstraZeneca PLC and Bristol-Myers Squibb Company have engaged in talks in recent months about a potential merger that would combine the two companies into a single entity valued at nearly $400 billion. The discussions, reported by people familiar with the matter, remain informal with no confirmed structure and no public stateme…
In a preview ahead of SpaceX’s (SPCX) first quarterly report on August 4, Bernstein emphasized that management’s confidence in the company’s growth roadmap will matter more than the immediate numbers. The firm, which started coverage with an Outperform rating and a $239 price target, identified four specific technical and regulatory topics it sees …
A research note from Capital Markets suggests the U.K. equity market may be comparatively insulated if a speculative AI-driven equity bubble collapses. The FTSE 100's sector composition, expectations for economic resilience in the U.S., and a potential weakening of the U.S. dollar are cited as reasons the U.K. could avoid the scale of losses seen i…
JPMorgan has taken a constructive stance on European equities, citing a rebound in earnings after three weak years, cheaper valuations relative to U.S. peers, and stronger shareholder returns. The bank also points to an improving macro backdrop, rising M&A activity, and the prospect of increased shareholder activism as drivers that could support fu…
Saudi Arabia's stock market ended the session higher, with the Tadawul All Share up 1.10% as advances in the Insurance, Media & Publishing and Building & Construction sectors supported the rally. Several individual stocks recorded double-digit percentage moves in both directions. Oil prices climbed while gold futures fell and the US Dollar Index ti…
A growing share of Americans taking GLP-1 weight-loss medications are returning to physical stores to find correct sizes and styles after significant body changes. Retailers, from department stores to specialty chains, are evaluating inventory, fitting-room technology and staffing to accommodate shoppers undergoing rapid or ongoing weight shifts, w…
This week saw a mix of analyst downgrades and upgrades across banking, consumer staples, communications equipment, education-services and semiconductor suppliers. The calls reflect recalibrated earnings expectations, management resets, and capital return programs that alter valuation arguments despite uneven operational backdrops.
On Aug 2, flight attendants represented by the Canadian Union of Public Employees began a strike at WestJet after negotiations failed to yield a new agreement. The action, affecting the carrier majority-owned by Onex Corp, led the airline to cancel 309 flights through Sunday night and underscores ongoing disputes over how cabin crew are compensated…
Ukrainian drone strikes overnight on Aug 2 struck targets along Russia's Volga river, including a warehouse used by Wildberries, and a residential building in Engels, killing at least two people. Russia's Defence Ministry reported it downed 635 Ukrainian drones during the night. Regional officials said damage occurred to civil infrastructure in Sar…
The U.S. equity market has repeatedly withstood the unwindings of highly speculative investment themes without suffering a broad market downturn. However, the scale and rising leverage behind planned spending on artificial intelligence infrastructure introduce a potential channel for losses to move beyond equity holders and affect lenders and the w…
South Korean retail investors sold a record volume of Kospi-listed shares on Friday after a severe market reversal in July eroded confidence and drew criticism of President Lee Jae Myung's government. The Kospi staged an 18% rebound on Friday but still posted a 22% loss for the month, the largest monthly decline since the global financial crisis. V…
Capital One is asking a federal court to dismiss a lawsuit brought by the Trump Organization and Eric Trump that accuses the bank of politically motivated account closures. In a recent filing, Capital One says its decision to terminate more than 300 Trump-affiliated accounts followed months of analysis and a formal anti-money-laundering (AML) revie…
Citi strategists warn that a larger correction in Japanese equities, particularly a drop in the TOPIX of around 10% toward 3,600, could trigger a pronounced fall in USD/JPY as overseas investors unwind hedges and equity-linked positions. However, with TOPIX still near 4,000 and the equity outlook broadly bullish, a decisive move toward yen apprecia…
Nike is reorganizing its China digital distribution by removing partner-operated online storefronts and withdrawing from heavily discounted wholesale channels. Bernstein analysts estimate this shift will lift Nike's China operating margin by 200 basis points to 24% in fiscal 2027 while inflicting roughly $1 billion in lost wholesale revenue and dri…
The Justice Department has issued a subpoena seeking the records and testimony of a New York Times freelance journalist tied to a 2025 article about a failed U.S. military operation in North Korea, the newspaper reports. The subpoena, served in February by Virginia prosecutors, requests more than two years of the reporter's notes and his testimony.…
