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.
29,402 total articles
Innovent Biologics has entered a collaboration with Eli Lilly to co-develop new cancer and immune-disease therapies. Innovent will direct research through Phase 2 in China, while Eli Lilly will hold exclusive commercialization rights beyond Greater China. Innovent receives $350 million up front and may collect up to about $8.5 billion in milestone …
A group led by FedEx and private equity firm Advent has submitted a binding offer of €15.60 per share to acquire Polish parcel locker operator InPost for about €7.79 billion ($9.22 billion). The consortium's proposal values InPost at a 17.3% premium to the company's most recent Amsterdam close and has received the recommendation of InPost's board, …
Elon Musk said SpaceX is prioritizing the creation of a 'self‑growing city' on the Moon that the company believes could be built in under a decade, while still intending to pursue a Mars city in the coming five to seven years. The announcement accompanies disclosures about corporate strategy, recent acquisitions, revenue composition and plans for a…
Taiwan's main index closed marginally lower on Monday, with the Taiwan Weighted shedding 0.06% as pressure in the , Glass and Electricity sectors weighed on the market. A handful of mid- and small-cap names recorded double-digit percentage moves in both directions. Commodities and currency markets also saw modest moves, with crude and Brent oil fin…
Glencore’s attempts to merge with Rio Tinto have stalled again, prompting the Swiss miner and trader to pursue targeted disposals to sharpen its copper, cobalt and nickel exposure. Management plans include the near-term sale of a 70% stake in Kazzinc and talks to divest parts of its DRC copper and cobalt business, while a decision on coal assets re…
OpenAI has publicly denied social media claims that it abandoned plans to air a Super Bowl advertisement for an upcoming AI device. The denial followed a now-deleted Reddit post and an accompanying video purporting to show actor Alexander Skarsgard with a metallic, circular gadget called "dime." Company leaders called the thread and clip false, and…
Australian equities closed higher on Monday, with the S&P/ASX 200 finishing up 1.85% in Sydney. Gains were concentrated in the Gold, IT and A-REITs sectors, while a small group of stocks recorded notable declines. Market breadth was strongly positive and implied volatility fell sharply. Commodity and foreign-exchange rates moved unevenly, with gold…
WPP is preparing to regroup its three principal creative agencies beneath a single organizational banner called WPP Creative. The move, intended to simplify client offerings and integrate services across the business, will keep Ogilvy, VML and AKQA as separate market-facing brands while bringing them into one coordinated division. The plan follows …
Vicuña Corp., the BHP-Lundin Mining partnership operating in Argentina’s high Andes, says it could invest roughly $800 million this year across the Filo del Sol and Josemaría deposits, aiming to nearly double last year’s expenditure. The pair of projects make up the Vicuña District, a major undeveloped copper, gold and silver complex that the compa…
Shares of State Bank of India climbed to an intraday record after the bank posted a 24.5% year-on-year rise in standalone net profit for the December quarter of fiscal 2026. Robust net interest income and non-interest income supported the results, while management raised full-year credit growth guidance.
Innovent Biologics shares jumped in Hong Kong after the company announced a new development partnership with Eli Lilly focused on oncology and immunology. Innovent will receive a $350 million upfront payment and could collect up to $8.5 billion in additional payments tied to future milestones. The deal is the seventh collaboration between the two f…
KDDI Corp said it will record an estimated 246 billion yen ($1.6 billion) charge tied to an internal investigation that found fictitious sales at two advertising-related subsidiaries. The announcement triggered a steep drop in the company’s shares and led KDDI to delay its third-quarter financial disclosure until the probe concludes.
SpaceX CEO Elon Musk said the company has pivoted to prioritize building a 'self-growing' city on the Moon, a goal he said could be reached in under 10 years. Musk contrasted the lunar timetable with a longer 20+ year horizon for Mars, while also saying work on a Mars city will begin in five to seven years. His remarks come as SpaceX readies a plan…
Jimmy Lai, the 76-year-old founder of the defunct Apple Daily tabloid, was handed a total prison term of 20 years after being convicted on two counts of conspiracy to collude with foreign forces and one count of publishing seditious materials. The sentence ends one of Hong Kong's most prominent national security prosecutions, a process that began w…
Most Asian equity markets rallied sharply on Monday, building on a late-week rebound in U.S. technology shares. Japan led the move higher after Prime Minister Sanae Takaichi’s ruling coalition won a commanding lower-house majority, sending the Nikkei 225 to a record high above 57,000. Technology and chip-related stocks across the region outperforme…
Taiwan's vice premier pushed back on U.S. calls for a large transfer of semiconductor production to America, saying relocating 40% of the island's capacity is unattainable. Taipei signalled it will continue to grow its domestic ecosystem while increasing targeted investment and knowledge-sharing in the United States under existing agreements.
Jack Lang has resigned as president of the Arab World Institute after documents showed years of correspondence with financier Jeffrey Epstein and triggered a French financial probe into suspected aggravated tax fraud laundering involving him and his daughter Caroline. Lang denies wrongdoing and has been summoned by the Foreign Ministry as scrutiny …
Japanese equities rose to fresh record highs while government bond yields climbed and the yen fell to new lows against the Swiss franc after Prime Minister Sanae Takaichi's Liberal Democratic Party secured a commanding victory in a snap election. The LDP captured 316 of 465 lower house seats, giving it a supermajority and the ability to pass legisl…
Hims & Hers has stopped providing access to a $49 compounded version of Novo Nordisk’s Wegovy after the U.S. Food and Drug Administration said it would take action and restrict GLP-1 ingredients used in compounded drugs. The company paused the offering following conversations with industry stakeholders and regulator warnings that raised questions a…
Australian AI infrastructure developer Firmus has finalised a $10 billion debt funding arrangement led by Blackstone and Coatue Management to finance the next phase of Project Southgate, its program to build AI training and inference infrastructure including data centres. The project, undertaken with CDC Data Centres and Nvidia, is targeted to reac…
American Airlines CEO Robert Isom has told the Allied Pilots Association he will meet with union leadership as soon as possible after pilots raised concerns about the carrier's handling of a recent January storm and broader operational and strategic issues. The pilots, who represent more than 16,000 fliers, have asked management to present their co…
Samsung Electronics shares rose sharply following a local media report that the company will commence large-scale production of HBM4 memory chips later this month. The report, citing industry sources, said Samsung has passed Nvidia's quality checks and secured purchase orders, with shipments potentially starting as soon as next week after the Lunar…
Kroger is set to appoint Greg Foran, a former architect of Walmart's U.S. turnaround and ex-CEO of Air New Zealand, as its next chief executive, people familiar with the matter said. The move concludes an almost yearlong hunt for a permanent leader after Rodney McMullen left the company amid an undisclosed ethics violation. Foran will inherit a com…
U.S. President Donald Trump publicly congratulated Japan’s newly installed Prime Minister Sanae Takaichi after her coalition won a commanding victory in lower house elections over the weekend. Trump, who had endorsed her before the vote, used social media to express his support for her agenda, which includes proposed tax reductions and stepped-up m…
Japan’s benchmark stock indices opened at record levels after Prime Minister Sanae Takaichi’s Liberal Democratic Party won a commanding majority in lower house elections. The Nikkei 225 surged over 5% to a fresh high, while the TOPIX also set a record. Investors responded positively to promises of expanded fiscal stimulus, tax cuts and infrastructu…
