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.
19,744 total articles
Syrah Resources said on Monday that Tesla has withdrawn its intent to terminate an offtake agreement after Syrah produced natural graphite active anode material samples that Tesla accepted as conforming. The 2021 agreement calls for Syrah to supply 8,000 metric tons from the Vidalia, Louisiana plant. Syrah shares jumped 38% following the announceme…
The U.S. Commerce Department announced a licensing requirement for exports of advanced AI processors to entities that are ultimately headquartered in China, a change aimed at closing a route that may have allowed Nvidia and AMD chips to reach Chinese companies through overseas subsidiaries. The step follows earlier policy decisions that left certai…
Nvidia CEO Jensen Huang will deliver the opening keynote at Computex in Taipei, addressing the company’s AI product roadmap and reaffirming Taiwan’s strategic importance. The speech follows Huang’s recent participation in a high-level U.S.-China visit and comes as Nvidia pledges major investment and builds a local headquarters to be operational in …
Dell on Sunday introduced a new, lower-cost XPS 13 laptop starting at $699, with a student price of $599 for those 16 and older during the back-to-school period. The company says the model is its lightest and thinnest yet, claims a larger display and roughly a half-pound weight advantage over Apple’s MacBook Neo, and plans staggered availability fo…
Moscow trading saw a mix of gains and losses among listed stocks, with more names rising than falling, but the MOEX Russia Index closed unchanged at a new six-month low. Precious metals climbed while crude futures slipped; the Russian Volatility Index held steady and the ruble strengthened modestly versus major currencies.
Citi highlighted two recent retrospective analyses suggesting GLP-1 receptor agonists - best known for treating diabetes and driving weight-loss drug growth - may be linked to reduced cancer risk and slower metastatic progression. One University of Pennsylvania study of nearly 95,000 women found lower breast cancer incidence among GLP-1 users after…
UBS says an AI-fuelled semiconductor upswing, large chip-industry bonuses and broader wealth gains are supporting stronger luxury spending in South Korea. The bank highlights several luxury houses with meaningful exposure to the market and flags uneven demand across categories even as valuations look more attractive versus the broader European mark…
The U.S. Department of Commerce issued guidance closing a possible pathway that may have enabled advanced AI chips from companies such as Nvidia and AMD to reach Chinese-controlled entities outside mainland China. The guidance enforces license requirements for entities headquartered in China regardless of their physical location, addressing a gap c…
The U.S. Department of Commerce has issued new guidance to apply license requirements to advanced AI chips sold to entities headquartered in China even when those entities operate outside China. The move targets potential shipments of Nvidia Rubin and Blackwell processors and AMD's MI350x to overseas subsidiaries of Chinese firms and comes after an…
Shares in Devon Energy rose following reports that Stone Ridge Asset Management submitted an approximately $8 billion opening proposal for the company's Marcellus natural gas assets. The offer remains unconfirmed and Devon has not commented. Analysts at RBC Capital Markets view the development as a positive sign for investors seeking a narrower por…
After two nights that included arrests during demonstrations outside a Newark immigration detention facility, authorities have broadened the area off-limits to protesters while allowing family visits to resume under police escort. The move follows a mayoral curfew, state police assuming control of the perimeter, and renewed calls from elected offic…
Cotality reported that Australian home prices were broadly flat in May as higher borrowing costs and recent tax reforms targeting property investors weakened buyer demand across most major cities. Sydney and Melbourne led declines, while Perth and Darwin posted the strongest gains. Rents continued to climb, with annual national rent growth hitting …
Bank of America reiterated a Buy rating on Meta Platforms and upheld an $835 price target, pointing to nascent signs of AI monetization and corporate uptake as potential catalysts for sentiment after months of investor concern over rising AI-related expenditures. The bank highlighted Meta’s paid AI subscription rollout and a new Enterprise Solution…
Saudi Arabia's equity market finished Sunday in positive territory, with the Tadawul All Share index rising 0.46% at the close. Gains were concentrated in Hotels & Tourism, Industrial Investment and Insurance sectors, while crude oil prices declined and gold futures advanced. Market breadth favored advancers over decliners by a wide margin.
A late-stage trial presented at the American Society of Clinical Oncology found that adding Johnson & Johnson’s Erleada (apalutamide) to standard testosterone-blocking hormone therapy before and after prostate removal surgery greatly increased the chance of minimal residual disease at surgery and reduced the risk of cancer spread or death. The stud…
Taiwan's presidential office criticized China after the New York Times reported that one of its reporters, Vivian Wang, was expelled from mainland China earlier this year. Beijing told the newspaper the action was tied to a December video interview with Taiwan's President Lai Ching-te. Taiwan rejected the justification and warned the move underscor…
Novartis reported early results from a 101-patient study indicating that an experimental actinium-based radioligand therapy produced measurable anti-tumour activity in prostate cancer patients, including those who had previously received Pluvicto. Response rates varied by prior treatment history and the company plans two late-stage trials while not…
The 10-year U.S. Treasury yield has climbed sharply from roughly 3.9% in late February to above 4.65% by mid-May. Despite that move, major equity benchmarks, led by technology, have continued to make gains as corporate earnings, a resilient labor market and interest in artificial intelligence sustain investor optimism. Wells Fargo cautions that a d…
Novartis reported early clinical results indicating its experimental actinium-225 radioligand produced measurable anti-tumour activity in prostate cancer. In a 101-patient study, more than half of patients previously treated with Pluvicto experienced at least a 50% decline in PSA. Responses were higher in patients without prior Pluvicto exposure. A…
A UBS report recommends investors retain diversified core portfolios across equities, fixed income, and alternatives while considering satellite allocations to manage volatility, express tactical views, or pursue longer-term growth outside core holdings. Satellite strategies can range from defensive assets such as government bonds and inflation-lin…
Mutlaq Al-Ghowairi Contracting Co. (MGC) has launched plans to raise as much as 3 billion riyals through an initial public offering in Riyadh. Shareholders are selling 240 million shares, equal to a 30% stake, at a price range of 11 to 12.5 riyals per share, valuing the company at roughly 10 billion riyals at the top of the range. The planned offer…
Officials confirmed on May 30 that recovery teams have located the bodies of all nine people who had been missing following the implosion of a chemical storage tank at a Nippon Dynawave Packaging facility, bringing the death toll to 11. The tank, which held roughly 900,000 gallons of a sodium hydroxide and sodium sulfide solution used in pulp produ…
New Jersey officials say individuals from outside the state intensified protests outside the Delaney Hall immigrant detention facility, prompting the governor to place state police in control of the perimeter. Authorities set up protected protest zones after confrontations between protesters and federal officers, while detainees at the 1,000-bed fa…
With anticipated large fundraisings by AI companies and sustained capital expenditure from major tech firms, investors are broadening their focus in Asia from leading semiconductor producers to a wider set of suppliers and energy infrastructure companies that stand to gain from prolonged AI-related spending.
Yum! Brands has granted private equity firm LongRange Capital an exclusivity period to negotiate the potential sale of Pizza Hut, according to people familiar with the matter. Discussions are progressing and could conclude in the coming weeks, though a transaction is not assured. The move follows Yum's strategic review of the pizza chain amid sever…
