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.
19,745 total articles
Fitch Ratings raised Uber Technologies, Inc.'s long-term issuer default rating to A- from BBB+, citing an expanded operating mix beyond ride sharing, improving profitability in its delivery business and conservative financial policies. The upgrade included senior and convertible notes and left the short-term rating at F1, with Fitch highlighting lo…
Fitch Ratings upgraded Viavi Solutions Inc. to BB from BB- and assigned a stable outlook after the company used net proceeds from an equity issuance to retire first-lien term loan debt. The move reduced projected fiscal 2026 EBITDA leverage from 5.1x to 2.6x and prompted an upgrade of senior unsecured notes to BB with a Recovery Rating of RR4. Fitc…
Rio Tinto has begun commissioning a $1.5 billion expansion at its Complexe Arvida aluminium smelter in Quebec. The project will bring 96 new pots online, boosting annual low-carbon primary aluminium output by about 160,000 metric tonnes to a total of 220,000 metric tonnes using AP60 technology. The expansion is linked to ELYSIS carbon-free electrol…
The U.S. Space Force has granted SpaceX a $4.16 billion contract under the Space-Based Airborne Moving Target Indicator (SB-AMTI) program. The award, made via an Other Transaction Authority agreement, aims to deploy a space-based sensor layer to track airborne threats globally and complement existing airborne platforms. The program uses a hybrid ac…
Scotiabank has signed a definitive agreement to acquire Maple Financial Holdings, Inc., the parent of MapleMark Bank, a U.S. commercial bank centered in Dallas, Texas. The purchase will enable Scotiabank to offer FDIC-insured deposits to clients, aiding its Mortgage Capital Markets business and deposit-growth objectives. The deal is subject to stan…
Universal Music Group's board unanimously declined an unsolicited cash-and-stock proposal from Pershing Square Capital Management, concluding the offer materially undervalued the company and did not serve shareholder and stakeholder interests. UMG pointed to recent strategic initiatives and strong operating metrics as justification for maintaining …
A London arbitration tribunal has directed ZCCM Investments Holdings Plc to make a payment of approximately $92 million to Trafigura, resolving a dispute tied to a prepayment agreement involving Konkola Copper Mines. The final award, issued on May 22, includes principal, accrued interest through March 31, and contributions toward legal and arbitrat…
iHeartMedia shares plunged sharply after reports that early-stage merger discussions with SiriusXM were put on hold because the companies could not reach agreement. The move hit both the stock and iHeartMedia's high-yield bonds, while each company shifts focus back to growing its podcast business independently.
Palantir Technologies stock jumped 8.7% in afternoon trading to $155.78 as a surge in AI software sector enthusiasm coincided with renewed investor confidence in the company’s business trajectory. Validation of Palantir’s collaboration with Dell following Dell’s robust AI server revenue, plus a string of government contracts and strong Q1 2026 resu…
Microsoft shares climbed 3.7% to $442.81 in afternoon trading as a trio of company-specific developments — bullish analyst notes on Azure capacity, links to a sizeable Department of Defense procurement vehicle that can route customers to Microsoft offerings, and reports of an imminent coding-focused AI model to be shown at Build — prompted a strong…
Wall Street closed the week at record levels after reports that the U.S. and Iran reached a deal to extend a ceasefire and lift restrictions on vessel movement through the Strait of Hormuz. A string of robust corporate earnings and strategic AI-related partnerships powered sharp rallies in several technology and infrastructure names, led by Dell, S…
Stocks experienced pronounced movement on Friday, with large-cap technology names such as Dell and IBM among the leaders to the upside. Gains were broad across market-cap categories, led by upgrades and earnings beats, while a separate group of companies fell after revenue shortfalls, guidance misses or equity offerings. The day’s action produced s…
Market participants will face a compact set of potentially market-moving events on Monday, June 1, 2026, led by remarks from Federal Reserve Chair Jerome Powell. Fresh readings on manufacturing activity - the Manufacturing PMI and the ISM Manufacturing PMI - are due the same morning and will provide updated views on industrial conditions. Additiona…
Quarterly reporting continues Friday, with Hewlett Packard Enterprise and Credo Technology scheduled to announce results after the market close and a defense contractor slated to report before the open. Estimated earnings per share and revenue figures are available for each company ahead of their releases.
Universal Music Group’s board has turned down an unsolicited cash-and-stock takeover proposal from Bill Ackman’s Pershing Square, concluding the bid undervalues the company and would not create superior value for stakeholders. Pershing Square had earlier valued UMG at about €30.40 per share in a transaction worth roughly €55.75 billion. UMG is expe…
Analysts are weighing how a potential U.S.-Iran agreement to reopen the Strait of Hormuz would affect oil prices, inflation and equity markets. Views converge on a significant but non-uniform impact: oil may not instantly revert to pre-conflict levels, inflation in some advanced economies could still rise to 3%–4%, and equities - particularly in Eu…
Cellebrite DI stock rallied more than 8% in mid-day trade after DA Davidson started coverage with a Buy rating and a $20 price target. The broker highlighted an understated and expanding total addressable market and potential for continued wallet share gains and accelerated ARR growth. That analyst catalyst arrived on the heels of first-quarter out…
Macquarie upgraded Li Auto to Neutral from Underperform in a May 29 research note, saying the Chinese EV maker’s first-quarter 2026 results likely represent the weakest quarter of the year. The brokerage pointed to narrowing downside risks from large cash reserves, a US$1 billion buyback, and upcoming model launches, even as margins, revenue and de…
Internal documentation and employee reports indicate Meta Platforms’ Model Capability Initiative (MCI) gathers detailed records of how staff interact with software - including mouse movements, clicks, dropdown navigation and, in some cases, the contents of messages exchanged with U.S.-based personnel. Although Meta says MCI is installed only on U.S…
Nomura Research Institute (TYO:4307) stock advanced 3.9% to ¥5,022 in today’s session, buoyed by a broad surge in Japanese technology and IT services stocks as AI-linked sentiment strengthened and the Tokyo market pushed toward fresh highs. Support from easing energy concerns, better-than-expected domestic data and reaffirmation of a Buy rating by …
A jury in Massachusetts ruled that Abiomed’s Impella intravascular heart pumps do not infringe a patent held by Maquet Cardiovascular and also found the patent invalid. The decision follows a 2017 lawsuit and comes after Johnson & Johnson’s 2022 acquisition of Abiomed. The verdict was described by a J&J spokesperson as vindication of Abiomed’s inno…
JEOL shares climbed nearly 2% to trade at ¥7,114, briefly touching a 52-week peak of ¥7,288 as a broad risk-on move swept Asian equities. The rally followed reports of a temporary US-Iran ceasefire extension and was reinforced by investor confidence after JEOL posted quarterly earnings well above estimates. Jefferies raised its price target and rev…
China's healthcare sector fell 1.3% this week amid stepped-up scrutiny of licensing arrangements from regulators in both the U.S. and China. The group trails the Hang Seng Index year-to-date, while certain subsectors and deal activity — including a major Innovent-Pfizer collaboration and supply contracts for WuXi Bio — drove selective gains.
Coinbase and Kalshi announced the introduction of perpetual crypto futures on domestic, regulated exchanges, following Commodity Futures Trading Commission approval. The contracts - which have no set expiry and often permit leverage up to 50-to-1 - will now operate under CFTC oversight, with the regulator also issuing guidance limiting fast-tracked…
U.K. equities finished lower on Friday, with the Investing.com United Kingdom 100 down 0.22% at the close in London. Losses in the Automobiles & Parts, Electrical and Tobacco sectors were among the drivers. Auto Trader, Airtel Africa and ConvaTec were among the session's top gainers, while SSE, Diageo and Imperial Brands registered the steepest dec…
