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.
19,781 total articles
Disciplined Growth Acquisition Corporation completed an initial public offering of 15 million units at $10.00 each, generating $150 million in gross proceeds. The SPAC began trading its units on the New York Stock Exchange on May 27, 2026, and has taken steps including a trust deposit and an underwriter over-allotment option as it prepares to seek …
Lockheed Martin won two Department of Defense contracts totaling $380.8 million to deliver AEGIS training support for several allied navies and to provide international contractor logistics services for rocket artillery programs. Work will be performed at multiple international and U.S. sites, with completion dates stretching into 2031. One award h…
Nikon's new president, Yasuhiro Ohmura, signaled an effort to regain ground in semiconductor photolithography by offering equipment at lower prices than market leader ASML, which controls more than 80% of the market. Nikon plans to reduce dependence on large customers such as Intel while continuing development of systems for non-ultra-fine geometri…
Viridis Mining and Minerals has opened a rare earths research and processing centre in Pocos de Caldas, Brazil, and is in advanced talks with offtake buyers in Europe and the United States for its Colossus mine. The company says it will not pursue Chinese buyers despite global interest, and expects the project to reach steady-state production by th…
Hub Group announced the departures of its chief financial officer, Kevin Beth, and chief operating officer, Brian Meents, following an audit committee review. The company named Todd Heeter as interim chief financial officer and treasurer and said both outgoing executives will remain available as consultants during a transition. Hub Group is in the …
Apollo Global Management and Blackstone are structuring a $36 billion debt financing to acquire Google-designed tensor processing units for Anthropic and lease them to the AI firm across multiple U.S. data centers. The deal uses a special-purpose vehicle and includes Broadcom support for roughly $31 billion of senior tranches to cover potential sho…
The U.S. Department of the Treasury has released the 'Trump Accounts' mobile application nationwide, enabling parents and guardians who registered to receive activation emails and download the app. The Treasury says investing through these accounts will commence when the program officially launches on July 4. Under the One Big Beautiful Bill Act of…
Japan's yield curve steepened with longer-dated government bond yields rising and near-term yields retreating, while the yen weakened to levels that raise the prospect of currency intervention. The moves came as tensions in the Middle East pushed oil prices higher, reviving concerns about Japan's exposure to imported energy costs.
Groq is pursuing up to $650 million in fresh capital from its existing investor base while completing cash distributions tied to a $17 billion licensing agreement with Nvidia. Investors have received earlier payouts and are being invited to take part in a new entity, with backers Disruptive and Infinitum committed to cover any shortfall in the rais…
The U.S. Federal Trade Commission has launched a broad inquiry into the sharp rise in fertilizer prices that has squeezed farm margins, issuing civil investigative demands as part of the probe. The spike in fertilizer costs follows disruptions to shipping through the Strait of Hormuz, with industry groups and farm associations warning many growers …
U.S. equity benchmarks finished higher on Thursday, with the Dow Jones Industrial Average reaching a fresh all-time high. Strength in the Healthcare, Technology and Basic Materials sectors helped lift the S&P 500 and Nasdaq Composite, even as several large-cap and small-cap stocks posted steep moves in both directions. Market breadth was positive o…
After the close, several large-cap technology and retail names moved sharply as companies reported quarterly results and updated outlooks. Dell Technologies and MongoDB led gains following outsized beats and aggressive fiscal-year guidance, while Gap, SentinelOne and American Eagle posted results or guidance that pressured their shares. NetApp and …
The S&P/TSX Composite closed higher by 0.31% as strength in the information technology, materials and healthcare sectors supported the market. Curaleaf, goeasy and Shopify were the session's top advancers, while ATS, Canadian Imperial Bank of Commerce and Chartwell Retirement Residences paced losses. Volatility as measured by the S&P/TSX 60 VIX fel…
Stocks in Sao Paulo finished lower on Thursday, with losses concentrated in Financials, Electric Power and Consumption sectors. The Bovespa fell 0.39% at the close. Utilities and steel names led the gainers while select retail and distribution stocks posted the largest declines. Market volatility as measured by the CBOE Brazil ETF Volatility rose m…
Gap Inc. trimmed its sales forecast for fiscal 2026 and flagged tepid near-term demand as U.S. consumers tighten budgets. The company raised its full-year adjusted profit outlook, citing roughly $80 million in expected tariff relief, and reported $464 million returned to shareholders in the quarter through buybacks and dividends.
Dell Technologies raised its annual revenue and adjusted earnings forecasts after reporting a strong first quarter driven by demand for AI-optimized servers powered by Nvidia chips. The company increased its long-term AI server revenue projection for fiscal 2027 and reported quarterly results that topped analyst estimates, while saying it has manag…
Starbucks will link a portion of technology employees' bonuses to department-level objectives that include the adoption of artificial intelligence. An internal document shows that a quarter of tech bonuses will be tied to those goals, and the company is monitoring how many priority initiatives in its 'Back to Starbucks' strategy incorporate AI. The…
Shares of Alkami Technology Group Inc. (NASDAQ: ALKT) jumped about 10% after reports that activist investor Jana Partners is pressing the company to resume a previously explored sales process. Jana, a shareholder in the Plano, Texas-based fintech, continues to view Alkami as a potential takeover target for private equity or a public acquirer. The c…
J.P. Morgan has resumed coverage of 14 large-cap biotechnology companies, arguing the sector is shifting toward an inflection point where clinical successes are translating into profitable, diversified commercial franchises. The bank raised outlooks on multiple firms, assigning Overweight ratings to a set of companies while holding Neutral or initi…
California Attorney General Rob Bonta filed a lawsuit in San Francisco Superior Court against Chrome Holding Co - the legal entity for 23andMe - over a data breach that began in April 2023 and lasted roughly five months. The complaint says the company ignored warnings and minimized the breach that exposed genetic, health and ancestry information fo…
The U.S. Postal Service has agreed to a multi-year contract with DHL eCommerce valued at over $10 billion to split responsibilities for parcel handling in the United States - DHL eCommerce will manage pickups and sorting at its 19 U.S. distribution hubs, and USPS will deliver packages to customers. The deal arrives as the Postal Service confronts s…
Brazilian state-controlled Petrobras has completed talks with SBM Offshore for two floating production vessels intended for its Sergipe deepwater operations. The production units, to be designated P-81 and P-87, are expected to be contracted in the near term, company CEO Magda Chambriard said at a press event focused on investments in Sergipe.
Morgan Stanley, reporting from the Asia AI Summit 2026, projects GDS Holdings will achieve mid-single-digit organic EBITDA growth in 2026-27 but expects roughly 4-5 percentage points of headwinds from legacy contract renewals and markdowns concentrated across five quarters from 2Q26 through 2Q27. Growth is expected to reaccelerate beginning in 3Q27…
Southwest Airlines reports no noticeable drop in travel demand after implementing seven fare increases since February, CEO Bob Jordan said at a Bernstein investor conference. Jordan said demand remains resilient across leisure and business travel, regions and booking timeframes, and expressed confidence that higher revenue can help offset rising je…
Morgan Stanley reaffirmed MediaTek as its top pick after takeaways from the Taiwan AI Summit 2026. The bank pointed to MediaTek’s cloud AI ASIC design services, edge AI prospects, a secured 2nm ASIC project likely to be TPU v9, and potential revenue contributions from a TPU v10 IceFish program in 2029-2030. Management reiterated plans to avoid ASIC…
