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.
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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…
Anthropic announced a $65 billion Series H financing that values the AI developer at $965 billion post-money. The round, backed by a coalition of venture firms and strategic partners, accompanies recent compute capacity agreements and a reported run-rate revenue surpassing $47 billion. Proceeds are earmarked for safety and interpretability research…
Sandoz submitted a draft anti-dumping complaint to the European Commission concerning imports of amoxicillin from China, arguing that below-cost pricing, government subsidies and the concentration of global capacity in China are undermining Europe's remaining penicillin production network and threatening future antibiotic supply.
A Lombard Odier survey of more than 390 high-net-worth individuals in the Asia-Pacific region found that over half view an economic recession as their primary worry for the next three years, with nearly half also citing the risk of an equity market correction or crash. The research, conducted between December 2025 and February 2026 among respondent…
Market action on Thursday featured pronounced moves across market-cap segments, led by strong showings from Arm and Oracle among mega-caps and an outsized rally in Snowflake among large-caps after an acquisition announcement. Several mid- and small-cap issues also posted double-digit gains, while a handful of companies including GE Vernova, Pure St…
First Solar shares spiked intraday after GLJ Research upgraded the stock to Buy and raised its price target to $315, citing reduced debooking risk and an impending Section 232 determination on polysilicon imports. The move amplified gains following a five-day rally and came against a modestly positive market backdrop, while First Solar's recent qua…
Friday, May 29, 2026, brings a concentrated set of economic releases and Federal Reserve speeches that market participants will watch for signals on goods trade, regional manufacturing activity and monetary policy sentiment. Key scheduled items include the goods trade balance, the Chicago Purchasing Managers' Index, remarks from Fed officials Neel …
Arm Holdings ADR climbed sharply in midday trading after several brokerages issued bullish ratings and price-target upgrades, backed by strong fiscal results and signs of accelerating demand for AI-focused CPUs. Analysts cited durable DRAM demand, expanding high-bandwidth memory markets, and a structural shift toward agentic AI workloads that favor…
Agilent Technologies rallied sharply in mid-day trading after reporting fiscal second-quarter results that beat expectations on key metrics and after management raised full-year guidance. Revenue and non-GAAP earnings exceeded consensus, analysts issued upgrades and the company reiterated structural tailwinds including instrument replacement cycles…
Advanced Micro Devices shares jumped sharply in mid-day trading, buoyed by a Wolfe Research note that singled out the company as the biggest beneficiary in an expanding CPU market driven by agentic AI workloads. The move came atop robust first-quarter financials, recent analyst support, and a fresh partnership announcement, all set against a constr…
Apotex Health Corp. has submitted a preliminary prospectus to Canadian securities regulators for an initial public offering of its common shares on the Toronto Stock Exchange. The planned offering will consist of newly issued shares as well as existing shares to be sold by certain shareholders, including controlling shareholder SK Capital Partners.…
DHL eCommerce has entered an exclusive, multi-year agreement with the United States Postal Service for last-mile parcel delivery in the U.S., an arrangement the companies say is worth more than $10 billion and is the largest contract in their 25-year relationship. Under the deal, DHL will manage pickup, sortation at 19 fully automated hubs and air …
Moody's upgraded Aveanna Healthcare LLC's credit ratings and upgraded its liquidity assessment after citing meaningful improvements in business performance and a reduction in leverage. The rating firm expects the company to maintain growth while operating with leverage in the mid-to-high 4.0 times range and forecasts substantial free cash flow over…
