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.
8,959 total articles
Apple marks its 50th year amid a mix of commercial strength and mounting strategic questions. The company, founded from a hobbyist circuit board in early 1976, helped make personal computers and smartphones mainstream and built a recurring-revenue services engine. Yet Apple now confronts intense AI-driven competition from large software rivals and …
SpaceX has engaged at least 21 banks to underwrite a planned initial public offering codenamed Project Apex, according to people familiar with the matter. Five banks are acting as active bookrunners while 16 additional firms have been signed for smaller roles. The offering, expected in June, is projected to value the rocket company at $1.75 trillio…
Microsoft, Chevron and investment firm Engine No. 1 have entered an exclusivity agreement to discuss the generation and supply of power for data center operations. The move comes amid an industry push to secure dedicated electricity for rapidly growing data center capacity that will support generative artificial intelligence services such as ChatGP…
Fonterra has settled a lawsuit brought by Greenpeace Aotearoa, acknowledging that the '100% New Zealand grass-fed' label applied to Anchor butter was likely to mislead some consumers. Greenpeace alleged the butter sold in New Zealand supermarkets between December 2023 and April 2025 breached law because cows received non-grass feeds including palm …
Microsoft is in exclusive negotiations with Chevron and activist investor Engine No. 1 on a proposed natural gas-fired power complex in West Texas intended to supply electricity to a data center campus. The facility is expected to cost about $7 billion and initially produce approximately 2,500 megawatts. The discussions occur as major cloud provide…
AT&T has reached an agreement-in-principle to provide about $1 billion in upgrades to the Commerce Department’s FirstNet emergency cellular network and to deliver roughly $1 billion in cost savings for the program through reduced rates, a U.S. government agency said. The deal follows a 2017, 25-year contract to build FirstNet and was enabled by a 2…
Artisan Partners has publicly welcomed Unilever’s plan to merge its food division with McCormick, stating the transaction should allow Unilever to concentrate on its core personal care and home businesses. Artisan cited tax efficiency and an "attractive sale price," while noting the remaining group should trade at a higher earnings multiple on a st…
Mexico's benchmark S&P/BMV IPC climbed 2.27% at Tuesday's close, led by advances in industrials, consumer goods and consumer staples. Cemex, Grupo Mexico and Genomma Lab were the session's top performers, while Grupo Comercial Chedraui, Megacable and Vesta were among the few decliners. Market breadth favored risers, and commodity and currency marke…
Colombian stocks ended Tuesday's session higher, with the COLCAP index jumping 4.17% to reach a one-month high. Broad gains were led by Industrials, Services and Agriculture sectors, even as several heavyweight stocks registered steep losses. Commodity and currency markets showed modest movements, with coffee, cocoa and gold futures finishing highe…
Russian stocks ended lower after the close on Tuesday, with the MOEX Russia Index dropping 0.84% to a new one-month low. Losses originated in the Oil & Gas, Mining and Manufacturing sectors. Market breadth was negative, implied volatility eased, and commodities showed mixed performance as gold rallied and crude futures diverged.
HMH Holding Inc. set its initial public offering price at $20 per share for 10.52 million Class A shares, targeting gross proceeds of $210.4 million. Underwriters have a 30-day option to buy an additional 1.58 million shares at the IPO price, which if exercised would lift total proceeds to about $242 million. The company expects trading to begin on…
Beyond Meat reported a steeper-than-expected operating loss and quarterly revenue that missed analyst estimates as demand for higher-priced processed plant-based products remained weak. The company also disclosed delays to reporting driven by identified material weaknesses in inventory accounting and said it cannot yet estimate when its annual repo…
ORIC Pharmaceuticals' stock dropped 27% after the company named 400 mg once daily as the recommended Phase 3 dose of rinzimetostat in combination with darolutamide for the Himalayas-1 registrational trial in post-abiraterone metastatic castration-resistant prostate cancer. The choice followed dose-optimization findings showing comparable efficacy b…
The Federal Reserve Bank of New York has appointed Citigroup CEO Jane Fraser to the Federal Advisory Council for a one-year term that began in January. The council, which offers industry perspective to the Fed's Board of Governors, includes one banking representative from each of the 12 Federal Reserve districts and typically meets quarterly in Was…
S&P Global Ratings upgraded the Cook Islands' long-term sovereign credit rating to BB- from B+ late on Tuesday, citing a tourism-led economic rebound and fiscal restraint that have strengthened public finances. The agency assigned a stable outlook, maintained the short-term sovereign rating at B and kept the transfer and convertibility assessment a…
A federal judge in Manhattan has permitted former Twitter investors to proceed with a class action alleging Elon Musk delayed disclosing his initial stake in the company, potentially exposing him to larger damages. Plaintiffs contend Musk violated SEC timing rules by failing to reveal a 5% ownership threshold on March 24, 2022 and instead disclosed…
After the market close, shares of several companies moved sharply following quarterly reports. Nike slipped despite beating estimates on sales and earnings, RH tumbled after missing consensus expectations, nCino posted results that outperformed forecasts and gained strongly, and BRC Group logged a double-digit revenue increase and rose after report…
U.S. stock indices finished higher on Tuesday, with the Dow Jones Industrial Average up 2.49%, the S&P 500 rising 2.91%, and the NASDAQ Composite advancing 3.83%. Technology, Industrials and Consumer Services sectors paced the rally. Several large-cap names recorded notable moves in both directions, while market breadth favored advancers across the…
Canada's equity market closed higher as gains concentrated in Materials, Healthcare and Information Technology sectors propelled the S&P/TSX Composite up 2.61%. Market breadth favored advancers by more than four to one, while commodity and currency moves showed mixed signals at the close in Toronto.
Brazilian equities closed higher on Tuesday in Sao Paulo, with the Bovespa index rising 2.71% as Financials, Real Estate and Industrials posted strong gains. Natura & Co SA led individual movers, jumping 12.99%, while Prio SA was the largest decliner, down 8.17%. Commodities and currency markets showed mixed moves, with June gold up sharply and the…
Banks led by JPMorgan are exploring adjustments to the $7.2 billion debt package backing the Clayton, Dubilier & Rice buyout of Sealed Air, signaling potential changes to protections for lenders after investor resistance over provisions tied to potential spin-offs of the company’s units. The largest tranche—a U.S. dollar loan—had drawn roughly $3 b…
Robinhood Markets' banking business has gathered more than $1.5 billion in customer deposits from nearly 100,000 funded accounts, CEO Vlad Tenev said. The company noted a roughly 50% rise in deposits over the referenced period, and the stock climbed 6% on Tuesday, aided by broader market gains and a rebound in Bitcoin prices.
U.S. Customs and Border Protection said it has made measurable progress developing a dedicated portal and processing system to refund roughly $166 billion in tariff collections the Supreme Court found unlawful under the International Emergency Economic Powers Act (IEEPA). Agency officials said the new setup will accept claims in stages, prioritize …
Teladoc Health stock climbed 4% following a March 31 letter from activist investor Pineal Capital Management calling for a minimum $200 million share buyback and a strategic review that could include separating the company's two principal segments. The investor accused management of sluggish decision-making and poor capital allocation, pointed to d…
John Addison, Vitol’s lead U.S. gasoline trader and head of refined products trading in the Americas, plans to retire at age 47 after more than 17 years at the firm, sources said. Addison played a central role this year in securing a deal for the first exports of Venezuelan oil following Nicolas Maduro’s capture by U.S. forces. He intends to shift …
