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.
18,060 total articles
Macquarie has downgraded Broadcom from Outperform to Neutral and trimmed its 12-month price target by 15% to $437, citing risks that Google is lessening dependence on Broadcom for AI ASICs by partnering with MediaTek and accelerating internal chip development. The research house raised near-term profit forecasts but lowered 2028 estimates, and proj…
Ramp, the corporate card and expense-management platform founded in 2019, has closed a $750 million funding round valuing the company at $44 billion, up from $32 billion in November. The round was led by ICONIQ, GIC and the Ontario Teachers’ Pension Plan, and included participation from a number of large institutional investors. The company reports…
Xos Inc. stock plunged in premarket trading after the company disclosed a registered direct offering that will issue 1,090,910 shares at $5.50 apiece, raising roughly $6 million. The Los Angeles-based electric commercial vehicle manufacturer said net proceeds will support its expansion into grid-independent power markets for AI data centers and ind…
Raizen Energia, a unit of Brazilian sugar and ethanol producer Raizen, has agreed to sell its downstream operations in Argentina to Mercuria Energy Group for $1.42 billion. The purchase price includes a cash payment at closing subject to standard adjustments such as working capital and net debt changes, and Mercuria will assume the debt of Raizen A…
Mobix Labs announced a binding letter of intent to acquire Vision Aerial, a Montana manufacturer of U.S.-built drones, prompting a 32.7% jump in premarket trading. The move would bring drone manufacturing capabilities into Mobix Labs' portfolio, with Vision Aerial's founders expected to stay and production remaining in the United States. The transa…
Hadron Energy Inc. saw its shares increase in premarket trade after the U.S. Nuclear Regulatory Commission accepted Revision 3 of the company’s Quality Assurance Program Description for reference in future licensing applications under 10 CFR Part 52. The NRC found the program compliant with applicable regulations and industry standards, allowing Ha…
The European Commission has informed Spain that it breached EU rules by failing to implement the new capital requirements directive and by adopting domestic measures inconsistent with EU banking supervision frameworks, opening a formal infringement procedure and giving Madrid two months to respond. The move follows the Commission's earlier challeng…
Shares of several Asia-exposed banks and insurers fell sharply on Thursday after reports that some Hong Kong banks have begun suspending the opening of investment and savings accounts for mainland Chinese clients destined for overseas investments. The market reaction extended beyond lenders to insurers that rely on mainland visitors purchasing poli…
Saudi Arabia's main equity gauge closed lower Thursday, with losses concentrated in Building & Construction, Petrochemicals and Telecoms & IT sectors. The Tadawul All Share fell 0.11% amid mixed stock performances that included strong single-session gains for several mid-cap names and steep declines for a handful of large-cap firms. Crude benchmark…
Imunon Inc. (NASDAQ:IMNN) said it has closed a $10 million financing arrangement composed of preferred stock and secured promissory notes to fund patient enrollment in its Phase 3 OVATION 3 trial evaluating IMNN-001 for newly diagnosed advanced ovarian cancer. Shares rose 3.3% in premarket trading following the announcement.
Amneal Pharmaceuticals saw premarket shares rise after the FDA approved its ready-to-use romidepsin injection solution, a product eligible for Competitive Generic Therapy designation that carries 180 days of market exclusivity. The formulation provides an alternative to the lyophilized powder requiring reconstitution and references a prior marketed…
KIDZ AI Inc. said it will implement a 1-for-10 reverse stock split effective June 8, 2026, to comply with Nasdaq minimum bid price rules. The announcement preceded a 29.3% decline in pre-market trading. The company will reduce both authorized and outstanding Class A and Class B shares, and adjust equity incentives, warrants and convertible securiti…
High Roller Technologies announced the launch of its ROLR brand and a free-to-trade, eight-week prediction challenge that offers weekly cash rewards and qualifiers an opportunity at a $25 million grand prize. The stock rose 13% on the news. The contest features guaranteed cash prizes exceeding $100,000 across the competition and is open to eligible…
Nu Holdings Ltd. said its Board authorized a share repurchase program of up to $1 billion to be carried out over a 12-month period starting June 4, 2026. The Brazilian digital bank noted the program reflects its capital allocation strategy as operations produce significant capital; it also stated that investments across Brazil, Mexico, Colombia and…
Ukraine has designated the Swedish-built Gripen fighter as a central element of its air force, allocating part of an EU loan to buy new jets and accepting donated older models from Sweden. The move could put the Gripen into combat against Russian forces within a year, offering the aircraft its first sustained test in high-intensity warfare. The pla…
Kopin Corporation shares slipped about 6.0% in pre-market trade to $5.82 after reaching a 52-week high of $6.61 in the previous session. Traders appear to be taking profits following a roughly 23% rally over the prior two weeks. The decline coincides with an SEC filing that registers the potential resale of about 15.8 million shares and a broadly w…
Blackstone Private Credit Fund (BCRED) said in a June 4 letter to investors that it will restrict shareholder repurchases to 5% of outstanding shares for the second quarter of 2026. Redemption requests totaled about 10% of shares outstanding for the quarter, twice the fund's standard repurchase cap, and will be fulfilled pro rata at the 5% level. T…
Futures tied to Canada’s primary equity gauge were essentially flat Thursday as traders continued to track a spate of developments in the Middle East and awaited an important U.S. jobs reading later in the week. The S&P/TSX composite retreated from a recent record high after renewed exchanges of strikes, while technology and commodity moves reflect…
Innio, the Munich-based maker of gas engines and distributed power systems, raised $2.43 billion in an upsized initial public offering and is due to begin trading in the U.S. later on Thursday. Backing from investors attracted to companies supplying the physical infrastructure for AI - particularly data-center power equipment - helped drive demand.…
HSBC is maintaining an aggressive allocation to risk assets but has been answering repeated client questions on what might trigger a shift to a bearish stance. Chief Multi-Asset Strategist Max Kettner says common concerns such as near-term U.S. earnings, geopolitics and front-end interest-rate moves rank low, while two higher-priority risks - broad…
RBC Capital Markets has started coverage of Sylvania Platinum Ltd with an "outperform" rating and a 175 pence price target, implying roughly 106% upside from the current share price of 92 pence. The broker points to a robust free cash flow profile, a sum-of-the-parts adjusted NAV of $563 million (167p per share), and a key Thaba joint venture as pr…
Nasdaq futures fell sharply in early trading after Broadcom reported second-quarter revenue that surged on AI chip demand but issued guidance that failed to meet some investors' expectations. S&P 500 and Dow futures held near the flatline as market participants weighed geopolitical tensions in the Middle East. Several cryptocurrency- and blockchain…
Futu, the Hong Kong-based online brokerage, said it will prevent Chinese mainland investors from opening new positions, adding to existing positions, and transferring funds into accounts beginning June 12. The announcement follows regulatory action from mainland authorities targeting cross-border securities services offered without local approval. …
Coca-Cola's finance chief said the company is adapting packaging and pricing to keep products affordable amid uneven demand across income groups, and warned the unclear outlook in the Middle East will remain a boardroom topic into 2027. Management said it is managing disruption from the U.S.-Israeli war on Iran without fear, while noting some consu…
Coca-Cola is adjusting product formats and price tiers to keep drinks accessible as consumer spending patterns diverge by income level, CFO John Murphy said at the Deutsche Bank consumer conference in Paris. The company, which raised its annual profit outlook in April, is managing disruption tied to the U.S.-Israeli war on Iran and sees the geopoli…
