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.
20,578 total articles
Forgent Power Solutions (FPS) shares fell sharply in morning trading after the company disclosed a public offering totaling about 35 million Class A common shares. The sale - including roughly 23.7 million shares being sold by parent entities controlled by Neos Partners LP and about 11.3 million new shares issued by Forgent - rekindled investor wor…
The European Commission proposed new rules to allocate satellite spectrum for services that connect directly with mobile devices. The plan would divide the 2 GHz band into three equal portions - for government use, new EU-based entrants and established US and EU operators - enabling non-European companies such as Starlink to bid for access while re…
American Airlines said it will maintain its full-year profit outlook despite a sharp increase in jet fuel costs, with CEO Robert Isom telling investors that stronger revenue, robust premium fares and a rebound in corporate travel are cushioning the impact. The carrier noted a K-shaped recovery in demand but said travel is rising across income group…
Gucci has confirmed it will become the title partner of Renault’s Alpine Formula One team starting with the 2027 season, with the team to race under the name Gucci Racing Alpine Formula One Team. The collaboration is to be integrated into Gucci Racing, a new business and experiential initiative the company says will unite luxury and sport. Financia…
American Airlines is retaining its full-year profit outlook despite upward pressure from fuel costs, CEO Robert Isom said at a Bernstein investor conference. The carrier credits stronger overall revenue, increased premium demand and a rebound in corporate travel for cushioning the impact of rising oil prices, even as it previously trimmed its 2026 …
Morgan Stanley raised questions about whether Wall Street is fully pricing the future revenue potential from Microsoft's expanding AI infrastructure. Analyst Keith Weiss argues that capacity deployments and capex increases have outpaced revenue assumptions, and that Microsoft's growing datacenter footprint and unified cloud-and-AI platform could le…
Boston Scientific shares fell sharply after executives disclosed lower organic growth forecasts during a Bernstein investor conference, citing unforeseen headwinds and shifts in business patterns. Management cut full-year and Q2 organic growth expectations and pointed to softening volumes in WATCHMAN and electrophysiology, prompting analyst price-t…
The Czech Ministry of Interior has contracted Airbus Helicopters to supply 11 five-bladed H145 helicopters to the Czech Police Aviation Service. The agreement includes aircraft delivery, crew training and logistical support. The H145s will succeed the current H135 family helicopters and are expected to offer greater tactical range and lifting capac…
Shares of NVIDIA slipped after the company announced a substantial increase in planned Taiwan investment and a new regional headquarters, reviving short-term selling despite recent strong corporate actions. Investor Michael Burry’s public warnings about customer concentration and the company’s declining mainland China revenue have reinforced cautio…
PDD Holdings plunged after reporting first-quarter 2026 results that missed analyst expectations on both adjusted earnings per ADS and revenue. Management emphasized continued investment in the platform ecosystem and supply chain capabilities rather than near-term profitability, while an ongoing merchant support program and regulatory and legal ris…
Taiwan Semiconductor Manufacturing Co. shares jumped to a new 52-week high after Nvidia's CEO said the company plans to raise its annual Taiwan investment to about $150 billion and is breaking ground on a Taipei headquarters due by 2030. Supplementary supply-chain reports that TSMC will lift prices on its 3-nanometer process and high-level visits f…
Momentus Holdings Inc. shares climbed sharply in morning trading after the company confirmed a roughly $25 million at-the-market private placement to existing institutional investors. The capital raise, combined with a strong Q1 service revenue increase, a fully booked next mission and disclosed government contracts, has been cited as the primary d…
MGM Resorts stock climbed sharply after JPMorgan and Truist Securities issued same-day upgrades and raised price targets, citing evidence that Las Vegas Strip fundamentals have bottomed and are set to recover. The move follows encouraging room-rate survey data, a stronger group and event calendar, a Q1 earnings beat, and active share repurchases by…
SoFi Technologies shares climbed following the rollout of SoFiUSD, a U.S. dollar stablecoin now available to the company's nearly 15 million members directly within the SoFi app. The move - presented as the first instance of a U.S. national bank-issued stablecoin accessible on a banking app - forms part of a wider strategy that ties consumer access…
American Airlines said it will keep its full-year profit guidance intact despite a notable uptick in fuel prices, citing improved revenue, stronger premium bookings and a rebound in corporate travel. CEO Robert Isom told investors demand is uneven across income groups but overall bookings and corporate spending are supporting the carrier's outlook.
At its annual meeting in Houston on May 27, Chevron shareholders voted down a proposal to require the company to appoint an independent board chair separate from the CEO. The proposal, brought by the National Legal and Policy Center, drew a recommendation in favor from proxy adviser Glass Lewis but was opposed by Chevron, which said it should retai…
PBF Energy shares declined after the company’s subsidiary priced $500 million of 7.25% senior notes due 2034 in a private offering, a transaction intended to redeem $801.6 million of 6.00% notes due 2028. The higher coupon and the requirement to use cash to close the gap between the proceeds and redemption amount combined with a cautious analyst st…
JPMorgan upgraded MGM Resorts International from Neutral to Overweight, boosting its December 2026 price target to $46 from $41. The firm cites stabilizing Las Vegas room rates, recovering visitor trends and a favorable implied free cash flow yield as the basis for the upgrade, while noting limited downside from potential competitive pressure.
Lululemon stock climbed 4.2% in morning trading after the company and founder Chip Wilson reached a formal cooperation agreement that resolves a protracted proxy dispute. The deal includes board appointments for two of Wilson’s nominees and a cap on his ownership stake, easing a major source of investor uncertainty and refocusing attention on the c…
GlobalFoundries Inc. shares fell sharply in morning trading after Mubadala Investment Co., the company’s largest shareholder, sold 22 million shares in a secondary offering priced between $86.30 and $86.80 each. The block was sold at a discount of up to 4.1% to the prior session’s reference price, reducing Mubadala’s stake from about 78% to roughly…
Thea Energy raised $100 million in an oversubscribed Series B round led by Thomas Tull’s US Innovative Technology Fund, with participation from a broad investor group. The Kearny, New Jersey-based developer of commercial stellarator fusion technology will use the capital to expand magnet manufacturing capacity including a second Northern New Jersey…
At the Bernstein Conference on Wednesday, JPMorgan Chase CEO Jamie Dimon described the bank as "over-earning," kept the firm’s net interest income guidance at $95 billion, and said 2026 expenses may edge toward $106 billion. He outlined a large slate of AI projects, criticized the global systemically important bank surcharge as "quite deliberately"…
Mizuho has adopted a constructive stance on selected U.S. oil and gas equities, arguing that the ongoing Iran crisis and the resulting inventory declines are likely to keep crude prices higher for an extended period and to bolster refining margins. The bank raised its Brent price outlook for 2026 and 2027, flagged valuation dislocations among large…
Artelo Biosciences Inc reported an at-the-market stock offering program of up to $6.53 million and named H.C. Wainwright & Co., LLC as exclusive sales agent, prompting a 20.5% fall in premarket trading. The prospectus supplement outlines the sales agreement, commission terms, prior sales activity and indemnification provisions for the sales agent.
SOLV Energy Inc reported a public offering of 14 million Class A common shares, a transaction that coincided with a roughly 4% premarket decline in the company's stock on Wednesday. The offering splits the shares between affiliates of American Securities LLC and SOLV Energy itself, and both parties intend to grant underwriters 30-day options to buy…
