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.
9,614 total articles
Gresham House Energy Storage Fund reported a net asset value of 113.34 pence per share at December 31, down 2.36 pence in the fourth quarter but up 3.99 pence for the year. Portfolio EBITDA rose to £38.8 million in FY25, a 33.4% increase year-over-year, while quarterly EBITDA was about £9.5 million, an 11% increase versus Q3. The wider GB BESS mark…
FinecoBank S.p.A. has announced targets aiming for a low double-digit compound annual growth rate (CAGR) in earnings per share from 2025 to 2029, excluding revenue from planned international expansion. The bank set parallel growth goals for total clients and net sales, pledged to keep the cost-to-income ratio under 30%, and reaffirmed a 70%-80% div…
PhonePe, the leading payments platform in India backed by Walmart, is targeting a valuation between $9 billion and $10.5 billion in an initial public offering that would raise roughly $900 million to $1.05 billion. Major existing investors including Walmart, Tiger Global and Microsoft plan to sell shares in the offering; the company will not issue …
Gresham House Energy Storage Fund PLC reported a net asset value (NAV) per share of 113.3p as of December 31, 2025, a 2.0% decline in the fourth quarter. The NAV movement reflected a material downward revision to revenue assumptions, partially offset by favorable business developments and cash generation. The portfolio produced £15.4m of revenue an…
Traton, Volkswagen's commercial vehicle arm, projected a modest rebound in unit sales for 2026 with adjusted operating return on sales expected to remain broadly comparable to the prior year. The company reported weaker 2025 results amid tariff-driven cost pressure and soft European demand, even as incoming orders rose.
Morgan Stanley has updated its India focus list by adding three companies - Lenskart, Adani Power and Prestige Estates - citing differentiated business models, execution strengths and valuation support. The bank removed Reliance Industries, Titan and Interglobe Aviation from the list. MS points to Lenskart's vertical integration and operational eff…
Tokyo shares closed lower on Wednesday with the Nikkei 225 finishing down 3.70%. Losses were concentrated in Paper & Pulp, Transport and Communication sectors. Market breadth was heavily negative, with falling issues far outnumbering gainers. Volatility in Nikkei options retreated, while oil and gold prices moved higher and major currency pairs sho…
Continental said it expects its core tyres division to report broadly stable sales in 2026, with guidance that implies only a modest deviation from 2025 levels. The company set a revenue range and a slightly wider operating margin band for the segment as it completes a strategic shift to focus on tyres and disposes of its Original Equipment Solutio…
Shares of Hong Kong-based New World Development fell sharply after reports that negotiations with U.S. private equity firm Blackstone over a potential $2.5 billion investment into a special-purpose vehicle have stalled. The proposed deal, which would have made Blackstone the largest shareholder, has encountered resistance amid the Cheng family’s re…
Shares of Sumitomo Mitsui Financial Group fell sharply after reports that the bank's unit held significant exposure to Market Financial Solutions, a UK mortgage provider that was placed into administration in late-February amid allegations of financial irregularities and mismanagement. The decline contributed to a broader selloff on the Nikkei as c…
Voting has begun for a new works council at Tesla’s factory in Grünheide, Germany, where IG Metall is mounting a high-stakes push to win a majority of seats. The union has nominated 116 candidates for a 37-seat council and is challenging a council currently dominated by non-union members. Results are expected later this week after a campaign marked…
Wix.com reported fourth-quarter revenue of $524.3 million, up 14% year-over-year and effectively in line with the Bloomberg Consensus average estimate of $527.9 million. The company delivered stronger-than-expected non-GAAP operating income and adjusted gross profit, reported solid bookings growth, and provided 2026 guidance that includes mid-teens…
Multiple media reports indicate OpenAI is exploring a contract to deploy its artificial intelligence technology on NATO networks, with initial comments suggesting classified deployments that were later clarified as unclassified. The development follows OpenAI's recent agreement to place its systems on the U.S. Defense Department's classified networ…
Taiwan equities ended Wednesday under pressure, with the Taiwan Weighted index falling 0.90% as declines in the Plastic and Rubber sectors weighed on the market. Several small-cap names recorded double-digit percentage moves in both directions, while commodity and currency markets saw modest gains for oil and the US dollar.
ING Research reports that European construction companies are well positioned to expand margins further as labour shortages and rising demand tighten capacity, allowing greater pass-through of higher costs. While EBITDA margins for a panel of large firms have improved since 2018, they remain below levels seen in 2007-2012. ING cautions that higher …
Lin Junyang, who led Alibaba Group’s Qwen artificial intelligence model division, announced he was stepping down on Wednesday, becoming the third senior executive tied to Qwen to leave this year. The exits coincide with a rapid increase in monthly active users after recent product releases and come amid a broader market selloff that weighed on Alib…
OpenAI is reported to be evaluating a contract to install its artificial intelligence systems on NATO's unclassified networks, according to a person familiar with the matter. The discussions come days after OpenAI reached an agreement to deploy its technology on the U.S. Department of Defense's classified network. A company comment clarified earlie…
Alibaba Group shares fell sharply in Hong Kong trading after Junyang Lin, the technical lead for the company's Qwen AI models, announced he was stepping down in a brief post on X. The move came one day after the rollout of a new set of smaller Qwen models and was followed by Alibaba becoming one of the largest drags on the Hang Seng index.
Australian equities finished lower after Wednesday trading in Sydney, with the S&P/ASX 200 retreating 1.94%. Losses were concentrated in the Gold, Metals & Mining and Materials sectors. Market breadth was weak, the volatility gauge for the ASX 200 rose sharply, and key commodity prices and currency crosses moved higher or lower as noted.
Negotiations to inject fresh capital into Raizen have broken down after co-owners and interested investors could not align on terms. Shell had signalled a commitment to contribute 3.5 billion reais and anticipated another investor would match that amount, but Cosan said it could not provide equivalent support and private equity parties declined to …
Shares of Samsung Electronics fell sharply after a report citing multiple people familiar with the matter said mass production at the company’s Taylor, Texas semiconductor plant has been delayed, with a meaningful ramp-up now expected in early 2027 instead of later this year. The company said preparations for mass manufacturing are expected to be c…
Asian markets moved sharply lower as heightened worries about the U.S.-Iran conflict and its potential inflationary effects drove investors away from risk assets. South Korea's KOSPI plunged as much as 11% and trading was halted, while major Chinese and Hong Kong indexes retreated after mixed purchasing managers index data. Australian equities fell…
Discussions over a multi-billion dollar investment that would have made Blackstone the largest shareholder in New World Development have slowed after the Cheng family resisted surrendering control. The proposed structure called for roughly $2.5 billion from Blackstone into a special-purpose vehicle and a family contribution of $1 billion to $1.5 bi…
South Korea’s KOSPI fell sharply over two sessions, sliding 8.1% on Wednesday to 5,322.93 points and triggering a 20-minute trading halt under a sell-side circuit breaker. The decline followed a 7.2% fall on Tuesday as investors, citing heightened geopolitical risk from the U.S.-Iran war and concerns over energy-driven inflation, engaged in heavy p…
Goldman Sachs’ departing chief legal officer, Kathryn Ruemmler, will testify before the U.S. House Oversight Committee after Justice Department documents revealed she accepted gifts from Jeffrey Epstein and provided him advice on responding to media inquiries. Ruemmler has denied wrongdoing and said she had no knowledge of any ongoing criminal acti…
