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.
20,608 total articles
Australian equities fell at the close on Wednesday, with the S&P/ASX 200 dropping 1.26% to reach a one-month low. Weakness in the Gold, Metals & Mining and Materials sectors drove the decline, while market volatility rose and several commodity futures retreated. A greater number of stocks fell than rose on the Sydney exchange.
Taiwan's benchmark index closed lower on Wednesday, with the Taiwan Weighted down 0.68% after losses in the , Paper & Pulp and Chemicals sectors. A small group of stocks posted double-digit percentage moves in both directions, while key commodities and currency benchmarks showed modest changes at the close.
Chery, China's largest auto exporter, confirmed it is considering selling vehicles in the United States but provided no timetable. The company said any move would depend on its preparedness and on regulatory and policy environments in both countries. Chinese automakers have so far targeted other regions and face U.S. tariffs on Chinese-made electri…
OpenAI will create its first applied artificial intelligence laboratory outside the United States in Singapore and invest more than S$300 million (about $235 million). The company plans to expand its Singapore workforce to roughly 200 employees over the coming years, partnering with the Singapore government to advance applied AI, cultivate talent a…
As artificial intelligence becomes a central feature of business strategy, resistance is emerging among younger cohorts entering the workforce. Public reactions at university commencement addresses and new polling data show Generation Z growing more anxious and hostile toward AI, while major employers announce large-scale job cuts and automation pl…
A surge in fuel costs following strikes on Iran has accelerated electric vehicle demand across Europe, lifting registrations of new EVs and driving stronger interest in lower-cost Chinese models. Industry data and automaker statements point to sizable increases in orders and enquiries, prompting some manufacturers to consider raising EV production.
Macquarie has singled out several Taiwan-listed technology companies that it views as well placed to benefit from rising demand for artificial intelligence and high-performance computing. The brokerage cites Taiwan Semiconductor Manufacturing Company as its top pick, points to MediaTek's growing AI ASIC business, and identifies eMemory and Accton a…
HSBC Chief Executive Georges Elhedery told investors that artificial intelligence will displace certain roles within financial services even as it generates new ones, and urged employees to engage with the transition. The comments follow a rival bank's announcement of future job cuts tied to automation. HSBC has named its first chief AI officer and…
Singapore's Deputy Prime Minister called on banks and financial institutions to deploy artificial intelligence in ways that generate better-quality roles and upskill staff, rather than focusing solely on cost reductions. The appeal follows major banks signalling workforce change as they accelerate AI adoption and a DBS report ranking Singapore amon…
Kokusai Electric Corp's stock fell sharply after KKR disclosed plans to sell its remaining 10.57% holding via securities firms. The move completes KKR's exit roughly two-and-a-half years after the company's high-profile listing in Tokyo and follows earlier reductions in its stake after Kokusai's October 2023 initial public offering.
Planned changes to Australia’s capital gains tax regime and restrictions on negative gearing announced in the federal Budget are expected to shift investor preferences from growth-oriented assets to income-generating securities. The reforms remove the 50% capital gains discount for assets held over a year, introduce inflation-adjusted gains and set…
Samsung Electronics' largest labor union has confirmed it will begin a legally scheduled general strike after management declined a proposal during talks overseen by South Korean labor authorities. The planned 18-day walkout, involving nearly 48,000 employees, centers on disputes over performance-based bonuses and overall compensation. Markets reac…
Asian equities fell broadly on Wednesday as declines in technology and semiconductor shares followed losses on Wall Street. South Korea's KOSPI underperformed after talks between Samsung and its union collapsed and the union announced a strike. Investors awaited Nvidia's quarterly results and the Federal Reserve's minutes as higher global bond yiel…
HSBC Chief Executive Georges Elhedery told investors that generative AI will remove some jobs and create others, and that the bank is retraining its roughly 200,000 staff to be productive with new tools. His comments came amid wider industry moves to use AI to cut costs, including Standard Chartered’s announced reduction in corporate function roles…
Samsung Electronics and its labour union did not reach an agreement on bonus payments, leaving in place plans for 48,000 employees to commence an 18-day strike on Thursday. Management said union demands were unacceptable and would undermine the company's core principles. Government and business groups had pressured both sides to avoid work stoppage…
U.S. equity futures were largely unchanged on Tuesday evening as market participants paused ahead of Nvidia's quarterly earnings. Elevated U.S. Treasury yields and concerns that rising oil prices could stoke inflation kept pressure on equities, particularly technology and semiconductor stocks. Attention also turned to forthcoming Federal Reserve mi…
Ed Gallrein, who received the endorsement of U.S. President Donald Trump, defeated incumbent Representative Thomas Massie in the Republican primary for Kentucky's 4th congressional district, according to U.S. media projections. The outcome was framed as a test of Trump's ability to influence Republican voters and remove intra-party critics.
Goldman Sachs is expected to assume the lead-left role on SpaceX's upcoming initial public offering, with Morgan Stanley listed as a co-lead. The preliminary prospectus may be released as soon as this week, and SpaceX aims to price the offering around June 11 seeking up to $75 billion at a $1.75 trillion valuation.
Lincoln International raised $421 million by selling 21 million shares in its U.S. initial public offering at $20 per share, the top of its targeted range, giving the firm an approximate valuation of $2.04 billion. The Chicago boutique, focused on mid-market M&A and valuations, will list on the New York Stock Exchange under the ticker LCLN. Recent …
Goldman Sachs is expected to take the lead left underwriter position for SpaceX's planned initial public offering, with Morgan Stanley joining as a co-lead on the prospectus. The filing could be released as soon as Wednesday, and SpaceX is targeting a June 12 listing on Nasdaq and a fundraising goal near $75 billion at a valuation of about $1.75 tr…
Hong Kong is drawing renewed interest from overseas issuers as a rebound in initial public offering activity on the mainland and in the city coincides with greater foreign capital flows. An HKEX executive said roughly 10 companies from markets such as Indonesia, South Korea and Singapore have filed for listings in Hong Kong this year, with a wider …
The UK government will expand the Competition and Markets Authority's authority to act against firms judged to have raised prices unfairly during crises, finance minister Rachel Reeves said. A new anti-profiteering framework would allow regulators to investigate rapid price rises and publish firms' margin changes, and ministers could grant time-lim…
Lincoln International Inc. has set the price for its initial public offering at $20.00 per share for 21,049,988 Class A shares and has provided underwriters a 30-day option to buy 3,157,498 more shares. The firm expects its shares to begin trading on the New York Stock Exchange under the symbol LCLN on May 20, 2026, with the offering slated to clos…
Two Democratic senators told the Transportation Secretary to explain why a family road trip, filmed as a five-part web series and funded by companies his department regulates, was appropriate. The trip was sponsored by firms including Boeing, Toyota, United Airlines, Enterprise, Shell and Royal Caribbean Group; an advocacy group has filed an ethics…
Stellantis is set to announce a European joint venture with China’s Dongfeng and a plan to manufacture at least one fully electric Voyah-brand vehicle at the Stellantis factory in Rennes, France. According to a letter of intent, Stellantis would hold a 51% stake in the venture. Producing the Voyah model in France would allow Dongfeng to avoid EU ta…
