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.
20,609 total articles
Standard Chartered announced plans to reduce roughly 15% of its corporate function workforce by 2030, a move that Reuters calculations show would equate to more than 7,000 roles. The bank said the reductions will be driven by automation and wider adoption of artificial intelligence as it repositions to boost profitability, raise shareholder returns…
Stellantis CEO Antonio Filosa is set to present a long-term plan at the company's capital markets day in Auburn Hills, Michigan, centered on restoring U.S. competitiveness, concentrating investment on four main brands and deepening partnerships with Chinese automakers. The strategy responds to weakened sales in key markets, excess European capacity…
France’s Mistral AI has purchased Vienna-based Emmi AI for an undisclosed amount. The acquisition adds Emmi’s physics-oriented modelling - covering airflow, heat transfer and material stress - to Mistral’s toolkit for industrial customers across Europe. Mistral says the move strengthens its Europe-first strategy and its ability to assemble purpose-…
The Taiwan market closed lower, with the Taiwan Weighted index down 1.39%. Losses were concentrated in Electronic Parts/Components and Computers & Peripherals sectors. Several individual names posted double-digit intraday moves in both directions, while commodity and currency markets showed notable shifts.
Japan Airlines has entered a 10-year maintenance and overhaul agreement with GE Aerospace to service avionics systems on its Boeing 787 fleet. The work will be handled by GE Aerospace’s Brisbane, Australia facility and continues a multi-decade partnership between the carrier and GE that dates to the CF6 era in the 1970s. The contract follows Japan …
Tencent Holdings' Hong Kong-listed shares jumped more than 4% after the company announced that two artificial intelligence models on its intelligent agent development platform will transition from a free beta to paid commercial services via Tencent Cloud starting May 27. The models will adopt usage-based pricing tied to model invocation volumes whe…
Intel is pressing major notebook and desktop manufacturers in the U.S., China and Taiwan to increase use of processors made on its newest 18A production node, citing tighter supply conditions driven by rising demand for AI computing. The company says Panther Lake and Wildcat Lake chips produced on 18A are more available than some older-node process…
Bakkafrost reported a return to net profitability in the first quarter, driven by expanded harvest volumes in the Faroe Islands and stronger biological results. Operational EBIT rose to 544 million Danish crowns, revenue increased 11% and the company raised its 2026 Faroes harvest guidance to around 97,000 tonnes.
Macquarie nominated six South Korean semiconductor companies it believes are well placed to capitalise on structural memory supply limits and rising demand for AI infrastructure. The brokerage singled out established memory producers and specialist equipment and materials suppliers, arguing that constrained bit growth, a rising HBM mix and rapid AI…
Kuark Capital, led by Taiwanese investor Kyle Su, has raised at least $400 million ahead of the launch of a hedge fund focused on Asian artificial intelligence-related equities, with particular attention to opportunities in Taiwan and Japan. The fund will employ a low-net-equity long-short strategy to pursue both long and short ideas while limiting…
Asian equity markets showed a split performance as technology stocks followed Wall Street weakness and investors digested Japan's stronger-than-expected Q1 GDP print. Oil eased after U.S. President Donald Trump said he paused planned strikes on Iran, but prices remained elevated amid supply risks in the Strait of Hormuz. South Korea's market fell s…
The Reserve Bank of Australia raised its cash rate to 4.35% at its May 5 meeting with an 8-1 vote, marking a third consecutive 25 basis-point rise. Minutes released afterward show the board believes the decision leaves financial conditions likely somewhat restrictive and provides time to evaluate the inflationary effects of the Iran conflict on fue…
On May 18, reports citing people familiar with the matter indicated that Analog Devices is in advanced negotiations to purchase Empower Semiconductor for roughly $1.5 billion in cash. Empower, a Silicon Valley firm that makes voltage-regulating power-management chips used in AI processors and data centers, would expand Analog Devices' footprint in …
A federal jury in Boston found Takeda Pharmaceutical liable for causing approximately $885 million in damages by delaying the market entry of a generic version of Amitiza through what jurors concluded was an anticompetitive arrangement. Plaintiffs including pharmacies, insurers and large retailers prevailed, and the award may be subject to trebling…
U.S. equity futures were largely unchanged Monday evening following a tech-led pullback during the regular session. Investors monitored geopolitical developments in the Middle East and awaited quarterly results from Nvidia later in the week. Rising oil prices and higher Treasury yields contributed to a cautious tone across risk assets.
Asian equity markets showed uneven moves while global bond markets regained ground after an initial rout. U.S. President Donald Trump said he paused a planned attack on Iran to allow negotiations and indicated a "very good chance" of reaching a deal to curb Iran's nuclear ambitions, prompting oil to retreat. Investors remain cautious after a weeken…
New York City mayor Zohran Mamdani met with JPMorgan Chase CEO Jamie Dimon at the bank’s new headquarters, discussing government efficiency and regulatory simplification. The encounter took place weeks after Mamdani faced criticism for proposing higher taxes on the wealthy and follows prior public comments from Dimon offering the bank’s support for…
Google and Blackstone are forming a new AI-focused cloud company that will deploy Google’s Tensor Processing Units along with software and services. Blackstone will provide $5 billion and hold a majority stake. The venture aims to bring 500 megawatts of computing capacity online by 2027 and to expand capacity thereafter, positioning itself as a com…
Standard Chartered PLC (LON:STAN) announced plans to reduce corporate functions headcount by more than 15% by 2030 as part of a strategy to lift returns. The bank set a target of roughly 18% return on tangible equity in 2030, aims for annual earnings-per-share growth in the high teens from 2025 through 2028, and said it will support a dividend payo…
Standard Chartered said it will target a return on tangible equity (ROTE) of more than 15% in 2028 and roughly 18% by 2030, while outlining plans to cut corporate function roles by about 15% by 2030. The Asia- and Africa-focused bank said the next phase of growth will be supported by a more integrated operating model and a continued focus on higher…
The administration plans to introduce a regulatory framework to enable trading of tokenized or digital versions of securities. The Securities and Exchange Commission is expected to issue an "innovation exemption" for tokenized stocks imminently. The approach could permit trading of tokens that are not backed by, or authorized by, the companies whos…
Anthropic has updated its approach to information sharing for Mythos, the defensive cybersecurity model deployed under its restricted Project Glasswing initiative. Partners now have clear permission to share findings, tools, and code produced through the program with other organizations and the public, subject to responsible-disclosure norms. The m…
Vida Global Inc. sold 3.75 million Class A shares at $4.00 each in an initial public offering that closed on May 18, raising $15 million. The company’s shares began trading on May 15 under the ticker VIDA; the SEC cleared its registration statement on May 14. Vida positions its platform as model-agnostic and serves enterprise customers directly and…
Labor talks between BP and the United Steelworkers over the future of the Whiting, Indiana, refinery restarted on Monday with no agreement reached. Approximately 800 unionized workers have been locked out since March 19. BP says the lockout must remain in place for talks to continue; the union says the company is pressuring employees and families t…
Iron Dome Acquisition I Corp. completed a $150 million initial public offering by selling 15 million units at $10 each. The special purpose acquisition company began trading its units on the Nasdaq Global Market on May 15, 2026, and expects its Class A shares and warrants to trade separately under the ticker symbols IDAC and IDACW once separation o…
