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.
20,610 total articles
Shares of eLong Power Holding Ltd plunged sharply in premarket trading after the company announced a best-efforts registered offering of 4,615,500 units at $1.30 per unit. Each unit includes one Class A ordinary share and one warrant exercisable at $1.30, a structure that will dilute current equity holders. The offering is expected to raise roughly…
Jiuzi Holdings Inc. (NASDAQ:JZXN) saw premarket gains after its unit, Jiuzi New York Inc., signed a Memorandum of Understanding with a technology company that runs an AI development platform. The MoU sets out a framework for joint work on AI analytics for imaging, cloud and data management, and explores blockchain approaches for decentralized image…
Starbucks said early Friday it will eliminate 300 corporate positions across U.S. regional support offices and close several such facilities as part of a broader consolidation and cost-reduction push. The company is also reviewing international support organizations and anticipates additional job cuts outside the United States. Starbucks said the c…
Samsung Electronics has initiated protective measures at its Pyeongtaek memory complex as talks with its union remain deadlocked ahead of a planned strike beginning May 21. Management has begun a controlled warm down of DRAM production lines and removed thousands of wafer storage pods to safeguard equipment and work-in-progress inventory. Analysts …
Babcock & Wilcox Enterprises Inc (NYSE:BW) saw its stock decline about 12.6% in premarket trading after the company priced an underwritten public offering at $18.50 per share. The sale will issue 10,810,811 shares and is expected to produce roughly $200 million in gross proceeds before underwriting fees. Proceeds are planned for prepaying amounts u…
Centrica shares fell sharply after British Gas, its wholly owned subsidiary, agreed a regulatory settlement with Ofgem over the forced installation of prepayment meters in vulnerable customers' homes. The settlement covers activity from February 2018 to February 2023 and includes a £20 million payment into Ofgem’s voluntary redress fund and the wri…
Morgan Stanley now anticipates the Federal Reserve will leave interest rates unchanged for the remainder of 2026, and expects two reductions in March and June 2027. The bank revised its earlier timetable - which had called for cuts beginning in January 2027 - after assessing inflation dynamics tied to tariff effects and recent data on retail spendi…
Freenet AG NA stock climbed 3.14% to €25.97 after the company reported first-quarter 2026 results that exceeded analyst medians across revenue, profitability and cash generation. Adjusted EBITDA, gross profit and adjusted free cash flow all came in ahead of consensus, while management reiterated full-year targets. IPTV growth and the integration of…
WEX Inc. shares climbed 2.6% in premarket trading on Friday after the company’s board authorized a share repurchase program allowing up to $1 billion in common-stock buybacks. The program has no set expiration, can be executed through multiple methods and may be modified or suspended. The board also appointed independent director David Foss as Chai…
Two leading prediction market venues, Kalshi and Polymarket, have reported a steep increase in trades flagged as suspicious this year as trading activity surges. Platforms are tightening controls and updating rules while regulators and lawmakers press for clearer oversight of markets that allow binary betting on political, economic and geopolitical…
Nagarro SE shares fell sharply after the company reported first-quarter 2026 results that showed only 0.5% year-on-year revenue growth in euros, despite 6.5% growth on a constant-currency basis. While margins and adjusted EBITDA improved modestly, the quarter delivered a negative swing in operating cash flow and a decline in the number of clients c…
Aardvark Therapeutics Inc. (AARD) saw its stock tumble in premarket trading after the U.S. Food and Drug Administration instituted a full clinical hold on the company's investigational new drug application for ARD-101. The hold affects all studies under the IND, including two Phase 3 trials, and was prompted by safety findings in healthy volunteer …
Executives and major shareholders disclosed a series of material insider transactions on Thursday, spanning large buy orders by Biglari Holdings' Sardar Biglari and affiliated entities, significant purchases by Fairfax Financial at Under Armour, and a string of insider buys at several smaller-cap companies. At the same time, executives at Illumina,…
Long-term U.S. Treasury yields moved higher on Friday after oil prices rallied and fresh inflation readings showed accelerating price gains. The 2-year note and the benchmark 10-year Treasury each climbed to levels not seen since early to mid-2025, as data pointed to rising consumer and producer price pressures and geopolitical remarks added to ene…
Saudi Aramco is preparing a broad divestment program that could raise up to $35 billion by selling minority stakes in selected energy facilities and real estate, according to people familiar with the matter. The privatization push follows an $11 billion lease agreement signed by a BlackRock Inc.-led group for some natural gas facilities, and comes …
Stifel raised its price target on Texas Instruments to $340 from $290 after meetings with the chipmaker’s investor relations team. The broker highlighted a widening industrial recovery and a rapidly growing Data Center business that together, plus expanded U.S.-based manufacturing capacity, could enable a valuation re-rating toward $1 trillion if m…
Shares of Hiscox Ltd rose sharply after market reports suggested Intact Financial is exploring an offer for the specialist British insurer. Sources at an industry conference said Intact, fresh from integrating recent acquisitions, is evaluating further expansion in the UK commercial insurance market. Neither company has confirmed the reports and no…
Magnum Ice Cream Nv (NYSE:MICC) saw its shares climb sharply in U.S. premarket and European trading after reports that private equity firms are exploring bids. Blackstone and Clayton, Dubilier & Rice are reportedly in early-stage evaluations, with other buyout groups also registering interest. Market participants are awaiting the company’s summer s…
Diageo confirmed the exits of several senior executives as Chief Executive Officer Dave Lewis moves quickly to reshape the drinks group following a notable decline in North American organic net sales. The company is consolidating regional divisions and Lewis will unveil a comprehensive turnaround plan on Aug. 6.
Major private credit managers and business development companies have recorded widespread markdowns across their loan portfolios in the first quarter, driven by market spread widening, borrower-specific issues and investor concerns about disruption. Aggregate fair-value measures declined, leaving roughly $1.2 billion of investments below amortized …
Papa John’s stock jumped sharply in pre-market trading after Nadeem Bajwa, the chain’s largest U.S. franchisee, joined Irth Capital in a proposal to take the company private. The bid, which offers $47 per share and represents a 44% premium to the most recent close, includes a commitment from Bajwa to make a "significant investment". The combination…
Dominari Holdings said its early direct investment in AI-chip maker Cerebras Systems returned about nine times the initial capital after Cerebras’ May 14 IPO. Dominari Securities’ special purpose vehicles invested roughly $10 million at $39 per share, and with Cerebras shares closing at $311.07 on the first trading day, the firm estimates about $20…
Dominari Holdings reported that its early investment in AI chipmaker Cerebras Systems produced roughly nine times the initial outlay following Cerebras' May 14 initial public offering. The firm’s special purpose vehicles invested about $10 million at $39 per share; Cerebras opened at $185 and closed at $311.07 on debut, producing an estimated $20 m…
Raymond James upgraded Arista Networks to Outperform and set a $164 price target, citing stronger growth potential in 2027 and beyond as the company expands into AI workloads and captures share across cloud AI back-ends and enterprise campus networks. The firm highlighted Arista's network intelligence capabilities and noted supply-chain timing issu…
On May 15, Gemini Space Station shares rose more than 20% in premarket trading after the company reported a smaller-than-expected quarterly loss and the founders injected $100 million into the business via their family investment vehicle, paying $14 per share in bitcoin. The results show revenue growth but also highlight continued operational and l…
