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.
30,006 total articles
Meta Platforms Inc. has arranged to acquire computing capacity for its artificial intelligence initiatives from data center developer Crusoe at two locations in the U.S. The agreements cover combined capacity of about 1.6 gigawatts at sites in Childress, Texas and Warrenton, Missouri. Financial terms and the timetable for delivery were not disclose…
Canada's S&P/TSX Composite closed lower, down 0.44%, pressured by losses in Materials, Information Technology and Energy. While a handful of stocks posted sizable gains - led by Toromont Industries - decliners outpaced advancers on the Toronto exchange. Volatility measures eased and key commodity prices moved lower.
Brazil's stock benchmark closed lower on Thursday, retreating 0.10% to a fresh three-month low as weakness in Basic Materials, Consumption and Financials offset gains in select industrial and utilities names. Market breadth was narrowly negative, volatility gauges rose and key commodity and currency instruments moved notably during the session.
Fitch Ratings has assigned Space Exploration Technologies Corp. a BBB+ Long-Term Issuer Default Rating and the same rating for its senior unsecured revolving credit facility, with a stable outlook. The agency pointed to SpaceX’s commanding market share in commercial launches, expanding connectivity and terrestrial AI-compute revenues, and substanti…
Shares of Marvell Technology surged after reports that Amazon Web Services is discussing selling its Trainium AI processors to outside customers for use in their own data centers. As the lead design and manufacturing partner on Trainium, Marvell is seen as an immediate potential beneficiary. The development lifted volumes in Marvell stock and also …
Student Living EduVation (Holdings) Corporation has filed to offer 6,250,000 ordinary shares on the Nasdaq Stock Market with a proposed price range of $4.00 to $6.00 per share. The company, incorporated in the Cayman Islands, conducts its operations primarily through its wholly-owned Hong Kong subsidiary and will remain a controlled company after t…
Jefferies identified six suppliers the firm believes are well positioned to capture value from a mix of higher production rates, aftermarket demand and industry consolidation. The list emphasizes companies with strong market positions, pricing power and diversified revenue streams, naming Heico, Howmet Aerospace, TransDigm, Woodward, Loar Holdings …
Moody's Ratings has assigned a Baa1 long-term issuer rating to Space Exploration Technologies Corp., with a stable outlook. The rating balances recognition of SpaceX's market leadership in orbital launches and the dominance of Starlink in low earth orbit broadband with noted execution and financial risks tied to the company’s AI infrastructure expa…
Meta Platforms has lobbied for federal legal immunity from state-law claims alleging harm to children tied to social media products such as Instagram. The company offered proposed language that would bar state lawsuits and preempt state child-safety and privacy laws as part of negotiations around the Kids Online Safety Act (KOSA). Lawmakers have no…
Northrop Grumman shares dropped 5.8% to $518.43 after the United States and Iran signed an interim memorandum of understanding intended to halt nearly four months of hostilities. The agreement, signed late Wednesday at the Palace of Versailles by President Donald Trump and Iranian President Masoud Pezeshkian, suspends military operations immediatel…
Shares of L3Harris Technologies sank sharply after Washington and Tehran signed an interim memorandum of understanding that calls for an immediate halt to hostilities and a 60-day window of structured negotiations. The diplomatic development pared the conflict premium that had been supporting defense stocks, outweighing recent company-specific news…
TD Cowen analyst Yaron Werber reiterates a Buy on Relay Therapeutics, identifying the company as his preferred small- to mid-cap idea. Werber points to zovegalisib (RLY-2608) as a potential best-in-class PI3Kα inhibitor with promising Phase 2 data in second-line PIK3CA-mutant metastatic breast cancer, an expanding program into first-line treatment …
Moody's Ratings confirmed Arbor Realty Trust's Ba2 corporate family rating and the Ba3 backed senior unsecured debt rating for Arbor Realty Sr, Inc., while revising the outlook to negative from stable. The change reflects deteriorating performance in the company's multifamily loan book, an extended timeline to resolve non-performing assets, and wea…
Penske Media Corp has acquired Vox Media and reorganized the enlarged group under a newly formed subsidiary, PMX. The acquisition adds editorial properties such as The Verge and Punch to Penske’s existing roster, which includes Rolling Stone, Billboard and Variety. Financial terms were not disclosed; Penske was Vox’s largest shareholder prior to co…
Shares of several large U.S. defense contractors fell on Thursday following the signing of an interim memorandum of understanding between the United States and Iran. L3Harris, Northrop Grumman, Lockheed Martin, General Dynamics, Boeing and RTX all recorded declines after the agreement took effect earlier than expected and a 60-day negotiation perio…
Guggenheim Securities has designated ABIVAX Société Anonyme as its leading idea in the biotechnology sector and kept a buy rating as the company approaches the ABTECT Part Two maintenance study readout. The firm’s analysis centers on obefazimod’s malignancy profile in ulcerative colitis, finding non-melanoma skin cancer and non-NMSC event rates in …
President Donald Trump portrays his recent memorandum of understanding with Iran as superior to the 2015 Joint Comprehensive Plan of Action negotiated under President Barack Obama. The two documents differ sharply in length, detail, inspection regimes, timing of sanctions relief and the inclusion of regional security issues such as control of the S…
Options on Moderna Inc. (MRNA) traded at a volume of 121,257 contracts by 2:10 p.m. New York time today, with call activity substantially outpacing puts. The single most active contract was the June 18, 2026 $65 call. Several multi-leg call spreads tied to the June 18, 2026 expirations also registered large volumes.
Carolyn Rodrigues-Birkett, Guyana’s U.N. ambassador and a former foreign minister and schoolteacher, told a confirmation hearing that the United Nations remains indispensable and that member states share a duty to ensure it continues to deliver. Speaking as one of six contenders to succeed Antonio Guterres when his term ends later this year, she fr…
Thursday's session featured pronounced volatility across market-cap segments. Semiconductor and memory-related names led gains among mega- and large-cap stocks, while select professional services and biotech issuers recorded sizeable declines tied to discrete corporate developments. Smaller-cap listed companies produced some of the largest percenta…
The current Supreme Court term, running from October through late June, included a wide set of consequential disputes touching voting rights, the scope of presidential authority, immigration protections, federal agency power, and major corporate lawsuits. The court issued rulings in some matters and heard arguments in many others, with several deci…
The Chicago Mercantile Exchange has taken legal action against the Commodity Futures Trading Commission and its chairman, Michael Selig, asking a federal court to set aside recent approvals that permit Kalshi and Coinbase to offer perpetual futures. CME contends the contracts are swaps under Dodd-Frank and that the CFTC’s reclassification to future…
Bank of America singled out Cadence Design Systems and Synopsys as top investment candidates within the electronic design automation (EDA) software space, applying price targets tied to 2027 earnings multiples while noting industry headwinds such as multiple compression, geopolitical risk, and semiconductor demand variability.
Strategy Inc.'s common shares dropped sharply after its preferred security STRC fell to a record low, pushing the preferred below its $100 par value and prompting a halt to at-the-market (ATM) share issuance. The move limits the company's primary cash-raising channel for acquiring bitcoin and follows the firm's first sale of bitcoin to fund preferr…
Pfizer reiterated its 2026 revenue and adjusted diluted EPS guidance after disclosing that Chief Financial Officer Dave Denton will leave the company in August. Cecile Guegan will step in as interim CFO and the company will look both inside and outside for a permanent replacement. The reaffirmation preserves the firm's forecasted financial trajecto…
