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.
30,011 total articles
Redemption requests from investors in Oaktree Capital Management's Strategic Credit Fund declined to 4.5% in the second quarter, under the fund's 5% quarterly limit. The roughly $7 billion vehicle met all withdrawal demands, even as other large asset managers implemented caps. A shareholder letter cited growing investor selectivity and emphasis on …
Innodata said Jayant Chauhan will join as Executive Vice President and Chief Financial Officer on July 6, 2026, prompting a modest after-hours share rise. The company reiterated its full-year 2026 revenue growth outlook of approximately 40% or more year-over-year and announced an internal finance leadership realignment.
Steel Dynamics said its second-quarter 2026 earnings outlook missed consensus as the company recorded a $16 million write-down tied to relocating an aluminum slab center. The steelmaker expects stronger steel profitability and recovering aluminum results, repurchased $170 million of stock in Q2, and will report full results after market close on Ju…
Shares of Legend Biotech fell 4.7% in after-hours trading Wednesday after the company disclosed an underwritten public offering of American Depositary Shares totaling $225 million. Each ADS represents two ordinary shares; the company is offering all ADSs and has granted underwriters a 30-day option to purchase up to an additional 15% of the shares …
U.S. stock indexes finished lower on Wednesday, dragged down by losses in the Consumer Services, Telecoms and Consumer Goods sectors. The Dow Jones Industrial Average fell 0.97%, the S&P 500 slipped 1.21% and the Nasdaq Composite dropped 1.35%. Individual winners included Caterpillar and Moderna, while Salesforce, Microsoft and Amazon were notable …
Canadian equities closed lower on Wednesday, with the S&P/TSX Composite retreating 0.75% as losses in Industrials, Materials and Energy weighed on the market. While several names posted gains, including Gildan Activewear, MDA Ltd and Great-West Lifeco, declines outnumbered advances by nearly two to one. Volatility rose, and key commodity contracts …
Brazil's benchmark Bovespa index closed down 0.70% on Wednesday, marking a fresh three-month low. Losses were concentrated in Basic Materials, Real Estate and Consumption sectors. While select names including Cosan, Embraer and BB Seguridade posted gains, several steelmakers and Natura & Co plunged, contributing to negative breadth across the excha…
Alkermes Plc shares climbed after positive phase 2 data for alixorexton, an oral selective orexin 2 receptor agonist under investigation for narcolepsy type 2. The Vibrance-2 study, enrolling 93 adults, met both primary endpoints at week eight with meaningful improvements on objective and patient-reported measures of wakefulness and excessive dayti…
Rumble Technologies announced after-hours that it will rebrand as RUM Group Inc. following the completion of its acquisition of Northern Data AG. The company will organize into two main units - Rumble, the video platform, and Quake AI, the cloud and AI-infrastructure business - combining CPU and GPU compute capacity and a substantial pipeline of un…
Evercore ISI kept its Outperform rating and $930 price target on Meta Platforms following the company's introduction of paid consumer and business subscription plans across its Family of Apps and the Meta One AI subscription lineup. The firm views the initiative as a diversification of revenue with the potential to add modest top-line gains and a m…
German engineering firm Bosch agreed to a $36 million settlement with the U.S. Commerce Department for exporting more than $70 million in sensor products and phone software to China’s Huawei without the required U.S. license. The shipments occurred over 100 occasions from 2020 to 2024, and the U.S. Justice Department closed its parallel probe witho…
Shares of Logistic Properties of the Americas surged more than 40% after the company announced a $145 million divestiture of Parque Logístico Lima Sur to FIBRA Prime. The deal, pending regulatory approvals, is expected to produce $85 million in net proceeds for LPA after debt repayment and before taxes, and supports the company’s stated book value …
Apple is developing a second-generation iPhone Air, codenamed V62, targeted for a spring 2027 release. The device is in advanced testing and is expected to adopt a dual-camera system with an ultrawide lens and a version of the A20 Pro chip. Apple is also evaluating battery improvements and has adjusted its product rollout, concentrating premium lau…
Moody's Investors Service raised ICU Medical's ratings to Ba3 from B1, upgrading the corporate family rating, probability of default rating and senior secured bank credit facilities, while keeping a stable outlook. The agency expects adjusted debt to EBITDA to stay below 4.0x over the coming year driven by low single-digit revenue growth, robust fr…
Mingteng International Corp. shares tumbled 32.4% after the company priced a registered direct offering at $2.00 per share and issued related warrants in a concurrent private placement. The transactions are expected to raise roughly $2.96 million in gross proceeds, with the company stating proceeds will support working capital and general corporate…
Bernstein analyst Cristian Rios views current weakness in consumer packaged goods as cyclical rather than structural and identifies functional beverages, led by energy drinks, as the primary growth avenue. The firm ranks a slate of CPG names, assigning Outperform ratings to Celsius Holdings and Keurig Dr. Pepper while assigning Market-Perform to a …
TOMS Capital Investment Management has built a significant stake in Devon Energy and is urging the shale producer to accelerate asset disposals or explore a sale of the company, according to people familiar with the situation. The push comes as Devon integrates Coterra Energy following a $58 billion merger completed in May and begins a strategic re…
Options activity in Sezzle Inc. climbed to 9,087 contracts by 2:50 p.m. New York time on Wednesday, with call options dominating the flow. The July 17, 2026 $190 call saw the heaviest single-strike volume, while a multi-leg collar with May 21, 2027 expirations also accounted for a notable portion of trades.
Skillsoft Corp (NYSE: SKIL) Class A shares climbed 16.9% on Wednesday after company director Jim Frankola reported two insider purchases totaling 50,000 shares. SEC filings show the transactions occurred on June 12 and June 15 at weighted average prices of $6.06 and $6.05 respectively. Separately, Chief Financial Officer Ronald W. Kisling received …
Block Inc. unveiled Builderbot, an AI orchestration system that integrates with Slack to coordinate multiple AI agents across the company’s codebase. The tool performs hundreds of thousands of operations daily, merges roughly 1,500 pull requests weekly and accounts for about 15% of Block’s production code changes while operating exclusively on sour…
Stellantis CEO Antonio Filosa told Italian lawmakers that the automaker is negotiating with two potential partners to support its Maserati brand. Filosa said the partnership choice will have implications for plants that build Maserati vehicles, while reiterating that neither Maserati nor the Cassino plant are for sale. A new Maserati plan is due in…
BMO Capital Markets has updated its U.S. chemicals coverage and designated Solstice Advanced Materials (SOLS) as a Top Pick, increasing its price target to $101 after reviewing the company’s uranium platform and related presentation by company and ConverDyn executives. The firm cites secular growth potential and raised its target multiple based on …
Meta Platforms shares fell sharply after a collective lawsuit filed in Milan by Italian families accused Facebook and Instagram recommendation algorithms of harming minors, including contributing to the suicide of a 12-year-old girl. The case adds to a mounting array of legal challenges in the U.S. and abroad, and investors are factoring in heighte…
Stocks across market-cap tiers moved sharply on Wednesday as company announcements, analyst coverage changes and regulatory developments pushed some names higher and drove others lower. Mega-cap chipmakers showed broad strength while a handful of large- and small-cap names posted double-digit gains or losses tied to corporate news, analyst upgrades…
A set of key U.S. economic data will be released on Thursday, June 18, 2026, led by the Philadelphia Fed Manufacturing Index and weekly Initial Jobless Claims. Market participants will also see updates on continuing claims, various components of the Philly Fed survey, Baker Hughes rig counts, TIC flows, and Federal Reserve balance sheet figures. Th…
