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
The U.S. Department of the Interior has reached a settlement with power developer Invenergy to terminate four offshore wind leases situated off the coasts of New York, California and Maine. As part of the agreement, the Interior will refund $765 million to Invenergy. The company says it will allocate the funds toward new natural gas plants in the M…
Regenxbio stock climbed sharply in mid-day trading after a regulatory clarification affecting the gene therapy space eased investor concerns about the company’s pathway to approval for its Duchenne therapy RGX-202. A separate firm’s meeting with the FDA established that multi-year Phase I/II data can serve as the primary basis for a Biologics Licen…
Shares of Baldwin Insurance Group fell 4.4% in mid-day trading to $17.86, stretching a decline that has taken the stock far below its 52-week high of $45.16. The move follows recent analyst price-target cuts, notably a reduction by UBS on June 9, together with sector-wide softness and the absence of a fresh positive catalyst. Elevated short interes…
Diageo's incoming chief executive, Dave Lewis, has instructed members of the company's executive team to pursue headcount reductions and broader cost savings as part of a restructuring plan. The directive assigned cost-reduction targets to the executive committee without specifying the number of roles to be cut, with the company expected to disclos…
Diageo’s new chief executive, Dave Lewis, has instructed members of the executive committee to pursue reductions in staff and other costs as he initiates a restructuring of the beverages group. Rather than naming specific roles to be cut, Lewis has assigned cost-reduction targets to senior executives. An internal announcement on the scale of job lo…
The U.S. Department of the Interior has reached a settlement with Invenergy to reimburse the company $765 million in exchange for terminating four offshore wind leases located off the coasts of New York, California and Maine. The developer plans to allocate the funds to build natural gas-fired power plants in four Midwestern states and to advance g…
Joshua Baer, founder and CEO of Capital Factory, died Tuesday after a business jet he was traveling on crashed near Laredo, Texas. Police said the aircraft, en route from San José del Cabo, Mexico, to Austin, went down on a highway around 10 p.m.; Baer was the only person killed. Capital Factory leaders say the organization remains fully operationa…
iHeartMedia shares fell 4.1% to $3.825 in mid-day trading, extending a multi-week decline that began after early-stage merger negotiations with SiriusXM stalled. Disagreement over how many broadcast stations would need to be divested to satisfy regulators was a central obstacle. The merger-driven premium that pushed IHRT higher after initial report…
JetBlue Airways plans to shut its flight attendant base at Newark Liberty International Airport and to close technical operations bases at Newark and LaGuardia airports this fall, according to a report. The moves are described as measures to cut costs and enhance service at Fort Lauderdale-Hollywood International Airport, where JetBlue is the leadi…
JetBlue Airways will close its Newark flight attendant base and shut down technology operations at both Newark and LaGuardia this fall as part of a cost-cutting initiative that also aims to bolster service at its Fort Lauderdale hub. The carrier says affected staff can bid or transfer to other bases and will not lose their jobs. Earlier this year J…
HSBC has published a set of top stock ideas for the Europe, Middle East and Africa region, spotlighting companies in telecommunications, materials, real estate, energy infrastructure and mining. The bank's list favours firms with expected earnings growth, improving capital returns and structural tailwinds, and calls out specific catalysts such as d…
Nippon Steel's leadership expects U.S. Steel to record profits above 100 billion yen ($624 million) this year, citing robust U.S. pricing, restarted capacity and tariff protections. Management sees potential for higher near-term earnings through 2027 and projects long-run annual profit of 300-400 billion yen, while pursuing operational improvements…
Special-purpose acquisition companies (SPACs) are re-emerging as a viable path to public markets as a cluster of expected blockbuster IPOs draws investor attention toward a handful of headline deals. With hundreds of SPACs holding substantial committed capital and a recent uptick in announced mergers, smaller and mid-sized firms in sectors such as …
Mutares SE & Co. is evaluating strategic options for its Portuguese engineering unit, Efacec, with advisers including JPMorgan Chase & Co. assisting the process. Options under consideration reportedly include a public listing in Lisbon or a straight sale. The unit has drawn preliminary interest from potential buyers, while valuation scenarios cited…
Nippon Steel’s leadership says the American steel market is providing a powerful lift to U.S. Steel’s near-term and long-term profit outlook. Vice Chairman Takahiro Mori pointed to elevated U.S. prices, import protections and resilient demand as drivers that could push U.S. Steel to post more than 100 billion yen in profit this year and substantial…
Saudi Aramco is examining further disposals across its infrastructure portfolio, including a potential minority stake in its sulphur operations and other asset classes, to raise tens of billions of dollars for the kingdom's diversification plans. Multiple people with direct knowledge of the matter said the programme could tap assets worth roughly $…
Volkswagen's initiative to transfer its Osnabrueck plant to Israeli defence contractor Rafael faces complications after Qatar's sovereign wealth fund, the Qatar Investment Authority (QIA), raised concerns tied to the Gulf state's relationship with Israel. The QIA holds 17% of VW voting rights, has two seats on the carmaker's supervisory board and i…
Italy's competition regulator opened a preliminary investigation on Tuesday into Apple for potential non-compliance with interoperability obligations under the European Digital Markets Act. The authority says it has evidence that rival consumer cloud providers do not appear to have access to the same hardware and software components on iOS and iPad…
Berenberg has grown more cautious on IT services names as artificial intelligence reshapes demand dynamics. The bank downgraded Cognizant to Hold and trimmed its price target, while keeping Accenture on Buy but lowering its target and reiterating a Hold on Capgemini. The firm warned that AI could depress billable hours and pricing for legacy outsou…
The administration is reportedly preparing a federal definition of ultra-processed foods that would exempt products meeting existing FDA criteria for 'healthy' claims and infant formulas. The draft is expected to identify specific additives and artificial colors as markers of ultra-processing, while regulators aim to avoid unintended classification…
Barclays' nowcast model estimates UK job vacancies at 673,000 for the three months ending May 2026, marking a notable decline from the model's prior period estimate and below the actual December-February level. Single-month daily-data nowcasts for May register 637,000 vacancies and reinforce the easing trend, while survey data from KPMG/REC shows p…
PARIS, June 17 - OVHcloud announced plans to develop frontier artificial intelligence models from the ground up, positioning itself as a potential European rival to Mistral. CEO Octave Klaba told attendees at VivaTech that improvements in chips, training approaches and synthetic data have significantly reduced development costs and that the company…
ASML’s chief executive warned that while large-scale fabrication projects such as Elon Musk’s Terafab present growth opportunities, the company must guard against supply limitations when supporting new, major fabs. ASML is the sole supplier of the advanced lithography machines required for cutting-edge AI chip production and has said this month it …
TD Cowen reaffirmed Marathon Petroleum Corporation as its leading pick in the refining sector following an investor event at the companys Garyville refinery. The firm cited continued scope for value-chain optimization and on-schedule projects that are boosting production and are expected to lift refining capture rates. TD Cowen projects high free …
Canada’s benchmark equity indices traded higher on Wednesday as investors positioned ahead of a pivotal Federal Reserve policy decision and monitored emerging details of a U.S.-Iran interim framework. The S&P/TSX composite and S&P/TSX 60 each rose about 0.6%, building on record territory reached in the prior session. U.S. major averages were mixed …
