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.
30,013 total articles
Smartbird announced the completion of the sale of its Allbirds footwear assets and the appointment of Nadia Carlsten as president and chief executive officer, a move that sent the stock up 25% on Wednesday. The company also enlarged its convertible financing facility from $50 million to $100 million to support its transition to a dedicated AI infra…
Leonardo Maria Del Vecchio, chief strategy officer at EssilorLuxottica and president of the Ray-Ban brand, is pursuing financing options, including private debt, to fund a proposed €10 billion transaction that would make him the largest shareholder in family holding company Delfin. The move would raise his stake to 37.5% and comes as Delfin remains…
Wolfspeed Inc. climbed 9.4% in morning trading after a pullback in the prior session that was driven by dilution concerns tied to an S-1 registration filing. Investors appear to be prioritizing a memorandum of understanding with GE Aerospace to co-develop high-voltage silicon carbide power modules and the company’s fifth-generation SiC technology p…
Applied Materials shares jumped sharply after Citi lifted its price target and projected a much larger wafer fab equipment market out to 2028. The stock rally was amplified by Applied Materials' introduction of SENZ, an integrated visual platform for AI-enabled smart glasses, and three industrial partnerships that expand the company's addressable m…
Ormat Technologies shares moved sharply lower in morning trading after Bernstein SocGen Group began coverage with an Underperform rating and a $115 price target, roughly 14% beneath the stock's previous close of $133.96. The note, led by analyst Sunaina Ocalan, highlighted conventional geothermal exploration risk, concerns about competition from en…
Stocks across market-cap ranges moved sharply on Wednesday, with semiconductor equipment and storage names among the biggest winners and a mix of technology, consumer and SPAC issues showing both strong gains and notable declines. Applied Materials and Lam Research were among the notable risers, while Facebook (Meta) and several small-cap listings …
Stem Inc. (NYSE:STEM) saw its shares rise 4.8% on Wednesday after unveiling AIONA, a new AI services platform intended to help energy-sector organizations identify high-value AI use cases and deploy production-grade solutions. The service builds on Stem's existing AI and optimization capabilities in its PowerTrack platform and emphasizes assessment…
Qantas Airways has confirmed London as the first endpoint for its planned approximately 20-hour nonstop flight from Sydney, part of Project Sunrise. Tickets are slated to go on sale in February, with service due to begin in October 2027. The initiative will later extend to New York using modified Airbus A350-1000ULR aircraft and forms part of a lon…
BitGo Holdings Inc. (NYSE: BTGO) saw its stock rise sharply after the board approved a share repurchase program of up to $50 million. The move, effective immediately with no set expiration, is intended to reflect the board's view that intrinsic value exceeds the current market price and will be funded from existing cash and cash equivalents.
Genius Group Ltd. (GNS) saw its shares climb after announcing the cancellation of 20 million Class A Ordinary Shares returned under an Asset Purchase Agreement with Entrepreneur Resorts Ltd. The cancellation, combined with an earlier repurchase, cuts into the company’s issued capital and public float and leaves management pursuing remaining buyback…
Kratos Defense & Security Solutions reported completion of a cross-country autonomous tractor-trailer platooning deployment that moved race equipment from Charlotte, North Carolina to Naval Base Coronado for the NASCAR Anduril 250. Shares rose 2.6% on the news. The operation, performed with Champion Tire & Wheel, expands a prior 2025 auto-platoonin…
Avalyn Pharma Inc. (NASDAQ:AVLN) said it has hit its target enrollment of 375 patients in the global Phase 2b MIST trial of AP01, an inhaled formulation of pirfenidone for progressive pulmonary fibrosis. Shares climbed 3.5% on the announcement. The company plans to report 12-month topline results in the second half of 2027.
Wolfe Research projects a stronger-than-expected second quarter for Tesla on unit deliveries, automotive margins and earnings, but stresses that the market’s longer-term valuation depends heavily on the company’s ability to execute on robotaxi and humanoid robotics ambitions amid intensifying competition.
Stellantis is in negotiations with two prospective partners to jointly operate its Maserati luxury marque, Chief Executive Antonio Filosa told lawmakers at a parliamentary hearing. The company reiterated that Maserati and the Cassino plant are not for sale and that any cooperation will follow a model in which Stellantis retains a 51% stake. Filosa …
Luigi Mangione, accused of fatally shooting UnitedHealthcare insurance chief Brian Thompson in Midtown Manhattan in December 2024, will tell a state jury he acted under a claimed state of "extreme emotional disturbance," a judge disclosed during a court hearing. Mangione faces separate federal charges that were partly dismissed by a U.S. District J…
Sphere Entertainment's stock climbed early after company updates confirmed sustained box office demand at its flagship venue and unveiled a new immersive production slated for 2027. The combination of a ticket-sales milestone and a content pipeline expansion prompted an analyst to raise his price target, supporting a fresh 52-week high even as broa…
Tata Motors Passenger Vehicles sank 8.1% to 361.70 rupees on Wednesday, marking its largest single-day fall since August 2024. The drop followed Jaguar Land Rover’s medium-term guidance for fiscal 2027 - revenue of 26 billion pounds, an EBIT margin of 4%, and operating cash flow at break-even - which appears to have fallen short of investor expecta…
The BBC announced plans to cut 550 posts across its news and content divisions as part of a broader program to achieve £500 million in savings over the next three years under new director-general Matt Brittin. The measures include changes to news programming and production structures and form part of a package that will deliver about £160 million o…
Carvana (CVNA) shares declined about 6% after CarMax (KMX) released first-quarter results that, while beating earnings and revenue estimates, revealed lower used-vehicle gross profit per unit, rising acquisition costs and greater consumer credit strain. Investors reacted to the potential for similar pressures at Carvana, pushing both stocks lower.
ASML stock climbed to a 52-week high after Intel announced that its enhanced 18A-P process node entered risk production at the 2026 VLSI Symposium. The development, which Intel says preserves design-rule compatibility with 18A while delivering notable performance, power, and thermal benefits, raises the prospect of increased demand for ASML’s exclu…
June 17 - EigenQ agreed to go public by merging with blank-check company Silicon Valley Acquisition in a transaction that places the quantum technology company at about a $3 billion valuation. The firm develops post-quantum cryptography and quantum-safe networks aimed at protecting data and communications from the future threat posed by powerful qu…
Jabil Circuit shares jumped sharply after the company delivered fiscal third-quarter results that beat expectations across revenue, adjusted EPS, margins and free cash flow, and raised full-year guidance on widening AI infrastructure demand. Fresh analyst price-target increases and a planned manufacturing alliance in India with the Adani Group adde…
Jefferies says the UAE real estate sector is shifting into a new phase following the Iran incident, with Abu Dhabi expected to weather the medium-term transition more strongly than Dubai. After a rapid post-COVID expansion that propelled the market to $290 billion in 2025, indicators in Dubai show price and volume declines while Abu Dhabi’s market …
Turkiye Halk Bankasi shares inched up following a U.S. judge's formal dismissal of a nearly nine-year-old criminal indictment. The move followed a March Deferred Prosecution Agreement and a June joint petition filed after the bank timely delivered required compliance reports to U.S. authorities, removing a major legal overhang that had weighed on t…
Snap shares dropped again in morning trade, extending losses after the company unveiled its standalone SPECS augmented reality headset at the Augmented World Expo. Analysts expressed caution about the product's steep $2,195 price and potential adoption limits, while activist investor Randian Capital continues to press for strategic options for the …
