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
S&P Global Ratings reaffirmed Algoma Steel Inc.'s issuer credit rating at 'CCC+' and adjusted the outlook to stable from developing, while keeping a 'B-' issue-level rating on the company's senior secured second-lien notes due 2029. The agency projects negative adjusted EBITDA for 2026 but expects a return to positive EBITDA in 2027 as electric-arc…
Pelthos Therapeutics shares climbed after a Form 4 filing showed director Todd C. Davis bought about 35,948 shares for nearly $1 million on June 11, 2026. The filing, made public June 15, revealed weighted average purchase prices between about $27.80 and $28.73. The insider transaction, Davis' second-largest of six purchases, coincided with a favor…
TD Cowen analyst Oliver Chen has elevated Walmart to his top pick for 2026 after meetings with company investor-relations leaders and the head of Walmart International. Chen points to stronger price leadership, a tougher outlook for traditional grocery that favors share capture, and an accelerating digital profit engine encompassing delivery, adver…
Goldman Sachs said it has advised on more than $1 trillion of announced mergers and acquisitions in the first half of 2026, a half-year record for any investment bank, according to a LinkedIn post citing Dealogic. The milestone follows the firm’s role as lead left underwriter on SpaceX’s landmark initial public offering. Goldman also reported a sha…
Potential Tropical Cyclone One formed off the Texas coast and is being monitored by the U.S. National Hurricane Center. Located about 65 miles (105 km) southwest of Corpus Christi with maximum sustained winds of 30 mph (45 km/h), the system could become Tropical Storm Arthur if it strengthens. Forecasters warn of 4 to 8 inches of rain, isolated tot…
Options trading in Northern Oil & Gas Inc. (NOG) spiked to 3,687 contracts at 2:31 p.m. New York time on Tuesday, with calls comprising the bulk of volume. The session featured a heavy block in a December 17, 2027 $20 call and a sizable diagonal spread combining September and June 2026 call series.
Volkswagen has announced a reduction in production of the T‑Roc Cabrio SUV at its Osnabrueck, Germany plant, extending a holiday closure and adding production-free days. The compact convertible is to be made at the site through next year, but Volkswagen has no confirmed plan beyond that date. Employee representatives said the move increases uncerta…
Volkswagen will scale back production of its T-roc Cabrio compact convertible at the Osnabrueck factory, extending a holiday shutdown and adding production-free days as the company attributes the move to seasonal demand for convertibles. Production will continue through next year, but there are no confirmed plans for the plant beyond that. Employee…
A private Reconstruction and Development Fund worth $300 billion is outlined in the U.S.-Iran framework agreement, with more than half of the capital already committed by companies across multiple regions, a source with direct knowledge told Reuters. The fund is intended to create economic incentives for both parties to finalise a comprehensive dea…
Trading on Tuesday produced notable moves across market-cap tiers, with SpaceX and Moderna among the strongest gainers while Intel and Planet Labs were among the larger decliners. Gains were concentrated in select technology, biotech and small-cap names, while semiconductors and several mid-cap industrials showed weakness. The list below catalogs t…
A cyber extortion collective identifying itself as FulcrumSec posted claims that it removed roughly 1.3 terabytes of data from Novo Nordisk after spending more than two months inside the company's networks. The group says it sought a $25 million payment that the company did not meet and is now exploring private sales of parts of the material while …
Moderna Inc shares climbed sharply on Tuesday after U.S. Food and Drug Administration staff released favorable assessments of the company’s investigational flu vaccine, mFlusiva. The briefing documents highlight a strong immune response in older adults and superior relative efficacy in adults 50 to 64, and were published ahead of an advisory commit…
A surge in post-pandemic demand for private golf-club memberships is driving elevated M&A activity in the luxury club sector. Apollo Global Management has sold Invited Clubs, North America’s largest private country-club operator, to KSL Capital Partners in a transaction valued at roughly $3 billion including debt. The deal reflects stronger members…
A proposed class action filed in Delaware's Chancery Court asks a judge to block a July 7 shareholder vote on a $35 billion compensation arrangement for GameStop CEO Ryan Cohen until shareholders receive full and accurate disclosures. The complaint alleges the board altered voting procedures and issued a misleading proxy that could allow Cohen and …
Guggenheim has identified Abivax as its top idea in the biotechnology sector ahead of a pivotal Phase III data readout scheduled for the end of June. The firm emphasized management’s detailed disclosure plan covering topline safety, combined exposure-adjusted incidence rates from Phase II/III, and maintenance efficacy. While Guggenheim sees the set…
Tamil Nadu’s pollution regulator has closed its inquiry into Tata Electronics’ Hosur facility after the supplier provided test results and responses that satisfied the board’s queries. The plant, which makes back panels and other iPhone components, was investigated following farmers' complaints about wastewater overflow and potential groundwater co…
Snap introduced its inaugural consumer augmented-reality glasses, called Specs, priced at $2,195 and announced at the Augmented World Expo in Long Beach, California. The device projects digital content into the wearer’s view, aims to bridge the gap between wearable comfort and headset capability, and ships this fall in select markets. The launch co…
General Motors and Lockheed Martin announced a cooperative arrangement intended to expand U.S. defense industrial capacity. The collaboration, facilitated by the U.S. Department of Defense, will concentrate on three areas: improving production readiness, reinforcing supply chains and applying advanced manufacturing and design methods. Both companie…
Pelthos Therapeutics Inc saw its stock rise 5.7% on Tuesday after director Todd C. Davis purchased 35,948 shares on June 11 in multiple trades, paying roughly $999,980 at weighted average prices between $27.8046 and $28.7261. The filing details the executed trades, Davis' direct and indirect holdings, and the breakdown of the two reported transacti…
Inspecs Group plc and Qualcomm Technologies have agreed a commercial partnership and a minority investment that will see Qualcomm take new ordinary shares in Inspecs and work with the eyewear group to develop connected smart-glasses technology. The transaction and collaboration are intended to combine Qualcomm’s device expertise with Inspecs’s desi…
Snap Inc. introduced SPECS, a pair of self-contained augmented reality glasses, at Augmented World Expo 2026. The device, offered for pre-order at $2,195 with a $200 refundable deposit, is slated to ship this fall in the United States, the United Kingdom and France. SPECS run without an external processing unit, feature dual Qualcomm Snapdragon pro…
Snap CEO Evan Spiegel said the company’s new augmented-reality glasses, called Specs, are an element of a long-term strategy and pushed back against an activist investor’s call to close or spin off the loss-making unit. The device, priced at $2,195, was introduced as a vision for future interaction with technology, and the hardware team was set up …
Equinix shares rose sharply after the company announced an expanded collaboration with Cisco and NVIDIA to deliver the Cisco Secure AI Factory with NVIDIA across Equinix’s global data center footprint, complemented by a Presidio-run lab for live AI testing inside Equinix sites. The deal introduces standardized AI infrastructure blueprints and autom…
Equinix announced an expanded collaboration with Cisco and NVIDIA to make Cisco Secure AI Factory with NVIDIA available across its data center footprint and will partner with Presidio to launch a Programmable AI Technology Hub (P.A.T.H.) Lab inside its facilities. The news coincided with a roughly 3.3% rise in Equinix shares on Tuesday.
Rivian Automotive has reduced its headcount by less than 2%, removing hundreds of positions concentrated in service, customer, sales and marketing functions. The company said the move is part of a restructuring intended to lower costs and boost efficiency while it continues working toward profitability. The personnel reductions follow multiple roun…
