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.
20,608 total articles
Uber has agreed to acquire roughly 4.5% of Delivery Hero for about €270 million, purchasing shares from Prosus at €20 apiece. The transaction is part of Prosus’s move to shrink its holding following regulatory constraints tied to its takeover of Just Eat Takeaway. After the purchase, Uber is expected to own about 7% of Delivery Hero; the company ca…
Taiwan's stock market finished higher on Friday, led by strong performances in the Machinery, Optoelectronic and Electronic Parts/Components sectors. The Taiwan Weighted rose 1.17% to close at a fresh all-time high. Several individual stocks posted double-digit percentage moves, while commodity and currency markets showed mixed action.
Manycore Tech Inc, a Hangzhou-based spatial artificial intelligence company, opened trading in Hong Kong with a dramatic rally after an IPO that was oversubscribed by roughly 1,591 times. Shares jumped as much as 171% from the initial offer price, trading near HK$18.40 by midday after pricing at HK$7.62. The company sold about 160.6 million shares …
Following the recent China Medical Equipment Fair (CMEF), Morgan Stanley identified five China-listed medical device companies it views as leaders based on product pipelines and commercialization approaches. The note emphasizes shifts toward AI-enabled services and consumables, expanded robotics portfolios, new regulatory approvals, and platform-le…
Sweden’s Ericsson posted first-quarter adjusted operating profit below analyst expectations, attributing the shortfall to rising semiconductor costs tied to AI demand and softer sales in North America. The company reported lower-than-expected sales but retains significant U.S. exposure after a major AT&T contract.
Shares of Taiwan Semiconductor Manufacturing Co. retreated in Taipei trading after a run of record highs and the company’s announcement of record first-quarter profit for 2026. Investor profit-taking combined with worries about supply disruptions for specialty chemicals from the Middle East and possible capacity constraints weighed on the shares, e…
Malaysia’s economy expanded 5.3% in the first quarter on a year-earlier basis, according to official advance estimates, marking a moderation from the 6.3% growth recorded in the previous quarter. Growth was supported by continued strength in manufacturing, services and construction, but mining and quarrying output fell amid lower crude oil and natu…
Honda plans to stop production at one gasoline-powered joint-venture plant in China in June and may suspend a second plant in 2027, a move that would cut Honda's petrol car capacity in China roughly in half and form part of a wider restructuring tied to an EV pivot. The company cites a steep sales decline in China and faces growing competition from…
Sanrio Co Ltd has suspended a managing director following an internal probe that determined the executive received improper compensation amounting to 'several hundred million yen' from a subsidiary they oversaw. The announcement sent shares down as much as 4% before some recovery. The company has engaged an independent organization to support a dee…
A proposed class action filed in a U.S. district court in Massachusetts contends that Circle Internet Group did not act to stop the transfer of roughly $230 million in USDC after the Drift Protocol was exploited for about $280 million on April 1. Plaintiffs say Circle both could and should have frozen the assets as they moved across blockchains via…
Kweichow Moutai saw its Shanghai-listed shares decline after reporting a modest slowdown in full-year growth for 2025, with revenue and net profit down year-on-year even as profitability and cash generation remained strong. The company also proposed an annual cash dividend of 27.99 yuan per share, while investors reacted to the weaker top- and bott…
Singapore's non-oil domestic exports rose 15.3% in March, the government agency reported, sustained by robust demand for electronics tied to artificial intelligence infrastructure. The increase is the seventh month of expansion, following a 4% gain in February, and contributed to a 9.6% rise for non-oil exports in the first quarter of 2026. Gains w…
AEVEX raised $320 million by pricing 16 million shares at $20 each in its U.S. initial public offering. The Solana Beach, California based defense contractor, which supplies airborne intelligence, surveillance and reconnaissance systems to the U.S. government and allied forces, will begin trading on the New York Stock Exchange under the ticker AVEX…
Asian equity markets slipped on Friday as investors took profits following a strong run earlier in the week, but the region remained on course for weekly gains. Optimism around possible U.S.-Iran diplomatic engagement and robust technology company results - notably in semiconductors - lent support to the rally that has driven several indexes toward…
Asian shares looked set to extend gains into a second week and global oil benchmarks slipped below $100 a barrel after signs of a temporary de-escalation in the Middle East. A 10-day Lebanon-Israel ceasefire and remarks about a potential meeting between U.S. and Iranian officials helped cool energy markets, even as the Strait of Hormuz remains clos…
Lupin's U.S. subsidiary has reached a $30 million settlement with insurer Humana over antitrust claims, while continuing to deny any unlawful conduct. The payment resolves Lupin’s portion of a larger lawsuit that names 37 pharmaceutical companies and includes allegations tied to delaying a generic version of Glumetza. Lupin said the amount was alre…
OpenAI has agreed to spend in excess of $20 billion on servers using Cerebras processors over the next three years, in a deal that includes warrants granting a minority equity stake in the chip maker. The agreement also features roughly $1 billion to support data-center construction and the potential for OpenAI's ownership share to rise, including …
Tesla has posted multiple engineering positions in Taiwan for its Terafab artificial intelligence chip manufacturing project, seeking candidates with significant experience in advanced semiconductor production. The listings describe a vertically integrated facility that will combine logic, memory, packaging, test and lithography mask production, an…
Zip Co reported a record quarterly cash EBTDA of A$65.1 million, a 41.5% increase year-on-year, and upgraded its fiscal 2026 cash EBTDA guidance to at least A$260 million. The buy now, pay later group saw expanded operating margins, double-digit rises in transaction value, income and volumes, and particularly strong volume growth in the United Stat…
U.S. equity futures held near unchanged levels Thursday evening after benchmark indexes closed at successive record highs. Optimism about a temporary ceasefire and the prospect of U.S.-Iran talks supported risk appetite, while corporate earnings produced divergent stock moves, including a notable post-market drop for Netflix.
Britain’s senior foreign ministry official will leave his position after Prime Minister Keir Starmer and Foreign Minister Yvette Cooper lost confidence in him, following the disclosure that Peter Mandelson failed a security vetting yet was later granted clearance. The episode has heightened pressure on Starmer over his decision to appoint Mandelson…
Kailera Therapeutics Inc. has priced its initial public offering at $16.00 per share for 39,062,500 common shares, aiming to raise approximately $625.0 million in gross proceeds before underwriting discounts and offering expenses. The Waltham, Massachusetts-based biotechnology company plans to begin trading on the Nasdaq Global Select Market on Apr…
JATT II Acquisition Corp completed the pricing of its initial public offering of 6 million ordinary shares at $10 per share, raising $60 million. The SPAC expects its shares to begin trading on NASDAQ under the symbol JATT on April 17, 2026, with the offering scheduled to close on April 20, 2026. Management said the company will concentrate its sea…
Oportun Financial Corporation announced that Doug Bland will become its chief executive and join the board effective April 20, 2026. The news prompted a roughly 3% rise in Oportun shares in after-hours trading. Bland brings more than three decades of experience in consumer financial services, including senior roles at PayPal, Swift Financial and Ba…
Goldman Sachs is preparing for the departure of two senior bankers from its Asia operations after seven years with the firm. Dawei Huang, co-head of China technology, media and telecommunications, plans to leave the banking sector to join a technology company. Samuel Thong, a leader in health-care investment banking for Asia excluding Japan, is als…
