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.
30,104 total articles
KPMG's unfolding audit-leak controversy has intensified pressures on the Big Four accounting firms in Australia, at a time when federal government awards of new contracts to KPMG, PwC, Deloitte and EY have already dropped markedly. Government procurement data show a sharp decline in new business revenue from the federal government for the Big Four …
MMG's stock dropped sharply after the miner announced a combined fundraising package of about HK$12.6 billion via a discounted share placement and zero-coupon convertible bonds. Investors reacted to the immediate dilution from new shares and the potential future dilution embedded in the convertible bonds, sending the stock to a session low before a…
EVE Energy's shares climbed sharply after the company released preliminary guidance showing substantial year-over-year profit and revenue gains for the first half of 2026. Management cited product upgrades, service improvements and process optimization as drivers, while strategic capacity investment and a large overseas storage order reinforced con…
Tata Consultancy Services will record a total payment of $220 million after the U.S. Supreme Court declined to hear an appeal in a trade secrets dispute brought by Computer Sciences Corp. and DXC Technology. The high court's action leaves in place a $168 million damages award to DXC. TCS had already reserved $150 million and will add a one-time $70…
OpenAI recorded $34 billion in spending during 2025, driven mainly by research and development and sales and marketing outlays, and posted a net loss near $39 billion as it prepares for a planned IPO. The company’s expenses far outpaced reported revenue of about $13 billion, prompting operational cuts, pricing changes and the shelving of noncore pr…
Auto repair shops in Tokyo and dealerships in the United States have faced months-long shortages of motor oil, paints and other petroleum-derived supplies after the Middle East conflict disrupted shipments through the Strait of Hormuz. Industry executives and trade groups say a preliminary U.S.-Iran agreement may stop the fighting but is unlikely t…
IHI Corp. stock climbed 2.9% to ¥2,783 on Tuesday after Morgan Stanley upgraded the heavy-industry and engineering group to Overweight from Equalweight and lifted its price target to ¥3,300 from ¥3,150. The broker cited a recent share pullback tied to Middle East-related concerns as creating a favorable buying opportunity, and highlighted civil aer…
Asian equity markets traded mixed on Tuesday as investors positioned for interest-rate announcements from the Bank of Japan and the Reserve Bank of Australia. South Korea outperformed on continued strength in semiconductor and technology names, while Chinese and Hong Kong shares lagged after a set of softer-than-expected Chinese economic indicators…
Navneet Govil, chief financial officer of SoftBank Investment Advisors and long-time finance executive at the Vision Fund, will leave the firm after roughly a decade, according to an internal memo. Govil, who joined SoftBank in 2016 ahead of the first Vision Fund, has been a senior figure through market upheavals and organizational change. The memo…
A U.S. Air Force B-52 bomber crashed on Monday at Edwards Air Force Base in southern California, killing eight people, among them two employees of Boeing. The aircraft went down at 11:20 a.m. local time immediately after takeoff during what was described as a routine test mission. A large plume of black smoke from the crash was visible for miles. E…
Microsoft will provision additional computing capacity for its GitHub platform using Amazon Web Services as a surge in AI-assisted coding increases load and has contributed to multiple outages. The company affirmed a multi-cloud approach while continuing to pursue a full migration of GitHub to Azure by 2027.
General Motors is in discussions with Lockheed Martin to manufacture components for the defense contractor’s weapons systems, according to people familiar with the matter. Under the proposed arrangement, GM would produce commonly used parts intended to help increase munitions output. The conversations are ongoing, with specific components and terms…
U.S. stock futures edged lower Monday evening after a strong session that followed news of a U.S.-Iran memorandum of understanding to end hostilities and renewed momentum in technology stocks. Traders remained cautious ahead of a two-day Federal Reserve meeting expected to conclude with unchanged interest rates, while markets also awaited the forma…
Yorkville International Capital Corp. has priced an initial public offering of 20,000,000 units at $10.00 apiece, raising $200 million. The units are scheduled to begin trading on the Nasdaq Global Market under the ticker YICCU on June 16, 2026, and the offering is expected to close on June 17, 2026, subject to customary closing conditions. Each un…
ConocoPhillips is poised to sign a contract with Syria's government to develop existing gasfields and search for new reserves in partnership with Novaterra Energy and the state-owned Syrian Petroleum Company. The deal, expected this week according to reporting citing two people familiar with the matter, follows a memorandum of understanding signed …
Mondelez International appointed Amit Banati as its new chief financial officer, effective July 1. Banati succeeds Luca Zaramella, who moved to chief operating officer earlier this year after more than eight years as the company's finance chief. Banati brings long-tenured CFO experience at Kellogg and Kellanova, most recently serving as CFO at Kenv…
Danone, parent of U.S. yogurt brand Dannon, has filed a complaint in Manhattan federal court accusing Chobani of misrepresenting the protein content of its Chobani 20G Protein multi-serving tubs. Danone says Chobani inflated serving sizes to claim higher protein per serving and positioned the product as a rival to Danone’s Oikos Pro. The suit seeks…
Huntington Ingalls Inc. has received a $44.1 million modification from the U.S. Department of War to fund supplemental work on the USS John C. Stennis (CVN 74) Refueling Complex Overhaul. The contract change, which includes a schedule performance incentive, will be executed at the Newport News Shipbuilding yard with an expected completion in Octobe…
Mexico's benchmark S&P/BMV IPC closed higher, supported by gains in industrial and consumer-oriented stocks. Airport operators posted the session's largest advances, while select consumer and exchange names lagged. Commodity markets were mixed with gold rallying and U.S. crude diving, and the peso showed minor moves against the dollar and euro.
Raytheon Co. has been awarded a not-to-exceed $57.9 million repair delivery order by the U.S. Department of War to service components of the F/A-18 Aircraft System. The order covers 480 individual repairs across 15 weapon repairable assemblies, carries a two-year base performance period from June 2026 through June 2028, and will be executed in McKi…
Lockheed Martin has been awarded a $223,943,975 contract modification from the U.S. Department of War to provide engineering design, development and production support for sonar systems. The cost-plus-incentive-fee modification exercises options under an existing contract and covers purchases for the U.S. Navy and the government of Canada through t…
Russian equities closed higher on Monday, with the MOEX Russia Index rising 1.07% as gains in the Mining, Power and Manufacturing sectors led the market. Unipro PJSC, AK ALROSA PJSC and Bank VTB PJSC were the session's strongest performers, while TATNEFT shares and PIK SHb PJSC finished among the biggest decliners. Broader market breadth was positi…
Dell Federal Systems L.P. won a $1,437,934,084 firm-fixed-price call order from the U.S. Air Force to renew the Microsoft Enterprise License Agreement. The sole-source award covers Microsoft 365 E3/E5 and F-series enterprise licenses, software assurance and related subscription services, with work to be carried out in Round Rock, Texas and other lo…
S&P Global Ratings upgraded Viavi Solutions Inc. to BB from B+ after the company used proceeds from a $575 million common stock offering in May 2026 to repay all outstanding borrowings under its term loan B. The ratings firm also increased the issue-level rating on Viavi's senior unsecured debt to BB, with a recovery rating of 3, reflecting a m…
Kikkoman Corp. is planning its first manufacturing facility in India, part of a broader push by Japanese condiment manufacturers to expand operations in the country. The soy sauce maker's move comes alongside Kagome Co.'s efforts to boost local sourcing for its pizza sauce production, as both companies seek growth opportunities outside Japan.
