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.
30,114 total articles
SpaceX shares surged 19% in their Nasdaq debut, closing the session at $160.95 and valuing the company at about $2.1 trillion. The $75 billion IPO drew heavy interest from retail and institutional investors, exchanged roughly 510 million shares worth about $84 billion, and placed SpaceX ahead of Broadcom and behind Amazon. The listing exposed quest…
Shares of Zhipu AI, trading as Knowledge Atlas Tech (HK:2513), climbed sharply after JPMorgan raised its price target and praised the company’s commercial traction and pricing power. The stock briefly surged as much as 48% before settling with significant gains. JPMorgan also downgraded rival MiniMax Group Inc (HK:0100). Zhipu said it will make its…
Renault Group has entered a partnership with defence technology firm Thales to develop a multi-mission military vehicle called 4 TROOP. The collaboration pairs Renault's industrial capabilities with Thales's secure communications know-how, aiming for a design that can be manufactured rapidly and at controlled cost. The prototype will be unveiled at…
Semiconductor Manufacturing International Corp (SMIC) saw its Hong Kong-listed shares rise sharply, driven by market optimism that Chinese AI developers are moving to procure domestically produced AI inference chips. Reports that ByteDance is negotiating purchases with Shanghai Iluvatar CoreX and weighing engagements with other local players helped…
Aluminum Corp of China shares tumbled after Goldman Sachs downgraded the stock to Sell and reduced its price target. Declining aluminum futures and notable outflows via Hong Kong Stock Connect compounded selling pressure, leaving the share price far below its 52-week peak. Market dynamics and investor behavior underpin the move.
ByteDance is negotiating with Shanghai-based Iluvatar CoreX and is also considering chips from Baidu's Kunlunxin unit for AI workloads, with Iluvatar potentially supplying at least 50,000 units this year for inference tasks tied to ByteDance's Doubao chatbot, sources say. Talks are ongoing and terms are subject to change; Iluvatar's stock briefly r…
Asian equities rallied sharply Monday after the U.S. and Iran agreed to a memorandum of understanding aimed at ending their conflict and reopening the Strait of Hormuz. Markets also took heart from a robust finish on Wall Street, including strong gains from SpaceX's market debut. Tokyo benchmarks hit record highs ahead of a Bank of Japan meeting th…
Several Asia-focused hedge funds have achieved returns above 100% in the first five months of the year, driven by positions in AI hardware and large language model-related companies. Fund managers in the region moved quickly to exploit supply-side tightness across Asia's semiconductor ecosystem, contributing to strong performance even as geopolitic…
ByteDance is negotiating to buy AI inference chips from Shanghai-based Iluvatar CoreX and is also weighing Kunlunxin chips from Baidu, according to two people with knowledge of the discussions. If completed, Iluvatar would join Huawei and Cambricon as one of ByteDance’s principal domestic GPU suppliers. The talks remain private and details could ch…
Atlas Arteria has once again urged shareholders to reject a strengthened takeover proposal from IFM Global, saying the A$5.10-per-share offer, which values the company at A$7.40 billion ($5.23 billion), still undervalues the toll-road operator. IFM described the price as its "best and final". Atlas previously dismissed an earlier approach and cauti…
As gold prices remain elevated after a January peak, some classic and contemporary gold wristwatches are being dismantled and melted because the value of their gold content exceeds what they would fetch on the secondary market. Dealers and industry specialists say mainstream pre-owned models from brands such as Omega and TAG Heuer are most vulnerab…
The Tamil Nadu Pollution Control Board has accused Tata Electronics of discharging wastewater that overflowed from a rainwater harvesting pond at its Hosur facility, contaminating groundwater in nearby open wells used by farmers. The board's notice, following multiple inspections between December 2025 and May 2026, demanded an explanation and warne…
Anthropic said it will abruptly deactivate its newest, most capable AI models after receiving a U.S. export control directive requiring suspension of foreign national access. The government told the company it had concerns about a potential method to bypass safeguards that could let the model identify software vulnerabilities. Anthropic disputes th…
Sigma Healthcare has withdrawn from the sale process for The Boots Group after a preliminary review concluded a potential acquisition would not satisfy the company's strategic priorities or capital allocation framework. The decision ended speculation about a major overseas takeover and coincided with an 8% jump in the company's Sydney-listed shares…
SpaceX's record-breaking U.S. IPO pushed its valuation past $2 trillion, overtaking Tesla and Meta Platforms and prompting investors and strategists to question whether the 'Magnificent Seven' label still captures the market's dominant names. With potential trillion-dollar IPOs like OpenAI and Anthropic on the horizon, new nicknames such as 'MANGOS…
Retail investors played a prominent role in the early trading of SpaceX shares after the company allocated up to 30% of its public offering to individuals. Heavy retail demand helped push the stock up 19% on its first day of trading, produced significant single-stock retail turnover and produced both enthusiastic buyers and disappointed applicants …
SpaceX’s record-setting Nasdaq listing proceeded without major technical problems, comforting market participants who had feared a repeat of past IPO glitches. Banks, exchanges, market makers and trading platforms processed millions of orders, with retail activity reaching unprecedented levels for an IPO auction. The event is being viewed as a test…
Woodside Energy Ltd said on Monday it was not engaged in any discussions about a takeover by Exxon Mobil, responding to media reports last week that the U.S. oil major was considering an offer. The comments come as liquefied natural gas (LNG) remains a focal point for growth amid rising global power demand linked to AI data centers, and after regio…
U.S. equity futures climbed sharply Sunday evening after Washington and Tehran confirmed a finalized memorandum of understanding that is expected to reopen the Strait of Hormuz and ease a U.S. naval blockade. The move followed a strong Friday on Wall Street, highlighted by SpaceX's dramatic trading debut. Attention this week centers on a Federal Re…
Losses tied to authorised push payment (APP) fraud climbed sharply in the latest industry figures, with banks reporting a 19% increase to £576.4 million last year. The rise comes amid a new reimbursement rule, introduced in October 2024, that obliges banks and payments firms to refund victims up to £85,000 and has intensified debate over the role o…
Asian equities jumped on Monday after reports that the United States and Iran had reached a deal affecting the Strait of Hormuz. The news weakened oil prices and the U.S. dollar, bolstering risk appetite across equities and futures while sending Treasury futures higher. Policymakers face a lighter near-term inflation risk just before multiple centr…
Russian equities finished the session lower on Sunday, while the MOEX Russia Index closed unchanged, marking a new six-month low. Utilities names led gains, with ROSSETI, Aeroflot and Unipro among the top performers. Several large-cap stocks including PIK, Rusal and TATNEFT registered declines. Market breadth favored advancers, volatility readouts …
Summary: A Bernstein analysis tested five agentic shopping tools to assess whether AI agents can fully carry out shopping tasks end to end. The study compared general-purpose large language models with retail-native assistants, finding foundational models excel at discovery across a fragmented web but lack access to structured catalogue, pricing, i…
Wolfe Research has initiated coverage on SpaceX (SPCX) with a $175 price target after the company's IPO, arguing that reusability-driven reductions in internal launch costs and a Starlink connectivity inflection point create a durable competitive advantage and substantial earnings upside by 2030. The firm projects steep revenue growth and margin ex…
Lazard has submitted a late proposal to replace Centerview Partners as Venezuela’s financial adviser on the country’s sovereign and PDVSA debt restructuring, offering to do the work for $25 million — markedly below the fee Centerview had been negotiating. The selection of an adviser will shape negotiations over roughly $60 billion in defaulted bond…
