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.
30,116 total articles
Bank of America has elevated Five Below to its preferred idea within the food retailers group following a recent share-price pullback. The bank reiterated a Buy rating, pointing to merchant-led actions - including new price-tier strategies, a focus on novelty and improved seasonal and license-driven merchandising - and marketing efforts it expects …
The U.S. Department of Justice formally moved to dismiss its long-running criminal prosecution of Turkey's state-owned Halkbank, following a March settlement that imposed monitoring and transactional restrictions. Prosecutors reported no compliance violations after a 90-day review and asked a Manhattan judge to approve the dismissal, while the bank…
SK Hynix shares recovered from early losses to finish higher after reports that the company plans to triple wafer production capacity by 2034 to serve rising demand for advanced memory used in artificial intelligence. The move helped the KOSPI claw back some ground, even as Samsung shares slipped and broader concerns about profit-taking and interes…
OpenAI is reportedly contemplating substantial reductions in the prices it charges per token for its AI services as competition with Anthropic heats up. The move, which remains under discussion, is seen as a response to anticipated price cuts by Anthropic and growing customer concern about AI deployment costs. Executives say margins at both firms c…
OpenAI CEO Sam Altman will travel to South Korea next week to meet with executives at Samsung Electronics, with a scheduled visit to the company's Suwon office on Monday. The discussions and a planned lecture will center on integrating artificial intelligence into Samsung's operations and strategies for AI-driven workplace innovation. The visit fol…
Asian equity benchmarks weakened on Thursday after a Wall Street selloff sparked by stronger-than-expected U.S. inflation data, while fresh U.S. strikes on Iran drove oil prices higher. MSCI’s broad Asia-Pacific index outside Japan fell 0.9%, South Korea’s KOSPI led losses, and futures pointed to lower S&P 500 levels. The dollar held firm, U.S. Tre…
Delays and restrictions in China’s export licensing for indium phosphide (InP) have surfaced as a bottleneck for photonics supply chains essential to high-speed optical chips in AI data centres. The issue prompted senior industry engagement at the highest political level and has pushed wafer prices sharply higher, strained supplier relationships an…
Shareholders at Target declined an investor proposal to separate the board chair role from executive oversight, allowing former CEO Brian Cornell to remain as executive chair with operational oversight. Additional proposals on pesticide reporting for private-label products and reducing microfiber emissions were also rejected, and all director nomin…
Madison Square Garden Sports abruptly canceled a planned outdoor watch party for Game 4 of the NBA Finals after the city approved a limited-capacity, ticketed event and police tightened security around the arena. Team owner James Dolan sharply criticized Mayor Zohran Mamdani and NYPD leadership, saying the rules left too many fans excluded. The dis…
U.S. equity futures turned lower Wednesday evening after renewed military action involving Iran and a sharp sell-off in technology names. Oracle plunged in after-hours trading following a forecast for substantially higher capital spending in fiscal 2027, which overshadowed stronger-than-expected quarterly results. Broader selling reflected investor…
Residents and human rights organizations report a Venezuelan military deployment near Las Claritas in southern Bolivar state to confront armed groups controlling gold deposits in the Orinoco Mining Arc. The operation coincides with government efforts to reopen mining to foreign investors, following a new mining law and discussions with the United S…
Panasonic Holdings said it will begin mass production of battery cells for data centre energy storage at a Kansas facility in the financial year 2028 (ending March 2029). The company is reallocating roughly 350 billion yen of a previously announced 500 billion yen AI infrastructure investment to its Energy unit, with 150 billion yen directed to its…
Frasers Group, the retailer led by the Ashley family, has tabled a voluntary public takeover offer valuing the remaining Hugo Boss shares at roughly €1.98 billion. The cash bid of €38 per share represents a 4.3% premium to Hugo Boss's most recent close and follows a period of weak sales and strategic restructuring at the fashion group.
Short seller Jim Chanos told investors that SpaceX’s planned $1.75 trillion valuation for its upcoming public debut is not supported by reasonable near-term assumptions, and flagged governance and valuation issues that could make the company a target for short positions. He also reiterated a pessimistic view of the data center sector, describing it…
PureCycle Technologies disclosed concurrent offerings of $250 million in convertible senior notes due 2032 and $145 million in common stock, plus underwriter options, totaling a potential $395 million. The announcement triggered a 13% drop in the company's shares in after-hours trading. Proceeds are earmarked primarily to repurchase existing 7.25% …
Short seller Jim Chanos criticized SpaceX's planned New York IPO and $1.75 trillion valuation, saying the price rests on unrealistic expectations rather than measurable fundamentals. He contrasted SpaceX's 90-times-sales multiple with Tesla's 14-times multiple, expressed skepticism about data center economics, and noted that shorting Musk-linked co…
Microsoft's Xbox division is preparing a significant round of layoffs scheduled for next month, alongside sizeable reductions in marketing and other budgets. The moves follow comments from the gaming unit's CEO about thin margins and heavy spending on content, platforms and hardware subsidies over the last five years, and come after earlier strateg…
Two Democratic lawmakers have asked Goldman Sachs' chief executive to explain reported plans to retain the bank's former top lawyer as an adviser despite documents indicating she accepted gifts from Jeffrey Epstein and counseled him on media responses. The lawmakers seek details on the adviser role, the firm's prior knowledge of the relationship, a…
Mexican stocks closed lower Wednesday as declines in industrials, consumer goods & services and consumer staples pushed the S&P/BMV IPC down 0.90% to a fresh one-month low. Market breadth favored decliners, led by steep falls in select small-cap and mining-related names, while a handful of large caps outperformed. Commodities and currency markets s…
AVAX One Technology Ltd. (NASDAQ:AVX) announced its board has approved a 12-for-1 reverse stock split to comply with Nasdaq minimum bid requirements, a move previously ratified by shareholders. The change, effective at the market open on June 15, 2026, will convert every 12 outstanding common shares into one share and cash out fractional shares. Sh…
Colombia's benchmark index finished higher on Wednesday, with the COLCAP rising 0.45% as gains in the Industrials, Services and Agriculture sectors supported the market. Select financials and industrial names led advancers, while construction-related and energy-linked stocks weighed on the downside. Commodity contracts and local FX pairs showed mix…
Teradyne Inc. has been awarded a $139,903,994 firm-fixed-price requirements contract by the U.S. Department of War for versatile diagnostic automatic test station kits. The contract covers kits for assembling standardized, commercially available test equipment, components, and software. Work is to be performed at Robins Air Force Base, Georgia, wit…
The MOEX Russia Index closed marginally lower on Wednesday, slipping 0.06% as losses in mining, manufacturing and telecoms pressured the market. While AFK Sistema led gainers, several large miners fell, and volatility along with notable commodity price moves marked the session. Currency rates were unchanged and the U.S. Dollar Index futures ticked …
Mujin is raising an extension to the $233 million Series D round it closed in December, valuing the company at over $1 billion, CEO Issei Takino said in an interview with Bloomberg. The additional funding is intended to carry the business through to an initial public offering targeted by 2030 as demand for artificial intelligence-driven automation …
Microsoft's Xbox division is preparing a significant round of layoffs in July, with the moves expected after the close of Microsoft's fiscal year on June 30. In an internal message reviewed by reporters, CEO Asha Sharma said Xbox's accountability margin has fallen to 3% and described years of heavy spending alongside declining annual revenue. The u…
