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.
30,117 total articles
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…
People with knowledge of the situation say SpaceX has been assigned investment-grade credit ratings by Moody's, Fitch and S&P. The move comes as the company prepares to price an initial public offering expected to raise roughly $75 billion and is managing a large long-term debt load that includes a $20 billion bridge loan.
Snow Rothschild Acquisition Corp. completed an initial public offering of 20 million units at $10 each, raising $200 million. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant, with whole warrants exercisable at $11.50. The units began trading on Nasdaq on June 9, 2026 under the ticker ISNRU, and the underlying sha…
After the market closed, shares of Oracle, Stitch Fix and Oxford Industries moved sharply on fresh quarterly results and forward guidance. Oracle posted a strong fourth quarter and maintained its $90 billion revenue target while raising non-GAAP EPS guidance to $8.05, but shares fell amid investor concern over a roughly $40 billion financing plan t…
U.S. equity markets closed lower on Wednesday, with the Dow Jones Industrial Average, S&P 500 and NASDAQ Composite all posting notable declines. Weakness was concentrated in Industrials, Basic Materials and Technology sectors. A handful of energy and consumer stocks rallied, while volatility and commodity prices moved sharply.
Canada's main equity gauge, the S&P/TSX Composite, closed lower as losses in Materials, Clean Technology and Healthcare pressured the market. Decliners outpaced advancers by a wide margin, while commodities diverged: gold futures fell sharply and crude oil climbed. Volatility measures edged down and the Canadian dollar was largely unchanged aga…
Anthropic released two policy proposals proposing a legal framework for high-capability artificial intelligence systems. The Advanced AI Framework would give governments authority to deter or block risky AI deployments through civil penalties tied to global revenue and would apply to models trained with more than 10²⁵ floating-point operations or d…
A U.S. federal judge in Manhattan dismissed a lawsuit by investors who accused JPMorgan Chase, Barclays and Fifth Third of ignoring major warning signs tied to Tricolor, a subprime auto lender that later filed for liquidation. The suit, brought by holders of more than $270 million in Tricolor asset-backed notes, alleged that the banks enabled and b…
Humacyte Inc disclosed an underwritten public offering of common stock, prompting a roughly 6% decline in its shares during after-hours trading. The company said all shares will be sold by Humacyte and that underwriters have a 30-day option to buy up to an additional 15% of the offering. Proceeds are earmarked for commercialization of Symvess, regu…
Origin Materials announced a voluntary delisting from the Nasdaq Capital Market and plans to deregister with the SEC as part of a previously disclosed Plan of Dissolution. The move prompted a sharp after-hours share decline and sets a timetable for regulatory filings, warrant expiries, and a shareholder vote on the dissolution plan.
Navan raised its full-year revenue and adjusted operating income guidance after reporting a strong first quarter, driven by resilient corporate travel demand and expansion of its enterprise customer base. Gross booking volume surged, hotel and flight bookings tied to the World Cup rose sharply in certain markets, and management pointed to robust on…
Alcoa shares dropped about 9.2% in after-hours trading after management delivered a weaker-than-expected Q2 2026 outlook at the Wells Fargo Industrials and Materials Conference in Chicago. The company cited an estimated $60 million negative impact to Alumina segment adjusted EBITDA driven by production disruptions at the Pinjarra refinery, higher e…
Citigroup analyst Atif Malik reaffirmed Broadcom (AVGO), Texas Instruments (TXN) and Applied Materials (AMAT) as the firm's leading buy-rated names in the U.S. semiconductor complex. Malik characterized the recent dip in the group as healthy and highlighted durable demand in data centers, resilient analog order trends, and bullish revisions for cap…
Shares of DCC rose sharply after a consortium led by KKR and Energy Capital Partners submitted an improved takeover proposal that the company's board said it was 'minded to recommend.' The revised offer values DCC at 6,672.22p per share, comprising 6,525p in cash and a proposed final dividend of 147.22p for the year to March 2026. The Irish Takeove…
The U.S. Office of Personnel Management has chosen Oracle to deliver a cloud-based human resources platform intended to replace disparate systems used across federal agencies. The agency announced the award Wednesday, with OPM director Scott Kupor confirming the decision today. The total contract value was not disclosed.
Alphabet is extending Gemini artificial intelligence capabilities within its Chrome browser to a broader set of international markets. The rollout adds desktop and iOS coverage in newly included regions and brings features that act as an in-browser assistant, integrate with Google apps, and include new image transformation and context-aware functio…
Google introduced enhancements to its Gemini AI app on June 9, 2026, unveiling features that let small business owners link their Google Business Profile with a single tap. Once connected, Gemini can access customer reviews, questions and a range of monthly performance metrics to draft responses and update profile details. The company also rolled o…
DDN plans to pursue an additional financing round before the end of the year aimed at bringing strategic, value-added investors into the company, CEO Alex Bouzari said at the Bloomberg Generative AI Forum. The Chatsworth, California-based firm, which counts Nvidia as a partner and Google and Salesforce as customers, has been profitable for over a d…
Nick Bilton, the new leader of the CBS newsmagazine '60 Minutes,' entered a newsroom in visible disarray and has brought in television production consultant Kelly Funke to assist with his transition. Funke, hired on a short-term contract, is working to reestablish trust and reconfigure newsroom roles amid recent departures and firings that have lef…
RBC Capital Markets upgraded Pfizer to Sector Perform from Underperform and kept a $25 price target after the stock's roughly 11% pullback from 2026 highs brought valuation more in line with expectations. The firm cited the company's strong first-quarter results and a near-7% dividend yield as cushions while pointing to two late-stage pipeline cand…
JPMorgan upgraded Illumina's rating to Overweight from Neutral and lifted its December 2026 price target to $185 from $125, citing survey and industry checks that indicate continued commitment from large clinical customers to Illumina's ecosystem, rising demand for genomic testing, and significant switching costs that favor Illumina's platform.
General Motors is signaling a potential retreat from using lithium-iron phosphate (LFP) batteries in future electric vehicles, according to comments from the automaker's head of battery technology. GM said it will concentrate on lithium manganese-rich (LMR) chemistry, which the company says stores more energy at similar cost to LFP when produced in…
By mid-afternoon in New York on Wednesday, options trading in Serve Robotics totaled 48,811 contracts, led overwhelmingly by call options. The July 17, 2026 $11 call was the most active single strike, and a notable calendar spread tied the July 17 and July 24 $11 calls together in significant volume.
Ares Management’s chief executive told a financial conference that private credit is an essential source of returns for insurance companies aiming to meet policyholder objectives, and that increased regulatory scrutiny will provide useful transparency into private market structures and performance. Data from AM Best is cited showing a more than two…
ERock, a Houston-based gas generator manufacturer, raised $600 million in its U.S. IPO but saw its stock fall 6.5% on its New York Stock Exchange debut after opening below the offer price. The company reported a sharply expanded contracted sales backlog, driven largely by AI data center projects, and noted a major onsite power agreement tied to Met…
