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.
18,091 total articles
BP has asked senior independent director Amanda Blanc to head the board's search for a new chair following the abrupt removal of Albert Manifold. Interim chair Ian Tyler said the process will be rigorous and collective, while investors and London market figures expressed doubts about Blanc securing shareholder backing for a second chair appointment…
Fulcrum Therapeutics Inc. (NASDAQ:FULC) said it will stop development of pociredir for sickle cell disease after the FDA expressed concerns about malignancy risks linked to drugs that target the PRC2 complex. The announcement prompted a roughly 30% drop in the stock in after-hours trading. The company has opened a strategic review and is cutting co…
Hewlett Packard Enterprise delivered a record second quarter driven by heavy demand for servers and networking equipment tied to AI workloads. The company raised its fiscal 2026 revenue and earnings outlook and said the revised targets exceed its prior 2028 projections, citing enterprise adoption of agentic AI and continued infrastructure moderniza…
A regulatory filing dated Monday shows SpaceX will reserve 5% of the shares in its planned initial public offering for certain employees and individuals chosen by executive officers, offering those shares at the IPO price through a directed share program and exempting them from typical post-IPO lock-up restrictions. The filing does not disclose the…
A regulatory filing reveals SpaceX will reserve 5% of shares in its planned initial public offering for employees and other individuals chosen by company executives and exempt those shares from standard post-IPO lock-up rules. The reserved shares are to be sold at the IPO price through a directed share program, with any unsold allocation offered to…
Workers at a Dauch Corp axle facility in Three Rivers, Michigan, began picketing after the United Auto Workers announced a strike authorization that took effect Monday. The plant supplies driveline components used in General Motors trucks. GM and Dauch said they are monitoring negotiations; GM has roughly two weeks of axle inventory to continue tru…
Three Cabinet members from the Trump administration will visit the Sable offshore oil development off the California coast later this week, CEO Jim Flores said. The visit is focused on legal strategy in an ongoing dispute with California over the project's pipeline system, which triggered an oil spill in 2015. The federal government ordered the pro…
Toronto police announced a major seizure of counterfeit soccer merchandise from a Mississauga warehouse on June 1, removing over C$3.5 million worth of fraudulent jerseys, flags and two fake World Cup trophies. Two men were arrested and charged after a May complaint alleged they were distributing counterfeit products to retail outlets. The haul arr…
Jefferies identified a set of retail-focused REITs that it views as well-positioned to deliver sustained earnings growth and income in 2026. The firm emphasized companies with strong balance sheets, disciplined capital allocation and the ability to pursue external growth as cost-of-capital conditions improve across the sector. Agree Realty, NetSTRE…
SAIC Motor Corp intends to build its first European Union production facility at the port of Ferrol in Spain’s Galicia region, a project the regional government has classified as strategically important. The initial outlay is around €200 million, and the plant aims to create roughly 1,000 direct jobs. Construction is expected to start next year, su…
CrowdStrike shares jumped to a fresh 52-week high after multiple firms sharply raised price targets ahead of the company's Q1 fiscal 2027 earnings. Evercore ISI led the charge with a substantial upward revision while other brokers followed suit; corporate partnerships and positive SaaS read-throughs added momentum. Analysts expect solid top-line gr…
McDonald’s has announced a new global corporate strategy named McDonald’s>NEXT intended to refresh restaurant operations and draw customers back. The initiative targets a mix of increased automation, higher hospitality standards, expanded social media marketing and adjustments to the flavor of core menu items. Executives framed the strategy as a wa…
Palo Alto Networks shares jumped to a new 52-week high as multiple broker upgrades to $300 price targets converged ahead of the company’s fiscal third-quarter 2026 results. Upgrades from Baird, JPMorgan and Jefferies, plus a favorable pre-earnings projection and recent AI-security acquisitions and partnerships, combined to propel the stock material…
Lockheed Martin opened an 88,000-square-foot missile assembly facility in Courtland, Alabama, aimed at producing the Next Generation Interceptor for the Missile Defense Agency. The plant, called Missile Assembly Building 5, incorporates digital manufacturing tools, automated workflows and digital twin methodologies drawn from earlier missile progra…
McDonald’s announced a new corporate program called McDonald’s>NEXT at a global gathering of franchisees and suppliers in Las Vegas, targeting easier restaurant operations and stronger customer appeal through automation, raised hospitality standards, social media marketing and taste improvements. Financial details will be disclosed at a September i…
STARZ has appointed Jim Kapenstein to the newly created role of Chief Legal and Strategy Officer. Kapenstein, who begins next week, will be responsible for the company's legal and business affairs, lead strategic corporate transactions including mergers and acquisitions, and manage governance and public company obligations from STARZ's Santa Monica…
Ship-tracking estimates show U.S. crude exports rose to an all-time high of 5.6 million barrels per day in May as the conflict involving the U.S., Israel and Iran prompted refiners in Asia and Europe to seek alternatives to Middle Eastern oil. Record flows to both regions, steep WTI-Brent spreads earlier in the quarter, and a sharp rise in Japanese…
Fifteen defendants pleaded not guilty in federal court to charges tied to a long-running insider trading operation. Authorities allege the scheme, orchestrated by a lawyer and a personal injury attorney, began in 2014, involved nearly 30 pending mergers and produced tens of millions of dollars through trading based on stolen tips. A cooperating wit…
Earnings season remains active on Tuesday with reports scheduled before and after the market open. Investors will parse results from a mix of retailers, security software, and other listed companies to gauge consumer health and corporate IT spending. Key names due include Palo Alto Networks, Dollar General, Ulta Salon Cosmetics & Fragrance, Victori…
Market participants are preparing for a busy Tuesday of data and commentary, led by the JOLTs Job Openings report at 10:00 AM ET. The labour-market snapshot, alongside Federal Reserve commentary and a pair of consumer and sentiment gauges, may influence short-term trading as investors parse employer demand, retail trends, and measures of economic c…
UBS released its list of favored stocks in the industrial complex, naming top selections across aerospace, airlines, transportation and auto parts. The bank assigns price targets implying between roughly 15% and 54% upside versus current share prices, citing anticipated improvements in cash flow, margin expansion and earnings as companies execute p…
New vehicle registration figures for May indicate a rebound in Tesla’s European deliveries, with notable year-on-year increases in several countries even as the company’s regional market share has diminished. Broader growth in electrified vehicle registrations across Europe is supporting Tesla’s sales recovery.
Tandem Diabetes Care's stock surged 14.1% in mid-day trading after Wells Fargo upgraded the company to Overweight from Equal Weight and lifted its price target to $27 from $21. The firm highlighted Tandem's rapidly expanding pharmacy channel as a material, underappreciated long-term opportunity. Management disclosed progress rebuilding formulary co…
British ministers released a large tranche of documents on June 1 detailing communications and vetting material connected to Peter Mandelson's selection as ambassador to the United States. The 1,504-page package includes emails, WhatsApp messages and handwritten notes that show Mandelson lobbying for the post, airing criticisms of the government an…
Fluence Energy shares jumped 51% after Siemens released a reference design for an NVIDIA DSX Vera Rubin NVL72 system for a roughly 103 MW AI factory that incorporates Fluence's SmartStack battery energy storage system. The Siemens blueprint specifies a 2-3 hour battery configuration, above prior assumptions of about 1 hour, and lists Fluence as the…
