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.
30,135 total articles
Island Pharmaceuticals (ASX: ILA) shares rose as much as 5.7% on Wednesday after the company announced an extension of its cooperative research and development agreement with the U.S. Army. The arrangement backs a dose optimization study for Galidesivir, an experimental treatment being assessed for Marburg Virus Disease, and the company said the ex…
Taiwan's benchmark index closed lower, shedding 3.48% as losses in the Glass and Electricity sectors pressured the market. Several individual stocks posted double-digit gains or declines, while commodity and currency moves featured in trading alongside a slight dip in the U.S. dollar index futures at the close.
Taiwan Semiconductor Manufacturing Co reported a 30.1% year-on-year increase in May revenue to NT$416.98 billion ($13.19 billion), driven by sustained demand for advanced semiconductors used in AI applications. Revenue for the first five months of 2026 rose 30.0% to T$1.96 trillion. The monthly figures follow an April forecast of second-quarter rev…
Senior creditors have proposed a restructuring for Thames Water that would transfer control of the utility to its lenders and carry total costs of about £749 million, according to a creditor submission reported on Wednesday. The package would combine substantial new equity and debt, significant fees, and an investor-funded program to improve assets…
SoftBank Group shares tumbled after a report said efforts to secure a $6 billion margin loan using its OpenAI stake as collateral have stalled. The setback - coming after a reduction from an original $10 billion target - has led the company to weigh other financing paths as it continues large-scale investments in AI.
Lenovo Group's stock tumbled after Chinese media reported the company intends to raise prices across all product categories from July to counter rising memory costs and tighter supply driven by AI demand. The stock slid nearly 10% to HK$22.74 and weighed on the Hang Seng, which fell more than 1%. The move would follow March price adjustments for PC…
Asian markets moved lower Wednesday as a renewed round of U.S.-Iran military exchanges and a fresh slide in semiconductor stocks increased investor risk aversion. Rising oil prices and stronger-than-expected Japanese producer price inflation stoked concerns about broader price pressures. South Korea's KOSPI suffered the steepest losses, while China…
Wang Chuanfu, chairman of BYD, told shareholders he expects the company to be the world's top automaker by scale within five years, highlighting export momentum and technology upgrades while identifying second-generation Blade Battery capacity as the main growth bottleneck this year. The remarks came amid a sharp slide in BYD's share prices and a p…
Starbucks (NASDAQ:SBUX) is assessing strategic alternatives for its operations in Japan, including a potential sale of a stake or an initial public offering. The company has held preliminary talks with investment banks and is considering options that could value the business between 400 billion and 500 billion yen. No final decision has been reache…
Peak Energy said on Wednesday it has entered a strategic partnership with General Motors that will see GM Ventures make a strategic investment in the energy storage firm. Under the agreement, GM will develop a sodium-ion battery cell in its Michigan battery laboratories and keep exclusive manufacturing rights, while Peak Energy will integrate the c…
Meta Platforms and Reliance Industries have agreed that Reliance will construct a 168 megawatt artificial intelligence data center in Jamnagar, Gujarat, which Meta will lease. The facility will run on renewable energy and the two firms will evaluate potential capacity increases. The agreement builds on an earlier $100 million joint venture to devel…
Sigma Healthcare confirmed it has been involved in preliminary discussions tied to a potential sale process for British pharmacy chain Boots. The company emphasized there is no certainty a transaction will occur. The announcement coincided with a drop in Sigma's Sydney-listed shares, which fell as much as 5.5% to A$2.76 in early trading as investor…
Asics Corp said it will transfer its premium Onitsuka Tiger business into a wholly owned subsidiary, OT Group Corp, effective from a company split on January 1. The unit has driven multiple years of record profit, with sales surging and margins far outpacing other Asics categories. The announcement coincided with a positive share reaction in Tokyo …
The U.S. Air Force told a Senate subcommittee it believes a solution has been developed and tested for the KC-46 tanker’s troubled remote vision system, with the upgraded 2.0 system slated to enter the production line in '28. The program still faces a lengthy retrofit timeline and other technical issues, and Boeing has absorbed significant losses o…
Asics has confirmed it is reviewing a potential spinoff of its premium sneaker label Onitsuka Tiger. The announcement coincided with a near 4% rise in Asics shares in Tokyo trading, outpacing a retreat in the Nikkei 225. No final decision has been made, and the move follows media reports suggesting the separation would support management improvemen…
Parabilis Medicines set the price for its initial public offering at $20.00 per share for 33.5 million shares, increasing the offering to target approximately $670 million in gross proceeds before underwriting fees and expenses. The company also granted underwriters a 30-day option to buy additional shares and arranged a concurrent private placemen…
U.S. stock index futures declined Tuesday evening after fresh U.S. strikes on Iran renewed doubts about progress toward a peace agreement, while technology shares, led by chipmakers, lost momentum. Investors awaited May consumer price index figures for cues on inflation and potential Federal Reserve policy moves.
Brazilian civil aviation authority ANAC says it expects the U.S. Federal Aviation Administration to certify the Boeing 737 MAX 10 within the year and will expedite validation steps in Brazil. ANAC chief Tiago Faierstein also called for closer collaboration with U.S. authorities on certification of electric vertical takeoff and landing (eVTOL) aircr…
SpaceX executives signaled to prospective investors that the company intends to run initial demonstrations of orbital artificial intelligence computing infrastructure by late 2027, earlier than the "as early as 2028" deployment window in its IPO filing. The demonstrator missions are described as technology validations ahead of any commercial expans…
RMG ML Sports Holdings, a Cayman Islands exempted special purpose acquisition company focused on the sports and adjacent entertainment sectors, priced a 20 million-unit initial public offering at $10.00 per unit on June 9, 2026, raising $200 million before any exercise of an over-allotment option. Units are slated to begin trading on Nasdaq under t…
Qantas Airways and its low-cost unit Jetstar have confirmed launch plans for passenger and cargo services from Western Sydney International Airport. Jetstar will operate several weekly routes from the airport's opening on October 25, while Qantas mainline passenger flights are scheduled to begin on March 28 next year. Qantas Freight will commence o…
S&P Global Ratings elevated Urban One Inc.'s corporate and issue-level ratings to 'CCC+' from 'SD' and 'D', respectively, after the company bought back a portion of its second-lien notes at a material discount during the first four months of 2026. The recovery rating was revised to 4 from 5, while the agency left the overall outlook at negative…
Moody's affirmed Century Communities' Ba2 corporate family rating but revised the outlook to negative from stable, pointing to anticipated declines in earnings and credit metrics in 2026. The rating agency highlighted persistent weakness in entry-level buyer demand, margin pressure from incentive-led sales, and geopolitical and mortgage-rate headwi…
Moody's has revised its outlook on Upbound Group, Inc. to stable from negative and affirmed multiple debt and corporate ratings, while upgrading the company's speculative grade liquidity assessment. The ratings agency cited continued topline growth at ACIMA and Brigit, stabilization at Rent-A-Center, and improvements in lease charge-off rates follo…
General Motors is rolling out a software upgrade that enables certain electric-vehicle owners to feed electricity from their cars into the power grid. The capability builds on GM’s existing vehicle-to-home function and will depend on utility cooperation and consumer willingness to dispatch stored energy instead of preserving range.
