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.
30,139 total articles
ByteDance is developing proprietary central processing units for deployment in its servers and data centres to support an expanding suite of agent-based AI products. The effort, still in early stages according to people familiar with the matter, comes amid rising CPU prices and supply constraints that are prompting hyperscalers and chipmakers to pu…
President Donald Trump filed an amended defamation complaint on May 28 in Miami federal court seeking at least $10 billion in damages from the Wall Street Journal and associated parties for reporting that linked him to a birthday card allegedly signed to Jeffrey Epstein. The refiled suit comes after a judge dismissed an earlier complaint for failin…
NIO Inc saw its shares surge following the launch of the ES9, a six-seat luxury electric SUV the company billed as the country’s largest battery-electric SUV. Hong Kong-listed stock advanced as much as 10.5% to HK$46.08 by 05:40 GMT, while U.S.-listed shares closed 9% higher overnight. The ES9 is priced from 498,000 yuan including the battery pack,…
Japan Investment Corp (JIC), the government-backed investment vehicle, is reportedly examining a potential sale of JSR, the chipmaking materials specialist it took private two years ago in a roughly $6 billion transaction. Sources familiar with the matter say Fujifilm and Mitsubishi Chemical have shown interest. JIC had originally used the acquisit…
Senior officials in the current U.S. administration are negotiating potential financing arrangements with a group of drone manufacturers and component suppliers intended to expand domestic production capacity and lower the cost of the weapons, according to people familiar with the matter. The discussions have involved Pentagon contacts and the Offi…
Meituan's Hong Kong-listed shares tumbled after online claims that the company planned widespread cuts to product-related staff. The company and employees refuted the reports, and Meituan said its 2026 spring campus recruitment programme remains active across technology, product and operations roles. The share decline underscores investor sensitivi…
On May 28, Singapore Airlines announced an expansion of its joint network with Air New Zealand to accommodate rising travel demand between New Zealand and Singapore and to serve key markets across Asia and Europe. The alliance will lift seat capacity by 17% from late October 2026, add new Christchurch and Auckland services operated by Air New Zeala…
Asian equity markets lost ground on Thursday after reports that the United States conducted another round of military strikes on Iran, eroding hopes for a near-term peace deal and pushing oil prices higher. Investors turned cautious ahead of the U.S. Personal Consumption Expenditures price index release, while U.S. futures were little changed follo…
The Australian government has initiated legal proceedings against 3M, seeking in excess of A$2 billion (about $1.43 billion) for environmental, economic and cultural damages attributed to PFAS contamination from firefighting foam manufactured by the U.S. company. Authorities say the foam was represented as safe to dispose and non-toxic while intern…
Officials report the Trump administration has engaged in months-long discussions about providing financing to several U.S. drone companies. The talks, which involve Pentagon offices and a federal lending unit, align with a defense budget request that labels drone dominance a presidential priority for fiscal 2027.
The Australian government has initiated Federal Court proceedings against 3M Company and its Australian subsidiary, pursuing more than A$2 billion in damages linked to PFAS contamination from firefighting foam at 28 defence sites. Attorney-General Michelle Rowland described the claim as the largest ever brought by the Commonwealth and said taxpayer…
The U.S. Commodity Futures Trading Commission has asked a judge to vacate a $5 million penalty and related injunction levied against Gemini Trust Company after the agency and the exchange agreed the settlement should be rescinded. Joint court filings contend the CFTC pursued the case under the prior administration based on a whistleblower account t…
U.S. equity futures were largely unchanged in evening trade after Wall Street closed at record highs. Investors remain cautious as reports of talks between Washington and Tehran over the Strait of Hormuz are offset by new U.S. strikes on an Iranian military site, while attention turns to the Personal Consumption Expenditures price index, the Federa…
U.S. prosecutors have charged a Google software engineer with exploiting confidential Google search data to place bets on Polymarket that yielded roughly $1.2 million in profits, according to a complaint unsealed on Wednesday. The complaint alleges the engineer used insider knowledge to back unlikely outcomes tied to Google’s most-searched list, in…
Wells Fargo expects its investment banking and markets businesses to produce mid-teen percentage revenue growth in the second quarter, Chief Executive Charlie Scharf told attendees at the Bernstein Conference. The bank reported double-digit gains in the first quarter across its advisory and markets operations and said it is positioned to expand dep…
A lawsuit filed by Iowa family-owned seed firm Latham Quality alleges Bayer used unlawful tactics to monopolize the U.S. market for genetically engineered corn seeds, particularly those carrying the NK603 trait that confers tolerance to Roundup. The complaint, now public, seeks class status and treble damages and comes amid broader scrutiny of cons…
Amazon announced that Dr. Roy Schoenberg, a co-founder of telehealth provider Amwell, will assume leadership of its healthcare business on July 1. Neil Lindsay, who has led the unit since November 2021, will give up the role and depart the company before the end of the year after a 16-year tenure at Amazon. The company said Schoenberg has also step…
Venezuela’s interim administration has named U.S. advisory firm Centerview Partners to direct its sovereign debt strategy and lead creditor negotiations. The hire, described by multiple insiders as lacking a formal competitive process, has prompted scrutiny about fairness and the involvement of an investor with U.S. government ties. Centerview’s te…
International Business Machines Corp. received a $46,240,505 modification from the U.S. Department of War to continue providing advisory and assistance support aimed at resource allocation and Civil Engineering programs for the Air Force. The change increases the cumulative face value of contract FA7014-24-F-0210 and obligates fiscal 2026 funds at …
Amentum Technology Inc. received a $50.2 million contract modification from the U.S. Department of War to extend base operations support at Naval Submarine Base Kings Bay and nearby areas. The award represents Option Period Five of the original contract awarded in 2020 and raises the contract's cumulative face value to $303.5 million. Execution of …
On May 27 in Washington, the Pentagon announced a five-year, $9.69 billion contract to consolidate Microsoft and other enterprise software licenses across the military services, the intelligence community, and the U.S. Coast Guard into a single purchasing vehicle. The Core Enterprise Technology Agreement is designed to reduce duplicative spending b…
The U.S. Department of War has awarded Boeing Co. (NYSE:BA) an $854,672,911 contract modification to produce and deliver four P-8A Lot 13 aircraft to Foreign Military Sale customers. The modification includes both production and non-recurring engineering elements aimed at addressing diminishing manufacturing sources and material shortages, along wi…
Mexico's main stock index ended the trading session higher on Wednesday, with the S&P/BMV IPC up 1.19% as advances in Industrials, Consumer Goods & Services and Consumer Staples pushed the market upward. Airline and mining-related names were among the top performers, while a handful of financial and infrastructure-linked stocks lagged. Commodity ma…
Dell Technologies said its federal unit won a single-award, firm-fixed-price blanket purchase agreement worth $9.7 billion to handle Microsoft software licensing, cloud subscriptions and Software Assurance for the U.S. military. The deal, awarded under the Department of War Enterprise Software Initiative, covers both classified and unclassified env…
Colombian equities ended the session lower, with the COLCAP benchmark falling 1.51% at the close. Losses were concentrated in the Financials, Investment and Public Services sectors even as several large-cap names posted gains. Commodities and currency moves accompanied the market drop, while market breadth was reported unusually as 0 to 0.
