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.
30,142 total articles
Google and Blackstone are forming a new AI-focused cloud company that will deploy Google’s Tensor Processing Units along with software and services. Blackstone will provide $5 billion and hold a majority stake. The venture aims to bring 500 megawatts of computing capacity online by 2027 and to expand capacity thereafter, positioning itself as a com…
Standard Chartered PLC (LON:STAN) announced plans to reduce corporate functions headcount by more than 15% by 2030 as part of a strategy to lift returns. The bank set a target of roughly 18% return on tangible equity in 2030, aims for annual earnings-per-share growth in the high teens from 2025 through 2028, and said it will support a dividend payo…
Standard Chartered said it will target a return on tangible equity (ROTE) of more than 15% in 2028 and roughly 18% by 2030, while outlining plans to cut corporate function roles by about 15% by 2030. The Asia- and Africa-focused bank said the next phase of growth will be supported by a more integrated operating model and a continued focus on higher…
The administration plans to introduce a regulatory framework to enable trading of tokenized or digital versions of securities. The Securities and Exchange Commission is expected to issue an "innovation exemption" for tokenized stocks imminently. The approach could permit trading of tokens that are not backed by, or authorized by, the companies whos…
Anthropic has updated its approach to information sharing for Mythos, the defensive cybersecurity model deployed under its restricted Project Glasswing initiative. Partners now have clear permission to share findings, tools, and code produced through the program with other organizations and the public, subject to responsible-disclosure norms. The m…
Vida Global Inc. sold 3.75 million Class A shares at $4.00 each in an initial public offering that closed on May 18, raising $15 million. The company’s shares began trading on May 15 under the ticker VIDA; the SEC cleared its registration statement on May 14. Vida positions its platform as model-agnostic and serves enterprise customers directly and…
Labor talks between BP and the United Steelworkers over the future of the Whiting, Indiana, refinery restarted on Monday with no agreement reached. Approximately 800 unionized workers have been locked out since March 19. BP says the lockout must remain in place for talks to continue; the union says the company is pressuring employees and families t…
Iron Dome Acquisition I Corp. completed a $150 million initial public offering by selling 15 million units at $10 each. The special purpose acquisition company began trading its units on the Nasdaq Global Market on May 15, 2026, and expects its Class A shares and warrants to trade separately under the ticker symbols IDAC and IDACW once separation o…
The MOEX Russia Index finished the session up 1.32% as positive moves in the Oil & Gas, Power and Manufacturing sectors pushed the benchmark higher. Notable winners included TATNEFT, Gazprom and Magnit, while Polyus, AFK Sistema and PhosAgro posted declines. Commodity prices climbed modestly and the Russian volatility gauge fell.
Piper Sandler upgraded Deckers Outdoor Corporation to Neutral from Underweight after a recent decline in the share price improved the balance of risk and reward ahead of the company’s fiscal fourth-quarter results due May 21. The firm raised its price target to $100 and projects an earnings and revenue beat for the quarter driven by direct-to-consu…
XP Inc. shares fell 6.6% in after-hours trading following the announcement of a CFO succession plan that will see Victor Andreu Mansur Farinassi leave at the end of May 2026 and Gustavo Alejo Viviani assume the role on August 3, 2026. CEO Thiago Maffra will act as interim CFO during the transition. The board also declared a $0.20 per share cash div…
U.S. equity markets closed mixed on Monday, with the Dow Jones Industrial Average rising 0.32% while the S&P 500 fell 0.07% and the NASDAQ Composite slipped 0.51%. Strength in Oil & Gas, Telecoms and Financials countered weakness in Technology, Industrials and Consumer Goods. Several individual stocks produced large one-day moves, including triple-…
Brazil's main equity index closed lower, driven by declines across Basic Materials, Industrials and Consumption sectors. The Bovespa ended the session down 0.17%, reaching a one-month low, with more stocks falling than rising. Volatility in Bovespa options advanced and key commodities and currency pairs moved modestly during the session.
Berto Acquisition Corp. II completed an initial public offering that generated $315.1 million through the sale of 31.51 million units at $10 each. The units began trading on NASDAQ on May 15, 2026, and the company concurrently completed a private placement and placed the public offering proceeds in trust while signaling a focus on artificial intell…
Akamai Technologies announced a proposed private offering of $2.6 billion in convertible senior notes, split evenly between notes due in 2030 and 2032. The cybersecurity and cloud infrastructure provider said proceeds will support accelerated capital expenditures for its Cloud Infrastructure Services business, expand its global footprint, and cover…
Fitch Ratings raised Ovintiv Inc. and Ovintiv Canada, ULC’s Long-Term IDRs and senior unsecured ratings to BBB from BBB-, and lifted Short-Term IDRs and commercial paper ratings to F2 from F3. The upgrade reflects faster-than-expected execution of a debt reduction plan following the sale of an Anadarko basin asset and significant pro forma declines…
A federal jury in Oakland, California, ruled unanimously on May 18 that OpenAI is not liable for allegedly departing from its founding mission to benefit humanity, finding Elon Musk's suit was filed too late. The verdict, reached in under two hours, prompted market observers and legal specialists to describe the decision as a major removal of legal…
Volkswagen's head in Brazil says the company is monitoring downward pressure on vehicle resale values as lower-priced Chinese automakers expand with electric and hybrid models. Despite geopolitical tensions linked to the war in Iran, Volkswagen reports supply disruptions are under control and has taken temporary measures such as airfreighting parts…
Nvidia CEO Jensen Huang told Bloomberg Television that he expects Chinese authorities to permit imports of U.S.-made artificial intelligence chips over time. Huang, who traveled to Beijing as part of President Donald Trump's business delegation, said discussions about U.S. chip sales surfaced among officials, though he did not conduct direct negoti…
Clear Street said its chief executive, Ed Tilly, will retire from his executive role in June and transition to the board while founder and Executive Chairman Uri Cohen will become CEO effective June 1. The leadership change coincides with the firm eliminating more than 50 positions after abandoning plans to go public earlier this year, and with a p…
Tesla shares fell after SpaceX announced plans for an initial public offering, prompting analysts to warn that Wall Street capital and executive attention may shift toward the space company. The move has interrupted Tesla's role as the primary publicly traded way for retail investors to gain exposure to Elon Musk-led enterprises and coincides with …
A jury found that Elon Musk filed his lawsuit against OpenAI and its executives too late, dismissing his allegation that CEO Sam Altman and President Greg Brockman violated an agreement to keep OpenAI nonprofit. Musk sought roughly $150 billion in damages and the ouster of Altman and Brockman, but jurors unanimously sided with OpenAI after a three-…
Planet Fitness Inc. (NYSE: PLNT) shares climbed 1.7% on Monday following regulatory filings that disclosed open-market purchases by Chief Executive Officer Colleen Keating and board member Frances Rathke. Keating bought 5,000 Class A shares on May 12, 2026 at $49.54 per share, raising her beneficial ownership to 141,511 shares. Rathke acquired 5,00…
Google is running tests that place for-sale home listings inside mobile search results in multiple U.S. markets. The listings, supplied by HouseCanary’s ComeHome platform, appear in a carousel above paid links and include three pay-to-play user actions that send leads to buyer-side agents. The trials mirror December’s short-lived experiment and hav…
A renewed jump in benchmark Treasury yields has heightened risks for segments of the U.S. equity market. Small-cap companies, consumer discretionary and housing-related stocks, dividend-reliant sectors and certain richly valued technology names face particular vulnerability as higher yields lift borrowing costs, erode future cash-flow valuations an…
