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.
30,145 total articles
Shares of Birkenstock have tumbled after the company reported softer quarterly growth and failed to raise its full-year sales outlook, with management citing U.S. tariffs and the conflict in the Middle East. Once positioned as a modern luxury name after its 2023 IPO, the brand now faces a market reassessment that narrows expectations to a steady, l…
A limited-edition pocket-watch collaboration between Swatch and Audemars Piguet ignited intense demand at retail locations worldwide, prompting temporary store closures and crowd controls. Priced at $400 to $420, the Royal Pop models have rapidly appeared on resale platforms at dramatically higher prices, while Swatch reports huge online interest a…
Bernstein has launched coverage of Basic-Fit NV at an "outperform" rating, setting a price target of €43, which implies roughly 45% upside from the May 14 closing price of €29.62. Using a discounted cash flow model with a 10.2% WACC and a 2% terminal growth rate, the broker outlines a multi-year growth and margin recovery story driven by club matur…
Hims & Hers Health said it will offer $300 million of convertible senior notes due 2032 to qualified institutional buyers, a move that coincided with a roughly 7% decline in its stock price on Monday. The company plans to deploy proceeds to preserve flexibility for its international expansion - including a proposed acquisition - and to fund technol…
Design Therapeutics (NASDAQ:DSGN) climbed 27% after reporting four-week data from its RESTORE-FA study of DT-216P2 in Friedreich ataxia. The investigational therapy produced dose-dependent improvements on multiple clinical measures, increases in endogenous frataxin mRNA and protein, and was generally well tolerated across dose cohorts through four …
A recent uptick in long-term U.S. Treasury yields unsettled markets, but a UBS strategist argues the broader equity advance is unlikely to be derailed while growth drivers remain intact. The rise in yields was linked to higher oil prices and spillovers from U.K. rate volatility. Government stimulus, robust consumer spending and rising corporate inv…
Compass Minerals has agreed to a memorandum of understanding with EnergyX, a General Motors-backed technology startup, that would, if finalized, bring EnergyX investment of more than $400 million to deploy direct lithium extraction (DLE) technology at the Great Salt Lake in Utah. The lake is estimated to hold in excess of 2.4 million metric tons of…
Compass Pathways shares jumped sharply in pre-market trading after the company reported better-than-expected first-quarter results and secured an accelerated regulatory path for its COMP360 psilocybin therapy. A rolling New Drug Application review, a Commissioner’s National Priority Voucher, and a string of analyst upgrades helped push the stock we…
Commerzbank AG’s management and supervisory boards have jointly recommended shareholders reject UniCredit S.p.A.’s voluntary public takeover offer, arguing the proposal does not present an adequate premium, undervalues the bank, and poses risks to its existing business. The banks contend Commerzbank will deliver greater shareholder value by pursuin…
On May 18, Anglo American announced the sale of its Queensland steelmaking coal mines in the Bowen Basin to UK-based Dhilmar for up to $3.88 billion. The transaction includes $2.3 billion in upfront cash and up to $1.58 billion of contingent payments tied to coal prices, with proceeds designated to reduce debt as Anglo pursues a merger with Canada'…
Evercore ISI strategist Julian Emanuel places a base-case target of 7,750 for the S&P 500 by year-end 2026, while assigning a 30% probability to a bull case that would propel the index to 9,000. Emanuel argues that a confluence of a structural, technology-led market and sweeping geopolitical change is widening potential outcomes, and he highlights …
Alphabet’s YouTube, Snap and TikTok have agreed to settle claims by a rural Kentucky school district that argued social media platforms contributed to a youth mental health crisis and forced schools to bear related costs. The settlements, filed in federal court in Oakland, California, resolve Breathitt County School District’s suit against those th…
India's major stock indices ended Monday with modest gains, led by Technology, IT and Green Energy sectors. The Nifty 50 ticked up 0.03% at the NSE close while the BSE Sensex added 0.10%. Tech Mahindra, Infosys and Bharti Airtel were among the session's strongest performers, while Tata Steel, Power Grid and NTPC registered notable declines.
Deutsche Bank downgraded its recommendation on BPER Banca S.p.A. from buy to hold but left the €13.40 price target unchanged after first-quarter 2026 results showed widespread outperformance across Italian banks and asset gatherers. Analyst Giovanni Razzoli described the quarter as another strong set of results, with banks and asset gatherers beati…
Ford Motor said it will begin manufacturing a compact version of the Bronco SUV at its Valencia, Spain plant in 2028 and roll out seven new models across Europe by the end of 2029. The plan includes five passenger vehicles built in Europe for European buyers and two commercial models under the Ford Pro banner, while the company pursues software and…
Shares of Future Plc dropped more than 9% on Monday after Stifel downgraded the media group to "hold" from "buy" and reduced its price target from 990p to 355p. The broker cited ongoing top-line decline, the company’s struggle to migrate brands to a channel-agnostic model, and increasing exposure to Google Discover as AI reshapes search traffic. St…
Citi updated its outlook for the server CPU market and lifted price targets on Intel and AMD after building a new TAM model that projects growth from $29.3 billion in 2025 to $131.5 billion by 2030. The bank divides the CPU market into general-purpose CPUs, AI head nodes, and agentic CPU applications, with the latter forecast to expand most rapidly…
A senior Indian petroleum ministry official told reporters that the country has been buying Russian crude before, during and after the U.S. waiver period, stressing commercial rationale for purchases and saying supplies remain sufficient. The ministry also reported daily revenue losses for state fuel retailers of about 7.5 billion rupees and said t…
Dozens of state-level bills seeking to limit or eliminate mandatory vaccinations failed this year after public health organizations mobilized lobbying campaigns that convinced Republican legislators in multiple states to oppose the measures. The setbacks represent a series of defeats for groups aligned with the "Make America Healthy Again" coalitio…
Elon Musk told attendees at a mobility summit that Tesla already has self-driving cars running in Texas without human safety monitors and that the deployment will broaden across the United States before year-end. He reiterated long-term predictions about autonomous driving's dominance and discussed developments at SpaceX on reusable rockets and pla…
Ryanair Chief Executive Michael O’Leary said he does not expect a jet fuel shortage to force cancellations across Europe this summer, describing fuel supplies as robust. He also cited positive signals from Boeing on the MAX 10 certification timeline, said the carrier will agree significant crew pay increases this year, and highlighted the company’s…
Xpeng has started mass production of its inaugural robotaxi at its Guangzhou headquarters, deploying a vehicle built on the company’s GX platform. The automaker plans pilot operations in the second half of this year and aims to introduce fully driverless services by early 2027, while projecting production of hundreds to thousands of units over the …
A New York judge will rule on whether items recovered from the backpack of the man accused of killing a UnitedHealthcare executive can be admitted at his state murder trial. Defense attorneys contend the backpack search and post-arrest questioning were unlawful; prosecutors say officers followed procedures and point to additional forensic and video…
A near-closure of the Strait of Hormuz tied to the U.S.-Israeli war with Iran is disrupting global oil and liquefied petroleum gas (LPG) flows. India has moved to prioritize LPG for household cooking, cutting alkylate output used as a gasoline additive. That reduction is worsening an already tight California gasoline market, contributing to the sta…
Ford said on Monday it will introduce seven new models in Europe by 2029, including five passenger vehicles (among them a small electric car and a compact electric SUV) and new commercial offerings. The move accompanies ongoing restructuring in Germany and a public critique of EU policy that the company says should account for consumer demand and s…
