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.
18,331 total articles
BMO Financial has appointed David Descoteaux, formerly of UBS, to lead its U.S. mergers and acquisitions team covering capital markets and commercial banking. He will begin on June 1 and report to senior heads of investment and commercial banking as the lender consolidates teams to bolster North American deal capabilities.
Russian equities closed lower on Friday with the MOEX Russia Index dropping 0.70% to a fresh six-month low. Losses were concentrated in the Mining, Oil & Gas and Power sectors. Market breadth favored decliners, commodity prices were mixed and the ruble depreciated against the dollar while implied volatility rose slightly.
Barclays has highlighted five software firms it expects to benefit as artificial intelligence changes enterprise security and government technology needs. The bank focused on companies providing core security infrastructure and data protection as AI adoption increases, singling out Palo Alto Networks, CrowdStrike, Varonis Systems, Cloudflare, and T…
Moody’s Investors Service moved EQT Corporation’s outlook from stable to positive on Friday while affirming the company’s Baa3 senior unsecured notes rating, (P)Baa3 senior unsecured shelf rating, and (P)Baa3 senior unsecured MTN program ratings. The upgrade in outlook reflects roughly $8 billion of debt reduction since EQT closed its July 2024 acq…
Quantinuum Inc., the quantum computing company with backing from Honeywell International Inc., is reportedly considering enlarging its initial public offering by increasing both the number of shares for sale and the price range by about 10%. That move, driven by strong investor demand, could raise the targeted proceeds by several hundred million do…
Canadian equities finished Friday's session higher, with the S&P/TSX Composite rising 0.70% as advances in information technology, materials and telecoms supported the market. A number of individual names posted double-digit percentage moves in both directions, while volatility measures eased and commodity prices diverged between gold and crude oil…
Brazil's main stock index closed lower on Friday, slipping 0.70% to a fresh three-month low as losses in Basic Materials, Consumption and Real Estate weighed on the market. Gains in select names such as Totvs and Usiminas were outweighed by steep declines in Minerva, Braskem and Magazine Luiza. Commodity prices and the CBOE Brazil Etf Volatility in…
U.S. equities finished higher after the close on Friday, with the Dow Jones Industrial Average rising 0.72% to a record close. The S&P 500 gained 0.22% and the NASDAQ Composite added 0.21%, with notable winners including IBM, Dell and NetApp, while several healthcare and retail names weighed on the session.
OpenAI has engaged in discussions with Citigroup and JPMorgan about participating in its planned initial public offering, Bloomberg reported, citing people familiar with the matter. The talks come as OpenAI readies a confidential IPO filing expected within weeks and a potential market debut later this year. Goldman Sachs and Morgan Stanley are alre…
Mynd.ai Inc said it has regained compliance with NYSE American continued listing requirements after filing its Annual Report on Form 20-F for the year ended December 31, 2025. The filing resolved a notice of non-compliance issued in May related to a missed SEC filing deadline, and the company’s American Depositary Shares will continue trading witho…
Moody's downgraded multiple credit ratings for Bally's Corporation, moving the Corporate Family Rating to B3 and the Probability of Default rating to B3-PD, while keeping the speculative grade liquidity rating at SGL-3 with a stable outlook. The firm cited governance issues and rising debt tied to development plans and sale-leaseback transactions, …
Fitch Ratings raised Uber Technologies, Inc.'s long-term issuer default rating to A- from BBB+, citing an expanded operating mix beyond ride sharing, improving profitability in its delivery business and conservative financial policies. The upgrade included senior and convertible notes and left the short-term rating at F1, with Fitch highlighting lo…
Fitch Ratings upgraded Viavi Solutions Inc. to BB from BB- and assigned a stable outlook after the company used net proceeds from an equity issuance to retire first-lien term loan debt. The move reduced projected fiscal 2026 EBITDA leverage from 5.1x to 2.6x and prompted an upgrade of senior unsecured notes to BB with a Recovery Rating of RR4. Fitc…
Rio Tinto has begun commissioning a $1.5 billion expansion at its Complexe Arvida aluminium smelter in Quebec. The project will bring 96 new pots online, boosting annual low-carbon primary aluminium output by about 160,000 metric tonnes to a total of 220,000 metric tonnes using AP60 technology. The expansion is linked to ELYSIS carbon-free electrol…
The U.S. Space Force has granted SpaceX a $4.16 billion contract under the Space-Based Airborne Moving Target Indicator (SB-AMTI) program. The award, made via an Other Transaction Authority agreement, aims to deploy a space-based sensor layer to track airborne threats globally and complement existing airborne platforms. The program uses a hybrid ac…
Scotiabank has signed a definitive agreement to acquire Maple Financial Holdings, Inc., the parent of MapleMark Bank, a U.S. commercial bank centered in Dallas, Texas. The purchase will enable Scotiabank to offer FDIC-insured deposits to clients, aiding its Mortgage Capital Markets business and deposit-growth objectives. The deal is subject to stan…
Universal Music Group's board unanimously declined an unsolicited cash-and-stock proposal from Pershing Square Capital Management, concluding the offer materially undervalued the company and did not serve shareholder and stakeholder interests. UMG pointed to recent strategic initiatives and strong operating metrics as justification for maintaining …
A London arbitration tribunal has directed ZCCM Investments Holdings Plc to make a payment of approximately $92 million to Trafigura, resolving a dispute tied to a prepayment agreement involving Konkola Copper Mines. The final award, issued on May 22, includes principal, accrued interest through March 31, and contributions toward legal and arbitrat…
iHeartMedia shares plunged sharply after reports that early-stage merger discussions with SiriusXM were put on hold because the companies could not reach agreement. The move hit both the stock and iHeartMedia's high-yield bonds, while each company shifts focus back to growing its podcast business independently.
Palantir Technologies stock jumped 8.7% in afternoon trading to $155.78 as a surge in AI software sector enthusiasm coincided with renewed investor confidence in the company’s business trajectory. Validation of Palantir’s collaboration with Dell following Dell’s robust AI server revenue, plus a string of government contracts and strong Q1 2026 resu…
Microsoft shares climbed 3.7% to $442.81 in afternoon trading as a trio of company-specific developments — bullish analyst notes on Azure capacity, links to a sizeable Department of Defense procurement vehicle that can route customers to Microsoft offerings, and reports of an imminent coding-focused AI model to be shown at Build — prompted a strong…
Wall Street closed the week at record levels after reports that the U.S. and Iran reached a deal to extend a ceasefire and lift restrictions on vessel movement through the Strait of Hormuz. A string of robust corporate earnings and strategic AI-related partnerships powered sharp rallies in several technology and infrastructure names, led by Dell, S…
Stocks experienced pronounced movement on Friday, with large-cap technology names such as Dell and IBM among the leaders to the upside. Gains were broad across market-cap categories, led by upgrades and earnings beats, while a separate group of companies fell after revenue shortfalls, guidance misses or equity offerings. The day’s action produced s…
Market participants will face a compact set of potentially market-moving events on Monday, June 1, 2026, led by remarks from Federal Reserve Chair Jerome Powell. Fresh readings on manufacturing activity - the Manufacturing PMI and the ISM Manufacturing PMI - are due the same morning and will provide updated views on industrial conditions. Additiona…
Quarterly reporting continues Friday, with Hewlett Packard Enterprise and Credo Technology scheduled to announce results after the market close and a defense contractor slated to report before the open. Estimated earnings per share and revenue figures are available for each company ahead of their releases.
