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.
30,155 total articles
Goldman Sachs upgraded Umicore to a buy rating and raised its 12-month price target to €33 from €21, citing materially higher forecasts for the company’s Recycling and Specialty Materials divisions. The brokerage’s revised outlook incorporates reduced hedging coverage that should allow more of spot metal price gains to reach realised earnings, and …
A delegation accompanying the U.S. President on a trip to China will include more than a dozen chief executives and senior corporate leaders from major global companies spanning technology, finance, aerospace, semiconductors, payments and agriculture. The White House has provided a roster of participating executives.
Wolfspeed Inc. stock rose 20% Wednesday morning, marking a seventh consecutive session of gains after thematic research firm Citrini identified the company as its "single-stock highlight" in AI infrastructure. The rise follows a pay-walled Citrini report that highlighted Wolfspeed's post-bankruptcy positioning and capacity posture. The stock has cl…
Shares of companies tied to artificial intelligence infrastructure rose in premarket trading on Wednesday, led by memory chip makers, storage suppliers and optical component manufacturers. The move was propelled by tighter memory supply after labor talks at Samsung broke down and by sentiment tied to Nvidia Chief Executive Jensen Huang joining Pres…
J.P. Morgan has downgraded Heineken from overweight to neutral, attributing the move to the absence of an announced new management team and unclear strategic direction. While Heineken beat sales expectations in Q1 2026, driven by Asia-Pacific and Africa Middle East, the bank expects momentum to slow into Q2 amid weak performance in the Americas and…
Eos Energy Enterprises saw its shares jump more than 23% in pre-market trading after unveiling a joint venture with Cerberus Capital Management to develop long-duration, zinc-based battery storage projects and reporting first-quarter results that beat analyst forecasts. The deal includes a 2 GWh capacity reservation for the joint venture, a $100 mi…
Adani Power Ltd. plans to secure 80 billion rupees ($836 million) from India’s domestic debt markets this year through a mix of public bonds and bank-led loans to fund its planned generation expansion and diversify funding sources, people familiar with the matter said. The package includes a 50 billion-rupee public debt issuance and roughly 30 bill…
Indian equities finished with small gains after the close on Wednesday, led by strength in metals, consumer durables and oil & gas stocks. The Nifty 50 rose 0.14% while the BSE Sensex added 0.07%. Asian Paints, Adani Enterprises and Tata Steel were among the top advancers; Eicher Motors, Mahindra & Mahindra and Hero MotoCorp were notable decliners.…
Chery said it has entered a global strategic partnership with NVIDIA to co-develop and deploy physical AI across advanced driving assistance, in-cabin generative AI and embodied robotics. EXEED, Chery's premium marque, will adopt NVIDIA DRIVE Hyperion for L3/L4 programs, use NVIDIA toolchains to build its software stack, and apply NVIDIA Jetson and…
Bank of America is convening investor meetings next week with senior executives from private AI-focused companies and has singled out BGC Group (BGC) as its leading AI-exposed equity within capital markets coverage. The bank identified five distinct channels through which artificial intelligence could reshape its coverage universe, including new ma…
Third Point, the hedge fund led by Daniel Loeb, has sold its entire stake in CoStar Group and will not mount the planned proxy fight to reshape the company's board and operations. In a letter to investors, Loeb said the fund no longer believes its original thesis is valid. The move follows a sharp drop in CoStar’s share price and parallel pressure …
Web3Labs Global Inc., a Cayman Islands holding company whose operations are conducted mainly through a Hong Kong subsidiary, has filed for an initial public offering. The company plans a firm-commitment offering of Class A ordinary shares with an expected price range of $4.00 to $5.00 per share and has applied to list on the NASDAQ Capital Market u…
Morgan Stanley increased its MSCI Europe price target to 2,700, signaling roughly 11% upside to June 2027 from current levels and projecting 16% total return when dividends and buybacks are included. The bank's base case rests on EPS growth and a higher valuation multiple but it warns that a Strait of Hormuz closure tied to the Iran conflict could …
MediaOn Group Inc. filed paperwork for an initial public offering to sell a total of 5.9 million Class A ordinary shares, with 3 million shares to be offered by the company and 2.9 million to be sold by existing shareholders. The anticipated price range is $4 to $6 per share and the company intends to list on NASDAQ under the symbol MEON, subject t…
S&P 500 and Nasdaq futures rose on May 13 as traders awaited key U.S. economic releases and U.S. President Donald Trump’s visit to China. Optimism for a durable Iran peace deal faded as talks stalled. Oil retreated after a three-day gain, and memory-chip stocks led a premarket rebound following a recent selloff. Fed policy expectations shifted slig…
A five-week-old exchange-traded fund focused on memory chips has attracted more than $6 billion since launching on April 2, becoming the fastest-growing ETF debut on record as retail investors pile into semiconductor exposure tied to data center demand for AI. The surge has lifted the Roundhill Memory ETF (DRAM) but also left it vulnerable to sharp…
Attorneys for the U.S. Securities and Exchange Commission and Elon Musk will appear before a federal judge to press for approval of a $1.5 million settlement tied to Musk's 2022 acquisition of Twitter. The agreement would end an SEC suit alleging Musk delayed disclosure of a 5% stake in the company in April 2022, a delay the agency says saved him $…
A dramatic rally in semiconductor stocks, led by the AI-driven enthusiasm around Nvidia and echoed across memory and chipmakers, has become a principal driver of the broader U.S. equity advance. While fundamentals tied to massive data-center spending underpin the move, the speed and concentration of the gains have produced technical readings and ma…
Birkenstock reported second-quarter revenue below analyst expectations as uneven demand for higher-end sandals and clog styles weighed on sales. The company said the U.S.-Israel war on Iran disrupted deliveries to the Middle East and shaved about 6 million euros from its EMEA segment, but it left its annual sales and profit outlook unchanged, citin…
China has objected to recent U.S. congressional proposals aimed at restricting the sale and servicing of advanced chipmaking equipment to Chinese firms. The MATCH Act and related measures are expected to surface during high-level talks in Beijing and have prompted Chinese diplomatic and regulatory responses, including warnings of countermeasures an…
Eli Lilly has launched its Alzheimer’s treatment Lormalzi in India, setting a list price of 91,688 rupees for a 350 mg vial. The intravenous therapy, also known as Donanemab and sold in the U.S. as Kisunla, has cleared Indian marketing authorization for patients in the mild cognitive impairment and mild dementia stages and is scheduled to become co…
Volvo Cars is exploring partnerships with U.S. companies to raise production capacity at its South Carolina factory, CEO Hakan Samuelsson said. The company is looking at cooperation in assembly, construction, sourcing and broader supply-chain activities as it expands its American operations. The initiative is framed against a backdrop of global man…
Alibaba's fourth-quarter revenue grew 3% year-over-year, driven by strong performance in its Cloud Intelligence Group and recent enterprise AI offerings. China e-commerce revenue also exceeded estimates after local subsidy programs encouraged electronics trade-ins. However, overall revenue missed LSEG consensus as the company's international e-comm…
Birkenstock's stock plunged more than 11% in pre-market trading after the company reported fiscal Q2 2026 results that missed analyst expectations on both revenue and adjusted EPS. Sales totaled €618.3 million, slightly below consensus, while adjusted EPS fell to €0.50 from €0.55 a year earlier and missed the €0.59 estimate. Management kept its ful…
Volvo Cars says it is prepared to cooperate with other companies in the United States to make fuller use of capacity at its South Carolina plant. CEO Hakan Samuelsson outlined the firm's openness to partnerships across assembly, construction and supply-chain activities while stressing the need for greater industrial presence in the U.S. amid moves …
