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
Bank of America has recruited Richard Hardegree, a veteran M&A banker from UBS with a three-decade track record in technology and semiconductor deals, to fill the role of vice chair of M&A. The hire, confirmed in an internal memo and by a Bank of America spokesperson, positions Hardegree in Palo Alto beginning in August, reporting to the bank's co-…
Quantinuum Inc., the quantum computing business formed from Honeywell Quantum Solutions and Cambridge Quantum, filed a registration statement with the U.S. Securities and Exchange Commission to pursue an initial public offering of Class A common stock on the Nasdaq Global Market under the ticker symbol QNT. The company disclosed recent revenue, los…
Canadian stocks finished Friday's session in positive territory, driven by advances in the Materials, Consumer Discretionary and Consumer Staples sectors. The S&P/TSX Composite rose 0.65% as several resource names and miners posted strong gains; Teck Resources B hit all-time highs. Market breadth was positive while implied volatility on the TSX inc…
Brazil's main equity index, the Bovespa, closed higher on Friday, buoyed by advances in Basic Materials, Financials and Electric Power sectors. The benchmark gained 0.49% in Sao Paulo trading, while market breadth was narrowly positive. Several individual names posted substantial moves in both directions, and volatility measures, commodities and cu…
U.S. equity benchmarks closed higher on Friday, driven by outsized gains in technology and select consumer and materials names. The S&P 500 and Nasdaq outperformed the Dow, while market breadth on both exchanges remained positive. Several individual stocks recorded multi-year highs and lows. Commodities and currencies posted modest moves alongside …
Brazilian carrier Azul expects about a 1 billion reais ($204.15 million) impact from higher jet fuel prices this year, but its recent restructuring and adjustments to capacity and fleet commitments are expected to blunt much of the effect. CFO Antonio Carlos Garcia, who joined the airline in April from Embraer, outlined plans to tighten cost contro…
Quantinuum has submitted a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common stock, according to a statement from Honeywell. The company intends to list on the Nasdaq Global Select Market under the ticker QNT. Key offering terms, including the number of s…
Quantinuum has submitted paperwork for a proposed initial public offering on the Nasdaq under the ticker QNT. The company says it was established to lead the transition of quantum computing from research toward early commercial adoption and will be led through the offering by J.P. Morgan and Morgan Stanley as joint lead underwriters.
A proposed class action filed on May 8 accuses Nike of not refunding customers for price increases tied to tariffs that were later invalidated by the U.S. Supreme Court. Plaintiffs say Nike passed tariff costs to shoppers and has received or stands to receive government refunds, creating a potential double recovery unless the court intervenes.
Inspire Brands has confidentially filed a draft registration statement on Form S-1 with the Securities and Exchange Commission as the company advances plans for an initial public offering of its common stock. The filing does not yet specify how many shares will be offered or the expected price range. The company said net proceeds would be used to r…
Diamondback Energy has purchased put options that would pay off if the spread between U.S. West Texas Intermediate (WTI) crude and Brent crude widens to roughly minus $42 a barrel in coming quarters. The positions, disclosed in the company's quarterly filing, would produce gains for the producer if a U.S. ban on crude exports pushes WTI sharply low…
Raymond James upgraded Fastly to Outperform from Market Perform and set a $23 price target, pointing to improved operations, accelerating AI-driven traffic demand, and momentum in the company’s security offerings. The firm raised revenue forecasts for 2026 and 2027 and highlighted positive free cash flow and disciplined infrastructure spending as s…
Federal prosecutors unsealed an indictment detailing a years-long insider trading operation sourced from confidential M&A information. Two people familiar with the probe identified the unnamed former Wachtell attorney in the indictment as Avi Sutton, who left the law firm to take an executive role at LionTree. Sutton has not been charged; prosecuto…
Anthropic PBC has agreed to a $1.8 billion cloud computing contract with Akamai Technologies Inc., according to people familiar with the matter. Akamai confirmed it won a seven-year cloud deal with a 'leading frontier model provider' but did not identify the client. The arrangement will deliver cloud resources to Anthropic for its artificial intell…
Anthropic has entered into a $1.8 billion agreement with Akamai Technologies to secure cloud computing capacity as demand for its artificial intelligence software grows. Akamai shares surged after the company disclosed a long-term cloud arrangement with a frontier model provider without naming the partner. Akamai and Anthropic both declined to comm…
The cessation of Spirit Airlines' operations and its expedited liquidation process have made a number of late-model A320neo airframes and GTF engines available for disassembly. Industry participants say removing GTF Pratt & Whitney engines from grounded Spirit jets and leasing them to carriers with sidelined aircraft is offering limited, temporary …
By 2:30 p.m. New York time on Friday, options trading in Cisco Systems Inc. reached 101,940 contracts. Call activity accounted for the bulk of the flow with 82,501 contracts, while puts totaled 19,439 contracts. Multiple call strikes across May 2026 and a January 2027 contract registered the largest executed volumes and varied open interest levels.
OnlyFans has agreed to sell a 16% stake to investment firm Architect Capital in a transaction that values the subscription-based adult-content platform at $3.15 billion. The terms call for Architect to pay $535 million for the minority stake, according to reporting on the deal. The companies have not publicly commented, and the transaction follows …
Options volume in Micron Technology surged to 1.28 million contracts by 2:20 p.m. New York time on Friday, driven by elevated call activity and record put interest. The stock climbed 13.1% to $731.24 as three-month volatility rose and skew moved further negative, with several May 8, 2026 strikes seeing the heaviest trading.
Britain's Financial Conduct Authority warned that a tribunal hearing on legal challenges to its £9.1 billion car finance compensation scheme is unlikely to take place before October. The regulator told lenders to prepare for the possibility the scheme could be wholly scrapped and said it was discussing with the Tribunal and challengers the potentia…
U.S. equities climbed to record levels on Friday, recovering from the prior session as strength in semiconductor stocks and a stronger-than-expected April jobs report lifted the market. Chipmakers from AMD and Intel to Nvidia and memory names registered sizable moves, while large energy names retreated amid evolving developments in the Strait of Ho…
Saudi quick-delivery startup Ninja has retained Citigroup, Goldman Sachs, Riyad Capital and UBS to advise on a possible Riyadh initial public offering that could seek about $1 billion in proceeds, with a potential timetable toward the end of 2026 or early 2027. The company is still weighing its options and could opt for alternative capital-raising …
Block Inc. shares climbed after the company reported first-quarter 2026 results that outperformed expectations and raised its outlook for the year. The fintech beat EPS estimates, posted triple-digit growth in several operating metrics across Cash App and Square, and announced a raised full-year plan calling for robust gross profit and adjusted EPS…
Markets experienced pronounced intraday volatility on Friday, with major semiconductor names among the strongest performers and several cloud and small-cap stocks posting outsized moves in both directions. Intel and Micron led gains among mega-cap chipmakers, while a mix of large-, mid- and small-cap companies moved on discrete news including corpo…
On Monday, May 11, 2026, the release of existing home sales data will be the focal point for market participants, with a forecast of 4.05 million annualized units against a prior reading of 3.98 million. A string of Treasury auctions and additional indicators, including the CB Employment Trends Index and month-over-month housing sales, are also sch…
