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
GlobalFoundries said it expects second-quarter revenue to top Wall Street forecasts, citing accelerating deployments in data centers worldwide. The company pointed to growth in niche product lines, reported first-quarter revenue in line with expectations, and provided adjusted earnings guidance that also exceeded analyst estimates. Shares moved hig…
Digi Power X Inc. announced a Master Services Agreement with Cerebras Systems to colocate a 40 megawatt AI data center campus in Columbiana, Alabama. The initial 10-year term of the contract is valued at about $1.1 billion, with total potential contract value reaching up to $2.5 billion if renewal terms are exercised. The company plans a two-phase …
Nexentis Technologies' stock rose about 10% after its wholly owned subsidiary, MitoCareX Bio Ltd., secured U.S. trademark registration for MITOLINE, a proprietary sequence analysis and alignment algorithm aimed at preparing mitochondrial SLC25 carrier proteins for 3D comparative modeling. The platform is part of MitoCareX's cloud-based discovery en…
Cytokinetics stock climbed 28% after the company reported that ACACIA-HCM, a pivotal Phase 3 study of aficamten in symptomatic non-obstructive hypertrophic cardiomyopathy patients, met both of its primary endpoints and showed statistically significant improvements on secondary measures with no new safety signals.
Amazon announced a new offering, Amazon Supply Chain Services, enabling other businesses to store and ship materials and finished goods using its multi-modal transport and warehousing network. The step broadens Amazon’s addressable market in logistics, drew sharp share-price moves in established carriers and has already attracted major corporate cu…
Coinbase Global said it will reduce its global headcount by roughly 700 employees, about 14% of its workforce as of May 1, 2026, as part of a restructuring aimed at lowering operating costs and aligning the business for the AI era. The company expects the program to be substantially complete in the second quarter of 2026 and estimates total restruc…
IREN Limited said Tuesday it has signed a definitive agreement to acquire Mirantis, a cloud infrastructure and Kubernetes orchestration provider, in a transaction valued at about $625 million paid in IREN ordinary shares. The deal is aimed at strengthening IREN's AI Cloud delivery by improving deployment, monitoring, support and market access for e…
Cellectar Biosciences saw its shares jump 130% in pre-market trading after announcing an oversubscribed financing package that could provide up to $140 million to advance its radiotherapeutic candidate iopofosine I 131 toward a confirmatory study and an FDA accelerated approval filing for Waldenström macroglobulinemia.
Meta Platforms said on May 5 it will extend technology that identifies and places suspected teenage accounts into Teen Account protections to 27 European Union countries and will apply the system to Facebook in the United States, with rollout to the UK and EU planned in June. The company described using advanced AI to analyze profile context and to…
PayPal reported first-quarter results that exceeded analyst expectations as continued consumer spending supported payment volumes. Revenue rose 7% to $8.35 billion and adjusted earnings per share were $1.34, ahead of consensus. Management under new CEO Enrique Lores outlined a reorganization and plans to cut roughly $1.5 billion in costs over the n…
Morgan Stanley upgraded SSAB AB (ST:SSABa) to overweight from equal-weight, increasing its price target to SKr 94 from SKr 73 and placing the stock on its Top Pick list in place of ArcelorMittal. The bank pointed to improving earnings momentum, robust conditions in the U.S. plate market, and a relatively lower sensitivity to energy costs as key dri…
KKR reported stronger fee income and a boost in dealmaking in the first quarter, as the firm raised $28 billion of new capital with flows concentrated in its credit franchise. Adjusted net income rose to $1.2 billion, while some private equity and credit fund returns softened compared with the previous twelve months.
Leidos Holdings raised its 2026 profit and revenue guidance on May 5, citing stronger-than-expected demand for its IT and military intelligence offerings. Growth in its intelligence and digital business, a recent $869 million Army contract for AI-enabled decision systems, and broader Pentagon efforts to replenish weapons stockpiles contributed to t…
Harley-Davidson unveiled a strategic reset that prioritizes more affordable motorcycles, a strengthened dealer network and higher-margin parts and accessories to restore volumes and profitability. The plan, announced under CEO Artie Starrs, targets more than $350 million in motorcycle core profit by 2027 and over $150 million in cost reductions whi…
Morgan Stanley's consumer coverage outperformed the Sensex on average in April, with roughly 90% of the stocks it covers beating the index versus about 60% in March. Food and beverage companies led the monthly advance, while longer-term returns and valuation metrics show a more mixed picture, including pronounced declines for several paint and indu…
On May 5, UnitedHealthcare announced it will eliminate prior authorization requirements for 30% of healthcare services, with a further cut to another 30% of remaining authorizations on selected outpatient procedures and diagnostics by the end of the year. The insurer said prior authorization now applies to only 2% of its medical services, and that …
Raymond James reported last week’s Canadian rail volumes split between a year-over-year decline at CN and growth at CPKC. CN fell 2.3% year-over-year, while CPKC rose 3.8%. Quarter-to-date trends show both carriers up, but with different commodity drivers and notable declines in coal and intermodal for CN and coal and forestry for CPKC.
Wolfe Research published earnings previews for four consumer-facing companies with near-term reports: Bumble, Match Group, Peloton and StubHub. The firm expects a mix of modest beats and misses across revenue, EBITDA and user metrics, with guidance for upcoming quarters varying between below-consensus, bracketing and high-end raises. Share performa…
Indian stock indices finished Tuesday in the red, with the Nifty 50 easing 0.36% and the BSE Sensex 30 down 0.33%. Losses were concentrated in Real Estate, Fast Moving Consumer Goods and Healthcare names, while select industrial and materials stocks outperformed. Market breadth favored decliners on both the National Stock Exchange and the Bombay St…
Brembo shares climbed 7.2% after the company announced that its Sensify intelligent braking platform is entering large-scale production to supply a leading global manufacturer. Brembo said it has signed additional customer contracts and anticipates equipping hundreds of thousands of vehicles each year with the system. Sensify, introduced in 2021, a…
Bullish has signed a definitive agreement to acquire Equiniti in a $4.2 billion transaction that combines blockchain-native infrastructure with a regulated transfer agent serving nearly 3,000 public companies. The move aims to create an integrated platform for the full tokenized asset lifecycle, offering real-time cap table visibility, automated co…
Orange shares rose after Goldman Sachs upgraded the French telecom to Buy and set a €21.60 12-month target, implying about 22% upside from the prior close. The bank's case rests on an organic improvement in returns driven by a structural decline in capital expenditure intensity across France and Spain and stronger-than-expected performance at Orang…
U.S. stock index futures rose early on May 5 as oil prices ticked down, even as fresh exchanges of fire in the Gulf between the U.S. and Iran raised the prospect of renewed instability. Gains in futures contrasted with caution from investors who are weighing military developments against strong corporate earnings and macro data due later in the ses…
Gilead Sciences’ Yeztugo, a twice-yearly injectable for HIV prevention, has seen increasing use since its June launch. Yet U.S. clinicians and advocates say patient interest is mixed and insurance coverage can leave gaps that create out-of-pocket costs. Providers cite plan benefit design, patient preference for daily pills, and injection-site nodul…
Citigroup will present new medium-term profitability targets and business-level growth plans at its upcoming investor day, CEO Jane Fraser said in an interview. The bank intends to raise the bar beyond its existing 2026 guidance, citing gains from a multi-year restructuring that trimmed size, simplified management layers and sold non-core consumer …
