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
Huhtamaki reported first quarter results that outperformed analyst estimates on both operating profit and earnings per share, with strength coming from its fiber unit and North American operations. Sales rose 1% versus prior quarter declines, aided in part by Easter timing. Management reiterated a steady 2026 trading outlook but cautioned that high…
Kambi Group reported modest revenue growth and a sizeable jump in EBITA margin for the first quarter, and reiterated its full-year EBITA guidance for fiscal 2026 even as a €4 million tax increase in Colombia creates a headwind. The supplier expects flat total expenses for the year as efficiency programmes offset inflation and flagged customer migra…
Pernod Ricard said it has ended merger discussions with Brown-Forman after the parties were unable to agree on mutually acceptable terms. Conversations that began a little over a month ago concluded without a deal. Pernod Ricard said the proposed combination - initially described as a partnership that would operate as a merger of equals when first …
Symrise reported first-quarter revenue of €1,249 million, beating analyst expectations of €1,231 million. Organic sales contracted 0.4% versus a consensus forecast of -1.6%. The Taste, Nutrition & Health division showed organic growth of 1.7%, while Scent & Care fell 3.4% organically. The company left its fiscal 2026 guidance for organic growth and…
Melexis NV reported first-quarter sales that modestly exceeded analyst expectations while keeping its guidance for the first half of 2026 unchanged. The company delivered slightly stronger-than-expected revenue and margins, but earnings per share fell short of consensus. Management signaled stabilization in China automotive demand, solid European m…
Austrian industrial technology firm Andritz reported modest year-over-year revenue growth of 1.7% in the first quarter, a 2.9% rise in net income to 91.8 million euros, and record order intake driven by mid-sized Hydropower contracts. The service business expanded, led by gains in Pulp & Paper and Hydropower. Management published a 2026 revenue ran…
Taiwan's benchmark index closed at a fresh all-time high after a broad rally led by the Semiconductor, Electronics and Electrical/Machinery sectors. Several mid- and small-cap names posted double-digit percentage moves, while select stocks recorded significant declines. Commodity and currency markets showed modest movement amid the equity gains.
Gjensidige Forsikring reported first-quarter earnings that came in 8% above expectations, driven by stronger underwriting outcomes, a better underlying loss ratio and investment returns that far exceeded forecasts. Revenue growth remained solid at 10.6%, while the company’s solvency ratio exceeded forecasts. Offsetting positives were a significant …
Taiwan Semiconductor Manufacturing Co. (TSMC) has sold all of its holdings in British chip designer Arm Holdings, disposing of 1.11 million shares at $207.65 apiece for total proceeds of $231 million, according to a filing. The move leaves TSMC with no remaining Arm equity after previous investments and a 2024 partial sale.
Finnish elevator manufacturer Kone has reached an agreement to purchase German rival TK Elevator from private equity owners Advent International and Cinven for 29.4 billion euros ($34.40 billion), a deal that would produce the world’s largest lift maker and is the largest takeover in Finland's history. Kone projects roughly 700 million euros of ann…
Mercedes-Benz posted a 17% fall in first-quarter operating profit to 1.9 billion euros, topping analyst expectations but showing margin compression as China weakness, steep tariffs and the transition to electric vehicles weigh on results. Revenue missed estimates and the core cars division saw adjusted return on sales fall to 4.1% from 7.3% a year …
Shares of Baidu and other China-listed robotaxi operators fell after a report said Chinese regulators suspended approvals for new high-level autonomous driving permits following widespread failures of Baidu’s Apollo Go vehicles. The pause, which blocks fleet growth and new pilots, comes after an incident in late March in which more than 100 Apollo …
Amundi reported a 15% increase in adjusted net income for the first quarter, driven by record net inflows and higher revenues. Revenues rose nearly 10% year-on-year to €902 million, while net inflows reached €32 billion — the strongest quarterly intake in over four years — led by €24 billion into ETF and index solutions. Assets under management cli…
UBS reported an 80% year-on-year increase in net profit for the quarter ended March 31, reaching $3.0 billion and comfortably exceeding Bloomberg estimates of $2.42 billion. The Swiss bank cited strong results across global wealth management, asset management and investment banking, with its trading desk boosted by recent market volatility. Managem…
Ping An Insurance reported a 7.6% year-on-year rise in operating profit attributable to shareholders for the quarter ended March 31, driven by gains in life and health insurance and steady performance at its banking unit. Net profit declined amid investment-related volatility, while shares in Hong Kong jumped on the results.
Tesla has announced plans to bring its Full Self-Driving (FSD) V14 Lite software to markets outside the United States following the expected deployment for vehicles equipped with Hardware 3 (HW3) in the U.S. The company says the move is intended to maintain software support for HW3 owners as newer hardware platforms appear, but the global rollout t…
Asian equities traded unevenly as investors digested heightened U.S.-Iran tensions, awaited the U.S. Federal Reserve decision and assessed a strong Australian inflation print that lifted expectations for tighter policy. Technology shares in China were mixed after a drop in Hua Hong Semiconductor, while oil prices stayed elevated amid disruptions ar…
Taiwan Semiconductor Manufacturing Co.'s subsidiary sold its remaining holding in Arm Holdings, disposing of 1.11 million shares at $207.65 each for roughly $231 million. The transaction, completed from April 28 to 29, wiped TSMC's remaining exposure to Arm and produced a $174 million impact on retained earnings. TSMC had originally invested about …
BYD's shares climbed after first-quarter results showed net profit and revenue weaker year-over-year but in line with or slightly above market expectations. A substantial increase in exports, which made up roughly 45% of Q1 vehicle deliveries, is supporting the company as domestic demand cools following subsidy reductions.
Shares of Hua Hong Semiconductor fell after U.S. Commerce Department letters told multiple equipment suppliers to stop sending certain chipmaking tools to facilities associated with the company. The restrictions are said to target two plants considered capable of producing advanced chips, and several major equipment makers with China exposure saw t…
Asian markets opened cautiously on Wednesday as concerns over the Iran conflict and fresh questions about the health of the AI sector weighed on sentiment ahead of a Federal Reserve policy decision and major U.S. tech earnings. Energy prices climbed amid stalled peace efforts, while U.S. futures were mixed and Treasury yields nudged higher.
Microsoft will roll out its Copilot 365 AI assistant to about 743,000 Accenture employees, marking the largest enterprise deployment of the tool. The agreement amplifies Microsoft's effort to convert 365 users into paid subscribers while highlighting both promising internal productivity results reported by Accenture and investor concerns over broad…
Goldman Sachs has prevented its Hong Kong bankers from accessing Anthropic's Claude models after a contractual interpretation, with employees reportedly unable to reach the models for several weeks. An Anthropic spokesperson said Claude was never officially supported in Hong Kong. The bank's move follows consultation with Anthropic and does not aff…
U.S. equity futures edged up Tuesday evening following a weak cash session, as investors prepare for a concentrated slate of earnings from major technology companies and the Federal Reserve's policy meeting. Technology and semiconductor names led declines earlier in the day after a report raised questions about OpenAI's targets, while oil prices re…
Pershing Square has raised $5 billion for a newly launched closed-end fund that will be part of a combined U.S. initial public offering for the alternative asset manager. The fund, Pershing Square USA (PSUS), is the firm's first product marketed to both institutional and retail U.S. investors that carries no performance fees. Both PSUS and Pershing…
