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
Bill Ackman’s Pershing Square has raised about $5 billion in gross proceeds through a combined share placement and an initial public offering in the United States. The closed-end vehicle Pershing Square USA will list on the New York Stock Exchange under PSUS, while Pershing Square Inc, the manager of Ackman’s funds, will trade under PS. The transac…
Pershing Square USA and Pershing Square Inc. have set pricing for their joint initial public offerings. PSUS and PSI shares are slated to begin trading on the New York Stock Exchange on April 29, 2026, with the Combined IPO and a previously announced private placement expected to provide PSUS with approximately $5 billion in gross proceeds before f…
Brazilian antitrust authority CADE has initiated an administrative proceeding to examine whether LATAM and Gol coordinated fares in the domestic passenger market. The action follows an earlier 2023 probe by CADE’s general superintendence that used advanced analytics and reported persistent interdependence in price changes on key routes. Both airlin…
On April 28, the United States together with Bolivia, Costa Rica, Guyana, Paraguay, and Trinidad and Tobago issued a joint statement affirming Panama's sovereignty and warning against what they described as targeted economic pressure from China. The statement followed Panama’s Supreme Court decision to nullify the legal framework underpinning CK Hu…
Shares of storage-focused technology companies rallied in after-hours trading after Seagate Technology issued stronger-than-expected revenue guidance for its fiscal fourth quarter. Investors interpreted the outlook as a signal that enterprise spending on artificial intelligence infrastructure will continue to support demand for data-storage hardwar…
During a meeting in Washington as part of a four-day state visit, King Charles spoke with senior executives from major U.S. technology companies about the funding challenges faced by early-stage startups, particularly those emerging from university research. Attendees included leaders from Amazon, Apple, Nvidia, AMD, Salesforce and Alphabet. The di…
Authentic Brands Group's founder and CEO said the company will try again to list publicly soon and that pending acquisitions could lift annual sales past $50 billion by year-end. The group is ahead of a five-year $100 billion sales target and is directing M&A activity toward kids entertainment and hospitality, with AI tools speeding deal execution.…
Mexico's benchmark S&P/BMV IPC finished lower, falling 1.06% at the close on Tuesday. Losses were concentrated in Industrials, Consumer Goods & Services, and Consumer Staples. Several large-cap names posted notable declines, while commodity and FX markets moved during the session, with crude oil higher and gold futures lower.
Colombia's benchmark index closed lower on Tuesday, with the COLCAP falling 1.02% to a one-month low. Losses were concentrated in the Financials, Investment and Public Services sectors. While several heavyweight issues declined, a handful of stocks finished higher, and commodities and currency measures showed mixed moves.
Russia's main share index closed lower on Tuesday, with losses driven by the Mining, Power and Oil & Gas sectors. The MOEX Russia Index fell 1.27% to a fresh three-month low as a broad number of stocks lost ground. Several major components recorded notable declines while a small group of names finished higher or unchanged. Volatility on the MOEX op…
A U.S. district judge has refused to dismiss a 2025 lawsuit by BASF accusing Duracell, owned by Berkshire Hathaway, of stealing trade secrets related to a proprietary process for producing a high-performance cathode material used in lithium-ion batteries. The decision is under seal while the parties propose redactions.
Grupo Televisa reported a first-quarter net profit of 1.03 billion pesos, more than triple the prior year, while group revenues fell 3.1% to 14.51 billion pesos. The company said improved margins, lower corporate costs and taxes, and higher income from an increased stake in its combined business with Univision supported the earnings beat amid a slu…
NXP Semiconductors issued guidance for the second quarter that exceeds Wall Street projections, citing a pickup in industrial and automotive demand as customers work through pandemic-era inventory. The stronger-than-expected outlook lifted NXP shares by roughly 15% in extended trading. The company also reported first-quarter revenue and adjusted ea…
PPG Industries reported first-quarter net sales of $3.93 billion, a 7% year-over-year increase that exceeded analyst consensus. The company cited recent price increases and resilient demand in aerospace, protective and architectural coatings as drivers. PPG also reported adjusted earnings of $1.83 per share, topping the $1.77 estimate, and reiterat…
Pernod Ricard said it has terminated merger negotiations with Brown-Forman after the two companies could not agree on mutually acceptable terms. The talks, revealed last month, would have paired the world's second-largest spirits maker with the largest producer of American whiskey. Brown-Forman shares dropped about 4% in after-hours trading while P…
Brown-Forman shares fell as much as 6% in after-hours trading after Pernod Ricard said merger discussions between the two spirits firms have ended without an agreement. The companies had confirmed on March 26 that they were exploring a possible merger. Pernod Ricard said it will remain focused on its current strategy and operating model. Brown-Form…
Kone Oyj is reportedly close to clinching a cash-and-stock acquisition of TK Elevator, in a transaction that would value the German lift and escalator group at around €29 billion ($34 billion) including debt. Sources say Kone is finalising arrangements with TK Elevator's private equity owners, Advent and Cinven, and that an announcement could arriv…
T-Mobile increased its projected 2026 postpaid net account additions to a range of 950,000-1.05 million, citing strong demand for bundled premium plans and continued success in converting customers to higher-priced offerings. The carrier reported 217,000 postpaid net account additions in the first quarter and first-quarter revenue of $23.11 billion…
U.S. stocks closed mostly lower on Tuesday, with the Dow Jones Industrial Average eking out a modest decline while the S&P 500 and Nasdaq Composite fell more noticeably. Losses were concentrated in Basic Materials, Industrials and Technology sectors, while individual large-cap names and small-cap movers produced sharp single-day gains and losses. C…
Canada's equity market finished lower on Tuesday, with the S&P/TSX Composite retreating 0.69% as Information Technology, Materials and Clean Technology sectors fell. Market breadth favored decliners, though a handful of energy and transportation stocks posted notable gains. Volatility measures ticked up and commodity prices diverged, with oil risin…
A batch of quarterly results and guidance sent a range of stocks moving in after-hours trading. Booking Holdings and Robinhood declined after bookings and revenue missed expectations, while Starbucks, Seagate, NXP Semiconductor, Visa and several others climbed after beating estimates or issuing bullish guidance. Several storage and semiconductor na…
Summary: Brazil's benchmark Bovespa index closed lower on Tuesday, finishing the session down 0.51% in Sao Paulo. Declines in the Public Utilities, Consumption and Real Estate sectors outnumbered gains across the exchange, though select industrial and materials names posted notable advances. Market breadth favored decliners and volatility and commo…
Seagate Technology issued guidance for its fiscal fourth quarter that exceeded Wall Street expectations, citing strong demand for storage systems as enterprises accelerate adoption of artificial intelligence. The company reported a solid third quarter and detailed revenue and earnings targets that outpaced analyst forecasts, while noting an intense…
FDA Commissioner Marty Makary said Tuesday that the agency has not yet selected a replacement for Vinay Prasad as director of the Center for Biologics Evaluation and Research but that he expects a decision in the coming weeks. Prasad's departure was announced last month, with the agency indicating he would leave by the end of April.
Starbucks reported stronger‑than‑expected comparable sales for the quarter, with global same‑store sales rising 6.2% versus analyst expectations of 3.7%. The company credited investments in quicker service, improved staffing and a simplified in‑store experience under CEO Brian Niccol for drawing more customers and lifting margins.
