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.
30,153 total articles
Erasca Inc. (NASDAQ:ERAS) stock dropped 5% in after-hours trading Monday after the company released preliminary Phase 1 dose escalation data for ERAS-0015, a pan-RAS molecular glue. Early results from U.S. and China Phase 1 trials show notable unconfirmed overall response rates in KRAS G12X non-small cell lung cancer and pancreatic cancer at specif…
Activists from the Make America Healthy Again movement gathered outside the U.S. Supreme Court while justices considered Bayer’s appeal aimed at cutting off thousands of lawsuits alleging Roundup causes cancer. Speakers at the rally criticized the Trump administration’s support for Bayer, urged policy changes on pesticides, and highlighted farmer v…
Moody's Ratings reports the fund finance market surpassed $1 trillion this year, fueled by demand from the expanding private credit sector. Originally a liquidity option for early-stage funds, fund finance has become a central backstop for private credit lenders, with growing use of NAV-backed facilities and hybrid structures. Moody's highlights co…
WeRide Corp ADR (NASDAQ:WRD) shares climbed 2.8% Monday after the company and Lenovo unveiled an expanded alliance to deploy 200,000 Level 4 autonomous vehicles worldwide over the next five years. The plan, announced at Auto China 2026, builds on the July 2025 launch of the HPC 3.0 computing platform and seeks to prioritize cost and scalable deploy…
The fund finance market exceeded $1 trillion this year, driven largely by rising activity in private credit, Moody’s Ratings reports. Once a nascent liquidity tool for private funds, fund finance now serves as a key backstop for private credit managers, while NAV facilities and hybrid structures have expanded. Moody’s analysts flagged growing stres…
U.S. equipment financing rose 12.5% year-on-year in March to $10.8 billion, according to the Equipment Leasing and Finance Association (ELFA). The association’s survey of 25 members - including major banks and manufacturer financing units - also showed a 1.8% decline in new loans, leases and lines from February, a 17.7% drop in small-ticket volume,…
Shares of Flowserve Corporation rose sharply on Monday, climbing more than 5% after reports emerged that activist investor Starboard Value has amassed a stake in the industrial manufacturer and is pressing for changes aimed at expanding margins. Company representatives confirmed routine engagement with shareholders but declined to comment on specif…
Rogers Communications is proposing voluntary departure and retirement packages to roughly half of its approximately 25,000 employees, offering staff across multiple divisions the choice to leave with a package or remain. Some categories of workers are ineligible, and the company did not specify a headcount reduction target. Rogers did not immediate…
Absci Corp's stock climbed sharply in early trading after analysts pointed to encouraging mid-to-late stage data from a rival and a sizable estimated market for hair-loss treatments. KeyBanc reiterated a $9 target on Absci and suggested the company's experimental therapy could act as a complement to existing options rather than a direct substitute.
Microsoft will extend its Copilot 365 AI assistant to all of Accenture’s approximately 743,000 employees in the largest enterprise deployment of the chatbot to date. The agreement, whose financial terms were not disclosed, comes as Microsoft pushes multiple AI models to customers and seeks to convert more of its large 365 user base into paid Copilo…
Stocks moved unevenly Monday with notable rallies among semiconductor names including Nvidia (NVDA) and Micron Tech (MU), and steep declines in other large- and small-cap names such as Arm (ARM) and Domino's Pizza Inc (DPZ). The session produced pronounced winners and losers across mega-cap, large-cap, mid-cap and small-cap groups, driven by analys…
On Tuesday, April 28, 2026, market participants will focus on the Conference Board's Consumer Confidence index at 9:00 AM ET, accompanied by a dense schedule of housing, employment, Treasury and energy reports throughout the day. The consumer sentiment print, along with a range of regional Fed gauges, house-price measures and a 7-year Treasury auct…
Saba Capital, led by Boaz Weinstein, is planning a new investment vehicle focused on public and private business development companies (BDCs). The move follows recent tender offer activity in Starwood Real Estate Trust and Blue Owl Capital (Blue Owl II), where Saba acquired $10 million in aggregate face value across 190 trades, with most purchases …
Hunterbrook Capital disclosed a short position in Hamilton Lane, alleging that a significant portion of valuation gains in the firm's Global Private Assets Fund are driven by immediate markups on secondary purchases rather than underlying company appreciation. The short seller also highlighted a 2025 fee structure change and accounting adjustments …
JPMorgan and two Kuwaiti banks have joined HSBC in underwriting a $6 billion loan syndicate to back prospective buyers of a stake in Kuwait Petroleum Corporation’s crude oil pipeline network. The bid process for the asset, valued at about $7 billion, has been delayed amid regional conflict and investor requests for assurances on potential volume di…
President Donald Trump and First Lady Melania Trump publicly urged Disney and ABC to terminate Jimmy Kimmel following a mock White House Correspondents' Dinner sketch that included jokes about the first family. The president labeled the routine a "despicable call to violence," while the first lady described the monologue as "corrosive" and demanded…
Domino's Pizza shares plunged after the company reported U.S. same-store sales growth that fell short of Street estimates and reduced its annual domestic sales forecast. CEO Russell Weiner cautioned that winter weather, softer consumer sentiment linked to rising fuel prices and heightened promotional activity across rivals may lead to similar chall…
Royal Bank of Canada has recruited three senior traders to strengthen its credit trading platform. The hires establish new leadership for single-name credit-default swaps, electronic trading strategy for US credit, and add a director in high-yield trading. Two of the appointees will be based in New York and several will join in June.
Over 580 Alphabet AI researchers have signed a letter delivered to CEO Sundar Pichai asking Google to decline requests to run classified US defense workloads on its AI systems. The group cites risks associated with concentrated power and AI error, and their protest comes amid a Pentagon legal dispute with Anthropic and renewed interest in alternati…
Jain Global will return all investor cash and transition to managing assets exclusively for Millennium Management under a new agreement, people familiar with the matter said. The move follows the firm’s first full year of trading and occurs as hedge funds face heightened market volatility tied to geopolitical tensions.
Bank of America’s screening process has flagged 67 equities with potential exposure to the build-out of artificial intelligence data centers, totaling roughly $5.5 trillion in combined market capitalization. The screen emphasizes Buy-rated companies connected to power supply, electrical and water infrastructure and transition metals. The portion of…
The European Commission issued guidance to Alphabet's Google on how it should grant access to certain Android capabilities for rival search and AI services under the Digital Markets Act. The measures target functionality currently tied to Google’s Gemini AI on smartphones and tablets and aim to enable third-party AI services to perform tasks within…
Amazon has struck a multi-year agreement with Harpo Entertainment to give its Wondery podcast unit exclusive distribution and advertising rights for The Oprah Podcast in both audio and video formats. The deal expands the program's release schedule, brings content to Amazon music and video services, and includes rights to several Oprah-branded prope…
EU competition regulators have given Alphabet's Google guidance on how to allow rival online search engines and AI developers access to Android capabilities currently used by Google's Gemini AI, under the Digital Markets Act. The Commission is soliciting feedback before making a final compliance decision by the end of July, and warned that breaches…
American Airlines said it will raise $1.14 billion through two aircraft-backed securities to finance new aircraft deliveries, refinance loans on existing planes and support general corporate needs. The financing comes as U.S. carriers face higher jet fuel costs and are trimming capacity and profit expectations; S&P assigned investment-grade ratings…
