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.
30,031 total articles
Apogee Therapeutics stock climbed 15% after the company reported positive 52-week maintenance data from Part A of its Phase 2 APEX trial of zumilokibart (APG777) in patients with moderate-to-severe atopic dermatitis. The trial showed durable maintenance of response at one year for both every-three-month and every-six-month dosing schedules, with fa…
Equinor has bought a ready-to-build onshore wind complex in Brazil from turbine manufacturer Vestas. The 230 MW Esquina do Vento project, comprising 51 turbines on the eastern coast state of Rio Grande do Norte, will be developed and run by Equinor's Rio Energy unit. The site has potential annual generation of about 1 terawatt hour, with constructi…
Technogym SpA shares slid to their lowest level in three months after UBS cut its rating from buy to neutral, pointing to stretched valuations following about a 70% advance over the past year. The stock traded down 2.5% to €16.80 as of 07:25 ET (11:25 GMT), touching an intraday trough of €16.07 on relatively light volume. UBS kept its €18 price tar…
The technology sector extended its slide, trading about 12% below its October 52-week high as investor outflows reached record levels last week, according to Wolfe TMT Desk. Software and semiconductors have both softened, with just 29% of tech names above their 50-day moving average. Wolfe identified SolarEdge Technologies and A&E Television Networ…
A Jazz Aviation-operated Mitsubishi CRJ-900 flying as Air Canada Express Flight AC8646 from Montréal was involved in a landing accident at New York LaGuardia Airport late Sunday. Preliminary lists show about 72 passengers and four crew on board. The Port Authority confirmed the pilot and first officer were killed; Air Canada and Jazz are coordinati…
Zijin Mining will acquire controlling interest in Chifeng Gold through a package deal worth about 18.26 billion yuan, comprising a bulk A-share purchase and a new H-share subscription. The transaction values Chifeng at roughly 11.6 times its 2026 consensus price-to-earnings estimate and will increase Zijin's holding to 25.85% of Chifeng’s enlarged …
Elon Musk unveiled plans for 'Terafab,' a sprawling chip manufacturing complex in Austin, Texas, intended to produce as much as 1 terawatt of compute annually. Tesla and SpaceX would operate two facilities on the site - one focused on chips for vehicles and humanoid robots and another aimed at AI data center workloads for space. Analysts say the sc…
Shares of DraftKings and Flutter Entertainment rose roughly 7% after reports that U.S. senators will introduce bipartisan legislation to prohibit sports betting contracts and casino-style games on prediction markets regulated by the Commodity Futures Trading Commission, including platforms such as Kalshi and Polymarket's U.S. arm.
Croda International shares climbed after Goldman Sachs moved the stock from "sell" to "buy" and lifted its 12-month price target to 3,200p from 2,800p, implying roughly 25.3% upside from the prior close of 2,554p. The broker pointed to a combination of pricing improvement and stronger volumes driving margin recovery, and raised near-term adjusted E…
Sony Group Corp. is reported to be close to signing a binding agreement to transfer a majority interest in its home entertainment business to TCL Electronics Holdings Ltd. The transaction is valued at about $1 billion, with talks said to be advanced and an announcement possible this month. Under a previously disclosed memorandum of understanding, S…
On March 23, Victory Capital pushed back against criticism from Nelson Peltz’s Trian over Victory’s revised $8.6 billion bid for Janus Henderson, accusing the activist of seeking to spread uncertainty in the market. Trian, the asset manager’s largest shareholder with a 20.7% stake, had flagged concerns about Victory’s higher offer, which competes w…
Fighting around Iran intensified as fresh barrages caused blackouts in parts of Tehran and Israel, allied with the U.S., signaled it would target Iranian infrastructure. The Strait of Hormuz has been effectively closed to tanker traffic amid fears of attacks, removing a key artery for roughly a fifth of global oil flows. At least 40 energy faciliti…
Several Bank of England officials will give public remarks this week, led by Chief Economist Huw Pill on Tuesday, with Megan Greene, Sarah Breeden and Alan Taylor also scheduled to speak. UK inflation data for February is due on Wednesday and PMI releases on Tuesday are likely to draw market attention. Currency markets show EUR/GBP trading about 0.…
European luxury equities have underperformed this year as fears linked to the Iran conflict weigh on the sector. An RBC Capital Markets note examined 15 luxury stocks under three stress scenarios and found an average 16% year-to-date drop across the sector, with disproportionate earnings vulnerability for some groups. While several names look overs…
Morgan Stanley views the recent equity pullback as a correction within an ongoing bull market, noting a sizable valuation reset and accelerating forward earnings growth. The firm warns that a renewed shift toward tighter central-bank policy - a 'hawkish pivot' - is the principal obstacle to stocks finishing their correction in nominal terms. Key in…
Deutsche Bank reports a substantial rise in global equity fund inflows last week, led by a surge into U.S. equities, while aggregate investor positioning fell to its weakest level since June 2025. Simultaneously, credit funds experienced significant withdrawals and market volatility intensified amid renewed Middle East hostilities.
India's benchmark indices closed lower on Monday with the Nifty 50 falling 2.60% to a six-month low and the BSE Sensex 30 down 2.46%. Losses were led by Consumer Durables, Metals and Real Estate sectors. Market breadth favored decliners, volatility jumped to a three-year high and select commodity and currency moves accompanied the equity sell-off.
Tokio Marine Holdings has agreed to a strategic partnership with National Indemnity Company, a Berkshire Hathaway subsidiary, under which National Indemnity will acquire an initial 2.49% stake via a 287.4 billion yen ($1.80 billion) third-party allotment of treasury shares. The deal includes reinsurance cooperation, joint work on mergers and acquis…
Sinopec plans to reduce its refining throughput by 5% this month amid supply interruptions and has applied for permission to draw on China’s state oil reserves, company President Zhao Dong said. The refiner is not planning to purchase Iranian crude even after a 30-day U.S. sanctions waiver for oil already at sea, citing unresolved payment channels …
A former U.S. congressman, David Rivera, is set to go on trial on charges that he failed to register as a foreign agent after being paid $20 million in 2017 by Venezuelan state-owned entities to lobby U.S. officials to ease sanctions on the government of Nicolas Maduro. The case includes allegations that Delcy Rodriguez - then Venezuela's foreign m…
United Airlines shares fell in premarket trading after the carrier announced further cuts to unprofitable flights as it prepares for sustained elevated jet fuel prices linked to the Iran war. CEO Scott Kirby warned in an internal memo that oil could reach $175 per barrel and remain above $100 through the end of 2027, which would raise United's annu…
Tokio Marine has notified Japanese regulators that it will form a strategic partnership with Berkshire Hathaway and will raise 287.4 billion yen through a share sale, according to a filing submitted to Japan's Finance Ministry. The regulatory documents confirm the capital raise and the alliance but do not provide details on the partnership structur…
Shares of leading gold producers tumbled sharply Monday, tracking bullion’s slide to its lowest level in four months. Spot gold extended a long losing streak, pressured by market moves that favor higher interest rates as geopolitical conflict in the Middle East continues and oil remains elevated near $100 per barrel.
DiaSorin reported a 20% decline in full-year net profit to €150 million for 2025 and issued guidance for 2026 that points to flat-to-lower adjusted EBITDA margins, prompting a 17% share-price drop and a fresh 10-year low. Revenue edged up slightly while adjusted EBITDA remained steady; the company outlined cost-saving measures including the closure…
Leading European broadcasters have asked the EU's antitrust chief to designate major smart TV operating systems and virtual assistants as gatekeepers under the Digital Markets Act (DMA), citing growing market power and potential incentives for Big Tech to favour their own ecosystems. The broadcasters pointed to market-share data and warned of a reg…
