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.
29,915 total articles
A U.S. government lease sale for Gulf of Mexico drilling rights on March 11 produced $46.98 million in high bids, with BP responsible for a single $21 million bid that comprised nearly half of the total. The Bureau of Ocean Energy Management hosted the livestreamed auction, which attracted noticeably less interest than a sale held three months earl…
A federal appeals court on Wednesday nullified a $481 million judgment that Columbia University had won against software firm Gen Digital, ruling that the patents at issue may be invalid and returning the case to a Virginia federal court for further consideration. The court also reversed a contempt order against Gen Digital's prior law firm, findin…
Elon Musk announced a joint project between Tesla and his xAI startup called Macrohard, also referred to as Digital Optimus. The system pairs xAI's Grok large language model with a Tesla-developed agent that interprets live screen video and simulates keyboard and mouse input. Musk said the platform can in principle emulate whole software companies …
UBS published a fresh ranking of major iron ore producers, assessing margin performance, cost efficiency and operational metrics. BHP tops the list, while Rio Tinto, Fortescue, Vale and Anglo American show mixed results driven by cost structures, ore quality and pricing dynamics. Wider discounts on specific product streams and elevated cash cost ga…
McDonald’s plans to launch a refreshed value strategy in April featuring menu items priced at $3 or less and new $4 breakfast meal deals, part of an effort to respond to competitive pressure and changing customer preferences, company communications to franchisees indicate, according to a Wall Street Journal report.
Summary: Moroccan equities finished higher on Wednesday, with the Moroccan All Shares index up 1.51% at the close in Casablanca. Gains were led by stocks in the Banking, Beverage and Transport sectors, while commodity moves included a sharp rise in oil prices and a pullback in gold futures. Market breadth favored advancers over decliners.
Synopsys introduced a suite of software tools to address the growing complexity of artificial intelligence chip design, embedding engineering analyses into earlier design stages. The release - the first major offering since its $35 billion acquisition of engineering software company Ansys - targets challenges created by the shift to multi-chiplet a…
Navitas Semiconductor (NASDAQ: NVTS) stock climbed 20% after the company unveiled two new silicon carbide MOSFET packages built on its 5th generation GeneSiC Trench-Assisted Planar SiC MOSFET platform. Both packages carry 1200 V ratings and are intended for high-power density uses in AI data centers and energy infrastructure, offering claimed impro…
Goldman Sachs has increased its price targets for SK Hynix and Samsung Electronics after raising forecasts for conventional DRAM and NAND memory prices. The bank cites tighter supply driven by AI server demand and stronger early negotiations for second-quarter 2026 supply. Projected profit and margin improvements for both companies underpin the rev…
Norwegian equities closed higher Wednesday, with the Oslo OBX up 0.62% to a fresh all-time closing high. Gains were concentrated in Healthcare Equipment & Services, Pharma Biotech & Life Sciences and Utilities sectors. Yara International ASA and Norsk Hydro ASA both reached record closing levels, while several maritime and technology-related names …
Israel's benchmark TA 35 finished the session up 0.57% as strength in banking, financial and biomed stocks outweighed a larger number of declines across the exchange. Individual large moves included double-digit gains for Next Vision Stabilized Systems and sizable drops for several industrial and energy-related issuers. Commodities and currency mar…
Greece's main equity gauge ended modestly higher, with the Athens General Composite rising 0.21% as advances in construction, travel and technology segments supported the market. Several individual stocks recorded double-digit percentage moves at the close, while commodities and foreign-exchange contracts showed divergent performance.
Several global banks have ordered staff in the United Arab Emirates to vacate office premises and work remotely, and HSBC has temporarily closed its Qatar branches, after Iran said it would target economic and banking interests linked to the U.S. and Israel. The measures follow an attack on an Iranian bank and broader retaliatory strikes in the reg…
Legora, a Sweden-based legal artificial intelligence company, said it has closed a $550 million Series D round valuing the business at $5.55 billion. The funding will be used to speed expansion across the United States, build local teams and infrastructure, and support customers as they integrate AI into core workflows. The company expects to open …
Turkey's BIST 100 closed higher on Wednesday, lifted by gains in Wholesale & Retail Trade, Leasing & Factoring and Insurance sectors. Market breadth, however, showed more decliners than advancers. Commodities moved sharply, with crude and Brent rising and gold futures falling. The lira was mixed versus the dollar and euro, and the U.S. Dollar Index…
Gracenote, the Nielsen-owned metadata provider that catalogs and describes movies and television, filed a federal lawsuit in Manhattan against OpenAI alleging the company used Gracenote’s copyrighted metadata to train ChatGPT without permission. The complaint says ChatGPT can reproduce Gracenote’s content descriptions and identifiers for major tele…
Rapid declines in used electric vehicle (EV) prices, combined with improvements in battery life, over-the-air software updates and charging infrastructure, are bringing more Americans into the pre-owned EV market. With federal incentives waning and new vehicle prices high, used EVs are closing the cost gap with gasoline cars and expanding inventory…
Analysts reacted positively to Howmet Aerospace's recent investor day, citing strong end-market trends in commercial aircraft, anticipated growth in industrial gas turbine revenue and durable defense demand. RBC Capital Markets raised its price target to $300 and reiterated an Outperform rating, while Jefferies and Morgan Stanley also maintained fa…
Stryker Corporation saw its shares decline after a report that an Iran-linked hacking group breached the company’s systems, triggering a global outage. Employees were told to avoid powering on company devices and to disconnect from networks as investigators and staff assess the scope of the disruption.
Meta said it has developed four in-house artificial intelligence chips under its MTIA family and plans to deploy multiple new generations over the next two years to support recommendation engines and generative AI inference workloads. The company described a faster-than-normal chip cadence driven by rapid data center capacity growth and heavy capit…
Stocks across market-cap tiers experienced notable volatility on Wednesday. Major technology names including Oracle and several chipmakers rose, while other companies such as AeroVironment and Kosmos Energy recorded declines tied to earnings, guidance and financing announcements. Movers ranged from mega-caps above $200 billion to small-cap issuers …
Since February 28, a series of maritime attacks in the Gulf and the Strait of Hormuz have damaged or disabled multiple merchant vessels, prompted crew evacuations and resulted in at least one fatality. The incidents, occurring between March 1 and March 11, have involved a range of vessel types flagged to different countries and were reported by shi…
KKR's public private credit vehicle has encountered market pressure, prompting the firm to view non-traded private credit funds as a more attractive opportunity. CFO Robert Lewin said most of KKR's direct lending sits outside the private BDC space, and that KKR FSK Capital Corp. has experienced near-term return pressure tied to subordinated exposur…
The Bureau of Labor Statistics' Consumer Price Index data for February show airfares rose 7.1% year-over-year, a marked acceleration from January's 2.2% increase. Overall CPI was unchanged from January at a 2.4% year-over-year increase, while monthly CPI climbed 0.3%. Core CPI rose 2.5% year-over-year. Seasonally adjusted airfares increased 1.4% fr…
KKR's publicly traded private credit vehicle has encountered performance pressure in the near term, the firm's CFO said, but the company identifies potential opportunity in non-traded private BDCs. Chief Financial Officer Robert Lewin reported that a minority portion of KKR's direct lending capital sits in BDC format and that most of that allocatio…
