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.
9,233 total articles
Goldman Sachs has lifted 12-month price targets for CNOOC and PetroChina, underscoring their low-cost production positions and capacity to generate strong free cash flow. The bank says its revised valuation approach places more weight on companies' positions on the global cost curve and their ability to deliver cash even in lower oil price scenario…
Tesla and LG Energy Solution will invest $4.3 billion to build a lithium iron phosphate (LFP) prismatic battery cell plant in Lansing, Michigan, with production slated to begin in 2027. The cells are intended for Tesla's Megapack 3 energy storage systems produced in Houston. The announcement was made alongside a set of energy and infrastructure agr…
A Google procurement delegation from its Taiwan operations has held meetings in China with Envicool and plans to meet additional local suppliers as the company explores liquid cooling systems for AI data centres. The visits reflect constrained parts availability for high-density cooling solutions and the rising role of Chinese manufacturers in the …
Taiwan's equity market closed lower on Tuesday, with the Taiwan Weighted index retreating 0.54% as losses in the Biotech & Medical Care and Transport sectors dragged the benchmark down. Several small-cap names recorded double-digit gains, and a handful of larger issues posted steep losses. Commodity prices climbed and currency moves were modest.
Australian equities closed higher on Tuesday, driven by advances in the Gold, Metals & Mining and Materials sectors. The S&P/ASX 200 finished up 0.36%, with Telix Pharmaceuticals, Westgold Resources and Genesis Minerals among the top performers. Retail and coal-linked names underperformed, while volatility eased and commodities prices moved higher.
Foxconn (Hon Hai Precision) saw its shares decline after reporting a 2% fall in quarterly profit that missed expectations, even as the company posted record fourth-quarter revenue driven by AI-related demand. The profit drop reflected softer margins and a higher tax burden. Management projected strong revenue growth for the first quarter and full y…
The U.S. government said Tesla and South Korea’s LG Energy Solution have signed an agreement to construct a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell production facility in Lansing, Michigan, with production expected to begin in 2027. The Department of the Interior said American-made cells will power Tesla’s Megapack 3 energy…
Nissan will cut production by roughly 1,200 vehicles this month at its Kyushu factory as exports to the Middle East have been disrupted by constrained shipping routes amid regional tensions. The automaker will prioritize storage capacity by scaling back models not bound for the region, while Patrol production at a neighboring plant remains unchange…
JPMorgan Chase has recruited Yi Zhang from Goldman Sachs to serve as co-head of China investment banking, joining Michelle Wang later this summer. The move is part of a broader hiring push across JPMorgan's Asia investment banking franchise amid rising initial public offering activity in Hong Kong and robust M&A in Japan and Australia. David Lau wi…
Most Asian equity markets rose Tuesday, led by technology and semiconductor stocks after a strong finish on Wall Street driven by Nvidia’s developer conference. Gains were capped as investors continued to track escalating tensions in the Middle East and awaited a slate of central bank decisions including the Reserve Bank of Australia, the Federal R…
Shares of Samsung Electronics jumped after Nvidia's CEO stated that the chipmaker is producing Nvidia’s new AI inference processor, based on technology from Groq. The chips are reported to be in production at Samsung and are slated for shipment in the second half of the year. Samsung also displayed the chips made on its 4-nanometer process at Nvidi…
WeRide unveiled its next-generation Robotaxi GXR, built on Nvidia's DRIVE Hyperion hardware and the DRIVE AGX Thor system-on-chip. The company says the integrated platform and its new HPC 3.0 computing unit will sharply lower autonomous system costs and total cost of ownership. Trials with Grab in Singapore's Punggol district are underway, with pub…
SK Hynix Chairman Chey Tae-won said the acute shortage of memory chips, driven by exceptional AI-related demand for high-bandwidth memory (HBM), is likely to continue through 2030. Speaking on the sidelines of NVIDIA's GTC conference in San Jose, Chey said the company needs at least four to five years to expand wafer capacity, and that SK Hynix is …
SK Group Chairman Chey Tae-won told reporters at Nvidia’s GTC conference that the global shortage of semiconductor wafers may last until 2030 due to surging AI-driven demand for high-bandwidth memory. He said SK Hynix is considering a U.S. ADR listing to broaden its investor base, that the company is planning measures to stabilise DRAM prices, and …
Sony Corp's shares fell after Bernstein lowered its rating to market-perform and trimmed its price target, citing sharply higher memory costs driven by strong AI-related demand and tight supply that could pressure PlayStation margins and weigh on the company's semiconductor growth outlook. The broker also reduced fiscal 2027 and 2028 EPS estimates.
U.S. equity futures edged down Monday evening following a strong intraday rebound led by technology stocks and a modest pullback in oil prices. Traders are shifting focus to the Federal Reserve policy decision due Wednesday and upcoming corporate earnings, with the Middle East conflict and energy supply concerns keeping volatility risks alive.
The Department of Homeland Security reported that slightly over 10% of Transportation Security Administration airport security officers did not report for duty on Sunday, as a partial federal government shutdown entered its 30th day. The impasse has required roughly 50,000 TSA officers to work without pay, forced some airports to close checkpoints …
OpenAI is shifting its strategic emphasis toward its coding and enterprise products, according to internal remarks reviewed by a news outlet. Company leaders, including senior executives, are assessing which initiatives to deprioritize as OpenAI contends with competitive pressure, pursues agent-based capabilities and prepares for an initial public …
Twenty state attorneys general argue that a U.S. Transportation Department proposal to raise Buy America content requirements for federally funded electric vehicle charging stations from 55% to 100% would make the $5 billion National Electric Vehicle Infrastructure Formula Program effectively unusable. The states, joined by Kentucky Governor Andy B…
Rio Tinto has obtained control of acreage in Arizona required for the Resolution Copper project after a long-running court dispute, completing a land swap with the U.S. Forest Service. The agreement grants Rio access to an estimated 40 billion pounds of copper and precedes a $500 million drilling program, while Native American opposition and unreso…
Pono Capital Four, Inc. completed an initial public offering of 12 million units at $10.00 per unit, generating $120 million in gross proceeds. Incorporated in the Cayman Islands, the special purpose acquisition company began trading on March 16 under the ticker PONOU. The units each include one Class A ordinary share and a right to receive one-fif…
The Samsung Electronics Labour Union (SELU) said members are voting on a strike plan that would begin May 21 and last 18 days if negotiations fail. Union leaders warn the action could disrupt roughly half of output at Samsung’s Pyeongtaek semiconductor complex, exacerbating global supply strains as AI data center demand pressures chip availability …
Swarmer Inc. has set the price for its initial public offering at $5.00 per share for 3 million shares, aiming to raise roughly $15 million in gross proceeds before fees and expenses. The Austin-based developer of vendor-agnostic drone autonomy software plans to begin trading on the Nasdaq Capital Market under the ticker SWMR and has given underwri…
Mexico's benchmark S&P/BMV IPC closed lower on Monday, slipping 0.66% to a new one-month low as weakness in industrial and consumer-related sectors weighed on the market. Select financial and retail names bucked the trend, while mining and chemicals names were among the heaviest decliners. Commodities and currency moves accompanied the equity decli…
Russian equities closed lower on Monday with the MOEX Russia Index down 0.66% as losses in the Oil & Gas, Mining and Telecoms sectors pressured the market. PhosAgro reached a 52-week high while other benchmark energy names posted declines. Market breadth was narrowly positive, volatility edged higher and commodity prices were mixed.
