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.
29,907 total articles
Morgan Stanley is implementing a worldwide headcount reduction of roughly 3%, affecting employees across its investment banking, trading, wealth and asset management divisions. The move, which impacts both client-facing and operational roles, is tied to individual performance evaluations and shifts in business priorities and location strategy. With…
The Federal Communications Commission has announced plans to consider a package of measures that would restrict the use of foreign call centers by U.S. communications providers, require foreign-based customer service staff to be proficient in American Standard English, and explore consumer options to request transfers to U.S.-based centers or to re…
Broadcom projected second-quarter revenue above analyst consensus and unveiled a $10 billion share repurchase plan, reflecting robust demand for custom AI accelerators and networking chips used in data centers. The company reported a strong first quarter driven by AI-related products, even as its infrastructure software revenue growth slowed.
Palantir Technologies will need to remove Anthropic’s Claude model from its Maven Smart Systems platform following a government directive restricting use of Anthropic tools. The change affects a core Pentagon software suite used for intelligence analysis and targeting and will require Palantir to replace the AI model and reconstruct portions of its…
PepGen Inc. saw its stock fall 26% in after-hours trading after the U.S. Food and Drug Administration placed a partial clinical hold on the company’s FREEDOM2-DM1 Phase 2 trial. The hold centers on questions about previously submitted preclinical pharmacology and toxicology studies for PGN-EDODM1, the company’s candidate for myotonic dystrophy type…
After the market close, several U.S.-listed companies moved sharply on a combination of earnings, outlooks and corporate actions. Broadcom was essentially flat after reporting results, raising guidance and announcing a $10 billion buyback. StubHub slid after weak results and forward targets. Retailers and healthcare staffing firms also recorded siz…
U.S. stock benchmarks finished higher on Wednesday, led by gains in Consumer Services, Technology and Telecoms names. The Dow Jones Industrial Average rose 0.49%, the S&P 500 gained 0.78% and the Nasdaq Composite added 1.29% at the close in New York. Notable individual moves included Moderna jumping 16.07%, Amazon climbing 3.84% and Ross Stores rea…
Mexico's benchmark index closed higher, led by strength in Industrials, Consumer Goods & Services and Consumer Staples. The S&P/BMV IPC advanced 2.82% as a broad advance saw 150 stocks gain versus 89 decliners. Commodities and currency moves accompanied the equity rally, with gold, crude oil and the Mexican peso all showing notable moves.
Canada's S&P/TSX Composite finished higher, gaining 0.47% as technology, telecommunications and financial stocks outperformed. SSR Mining surged to an all-time high, while Bitfarms and Shopify also posted notable advances. Energy and precious metals prices climbed alongside a drop in implied volatility for TSX options.
Amazon confirmed on Tuesday that it reduced headcount within its robotics division, with at least 100 white-collar jobs impacted. The move follows larger workforce reductions announced in October and January and comes after the company paused development of the Blue Jay multi-arm robotic system intended for tighter warehouse spaces.
Colombia's main equity index, the COLCAP, finished higher on Wednesday, supported by advances in the Industrials, Services and Agriculture sectors. While several large-cap names posted gains, notable declines in miners and some financials weighed on parts of the market. Commodities and currency movements were mixed at the close.
Google, Microsoft, Meta, Amazon and several artificial intelligence companies signed a White House pledge to shoulder the costs of additional electricity generation and grid upgrades to support their data centers. The 'Ratepayer Protection Pledge,' announced by President Trump in his State of the Union address, commits firms to bring or buy dedicat…
Moscow equities ended lower on Wednesday, with the MOEX Russia Index down 0.54% at the close. Gains in select metal and energy producers contrasted with losses among major oil producers and the national carrier. Market breadth narrowly favored advancers, while volatility, commodities and ruble crosses registered notable moves.
Barclay Butler, the FDA’s deputy commissioner for operations and chief operating officer, will retire from federal service in the coming months and will remain as an adviser with the title COO emeritus until his departure. Melanie Keller, a 30-year Department of Health and Human Services veteran and Butler’s deputy, will assume his duties on April …
Brazil's main stock index, the Bovespa, ended Wednesday's session up 1.39% as gains in the Public Utilities, Electric Power and Financials sectors supported the advance. A handful of mid- and large-cap names drove the session, even as equity volatility jumped to a three-year high and commodity and FX markets posted mixed moves.
Speaking at a roundtable on ratepayer protection, President Donald Trump characterized U.S. military progress in the conflict with Iran as "about a 15" on a scale of one to ten, and described a series of past actions and policy decisions he says have curtailed Iran's nuclear prospects and military capabilities. He also commented on relations with V…
Shares of CoStar Group Inc (CSGP) climbed 2.5% after top executives disclosed open-market purchases this week. The buys - by CEO Andy Florance, Director Rachel Glaser and President of Marketplaces Fred Saint - come as the company faces sharp share declines, activist campaigns from Third Point and D.E. Shaw, and debate over its push into the residen…
A key measure of dollar funding pressure - the one-year euro cross-currency basis swap rate - ticked up on Wednesday, indicating reduced demand for dollar funding as hopes grew the Middle East conflict might not be as prolonged as feared. The rate rose to 11.23 basis points from 10.4 the day before after hitting a three-month low of 9.5 on Tuesday,…
At the Morgan Stanley Technology, Media and Telecom conference, Nvidia CEO Jensen Huang said a previously discussed $100 billion investment in OpenAI is not feasible, confirmed a completed $30 billion stake, and described demand for Nvidia products as having moved from "very high" to "even higher than that." Huang also indicated Nvidia's $10 billio…
The U.S. Postal Service has begun working with restructuring advisers to confront a deepening financial shortfall that Postmaster General David Steiner says could leave the agency without cash as early as 2027. Significant declines in first-class mail volume, mounting cumulative losses, and statutory constraints on borrowing and pricing have prompt…
KKR shares increased 3.7% to $93.89 on Tuesday after senior executives and a board member collectively purchased $10.8 million of stock, part of a trend of insider buying that has seen $46 million in purchases since February, according to LSEG data. The move comes amid sector-wide headwinds tied to private credit valuation and transparency concerns…
Shares of Dave continued their ascent for a seventh trading session, rising 1.1% to $211 after the company reported better-than-expected fourth-quarter results and disclosed a proposed private offering of $150 million in five-year convertible bonds. Management also provided an adjusted 2026 EPS outlook that exceeded analyst consensus and said net p…
Amazon (NASDAQ:AMZN) removed a limited number of positions within its robotics division this week as part of a prolonged cost-cutting and corporate restructuring initiative that has cut over 57,000 roles since late 2022. Company leaders describe the moves as difficult but maintain robotics is a strategic priority. The exact headcount affected in th…
The estate of a Florida man has sued Google in federal court, alleging its Gemini AI chatbot fostered an intense emotional relationship that led to paranoia, planning of a mass-casualty attack and, ultimately, the man's suicide. The complaint, filed in San Jose, says the interactions began in August and culminated in the 36-year-old's death on Octo…
Wednesday’s trading session featured notable shifts across market-cap segments, with major semiconductor names and large technology companies posting strong advances. A mix of corporate announcements, litigation settlements and partnership news accompanied outsized moves in mid- and small-cap shares, producing both large gains and steep declines.
