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.
30,181 total articles
Paul Grewal, Coinbase's chief legal officer, has notified the company he will resign effective July 31, 2026, after a six-year run marked by high-stakes regulatory battles and a decisive court win over the SEC. Longtime deputy Molly Abraham will be promoted to General Counsel, while Ryan VanGrack will move into a newly created vice chairman role ov…
Sigma Lithium's stock climbed after the company reported second-quarter 2026 production that exceeded guidance. The miner delivered 35,000 tonnes of lithium oxide concentrate, above its 33,000-tonne guidance, and reported operational improvements that support plans for additional processing plants and phased cost reductions.
U.S. stock indices closed higher Thursday, with the Nasdaq Composite and S&P 500 outpacing the Dow as Technology, Financials and Industrials stocks led the advance. Notable individual moves included large gains for HPE, NCLH and LRCX, steep declines in APA and COST, and dramatic percentage swings among several small-cap Nasdaq names. Volatility fel…
Canada's equity market finished higher on Thursday, driven by strength in the Materials, Clean Technology and Financials sectors. The S&P/TSX Composite closed up 0.76% as a larger number of advancing issues outpaced decliners. Precious metals futures rose while oil prices slipped; the S&P/TSX 60 VIX eased and the U.S. Dollar Index was marginally lo…
Brazil's Bovespa index ended Thursday trading higher, rising 1.22% in Sao Paulo, with Real Estate, Financials and Consumption stocks among the strongest performers. Market breadth was positive, volatility measures ticked up slightly, and moves in commodities and FX accompanied equity gains at the close.
Fermi Inc. (NASDAQ: FRMI) disclosed a proposed offering of $350 million in convertible senior notes due July 15, 2031, prompting a roughly 12% decline in the company’s shares in after-hours trading. The notes will be offered to qualified institutional buyers under Rule 144A, include an initial purchaser option for up to $52.5 million more, and will…
Coinbase announced the immediate departure of Chief Legal Officer Paul Grewal, who led the company's high-stakes litigation with the U.S. Securities and Exchange Commission and its policy campaign in Washington. Molly Abraham, currently vice president of legal, will take Grewal's role with the title general counsel. Ryan VanGrack will assume a newl…
Vinci Airports expects passenger traffic growth to slow through the end of the year amid higher jet fuel costs and geopolitical tensions, though the operator has not observed sweeping airline capacity cuts. The company remains receptive to expansion opportunities in Mexico and beyond, and OMA plans continued investment in Monterrey's airport infras…
KPMG's UK business has proposed a 10% reduction across its central support teams as part of integration activity following a 2024 merger with its Switzerland operations. The move, which could affect roughly 200 roles, is subject to consultation under UK employment law. The firm says the proposals aim to remove duplication, leverage technology inves…
Bank of America Global Research pared back short-term commodity forecasts and lowered valuations across North American metals and mining names, but singled out three companies as top picks for 2026: Cameco (CCJ), Freeport-McMoRan (FCX) and Pan American Silver (PAAS). The firm reduced numerous price objectives and 2026 estimates across its coverage …
A new SemiAnalysis report concludes that Meta Superintelligence (MSL) has vaulted into a position from which it could overtake Google in frontier AI within six months. The boutique research firm highlights Meta's inward-focused data strategy, the redeployment of 3,000 engineers to build an in-house reinforcement learning environment factory, the la…
Goldman Sachs has revised its personal trading policy to prohibit employees from participating in most prediction-market trading. The rule excludes only sports and entertainment wagers and explicitly bans event contracts tied to specific companies, including Goldman Sachs itself, as well as bets on elections and financial market performance. Violat…
Mizuho upgraded Five Below to 'outperform' from 'neutral' after a near 30% decline in the retailer's stock created what the brokerage calls an attractive entry point. The firm trimmed its price target to $220 from $225, arguing the shares now trade at less than 20 times forward earnings and projecting the company will deliver stronger-than-consensu…
Elon Musk said on Thursday that Anthropic is "obviously" the frontrunner in artificial intelligence, offering rare public praise for a rival. His brief remark came in response to a post on X about model performance. The comment arrives as Anthropic expands adoption of its Claude family of models, grows beyond developer-focused tools with Claude Cow…
Oracle Corp. shares rose 2.7% on Thursday, remaining in positive territory despite a downgrade of its long-term issuer credit rating by S&P Global Ratings to 'BBB-' from 'BBB' with a stable outlook. The rating action centers on elevated financial strain tied to Oracle's expansion into artificial intelligence infrastructure, including sharply higher…
Equity markets showed differentiated moves Thursday, with several semiconductor and technology-related stocks advancing strongly while certain biotech and small-cap names posted steep declines. Notable gainers included SanDisk and Lam Research, while Ionis Pharmaceuticals and a handful of smaller issuers recorded double-digit losses. The market act…
A slate of energy reports and weekly speculative positioning releases is scheduled for Friday, July 10, 2026. With no major tier-one economic data due, market participants will focus on the International Energy Agency's monthly oil assessment, the U.S. Department of Agriculture's WASDE update, Baker Hughes rig counts, and a broad set of Commodity F…
Shares of Better Home & Finance Holding Co (BETR) rose in mid-day trading after Northland Securities raised its rating to Outperform from Market Perform and set a $38.00 price target. The broker highlighted the company's expanding fintech partnerships, growth in its HELOC business, the Tinman AI lending platform, and an improving cost structure. Th…
Anthropic said on July 9 that it has named former U.S. Federal Reserve chair Ben Bernanke to its Long-Term Benefit Trust, an independent oversight body charged with ensuring the company remains aligned with its stated public-benefit mission. The trust’s members have no financial stake in Anthropic and hold the authority to appoint or remove a major…
B. Riley Securities singled out The Oncology Institute as the standout investment from its May conference, citing a recent refinancing that eliminated a near-term debt deadline and strengthened the company's financial position. The firm maintained a Buy rating and an $8 price target, highlighting improved free cash flow, expectations for continued …
U.S. retailers including Amazon, Walmart, Target and Best Buy have launched back-to-school promotions earlier in the summer, as households under pressure from rising food and gas costs seek deals on school supplies, electronics and apparel. PwC and NRF data show average planned spending and the season's share of retail sales, while shifting shoppin…
OpenAI has made its GPT-5.6 family generally available after a preview period, launching three variants - Sol as the flagship, Terra as a balanced option, and Luna as the cost-efficient choice. OpenAI published comparative benchmark scores across agentic workflows, coding, knowledge work and cybersecurity, and disclosed a new parallel-agent "ultra"…
OpenAI on Thursday introduced ChatGPT Work, an agent built to gather context across applications and deliver completed materials such as spreadsheets, presentations, documents, and web apps. The release is accompanied by GPT-5.6, a model optimized for reasoning through multi-step tasks and following templates and reference files. The product includ…
A federal appeals court has affirmed a lower-court decision finding two patents challenged by AstraZeneca invalid in a dispute with Pfizer's Wyeth unit over the lung cancer drug Tagrisso. The ruling upholds the overturning of a jury award after a judge concluded the patents lacked adequate written descriptions and could not enable replication by an…
New York Attorney General Letitia James filed a lawsuit on Thursday against several large chemical manufacturers, alleging they knowingly produced and sold PFAS-containing products for decades while concealing evidence of health and environmental harms. The complaint seeks court orders for statewide cleanups, consumer warnings, an end to misleading…
