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
International Business Machines shares fell sharply in pre-market trading after Starbucks disclosed it is building AI-driven software expected to supplant an IBM maintenance management system. The revelation, part of Starbucks’ effort to cut $2 billion in costs, intensifies investor concern about enterprise customers developing proprietary AI solut…
AeroVironment shares fell in pre-market trade after RBC Capital downgraded the stock and trimmed its price target, cooling momentum that followed the company’s Investor Day. Management laid out fiscal 2027 guidance and an ambitious fiscal 2030 revenue goal, but analyst recalibration, ongoing litigation related to a canceled Space Force contract, an…
Shares of major enterprise software vendors slid in premarket trading after reports said Starbucks is creating internal AI-based applications that could supplant some third-party systems it currently buys, as the coffee chain reviews contracts and pursues wider cost reductions. The move forms part of a broader effort to reduce software spending and…
Polestar reported a 4% drop in second-quarter volumes to 17,296 vehicles and is refocusing on Europe after the U.S. Commerce Department denied authorization under the Connected Vehicles Rule, effectively blocking U.S. sales from the 2027 model year. The decision, which affects the company despite its majority ownership by Geely Holding, raises ques…
J.P. Morgan downgraded Stellantis to Neutral from Overweight and lowered its price target to €6 from €10, citing an estimated 14-month lag before savings from cheaper components flow into the automaker's upcoming model launches in 2027-28. The bank reduced earnings forecasts across fiscal 2026-2028 and warned of persistent margin pressure in Europe…
FuelCell Energy shares climbed 11% Thursday morning after the company and Siemens formalized a memorandum of understanding to collaborate on scalable fuel cell power solutions. The agreement outlines Siemens supplying electrical balance-of-plant systems and a joint program to develop distributed energy systems that combine fuel cells, battery stora…
Maersk announced it will reinstate its Middle East-to-U.S. East Coast service via the Suez Canal and Red Sea, citing faster and more efficient transit. The move, which the company says will shave days off westbound and eastbound voyages, coincided with a pullback in its shares and a decline in a peer's stock.
Kepler Cheuvreux has begun coverage of Elementis with a "buy" recommendation and a 205 pence target, pointing to a roughly 30.6% upside from the current 157 pence share price. The broker argues the market has yet to fully value Elementis's recent strategic shifts and improved operational metrics. Upcoming first-half results on July 30 are cited as …
International Business Machines Corp. (IBM) fell about 4.0% in pre-market trading as investors reacted to Starbucks' disclosure that it is developing in-house AI software to supplant vendor applications, including an IBM maintenance management system. Coupled with a recent tech-sector pullback tied to renewed U.S.-Iran hostilities and ahead of IBM'…
Hugo Boss has urged shareholders to reject a €2 billion takeover offer from Frasers Group, calling the €38-per-share cash bid financially inadequate. Management said the price represented the minimum legally required level to lift Frasers’ stake rather than a valuation of Hugo Boss’ prospects. The company reiterated confidence in its strategy and l…
Stellantis shares fell again, extending recent losses after two prominent brokerages reduced ratings and price targets. JPMorgan and HSBC cited delayed cost pass-through, rising U.S. dealer inventories and a string of recalls as reasons for their more cautious outlook, leaving analysts skeptical about the timing of a recovery.
Goldman Sachs has increased its 12-month price objective for Airbus to €240 from €230 and reiterated a Buy rating, citing an anticipated rebound in Commercial aircraft deliveries, easing of an A320 family fuselage panel issue, and the catch-up delivery of roughly 20 aircraft for China. The bank forecasts robust Q2 2026 results with nearly €20 billi…
Volkswagen AG is facing firm resistance from labor leaders and rank-and-file workers as management weighs extensive job reductions and the potential closure of several German factories. The dispute crystallized at a supervisory board meeting, with IG Metall organizing nationwide protests and raising objections to management decisions during the ind…
Defence contractors and NATO officials used an industry forum in Ankara to unveil more than $50 billion in procurement and industrial arrangements. The package includes planned purchases, memoranda of understanding and multi-year contracts covering airborne surveillance, missiles, strategic airlift, tanker capacity, high-altitude drones, space laun…
Sampo's stock advanced after two broker upgrades and an active share buyback combined to draw investor interest in a name that had lagged its European peers. Goldman Sachs upgraded to Buy and raised its 12-month target, citing an improving UK motor pricing cycle and multi-year EPS growth potential; Nordea also nudged up its target while reiterating…
International Business Machines Co. (IBM) saw its shares decline in premarket trading after reports that Starbucks is developing internal AI-based applications that could replace some software currently purchased from IBM and other suppliers. The effort, disclosed in internal presentations and forums, is part of Starbucks' cost-cutting turnaround a…
OMV AG shares declined about 1% after the company issued a second quarter trading update that points to stronger-than-expected results in refining and chemicals but headwinds in exploration and production. Consensus estimates for second quarter EBIT and net income may be revised up by roughly 5% to 6%, and the company reported record refining margi…
Volkswagen CEO Oliver Blume will present a broad restructuring package to the company’s supervisory board on Thursday. The programme is expected to cover workforce reductions, plant closures, cuts to planned investment, and changes to the group’s organizational setup. Reports indicate the measures could be sizable and have already drawn opposition …
UBS has increased its year-end Stoxx 600 targets to 690 for 2026 and 760 for 2027 after noting a wider set of European sectors delivering sturdier earnings than earlier anticipated. The bank's strategists say continued AI-related upgrades, positive bank revisions and the fading drag from defensive sectors - aided by euro weakness - support stronger…
India's stock markets closed higher on Thursday, with the Nifty 50 rising 0.34% and the BSE Sensex gaining 0.31%. Strength in Real Estate, Capital Goods and Consumer Durables supported the advance, while select heavyweight names and the pharma sector showed mixed performance. India VIX eased and commodity prices moved higher for gold and oil.
Starbucks is building in-house artificial intelligence-driven software to replace certain third-party systems it currently uses from Microsoft and IBM. The effort is part of a broader company program to trim costs by $2 billion and includes a focused review of technology contracts. Internal development, aided by AI-assisted coding and tied to emplo…
A wave of substantial payouts tied to SpaceX and AI startups has pushed wealthy investors, employees and bankers into the private aviation market. Aircraft lawyers, fractional providers and charter companies report increased transactions, membership sign-ups and flight activity as private-market valuations and the SpaceX IPO create near-term spendi…
BridgeBio Pharma's stock leapt in pre-market trading after the CARDIO-TTRansform Phase III study of Wainua failed to meet its primary endpoint, improving the competitive landscape for BridgeBio’s approved oral TTR stabilizer Attruby. The trial outcome weighed on AstraZeneca shares, lifted peers, and followed a multi-day advance for BridgeBio amid e…
Adecco Group AG Class N shares rose after Deutsche Bank upgraded the staffing firm to Buy from Hold while keeping its CHF 22 price target. The upgrade, combined with a broadly supportive Swiss market and a valuation seen as attractive after a pronounced share decline, pushed the stock higher despite ongoing fragility in recruitment markets and no i…
Citi has initiated coverage of Chery with a Buy recommendation and a price target of HK$36, valuing the company at 9 times 2026 estimated earnings and 7.6 times 2027 estimated earnings. The broker highlights Chery's export leadership, planned overseas production capacity, stronger capital efficiency versus peers, and a forecasted 16% net profit CAG…
