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.
23,105 total articles
South Korea's Fair Trade Commission examiner concluded that Alphabet's Google abused its dominant position in the Android app marketplace by conditioning financial support on app store distribution terms that favored Google Play, affecting 14.16 trillion won ($9.1 billion) in revenue. The KFTC plans to recommend remedies and could impose a fine up …
Following the disruption to Gulf hub operations after the Iran conflict began, a temporary shift of passengers and pricing advantage to Asian carriers on Europe routes is diminishing. Industry flight and booking data show Gulf airlines have largely resumed services, shrinking the passenger and load-factor gains that carriers such as Singapore Airli…
Japan's manufacturing sector expanded for a sixth consecutive month in June, with the S&P Global Japan Manufacturing PMI rising to 54.8 from 54.5 in May. The monthly reading matched the preliminary flash figure and contributed to the strongest quarterly performance since the first quarter of 2014. Production and new orders both strengthened, driven…
Ubtech Robotics shares rose sharply after the company disclosed robust preorder demand for a newly priced line of bionic humanoid robots. Management reported more than 11,000 preorders for the U1 series, which spans a wide price range and marks the company’s first major consumer-facing product push.
Asian equities opened the new quarter with caution as stalled U.S.-Iran negotiations and a sharply weaker yen weighed on sentiment. Rising U.S. Treasury yields narrowed the odds of further Federal Reserve hikes and put pressure on bond markets, while investors awaited remarks from Fed Chair Kevin Warsh and upcoming jobs data. Technology-led gains, …
Bending Spoons priced its U.S. initial public offering at $29 per share on Tuesday, raising $1.68 billion after selling roughly 58 million shares. The Milan-based software consolidator, owner of Vimeo and several other digital brands, will begin trading on the Nasdaq Global Select Market under the ticker BSP, with Goldman Sachs, JPMorgan and Allen …
South32 shares climbed as much as 10% to A$4.290 after the company revealed a transaction to transfer almost its entire aluminium portfolio to Alcoa for up to $5.6 billion. The package combines cash, newly issued Alcoa stock and a contingent payment linked to future metal prices. The move coincides with the start of a new CEO's tenure and a commitm…
U.S. equity futures traded in a narrow range on Tuesday evening after major indexes finished the second quarter with solid gains led by technology and artificial intelligence stocks. Attention has shifted to Federal Reserve Chair Kevin Warsh's scheduled address at an ECB forum in Portugal on Wednesday, and to upcoming nonfarm payrolls, as traders s…
The U.S. administration intends to rescind export restrictions that had curtailed access to Anthropic’s Fable 5 model, sources say. If enacted as expected, the change would permit Anthropic to reinstate general user access to the model after a temporary suspension earlier in June. The startup had previously limited public availability of its Fable …
On June 30, Oaktree-backed ITG set the price of its U.S. initial public offering at $16 per share, below the $19 to $22 range initially marketed, raising $312.2 million by selling 19.5 million shares. The company provides comprehensive digital infrastructure services across the United States and will begin trading on the Nasdaq under the ticker ITG…
Microsoft is preparing to disclose a round of job cuts next week that will affect thousands of positions, including roles in sales and consulting and within the Xbox gaming unit. The reduction is expected to be smaller than layoffs carried out last year and represent under 2.5% of the company’s roughly 220,000-employee global workforce. The move is…
ITG, Inc. has set the price for its initial public offering at $16.00 per share for 19,512,196 Class A shares, expecting to begin trading on the Nasdaq Global Select Market on July 1, 2026 under the ticker ITG. The company anticipates net proceeds of about $279.2 million, which it intends to use to repay outstanding principal on its revolving credi…
South32 has reached an agreement to sell the majority of its aluminium assets to Alcoa for an implied enterprise value of up to $5.6 billion. The U.S. aluminium producer will acquire South32's stakes in operations across Australia, South Africa and Brazil and assume roughly $1.2 billion of related rehabilitation provisions. South32's incoming CEO s…
Mizuho Securities Asia has sharply increased its forecasts for TSMC's CoWoS packaging and advanced-node wafer capacity across 2026-2028, citing a structural surge in server CPU demand tied to AI workloads. The bank upgraded unit forecasts for major customers including NVIDIA and MediaTek, adjusted expectations for Broadcom, and outlined expanded to…
Apotex Health Corp. has received Health Canada approval for SEVMIA™, a generic semaglutide injection indicated for chronic weight management in adults. The product is Canada’s first approved generic equivalent of Wegovy® and is supplied as a multi-use pre-filled pen. The approval complements a recent clearance for Apo-Semaglutide Injection™ and exp…
iHerb, an online retailer of vitamins, supplements and health-and-wellness products, has selected JPMorgan Chase, Morgan Stanley and Citigroup to lead an initial public offering that could raise roughly $500 million. The Irvine, California company, which reported more than $2.8 billion in sales last year and said it was profitable, completed an acq…
Nutrabolt, the Austin, Texas-based company behind C4 energy drinks and sports-nutrition products, has chosen JPMorgan, Goldman Sachs and Bank of America to lead a proposed initial public offering in the United States that could raise as much as $1 billion. The company and the banks declined to comment, and Nutrabolt has not publicly confirmed the f…
Nutrabolt, the Austin, Texas company behind energy drink C4 and nutrition brands including XTEND and Cellucor, has selected JPMorgan, Goldman Sachs and Bank of America to lead an initial public offering that could raise as much as $1 billion, according to people familiar with the matter. The company, which has strategic investments from Keurig Dr P…
KKR has agreed to purchase EDF Power Solutions’ U.S. and Canadian operations for an equity value of about $4.2 billion, with the deal including potential additional payments of up to $390 million. The sale is part of EDF’s effort to raise cash to maintain 57 aging domestic nuclear reactors and to help fund six planned new units. KKR has said it int…
Kura Sushi Inc. (KRUS) is targeting a 20% annual increase in U.S. locations as it presses to capture market share ahead of new entrants. The chain expects to exceed 100 U.S. restaurants this year after earlier equipment delays, and remains committed to expansion rather than slowing growth to chase quicker profitability.
Mexico's equity benchmark, the S&P/BMV IPC, ended the trading day lower, shedding 1.00% as declines in Industrials, Consumer Goods & Services and Consumer Staples pressured the market. Market breadth favored decliners, while selected large-cap names recorded both gains and losses. Precious metals, oil benchmarks and peso exchange rates moved modest…
Colombian stocks closed lower on Tuesday, with the COLCAP index dropping 0.75% as losses in Financials, Investment and Public Services pressured the market. Etb led gains, advancing 17.14% to close at 82.00, while several major names such as Cementos Argos Pf and Interconnection Electric SA ESP finished in negative territory. Commodities and FX sho…
EchoStar's Dish DBS and its wireless affiliates have filed for Chapter 11 in Houston under a prearranged restructuring agreement after an unexpected postponement in the closing of a planned spectrum sale to AT&T left the businesses unable to meet a $2 billion note maturity due July 1. Creditors holding more than 88% of Dish's debt have signed on to…
Boeing has been awarded a $49,500,000 indefinite-delivery/indefinite-quantity contract to remanufacture controllers for the Air Launched Cruise Missile (ALCM). The scope includes production test sets and controller remanufacture, with work to be carried out in Heath, Ohio, and Fort Walton Beach, Florida. The award, issued as a sole-source acquisiti…
Northrop Grumman Corp. (NYSE:NOC) has been awarded three Department of Defense contracts totaling about $68 million. The largest award, valued at $49 million, covers sustainment, logistics support and engineering services for the Joint Tactical Ground Station (JTAGS) program through mid-2027. Two additional modifications to work at the companys El…
