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.
30,184 total articles
Microsoft announced the elimination of roughly 4,800 roles, representing about 2.1% of its global workforce, as the company redirects resources into prioritized growth areas. Leadership said the moves are part of a structural pivot rather than a response to AI-driven automation, and emphasized redeployment and voluntary exits alongside layoffs. Key…
Bernstein's assessment of Sky's purchase of ITV's media and entertainment division places the pre-synergy valuation at 5.7x-6.5x EBITA and highlights a £200 million contingent cash element tied to fiscal 2027 advertising revenue. Based on Bernstein's current revenue projection, the contingent payment would be £132 million before tax leakage. ITV wi…
Broadcom's stock rallied in pre-market trading after a regulatory filing revealed that the company and Apple agreed to extend and expand a custom chip supply arrangement through 2031. The multi-year pact covers the development and delivery of custom application-specific integrated circuit (ASIC) silicon across several future generations of Apple ha…
TeraWulf announced a 20-year lease with AI developer Anthropic for a purpose-built data center campus at the company's Justified Data site in Hawesville, Kentucky. The arrangement is expected to generate roughly $19 billion in contracted revenue and prompted a notable premarket share rise. In a separate move, TeraWulf agreed to sell its 50.1% stake…
BTIG has put forward four high-conviction names in its Energy & Infrastructure coverage for the second half of 2026. The selections emphasize utilities and digital-infrastructure companies that BTIG believes stand to gain from accelerating electricity demand tied to data centers and artificial intelligence workloads, alongside improving regulatory …
Rogers Communications has agreed to purchase the final 25% stake in Maple Leaf Sports & Entertainment from Kilmer Sports for C$4.35 billion, a move that values MLSE at C$17.4 billion and gives Rogers complete control of the company that owns the Toronto Maple Leafs, Toronto Raptors, Toronto FC and Toronto Marlies. The deal is subject to approvals f…
On July 6, Micron Technology and Ford Motor agreed to a long-term supply arrangement covering memory and storage platforms that will be used in Ford's next-generation vehicle production. The deal comes days after Micron reached a comparable agreement with General Motors and is part of the chipmaker's broader U.S. manufacturing expansion for automot…
Italian shipbuilder Fincantieri agreed to acquire majority stakes in four domestic subsea technology companies with an initial outlay of about €600 million. The move strengthens the group’s capabilities in marine survey and geoscience, unmanned underwater and surface drones, marine construction support and wireless communications for underwater net…
Reddit reported that its automated moderation systems identified roughly 25,000 spammy posts and comments per day in Q1 and prevented 23 million spam views daily before users saw them. The company says improvements in AI tools - including large language models and account-creation signals - drove the increase in detected spam, while exposure to spa…
HSBC raised its price target on Intel to $200 and kept a Buy rating, driven by stronger forecasts for server CPU shipments and the addition of Intel's foundry operations into its valuation. Analyst Frank Lee boosted server CPU shipment growth assumptions for 2026 and 2027, and raised data center and AI revenue projections that sit above Street cons…
Thyssenkrupp's U.S.-listed ADR climbed sharply in premarket trading after a report said Canada has selected the company's marine division as the preferred builder of 12 diesel-electric submarines. The story, which has not been publicly confirmed by the Prime Minister's office, details estimates of both upfront acquisition and very large lifecycle m…
Morgan Stanley's latest European Internet & Media note singles out a curated list of companies carrying an Overweight rating. The selections span music, advertising, online marketplaces, gaming, food delivery and technology, with the broker favouring businesses that combine structural growth, defensible market positions, improving monetisation and …
Italian energy group Eni will invest $225 million for a minority stake in Project Black Giant, a large lithium development in Antofagasta, Chile operated by Energy Exploration Technologies Inc. The project targets up to 52,500 metric tons of lithium carbonate annually across its first two phases and is projected to produce roughly $1.3 billion in g…
Solstice Advanced Materials shares dropped sharply in pre-market trading after the company disclosed a definitive agreement to acquire Element Solutions in a cash-and-stock transaction valued at about $14.5 billion including assumed net debt. The structure of the deal - which includes a stock issuance and a $4.7 billion bridge loan - raises Solstic…
Regulatory disclosures filed on Friday showed no notable insider purchases or insider sales among U.S.-listed companies. While the absence of material activity reduces immediate signals about executive sentiment, insider transactions remain a supplementary data point that investors may use alongside other information when assessing equities.
Bernstein moved Datadog from Outperform to Market-Perform while lifting its price target to $226 from $180, arguing that recent share-price strength exceeds the companys improving fundamentals. The firm raised long-term revenue assumptions and expects AI-related demand to remain an important growth driver, but warned of near-term moderation in ent…
Renault Group's CEO Francois Provost told French business daily Les Echos that the automaker is achieving higher margins on compact electric models such as the R5, R4 and Twingo than on larger models like the Megane and Scenic. The company says the R5, launched in late 2024, has become one of Europe’s best-selling EVs, and Renault has seen its EV o…
A term sheet reviewed by market sources shows Tencent Mobility, a unit of Tencent Holdings, is offering about 273 million Kuaishou Technology Class B shares in a secondary placement priced between HK$43.15 and HK$44.53 each, valuing the sale at roughly $1.50 billion to $1.55 billion. The offer represents a discount to Kuaishou’s last close of HK$46…
Solstice Advanced Materials, spun out of Honeywell less than a year ago, agreed to acquire Element Solutions in a transaction valued at about $14.5 billion including debt. The deal, payable with cash and Solstice stock, is positioned to broaden Solstice's product mix across semiconductor materials, electronics and thermal management applications an…
Aevex Corp. saw its shares rise roughly 3.2% in premarket trading after announcing a $17.5 million follow-on contract to support U.S. national security objectives. The contract, placed within the company’s Global Solutions offering, is intended to sustain delivery of mission-focused, data-driven services for government customers and underscores con…
GMEX Robotics announced it has entered into a Letter of Intent to acquire certain equity interest in a California-based robotics and industrial AI company that develops physical AI connectivity solutions and wireless Systems-on-Chip for autonomous systems. The stock jumped 30% on the news as the proposed deal is intended to improve wireless connect…
Tencent Mobility, an arm of Tencent Holdings, is planning a secondary sale of about 273 million Kuaishou Class B shares at HK$43.15 to HK$44.53 apiece, seeking roughly $1.50 billion to $1.55 billion. The proposed range is at a modest discount to Kuaishou’s most recent close, and Kuaishou will not receive proceeds from the offering.
Shares of AXT Inc (NASDAQ: AXTI) climbed in premarket trade after its subsidiary, AXT-Tongmei, entered a three-year Master Development and Supply Agreement with Coherent Corp (NYSE: COHR). The contract, effective June 25, establishes terms for the mass development and supply of 6-inch indium phosphide wafer substrates through June 2029, includes a …
Saudi Arabian equities finished slightly higher on Monday, with the Tadawul All Share index gaining 0.13%. Outperformance in the Transport, Media & Publishing and Agriculture & Food sectors supported the advance. A handful of names delivered double-digit percentage moves, while decliners outnumbered advancers on the exchange. Commodity and currency…
Renault Group is reporting higher profit margins on its compact electric R5 compared with larger models such as the Megane and Scenic, CEO Francois Provost told Les Echos. The company said the R5, as well as the R4 and Twingo, are generating positive margins. Provost also cited a significant increase in electric vehicle orders in some markets since…
