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.
23,106 total articles
Deutsche Bank says the so-called Magnificent Seven tech names have been weighing on U.S. markets for the past nine to ten months, with the weakness intensifying in June. Strategist Jim Reid traces the shift to a rotation that began in late October, and the bank lists four specific factors that help explain the recent underperformance despite persis…
The White House authorized an eight-month pause on antidumping and countervailing duties for certain phosphate fertilizers imported from Morocco. The move, intended to address production constraints tied to sulfur availability and cost, removes duties of up to 16.8% imposed in 2021. The decision has drawn mixed responses from domestic producers and…
Marvell Technology shares jumped sharply in morning trading following a series of analyst updates that highlighted the company’s leadership in the CXL interconnect market for AI data centers. UBS raised its price target to $340 from $230 while maintaining a Buy rating and sharply increased revenue forecasts tied to CXL-related ASIC attach opportuni…
Macquarie says Air New Zealand is undertaking a strategy reset while largely keeping existing plans, with further detail to come. The airline plans 3-4% annual capacity growth from fiscal 2026 through 2031 but has trimmed near-term capacity targets and left fiscal 2026 guidance unchanged. Macquarie kept an Underperform rating, citing another diffic…
Vishay Intertechnology shares dropped sharply after the company disclosed a 15 million-share underwritten offering priced at $50 per share, about $750 million in gross proceeds. The discounted price and sizable dilution, plus an underwriter option for further issuance, drove a selloff that continued from after-hours trading into the regular session…
Intel shares climbed sharply in morning trading after a New York Times piece highlighted the company’s mounting momentum and cast the forthcoming 14A process node as the pivotal measure of its manufacturing turnaround under CEO Lip-Bu Tan. The move was amplified by Cantor Fitzgerald’s substantial price-target increase and other analyst upgrades, se…
The U.S. Department of Health and Human Services has withdrawn federal funding and denied certification for New York’s Medicaid Fraud Control Unit, saying the state has brought fewer criminal prosecutions than other large states. HHS acknowledged civil-case results and some criminal-case improvement this year but found the overall progress insuffic…
Ireland's Data Protection Commission (DPC) has been directed by the Irish High Court to reassess an earlier order that would suspend TikTok's transfers of EU user data to China. The court maintained the DPC's conclusion that TikTok breached EU privacy rules but asked the regulator to provide clearer reasoning on certain submissions before finalizin…
Nestle has set a target to eliminate artificial food colourings from all products worldwide by the end of 2026, the company’s technology chief said in an exclusive interview at its Vevey, Switzerland headquarters. The move extends efforts already completed in the United States and follows growing consumer scrutiny of ingredients and the rise of GLP…
Circle Internet's stock fell sharply after news that a broad industry consortium has formally launched Open Standard to issue a US dollar-backed stablecoin called Open USD. The consortium includes large payments, finance and technology firms that plan to integrate the token when it launches later this year. The development adds to existing regulato…
China's three largest Android vendors have slashed their 2026 shipment goals by as much as 30%, a reflection of a structural memory shortage driven by AI-server demand. Micron is a primary beneficiary of the squeeze, reporting record Q3 fiscal 2026 results as cloud and hyperscale customers absorb memory capacity that previously flowed to smartphone…
Oppenheimer downgraded several large U.S. bank stocks, saying elevated valuations leave little room for further upside even as earnings forecasts improve. The firm trimmed ratings on Goldman Sachs, Morgan Stanley, Bank of America and Citigroup while keeping bullish calls on PNC and U.S. Bancorp. It raised near-term earnings estimates on stronger tr…
Digital Realty Trust shares fell sharply in morning trading after the company closed its $3.5 billion deal to acquire Blackstone’s 64% blended equity stake in three Northern Virginia hyperscale data centers. The transaction was funded with $1.2 billion in cash and $2.3 billion of newly issued Digital Realty shares, triggering investor concern over …
Morgan Stanley told clients that the equity rotation following the US-Iran memorandum of understanding still has upside, identifying pockets across EEMEA that have not yet returned to pre-conflict levels. The bank flagged banks in the UAE, South Africa, Hungary and Turkey, along with UAE real estate, as early winners of the de-escalation trade, whi…
Circle Internet shares fell about 5% after reports surfaced that a broad group of payment firms, banks and asset managers are forming a joint stablecoin initiative called Open Standard to issue a US dollar-backed token, Open USD. Backers include major payments firms and financial institutions that plan to integrate the token into their systems late…
Strategy Inc shares fell sharply in pre-market trading after the company’s board approved a Digital Credit Capital Framework that permits the sale of Bitcoin to bolster dollar reserves and sets separate $1 billion buyback programs for Class A common stock and preferred Digital Credit securities. The move, a reversal of the firm’s previous stance ag…
Bitmine Immersion Technologies shares fell in pre-market trading as a sharp slide in Ethereum prices reduced the market value of the company’s large ETH holdings. The stock traded near its 52-week low after a disclosures filing confirmed the firm’s sizable ETH position and overall crypto and cash holdings, but the tumbling price of ETH and weak cry…
Brazilian sugar and ethanol producer Raizen will keep reducing sugarcane crushing capacity through asset disposals as it pursues what Chief Executive Nelson Gomes calls an "optimal size." The moves come after the company reported a sharply larger net loss for the final quarter of the 2025/26 crop and form part of a broader effort to lower leverage,…
The Reserve Bank of India’s Financial Stability Report projects that the banking system’s gross non-performing assets will remain below 2% through March 2028 under a baseline projection using current macroeconomic forecasts. Stress tests show that, under sharp slowdown and higher inflation scenarios, GNPA could rise to between 3.8% and 4.1% by Marc…
Align Technology saw its stock decline after the European Commission announced a formal antitrust inquiry into whether the company tied purchases of its iTero intra-oral scanners to use of its Invisalign clear aligners within the European Economic Area. The probe follows a complaint from a competitor and will assess whether such tying practices vio…
AbbVie shares fell roughly 0.5% in pre-market trading following the opening of a bipartisan U.S. House committee investigation into the company’s clinical trials conducted in China. Lawmakers requested documents on due diligence and data protection at sites in Xinjiang and military hospitals by July 17. The inquiry, which also names Merck, introduc…
Martin Chavez, vice chairman at Sixth Street and a board member of Alphabet Inc., warned at the Momentum AI London event that the United States' current strategy of regulating AI on a model-by-model basis is inconsistent and opaque. He said regulation tends to follow crises, argued for industry-wide safety measures akin to post-crisis financial str…
Shares of industrial equipment maker Regal Rexnord climbed 8% after Kerrisdale Capital disclosed a long position, citing the company’s strategic acquisitions, improving margins and early traction in data-center power equipment orders. The activist investor highlighted recent expansion into secular growth end markets and noted past balance-sheet pre…
Joby Aviation and Toyota Motor announced a manufacturing joint venture to produce Joby’s S4 Series electric vertical takeoff and landing (eVTOL) aircraft. The new entity, the Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), will be majority-owned by Toyota and include directors from both companies. The move comes as Joby pursues governm…
A federal judge in Oakland declined Meta Platforms’ request to dismiss a multi-state lawsuit alleging that Facebook and Instagram were engineered to be addictive to children and that Meta concealed the resulting harms. The court rejected motions to dismiss claims based on deception and unfairness and found Meta in violation of the Children’s Online…
