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
A federal judge in Connecticut has removed Pfizer as a defendant from a large antitrust suit brought by most U.S. states, finding that prosecutors did not present sufficient evidence that Pfizer conspired with rivals via its former Greenstone unit to rig bids or allocate customers for a set of generic drugs between 2010 and 2014.
Stifel has initiated coverage of BlackBerry with a Buy rating and a $12 price target, arguing the market underestimates the company's role as an infrastructure provider for physical AI. The firm emphasizes BlackBerry's QNX operating system, a safety-certified platform used alongside computing partners such as NVIDIA, Qualcomm and AMD, and points to…
Norway's equity market closed lower on Wednesday, with the Oslo OBX falling 1.01% to a three-month low. Sector losses in Media, Transport and Diversified Financials were primary contributors. Select large-cap names including Orkla, Yara and SalMar posted gains, while Kongsberg, Var Energi and Nel were among the heaviest decliners. Oil and gold pric…
Israel's main index closed marginally higher on Wednesday, driven by advances in Biomed, Insurance and Real Estate sectors. The TA 35 rose 0.16% at the close. Individual winners included Enlight Renewable Energy, Menora Miv Hld and Mega Or, while Camtek, Tower Semiconductor and Nova posted the largest declines. Commodities and currency moves were n…
Quest Diagnostics shares rose after the New York State Department of Health’s Clinical Laboratory Evaluation Program approved the company’s Haystack MRD circulating tumor DNA test for detecting residual or recurring disease in patients with solid tumor cancers. The clearance in New York is the final state-level authorization required to offer the t…
SpaceX's public-market debut dominated trading activity on moomoo's U.S. platform, with SPCX accounting for participation from more than half of active traders and generating roughly 7.7 times the orders of the runner-up. Engagement extended to the platform's AI tools, with over a quarter of users querying the assistant about the IPO on the same da…
Greece's stock market closed marginally lower on Wednesday, with the Athens General Composite falling 0.07%. Sector losses in Telecoms, Household and Basic Resources weighed on the market, even as several individual stocks posted strong gains. Market breadth favored decliners, and key commodities posted sizeable drops while the US dollar strengthen…
Options volume in McCormick & Co. rose sharply to 5,945 contracts by 10:21 a.m. New York time on Wednesday, led overwhelmingly by call options. Two call strikes - a January 15, 2027 $60 and a September 18, 2026 $55 - together represented the majority of contracts. The underlying stock traded higher, up 1.89% to $48.28.
Quantum X Labs Inc. (NASDAQ: QXL) saw its stock rise 2.9% on Wednesday after the company revealed a laboratory demonstration of a fully all-optical Hemispherical Resonator Gyroscope (HRG). The experiment replaced conventional electrostatic actuation and measurement with purely optical excitation and readout, a development the company says reduces s…
Chemours agreed to a $450 million settlement with the U.S. Justice Department, the Environmental Protection Agency and the West Virginia Department of Environmental Protection to resolve enforcement claims tied to PFAS releases at four facilities in West Virginia, North Carolina and New Jersey. The deal includes monetary penalties, long-term mitiga…
Avis Budget stock dropped in morning trading after rival Hertz Global Holdings sharply reduced its second-quarter 2026 adjusted corporate EBITDA outlook to $50 million-$80 million and announced sizable capital raises. Hertz said May vehicle sale losses erased April gains, driving net depreciation per unit per month back toward roughly $300 — a key …
Wednesday's trading session produced notable divergences across market-cap tiers. Homebuilder and fintech names posted sizable gains, while several large-cap technology and storage companies retreated. Below are the largest movers organized by market-cap categories, with specific company moves and related news noted where available.
Rocket Companies rose sharply in morning trade after fresh housing-price data and an increase in refinance applications bolstered expectations for origination volumes. Technical relief from an oversold position and a still-positive analyst consensus added momentum, even as mortgage rates remain elevated.
Kalshi, the prediction market operator, is exploring the possibility of an initial public offering, CEO Tarek Mansour told CNBC’s Squawk Box. Mansour said the company is not planning to go public this year and explicitly stated an IPO will not occur in 2026. He described ongoing efforts to strengthen market integrity, including enhanced employer id…
Robinhood Markets shares fell sharply in morning trading after reports that Meta Platforms is building an internal prediction-markets app called 'Arena.' The move intensified pressure on Robinhood, which has been expanding into event-contract trading and sports betting, and came as the company is closing a $2 billion convertible note offering that …
IREN Ltd shares dropped 5.9% in morning trade to $51.49 as analysts continue to disagree sharply about the firm's transition away from Bitcoin mining toward AI cloud infrastructure. Price targets range from $36 to $100, reflecting divergent views on execution risk, valuation and the company’s ability to meet its $3.7 billion ARR goal amid hardware …
Strategy Inc shares tumbled nearly 6% to $97.67, hitting a new 52-week low, after analysts flagged a head-and-shoulders pattern on the monthly chart with key neckline support in the $100-$105 range. Criticism of the company's Bitcoin-focused treasury strategy intensified as researchers urged a pause to Bitcoin accumulation amid a 38% drop in cash r…
The S&P 500 energy index declined 2.45% on Wednesday as Brent and U.S. crude futures tumbled, with signs that additional oil tankers are preparing to move out of the Strait of Hormuz cited as a driver of the slide. Major integrated producers, independent explorers, oilfield services firms and refiners all recorded losses.
Apple engaging Intel to manufacture its chips resolves capacity pressures at TSMC but faces a lengthy timeline and execution risk. Industry analysts estimate two to three years for initial chip development and additional months to ramp to volume, with production possibly not affecting flagship devices until late 2027 or beyond. Intel’s track record…
Shares of Avis Budget Group Inc fell more than 6% on Wednesday following an earnings outlook reduction and financing announcements from rival Hertz Global Holdings Inc. Hertz trimmed its second-quarter 2026 adjusted corporate EBITDA forecast to $50 million-$80 million, cited softness in the used-car market and disclosed a $300 million private offer…
Barclays technology analysts have singled out nuclear operators and uranium producers among more than 400 firms they view as essential to an expanding digital and power infrastructure. The bank projects Western hyperscalers and AI labs could spend in excess of $1 trillion on AI infrastructure before a peak expected by 2028, driving demand for relia…
China’s National Audit Office disclosed its annual review to the national legislature, identifying tax avoidance and policy irregularities at Bank of China Ltd., improper farmland lending by Agricultural Bank of China Ltd., and governance weaknesses at China Everbright Group Ltd. The findings were presented by Hou Kai and published on the audit off…
Stitch Fix shares rose after the company expanded its AI-powered style visualization platform, Stitch Fix Vision, to include a self-image capability that lets clients generate personalized images of themselves wearing recommended outfits by uploading a selfie through the app. The enhancement integrates into the Freestyle experience and stores gener…
The U.S. Postal Service told lawmakers it is facing acute liquidity pressure and has begun borrowing from employee retirement accounts to sustain operations. The Postmaster General urged Congress to provide compensation for loss-making services and enact reforms to stabilize the agency, warning that operating funds could be exhausted within months …
BTIG initiated coverage of Take-Two Interactive with a Buy rating and a $290 price target, arguing that the launch of Grand Theft Auto VI on Nov. 19 will underpin a durable improvement in the publisher's earnings power. The firm models higher bookings and pro forma EPS for fiscal 2027 than both company guidance and visible consensus, and highlights…
