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.
30,178 total articles
PayPal has eliminated roughly 600 positions in India, equivalent to about 10% of its local workforce, as the payments company implements a global restructuring intended to lower costs. The job losses span technology, engineering, operations, payments and finance teams across Chennai, Bengaluru and Hyderabad. Impacted employees were notified beginni…
A UNICEF study of roughly 21,000 internet-using children across 21 countries estimates about 20 million children were subjected to sexual exploitation or abuse on digital platforms in a single year. The report identifies social media as the predominant venue, highlights the emergence of AI-generated sexual imagery, and documents very low reporting …
The U.S. Department of Justice's antitrust division has expanded a criminal inquiry into rising beef costs to include eight large retailers. Associate Attorney General Stanley Woodward has sent letters to the companies about the recent jump in retail beef prices. The enlargement of the probe follows earlier scrutiny of meatpackers and a multistate …
Accelevation, a provider of power and infrastructure equipment for data centers and owned by Olympus Partners, filed for a U.S. initial public offering on Sept 2. The company, which supplies power distribution and deployment solutions for data center customers, is seeking to capitalize on investor interest in firms tied to the AI-driven expansion o…
U.S. officials and cybersecurity firm CrowdStrike announced a coordinated effort to dismantle Sality, a long-running Russian-based botnet first identified in 2003. Authorities said they seized web domains used by the operation to control infected machines, while CrowdStrike reported it had cut compromised hosts off from the botnet's controller by f…
JPMorgan Chase has reduced the prime financing it provides to Jane Street following the quantitative firm's expansion into U.S. Treasury market-making. The trim represented about 5% of Jane Street's fixed-income credit lines and did not materially affect the firm's top-line results, but it signals heightened tensions between legacy dealers and fast…
Colombian stocks ended Wednesday with gains, led by strength in Industrials, Services and Agriculture. The benchmark COLCAP index closed up 0.77%. Top performers included Grupo Argos SA Pref, Ecopetrol SA and Interconnection Electric SA ESP, while Etb, Bolsa De Valores De Colombia and Mineros SA were among the laggards. Commodity and currency moves…
Russian equities closed lower on Wednesday with the MOEX Russia Index down 0.34%, driven by losses in the Power, Mining and Manufacturing sectors. Select miners and steelmakers outperformed, while utility and banking names lagged. The Russian Volatility Index fell sharply, and commodity and FX benchmarks showed modest moves at the close.
Sept 2 - Hershey has appointed Dave Hulays as chief financial officer, promoting a seasoned insider to the role with immediate effect. Hulays, 54, joined the company in 2012 and has held progressively broader finance responsibilities across Canada, the United States and international operations. The leadership change comes as the maker of Reese's r…
Microsoft announced it will start disclosing quarterly sales figures for its Azure cloud computing business and reorganize its reporting structure from three segments into two. The change groups cloud services, AI-based software and traditional business software into a new "Agents and Infra" segment, while Windows, Xbox and advertising will be comb…
Netlist Inc. shares fell sharply in afternoon trading after the U.S. Court of Appeals for the Federal Circuit affirmed a Patent Trial and Appeal Board finding that all challenged claims of one of the company's key memory patents are unpatentable as obvious. The court found Netlist's arguments "not persuasive," delivering a victory to Micron Technol…
Shares of Sphere Entertainment Co (NYSE:SPHR) jumped 5.6% on Wednesday after Guggenheim analyst Curry Baker raised his price target to $208 from $193 and kept a Buy rating. Baker pointed to several near- and mid-term catalysts, including a refreshed Wonders of the World experience debuting on September 25 and expected improvements in Las Vegas seas…
Three mid-cap equities merit attention for different reasons: Liquidia Technologies for its rapid revenue and share-price ascent; Dynex Capital for its valuation gap and income-oriented profile; and Ondas for outsized revenue growth paired with persistent losses. All three are more suitable as watchlist candidates than as automatic buys given curre…
Varonis Systems shares rose sharply after news emerged that Proofpoint, backed by private equity firm Thoma Bravo, is in talks to acquire the cybersecurity company. The discussions could produce an announcement in the coming weeks, though no decision has been finalized and the talks may still fail or attract other bidders.
Shell Offshore will acquire a 30% interest in BP’s Conifer exploration prospect in the Gulf of Mexico and a 50% interest in the Tupinamba block in Brazil’s Santos Basin. BP will retain majority ownership and continue as operator in both projects. The moves follow a period in which both companies increased investment in renewables and lower-carbon b…
South African retailer TFG will remove 180 stores from its network across the next three financial years as part of a push to improve profitability and streamline its physical footprint amid rising online revenue. The company reported modest sales growth in the most recent 21-week trading period, with notable gains in African online sales driven by…
Options activity in MongoDB (MDB) during early September shows elevated two-sided trading centered on a $370- $390 near-term range, with puts slightly in the majority and implied volatility sharply lower. A large long-dated $150 put calendar print suggests tail-risk structuring rather than a clear market consensus on a deep fall, while skew has ris…
Waymo is reportedly on the verge of closing its inaugural debt facility, with Pacific Investment Management Co. and a consortium of lenders set to provide in excess of $3 billion to the autonomous driving division of Alphabet. The transaction, which includes participation from Blackstone and Sixth Street Partners and advisory support from Goldman S…
Traders face a dense slate of economic releases on Thursday, September 3, 2026, led by the ISM Non-Manufacturing PMI, Initial Jobless Claims, and S&P Global's Services PMI. Multiple additional data points - including productivity, unit labor costs, trade figures and Fed commentary - are scheduled that morning, offering several snapshots of demand, …
Moody's has affirmed Procter & Gamble's principal credit ratings and moved the outlook to positive from stable, pointing to persistent free cash flow generation, earnings growth driven by pricing, innovation and cost savings, and a portfolio focused on globally scalable consumer brands. The agency noted that the $3.8 billion acquisition of suppleme…
Barrick Mining Corp. is reported to be considering postponing the initial public offering of its North American gold operations until 2027. The move would mark a delay from the company’s previously stated plan to list the unit by the end of this year. Preparatory work is ongoing and the timetable remains subject to change while Barrick engages bank…
Meta trades at modest multiples relative to its projected growth, yet the market is demanding visible proof of AI-driven monetization and margin recovery. Revenue growth has accelerated, but recent earnings misses, rising infrastructure spending and sliding free cash flow leave investors cautious. A clean re-rate will require stable EPS trends, imp…
Palantir Technologies shares dropped sharply in mid-day trading after Google DeepMind introduced Gemini 3.8 Flash Cyber, an AI model built for cybersecurity and automated vulnerability remediation and offered through a government-focused Fairwind Program. The model directly addresses clients central to Palantir’s revenue base. Combined with recent …
The New York Stock Exchange participated as an early partner in Anthropic PBC's Project Glasswing, using access to the Mythos AI model to detect several cybersecurity weaknesses and remediate them, exchange President Lynn Martin told the House Financial Services Committee. Martin declined to provide details on the nature of the vulnerabilities or w…
Credo Technology reported a robust Q1 with revenue and EPS beating expectations, but the stock plunged following guidance and margin disclosures that suggested optical product scaling may weigh on profitability in the near term. Management pointed to continued optical revenue expansion and a multi-year pathway for higher-capacity DSPs, while invest…
