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.
30,207 total articles
InterDigital Holdings Inc. stock climbed sharply in morning trade after the company announced a new patent licensing agreement with Amazon covering devices and services including Amazon Prime Video, and disclosed that remaining litigation between the two companies will be resolved through binding arbitration to establish the final monetary terms. T…
Amazon has made its generative AI-powered assistant, Alexa+, broadly available in Canada at no extra charge for Prime members. The assistant supports English and French, integrates with a range of local services, and is accessible on enabled devices, the Alexa.com browser site, and the Alexa mobile app. Non-Prime users can pay a monthly fee for ful…
Crusoe has paused development of a planned Wyoming AI campus that would have demanded electricity on the scale of a major U.S. city. Reports indicate the company has been edged out of the project after failing to secure anchor customers, with Google raising questions about costs and the timetable under Crusoe's stewardship. Utility partner Black Hi…
Morgan Stanley published May data for North American coatings Producer Price Index (PPI) showing a 5.9% year-over-year increase and a 0.9% month-over-month rise. The firm highlighted considerable volatility in the underlying index, urged caution in reading a single month of data, and noted divergences between PPI trends and company-level pricing re…
Novartis shares rose after the company reported that del-brax, an investigational antibody oligonucleotide conjugate, achieved the primary and key secondary endpoints in the biomarker cohort of the Phase I/II FORTITUDE study in facioscapulohumeral muscular dystrophy. Biomarker reductions signaled target engagement and less muscle damage, and Novart…
Grupo Supervielle ADRs rallied more than 10% in morning trading, propelled by improving international confidence in Argentina's reform trajectory and encouraging company-level guidance. Support from ongoing IMF disbursements and a new World Bank partnership, combined with management's aggressive growth and cost-savings targets, helped lift the stoc…
Stitch Fix stock jumped 15.1% in morning trading after the online styling company reported fiscal third-quarter results that beat Wall Street estimates across key metrics and raised its full-year guidance. Management highlighted sequential active-client growth, record revenue per active client and continuing improvements in new-client lifetime valu…
ASML shares rose sharply in morning trading after Elon Musk made a virtual appearance at the company's annual internal technology conference to discuss Terafab, a $55 billion semiconductor manufacturing project launched by SpaceX, Tesla, and xAI that would rely on ASML's exclusive EUV lithography systems to produce 2-nanometer chips at scale. Comme…
Global Mofy Metaverse Ltd (GMM) saw its Class A shares spike about +5,000% in morning trading after a pre-announced 1-for-50 reverse stock split became effective. The surge reflects the share consolidation rather than any immediate change in the company's enterprise value. The firm has recently pursued AI partnerships and content investments, but p…
Foxx Development Holdings Inc. shares fell sharply in morning trading after the company reported a widening quarterly loss, disclosed substantial impairment and inventory write-downs, and carried a going concern warning in its latest 10-Q. An analyst initiation with an Underperform rating and an executive's sale of shares compounded investor unease…
Shares of Abaxx Technologies fell sharply after Viceroy Research announced a short position and released a report alleging that much of Abaxx Exchange’s trading is driven by incentives, limited order-book depth, and pre-arranged activity. The short-seller also raised undisclosed related-party concerns and flagged recent patent and strategic-investo…
The U.S. Supreme Court, in a 6-3 ruling on June 11, sided with a group of closed-end investment funds affiliated with major asset managers, reversing a lower court decision that allowed private lawsuits under the Investment Company Act of 1940. The case centered on bylaw provisions that limit voting power of large shareholders and whether private p…
Dana shares plunged after the company agreed to combine with Eaton’s Mobility business in a Reverse Morris Trust transaction valued at about $5.1 billion. The structure leaves Eaton shareholders with at least 50.1% of the combined company and requires Dana to issue roughly $1.1 billion of debt to fund a cash distribution to Eaton, raising pro forma…
Hooker Furniture shares jumped sharply after the Virginia home furnishings maker reported fiscal Q1 2027 results that outpaced analyst estimates, returned to profitability, and showed notable margin improvement and order-book growth. Positive operational details and capital allocation actions helped drive the stock to a session high and a new 52-we…
Enliven Therapeutics shares jumped nearly 19.9% in morning trading after the company presented updated Phase 1 data for ELVN-001 at EHA 2026. Trial results in the 80 mg once-daily Phase 1b cohort showed a 61% overall major molecular response rate, with the FDA agreeing that 80 mg once daily is the recommended Phase 3 dose and the ENABLE-2 pivotal t…
Tutor Perini Corporation shares climbed in morning trading after the company announced a $651.8 million task order from Naval Facilities Engineering Systems Command Pacific to upgrade electrical distribution at Naval Base Guam. The project - which will replace overhead feeders with underground concrete-encased duct banks - is scheduled to begin des…
Elliott Advisors has been reported as one of the parties evaluating a takeover of The Very Group, a UK online retailer that operates the Very and Littlewoods brands. The potential transaction could value the business at around £2 billion, or approximately $2.67 billion. Interest follows earlier reports that JD.com had considered a similar bid and c…
Embraer said its commercial aviation division holds a backlog exceeding $15 billion and that the principal engine issues that affected its E2 family have been fixed. The company reaffirmed a plan to deliver 80 to 85 commercial jets in 2026, highlighted a recent firm order for 15 E195-E2s from lessor Azorra, and reported a sharp decline in E2 aircra…
Investors pulled $64.5 million from exchange-traded funds that use futures tied to the Cboe Volatility Index (VIX) to provide protection against market swings, while inverse-VIX products that benefit from calmer markets attracted $9.89 million. Total assets in funds tracking VIX derivatives rose slightly to $2.89 billion from $2.85 billion despite …
Nakamoto Inc. shares climbed about 7.5% after the company said it reduced outstanding debt by $45 million through the sale of roughly 600 Bitcoin and related derivative positions, entered a new loan term sheet with Payward Interactive (Kraken) that extends principal into mid-2027 and lowers interest costs, and authorized a $25 million share repurch…
Google declined to join the U.S. government's $2 billion quantum funding initiative, arguing that stipulations attached to the program would slow its progress toward a working quantum computer. The announcement clarifies why Google - along with Microsoft and IonQ - was not among the nine recipients listed by the administration. Company leaders emph…
Goldman Sachs says Wall Street consensus for hyperscaler capital expenditure in 2027 is too low given potential incremental AI investment. Analyst Ryan Hammond set out modelled scenarios where hyperscaler capex could reach about $1.1 trillion if AI investment equals 2-3% of GDP, and as much as $1.4 trillion under a higher upside case, contrasting w…
Viasat Inc. agreed to a prime contract with the U.S. Space Force to build, launch and provide operations support for a dual X/Ka-band mini-GEO satellite under the Protected Tactical SATCOM-Global program. The multi-year Swarm 1 Delivery Order moves the company’s mini-GEO architecture into production and includes five years of sustainment services. …
BofA Securities reaffirmed its Buy rating on Ares Management Corporation after a group investor dinner with the company’s CFO, pointing to an attractive valuation discount and visible growth channels. The bank highlighted shadow assets under management, European waterfall structures and expansion of real assets and asset-based finance as core suppo…
OraSure Technologies' stock rose in premarket trading after the company announced FDA clearance for its Colli-Pee Dx urine collection kit paired with Roche cobas molecular systems, enabling at-home first-void urine collection for multiple STIs and a mail-in testing workflow for laboratories and health systems.
