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
U.S. equity futures turned lower Wednesday evening after renewed military action involving Iran and a sharp sell-off in technology names. Oracle plunged in after-hours trading following a forecast for substantially higher capital spending in fiscal 2027, which overshadowed stronger-than-expected quarterly results. Broader selling reflected investor…
Residents and human rights organizations report a Venezuelan military deployment near Las Claritas in southern Bolivar state to confront armed groups controlling gold deposits in the Orinoco Mining Arc. The operation coincides with government efforts to reopen mining to foreign investors, following a new mining law and discussions with the United S…
Panasonic Holdings said it will begin mass production of battery cells for data centre energy storage at a Kansas facility in the financial year 2028 (ending March 2029). The company is reallocating roughly 350 billion yen of a previously announced 500 billion yen AI infrastructure investment to its Energy unit, with 150 billion yen directed to its…
Frasers Group, the retailer led by the Ashley family, has tabled a voluntary public takeover offer valuing the remaining Hugo Boss shares at roughly €1.98 billion. The cash bid of €38 per share represents a 4.3% premium to Hugo Boss's most recent close and follows a period of weak sales and strategic restructuring at the fashion group.
Short seller Jim Chanos told investors that SpaceX’s planned $1.75 trillion valuation for its upcoming public debut is not supported by reasonable near-term assumptions, and flagged governance and valuation issues that could make the company a target for short positions. He also reiterated a pessimistic view of the data center sector, describing it…
PureCycle Technologies disclosed concurrent offerings of $250 million in convertible senior notes due 2032 and $145 million in common stock, plus underwriter options, totaling a potential $395 million. The announcement triggered a 13% drop in the company's shares in after-hours trading. Proceeds are earmarked primarily to repurchase existing 7.25% …
Short seller Jim Chanos criticized SpaceX's planned New York IPO and $1.75 trillion valuation, saying the price rests on unrealistic expectations rather than measurable fundamentals. He contrasted SpaceX's 90-times-sales multiple with Tesla's 14-times multiple, expressed skepticism about data center economics, and noted that shorting Musk-linked co…
Microsoft's Xbox division is preparing a significant round of layoffs scheduled for next month, alongside sizeable reductions in marketing and other budgets. The moves follow comments from the gaming unit's CEO about thin margins and heavy spending on content, platforms and hardware subsidies over the last five years, and come after earlier strateg…
Two Democratic lawmakers have asked Goldman Sachs' chief executive to explain reported plans to retain the bank's former top lawyer as an adviser despite documents indicating she accepted gifts from Jeffrey Epstein and counseled him on media responses. The lawmakers seek details on the adviser role, the firm's prior knowledge of the relationship, a…
Mexican stocks closed lower Wednesday as declines in industrials, consumer goods & services and consumer staples pushed the S&P/BMV IPC down 0.90% to a fresh one-month low. Market breadth favored decliners, led by steep falls in select small-cap and mining-related names, while a handful of large caps outperformed. Commodities and currency markets s…
AVAX One Technology Ltd. (NASDAQ:AVX) announced its board has approved a 12-for-1 reverse stock split to comply with Nasdaq minimum bid requirements, a move previously ratified by shareholders. The change, effective at the market open on June 15, 2026, will convert every 12 outstanding common shares into one share and cash out fractional shares. Sh…
Colombia's benchmark index finished higher on Wednesday, with the COLCAP rising 0.45% as gains in the Industrials, Services and Agriculture sectors supported the market. Select financials and industrial names led advancers, while construction-related and energy-linked stocks weighed on the downside. Commodity contracts and local FX pairs showed mix…
Teradyne Inc. has been awarded a $139,903,994 firm-fixed-price requirements contract by the U.S. Department of War for versatile diagnostic automatic test station kits. The contract covers kits for assembling standardized, commercially available test equipment, components, and software. Work is to be performed at Robins Air Force Base, Georgia, wit…
The MOEX Russia Index closed marginally lower on Wednesday, slipping 0.06% as losses in mining, manufacturing and telecoms pressured the market. While AFK Sistema led gainers, several large miners fell, and volatility along with notable commodity price moves marked the session. Currency rates were unchanged and the U.S. Dollar Index futures ticked …
Mujin is raising an extension to the $233 million Series D round it closed in December, valuing the company at over $1 billion, CEO Issei Takino said in an interview with Bloomberg. The additional funding is intended to carry the business through to an initial public offering targeted by 2030 as demand for artificial intelligence-driven automation …
Microsoft's Xbox division is preparing a significant round of layoffs in July, with the moves expected after the close of Microsoft's fiscal year on June 30. In an internal message reviewed by reporters, CEO Asha Sharma said Xbox's accountability margin has fallen to 3% and described years of heavy spending alongside declining annual revenue. The u…
People with knowledge of the situation say SpaceX has been assigned investment-grade credit ratings by Moody's, Fitch and S&P. The move comes as the company prepares to price an initial public offering expected to raise roughly $75 billion and is managing a large long-term debt load that includes a $20 billion bridge loan.
Snow Rothschild Acquisition Corp. completed an initial public offering of 20 million units at $10 each, raising $200 million. Each unit comprises one Class A ordinary share and one-half of a redeemable warrant, with whole warrants exercisable at $11.50. The units began trading on Nasdaq on June 9, 2026 under the ticker ISNRU, and the underlying sha…
After the market closed, shares of Oracle, Stitch Fix and Oxford Industries moved sharply on fresh quarterly results and forward guidance. Oracle posted a strong fourth quarter and maintained its $90 billion revenue target while raising non-GAAP EPS guidance to $8.05, but shares fell amid investor concern over a roughly $40 billion financing plan t…
U.S. equity markets closed lower on Wednesday, with the Dow Jones Industrial Average, S&P 500 and NASDAQ Composite all posting notable declines. Weakness was concentrated in Industrials, Basic Materials and Technology sectors. A handful of energy and consumer stocks rallied, while volatility and commodity prices moved sharply.
Canada's main equity gauge, the S&P/TSX Composite, closed lower as losses in Materials, Clean Technology and Healthcare pressured the market. Decliners outpaced advancers by a wide margin, while commodities diverged: gold futures fell sharply and crude oil climbed. Volatility measures edged down and the Canadian dollar was largely unchanged aga…
Anthropic released two policy proposals proposing a legal framework for high-capability artificial intelligence systems. The Advanced AI Framework would give governments authority to deter or block risky AI deployments through civil penalties tied to global revenue and would apply to models trained with more than 10²⁵ floating-point operations or d…
A U.S. federal judge in Manhattan dismissed a lawsuit by investors who accused JPMorgan Chase, Barclays and Fifth Third of ignoring major warning signs tied to Tricolor, a subprime auto lender that later filed for liquidation. The suit, brought by holders of more than $270 million in Tricolor asset-backed notes, alleged that the banks enabled and b…
Humacyte Inc disclosed an underwritten public offering of common stock, prompting a roughly 6% decline in its shares during after-hours trading. The company said all shares will be sold by Humacyte and that underwriters have a 30-day option to buy up to an additional 15% of the offering. Proceeds are earmarked for commercialization of Symvess, regu…
Origin Materials announced a voluntary delisting from the Nasdaq Capital Market and plans to deregister with the SEC as part of a previously disclosed Plan of Dissolution. The move prompted a sharp after-hours share decline and sets a timetable for regulatory filings, warrant expiries, and a shareholder vote on the dissolution plan.
