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
Navan raised its full-year revenue and adjusted operating income guidance after reporting a strong first quarter, driven by resilient corporate travel demand and expansion of its enterprise customer base. Gross booking volume surged, hotel and flight bookings tied to the World Cup rose sharply in certain markets, and management pointed to robust on…
Alcoa shares dropped about 9.2% in after-hours trading after management delivered a weaker-than-expected Q2 2026 outlook at the Wells Fargo Industrials and Materials Conference in Chicago. The company cited an estimated $60 million negative impact to Alumina segment adjusted EBITDA driven by production disruptions at the Pinjarra refinery, higher e…
Citigroup analyst Atif Malik reaffirmed Broadcom (AVGO), Texas Instruments (TXN) and Applied Materials (AMAT) as the firm's leading buy-rated names in the U.S. semiconductor complex. Malik characterized the recent dip in the group as healthy and highlighted durable demand in data centers, resilient analog order trends, and bullish revisions for cap…
Shares of DCC rose sharply after a consortium led by KKR and Energy Capital Partners submitted an improved takeover proposal that the company's board said it was 'minded to recommend.' The revised offer values DCC at 6,672.22p per share, comprising 6,525p in cash and a proposed final dividend of 147.22p for the year to March 2026. The Irish Takeove…
The U.S. Office of Personnel Management has chosen Oracle to deliver a cloud-based human resources platform intended to replace disparate systems used across federal agencies. The agency announced the award Wednesday, with OPM director Scott Kupor confirming the decision today. The total contract value was not disclosed.
Alphabet is extending Gemini artificial intelligence capabilities within its Chrome browser to a broader set of international markets. The rollout adds desktop and iOS coverage in newly included regions and brings features that act as an in-browser assistant, integrate with Google apps, and include new image transformation and context-aware functio…
Google introduced enhancements to its Gemini AI app on June 9, 2026, unveiling features that let small business owners link their Google Business Profile with a single tap. Once connected, Gemini can access customer reviews, questions and a range of monthly performance metrics to draft responses and update profile details. The company also rolled o…
DDN plans to pursue an additional financing round before the end of the year aimed at bringing strategic, value-added investors into the company, CEO Alex Bouzari said at the Bloomberg Generative AI Forum. The Chatsworth, California-based firm, which counts Nvidia as a partner and Google and Salesforce as customers, has been profitable for over a d…
Nick Bilton, the new leader of the CBS newsmagazine '60 Minutes,' entered a newsroom in visible disarray and has brought in television production consultant Kelly Funke to assist with his transition. Funke, hired on a short-term contract, is working to reestablish trust and reconfigure newsroom roles amid recent departures and firings that have lef…
RBC Capital Markets upgraded Pfizer to Sector Perform from Underperform and kept a $25 price target after the stock's roughly 11% pullback from 2026 highs brought valuation more in line with expectations. The firm cited the company's strong first-quarter results and a near-7% dividend yield as cushions while pointing to two late-stage pipeline cand…
JPMorgan upgraded Illumina's rating to Overweight from Neutral and lifted its December 2026 price target to $185 from $125, citing survey and industry checks that indicate continued commitment from large clinical customers to Illumina's ecosystem, rising demand for genomic testing, and significant switching costs that favor Illumina's platform.
General Motors is signaling a potential retreat from using lithium-iron phosphate (LFP) batteries in future electric vehicles, according to comments from the automaker's head of battery technology. GM said it will concentrate on lithium manganese-rich (LMR) chemistry, which the company says stores more energy at similar cost to LFP when produced in…
By mid-afternoon in New York on Wednesday, options trading in Serve Robotics totaled 48,811 contracts, led overwhelmingly by call options. The July 17, 2026 $11 call was the most active single strike, and a notable calendar spread tied the July 17 and July 24 $11 calls together in significant volume.
Ares Management’s chief executive told a financial conference that private credit is an essential source of returns for insurance companies aiming to meet policyholder objectives, and that increased regulatory scrutiny will provide useful transparency into private market structures and performance. Data from AM Best is cited showing a more than two…
ERock, a Houston-based gas generator manufacturer, raised $600 million in its U.S. IPO but saw its stock fall 6.5% on its New York Stock Exchange debut after opening below the offer price. The company reported a sharply expanded contracted sales backlog, driven largely by AI data center projects, and noted a major onsite power agreement tied to Met…
Chinese EV manufacturer BYD is pursuing an existing factory in southern Europe as the location for its second European assembly plant, with Spain cited as a potential option. Executive vice president Stella Li said the company favors taking over an operational facility. BYD intends to begin production at its first European plant in Hungary in the f…
Invesco QQQ Trust fell about 1.2% in afternoon trade to $699.71 after peaking near $711.26, pressured by a hotter May CPI print that pushed year-over-year inflation to 4.2%. The CPI reading renewed expectations for higher-for-longer interest rates, amplifying losses in high-multiple technology names, while semiconductor and AI-linked stocks extende…
Stellantis shares plunged after the automaker disclosed a major safety recall affecting over 1.3 million Jeep Wrangler and Gladiator vehicles from 2021-2025, citing an electrical defect that can cause fires even when ignition is off. With at least 72 incidents potentially linked to the issue and no immediate remedy available, owners were urged to p…
Options pricing indicates Jabil Inc. could see an 8.9% price move when it reports earnings on June 17 before the market opens, according to options data compiled by Bloomberg. Historical comparisons show that actual stock movements around prior earnings have sometimes exceeded and other times fallen short of what options implied.
Options market pricing suggests Trip.com Group Ltd. shares could move about 3.6% when the company reports earnings on June 17. The firm has a history of actual post-earnings moves that have both exceeded and come in below options-implied expectations across its most recent eight reports. The precise timing of the June 17 announcement has not been c…
Options market pricing indicates CarMax Inc. (KMX) could see a roughly 12% share-price move when the company reports earnings on June 17 before the market opens, according to options data compiled by Bloomberg. Historical comparisons across the company’s last eight earnings releases show actual moves have surpassed that implied range twice and been…
Fubo's shares climbed 3% after the streaming service reached a distribution agreement with NBCUniversal that restores a slate of Spanish-language networks today and adds English-language channels, regional sports networks and FAST channels over the coming weeks. The arrangement places various NBCUniversal channels across multiple Fubo subscription …
Belgian authorities have authorized Tesla to deploy its Full Self-Driving (FSD) supervised driver assistance software after the transport minister for Flanders signed an approval document. The authorization follows a series of tests carried out in Belgium and, under national rules, regional approvals extend to the entire country. Belgium is the thi…
Trading on Wednesday produced notable moves across market-cap tiers. Several mega-cap technology and industrial names fell, including Tesla and AMD, while a handful of large-, mid- and small-cap stocks rallied sharply on company news ranging from stronger-than-expected results to capital raises and board appointments. The session was marked by stee…
Oppenheimer named Applied Industrial Technologies its top industrial pick, citing the company's positioning to capitalize on improving industrial demand and multiple growth vectors across its Engineered Solutions and Service Center Based Distribution segments. The brokerage highlighted backlog and order trends, expanding datacenter applications, an…
