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.
30,218 total articles
Senior executives from major Indian automakers and component makers told investors at Morgan Stanley’s India Investment Forum 2026 that the sector remains on a steady expansion trajectory. Management commentary emphasized strong domestic demand, rising export opportunities, accelerating electric vehicle uptake and growing defense-related businesses…
Generalist AI completed a $400 million financing that places the robotics startup at a $2 billion valuation including the new funding. Led by Radical Ventures and joined by a mix of venture firms, corporate backers and tech executives, the round will be used to build more sophisticated AI models to broaden the set of physical tasks robots can perfo…
Barclays maintains a bleak view on European carmakers overall, citing a mix of structural and cyclical pressures. The bank singles out Ferrari as its preferred way to avoid many of those pressures, while warning of a specific downside scenario that could see Ferrari lag. Geopolitical risks tied to the Iran conflict and oil prices are influencing ne…
Geoffrey Kendrick, Standard Chartered's global head of digital assets research, reaffirmed a call for bitcoin to reach $100,000 by year-end even after a volatile week that saw the largest crypto token fall sharply and MicroStrategy disclose a partial sale of its holdings. Kendrick pointed to resilient long-term demand, warned of heightened selling …
Schneider Electric SE has launched an offering of €800 million in convertible bonds due 2034, with proceeds earmarked largely to repurchase outstanding paper maturing in 2030 and the remainder for general corporate purposes. The move comes as the company's shares hit record highs amid expansion of its energy and cooling services for data centers.
Upland Software announced a 1-for-10 reverse stock split that will take effect June 17, a corporate action aimed at ensuring compliance with Nasdaq's minimum bid price standard. The move, approved by shareholders at the annual meeting, reduces outstanding shares from roughly 29.4 million to about 2.9 million and prompted a 5.5% decline in pre-marke…
Rumble Inc. announced a $270 million, multi-year cloud services contract on June 3, 2026, with a third-party customer to buy dedicated GPU cloud capacity running on NVIDIA Blackwell B300 systems. The deal, disclosed in a Form 8-K, is the company’s largest customer commitment to date and includes provisions that could increase value and duration bas…
A series of sizable insider transactions disclosed in early June show concentrated buying by directors and affiliated funds in TXO Partners, CECO Environmental, Comstock Inc. and Robinhood Markets, while large stakeholder entities associated with Silver Lake and American Securities executed multi-hundred-million-dollar disposals in Dell Technologie…
Macquarie has downgraded Broadcom from Outperform to Neutral and trimmed its 12-month price target by 15% to $437, citing risks that Google is lessening dependence on Broadcom for AI ASICs by partnering with MediaTek and accelerating internal chip development. The research house raised near-term profit forecasts but lowered 2028 estimates, and proj…
Ramp, the corporate card and expense-management platform founded in 2019, has closed a $750 million funding round valuing the company at $44 billion, up from $32 billion in November. The round was led by ICONIQ, GIC and the Ontario Teachers’ Pension Plan, and included participation from a number of large institutional investors. The company reports…
Xos Inc. stock plunged in premarket trading after the company disclosed a registered direct offering that will issue 1,090,910 shares at $5.50 apiece, raising roughly $6 million. The Los Angeles-based electric commercial vehicle manufacturer said net proceeds will support its expansion into grid-independent power markets for AI data centers and ind…
Raizen Energia, a unit of Brazilian sugar and ethanol producer Raizen, has agreed to sell its downstream operations in Argentina to Mercuria Energy Group for $1.42 billion. The purchase price includes a cash payment at closing subject to standard adjustments such as working capital and net debt changes, and Mercuria will assume the debt of Raizen A…
Mobix Labs announced a binding letter of intent to acquire Vision Aerial, a Montana manufacturer of U.S.-built drones, prompting a 32.7% jump in premarket trading. The move would bring drone manufacturing capabilities into Mobix Labs' portfolio, with Vision Aerial's founders expected to stay and production remaining in the United States. The transa…
Hadron Energy Inc. saw its shares increase in premarket trade after the U.S. Nuclear Regulatory Commission accepted Revision 3 of the company’s Quality Assurance Program Description for reference in future licensing applications under 10 CFR Part 52. The NRC found the program compliant with applicable regulations and industry standards, allowing Ha…
The European Commission has informed Spain that it breached EU rules by failing to implement the new capital requirements directive and by adopting domestic measures inconsistent with EU banking supervision frameworks, opening a formal infringement procedure and giving Madrid two months to respond. The move follows the Commission's earlier challeng…
Shares of several Asia-exposed banks and insurers fell sharply on Thursday after reports that some Hong Kong banks have begun suspending the opening of investment and savings accounts for mainland Chinese clients destined for overseas investments. The market reaction extended beyond lenders to insurers that rely on mainland visitors purchasing poli…
Saudi Arabia's main equity gauge closed lower Thursday, with losses concentrated in Building & Construction, Petrochemicals and Telecoms & IT sectors. The Tadawul All Share fell 0.11% amid mixed stock performances that included strong single-session gains for several mid-cap names and steep declines for a handful of large-cap firms. Crude benchmark…
Imunon Inc. (NASDAQ:IMNN) said it has closed a $10 million financing arrangement composed of preferred stock and secured promissory notes to fund patient enrollment in its Phase 3 OVATION 3 trial evaluating IMNN-001 for newly diagnosed advanced ovarian cancer. Shares rose 3.3% in premarket trading following the announcement.
Amneal Pharmaceuticals saw premarket shares rise after the FDA approved its ready-to-use romidepsin injection solution, a product eligible for Competitive Generic Therapy designation that carries 180 days of market exclusivity. The formulation provides an alternative to the lyophilized powder requiring reconstitution and references a prior marketed…
KIDZ AI Inc. said it will implement a 1-for-10 reverse stock split effective June 8, 2026, to comply with Nasdaq minimum bid price rules. The announcement preceded a 29.3% decline in pre-market trading. The company will reduce both authorized and outstanding Class A and Class B shares, and adjust equity incentives, warrants and convertible securiti…
High Roller Technologies announced the launch of its ROLR brand and a free-to-trade, eight-week prediction challenge that offers weekly cash rewards and qualifiers an opportunity at a $25 million grand prize. The stock rose 13% on the news. The contest features guaranteed cash prizes exceeding $100,000 across the competition and is open to eligible…
Nu Holdings Ltd. said its Board authorized a share repurchase program of up to $1 billion to be carried out over a 12-month period starting June 4, 2026. The Brazilian digital bank noted the program reflects its capital allocation strategy as operations produce significant capital; it also stated that investments across Brazil, Mexico, Colombia and…
Ukraine has designated the Swedish-built Gripen fighter as a central element of its air force, allocating part of an EU loan to buy new jets and accepting donated older models from Sweden. The move could put the Gripen into combat against Russian forces within a year, offering the aircraft its first sustained test in high-intensity warfare. The pla…
Kopin Corporation shares slipped about 6.0% in pre-market trade to $5.82 after reaching a 52-week high of $6.61 in the previous session. Traders appear to be taking profits following a roughly 23% rally over the prior two weeks. The decline coincides with an SEC filing that registers the potential resale of about 15.8 million shares and a broadly w…
Blackstone Private Credit Fund (BCRED) said in a June 4 letter to investors that it will restrict shareholder repurchases to 5% of outstanding shares for the second quarter of 2026. Redemption requests totaled about 10% of shares outstanding for the quarter, twice the fund's standard repurchase cap, and will be fulfilled pro rata at the 5% level. T…
