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
Futures tied to Canada’s primary equity gauge were essentially flat Thursday as traders continued to track a spate of developments in the Middle East and awaited an important U.S. jobs reading later in the week. The S&P/TSX composite retreated from a recent record high after renewed exchanges of strikes, while technology and commodity moves reflect…
Innio, the Munich-based maker of gas engines and distributed power systems, raised $2.43 billion in an upsized initial public offering and is due to begin trading in the U.S. later on Thursday. Backing from investors attracted to companies supplying the physical infrastructure for AI - particularly data-center power equipment - helped drive demand.…
HSBC is maintaining an aggressive allocation to risk assets but has been answering repeated client questions on what might trigger a shift to a bearish stance. Chief Multi-Asset Strategist Max Kettner says common concerns such as near-term U.S. earnings, geopolitics and front-end interest-rate moves rank low, while two higher-priority risks - broad…
RBC Capital Markets has started coverage of Sylvania Platinum Ltd with an "outperform" rating and a 175 pence price target, implying roughly 106% upside from the current share price of 92 pence. The broker points to a robust free cash flow profile, a sum-of-the-parts adjusted NAV of $563 million (167p per share), and a key Thaba joint venture as pr…
Nasdaq futures fell sharply in early trading after Broadcom reported second-quarter revenue that surged on AI chip demand but issued guidance that failed to meet some investors' expectations. S&P 500 and Dow futures held near the flatline as market participants weighed geopolitical tensions in the Middle East. Several cryptocurrency- and blockchain…
Futu, the Hong Kong-based online brokerage, said it will prevent Chinese mainland investors from opening new positions, adding to existing positions, and transferring funds into accounts beginning June 12. The announcement follows regulatory action from mainland authorities targeting cross-border securities services offered without local approval. …
Coca-Cola's finance chief said the company is adapting packaging and pricing to keep products affordable amid uneven demand across income groups, and warned the unclear outlook in the Middle East will remain a boardroom topic into 2027. Management said it is managing disruption from the U.S.-Israeli war on Iran without fear, while noting some consu…
Coca-Cola is adjusting product formats and price tiers to keep drinks accessible as consumer spending patterns diverge by income level, CFO John Murphy said at the Deutsche Bank consumer conference in Paris. The company, which raised its annual profit outlook in April, is managing disruption tied to the U.S.-Israeli war on Iran and sees the geopoli…
Vlad Yatsenko, Revolut's co-founder and current chief technology officer, will step down from his executive role in July and transition to a non-executive director position on the company's board. Donato Lucia, presently Revolut's head of technology, will assume leadership of the technology function under the new title of vice president of technolo…
During a joint press appearance in Stockholm, Sweden's Defence Minister Pal Jonson said Brazil has indicated interest in possibly purchasing an additional 20 Gripen E and F fighters from Saab. The planes would be manufactured in Brazil under the Embraer-Saab production arrangement that began in 2023. Brazil originally agreed to buy 36 Gripens in 20…
Jade Biosciences shares plunged in pre-market trading after the company priced a sizeable secondary offering well below the prior session close. The planned sale of 10 million shares at $15.00, with a 30-day option for underwriters to buy an additional 1.5 million shares, created dilution concerns and anchored near-term price expectations, while a …
Goldman Sachs upgraded Wartsila from Sell to Neutral and raised its 12-month price target to €34 from €26.30 after boosting adjusted EBIT estimates for 2026-2029 by 12-18%. The change follows the company’s announcements of substantial capacity investments that together increase technical production capacity by 65% above 2025 levels and a management…
ITV's chief executive, Carolyn McCall, said the broadcaster remains in active discussions with Comcast's Sky about a potential sale of its media and entertainment arm. McCall declined to provide further specifics at the Enders TMT Leaders Live conference, citing ITV's obligations as a publicly traded company. The proposed transaction, first announc…
SAP stock jumped in pre-market trading after the vendor used its Sapphire 2026 conference to outline a sweeping AI strategy called the "Autonomous Enterprise," backed by an immediate rollout of assistant and agent capabilities, a €100 million partner AI fund, an intended acquisition of Dremio, and a substantial commitment to Prior Labs. The moves, …
Solidion Technology Inc. (NASDAQ:STI) saw its shares climb 200% on Thursday after revealing a patented Generation Extreme-Climate Battery (Gen-ECB) platform designed to function across a wide temperature range for space applications. The company highlighted graphene-based thermal and radiation protections, demonstrated cycle life at cold temperatur…
Bank of America upgraded UnitedHealth Group to Buy from Neutral and lifted its price target to $450 from $420, citing improving medical-cost trends and near-term utilization data that set up a favorable second-quarter earnings backdrop. Analyst Kevin Fischbeck says BofA's revised estimates place the new target at 21.4x 2027 figures and that the fir…
BofA Securities upgraded Epiroc AB to Buy from Underperform and FLSmidth to Buy from Neutral, citing a wave of copper project final investment decisions (FIDs) over the next four years. The bank sees material upside to upstream original equipment orders in 2026-2027 and raised price targets for both Epiroc and FLSmidth, while reiterating its Buy on…
Shares of 3D Systems Corp tumbled more than 14% in premarket trading after the company priced a $50 million follow-on offering. The Rock Hill, South Carolina-based 3D printer maker sold roughly 16.4 million shares at $3.05 apiece, an increase from an initially planned $40 million and a 15.5% discount to the prior close. The company said net proceed…
Wolfe Research says momentum-style stocks are likely to keep driving market gains so long as semiconductors remain in a leadership position and market breadth does not broaden. Momentum has been the top-performing investment factor year-to-date, outpacing 3-month earnings-per-share revisions and liquidity, and the firm cautions that the current lea…
Quantinuum, formed from the merger of Honeywell's quantum hardware operations and Cambridge Quantum's software business, is slated to begin trading in the United States after completing an upsized initial public offering that raised $1.68 billion. Investor enthusiasm has been strengthened by a recent U.S. government initiative to take equity positi…
Universal Music Group has repurchased part of the stake sold by Bill Ackman's Pershing Square following the investor's unsuccessful takeover attempt. The buyback covered more than 14 million ordinary shares for roughly €250 million at €17.66 each. Pershing had been attempting to offload about 80.6 million UMG shares in an overnight placing after th…
RTX climbed in pre-market trading after Raytheon secured a $515 million U.S. Navy contract for SPY-6 radar systems and Jefferies upgraded the stock to Buy with a higher price target. The contract supports production ramp-up plans and the analyst upgrade raised near-term EPS forecasts and valuation assumptions, helping the stock outperform a retreat…
BofA Securities and Barclays both raised price targets for ASML on June 4, pointing to stronger demand visibility into 2028 and mounting evidence that the Dutch lithography specialist can boost extreme ultraviolet (EUV) capacity despite present constraints. The upgrades reflect higher unit forecasts, revised financial models and supplier hiring sig…
Bitcoin tumbled to its lowest level in almost four months, pressured by geopolitical anxiety, sizeable institutional redemptions from U.S. spot Bitcoin ETFs and a corporate seller’s first disposal of Bitcoin in years. The cryptocurrency’s decline pulled down shares of crypto-related firms, from exchangers to miners, as investors rotated capital int…
Parabilis Medicines has submitted an S-1 to pursue a U.S. initial public offering of up to $475 million, proposing 25 million shares at $17 to $19 apiece and a Nasdaq listing under the symbol PBLS. Regeneron Pharmaceuticals has agreed to buy about $75 million of common stock via a concurrent private placement. The company outlined planned use of pr…
