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
Quantinuum raised $1.68 billion by selling 28 million shares at $60 each in a U.S. initial public offering, reflecting strong investor interest in quantum computing. The company, formed through the 2021 merger of Honeywell's quantum unit and Cambridge Quantum, will begin trading on the Nasdaq under the ticker QNT. J.P. Morgan and Morgan Stanley act…
SpaceX announced an IPO price of $135 per share for 555.5 million shares in an amended filing, a week before its planned market debut. The move, which departs from the usual post-roadshow pricing convention, would raise about $75 billion and value the company at roughly $1.75 trillion, putting it among the 10 most valuable publicly traded U.S. comp…
Verastem Oncology's stock climbed in after-hours trading after the FDA awarded Fast Track Designation to VS-7375 for treatment of KRAS G12D-mutated non-small cell lung cancer in adults who progressed following platinum-based chemotherapy and anti-PD-(L)1 therapy. The designation reinforces an ongoing clinical program with early and more mature data…
Quantinuum, the quantum computing company born from a 2021 merger, raised $1.68 billion in its U.S. initial public offering by pricing shares at $60 each and selling 28 million shares. The listing underscores rising investor interest in quantum technology even as the sector confronts high development costs, technical hurdles and an unclear timeline…
SpaceX has filed to sell 555,555,555 shares in its initial public offering with an intended price of $135 per share and plans to list on Nasdaq under the ticker SPCX. Under the assumed offering size and price, Elon Musk would retain roughly 82.4% of voting power in the company (about 82.3% if underwriters buy additional Class A shares), with approx…
Space Exploration Technologies Corp. has submitted an initial public offering registration for 555,555,555 shares of Class A common stock at an expected price of $135.00 per share. The Texas-based company has applied to list its Class A shares on both The Nasdaq Stock Market and Nasdaq Texas under the ticker symbol SPCX. The filing preserves a dual…
SpaceX has set a public price of $135 per share for its initial public offering, a disclosure made roughly one week before pricing and trading. The company aims to raise $75 billion in the offering, which would value it at $1.75 trillion and place it among the 10 most valuable U.S.-listed companies. The move departs from standard Wall Street practi…
Several major U.S.-listed technology and retail names moved sharply in after-hours trading following quarterly reports and forward guidance. Broadcom declined despite beating quarterly profit and revenue estimates and delivering higher-than-expected next-quarter revenue guidance. CrowdStrike and Five Below slid after their results, while C3.ai and …
U.S. stock indexes closed lower on Wednesday as losses concentrated in the Telecoms, Technology and Financials sectors pushed markets down. The Dow fell 1.21%, the S&P 500 lost 0.73% and the Nasdaq Composite slipped 0.89%. A mix of large-cap gains and steep declines among individual names produced wide market breadth deterioration, while volatility…
Toronto stocks declined at Wednesday's close, with the S&P/TSX Composite falling 1.05%. Losses in the IT, Materials and Clean Technology sectors were the primary drags, while selected oil and resource names posted the session's largest gains and several miners and lithium plays registered steep drops. Market volatility ticked higher and commodity p…
Brazil's benchmark equity index closed lower on Wednesday, slipping to a fresh three-month low as losses concentrated in the Real Estate, Consumption and Financials sectors weighed on the market. Breadth was negative, with more than twice as many decliners as advancers, and several companies hit multi-year lows even as a handful of stocks posted no…
Broadcom projected third-quarter revenue above Wall Street expectations, attributing the outlook to strong demand for its custom AI processors and networking products. The company reported second-quarter revenue of $22.19 billion and an adjusted profit of $2.44 per share, while shares fell more than 2% in extended trading after a recent run-up.
Cuba's central bank announced that, effective June 6, the island will stop accepting Visa and Mastercard card payments after a foreign partner that had handled processing limited operations following a U.S. executive order on May 1 expanding sanctions. The move follows a recent wave of foreign firms pulling back from Cuba and is described by Havana…
Oklahoma Attorney General Gentner Drummond has filed a 12-page lawsuit aiming to prevent Emirates Global Aluminum and Century Aluminum from constructing a $4 billion primary aluminum smelter in Inola, about 30 miles east of Tulsa. The complaint cites potential air and water pollution and objections to the project’s foreign ownership structure; the …
Bank of America said it will bring on roughly 4,000 early-career employees this summer, splitting the hiring evenly between full-time campus recruits and interns. The announcement comes as senior banking executives express concern about artificial intelligence automating complex, data-intensive work traditionally performed by junior staff. BofA rea…
Oklahoma’s attorney general filed suit to halt construction of a proposed $4 billion aluminum smelter backed by Emirates Global Aluminum and Century Aluminum, citing links to the United Arab Emirates and possible damage to the state’s cattle sector. The plant, designed to produce 750,000 metric tons annually, would be the first new U.S. smelter sin…
New York legislators face a last-minute choice this week on a bill that would modify state champerty rules and reduce interest on certain judgments against foreign sovereign borrowers. The measure, called the Champerty Fix Act, has passed the state Senate and now awaits action in the Assembly before lawmakers adjourn, leaving its fate uncertain. Ba…
Grimes County officials approved tax incentives on Wednesday for SpaceX's proposed Terafab semiconductor facility despite strong local opposition. The project is a cornerstone of SpaceX's push into advanced computing and domestic chip production as the company prepares a record-setting IPO. Residents at a heated public hearing raised concerns about…
A federal rules committee approved circulating proposed amendments that would strengthen privacy protections in civil, criminal and bankruptcy court filings by requiring redaction of sensitive personally identifying information and allowing minors to use pseudonyms in public records. The U.S. Judicial Conference’s Committee on Rules of Practice and…
Bernstein has trimmed ratings for several large U.S. packaged-food companies, arguing that accelerating use of GLP-1 weight-loss drugs, rising regulatory scrutiny, retailer demands to reformulate, and weak consumer sentiment will weigh on demand, margins and profit recovery across the sector for years.
Tyson Foods stock declined after reports that samples taken from two calves on a Texas ranch have been forwarded to a federal laboratory in Iowa to be tested for New World screwworm. The infestation remains unconfirmed; photos of wounds and larvae have circulated but could not be independently verified. Traders said the suspected case weighed on ca…
Baird has named six restaurant stocks as its top picks across multiple segments - from drive-through coffee operators to fast-casual Mediterranean chains and established sit-down concepts. Each selection carries distinct operational risks, including growth execution, competition, input costs and geographic concentration. Baird's list pairs recent c…
Uber has committed nearly $500 million to self-driving startup Nuro through an initial and a larger follow-on investment, alongside milestone-based funding tied to driverless testing, passenger trials and service ramp-up. The backing is part of a three-way plan with Lucid to deploy 35,000 robotaxis using Lucid Gravity SUVs, Nuro’s autonomous techno…
British Labour lawmaker Jess Asato has initiated legal proceedings against Elon Musk's xAI, asserting that the firm's Grok AI produced sexualized deepfake images of her and other women and children. The complaint contends the output was not accidental misuse but a product of design choices. xAI and its Grok platform are under regulatory investigati…
British lawmaker Jess Asato has filed a claim in the High Court in England against Elon Musk’s xAI, saying the Grok AI model was used to create fake sexualised images and a video depicting an assault against her. The case seeks damages, a formal finding that the conduct was illegal and an order forcing xAI to stop unlawful activity. The action arri…
