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.
30,220 total articles
Impulse Space announced a $500 million Series D round that sets the company's post-money valuation at $4.26 billion. The financing, co-led by 137 Ventures and Banner VC with participation from existing backers, will be directed to expanding the startup's workforce and manufacturing capacity as it advances missions with its Mira vehicle and prepares…
Virgin Galactic's stock fell sharply after the company announced it would use common stock to redeem a portion of its outstanding First Lien Notes. The plan, disclosed in a securities filing, calls for issuing shares in lieu of cash to retire up to $30.5 million of the 9.80% notes due December 31, 2028, a move the company says is part of its capita…
Impulse Space announced a $500 million Series D round co-led by 137 Ventures and BANNER VC, pushing the company’s total capital raised above $1 billion. The proceeds will be used to expand headcount, broaden manufacturing capacity and scale production of spacecraft and propulsion systems that reposition payloads after launch.
BofA Securities downgraded Nubank from "neutral" to "underperform" and trimmed its price objective to $10 from $16 following the announced departure of CFO Guilherme Lago. The move reflects mounting concern about recent C-suite exits, rising execution risks, and reduced earnings visibility as BofA also lowered its valuation multiple and updated med…
Celcuity Inc. (NASDAQ: CELC) saw its shares decline 15% on Tuesday after the company released detailed efficacy and safety data from the PIK3CA mutant cohort of the Phase 3 VIKTORIA-1 trial. Gedatolisib, tested as both a triplet with fulvestrant and palbociclib and as a doublet with fulvestrant, produced sizable reductions in the risk of disease pr…
Micron Technology’s rapid ascent to a $1 trillion market valuation reflects a sharp strategic pivot catalyzed by Nvidia. Long known for running factories on tight budgets and treating memory as a commodity, Micron revisited its technology and spending approach after Nvidia’s leadership warned that memory would become a bottleneck for AI. That shift…
Shake Shack Inc. shares dropped 7% after the company lowered its guidance for second-quarter revenue, same-shack sales, restaurant-level profit margins and full-year adjusted EBITDA and net income for fiscal 2026. Management cited macroeconomic uncertainty and increased competition while maintaining its licensing revenue target and planned restaura…
Impulse Space, a Redondo Beach startup developing orbital transfer vehicles and propulsion systems, said it raised $500 million in a Series D round that values the company at $4.26 billion. Founded by Tom Mueller, a former SpaceX propulsion lead and the company's first employee, Impulse has flown three missions, reported hundreds of millions in cus…
Barclays upgraded price targets for SK Hynix and Samsung’s GDRs, citing accelerating memory demand from AI datacentres and a supply outlook that the bank expects to remain tight through at least the end of 2027. The bank raised SK Hynix’s target to €2,300 and Samsung’s GDR target to $7,300, keeping both names at Overweight after updating its global…
CoreWeave Inc. shares climbed in premarket trading after BNP Paribas began coverage with an outperform rating and a $192 price target. The move followed a sharp one-day gain tied to a broader rally in Nvidia shares after CEO Jensen Huang’s keynote at Computex and GTC Taipei 2026, and came with analyst commentary highlighting CoreWeave’s strategic r…
Meta said it is expanding content controls for teen users across Instagram, Facebook and Messenger worldwide to promote age-appropriate experiences. The company confirmed that 13+ content settings will be the default on teen accounts and that a more restrictive "Limited Content" option will arrive on Facebook and Messenger later this year. Instagra…
At its industry conference, Morgan Stanley reported broad-based improvements in U.S. lodging driven by leisure and group bookings and a recovery in corporate travel. Domestic gaming trends were described as stable to accelerating outside Macau. The firm flagged artificial intelligence as an emerging influence on revenue and distribution strategies,…
At the 42nd Bernstein Strategic Decisions Conference last week, GE Vernova executives outlined a multi-year growth plan centered on backlog execution, services expansion and targeted acquisitions. The company reported a sizeable installed base, a large services backlog, rapid expansion in electrification orders and early integration progress from r…
Baird's upstream inflation tracker for U.S. packaging and materials companies recorded a 30% year-to-date increase through May, the fastest rise since the post-Covid period. The firm reported a month-over-month deceleration in May, which it views as a potential sign that raw material cost pressures are moving toward a plateau following a spike tied…
Philip Morris on June 2 cut its annual profit forecast, citing margin pressure from elevated energy costs linked to the Iran conflict, currency fluctuations and softer consumer spending. CEO Jacek Olczak described recent U.S. FDA relaxation on enforcement for unauthorized vaping and nicotine pouches as a "net positive" for Zyn, and the company intr…
Tesla reported a 39.4% year-on-year increase in China-made deliveries for May, driven by shipments of Model 3 and Model Y vehicles from its Shanghai factory. The plant delivered 85,982 units in May, a figure that includes exports to Europe and other regions, and represents an 8.2% gain from April.
Steve Brice, global chief investment officer of wealth solutions at Standard Chartered, warned that initial public offerings from Anthropic, OpenAI and SpaceX are likely to weigh on markets in the near term. Speaking on CNBC's Access Middle East, he noted digestion challenges for such large listings, the potential for weakness over the summer, and …
Several Chinese automotive groups are broadening their operations across Europe, leveraging competitive pricing and EV technology to increase market share. Their moves - which include distribution deals, joint ventures, acquisition talks for underutilised plants and planned local production - coincide with rising trade tensions over EU tariffs on C…
Citi analysts report that bullish positioning in U.S. large-cap stocks has continued to build, led by fresh long flows into both the S&P 500 and Nasdaq. Nasdaq positioning is now described as extended bullish, raising the chance of profit-taking if a negative catalyst appears. Europe shows improving flows but still carries a moderately bearish aggr…
Nu Holdings shares fell sharply in pre-market trading after the company announced a change at the CFO position and BofA Securities downgraded the stock. The move follows a modest earnings miss despite record revenue and rising net income, while the timing of the leadership change and ongoing credit and expansion challenges drew investor concern.
Lenta Group has completed a 100% acquisition of RFB-Retail LLC, owner of the O'KEY hypermarket chain, in a transaction that transfers the target's debt obligations to Lenta in lieu of cash. The deal, cleared by the Federal Antimonopoly Service, brings 75 hypermarkets and four leased distribution centers under Lenta's control, with integration and r…
BofA Securities reports a marked slowdown in European apparel retail growth in April, led by a deterioration in Germany. The bank ranks H&M as the retailer with the largest downside risk to earnings and highlights persistent cost inflation in raw materials and freight. Zalando and Next receive differentiated analyst treatment amid the softer demand…
Alphabet shares moved lower in pre-market trading after the company disclosed an $80 billion equity financing package to support a large-scale AI infrastructure program, including a $10 billion private placement to Berkshire Hathaway. The plan, which features a $40 billion at-the-market (ATM) component, raises concerns about near-term dilution even…
Members who received the monthly ProPicks strategy list for June — available for under $9 a month — saw an early win after Marvell Technology surged more than 27% in premarket trading following an earnings beat and an upgraded revenue outlook tied to accelerating demand in data centers and custom AI silicon. The move follows a string of large May w…
A Virginia man has filed a federal class-action lawsuit in Seattle alleging that Amazon’s Ring doorbell cameras used an optional facial recognition feature to collect and retain images of his face and those of other passersby without their consent. The suit seeks at least $5 million in damages for the class and follows a string of prior privacy con…
