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
Prosus shares climbed sharply after the European Commission granted the company a waiver that extends the deadline, previously set for August, by which it had to reduce its stake in Delivery Hero to a single-digit level. The duration of the extension was not disclosed. The waiver, combined with Prosus's outreach to other Delivery Hero shareholders …
OS Therapies is set to report that its lead immunotherapy candidate, OST-HER2, produced a statistically significant overall survival benefit at 2.5 years in patients with fully resected pulmonary metastatic osteosarcoma. Treated patients recorded a 75% survival rate at 2.5 years, with no additional deaths reported since the two-year readout. The co…
Intuit shares slipped 4.2% in pre-market trading after Goldman Sachs downgraded the stock from Neutral to Sell and set a $276 price target, implying about 23% downside. Goldman’s analysts cited rising competition in tax preparation and doubts about Intuit’s ability to meet long-term goals for TurboTax, Global Business Solutions, and Credit Karma. T…
Oracle stock declined in pre-market trading amid renewed investor concern about escalating capital expenditures across major cloud providers. Alphabet’s announcement that it will sell up to $80 billion in stock - including a $10 billion stake from Berkshire Hathaway - to finance expanded AI compute capacity has sharpened focus on how much capital h…
Broadcom Inc. rallied sharply in pre-market trading, climbing 6.3% to $488.86 as investors positioned ahead of the company’s fiscal Q2 2026 results and analysts raised expectations. A high-profile capital plan from a major customer, robust AI revenue forecasts, new product announcements and strengthened hyperscaler partnerships combined to push one…
Oracle shares fell in premarket trading as markets reacted to Alphabet’s announcement of an $80 billion stock sale, which the search giant says will bankroll investments in AI compute infrastructure. The move follows Alphabet’s earlier update to a potential full-year capital expenditure range of up to $190 billion, and it reversed Oracle’s prior se…
Prosus shares jumped more than 10% after reports that the European Commission granted the company extra time to reduce its stake in Delivery Hero to a single-digit percentage beyond the original August deadline. The waiver - whose exact duration was not disclosed - may allow Prosus to temporarily adjust its holding around the time a potential Uber …
U.S. stock futures pulled back modestly on Tuesday following a run of record closes, even as Hewlett Packard Enterprise posted results that sent its shares sharply higher and Alphabet announced plans for a large equity raise to bankroll AI infrastructure. Momentum from strong corporate results and enthusiasm around artificial intelligence has kept …
STMicroelectronics will decide by the end of the year whether to add capacity at its Crolles fabrication site, the company's chief executive said. Management indicated that expansion is the most probable path forward and that the current facility has sufficient infrastructure to support its silicon photonics operations through 2026, 2027 and into e…
Aluminium Bahrain (Alba) has reached an agreement to acquire Aluminium Dunkerque for roughly $2.2 billion, securing full ownership of the European Union's largest aluminium smelter. The Dunkirk facility produces about 300,000 metric tons of aluminium each year. French state-backed investor Bpifrance will take a 6% stake for €100 million and a board…
Morgan Stanley has moved Austrian steel producer Voestalpine AG from an "overweight" to an "equal-weight" rating and trimmed its base price target to €48 from €49. The bank says the stock's rerating has left the risk-reward profile more balanced, with valuation near through-cycle levels and limited scope for further multiple expansion absent strong…
Broadcom shares jumped in premarket trade after Alphabet unveiled an $80 billion equity-raising plan to accelerate its AI infrastructure buildout, including a $10 billion private placement to Berkshire Hathaway. The fundraise and Alphabet’s reported strong demand for AI solutions have supported optimism for chipmakers that supply critical AI hardwa…
Abivax SA shares tumbled after the company disclosed late Monday that its Phase 3 ABTECT maintenance trial for obefazimod met efficacy endpoints and achieved remission rates near 40% for both doses tested, but the data also recorded cancer cases among patients on the higher dose. Although investigators judged those cases "unrelated to treatment" an…
STMicroelectronics shares climbed nearly 10% after the company raised its 2026 data center revenue ambition to about $1 billion from a previous projection of "nicely above $500 million." Management also flagged the potential for a further doubling of data center revenue in 2027 versus earlier guidance. The move, supported by recent AI-related partn…
Philip Morris International cut its 2026 adjusted earnings-per-share guidance and warned of a roughly $500 million non-cash impairment tied to RBH, prompting about a 1% decline in premarket trading on Tuesday. The company also revised reported and quarterly EPS ranges to account for currency impacts and the impairment, while noting an expected adju…
Following a historic May rally, a quantitative AI portfolio rebalance realized more than 40% gains on two leading tech positions and redeployed capital into select infrastructure and deep-value semiconductor names. The exits reflected technical and valuation concerns rather than a repudiation of company fundamentals; the new additions emphasize div…
Morgan Stanley upgraded Salzgitter AG to "overweight" from "equal-weight" and increased its price target to €70.80 from €45.50, citing an improved earnings trajectory driven by higher European steel prices, easing balance sheet pressure after peak SALCOS spending, and potential additional upside from the company's 30% stake in Aurubis and the plann…
Marvell Technology's stock leapt more than 22% in premarket trading after Nvidia CEO Jensen Huang called the company the next "trillion-dollar company." The move came as Marvell outlined a plan for its custom chip business to exceed $10 billion by fiscal 2029 and raised its 2028 revenue guidance to about $16.5 billion, citing growing AI adoption an…
Jefferies has raised its price target for Prysmian to €176 from €117 and kept a buy rating, pointing to robust demand for optical fibre driven by AI-related data centre expansion and stronger earnings projections through 2030. The broker increased near-term EBITDA and EPS estimates, introduced 2030 forecasts, and highlighted supply constraints and …
Barry Callebaut's chief executive told reporters on a Tuesday call that the company's volume forecasts for the coming year already account for El Nino conditions. Management does not expect cocoa prices to climb back to the highs seen over the past two years. While demand in parts of the Middle East has eased recently, the CEO said this had not mat…
Indonesia's IDX Composite rose 1.02% at Tuesday's close, powered by advances in Infrastructure, Agriculture and Basic Industry sectors. While several small-cap names posted double-digit gains, declines outnumbered advances and Pacific Strategic Financial hit a three-year low. Commodity and FX moves included weaker crude and firmer USD/IDR.
Hewlett Packard Enterprise shares surged about 29% in early trading after the company pulled its long-term financial goals forward by two years, lifted revenue and networking growth forecasts for fiscal 2026, and cited stronger demand for AI infrastructure from large enterprises and hyperscalers. Competitors including Dell Technologies and Super Mi…
Estée Lauder ended acquisition talks with Puig because parties could not agree on a valuation, the company CEO said. While the merger discussions collapsed amid disagreements and external pressures, Estée Lauder continues to consider acquisitions that meet its financial targets even as it moves forward with a global cost-reduction program.
Serica Energy's stock rose after the company unveiled a dividend policy tied to post-tax cash flow and published production targets stretching into the next decade. Management expects meaningful post-tax cash flow in 2026, reported near-50,000 boe/d second-quarter production and showed a marked reduction in net debt.
Elementis plc reported a completed sale of its pharmaceutical manufacturing business to Associated British Foods for an enterprise value of €34.3m (c.$39.8m). Net cash proceeds after transaction costs are about €30m (c.$35m). The specialty chemicals group said it will return the full $35m to shareholders through a share buyback programme and that t…
