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
Shares of NVIDIA slipped after the company announced a substantial increase in planned Taiwan investment and a new regional headquarters, reviving short-term selling despite recent strong corporate actions. Investor Michael Burry’s public warnings about customer concentration and the company’s declining mainland China revenue have reinforced cautio…
PDD Holdings plunged after reporting first-quarter 2026 results that missed analyst expectations on both adjusted earnings per ADS and revenue. Management emphasized continued investment in the platform ecosystem and supply chain capabilities rather than near-term profitability, while an ongoing merchant support program and regulatory and legal ris…
Taiwan Semiconductor Manufacturing Co. shares jumped to a new 52-week high after Nvidia's CEO said the company plans to raise its annual Taiwan investment to about $150 billion and is breaking ground on a Taipei headquarters due by 2030. Supplementary supply-chain reports that TSMC will lift prices on its 3-nanometer process and high-level visits f…
Momentus Holdings Inc. shares climbed sharply in morning trading after the company confirmed a roughly $25 million at-the-market private placement to existing institutional investors. The capital raise, combined with a strong Q1 service revenue increase, a fully booked next mission and disclosed government contracts, has been cited as the primary d…
MGM Resorts stock climbed sharply after JPMorgan and Truist Securities issued same-day upgrades and raised price targets, citing evidence that Las Vegas Strip fundamentals have bottomed and are set to recover. The move follows encouraging room-rate survey data, a stronger group and event calendar, a Q1 earnings beat, and active share repurchases by…
SoFi Technologies shares climbed following the rollout of SoFiUSD, a U.S. dollar stablecoin now available to the company's nearly 15 million members directly within the SoFi app. The move - presented as the first instance of a U.S. national bank-issued stablecoin accessible on a banking app - forms part of a wider strategy that ties consumer access…
American Airlines said it will keep its full-year profit guidance intact despite a notable uptick in fuel prices, citing improved revenue, stronger premium bookings and a rebound in corporate travel. CEO Robert Isom told investors demand is uneven across income groups but overall bookings and corporate spending are supporting the carrier's outlook.
At its annual meeting in Houston on May 27, Chevron shareholders voted down a proposal to require the company to appoint an independent board chair separate from the CEO. The proposal, brought by the National Legal and Policy Center, drew a recommendation in favor from proxy adviser Glass Lewis but was opposed by Chevron, which said it should retai…
PBF Energy shares declined after the company’s subsidiary priced $500 million of 7.25% senior notes due 2034 in a private offering, a transaction intended to redeem $801.6 million of 6.00% notes due 2028. The higher coupon and the requirement to use cash to close the gap between the proceeds and redemption amount combined with a cautious analyst st…
JPMorgan upgraded MGM Resorts International from Neutral to Overweight, boosting its December 2026 price target to $46 from $41. The firm cites stabilizing Las Vegas room rates, recovering visitor trends and a favorable implied free cash flow yield as the basis for the upgrade, while noting limited downside from potential competitive pressure.
Lululemon stock climbed 4.2% in morning trading after the company and founder Chip Wilson reached a formal cooperation agreement that resolves a protracted proxy dispute. The deal includes board appointments for two of Wilson’s nominees and a cap on his ownership stake, easing a major source of investor uncertainty and refocusing attention on the c…
GlobalFoundries Inc. shares fell sharply in morning trading after Mubadala Investment Co., the company’s largest shareholder, sold 22 million shares in a secondary offering priced between $86.30 and $86.80 each. The block was sold at a discount of up to 4.1% to the prior session’s reference price, reducing Mubadala’s stake from about 78% to roughly…
Thea Energy raised $100 million in an oversubscribed Series B round led by Thomas Tull’s US Innovative Technology Fund, with participation from a broad investor group. The Kearny, New Jersey-based developer of commercial stellarator fusion technology will use the capital to expand magnet manufacturing capacity including a second Northern New Jersey…
At the Bernstein Conference on Wednesday, JPMorgan Chase CEO Jamie Dimon described the bank as "over-earning," kept the firm’s net interest income guidance at $95 billion, and said 2026 expenses may edge toward $106 billion. He outlined a large slate of AI projects, criticized the global systemically important bank surcharge as "quite deliberately"…
Mizuho has adopted a constructive stance on selected U.S. oil and gas equities, arguing that the ongoing Iran crisis and the resulting inventory declines are likely to keep crude prices higher for an extended period and to bolster refining margins. The bank raised its Brent price outlook for 2026 and 2027, flagged valuation dislocations among large…
Artelo Biosciences Inc reported an at-the-market stock offering program of up to $6.53 million and named H.C. Wainwright & Co., LLC as exclusive sales agent, prompting a 20.5% fall in premarket trading. The prospectus supplement outlines the sales agreement, commission terms, prior sales activity and indemnification provisions for the sales agent.
SOLV Energy Inc reported a public offering of 14 million Class A common shares, a transaction that coincided with a roughly 4% premarket decline in the company's stock on Wednesday. The offering splits the shares between affiliates of American Securities LLC and SOLV Energy itself, and both parties intend to grant underwriters 30-day options to buy…
Intercontinental Exchange reported record levels of open interest across its futures and options markets in May, driven by elevated activity in natural gas and power contracts globally and in North America. ICE cited changing LNG trade routes and growing demand from data centres as factors behind heightened participation, while noting participants …
Goldman Sachs says artificial intelligence-driven demand could push European datacenter capacity far higher over the next decade. The UK’s National Grid is preparing for as much as 10 GW of datacenter load by 2031, a level that could raise UK electricity consumption by up to 25%. Across Europe, Goldman projects 60-75 GW of datacenter capacity by 20…
Canada has opened talks to buy Saab AB’s GlobalEye airborne early warning and control aircraft, Prime Minister Mark Carney said at the CANSEC trade show. The procurement is projected to support roughly 3,000 jobs in Canada’s aerospace and defence sector and will see at least one-third of the fleet manufactured domestically over the next 15 years. T…
CSPC Pharmaceutical's shares slid after the company released first-quarter 2026 results showing a revenue decline and a much larger fall in profit attributable to shareholders than many investors expected. Management cited a stronger licensing fee base in Q1 2025 as the primary driver of the year-over-year profit drop. The stock hit its 52-week int…
Dwelly, a UK-based company that acquires property management firms and layers artificial intelligence into their operations, is in discussions to raise about $200 million in a mix of equity and debt, people familiar with the matter told Bloomberg. General Catalyst, which led the startup's prior equity round, is expected to participate in the new fi…
Boston Scientific Corp. shares fell more than 6% on Wednesday after executives reduced the companyull-year organic growth outlook and provided weaker second-quarter guidance during a presentation at Bernstein. Management said it still expects margin improvement and double-digit EPS growth, but cited headwinds in standalone WATCHMAN procedures, Ele…
Jefferies has moved Xiaomi to an Underperform rating after the company reported a weaker-than-expected first quarter, citing a sharp fall in EBIT, narrowing margins, and growing cost pressure across smartphones and electric vehicle operations. The brokerage cut its price target and reduced its EV shipment and valuation assumptions as Xiaomi increas…
Shares of Precision BioSciences Inc (NASDAQ:DTIL) jumped 12.8% in premarket trading following the company's presentation of biopsy and sequencing data from its ELIMINATE-B clinical trial at the European Association for the Study of the Liver Annual Congress 2026. The data show a 1-log reduction in cccDNA-derived transcripts in liver biopsies after …
