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
Dick’s Sporting Goods trimmed its 2026 diluted earnings-per-share outlook after integration-related margin pressure tied to its acquisition of Foot Locker weighed on results, even as robust demand for footwear and apparel propelled a large quarterly sales gain. Management reported encouraging early signs at Foot Locker, outlined an aggressive store…
Tencent Financial Technology announced that U.S. PayPal users can now pay merchants across China using WeChat Pay's QR-code network after linking TenPay Global to PayPal World. The company said the service will expand to PayPal customers in other countries in phased rollouts, and it is offering incentives including fee waivers through 2026 while in…
Tencent Financial Technology announced a new cross-border payment connection allowing U.S. PayPal users to pay merchants in China using WeChat Pay's QR-code system. The integration links TenPay Global with PayPal World, will roll out to additional markets in phases, and includes temporary fee waivers through 2026 plus enhanced language and local su…
Citi Research downgraded Vinci SA and Ferrovial NV from Buy to Neutral, cutting target prices on both groups. The broker pointed to constrained upside driven by airport exposure and elevated asset multiples, and adjusted its discounted cash flow assumptions - including WACC and traffic - to arrive at the reduced valuations.
U.S. stock futures rose Wednesday morning, driven by momentum in memory-chip and semiconductor-related names even as geopolitical uncertainty over peace talks in Iran and weaker company guidance pressured several software and mobility stocks. Micron and other chip firms posted strong premarket gains, while Zscaler, Verra Mobility and PDD Holdings w…
Alpha Modus plans to unveil an Adaptive Retail Intelligence Architecture (ARIA) platform that uses Anthropic's Claude Sonnet 4.6 to operationalize the company's patented in-store retail AI technologies. Designed as a platform-as-a-service that requires no new hardware, ARIA is in testing with an eye toward commercialization and will process signals…
South Korea's government assessment finds that parts recovered from the bulk carrier Namu indicate an Iranian anti-ship missile was likely used in the May 4 attack in the Strait of Hormuz. Seoul has summoned Iran's ambassador and lodged a protest; Tehran has denied responsibility and an Iranian diplomatic representative reiterated that denial in Se…
Walmart said it intentionally absorbed roughly $175 million of unexpected fuel costs in its first quarter of fiscal 2027, producing a 250 basis point drag on operating income growth across its global distribution and fulfillment network. Barclays cautioned that if higher costs persist, Walmart may introduce modest additional retail price inflation …
Bath & Body Works reported first-quarter results that outpaced Wall Street expectations, driven by steady consumer demand for home fragrances and personal care items. The company posted $1.38 billion in first-quarter sales and adjusted earnings of $0.32 per share, and said it will continue to pursue broader distribution through Amazon while keeping…
UBS upgraded BioNTech from neutral to buy and boosted its 12-month price target to $135, citing rising conviction in the company’s oncology pipeline and a broader drug class that may form a next-generation treatment backbone for solid tumors. The note raises success probabilities and peak sales estimates for several programs, cites encouraging Phas…
NVIDIA CEO Jensen Huang unveiled the company's Constellation campus in Taipei and said NVIDIA intends to increase its annual spending in Taiwan to as much as $150 billion. The new facility, located in the Beitou-Shilin Technology Park, will span nearly 4 hectares and is planned to accommodate about 4,000 employees. Construction is slated to begin t…
Goldman Sachs warns that inflation across Asia-Pacific has firmed since the conflict-related closure of the Strait of Hormuz pushed energy prices higher. The bank's strategists have significantly revised up near-term oil forecasts, and headline and core consumer inflation now sit at or above central bank targets in most economies, with the sharpest…
German engineering group Schaeffler and U.S. satellite operator Spire Global have signed a memorandum of understanding to collaborate on developing space hardware and satellite platforms for European defence, weather and security uses. The partners say they intend to create a sovereign European space hardware and mission business before the end of …
Stocks exposed to AI infrastructure demand and enterprise analytics powered some of May’s strongest moves, as investors rewarded companies reporting better-than-expected results, stronger guidance, and clearer cash-flow visibility. Key performers included Republic Airways (RJET), Iridium Communications (IRDM), Fair Isaac (FICO), Teradata (TDC) and …
Red Cat Holdings jumped 9.0% in pre-market trading after a confirmed contract to supply Black Widow unmanned aircraft systems to Japan’s Ministry of Defense, combined with recent acquisitions and fresh analyst coverage. The company’s broadened capability stack, strengthened balance sheet and supportive market backdrop have focused investor attentio…
Abu Dhabi’s Mubadala Investment Co. completed a block sale of 22 million GlobalFoundries shares that raised $1.91 billion. The offering was priced between $86.30 and $86.80 per share, represented as up to a 4.1% discount to the prior close, and includes a 60-day restriction on further disposals. After the sale Mubadala’s stake stands at 400 million…
The European Commission said non-European low-earth-orbit providers including SpaceX’s Starlink and Amazon’s satellite unit will be eligible to bid for mobile satellite spectrum next year, but most frequencies will be prioritised for European operators. The 2 GHz band will be split to support government needs and commercial services while advancing…
Capri Holdings said it expects fiscal 2027 profit per share of about $2.15, above the $1.83 analysts' forecast compiled by LSEG, as management leans on a Michael Kors revival and full-price selling to counter slipping demand. The company also recorded a $65 million tariff refund tied to the International Emergency Economic Powers Act and saw its sh…
Unicharm Co shares rose 2.2% to ¥928.3 amid a string of corporate moves and favourable market conditions. The company agreed to buy Brazilian pet food maker Nutrire as a wholly owned unit and joined competitors in raising prices on diapers and sanitary goods. Analyst commentary and a strong Nikkei 225 rally driven by easing U.S. yields and tech mom…
Airbus Defence head Michael Schoellhorn said the Franco-German Future Combat Air System (FCAS) programme is unlikely to fail in its entirety, indicating that at minimum a weapons networking capability and an accompanying drone programme will move forward even as disputes between Airbus and Dassault Aviation threaten the broader fighter development …
Apogee Therapeutics shares climbed about 16% in pre-market trading after the biotech firm announced a $1.3 billion financing collaboration with Blackstone Life Sciences to support development and commercialization of zumilokibart for atopic dermatitis. The package includes up to $800 million in synthetic royalty financing and up to $500 million in …
Goldman Sachs raised its S&P 500 year-end target to 8,000 from 7,600 after a notably strong first-quarter earnings season and higher profit forecasts. The firm increased S&P 500 earnings-per-share projections to $340 for 2026 and $385 for 2027, and estimates that AI infrastructure beneficiaries will contribute roughly half of this year's EPS growth…
India's major equity benchmarks finished mixed-to-lower on Wednesday, with the Nifty 50 edging down 0.03% and the BSE Sensex falling 0.19%. Losses in fast-moving consumer goods, healthcare and banking names offset gains in select industrial and power stocks. Market breadth was positive on the NSE, and volatility as measured by the India VIX eased t…
U.S. small-cap technology shares have rallied sharply this year as investors chase AI-related opportunities beyond the major chip and software names. Record equity inflows are reaching smaller tech companies that investors believe stand to gain from the AI buildout, with some funds reversing years of outflows. While earnings forecasts for select se…
Albert Manifold, who served as BP chairman for roughly seven months, has denied allegations about his behaviour after the company’s board removed him citing "serious concerns" over governance, oversight and conduct. In an emailed statement to CNBC, Manifold said he was dismissed without prior warning or explanation and rejected the characterisation…
