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
Ferrari will unveil its first fully electric model, the four-door Luce, in Rome, positioning the car as a statement of intent rather than a mass-volume product. Priced above €500,000 and capable of 310 kph, the Luce incorporates bespoke design work from LoveFrom and a tailored sound system to preserve Ferrari’s sensory identity, even as demand for …
Kepler Cheuvreux upgraded GSK plc from Hold to Buy and increased its 12-month price target to 2,516p from 1,500p, a 67.7% rise. The brokerage said the market’s sector discount no longer mirrors GSK’s long-term revenue prospects. The note arrived alongside reductions to adjusted EPS forecasts for 2026 and 2027 and contrasted GSK’s valuation with pee…
Jonathan Andic, vice chairman and co-owner of Spanish fashion retailer Mango, has announced a temporary leave from his corporate duties while authorities investigate the 2024 death of his father, company founder Isak Andic. Andic said the time required to manage his legal defense prevents him from fulfilling his responsibilities at the company. He …
Micron Technology shares climbed in premarket trading after UBS lifted its price target to $1,625 from $535, pointing to industry-wide long-term supply agreements that the bank says will alter Micron's earnings profile. UBS raised multi-year EPS forecasts and projected substantial free cash flow, while Mizuho reiterated an Outperform rating and an …
Fenwick & West, a prominent U.S. law firm that advised FTX before the platform's 2022 collapse, has agreed to pay $54 million to settle claims brought by FTX customers who accused the firm of enabling fraudulent conduct. The preliminary settlement, filed in federal court in Miami, awaits judicial approval and represents part of a second wave of agr…
Indian stocks closed lower on Tuesday, with the Nifty 50 down 0.49% and the BSE Sensex 30 retreating 0.63%. Losses in Consumer Durables, Fast Moving Consumer Goods and Healthcare sectors contributed to the decline. Adani Enterprises led gains after hitting a 52-week high, while several blue-chips including Apollo Hospitals, Wipro and Bharti Airtel …
BofA Securities upgraded Julius Baer Gruppe AG from neutral to buy after the Swiss private bank’s shares fell about 7% following a four-month interim management statement. The bank’s share price was CHF63.38 at the time of the note and BofA set a CHF70 price objective, highlighting improving operating leverage, a net new-money recovery and material…
Tel Aviv-based cybersecurity firm Gambit Security reported that hackers tied to Iran carried out a March intrusion at the Los Angeles County Metropolitan Transportation Authority (LACMTA), exfiltrating at least 700 gigabytes of data. Gambit said it discovered the misappropriated files after they were inadvertently exposed online and that forensic t…
The U.S. Food and Drug Administration has moved to relax enforcement against unauthorized vaping products and nicotine pouches, allowing manufacturers whose applications meet certain standards to remain on the market while reviews proceed. Current and former Trump administration officials say the change could clear the way for hundreds more product…
A Swiss federal criminal court on Tuesday dismissed criminal charges and a 100,000 Swiss franc fine against Lara Warner, Credit Suisse’s former head of compliance, ruling that the seven-year statute of limitations for her alleged reporting failures expired in early 2024. Warner had been accused of failing to file a suspicious activity report relate…
Federal banking regulators under the Trump administration have undertaken a broad recalibration of supervision, directing examiners to concentrate on 'material financial risks' and to reduce scrutiny of procedural and reputational matters. The move includes limiting formal 'matters requiring attention' notices, reworking confidential ratings, encou…
Senior SpaceX executives pressed Pentagon officials to pay substantially more for access to Starlink satellite service after the network began supporting U.S. kamikaze drone operations in the Iran war. The company argued the military was using a higher-priced tier of service than it had been charged, a dispute that led to a price increase for conne…
Pony AI popped in pre-open trading after reporting Q1 2026 results that outperformed Street estimates across earnings and revenue. The company cited record robotaxi revenue and upgraded deployment goals, while cost reductions for its Gen-7 platform support a clearer path to profitability. A depressed share price entering the release amplified the m…
Estée Lauder has abandoned negotiations to merge with Spanish fragrance group Puig after disagreements among controlling families and investor pushback. The decision removes a complex and sizable transaction that investors feared would distract management and further leverage a balance sheet with net debt near five times EBITDA. Analysts say the mo…
Nintech Mould Factory Inc. submitted registration documents on Tuesday to pursue an initial public offering of 6.25 million Class A ordinary shares, targeting a price range of $4.00 to $5.00 per share. The company, incorporated in the Cayman Islands, has reserved the ticker NTMJ for the NASDAQ Capital Market and named Kingswood Capital Partners as …
Collab Z Inc. has submitted an initial public offering registration to sell 5 million shares of its common stock at an anticipated price of $4.00 per share, a transaction expected to raise approximately $20 million. The company has applied to list its shares on the Nasdaq Capital Market under the ticker CLBZ and named American Trust Investment Serv…
Volvo Cars said it will allow its electric vehicle drivers to use Tesla Supercharger stations in Europe beginning in the fourth quarter, and plans to transition selected models to the North American Charging System in Japan and South Korea by 2029. The move expands fast-charging access for Volvo drivers through the company’s app and builds on exist…
Air China Cargo has signed an agreement with Airbus for four more A350F freighters, increasing its total order for the type to 10. The move follows a prior order for six A350Fs placed in November 2025 and is presented by the carrier as a strategic fleet optimisation to boost international cargo capacity. Airbus praised the decision and highlighted …
BofA Securities downgraded Vodafone Group Plc from Neutral to Underperform and trimmed its price objective to 98 pence from 115 pence, citing a structural move of earnings and cash flow toward emerging markets that the stock’s current valuation does not reflect. The bank highlights full consolidation of Safaricom, a weaker German business, forex pr…
Barclays reiterated an Overweight rating on Iberdrola in a May 26 research note, boosting its price objective to €22.60 per share and identifying the Spanish utility as a top pick in Europe. The bank points to the company’s regulated grid exposure, renewables portfolio and geographic diversification across Spain, the UK, the US and Brazil as core s…
U.S. stock futures rose to fresh records early on Tuesday as investors reacted to comments suggesting progress in negotiations with Iran and to continued strength in semiconductor shares driven by AI demand. Brent crude ticked higher amid lingering doubts over shipping through the Strait of Hormuz. Earnings revisions and central bank policy expecta…
Elbit Systems reported a 15% year-on-year increase in first-quarter revenue to $2.19 billion, driven by elevated defense sales and a surge in orders. Adjusted earnings per share rose to $3.87 from $2.57, while the company recorded a record order backlog of $30.2 billion. Operational headwinds - including supply chain limits, higher costs, and emplo…
AST SpaceMobile shares rose sharply in pre-market trading, driven by a coordinated industry move toward satellite-based direct-to-device connectivity and a string of company-specific developments. The entry of major carriers into a joint venture, an FCC nod for commercial services, a bullish analyst note, and upcoming satellite launches have all su…
Bank of America identified Texas Instruments, Analog Devices and ON Semiconductor as its preferred names in the AI-focused power semiconductor space, arguing that Street models may not fully capture sustained content gains as industrial and automotive demand shifts from being a headwind to a cyclical tailwind. The bank raised price targets for TXN …
Melrose Industries shares dropped sharply after an overheating storage tank at its GKN Aerospace plant in Garden Grove, California led to the evacuation of more than 50,000 residents, a state emergency declaration and a class-action lawsuit seeking damages that could reach into the hundreds of millions or billions.
