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
Moody's Ratings has affirmed Akamai Technologies Inc.'s Baa2 issuer rating but moved the outlook from stable to negative after the company announced a large, unrated convertible debt issuance to finance an expanded capital expenditure program to build AI-related compute and edge infrastructure. The transaction significantly increases leverage in th…
Snowflake stock jumped 6.2% in morning trading after industry checks and several analyst actions signaled stronger enterprise demand for the company's AI data products. Notes from Mizuho and reaffirmations or target raises from JMP, BofA, and Citizens combined with improving sentiment around AI resilience in the SaaS sector to push the shares highe…
Costco Wholesale has filed a motion in federal court seeking dismissal of a proposed class action that contends the company should refund customers for higher prices charged prior to the Supreme Court overturning certain import tariffs. In a filing in Chicago, Costco argued the case is speculative, that the plaintiff incurred no harm, and that the …
AMD shares tumbled after a lengthy rally, with investors locking in gains amid pre-earnings positioning around Nvidia, a high level of insider selling and renewed scrutiny following CEO Lisa Su's meeting with Chinese Vice Premier He Lifeng. The decline reflects multiple pressures rather than a single trigger, coming after the stock soared from its …
Rocket Lab USA shares slid about 10.7% in morning trading, reversing recent gains that had followed excitement over an accelerated SpaceX IPO timetable. The drop reflects rapid profit-taking, elevated valuation multiples predicated on the success of the Neutron rocket, and lingering execution risk after testing setbacks pushed Neutron's debut to la…
Sherritt International said it will not pursue formal dissolution of its Cuban holdings, including the Moa Nickel SA joint venture, reversing an earlier decision made this month after new U.S. sanctions. The Toronto-based miner will continue to suspend direct participation in Cuban joint venture operations as it evaluates how to respond to expanded…
IREN Ltd's stock slid 5.5% in morning trading to $47.675 after the company announced it was acquiring Awaken, a creative and media agency that had been its external marketing partner. Investors remain unsettled about the pace and cost of IREN's AI infrastructure expansion, compounded by a recent $3 billion convertible notes offering, a fiscal Q3 20…
Barclays has named InterContinental Hotels Group its preferred pick in the European hotel sector, citing improving revenue-per-available-room trends in the United States and Greater China, confidence in net unit growth delivery, and potential incremental fee income. The bank's view comes as European consumer stocks have lagged materially over the p…
Bernstein upgraded American Tower from Market-Perform to Outperform and kept a $207 price target, citing the tower operator's durable cash flows, long-term leases and limited downside from satellite competition, interest rates and Dish-related disputes. The price target implies roughly 17% upside from the stock's May 18, 2026 close of $177.28.
Analog Devices shares fell in early trading after reports that the company is in advanced talks to buy Empower Semiconductor for about $1.5 billion in cash - a price that values the startup at roughly 28 times its annual revenue of $54 million. The stock's decline reflects investor concern over the deal's steep valuation, divergent analyst price ta…
Shake Shack shares jumped after disclosures showed CEO Robert Lynch and director Daniel Meyer bought stock near 52-week lows, adding to a string of insider purchases over the past three months. A Stifel upgrade and the appointment of Michelle Hook as CFO - aligned with the company’s Project Catalyst push - reinforced investor confidence even as the…
Figma's stock climbed after the company delivered a robust Q1 2026 report, with revenue of $333.4 million and non-GAAP EPS of $0.10, both ahead of consensus. Management highlighted accelerating revenue growth and expanding customer footprints, while AI credit monetization and strategic integrations supported an upward revision to full-year revenue …
Clearmind Medicine Inc. (NASDAQ:CMND) shares declined about 33% after the company announced a 1-for-10 reverse share split to take effect on May 21, 2026. The board approved the measure on March 18, 2026, as part of a plan to comply with the Nasdaq Minimum Bid Price Rule. The action will reduce issued and outstanding common shares from 10,190,337 t…
CoreWeave shares slid after news that Google and Blackstone will form an AI cloud infrastructure joint venture backed by a $5 billion equity commitment and a plan to bring 500 megawatts of capacity online by 2027. Analysts signaled the move could intensify competition for GPU-focused neocloud providers, pressuring margins and capital structures in …
Shares of InMed Pharmaceuticals (INM) jumped sharply after the company and privately held Mentari Therapeutics reached a definitive agreement to merge in an all-stock transaction. The combined company will operate as Mentari Therapeutics on the Nasdaq Capital Market, and a concurrent private placement expected to raise about $290 million is planned…
Polymarket has introduced prediction markets that reference the future performance of private companies through an agreement with Nasdaq Private Market. The offering, a first for the expanding sector, will allow trading on milestones such as valuations, IPO timing and secondary market activity and names Nasdaq Private Market as the resolution data …
Zenas Biopharma stock climbed 2.8% in morning trading as investors reacted to the acceptance of Phase 3 INDIGO results for oral presentation at EULAR 2026 and a notable open-market purchase by CEO Leon O. Moulder Jr. The INDIGO data showed a 56% reduction in IgG4-Related Disease flare risk versus placebo, and the company expects to file a Biologics…
Polymarket has introduced prediction markets tied to private company outcomes through a partnership with Nasdaq Private Market, marking the first product of its kind in the sector. The markets will cover events including valuations, IPO timing and secondary market transactions, and Nasdaq Private Market will provide the data used to settle outcomes…
Co-Diagnostics Inc. shares rose sharply in morning trading after the company said it completed its assay development strategy for the Bundibugyo virus, the Ebola strain behind outbreaks in the Democratic Republic of the Congo and Uganda. The firm said its Co-Dx PCR point-of-care platform would be used for the assay, which remains under regulatory r…
Onto Innovation priced $1.3 billion of convertible senior notes due 2031, boosting the size from an earlier $1.1 billion announcement. The offering, which carries an initial conversion price about 50% above the May 18 closing share price, sent the stock lower on Tuesday. Net proceeds will fund capped call transactions, a planned share repurchase, a…
U.S. Treasury yields moved higher in Tuesday morning trading after an earlier decline that followed an overnight pause in the Iran conflict and a pullback in oil prices. The benchmark 10-year note and the closely watched two-year note both rose by about 4.2 basis points, while the 30-year yield climbed modestly above 5.15%. Oil traded slightly lowe…
British Airways has postponed the planned restart of flights to Dubai, Doha and Tel Aviv by one month, moving the restart date to August 1. The carrier said the decision follows continued instability tied to the U.S.-Israeli war against Iran and will coincide with a scaled-back Middle East schedule that excludes service to Jeddah.
Citi Research raised its price target on SanDisk to $2,025 from $1,300 and maintained a Buy rating, pointing to accelerating demand for NAND flash from AI infrastructure and data-center investment. The firm highlighted outsized pricing upside through 2026-2027, stronger-than-expected earnings at partner Kioxia, long-term supply contracts that reduc…
ConocoPhillips expects delays measured in months rather than years for LNG capacity expansions at its North Field joint ventures with QatarEnergy, the company's Europe Gas head said. Damage to onshore Ras Laffan facilities from strikes on March 19 has raised concerns about supply to key importers, which QatarEnergy has said could face disruptions l…
Goldman Sachs finds that application software names have posted two brief rallies in 2026 but remain broadly weaker year-to-date. The bank highlights leadership moves and early product work at major vendors, yet says consistent AI-driven outperformance is likely not until 2027 and that AI revenue must prove additive to company growth to change inve…
