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
Third Point, the hedge fund led by Daniel Loeb, has sold its entire stake in CoStar Group and will not mount the planned proxy fight to reshape the company's board and operations. In a letter to investors, Loeb said the fund no longer believes its original thesis is valid. The move follows a sharp drop in CoStar’s share price and parallel pressure …
Web3Labs Global Inc., a Cayman Islands holding company whose operations are conducted mainly through a Hong Kong subsidiary, has filed for an initial public offering. The company plans a firm-commitment offering of Class A ordinary shares with an expected price range of $4.00 to $5.00 per share and has applied to list on the NASDAQ Capital Market u…
Morgan Stanley increased its MSCI Europe price target to 2,700, signaling roughly 11% upside to June 2027 from current levels and projecting 16% total return when dividends and buybacks are included. The bank's base case rests on EPS growth and a higher valuation multiple but it warns that a Strait of Hormuz closure tied to the Iran conflict could …
MediaOn Group Inc. filed paperwork for an initial public offering to sell a total of 5.9 million Class A ordinary shares, with 3 million shares to be offered by the company and 2.9 million to be sold by existing shareholders. The anticipated price range is $4 to $6 per share and the company intends to list on NASDAQ under the symbol MEON, subject t…
S&P 500 and Nasdaq futures rose on May 13 as traders awaited key U.S. economic releases and U.S. President Donald Trump’s visit to China. Optimism for a durable Iran peace deal faded as talks stalled. Oil retreated after a three-day gain, and memory-chip stocks led a premarket rebound following a recent selloff. Fed policy expectations shifted slig…
A five-week-old exchange-traded fund focused on memory chips has attracted more than $6 billion since launching on April 2, becoming the fastest-growing ETF debut on record as retail investors pile into semiconductor exposure tied to data center demand for AI. The surge has lifted the Roundhill Memory ETF (DRAM) but also left it vulnerable to sharp…
Attorneys for the U.S. Securities and Exchange Commission and Elon Musk will appear before a federal judge to press for approval of a $1.5 million settlement tied to Musk's 2022 acquisition of Twitter. The agreement would end an SEC suit alleging Musk delayed disclosure of a 5% stake in the company in April 2022, a delay the agency says saved him $…
A dramatic rally in semiconductor stocks, led by the AI-driven enthusiasm around Nvidia and echoed across memory and chipmakers, has become a principal driver of the broader U.S. equity advance. While fundamentals tied to massive data-center spending underpin the move, the speed and concentration of the gains have produced technical readings and ma…
Birkenstock reported second-quarter revenue below analyst expectations as uneven demand for higher-end sandals and clog styles weighed on sales. The company said the U.S.-Israel war on Iran disrupted deliveries to the Middle East and shaved about 6 million euros from its EMEA segment, but it left its annual sales and profit outlook unchanged, citin…
China has objected to recent U.S. congressional proposals aimed at restricting the sale and servicing of advanced chipmaking equipment to Chinese firms. The MATCH Act and related measures are expected to surface during high-level talks in Beijing and have prompted Chinese diplomatic and regulatory responses, including warnings of countermeasures an…
Eli Lilly has launched its Alzheimer’s treatment Lormalzi in India, setting a list price of 91,688 rupees for a 350 mg vial. The intravenous therapy, also known as Donanemab and sold in the U.S. as Kisunla, has cleared Indian marketing authorization for patients in the mild cognitive impairment and mild dementia stages and is scheduled to become co…
Volvo Cars is exploring partnerships with U.S. companies to raise production capacity at its South Carolina factory, CEO Hakan Samuelsson said. The company is looking at cooperation in assembly, construction, sourcing and broader supply-chain activities as it expands its American operations. The initiative is framed against a backdrop of global man…
Alibaba's fourth-quarter revenue grew 3% year-over-year, driven by strong performance in its Cloud Intelligence Group and recent enterprise AI offerings. China e-commerce revenue also exceeded estimates after local subsidy programs encouraged electronics trade-ins. However, overall revenue missed LSEG consensus as the company's international e-comm…
Birkenstock's stock plunged more than 11% in pre-market trading after the company reported fiscal Q2 2026 results that missed analyst expectations on both revenue and adjusted EPS. Sales totaled €618.3 million, slightly below consensus, while adjusted EPS fell to €0.50 from €0.55 a year earlier and missed the €0.59 estimate. Management kept its ful…
Volvo Cars says it is prepared to cooperate with other companies in the United States to make fuller use of capacity at its South Carolina plant. CEO Hakan Samuelsson outlined the firm's openness to partnerships across assembly, construction and supply-chain activities while stressing the need for greater industrial presence in the U.S. amid moves …
Morgan Stanley's equity strategists raised their 12-month S&P 500 target to 8,300 on the back of robust corporate earnings, forecasting substantial EPS growth through 2028 and emphasizing that the rally is earnings-driven rather than the result of multiple expansion. The bank also raised its year-end 2026 target to 8,000 and adjusted sector prefere…
Shanghai equity benchmarks climbed to their highest level in 11 years on Wednesday, driven by demand for technology stocks ahead of a high-profile meeting between U.S. and Chinese leaders. The presence of Nvidia’s Jensen Huang among CEOs traveling with President Donald Trump to Beijing supported Chinese AI-related names, while investors downplayed …
Aggregated credit and debit card data from Bank of America indicate that cruise-related spending in April rose 15.8% year-over-year, a recovery from March’s 6.7% growth rate. On a month-to-month basis, April fell 8.1% versus March, a sequential drop that sits above the 2023-2025 average sequential decline of 12.7%. The uptick follows a period of so…
Bank of America has revised upward its projection for the artificial intelligence data center systems market, now forecasting roughly $1.7 trillion by 2030 versus an earlier $1.4 trillion estimate. The firm raised forecasts across AI accelerators, networking and CPUs, and adjusted price targets for several semiconductor names based on a sum-of-part…
Porsche SE, the holding company controlled by the Porsche-Piech families and Volkswagen's largest investor, reported a 21% drop in adjusted profit after tax to 382 million euros for the first quarter and recorded a 923 million euro unadjusted after-tax loss driven by a 1.3 billion euro non-cash writedown on its Volkswagen stake. Family shareholders…
As first-quarter earnings wrap up, capital is shifting into companies combining immediate earnings momentum with larger structural growth drivers, particularly around enterprise AI and AI infrastructure. Model-driven calls identified several high-conviction names that posted double-digit gains in May as the market began to reprice their long-term u…
The IDX Composite Index closed down 2.05% on Wednesday, marking a fresh 52-week low as selling pressure concentrated in Infrastructure, Financials and Agriculture sectors. Market breadth favored decliners, and notable moves included double-digit percentage rises in several small-cap names alongside steep drops in select large-cap stocks. Commodity …
Adecco Group reported its first-quarter 2026 results showing continued organic revenue growth and market share gains, but a gross margin slightly below expectations and uneven performance across business units weighed on profitability and investor sentiment. The shares plunged intraday, touching a 52-week low as concerns about the firm's ability to…
Merck KGaA shares jumped after the Darmstadt-based science and technology group posted a smaller-than-expected first-quarter earnings decline and raised full-year adjusted EBITDA guidance for fiscal 2026. The improvement was driven by robust demand for semiconductor-related products in the electronics unit and stronger performance in the Life Scien…
U.S. President Donald Trump will prioritize artificial intelligence in discussions with Chinese leader Xi Jinping, marking a first for their summit agenda. Officials familiar with planning say the technology’s prominence reflects its strategic significance, but they do not expect binding agreements. Recent developments, including Anthropic’s Mythos…
