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
MongoDB shares rose in premarket trade after Citi reiterated a Buy rating and increased its price target to $450 from $400, citing accelerating AI-driven demand for the company’s Atlas cloud database. Citi's checks and updated AI customer modeling suggest Atlas usage could be ramping at prominent AI customers, prompting the firm to raise its Atlas …
At Swatch Group’s annual general meeting, shareholders voted down activist investor Steven Wood’s bid for an independent board seat, electing the company’s nominee Andreas Rickenbacher instead. The vote highlighted persistent governance friction at the watchmaker, driven by a dual-class share structure and minority investor calls for greater board …
SunScout Holding Limited has submitted an S-1 style filing to pursue an initial public offering of 4 million Class A ordinary shares, with a proposed price range of $5.00 to $6.00 per share. The Cayman Islands-based company operates through subsidiaries in New Zealand and the United States and intends to list on the NYSE American under the symbol S…
eBay has formally rejected a $56 billion acquisition proposal from GameStop, calling the offer neither credible nor attractive. The rebuff exposes the deal to potential escalation as GameStop’s CEO has indicated willingness to take the bid to eBay shareholders. Market reaction was negative in premarket trading, with eBay shares trading below the pr…
Indian stock indices closed lower on Tuesday, with the Nifty 50 sliding 1.83% to a fresh one-month trough and the BSE Sensex falling 1.92%. Losses were concentrated in Real Estate, Consumer Durables and Capital Goods, while select energy and metal names outperformed. Volatility as measured by the India VIX rose, and commodities and FX moves were no…
Turkcell Iletisim Hizmetleri shares fell after the company published first-quarter 2026 results following Borsa Istanbul hours on May 11. Revenue rose while EBITDA margins contracted, and guidance pointed to modest real revenue growth alongside sustained capital spending tied to the 5G rollout. Market reaction reflects concern about near-term profi…
New STEP UP trial results presented in Istanbul indicate Novo Nordisk’s 7.2 mg dose of Wegovy (semaglutide) produced an average 21% total body weight loss over 72 weeks in adults with obesity and without type 2 diabetes, regardless of whether patients were early responders. Secondary analyses show most weight loss was fat mass, with limited loss of…
The European Commission plans new regulation this year to limit design elements on social platforms that encourage prolonged use by children. President Ursula von der Leyen outlined measures that would address features like endless scrolling, autoplay and push notifications, and said the Commission is investigating Meta over alleged failures to enf…
ZoomInfo Technologies shares dropped sharply in pre-market trading after the company released its Q1 2026 results and materially reduced full-year revenue guidance. Management cited weakening macro conditions and buyer hesitation tied to uncertainty around AI. The company also unveiled a shift to a hybrid, data-led pricing model, a 20% workforce re…
Shares of Compagnie Financiere Richemont SA rose on Tuesday after Bernstein said its analysis indicates the luxury group could exceed current consensus forecasts for fourth-quarter FY26 sales growth at constant exchange rates. The brokerage’s regional regression models, drawing on datasets from Japan, Mainland China, Hong Kong and France, point to …
Amazon is rolling out its Amazon Now 30-minute delivery service to dozens of U.S. cities after a December pilot. The expansion includes new markets and broader coverage in existing ones, supported by micro-fulfillment centers and the Amazon Flex driver network. The company says it expects to reach tens of millions of customers by year-end and highl…
Suchness Tech Limited submitted an initial public offering registration seeking to raise $20 million by offering Class A ordinary shares on the Nasdaq Capital Market under the proposed ticker "SUCH." The filing discloses a par value of $0.0001 per share, names Joseph Stone Capital as underwriter and notes there has been no public market for the Cla…
Hims & Hers Health saw its stock tumble in premarket trading after reporting weaker-than-expected first-quarter revenue and an unexpected loss. Management said a pivot toward branded GLP-1 weight-loss drugs and changes to shipping and revenue recognition weighed on U.S. sales and margins. The company signaled the transition will carry restructuring…
U.S. stock futures moved lower as gains in semiconductor shares faded and optimism for a swift end to the Middle East conflict waned. Traders are focused on a closely watched consumer inflation reading and a slate of economic reports that could influence interest rate expectations and market sentiment.
Shares of Intertek climbed more than 5% after EQT AB lodged a fourth and final takeover proposal valuing the company at £9.4 billion. The bid would pay shareholders £60 in cash plus a possible £1.1 fiscal 2025 dividend. Intertek is reviewing the proposal as it continues a strategic review and investors press the board to engage with the bidder.
eBay on Tuesday rejected a $56 billion takeover proposal from videogame retailer GameStop, pointing to doubts about how the deal would be financed. The move underlined eBay’s message that its ongoing turnaround has improved growth prospects. GameStop CEO Ryan Cohen has indicated willingness to appeal directly to eBay shareholders, a path that could…
Netflix reported it has invested in excess of $135 billion in film and television content over the last ten years, while claiming more than $325 billion in contribution to the global economy and creation of over 425,000 production jobs. The company also emphasized a surge in non-English viewing and disclosed a new study called the "Netflix Effect."
OpenAI Chief Executive Officer Sam Altman is scheduled to testify on Tuesday and Wednesday in a California courtroom as Elon Musk’s lawsuit against the company moves into its third week. The case centers on Musk’s allegation that he was persuaded to provide $38 million to nonprofit OpenAI before it converted into a for-profit entity, while OpenAI c…
Citi Research moved Yara International ASA to a neutral rating from buy while lifting its 12-month price target to NKr530 from NKr430, citing a more balanced risk-reward after a sharp run-up in fertilizer prices. The bank sharply increased its 2026 earnings-per-share and EBITDA forecasts but signalled that recent spot-price gains may have peaked an…
Field tests of Tesla’s robotaxi service in Dallas, Houston and Austin reveal the offering remains in beta: riders encountered lengthy waits, rides that dropped them far from destinations, route and maneuvering errors and spotty availability. The results contrast with investor expectations tied to Tesla’s valuation and longstanding claims that its s…
Swatch Group AG shares rose 4.3% after the company’s annual general meeting disclosed voting outcomes. Activist investor Steven Wood failed to secure a seat on the board, receiving 19.2% of total votes, but obtained 80.4% backing from bearer shareholders. The company’s bearer-share nominee Andreas Rickenbacher received 46% support from bearer share…
Bulgaria's state-owned gas supplier Bulgargaz has named Shell the successful bidder in a tender for a single liquefied natural gas cargo. The shipment, sourced in the United States and sized at about 1 million megawatt hours, is scheduled for delivery in Turkey and is expected to arrive at the end of May. Bulgargaz will make use of its arrangement …
More than a dozen U.S. chief executives and senior executives are joining President Donald Trump on his May 14-15 meeting with Chinese leader Xi Jinping, largely to press longstanding commercial and regulatory priorities rather than to sign large trade deals. Companies including Tesla, BlackRock, Illumina, Mastercard and Visa are expected to press …
TikTok asked the EU Court of Justice to annul its designation as a 'gatekeeper' under the Digital Markets Act, arguing the lower tribunal wrongly applied the law. The Commission defended the gatekeeper finding, saying certain user groups can still be locked in despite multihoming. The court's decision, expected in coming months, will be the first r…
Aena reported 28.3 million passengers at its Spanish airports in April, a 3.7% rise year-on-year. Consolidated traffic across all Aena-operated facilities reached 33.5 million, up 3.6%. The company said the year-to-date figures were helped by some travelers shifting from rail following a January 18 train accident, while broader industry constraints…
