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.
23,111 total articles
Jefferies has assigned Buy ratings to three UAE-listed real estate companies — Aldar Properties, Emaar Development and Emaar Properties — identifying them as well placed to benefit from a surge in infrastructure spending, robust cash generation and sizeable strategic land holdings across the Emirates.
Meta Platforms is accelerating the replacement of human content reviewers with large language models across its services as part of a cost-reduction effort and a broader pivot of resources toward AI development. The company has already automated about half of review requests this year and plans to expand that share substantially by year-end for som…
Worley shares tumbled 8.8% to A$11.20 after the engineering firm said the Middle East conflict would shave A$60 million ($41.4 million) from its annual earnings, nearly double its earlier guidance. The company also warned of an increased earnings hit from a strong Australian dollar, and noted that its significant oil and gas exposure and client del…
Doncasters, a long-established aerospace and industrial parts manufacturer based in Derby, U.K., raised $919.3 million in its U.S. initial public offering by selling 27.9 million shares at $33 each. The listing follows a multi-year turnaround that included a debt restructuring and more than $170 million of capital spending since 2020 to modernize a…
Worley has revised upward its estimate of the impact from the Middle East conflict on its full-year underlying operating earnings to about A$60 million, nearly double the prior A$30-A$40 million range. The company said ongoing project delays and a firmer Australian dollar - which reached a near four-year high in early May - are weighing on results.…
Alpex Acquisition Corporation priced 10,000,000 units at $10.00 apiece, raising $100 million. Units began trading on the Nasdaq Global Market under the symbol ALPXU on June 25, 2026. The company filed an effective Form S-1 with the SEC on June 24, 2026 and intends to pursue a business combination without restricting target industries or geographies…
Kioxia Holdings Corp intends to offer U.S. depositary shares in spring 2027 and is evaluating a stock split for its Tokyo-listed shares as it seeks to tap strong investor interest in AI-related memory stocks. Company executives say the move aims to create a direct link to the U.S. market while demand for NAND flash is being strengthened by AI-drive…
DPC Holdings Limited, which does business as Doncasters, has set the price for its initial public offering at $33.00 per ordinary share for 27,858,585 shares, generating roughly $919.3 million in gross proceeds before underwriting discounts, commissions, and offering costs. The company has granted underwriters a 30-day option to purchase an additio…
Trip.com Group shares tumbled after the Hong Kong-listed travel platform reported a sharp drop in first-quarter net income and lowered its revenue growth forecast for the current quarter. While revenue grew year-on-year and international bookings showed strong gains, management warned that macroeconomic headwinds, higher energy costs, geopolitical …
Asian equities climbed broadly on Thursday, paced by large advances in South Korea and Japan after Micron Technology's upbeat earnings and outlook rekindled confidence in AI-related memory demand. The move lifted regional chip names and helped pare losses from an earlier selloff in global tech stocks, while investors also prepared for U.S. PCE infl…
Lend Lease Group shares climbed 6% to A$3.085 following the sale of its remaining 25% interest in Keyton Retirment Living Trust for A$525 million ($362 million). The company said proceeds will be used to reduce debt as it advances a strategic pivot toward a capital-light, fee-generating model while continuing asset divestments and balance sheet res…
Alibaba's Hong Kong-listed shares fell sharply after U.S. AI developer Anthropic accused operators linked to Alibaba's Qwen AI lab of running a coordinated campaign that used nearly 25,000 fraudulent accounts to interact more than 28.8 million times with Anthropic's Claude between April 22 and June 5. The allegations, detailed in a letter sent to U…
The White House has formally asked Congress for $87.6 billion in supplemental appropriations to cover wartime costs related to the Iran conflict and provide aid for farmers, Ebola response, and energy security. The package directs the largest share to the Defense Department and faces immediate opposition from congressional Democrats. Lawmakers must…
Fortescue has been named in a class action lawsuit that accuses the company of pervasive sexual harassment at its remote mining operations. The suit, lodged by law firm JGA Saddler, presents 45 firsthand accounts and follows similar legal actions against Rio Tinto and BHP. Company and industry statistics cited in corporate reports show differing tr…
BMO Capital Markets raised its price target on Take-Two Interactive to $285 from $280 and kept an outperform rating after the company set an $80 base price for Grand Theft Auto VI. The brokerage raised its fiscal 2027 bookings estimate to $10.65 billion, citing the higher launch price and confidence in sustained demand despite fewer premium edition…
Kioxia's stock climbed 7.4% to ¥99,330 on Thursday after Micron Technology posted quarterly results and guidance that beat analyst expectations, reinforcing the view that AI-related demand for NAND memory remains strong. The rise came after a sharp sell-off earlier in the week that hit Japanese and South Korean markets and pushed several memory sup…
Shares of Samsung Electronics and SK Hynix climbed sharply after Micron Technology reported record quarterly results and issued a stronger-than-expected outlook, signaling persistent demand for memory used in artificial intelligence systems. Micron’s guidance, a $22 billion slate of customer commitments and a roughly 12% after-hours jump helped lif…
SK Hynix rallied sharply, climbing 9.0% to ₩2,811,000 after filing to raise about $29.4 billion via an American Depositary Receipt offering on Nasdaq, with a potential trading start as early as July 10. Management said the listing would help the market properly assess the company's corporate value and broaden its investor base, while market moves w…
South Korea's benchmark KOSPI saw trading briefly interrupted after a rally in major semiconductor names vaulted the index more than 5% at the market open. The Korea Exchange activated a buy-side sidecar, suspending program trading for KOSPI-listed shares for five minutes. Gains were led by Samsung Electronics and SK Hynix, which rose following str…
U.S. stock index futures climbed notably in late trading after Micron and Qualcomm issued upbeat guidance tied to artificial intelligence demand. The move followed a mostly negative regular session marked by a sharp pullback in technology names earlier in the week. Traders now look to upcoming PCE inflation and GDP data for further direction on int…
A high-octane fundraising drive for startups in China’s designated "future industries" - including space, quantum technology, nuclear fusion and advanced AI - is drawing heavy venture capital flows and lifting valuations rapidly. Government guidance and new listing rules have accelerated investor appetite, but rapid price inflation for early-stage …
Shares of major semiconductor companies jumped late Wednesday after Micron Technology and Qualcomm issued forecasts that suggested stronger-than-expected demand tied to AI infrastructure. The moves sparked roughly $400 billion in market-value gains across chip stocks, as investors reacted to Micron's upbeat quarterly outlook and Qualcomm's projecti…
General Motors said it will add 3.5 billion reais to its investment program in Brazil, lifting total planned spending to 10.5 billion reais through 2028. The funds are targeted chiefly at operations in Sao Paulo state and will support Chevrolet model refreshes, hybrid vehicle production, factory modernization and expanded engineering and manufactur…
Mexico City-based Grupo Financiero Banorte raised $1.35 billion in international markets via the sale of perpetual additional tier 1 (AT1) notes split into two tranches. The issue, which management described as timed to an opportunistic window, comprises a $600 million tranche callable after 6.5 years carrying an 8.0% coupon, and a $750 million tra…
Sky has agreed terms to acquire ITV’s broadcast and streaming arm for £1.6 billion, with ITV set to take over Sky’s Love Productions as part of the package. The arrangement, which includes a performance-linked earn-out, has moved forward in recent days and is being finalized by legal teams. Market participants say a formal announcement could arrive…
