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.
30,218 total articles
Futures tied to Canada’s main stock index rose modestly after oil retreated from multi-year highs and major U.S. technology firms reported quarterly results that highlighted rising AI-related capital spending. Market attention remains split between energy-driven inflation risks and the near-term costs of expanding cloud and data-center capacity amo…
Driven Brands stock jumped after activist hedge fund ADW Capital proposed to acquire the automotive services company for nearly $3 billion, offering $18 per share in a move that follows calls to initiate a strategic review and explore a sale or breakup of the business. ADW, which owns about 3.7% of the company, said it has met with advisers and pot…
Bank of America says first-quarter earnings per share (EPS) for European companies are running ahead of consensus, powered chiefly by the technology sector and boosted by resource-sector revisions tied to the Iran war. With roughly 30% of Stoxx 600 firms reported, EPS growth is tracking at 15% year-on-year versus a 7% consensus. Adjusting for large…
Hertz Global Holdings shares rose sharply after the company said its recently formed affiliate, Oro Mobility, will provide fleet management services to Uber for both autonomous robotaxis and driver-led operations. Oro will manage Lucid vehicles equipped with Nuro AV systems for Uber's autonomous program and will also supply high-quality, Oro-operat…
Activist investor Starboard Value LP has urged Lamb Weston Holdings Inc. to convene an investor day and present a clear roadmap to durable earnings growth, saying the company must act to restore investor confidence after a year of share weakness. The call comes in a letter to the board and follows recent meetings between Starboard and Lamb Weston’s…
Prada reported a 3% increase in first-quarter revenue at constant exchange rates excluding Versace, with total group sales of 1.3 billion euros in January-March. Strong double-digit retail growth in the Americas and stable performance from newly acquired Versace helped offset declines in Europe and the Middle East. Miu Miu’s pace slowed, while mana…
L3Harris Technologies increased its 2026 per-share profit forecast after reporting first-quarter revenue that exceeded Wall Street estimates. Strong Pentagon orders for weapons and military intelligence systems lifted sales across its missile and space businesses. The company also confidentially filed for an IPO of its missile solutions unit, suppo…
UBS upgraded Brenntag AG to neutral from sell and increased its 12-month price target to €60 from €42, arguing that sharp gains in energy and industrial chemical prices could provide upside to gross profit per unit and help counter ongoing profit pressures. The bank revised earnings and cash-flow assumptions, while noting volume risk and restructur…
JPMorgan has downgraded Meta Platforms Inc. from Overweight to Neutral and reduced its price target from $825 to $725. The bank highlighted significant infrastructure spending, a lack of visibility into Meta's AI product pipeline, and potential pressure on returns from heavy AI capital expenditure. Analyst Doug Anmuth acknowledged robust recent rev…
Vistance Networks said it has signed a definitive agreement to divest its RUCKUS Networks unit to Belden Inc. for $1.846 billion in cash. The announcement sent Vistance shares sharply higher and follows a string of asset dispositions that have left the company with substantial cash to return to investors. The transaction is slated to close in the s…
Macquarie reports ANZ returned to mortgage growth in March after ceding market share over the prior six months. The rebound has been concentrated in investor lending, where ANZ is growing at an annualised pace above 10% and is pricing interest-only investor loans materially below major competitors. The bank has also raised term deposit rates ahead …
V Technology has trimmed its fiscal 2026 guidance after reporting slower-than-expected equipment installations and delayed deliveries, particularly affecting semiconductor and photomask lines and CF lithography equipment for the FPD segment bound for China. The firm lowered sales, operating profit and net profit estimates, reduced its year-end orde…
Cardinal Health lifted its fiscal 2026 adjusted earnings-per-share forecast after stronger-than-expected demand for specialty and branded medicines at its pharmaceuticals and specialty solutions unit. The company also beat quarterly adjusted EPS estimates while reporting slightly weaker-than-expected total sales for the quarter ending March 31.
MARA Holdings agreed to acquire Long Ridge Energy & Power LLC from FTAI Infrastructure Inc. for roughly $1.5 billion including assumed debt. The purchase brings a 505 MW combined-cycle gas plant in Hannibal, Ohio, more than 1,600 contiguous acres suitable for an integrated digital infrastructure campus, and nearly 100 MMcfd of fuel supply. MARA sai…
China’s official manufacturing PMI remained above the expansion threshold in April at 50.3, a slight dip from March’s 50.4 but ahead of market forecasts. Export-related indicators strengthened, supported by double-digit growth in several high-tech export categories in the first quarter. Prices stabilized after March’s rise, while services and consu…
Garmin reported first-quarter revenue and adjusted earnings per share above Wall Street expectations, with operating margins widening year-over-year. Shares rose 6.29% on the results, but the company maintained its fiscal 2026 revenue and EPS guidance, leaving analysts to temper enthusiasm despite the quarterly beat.
Blue Owl reported first-quarter adjusted distributable earnings per share of $0.19, narrowly beating analyst expectations, while fee-related earnings increased and assets under management grew to $314.9 billion. The firm raised $11 billion in new capital commitments during the quarter, with continued strong institutional and private wealth contribu…
Bank of America analysts say that if Japan’s Ministry of Finance moves to defend the yen while USD/JPY trades above 160, such intervention may not have the same persistence as prior episodes. The bank identifies a probable intervention range between 162 and 165 but lists five factors that could reduce the durability of any government action, includ…
UBS has upgraded Lloyds Banking Group from neutral to buy and lifted its 12-month price target to 115p from 110p following the bank's first-quarter 2026 results. Lloyds reported pre-tax profit modestly ahead of company consensus, maintained robust return on tangible equity, and generated meaningful common equity tier 1 (CET1) capital in the quarter…
Netomi, a California-based startup that applies large language models to customer service, raised $110 million in a Series C financing led by Accenture Ventures. The company plans to deploy the capital into customer rollouts and research and development as it expands partnerships with Accenture, WndrCo and Adobe to deliver AI-driven support agents …
Major banks across Asia are intensifying scrutiny of artificial intelligence tools after the emergence of a highly capable cybersecurity AI that has reportedly identified thousands of critical software vulnerabilities. Lenders in Singapore and beyond are reinforcing assessment procedures and emphasising internal guardrails even as they seek to harn…
JPMorgan upgraded Kone to Overweight and lifted its price target to €70 from €65 after Kone agreed to buy German rival TK Elevator in a €29.4 billion deal. The transaction would create the world’s largest elevator manufacturer by employees and revenue, but raises near-term leverage and regulatory questions that analysts and investors are scrutinizi…
Royal Caribbean reduced its fiscal 2026 adjusted earnings outlook after projecting materially higher fuel expenses driven by elevated oil prices amid persistent Middle East tensions. The cruise operator said higher at-the-pump fuel costs, net of hedging, will add about $1.3 billion to its bill versus its previous forecast, even as it recorded a qua…
Bombardier reported a 5% increase in first-quarter revenue, powered by a 25% jump in services revenue and one additional aircraft delivery versus last year. The company generated $360 million in free cash flow, marking its strongest Q1 in nearly 20 years, and raised its full-year 2026 free cash flow outlook to above $1 billion.
Merck reported a first-quarter loss after taking a one-time acquisition charge tied to Cidara Therapeutics, even as product sales grew 5% year-over-year. Quarterly revenue rose to $16.3 billion and exceeded the compiled Wall Street consensus. The company updated its 2026 guidance, narrowing the range and lifting the midpoint while excluding the exp…
