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.
23,113 total articles
Broadcom shares rose about 3.4% after OpenAI unveiled Jalapeño, a purpose-built AI accelerator for large language model inference developed with Broadcom and Celestica. Engineering samples are operating in lab environments on production-target frequencies and power levels, with early tests showing notable performance-per-watt advantages. OpenAI int…
Turkish President Tayyip Erdogan indicated that a bilateral meeting with U.S. President Donald Trump is likely when the U.S. leader attends a NATO summit in Ankara on July 7-8. Turkey will host 32 NATO heads of state along with foreign ministers from partner countries in the Gulf and the Indo-Pacific. Ankara says burden-sharing and defence spending…
OpenAI unveiled a custom AI processor developed with Broadcom called Jalapeño, aimed specifically at inference tasks for large language models. The company says samples are running in its labs at target power and performance, with production systems to be assembled by Celestica and deployment expected by year-end. Broadcom indicated the chip matche…
India's Reserve Bank has published draft guidance requiring banks to adopt a board-approved model risk framework that explicitly covers artificial intelligence and machine-learning systems. The rules call for continuous model-level and enterprise-wide risk assessments, independent validation of all models including third-party tools, inventories of…
A review of the most consequential insider transactions disclosed on Tuesday shows concentrated buying at Energizer Holdings and Mission Produce, while large blocks of stock were sold by entities linked to Spyre Therapeutics and NVIDIA directors. Other notable activity includes purchases by executives at Autodesk, Tempest Therapeutics and Amplify E…
TD Cowen downgraded Flowserve from Buy to Hold and reduced its price target to $70 from $85, citing persistent operational disruptions linked to the Iran conflict that could force management to lower near-term expectations. While the firm remains constructive on Flowserve's long-term exposure to electricity-generation demand, it cautioned that seco…
Shares of Toast Inc., IES Holdings Inc. and National Health Investors Inc. rose in premarket trading after S&P Dow Jones Indices announced adjustments to its MidCap 400 and SmallCap 600 benchmarks. The moves reflect corporate transactions and restructuring that prompted index committee changes ahead of upcoming trading sessions.
Citi Research's latest review of European airline positioning shows Ryanair leading the sector, with the strongest improvement in investor sentiment and positioning on both weekly and monthly measures. The carrier is drawing more long interest while short exposure is being pared, even as overall sector positioning remains net negative.
Paychex reported fiscal fourth-quarter adjusted earnings per share of $1.32, narrowly above the $1.31 analyst consensus, while revenue of $1.61 billion matched estimates and rose 12% from the prior-year quarter. The results included a full quarter contribution from the Paycor HCM acquisition. For fiscal 2027 the company is guiding 5% to 6% revenue …
Shares of InMode Ltd. rose sharply after the company confirmed receipt of an unsolicited takeover proposal from M.N. Business Strategy, Ltd., a group that includes co-founder and CEO Moshe Mizrahy. The group proposed to buy all outstanding ordinary shares not already owned by its members for $16.20 per share in cash, representing a 21% premium to t…
Saudi Arabia's stock market closed lower on Wednesday with the Tadawul All Share index sliding 0.25%. Losses in Insurance, Financial Services and Media & Publishing sectors pressured the market, even as a number of mid-cap and small-cap stocks posted double-digit gains. Oil and gold futures also declined during the session, while currency pairs inv…
Newmont Goldcorp Corp (NEM) tumbled in pre-market trade after gold prices plunged to seven-month lows. A hawkish tone from Federal Reserve leadership, reduced geopolitical safe-haven demand and portfolio reallocations amid a tech selloff combined with a technical breakdown in the stock, erasing spring gains from a post-earnings rally.
Flowserve Corporation (NYSE: FLS) saw its shares fall 2.5% in premarket trading after TD Cowen downgraded the stock from Buy to Hold and trimmed its price target from $85 to $70. Analyst Joseph Giordano cited a challenging near-term outlook into upcoming earnings, suggesting the company may need to reduce guidance even as its positioning in global …
Hertz shares plunged 17.4% in pre-market trading after the company sharply lowered its Q2 2026 Adjusted Corporate EBITDA outlook to $50 million-$80 million, citing unexpected weakness in the used car market that pushed net depreciation to about $300 per unit per month. The stock slide intensified following announcements of a $300 million private of…
Spyre Therapeutics Inc. shares declined sharply in premarket trading after company insiders, including an affiliated fund and a director, executed substantial sales of common stock. A Form 4 filing shows Fairmount Healthcare Fund II L.P. sold 4,684,781 shares on June 23 following a conversion of Series B preferred stock, while director Michael Thom…
Gold mining shares fell and spot gold dipped for a second day, trading close to $4,000 an ounce as a firmer U.S. dollar and evolving expectations for central bank policy pressured the market. Several major miners posted declines, and Macquarie lowered its near-term gold-price forecasts, citing reduced safe-haven demand.
Treatment by Goldman Sachs spurred a premarket jump in Twilio shares after the bank initiated coverage with a Buy rating and set a $300 price target, implying roughly 63% upside. The firm pointed to rising developer activity tied to AI 'agentic builders' and recent revenue growth in Twilio's self-service and Voice businesses as support for the view…
Bank of America reports institutional clients were net sellers of U.S. equities in the week ended June 19, driving a record week of single-stock outflows even as the S&P 500 gained 0.9%. Hedge funds were heavy buyers, retail investors continued selling, and corporate buybacks slowed further, with broad sector selling concentrated in Health Care and…
Goldman Sachs began or took over coverage of four customer experience software companies, assigning Buy ratings to Twilio, Braze and Klaviyo and a Neutral rating to Zeta. The bank highlighted artificial intelligence as a catalyst for shifting market share within customer service and marketing software, set price targets for each name, and identifie…
Chinese cybersecurity firm 360 Security Technology unveiled two AI-driven security systems at a Beijing conference, describing one as a homegrown counterpart to Anthropic’s Mythos and the other as a platform for automated defence and incident response. The company said its vulnerability-finding tool had identified thousands of flaws, and framed suc…
Qualcomm announced on June 24 that it will buy AI-focused startup Modular in an all-stock transaction valued at nearly $4 billion. The deal, which would involve issuing up to 19.2 million Qualcomm shares to Modular equity holders, is intended to bolster Qualcomm's push into data-center AI and positions the company against Nvidia's dominant CUDA sof…
TOYO Co., Ltd. stock fell 28% on Wednesday following disclosure of a registered direct offering that would raise roughly $50 million in gross proceeds. The transaction calls for the sale of 4,545,456 ordinary shares together with warrants to purchase an equal number of shares at a combined price of $11.00 per share and warrant. Proceeds are planned…
Sunrun shares climbed 16% following a Tuesday announcement that it, Renew Home and Tesla have formed a framework to aggregate existing home batteries and smart devices into a more than 16-gigawatt distributed energy resource intended for hyperscalers and utilities. The arrangement would require no additional hardware, software, interconnection, wat…
Take-Two Interactive has set the base price for Grand Theft Auto VI at $79.99 and reaffirmed a November 19 launch date. The company also unveiled an Ultimate Edition at $99.99 and detailed pre-order incentives, while its shares rose in pre-market trading as the release window approached.
Tesla shares plunged into a pronounced technical breakdown during today's session, trading at $381.61 after a 5.8% decline and slipping below both the 50-day and 200-day simple moving averages. An institutional Bearish Breakdown model has issued a live warning, citing a double moving average breach, a -2.9% trailing revenue contraction, a capped 'F…
