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.
23,115 total articles
FedEx reported a stronger-than-year-ago fourth-quarter profit and set an outlook for roughly 11% revenue growth and $16.90 to $18.10 in earnings per share for the coming year as it shifts its fiscal calendar and finalizes the spin-off of its trucking unit. Revenue benefited from higher pricing, while segment performance showed resilience in express…
Reporting Tuesday indicates that Heidi Overton, a White House domestic policy aide with a medical doctorate, has emerged as a top candidate to lead the Food and Drug Administration. The agency has lacked a permanent commissioner since the resignation of Marty Makary in May. Overton's academic credentials, White House ties and prior collaboration wi…
Raymond James analyst Adam Tindle reports early customer and industry checks indicating ServiceNow is implementing price increases that may surpass the company's 20-30% guidance tied to its shift to three new tiers. The bank argues such moves could pull forward revenue through early renewals ahead of a June 30 legacy-tier cutoff and produce margin-…
SpaceX has launched a five-tranche offering of senior unsecured notes aimed at raising a minimum of $25 billion to finance its expensive artificial intelligence expansion and to repay borrowings under a bridge loan facility. The debt sale, led by a syndicate of major banks, spans maturities from five to 30 years and has reportedly drawn overwhelmin…
Alibaba Group filed a lawsuit in federal court in San Jose seeking removal from a U.S. Department of Defense blacklist that identifies the company as supporting the Chinese military. The company contends the Pentagon placed it on the 1260H list without adequate evidence or explanation and says the designation breaches its constitutional rights. Ali…
Options on Ares Capital Corp. (ARCC) recorded a total of 21,788 contracts exchanged as of 2:01 p.m. New York time on Tuesday. Calls comprised 12,515 contracts and puts accounted for 9,273. The January 21, 2028 $15 call was the single most-traded contract with 4,997 trades and 78 contracts in open interest, while other near- and mid-dated strikes lo…
SpaceX has initiated a five-tranche senior unsecured notes offering targeting at least $25 billion to finance its capital-intensive artificial intelligence expansion. The debt sale - the company’s first investment-grade dollar bond issuance - includes maturities of 5, 7, 10, 20 and 30 years and has attracted substantial demand, according to a sourc…
Options trading in FedEx Corp. accelerated sharply by 1:50 p.m. New York time on Tuesday, with total volume of 15,755 contracts. Put contracts accounted for 9,424 of that total, while calls totaled 6,331. Several near-term strikes, including a concentrated calendar spread and a high-volume $375 call, were the most actively traded contracts.
Galectin Therapeutics saw its stock climb roughly 20% after the company said it reached agreement with the FDA on the primary endpoint and regulatory approach for belapectin in patients with metabolic dysfunction-associated steatohepatitis (MASH) cirrhosis and portal hypertension. The FDA supported a randomized, double-blind, placebo-controlled Pha…
Alo Yoga’s owners have agreed to sell Bella+Canvas, the wholesale T-shirt unit linked to the company’s parent Color Image Apparel Inc., a move analysts say could streamline Alo’s financial story and make it a clearer candidate for a public offering or sale. The Bella+Canvas transaction has been announced but not closed, and Alo’s founders have not …
Trading on Tuesday produced pronounced swings across market-cap brackets, with major semiconductor and data-storage names among the largest decliners. Several specific corporate actions and analyst moves were cited alongside the stock moves, including a planned equity raise at an entertainment company and upgrades tied to a cloud-infrastructure dea…
A cluster of housing indicators and energy supply data scheduled for Wednesday, June 24, 2026, could shape market sentiment. Key releases include building permits and new home sales for the housing sector, plus the Energy Information Administration's weekly crude oil inventories. Additional macro releases and scheduled events, including a 5-year Tr…
S3 Partners estimates that short sellers have placed between 5% and 7% of SpaceX’s tradable float, roughly 40 million shares, into short positions. Borrowing the shares has become easier, with short financing costs around 60 basis points. The firm says increased supply and low concern about borrow availability underlie the decline in borrow pressur…
Anthropic has launched Claude Tag, a Slack-integrated feature that allows teams to call the company’s AI assistant directly within channels. Claude Tag acts like a team member with channel-specific access to tools and data, breaks tasks into stages, and replies in-thread with work products. The capability is available in beta to Claude Enterprise a…
SPS Commerce has hired Morgan Stanley to manage a possible sale process after activist investors Anson Funds and Irenic Capital urged strategic changes, including a full review of alternatives. The company's valuation has plunged about 60% in the past year, and management faces investor scrutiny as revenue growth slows and the next earnings report …
Anthropic introduced Claude Tag, an AI assistant embedded in Salesforce’s Slack that users can invoke with @Claude to have the agent read threads, decompose tasks and surface relevant updates proactively. Available as a research preview to Claude Enterprise and Team customers, the feature preserves context over time and includes administrative cont…
Mexico's state oil company Petroleos Mexicanos (Pemex) and Brazil's Petroleo Brasileiro SA (Petrobras) have signed a non-binding memorandum of understanding to work together on oil exploration, production and refining. The companies announced the pact at an event in Rio de Janeiro and said collaboration will extend to shallow and deepwater areas of…
Meta's CEO instructed a small internal team to build a smartphone application modeled on existing prediction markets. Internally called "Arena," the app is expected to use a video game-like points system initially, though the company has not ruled out introducing real-money wagering at a later stage. The company did not immediately respond to a req…
The U.S. Department of Health and Human Services has provided doses of an experimental antibody drug, MBP134 from Mapp Biopharmaceutical, for compassionate use and to support clinical trials in the Democratic Republic of Congo as health authorities work to test treatments and begin vaccine studies during a rapidly expanding Bundibugyo Ebola outbrea…
Meta has instructed a small team to build a standalone smartphone app, internal name Arena, that would let users take part in prediction markets using a points-style system rather than wagering real money initially. The effort is described by employees as experimental but a priority, and Meta plans to leverage its vast social audiences to grow the …
Penguin Solutions Inc. (NASDAQ: PENG) saw its stock rise 1.2% following an announcement that it has been admitted to Nvidia's AI Factory Specialized Partner program. The company earned the invitation-only status by completing Nvidia training, maintaining required competencies, and demonstrating experience across the full stack of Nvidia-based AI fa…
EG Group has confidentially filed paperwork for a U.S. initial public offering that could raise roughly $1 billion. The company, which is backed by private equity firm TDR Capital and was co-founded by the Issa brothers, is reportedly eyeing a valuation near $9 billion and a potential listing as soon as July. Deliberations over the offering's size …
Morgan Stanley has increased its forecast for the total addressable market (TAM) for servers to $809 billion in 2026, an 82% increase year-over-year, and has adjusted earnings forecasts and price targets for several enterprise compute-exposed companies after concluding demand is more resilient than anticipated. The firm raised EPS estimates across …
SpaceX drew roughly $89 billion in orders for its inaugural U.S. bond offering, dwarfing the planned $20-$25 billion five-tranche deal. The long-dated 2056 tranche saw tighter price talk, and proceeds will be used to refinance a bridge loan and support other corporate needs. Major banks are leading the transaction.
S&P Global Ratings upgraded its outlook on Taiwan Semiconductor Manufacturing Co. Ltd. to positive from stable while affirming a long-term issuer credit rating of AA-. The agency pointed to TSMC's expanded dominance in the global foundry market, strong demand for advanced chips used in AI and cloud infrastructure, and projected free operating cash …
