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.
23,123 total articles
South Korea's benchmark KOSPI sank sharply as investors took profits after an extended rally led by semiconductor stocks and foreign capital flows. The drop was large enough to activate a sidecar trading curb that temporarily halted program trading, while a report that South Korea would be excluded from MSCI's developed markets index compounded sel…
Primoris Services plunged in after-hours trading after cutting its 2026 financial guidance dramatically and disclosing execution problems concentrated in its Renewables business. The company slashed expected full-year diluted EPS and adjusted EBITDA ranges, cited worsening cost overruns and project delays, confirmed an external assessment finding p…
KPMG Australia announced the resignations of its chairman, Martin Sheppard, and two senior audit partners, Paul Rogers and Eileen Hoggett, after whistleblower allegations that confidential client information was misused to secure audit contracts. Interim CEO Stan Stavros said the moves were 'necessary and immediate' and signalled plans to appoint a…
Most Asian stock markets fell on Tuesday as investors took profits after a strong run in AI-related equities. South Korea led losses, with the KOSPI plunging around 4.6% following steep declines in major semiconductor names. Market participants also weighed tentative progress in U.S.-Iran talks and the implications of a recent hawkish Federal Reser…
WiseTech Global (ASX:WTC) issued a statement saying it is not aware of any investigation involving its Executive Chair Richard White and emphasized that recent media reports refer to White in a personal capacity rather than to the company. The disclosure followed a steep share drop after reports that the Australian Federal Police were probing alleg…
Lynas Rare Earths shares fell after the Malaysian Department of Environment asked the company to submit an updated environmental impact assessment for a planned expansion. Media reports that expansion had been blocked, plus fresh competition from Iluka Resources, contributed to the stock weakening as investors pause with key milestones already pric…
Federal safety regulators have launched a formal inquiry into a June 19 crash in Texas in which a Tesla vehicle left the roadway and struck a house, seriously injuring a woman inside who later died. The vehicle's driver told investigators the car was operating with an automated driving assistance system when the collision occurred. Tesla's CEO ques…
Gores Holdings XI, a special purpose acquisition company sponsored by an affiliate of The Gores Group, has priced an initial public offering of 31.2 million units at $10.00 each, raising $312 million. Units will begin trading on the Nasdaq Global Market on June 23, 2026 under the symbol GHXIU. Each unit comprises one Class A ordinary share and one-…
Shares of several companies developing quantum-computing technologies rose in extended trading after U.S. President Donald Trump signed executive orders aimed at accelerating the sector. The actions target a research-capable quantum computer by 2028, migration of federal systems to post-quantum cryptography by 2030-31, expanded use of quantum sensi…
Surging global demand for memory chips amid an AI-driven market upswing has elevated employees at SK Hynix and Samsung Electronics in South Korea’s social hierarchy. Large performance-linked payouts and record market values have led matchmaking agencies, students and career advisers to treat roles at the chip firms as highly desirable, altering edu…
U.S. equity futures edged lower Monday evening as technology shares stayed under pressure following sharp intraday losses in Alphabet and SpaceX. Investors also digested signs of progress in U.S.-Iran peace negotiations and prepared for a slate of U.S. economic data and corporate earnings, including FedEx.
Meta said it will pause an internal program that records employee mouse movements and other on-device interactions used for AI training while the company investigates potential data security issues. The Model Capability Initiative, which began in April, collects mouse movements, clicks and keystrokes on U.S.-based employees' computers. An internal …
First Carolina Financial Services, Inc., the holding company for First Carolina Bank, has completed its initial public offering and commenced trading on the New York Stock Exchange under the ticker FCBM. The company marked the listing with a closing bell ceremony at the NYSE, where Chairman, President and CEO Ron Day was joined by members of the ex…
Qualcomm is reported to be in advanced negotiations to acquire AI chip startup Modular Inc in a transaction that would value the company at approximately $4 billion, according to people cited by Bloomberg News. If completed, the acquisition would represent a substantial rise from the roughly $1.6 billion valuation Modular achieved in a funding roun…
The National Transportation Safety Board has launched an investigation into a close call at Boston Logan Airport in which a Delta Air Lines Airbus A319 carried out a go-around while an American Airlines Boeing 737-800 was departing from an intersecting runway. The Federal Aviation Administration is conducting its own probe, and a Senate aviation su…
Ambitious Entertainment has filed to sell 4 million common shares at $4.00 to $5.00 each on the NYSE American, seeking up to $20 million to support a move toward an owner-producer business model centered on influencer-driven projects and production aided by artificial intelligence. The company reported sharply lower revenue and wider losses for 202…
Edgewell Personal Care Co saw its shares climb sharply in after-hours trading after reports that the company declined an unsolicited takeover proposal from Yellow Wood Partners. The offer, valued at $30 per share, was judged by Edgewell's board to be inadequate, and the stock moved above prior closing levels as investors digested the news.
Qualcomm is reported to be close to buying AI chip startup Modular Inc in a transaction that would price the company at about $4 billion, according to people familiar with the situation. The potential purchase would come amid parallel negotiations for Tenstorrent and would form part of CEO Cristiano Amon's broader effort to expand Qualcomm's footpr…
Mexico’s main stock gauge closed lower on Monday, with weakness concentrated in the Industrials, Consumer Goods & Services and Consumer Staples sectors. The S&P/BMV IPC fell 0.86% as the majority of listed stocks finished the session in the red. Volara and Bolsa Mexicana de Valores were among the session’s best performers, while Grupo Televisa, Gen…
IBM said on June 22 it has entered a partnership with OpenAI to bring leading-edge AI capabilities into enterprise security processes. The collaboration, formalized through OpenAI’s Daybreak Cyber Partner Program, will incorporate OpenAI cyber models into IBM’s new application security service and into Project Lightwell, an initiative backed by a $…
California motorists have filed a proposed class action in federal court alleging that several fuel retailers employed an AI-based pricing tool to raise gasoline prices across the state. The complaint claims the conduct breaches the Cartwright Act and Assembly Bill 325, and says the tool, from Kalibrate, led to price increases as large as 30 cents …
Colombia's main stock benchmark, the COLCAP, ended the session down 4.38% after losses were concentrated in the Financials, Investment and Public Services sectors. A handful of large-cap names bucked the trend with double-digit and multi-year gains, while commodity contracts and currency pairs registered mixed moves.
Lockheed Martin Space in Littleton, Colorado, will produce additional missiles for the Army’s Conventional Prompt Strike program under an $83.2 million contract modification issued by the U.S. Department of War. The change funds procurement of All Up Rounds, allocates work across several U.S. locations, and obligates $79.3 million in fiscal 2025 Mi…
Boeing has received a $121,195,041 cost-plus-fixed-fee contract from the U.S. Department of War, awarded by Naval Air Systems Command, to supply retrofit hardware and perform upgrade installations for P-8A maritime patrol aircraft for both the U.S. Navy and the Royal Australian Air Force. The package covers nine A-kits with Increment Three Block Tw…
Russian equities closed notably lower on Monday, with the MOEX Russia Index down 4.53% to a new three-year trough. Broad selling in Oil & Gas, Power and Mining led declines, while the Russian Volatility Index jumped to a six-month high. Several large-cap names hit multi-year or record lows as trading ended.
