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.
13,958 total articles
Red Cat Holdings announced a proposed underwritten public offering of $200.0 million in common stock, with underwriters able to purchase up to an extra $30.0 million of shares within a 30-day window. The disclosure coincided with a roughly 7% drop in the company's shares during after-hours trading. Red Cat said net proceeds would support general co…
Exxon Mobil has rejected claims made by New York City Comptroller Mark Levine that the company’s plan to change its corporate domicile to Texas is connected to its Voluntary Retail Voting Program. In a filing, Exxon said Levine’s shareholder letter was politically motivated and misleading, reiterated that the Texas redomiciliation preserves shareho…
Google said it will introduce Gemini Intelligence on Android this summer, combining hardware and software to automate multi-step tasks while preserving user privacy and control. The initial rollout will target the newest Samsung Galaxy and Google Pixel handsets, with broader support for watches, cars, glasses and laptops planned later in the year. …
Apple is reportedly preparing to let iPhone users fully customize the Camera app in the upcoming iOS 27 release. According to unnamed sources, controls such as flash, exposure, timer and resolution can be repositioned or toggled on and off. The update is also said to include visual and interface changes across Siri, system search and several apps, …
Brown-Forman shares fell modestly on Tuesday after reports that the company declined a $15 billion takeover bid from rival Sazerac. Advisers informed Sazerac on Monday that the $32-a-share all-cash offer would be rejected. The offer, backed financially by Wells Fargo and Apollo Global Management, would have given Class A shareholders the option of …
Intel's shares have climbed about 100% in the last month amid media reports suggesting the company is in discussions with Apple and SK hynix about foundry services. Analysts see the potential for both advanced packaging and front-end wafer manufacturing contracts, with Deutsche Bank maintaining a Hold rating while lifting its price target to $100 b…
The Federal Communications Commission approved SpaceX's acquisition of about 65 megahertz of mid-band spectrum from EchoStar through a two-step assignment that routes licenses through a trust before final transfer to SpaceX. The decision waives certain terrestrial construction rules while imposing specific buildout and performance requirements over…
Ultium Cells, the joint venture between General Motors and LG Energy Solution, will bring a small group of workers back to its idled Warren, Ohio, battery plant the week of May 25 to begin work tied to restarting operations later this year. The company has not committed to a broader timeline for resuming production, leaving the previously indicated…
The U.S. Department of Justice and PayPal have reached a settlement resolving an inquiry into a 2020 investment program aimed at supporting Black and underrepresented minority businesses. As part of the settlement, PayPal will waive processing fees on $1 billion of transactions - roughly $30 million in fees - for qualifying U.S. small businesses. T…
The Bank of France's monthly business survey finds that French firms absorbed the initial shock from the Middle East conflict, with activity still rising in April but at a slower pace. The central bank withheld its usual quarterly growth estimate due to heightened uncertainty. Industrial sectors - notably defense-related areas such as aeronautics, …
Blue Owl's largest retail credit vehicle saw a near-collapse in new investor subscriptions, with fresh inflows declining 95% year-over-year to $26.4 million on May 1. The fund, which values its portfolio at about $34 billion and is structured as a business development company, has attracted redemption activity from affluent clients concerned about …
The U.S. recorded a $215 billion budget surplus in April, down $43 billion, or 17%, from the same month a year earlier, driven by larger individual tax refunds and higher spending including interest costs and military outlays tied to the war in Iran. Receipts slipped and outlays rose, while net customs receipts included refunds that are expected to…
A U.S. appeals court on Tuesday issued a short-term administrative stay that pauses a lower court decision which had curtailed collection of a 10% global tariff enacted under Section 122 of the Trade Act. The temporary hold restores duties for three importers that had obtained relief, while the Federal Circuit considers whether to extend the pause …
Meta Platforms has proposed a one-month period of free access to WhatsApp for competing AI chatbots as it negotiates commitments with EU antitrust regulators. The move follows indications from the European Commission that it was likely to order Meta to grant rival chatbots access. Regulators reacted positively to Meta's offer. The company had restr…
Zillow Group Inc. has brought a lawsuit in federal court alleging that Compass Inc. and Midwest Real Estate Data LLC conspired to hide home listings from potential buyers and tried to pressure Zillow to participate in the arrangement. The complaint, filed in the U.S. District Court for the Northern District of Illinois and reported by Bloomberg Law…
Federal prosecutors in Los Angeles opened their case on May 12 against a well-known short seller, accusing him of manipulating public markets and defrauding investors by publicizing positions in several companies and then secretly reversing them for profit. The defense says the trader sincerely believed in his investment views, pointing to prior bu…
The parents of a 19-year-old who died of an accidental overdose have filed a wrongful-death lawsuit in San Francisco state court against OpenAI and CEO Sam Altman, alleging that ChatGPT provided advice that encouraged a lethal combination of substances. The suit seeks monetary damages and asks the court to halt the company’s deployment of ChatGPT H…
Stocks moved unevenly on Tuesday, with major semiconductor and memory names among the largest decliners while a subset of companies across tobacco, energy, industrials and specialty manufacturing posted notable gains. The session included pronounced drops for Qualcomm and Intel, steep declines in several mid- and small-cap technology names, and out…
A cluster of influential economic releases is scheduled for Wednesday, May 13, 2026, led by the Producer Price Index and the U.S. Energy Information Administration's weekly crude oil inventory report. These data points, together with monthly energy reports from the IEA and OPEC, a major Treasury auction and several Federal Reserve speakers, will pr…
ZoomInfo Technologies plunged 35% in a single trading day after the company lowered its full-year 2026 revenue guidance and outlined a broad restructuring, including eliminating about 600 roles. While first-quarter results marginally beat expectations, the guidance reset and plans to move to consumption-based pricing triggered multiple analyst down…
Shares of major tobacco companies climbed Monday after the U.S. Food and Drug Administration published updated enforcement priorities for certain tobacco products marketed without premarket authorization. The guidance signals the agency will deprioritize enforcement for some e-vapor and nicotine pouch products that have pending applications accepte…
Global Medical Response (GMR Solutions) has reduced the valuation target for its planned U.S. IPO to about $3.3 billion from $5 billion and trimmed the size and price of the offering after weak investor interest. The Lewisville, Texas-based emergency medical services provider is now marketing 31.9 million shares at $15 apiece, seeking $478.7 millio…
Bank of America compiled a list of 67 companies it views as positioned to supply equipment and components for data center infrastructure. An excerpt of the ranking presented companies placed from 47 to 38, spanning manufacturers of printed circuit boards, electrical equipment, power transmission products, server and storage systems, and cable maker…
United Airlines’ cabin crew have ratified a five-year labor contract that raises base pay by 31%, introduces pay for boarding time and provides $741 million in retroactive compensation, the union said. The deal was approved by 82% of voting members and was reached with federal mediation support after earlier talks failed to secure union approval.
Semiconductor equities pulled back sharply, erasing recent gains that broadened the AI-led rally beyond Nvidia. Major chipmakers including Qualcomm, Intel and Micron posted double-digit or near-double-digit losses after a consumer inflation print topped expectations and oil prices climbed amid the Iran war, spurring investors to pare exposure to ri…
