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.
13,970 total articles
Republican lawmakers in the U.S. House and six Republican state attorneys general have intensified scrutiny of OpenAI Chief Executive Sam Altman’s personal investments and the company’s governance ahead of an anticipated initial public offering. The House Oversight Committee has requested documents related to potential conflicts between Altman’s ou…
Shares of Samsung Electronics declined in Seoul after management and a large labor union resumed government-led mediation following a lengthy, inconclusive negotiation session. The union is pressing for substantial changes to bonus and compensation arrangements and has warned of an 18-day strike starting May 21 if no agreement is reached. The dispu…
A Morgan Stanley prime brokerage note reports that global hedge funds significantly increased purchases of South Korean, Japanese and Taiwanese equities last week, resulting in the heaviest week of notional buying in more than a decade. Activity was driven largely by APAC exposures and concentrated in semiconductor and hardware segments, with flows…
Analysts anticipate SoftBank Group will post solid net profit for the January-March quarter, boosted by the sharp rise in value of its OpenAI stake. At the same time, concerns are mounting about the scale of borrowing the company is taking on to finance further investments, and credit-watch agencies and market participants are seeking clarity on fu…
Officials, traders and analysts expect a U.S.-China summit to yield additional agricultural purchase commitments that lean toward corn, sorghum, wheat and meat, while major new soybean buying beyond last October’s pledge appears unlikely. The White House is pushing for larger commitments, and markets await clarity on the implementation of a previou…
Most Asian markets traded in a narrow range Tuesday as a recent technology-led advance cooled and geopolitical anxiety over the U.S.-Iran conflict restrained gains. South Korea’s KOSPI led regional declines amid substantial profit-taking in semiconductor names, while other Asian indexes showed mixed performance ahead of U.S. inflation data and a hi…
Global markets exhibited caution as hopes dimmed for an agreement to reopen the Strait of Hormuz to shipping, sending oil higher and prompting a stronger dollar. A cooling rally in semiconductor shares coincided with investors awaiting US consumer price inflation data, while bond markets responded to political developments in the UK and shifting ex…
OpenAI and Microsoft have agreed to cap the total amount of revenue-sharing payments under their arrangement at $38 billion. The limit, disclosed by a person familiar with the deal, accompanies a renegotiation concluded last month that also permits OpenAI to pursue new commercial partnerships with other major cloud providers. The change comes as Op…
President Trump travels to China for meetings with Xi Jinping on May 14-15 with limited economic goals and a diplomatic aim to enlist China in resolving the U.S. conflict with Iran. After tariff disputes, court setbacks and a war that has reduced public support at home, the U.S. is seeking a small set of deals and political backing; China, meanwhil…
A UBS report finds that a large share of heirs in the Asia-Pacific region prefer professional advice for succession planning as the region prepares for a major intergenerational transfer of wealth. Roughly 72% of prospective inheritors in APAC said they would turn first to wealth managers or family officers, significantly higher than comparable rat…
Brazilian state-controlled oil producer Petrobras reported a 7.2% drop in first-quarter net profit to 32.66 billion reais, while adjusted EBITDA declined 2.4% to 59.64 billion reais. Net revenue edged up 0.4% to 123.69 billion reais. The company maintained steady domestic fuel prices even as global oil prices rose amid the Iran war.
U.S. stock futures were mostly flat Monday evening as traders awaited April consumer price index data and monitored renewed friction in the Middle East. Futures held steady following record closing levels on Wall Street, where gains were led by chipmakers. The market awaits CPI figures that are expected to show headline inflation accelerating to 3.…
Hims & Hers reported first-quarter revenue of $608.1 million and a per-share loss of $0.40, missing Wall Street revenue estimates and producing an unexpected quarterly loss. Management said the company’s move from compounded GLP-1 offerings to FDA-approved branded drugs - including a partnership with Novo Nordisk to distribute Wegovy - has driven p…
LOT Polish Airlines contends in U.S. District Court in Seattle that Boeing hid safety defects in the 737 MAX when the carrier agreed in 2016 to lease the type as part of a recovery plan. The airline argues that Boeing misrepresented the Maneuvering Characteristics Augmentation System (MCAS) and its testing, leading to global groundings in 2019 afte…
On May 11, BuzzFeed said Byron Allen will become its next chief executive after entering a deal to buy roughly 52% of the company for $120 million. The transaction sent BuzzFeed shares sharply higher in after-hours trading. The company has reported declining revenue, a widening net loss and has paused its annual forecast while it evaluates its outl…
GitLab Inc. announced a substantial workforce reduction and organizational overhaul, calling the initiative 'GitLab Act 2' to ready the company for an 'agentic era' of AI-led engineering. The news, disclosed in an 8-K filing, came alongside a reaffirmation of existing fiscal 2027 guidance and preceded an 8.2% decline in after-hours trading.
The U.S. Department of Justice has asked a federal court to dismiss criminal charges accusing British American Tobacco of conspiring to evade U.S. sanctions by supplying cigarettes to North Korea, stating the company fulfilled the terms of a deferred prosecution agreement signed in April 2023. The agreement included enhanced compliance measures and…
OpenAI introduced Daybreak, an effort to integrate defensive resilience into software design rather than relying on after-the-fact patching. The program uses OpenAI models and the agentic capabilities of Codex to help security teams surface subtle vulnerabilities, validate fixes automatically and accelerate remediation, while incorporating safeguar…
Mexico's benchmark index closed higher on Monday, propelled by advances in Industrials, Consumer Goods & Services and Consumer Staples. The S&P/BMV IPC rose 0.56% to reach a one-month high, while several individual stocks posted notable intraday moves in both directions. Market breadth was negative overall, with more decliners than advancers, and …
Colombia's benchmark index ended Monday lower, with the COLCAP slipping 0.64% to a three-month low. Losses were concentrated in Financials, Investment and Public Services sectors. A handful of stocks posted gains, but declines outnumbered advances on the exchange as select commodities and FX instruments moved modestly.
Russian equities closed higher on Monday, with the MOEX Russia Index rising 2.24% as stocks in the Oil & Gas, Mining and Power sectors drove the advance. Steel and metallurgical companies were among the session's strongest performers, while selected utilities and agribusiness instruments finished unchanged. Volatility in options markets ticked up a…
May 11 - GoPro said on Monday it will conduct a strategic review that could include selling the company or pursuing a merger, following several unsolicited inquiries received after hiring a consulting firm to explore defense and aerospace opportunities. The announcement coincided with a more than 27% jump in the stock in after-hours trading and a r…
Victoria's Secret disclosed in a regulatory filing that it refused a board seat to Australian investor Brett Blundy after finding potential reputational and legal risks, conflicts of interest and competition concerns. The filing also says one director, Mariam Naficy, will not stand for re-election because of the demands created by BBRC's proxy camp…
KKR said it will invest $300 million into FS KKR Capital, buying $150 million of convertible perpetual preferred stock and offering up to $150 million through a tender for common shares, as the private credit fund reported growing losses, a sharp fall in net asset value per share and a rise in non-accrual loans. The fund also authorized a $300 mill…
GoPro Inc. (NASDAQ: GPRO) stock climbed 20% in after-hours trading after the company said its Board authorized a strategic review that may include a sale or merger. The review will involve a financial adviser and independent legal and financial counsel, with no timetable established. The move follows recent outreach tied to GoPro's push into defens…
