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.
14,490 total articles
United Parcel Service reported a 28% decline in quarterly adjusted profit as it scaled back delivery volumes for top customer Amazon to prioritize higher-margin shipments such as healthcare and data center deliveries. The company posted adjusted net income of $1.07 per share for the quarter ended March 31, down from $1.49 a year earlier, and quarte…
Barrick Mining Corporation has named a leadership team for a new company that will hold its North American gold assets and said it intends to take a minority stake in that vehicle public by the end of 2026, subject to regulatory approvals and market conditions. The new entity, North American Barrick, will include Barrick’s stakes and operatorship i…
The U.S. Supreme Court will hear arguments in a lawsuit brought by Falun Gong members who say Cisco Systems designed technology that allowed Chinese authorities to surveil and persecute them. The company asks the high court to narrow the reach of the Alien Tort Statute - a nearly 250-year-old law that permits foreign plaintiffs to sue in U.S. court…
Spotify on Tuesday projected second-quarter operating income and premium subscriber growth that fall short of Street estimates, signaling cooling momentum in Europe and North America. The company did, however, forecast monthly active users above analyst expectations and reported first-quarter revenue in line with estimates. Shares moved lower in pr…
Futures for the S&P 500 and Nasdaq 100 moved lower early Tuesday as growing concern that the U.S.-Iran impasse could keep crude elevated weighed on sentiment. Pre-market losses were led by major tech and chip names, while select corporates due to report earnings showed modest gains. Market participants pointed to a persistent divergence between sto…
Purdue Pharma is scheduled for sentencing on Tuesday in a New Jersey federal court after admitting to deceptive marketing and paying kickbacks to doctors to boost OxyContin sales. The sentencing will finalize a plea agreement that paves the way for the company's dissolution in bankruptcy and the redirection of assets toward a $7.4 billion settlemen…
Goldman Sachs downgraded BioArctic from Buy to Neutral and reduced its 12-month price target to SEK355 from SEK367, citing faster uptake of Eli Lilly’s Kisunla versus Leqembi and delays to milestone payments. The move follows a strong run in the stock and comes with revised revenue and earnings forecasts, shifted clinical expectations, and requirem…
SpaceX's board has approved an extraordinary compensation package for founder Elon Musk that conditions massive super-voting share awards on achieving two sweeping goals: establishing a permanent human colony on Mars with at least 1 million people and operating space-based data centers delivering at least 100 terawatts of compute. The confidential …
A federal civil trial in Oakland opened as jurors were seated to hear Elon Musk’s claims that OpenAI and its leaders betrayed the company’s original nonprofit mission by turning it into a highly valuable for-profit entity. The lawsuit seeks $150 billion in damages, a reversion of OpenAI to nonprofit status, and changes to its leadership, while defe…
Alphabet, Microsoft, Meta and Amazon have together been investing at scale in AI, with the four firms on pace to spend roughly $600 billion this year. As each reports quarterly results, investors will assess whether that investment is producing sufficient growth in cloud computing and advertising to justify the strain on operating cash flow and the…
The Cyberspace Administration of China said on Tuesday it has instructed ByteDance’s Jianying and Maoxiang video-editing apps and the Jimeng AI website to comply with national rules for identifying AI-generated content. The regulator said the platforms did not effectively implement required AI content identification measures, breached China’s cyber…
Salzgitter on Tuesday unveiled plans to sell about 3 million treasury shares out of roughly 6 million held at the end of fiscal year 2025, a package that represents 10% of the company's share capital. The sale is aimed at improving free float and liquidity, with proceeds earmarked to expand financial headroom. Based on a closing price of €49.5 on A…
Smithfield Foods reported first-quarter sales and adjusted profit above analyst expectations, driven by continued consumer demand for packaged meat items and a diversified product mix that includes a sizable private-label presence. The largest U.S. pork processor maintained its full-year outlook, citing active management of input costs and consumer…
China's National Development and Reform Commission (NDRC) has directed Meta to unwind its acquisition of AI startup Manus, a move that raises the regulatory risk for foreign buyers of China-founded technology businesses. The decision, issued under Beijing's 2021 foreign investment national security review mechanism, highlights authorities' focus on…
Citigroup updated its projection for the global artificial intelligence market, lifting its estimate to more than $4.2 trillion by 2030 and attributing much of the increase to accelerated enterprise adoption of AI tools for coding and automation. The firm highlights Anthropic's rapid revenue growth, enterprise-focused business mix, and large cloud …
The S&P 500 climbed to fresh highs on Monday, gaining more than 13% since the end of March. UBS maintained an "Attractive" rating on U.S. equities and reiterated a year-end S&P 500 target of 7,500, pointing to robust corporate results, anticipated monetary easing, and continued investment tied to artificial intelligence as the principal supports fo…
Taylor Wimpey said Tuesday that pricing has weakened further in southern England and build cost inflation has increased modestly, while keeping its fiscal 2026 adjusted EBIT target unchanged at £400 million. The company reported a deeper pricing decline reflected in the order book, slightly lower year-to-date sales per site per week, unchanged canc…
Dynatrace shares rose more than 8% in premarket trading after reports that activist investor Starboard Value has acquired a significant stake and is pressing management for changes, including an accelerated share buyback program estimated to return over $2.5 billion to shareholders within three years.
IQE plc has closed a placing and a RetailBook retail offer that together raised £13 million at 19.8 pence per share. The equity component is part of a larger financing package that includes an investment from MACOM and the reinvestment of existing convertible loan notes, with total gross proceeds expected to reach £81 million, subject to shareholde…
Iriso's stock fell 7.8% after the company postponed its scheduled earnings release while it investigates potential improper payments tied to an overseas unit. Management formed an independent committee to examine the matter, but provided no timeline for the probe's conclusion. Regulatory deadlines for financial summaries and annual filings remain i…
Bayer AG NA shares dropped more than 2% after the U.S. Supreme Court considered whether federal pesticide approvals bar state-level failure-to-warn claims over the company’s Roundup herbicide. The case centers on a $1.25 million Missouri jury award and could determine the legal exposure for thousands of pending suits. Attorneys for Bayer, backed by…
Indonesia's stock market ended the session lower on Tuesday, with the IDX Composite Index declining 0.50% as losses in the Infrastructure, Agriculture and Basic Industry sectors pressured the market. A small group of stocks produced large gains, while several others posted double-digit declines. Market breadth favored decliners, and moves in oil, g…
Shares of companies sensitive to heavy AI computing investment fell on Tuesday following a report that OpenAI missed internal user and revenue targets and faces questions about its data center spending. Oracle and CoreWeave were among the names cited as dropping in premarket trade, while chipmaker AMD also retreated as investors reacted to tighter …
Goldman Sachs analysts say growing worries about artificial intelligence disrupting long-range corporate profits have pushed investors to scrutinize how much current equity valuations depend on earnings projected beyond 10 years. The bank estimates that roughly 75% of the S&P 500's equity value is tied to terminal value - a level near a 25-year hig…
Major Gulf equities rose on Tuesday as corporate earnings provided support for trading, even as geopolitical developments linked to the conflict with Iran continued to temper investor appetite. Market gains were led by financials and an oil sector heavyweight, while officials signalled diminished prospects for a quick diplomatic settlement of the b…
