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.
14,529 total articles
People familiar with the matter told Bloomberg that Bill Ackman’s Pershing Square USA Ltd. IPO is expected to raise roughly $5 billion, a sum that represents the low end of the fund’s stated fundraising ambition and incorporates a previously disclosed $2.8 billion private placement. The offering is reported to be about 85% covered by institutional …
The U.S. Food and Drug Administration has approved a supplemental New Drug Application for Caplyta from Johnson & Johnson for the prevention of relapse in adults with schizophrenia, based on long-term clinical data. In a Phase 3 randomized withdrawal trial, Caplyta significantly prolonged time to relapse versus placebo over a 26-week double-blind p…
The U.S. Supreme Court heard arguments in a case testing whether court-approved 'geofence' warrants that compel companies to search customer location data violate the Fourth Amendment. The appeal involves a Virginia credit-union robbery in which Google location history placed defendant Okello Chatrie near the scene; the case raises questions about …
Equity markets on Monday displayed notable volatility across market-cap tiers. Mega-cap technology and industrial names, including Arm and GE Vernova, posted declines, while several semiconductor, biotech and industrial mid-caps and small-caps experienced outsized moves driven by company-specific news and trial results.
Evercore ISI analyst Kirk Materne said the revised partnership between Microsoft and OpenAI simplifies the commercial arrangement, grants both firms more operational flexibility, and clarifies economic and intellectual property timelines through 2030-2032. Microsoft gives up exclusive selling rights and will no longer pay revenue share on OpenAI pr…
A financing vehicle tied to Hut 8 Corp. is offering secured, investment-grade bonds due 2042 to raise capital for a 245-megawatt data center in St. Francisville, Louisiana. The deal - slated to be at least $3 billion - carries initial yield guidance roughly 2.13 percentage points over the benchmark and is being underwritten by Goldman Sachs, JPMorg…
Bank of America raised price targets for Dell and HPE, citing a structural shift toward agentic AI that increases CPU intensity across infrastructure. Analyst Wamsi Mohan increased Dell's target to $246 and HPE's to $38, keeping Buy ratings on both names, while projecting rising demand for AI servers, solution stacks and storage driven by sequenced…
India’s central bank has ordered banks to report over-the-counter foreign exchange derivative contracts involving the rupee that are executed by their group-related entities around the world to the Clearing Corporation of India. The requirement covers both deliverable and non-deliverable contracts, exempts trades under $1 million, and will be phase…
Vinted completed a secondary share sale raising 880 million euros that places the company at an 8 billion-euro valuation. The transaction was led by EQT, Schroders Capital and Teachers' Venture Growth. The platform reported 1.1 billion euros in revenue for 2025, up 38% year-on-year, amid expansion into electronics and homeware and stronger demand t…
A consortium headed by Macquarie Group Ltd. (ASX:MQG) is reportedly finalizing terms to sell Cleco Power, a Louisiana utility, to Stonepeak Partners LP and Bernhard Capital Partners for nearly $6 billion. The transaction, according to a Bloomberg report citing people familiar with the matter, could be announced imminently and is valued between $5.7…
Goldman Sachs has singled out five Buy-rated oil and energy services stocks as the sector moves into a fresh capital expenditure cycle driven by reserve replacement needs and rising demand. The bank points to upside risk in long-dated oil prices, structural tightness in refining markets for diesel and jet fuel, disruptions in the Strait of Hormuz, …
Spotify has struck a global content partnership with Peloton Interactive to embed more than 1,400 Peloton fitness classes into Spotify’s audio and video platform for Premium subscribers, marking Spotify’s first direct entry into wellness content and supporting Peloton’s strategy to broaden its business beyond hardware.
OpenAI will no longer limit its artificial intelligence models and products to a single provider, ending Microsoft's exclusive access and enabling the startup to offer its technology on competing cloud platforms such as Amazon and Google. Microsoft will, however, remain the primary cloud partner for OpenAI and hold a license to OpenAI intellectual …
Microsoft shares fell about 2% and Amazon shares rose roughly 1% after Microsoft and OpenAI announced an amended partnership that ends Microsoft's exclusive rights to OpenAI intellectual property, converts Microsoft’s license into a non-exclusive arrangement through 2032, and alters revenue-sharing mechanics between the companies.
POET Technologies Inc. saw its stock decline sharply after it disclosed that Marvell Semiconductor, which owns Celestial AI, issued written notice on April 23, 2026 canceling all purchase orders. The canceled orders included initial production units first disclosed by POET in April 2023. POET did not disclose the value of those orders but said it i…
A selection of notable insider transactions disclosed on Friday shows company officers and directors making sizable purchases in Sonoco Products, NB Bancorp, Simply Good Foods and OneMedNet, while Magnetar-affiliated funds and Arista's CEO divested large holdings in CoreWeave and Arista Networks. The disclosed trades include multi-thousand and mult…
Global commercial aviation continues to face major disruption after the Iran war prompted the closure of several key Middle Eastern airports. Airlines from a wide range of markets have cancelled or postponed services to destinations including Tel Aviv, Dubai, Doha, Abu Dhabi and Riyadh, with schedules varying by carrier and route.
Commerzbank shares gained after BofA Global Research upgraded the stock to buy and raised its price target, while a looming public takeover offer from UniCredit and an upcoming strategy update keep the bank in a period of heightened scrutiny. BofA highlighted valuation upside and set forward-looking profitability forecasts for the lender under both…
Saudi Arabia's stock market closed higher on Monday, with the Tadawul All Share up 0.42%. Gains were concentrated in the Cement, Energy & Utilities and Retail sectors. Notable performers included Saudi Kayan Petrochemical, Rabigh Refining & Petrochemical and Yanbu National Petrochemical, while several paper and services names recorded declines. Oil…
Northland Capital Markets has cut its rating on Advanced Micro Devices to Market Perform after an 11-year stretch of positive coverage. The firm set a $260 price target and warned that consensus forecasts for 2027 may be too high, pointing to limited gross margin expansion, increased competition from Intel, Nvidia's advantaged position with TSMC, a…
Shares of Greenland Energy Company (NASDAQ:GLND) climbed 20% after the company disclosed a contract with Halliburton to provide integrated consulting services, logistics management and comprehensive well and drilling support for its 2026 Jameson Land onshore campaign. The deal complements earlier partnerships with Stampede Drilling and Desgagnés as…
Critical Metals Corp. plans to acquire all outstanding shares of European Lithium Ltd. through a stock-for-stock transaction that values the deal at approximately $835 million based on Critical Metals’ April 22, 2026 closing price. The announcement sent Critical Metals shares up 7.5% and would give Critical Metals full ownership of the Tanbreez Rar…
Customers Bank has signed a multiyear partnership with OpenAI to automate lending workflows and customer onboarding. The arrangement will embed OpenAI engineers at the bank, with management targeting an efficiency ratio improvement from about 49% to the low 40s and expecting increased returns beginning in 2027. The deal also includes joint developm…
Compass Therapeutics (CMPX) shares plunged 80% after mixed outcomes from its Phase II/III COMPANION-002 trial testing tovecimig plus paclitaxel in second-line biliary tract cancer. The study met the key secondary endpoint of progression-free survival with high statistical significance, but failed to reach overall survival secondary endpoints, a res…
Terns Pharmaceuticals said on Monday that the U.S. Food and Drug Administration has awarded Breakthrough Therapy Designation to its oral allosteric BCR::ABL1 inhibitor, TERN-701, for adults with chronic phase chronic myeloid leukemia without the T315I mutation who have previously received two or more tyrosine kinase inhibitors. The decision was bas…
