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.
13,971 total articles
Moody's has upgraded Telecom Italia's long-term corporate family rating to Ba1 from Ba2 and raised its probability of default to Ba1-PD from Ba2-PD. The ratings agency also upgraded senior unsecured debt ratings for Telecom Italia and related subsidiaries to Ba1 from Ba2, while keeping a stable outlook. The move reflects improved credit metrics dri…
PrimeStone Capital, holder of roughly 0.5% of Intertek Group plc, has publicly pressed the company’s board to meaningfully engage with EQT’s acquisition proposal of £59.1 per share, asking for supervised due diligence access and urging a more pragmatic valuation assessment while flagging governance and timing issues.
Starbucks disclosed in a WARN filing that 61 corporate technology positions at its Seattle headquarters will be eliminated, with the layoffs slated to begin in June. The company says the action is not a result of relocation, and the move was not part of a previously announced shift of some technology roles to a new supply-chain office in Nashville.…
OpenAI has offered the European Commission access to its cybersecurity capabilities under a proposed EU Cyber Action Plan, while Anthropic has not made a comparable offer and discussions with it remain at an early stage, Commission officials said on Monday. George Osborne, who leads OpenAI’s 'OpenAI for Countries' initiative, outlined the proposal …
Redwood Materials has named Deepak Ahuja, who served as chief financial officer at Tesla in two separate stints, as its new finance chief. The appointment arrives as the battery recycling firm pursues expansion of critical minerals supplies and deploys energy storage systems to serve grids and data centers. Ahuja most recently held senior roles at …
HSBC downgraded The Trade Desk to Reduce from Hold and cut its price target to $20 from $31, citing a weakening relationship with global agency partners, intensifying competition in demand-side platform (DSP) markets, and uncertainty around the firm's AI advertising opportunity. The bank also trimmed 2026-2027 revenue and EPS estimates and applied …
Hertz Global Holdings (NASDAQ:HTZ) shares climbed 5.12% Thursday after the car rental company reported first-quarter revenue that beat analysts' expectations. The firm recorded $2.0 billion in revenue versus the $1.88 billion consensus, while reporting a loss per share of $0.72 compared with the $0.71 estimate. Management kept full-year guidance in…
Lufthansa Group has placed an order for 20 long-haul aircraft — ten Airbus A350-900s and ten Boeing 787-9s — at a combined list price of $7.7 billion. The deal, approved by Deutsche Lufthansa AG’s Supervisory Board on Monday after an earlier Executive Board decision, schedules deliveries from 2032 to 2034 and is intended to modernize the fleet, red…
A bipartisan group of U.S. senators urged President Donald Trump to resist concessions to China on maritime trade and to implement trade remedies proposed to rebuild the U.S. shipbuilding sector ahead of his meeting with Chinese President Xi Jinping. The senators emphasized the need to continue port fees and advance legislation offering tax incenti…
Telus plans to develop two facilities in Vancouver and expand an existing data center in Kamloops to accommodate artificial intelligence workloads. The three sites are expected to draw more than 150 megawatts of electricity by 2032, with staged openings beginning later this year and a downtown Vancouver facility scheduled to start operations in 202…
Applied Materials shares climbed after the company announced a formal innovation collaboration with TSMC at its Silicon Valley EPIC Center, coupled with elevated analyst price targets and an upcoming Q2 earnings report. The multi-faceted development - including the $5 billion EPIC Center and raised forecasts from Cantor Fitzgerald and Morgan Stanle…
United Parks & Resorts Inc. (NYSE: PRKS) shares declined 5.56% after the operator reported first-quarter results that fell short of Wall Street forecasts on multiple metrics. The company posted a wider-than-expected per-share loss, revenue below consensus, and adjusted EBITDA that came in roughly $5 million under estimates. Management cited adverse…
Sony Music Publishing announced plans to buy the full catalog of Recognition Music Group from funds managed by Blackstone, gaining control of a library of over 45,000 songs that includes works by Beyonce, Fleetwood Mac and Rihanna. Companies declined to reveal the price; a person familiar with the transaction said the deal was for roughly $4 billio…
Michael Burry has advised investors to cut back on technology stock holdings, warning that current market conditions resemble historical speculative bubbles. He recommended raising cash and warned that short-selling is risky and generally unsuitable for most investors, while noting he holds a significant leveraged short position against a group of …
The family of Tiru Chabba, a victim of a 2025 mass shooting at Florida State University, has filed suit in federal court in Florida accusing OpenAI and the alleged shooter, Phoenix Ikner, of enabling the attack through interactions with ChatGPT. The complaint says the chatbot provided information used in planning the shooting and failed to flag or …
Italy's competition regulator has begun a formal investigation into a preliminary network-sharing agreement between Fastweb and Telecom Italia announced in January. The probe will determine whether the companies' plan to jointly build and share 5G infrastructure in less densely populated areas of Italy violates competition laws. The authority set a…
The Texas attorney general has sued Netflix, alleging the streaming company deliberately collected and monetized viewers' behavioral data without proper consent, including data from profiles marketed to children. The filing accuses Netflix of rebranding as a "logging company," using design features to increase data capture, and sharing information …
Electrolux will lay off 1,700 workers in Italy and close its kitchen hood plant in Cerreto d'Esi, unions said. The cuts amount to more than 40% of the company’s Italian workforce, which totals 4,500 across five plants. Unions cited weak European demand, rising production costs and competition from Asian manufacturers; an eight-hour strike has been …
A wide range of international airlines have revised schedules and pulled routes to or over the Middle East in response to severe disruption from the Iran war, with many suspensions and cancellations extending into the summer and autumn. The changes affect passenger services between Europe and Asia, intra-regional links and long-haul routes, prompti…
General Motors is set to cut between 500 and 600 salaried positions within its information technology organization as part of a cost-cutting and workforce restructuring initiative. Management began notifying affected staff on Monday morning, according to people familiar with the situation. The company confirmed the eliminations and characterized th…
The Prudential Regulation Authority warned that the most recent generation of artificial intelligence models could create significant disruption across financial services. PRA chief Sam Woods said these systems are increasingly able to pinpoint weaknesses in banking systems, and that slow patching is a major cause of outages. He called for firms to…
Arxis Inc., which completed its public listing in April, was initiated with Buy-equivalent ratings by Goldman Sachs, Morgan Stanley and Robert W. Baird & Co. Analysts praised the aerospace and defense supplier’s acquisition-driven growth model, extensive portfolio of proprietary components and diversified customer base, while assigning price target…
Mountain Crest Acquisition 6 Corp. completed its initial public offering on May 1, 2026, bringing in $60 million through the sale of 6 million units at $10 apiece. The units, which began trading on the Nasdaq Global Market under the ticker MCAHU on April 30, 2026, consist of one ordinary share and one right. The company granted the underwriter a 45…
Corning stock climbed sharply in mid-day trading, reaching a new 52-week high after being named to Bank of America's US 1 List and following a string of company announcements and analyst moves. A multiyear manufacturing partnership with Nvidia, large planned expansions of U.S. optical and fiber capacity, an upgraded long-term Springboard revenue ta…
The lone Democratic commissioner at the Federal Communications Commission says Disney and its ABC stations are being targeted by a coordinated censorship effort by the Trump administration, citing expedited license reviews, probes into programming, and prior political pressure including a settlement involving ABC News.
