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.
14,585 total articles
Organon & Co shares climbed in after-hours trading after a report said Sun Pharmaceutical Industries is preparing a $13 billion binding, all-cash offer to acquire the women's health company. The proposed transaction is reported to be fully financed by JP Morgan, MUFG and Citi, and Sun would integrate Organon into its operations without issuing Sun …
Canon reported a substantial decline in first-quarter net and operating profits and trimmed its full-year outlook, citing cost pressures that narrowed margins despite modest revenue increases. The Tokyo-listed company's shares fell nearly 7% as imaging gains were offset by weaker results in printing, medical and industrial businesses. Management re…
Renesas Electronics posted a substantial increase in first-quarter profit and revenue driven by broad-based strength in automotive and industrial markets. Despite the beat, shares fell after investors locked in gains following several days of sharp advances. The company provided a first-half non-GAAP revenue outlook that implies continued growth an…
In its S-1 registration statement, SpaceX says provisions of Texas law, together with language in its charter and bylaws, could make takeovers, tender offers and proxy contests more difficult, and require would-be acquirers to negotiate directly with the company. The filing frames Texas statute protections as a deterrent to coercive or inadequate t…
U.S. stock index futures gained modestly in after-hours trading following remarks from President Donald Trump that Israel and Lebanon agreed to extend their ceasefire by three weeks. The move came after a down day for equities in the regular session, with energy prices climbing above $100 a barrel amid ongoing tensions around the Strait of Hormuz. …
Cisco this week revealed a switching chip designed to interconnect quantum computers built on differing technologies. The device operates at room temperature and uses standard telecommunications fiber-optic cables to translate between systems such as laser-driven atomic platforms and superconducting qubits. Cisco positions the switch as infrastruct…
Singapore is being repositioned from a gateway between East and West to a neutral operational base for artificial intelligence firms. Chinese startups use the island to distance operations from Beijing oversight, while U.S. companies and investors tap Singapore for talent and intellectual property certainty as visa rules tighten and export controls…
On April 23, X-Energy, a Rockville, Maryland-based developer of small modular nuclear reactors backed by Amazon, raised $1.02 billion in an upsized U.S. initial public offering. The company sold 44.3 million shares at $23 apiece, above the marketed $16 to $19 range, and will begin trading on the Nasdaq under the symbol XE.
X-energy Inc. set its initial public offering price at $23 per share, selling 44.3 million Class A shares and granting underwriters a 30-day option to buy another 6.6 million shares. The company, which develops small modular nuclear reactors and fuel technology, expects its shares to begin trading on the Nasdaq Global Select Market on April 24, 202…
President Donald Trump said his administration will review how banks, particularly Wells Fargo, are treating homeowners affected by the Los Angeles wildfires, following a meeting with Los Angeles Mayor Karen Bass and Los Angeles County Supervisor Kathryn Barger. Local officials said the discussion covered FEMA, rebuilding funds, insurance company o…
Fortescue reported a modest rise in iron ore shipments for the third quarter, driven by stronger hematite volumes and notable gains at its Iron Bridge project. Despite a year-on-year improvement, quarterly shipments narrowly missed the Visible Alpha consensus. The miner also trimmed its Iron Bridge shipments outlook after weather-related disruption…
SpaceX obtained a $20 billion bridge loan last month to refinance several existing borrowings as it prepares to file for a U.S. initial public offering. The new facility replaced five prior debt deals tied to the company and affiliated businesses, and includes provisions that could compel repayment with IPO proceeds if other funding is not arranged…
President Donald Trump said on April 23 that Navy Secretary John Phelan was removed from his post following disagreements with senior Pentagon leaders centered on shipbuilding and procurement. Trump described Phelan as a "hard charger" who clashed with others over building and buying new ships. Pentagon officials have not publicly explained the dep…
SAP reported a 17% rise in first-quarter profit, outpacing analyst estimates, driven by robust cloud demand. The company kept its 2024 full-year revenue outlook intact, including cloud growth of 23% to 25%, while warning that the outlook depends on a de-escalation of the Middle East conflict. Key top-line and operating-profit metrics beat consensus…
A group of 15 Democratic members of the U.S. House of Representatives sent a letter urging major retail and shipping CEOs to pass along any refunds they obtain from tariffs imposed during the Trump administration to the consumers who paid higher prices. The lawmakers requested commitments that refunds not be used for buybacks or executive pay and s…
SpaceX warned in a recent S-1 prospectus that multiple regulatory inquiries into sexually abusive imagery generated by its xAI unit could threaten access to certain markets. The filing outlines active probes worldwide into the use of AI for harmful content and cites allegations that xAI’s chatbot Grok produced nonconsensual explicit images and sexu…
Bob Iger has rejoined Thrive Capital in an advisory capacity, founder Josh Kushner said on X. Iger will help the firm's investment staff and advise founders in Thrive's portfolio. The move follows Iger's recent departure as CEO of Disney and continues a relationship that began when he joined Thrive as a venture partner in September 2022.
Mexico's main index closed lower, with the S&P/BMV IPC ending the session down 0.30% as declines in Industrials, Consumer Goods & Services and Consumer Staples weighed on the market. Market breadth favored decliners, and several large-cap names posted significant single-session moves. Commodities and foreign exchange markets saw notable price chang…
Colombia’s main equity gauge, the COLCAP, ended Thursday’s session down 1.37% as losses concentrated in Financials, Investment and Public Services weighed on the market. A handful of stocks posted gains, but declines outnumbered advances on the exchange. Commodities and currency pairs showed mixed moves in parallel trading.
Russia's main equity gauge finished higher on Thursday, driven by advances in Power, Oil & Gas and Manufacturing shares. The MOEX Russia Index closed up 0.48%, with Rosneft, the Moscow Exchange and Surgutneftegas among the session's strongest performers. A handful of industrial and transport names, including Magnitogorsk Iron & Steel and Ae…
Raymond James increased its price target on Southwest Airlines to $55 from $45 and maintained an Outperform rating, pointing to an attractive asymmetric risk/reward and widespread investor skepticism. The firm pushed back on critiques that Southwest's second-quarter 2026 revenue outlook undermines the sustainability of its relative margin recovery …
AbbVie said the U.S. Food and Drug Administration declined to approve its experimental botulinum toxin treatment, trenibotulinumtoxinE, requesting additional manufacturing information while not raising safety or efficacy issues. The treatment, studied in more than 2,100 patients and shown to act quickly with a brief duration, faces a regulatory fol…
Nike will eliminate roughly 1,400 positions worldwide, with the majority concentrated in its technology organization, as part of a broader 'Win Now' restructuring. The move also includes changes to manufacturing and supply-chain roles and follows earlier staff reductions in January totaling 775 positions.
Elon Musk said Tesla will use Intel’s next-generation 14A manufacturing process at its planned Terafab complex, beginning with a research fab at the Giga Texas campus. The initiative is intended to prototype ideas and support Tesla, SpaceX and xAI chip needs, but major questions remain about scale, funding, timelines and who will operate full-scale…
Speaking from the Oval Office, President Trump said he would not use a nuclear weapon against Iran, asserting that U.S. forces had already 'decimated them without it.' He reiterated that nuclear arms should never be used and said any rearmament during a recent two-week cease-fire could be neutralized by the U.S. in about one day.
