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.
14,583 total articles
Var Energi reported a decline in first-quarter net profit despite a jump in revenue driven by record production and higher realised oil and gas prices. The Norwegian producer recorded higher pre-tax and operating profits, maintained its dividend, and reiterated annual production targets while flagging stable production costs.
Tele2 reported a large jump in first-quarter net profit to 6.39 billion Swedish krona, primarily due to cash proceeds from the companys Baltic tower spinoff. Organic operating performance showed modest improvement, with total revenue up 2.5% and end-user service revenue rising 3.4% year-on-year. The operator reaffirmed its 2026 targets for low sin…
SK Hynix has announced a planned investment of about 19 trillion won (roughly $13 billion) to construct a new advanced packaging semiconductor fabrication plant, P&T7, in the Heungdeok district of Cheongju. The facility is intended to strengthen the company’s capacity for high-bandwidth memory used in artificial intelligence applications. Construct…
OpenAI is in discussions to invest up to $1.5 billion in a private-equity-backed joint venture aimed at accelerating enterprise adoption of artificial intelligence tools. The company would initially provide $500 million in equity in a funding round that could peg the venture at about $10 billion, with an option to contribute an additional $1 billio…
Asian markets were largely muted as technology shares retreated and investors processed U.S. President Donald Trump's decision to extend the Iran ceasefire indefinitely. Japan's Nikkei 225 reached a record high, supported by robust export and import figures for March. Regional indices showed mixed moves, with notable weakness in Hong Kong tech name…
Yesway, a Fort Worth, Texas-based convenience store operator, raised $280 million in its U.S. initial public offering by selling 14 million shares at $20 apiece. The offering, priced at the bottom of a marketed range of $20 to $23, values the company at $1.21 billion and comes amid signs of revival in consumer-focused IPO activity.
Yesway Inc. has set the price for its initial public offering at $20 per share for 14 million Class A shares. The offering includes a 30-day overallotment option for up to 2.1 million additional shares at the IPO price, less underwriting discounts. Shares are slated to begin trading on the Nasdaq Global Select Market under the ticker YSWY on April …
Nvidia has approached major South Korean power equipment firms to explore data center infrastructure built around 800 volt direct current (DC) distribution, part of a broader effort to improve power efficiency in facilities that host its processors. The proposal would replace multiple AC-to-DC conversion stages with a single high-voltage DC feed, r…
LG Innotek said it will supply an Automotive Wi-Fi 7 communication module to a major European auto parts company under a contract valued at about $68 million, with mass production scheduled for 2027. The announcement sent the Seoul-listed shares to a record high, reflecting market enthusiasm for the company's mobility business and in-vehicle connec…
South32 has trimmed its full-year production guidance for its Australia Manganese operations to 3 million wet metric tons after wet-season rainfall and disruption from Tropical Cyclone Narelle affected operations at the Gemco mine. Despite the hit to the annual outlook, quarterly production rose year-on-year in both Australia and South Africa.
April 21 - SpaceX advanced several high-profile moves in the run-up to a potential record-breaking initial public offering. The company disclosed an option tied to the $60 billion acquisition of AI coding firm Cursor or a $10 billion partnership alternative, outlined a plan to grant super-voting shares that would lock in founder Elon Musk's control…
Cochlear Ltd reduced its FY26 underlying net profit guidance to A$290 million-A$330 million from A$435 million-A$460 million, citing softer trading in developed markets, capacity constraints, reduced referrals and heightened geopolitical risks. The company's Sydney-listed stock fell 38.2% to A$103.87 by 01:15 GMT, hitting its lowest level since Apr…
Treasury Wine Estates said it will move to a four-region operating model from October 1, aiming to simplify its corporate structure and reduce costs. The announcement, combined with A$300 million in new debt commitments and stronger third-quarter depletions supported by Penfolds in China, sent the stock to its highest intraday level since February …
U.S. stock futures rose in early Asian trading after President Donald Trump said he would extend the Iran ceasefire indefinitely. The move left markets encouraged, though it was unclear whether Iran or Israel would accept the extension. Oil prices held onto recent increases as the Strait of Hormuz remained effectively closed, and the U.S. announced…
U.S. stock-index futures moved higher in after-hours trade following President Donald Trump's announcement that he would extend an existing ceasefire with Iran indefinitely, easing immediate concerns about a near-term escalation in the Middle East. The move followed a weaker regular session in which major benchmarks fell, while energy markets and a…
Samsung Electronics has increased its monthly deliveries of 8GB GDDR6 DRAM to Tesla fourfold in April compared with first-quarter levels, responding to mounting memory requirements from the electric-vehicle maker. The lift in shipments follows production increases at Samsung’s Hwaseong campus and comes against a backdrop of tighter global memory su…
South32 has trimmed its full-year production forecast for its Australia manganese operations after wet-season rainfall and the impact of Tropical Cyclone Narelle forced temporary shutdowns. While March-quarter output for Australia improved versus a year earlier, combined Australian and South African manganese volumes missed analyst consensus.
América Móvil reported a 25.1% increase in first-quarter net profit to 23.40 billion pesos, driven by stronger operating earnings and reduced financing costs. The company added 3.0 million postpaid mobile subscribers, led by 1.3 million in Brazil, and recorded 594,000 new broadband accesses with Mexico and Brazil the primary contributors. Quarterly…
SpaceX announced it is partnering with AI coding startup Cursor and has secured a contractual right to acquire the firm later this year for $60 billion. As an alternative to an outright purchase, SpaceX said it could pay $10 billion for a partnership. The move ties Cursor's developer-focused product to SpaceX's large-scale training compute capacity…
Moderna has initiated a late-stage clinical trial of its experimental bird flu vaccine mRNA-1018 in the United States and the United Kingdom. The phase 3 study will enroll roughly 4,000 healthy adults aged 18 and older. The program is supported by a $54 million investment from the Coalition for Epidemic Preparedness Innovations (CEPI). Moderna said…
Vodafone said it will bring a managed detection and response security offering and an agentic AI customer-engagement product to its small business customers under a $1 billion strategic partnership with Google Cloud agreed in October 2024. The security service, powered by Google Security Operations, will debut in Germany and then expand to other Eu…
The chief science officer for the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR) vacated his post this week, publicly criticizing the administration’s reduction of foreign health assistance and alleging that U.S. aid is being used to press developing countries on commercial and geopolitical deals. The State Department said he left after a…
Capital One reported first-quarter results that fell below analyst expectations after the bank increased its provision for credit losses. While net interest income grew year-over-year, a sequential decline in net interest margin and a larger-than-expected reserve build pressured adjusted earnings per share. Shares slipped in extended trading and th…
General Motors has indefinitely paused its planned next-generation full-size electric truck program that had been slated to begin in 2028. The move affects lower-cost electric variants of the GMC Sierra, Chevrolet Silverado, Cadillac Escalade IQ and Hummer SUV and pickup, and suppliers have been told the program is on hold with no new schedule prov…
Trump Media & Technology Group appointed Kevin McGurn as interim chief executive officer effective immediately. McGurn, an advisor to the company since December 2024 with more than two decades of leadership experience in media and technology, will replace Devin Nunes. The company continues to face challenges scaling its social media business in the…
