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.
14,257 total articles
Snap Inc. shares fell 1.6% in premarket trading after the European Commission initiated an investigation under the Digital Services Act to determine whether Snapchat has adequate protections against child grooming and the sale of illegal or age-restricted products on its platform. The probe follows concerns that Snapchat’s account settings, moderat…
Morgan Stanley lowered its rating on Redeia to equal-weight from overweight and cut the price target from €18 to €15 after the company's strategic plan to 2029 implied slower RAB and net income growth than expected. The bank sees virtually no EPS expansion to 2028 once hybrid issuances are accounted for, raises the Spanish transmission WACC assumpt…
Novocure reported positive topline results from its Phase 2 PANOVA-4 trial testing Tumor Treating Fields (TTFields) with atezolizumab and gemcitabine/nab-paclitaxel in first-line metastatic pancreatic ductal adenocarcinoma. The study met its primary endpoint with a statistically significant improvement in disease control rate versus a historical co…
Kodiak Sciences saw a notable stock uptick after releasing topline results from GLOW2, its second Phase 3 trial of Zenkuda (tarcocimab tedromer) for diabetic retinopathy. The trial met its primary endpoint with statistically significant improvement in diabetic retinopathy severity score and reported a marked reduction in sight-threatening complicat…
The European Commission has opened a formal investigation under the Digital Services Act into Snapchat, owned by Snap, citing suspected shortcomings in preventing child grooming and the distribution of information enabling the sale of illegal or age-restricted products. Regulators say Snapchat’s age-assurance, default settings and reporting mechani…
Bernstein downgraded Qualcomm from Outperform to Market-Perform and trimmed its price target to $140 from $175, citing rising mobile DRAM and NAND costs that could depress smartphone builds and a faster-than-expected decline in Apple-related modem revenue. Analyst Stacy Rasgon warned that Wall Street estimates look too optimistic and that announced…
Despite a near 4% drop in the S&P 500 since the Iran conflict began and a more than 30% surge in oil, Wall Street continues to expect solid first-quarter earnings growth for the S&P 500. Strategists and company commentary point to corporate resilience, though forecasters warn sustained higher oil could erode GDP and tweak consensus profit estimates…
Morgan Stanley defended U.S. memory-chip equities after a sharp pullback, arguing the move largely represents a market re-pricing of durability concerns rather than a structural weakening of demand. Analyst Joseph Moore reiterated Overweight ratings on Micron Technology and SanDisk, saying traditional cycle-peak signals have triggered profit-taking…
UBS has cut its rating on Indian equities from Attractive to Neutral, pointing to the country's reliance on imported energy and its sensitivity to sustained oil price pressure amid an ongoing Middle East conflict. The bank highlights valuation risks for MSCI India, potential strains on the current account and corporate profits from higher energy co…
Morgan Stanley defended shares linked to memory chips after a near-term market selloff, keeping an overweight stance on Micron Technology and SanDisk. The firm argues that tightening supply fundamentals - especially as memory becomes a bottleneck for AI infrastructure and agentic CPU builds - will underpin the sector, and that recent price moves am…
Barclays told clients that the combination of a sudden energy-price shock and accelerating AI-driven corporate investment supports remaining overweight U.S. equities. The bank highlighted resilient earnings momentum, adjusted valuations in Big Tech, and a policy gap between the Federal Reserve and the European Central Bank as reasons to favor the U…
Cathay Pacific has implemented a 34% increase in fuel surcharges across all ticket categories and shifted to a biweekly review cadence for these levies. The long-haul surcharge will rise to HK$1,560 per ticket and short-haul charges will move to HK$389, both effective April 1. The airline said the move follows a surge in fuel costs that its existin…
Nexi announced that Bernardo Mingrone, its outgoing chief financial officer, will take over as chief executive from Paolo Bertoluzzo. The leadership change coincided with an early trading decline for Nexi shares in Milan, where the stock underperformed a broadly weak market. Mingrone, a decade-long company executive, disclosed a purchase of Nexi sh…
Morgan Stanley raised STMicroelectronics to "overweight" from "equal-weight" and increased its price target to €36, pointing to a surge in demand from data centres and nascent improvement in industrial markets. The bank projects steep data-centre revenue growth through 2028, lifted its revenue and adjusted EPS forecasts for 2026 and 2027, and outli…
Corebridge Financial and Equitable Holdings have signed a definitive agreement to merge in an all-stock transaction valued at about $22 billion, based on recent closing prices. The combined business will serve more than 12 million customers, oversee $1.5 trillion in assets under management and administration, and operate across retirement, life ins…
Jurors in the first two U.S. trials over claims that social media platform design harmed children found Meta and Google liable, awarding plaintiffs millions and bypassing Section 230 protections by targeting platform design choices. The rulings, and planned appeals, may force appellate and potentially Supreme Court scrutiny of how broadly Section 2…
In South Bend, Indiana, pockets of growth tied to solar, defense and large corporate projects coexist with declines across several traditional manufacturing lines. CEOs and plant managers describe a patchwork environment in which federal incentives and tariffs lift some product lines while casting doubt on others, producing uneven investment decisi…
UBS reduced its 2026 year-end target for the STOXX 600 index to 630 from 650, attributing the revision to heightened energy supply risks stemming from continued disruption in the Strait of Hormuz and a more adverse distribution of macroeconomic outcomes. The firm still assumes 7% earnings growth and a forward P/E of 15.5x, but warns that the durati…
Deutsche Bank upgraded Leonardo SpA to a buy from hold and lifted its price target to €70 from €57 after the Italian defence group set medium-term 2025-2030 targets. The broker described the company’s 9% sales CAGR and 15.5% EBITA CAGR as attainable, pointing to efficiency gains, potential upside in specific units and order momentum linked to geopo…
French builder Vinci has entered into an agreement to acquire the Safeway Concessions portfolio from Macquarie Asset Management for about 150 billion Indian rupees, or $1.60 billion on a debt- and cash-included basis. The package includes nine tolled highway concessions in southeast and western India, totaling almost 700 kilometers and operating un…
A conflict centered around Iran has disrupted oil and petrochemical flows through the Strait of Hormuz, triggering steep price increases and supply shortages in naphtha and other crude derivatives. The shock is reverberating across Asia’s manufacturing and consumer sectors - from instant noodles and snacks to cosmetics, toys and tyres - forcing pro…
Edenred SA shares dropped more than 12% after Italy's competition authority launched an investigation into Edenred Italia over alleged abuse of a dominant position in the meal voucher market. Authorities carried out inspections at company premises and are probing transaction handling changes introduced after caps on reimbursement fees.
On March 26, South Korea's industry ministry said the Financial Services Commission's advisory board approved a 250 billion won ($166 million) direct investment into Rebellions, a domestic startup that designs neural processing units. The funding, approved at a fund management committee meeting for the state-led National Growth Fund, is intended to…
Shares of 3i Group fell more than 4% on Thursday after the firm released a trading update showing weaker recent like-for-like sales momentum at its flagship portfolio business Action. Despite the softer short-term trading signal, 3i left its full-year 2026 outlook intact, including guidance on sales growth, store openings and margin expectations.
Google's top legal executive in India, Bijoya Roy, has resigned after 16 months on the job, according to two sources. Her departure comes as the company contends with multiple regulatory and legal challenges in India, and while a government relations head remains absent. The company is simultaneously pursuing a large AI infrastructure investment in…
