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.
14,322 total articles
Asian share prices retreated on Friday after renewed U.S.-Iran military action in the Strait of Hormuz reduced optimism for a near-term end to the conflict. Losses were capped, however, as technology names held some resilience on AI optimism and S&P 500 futures were firmer in Asian trade. Oil’s jump and recent central bank signals added to market c…
Mobia Medical priced a 10 million-share initial public offering at $15 per share to raise approximately $150 million before fees. The Austin, Texas-based medical device company expects its common stock to begin trading on the Nasdaq Global Select Market under the ticker MOBI on May 8, 2026, with the offering due to close on May 11, 2026, subject to…
Odyssey Therapeutics sold 15.5 million shares at $18 each in an upsized U.S. initial public offering, generating $279 million in proceeds. The Boston company will use the funds mainly to advance clinical work on OD-001, a therapy now in a mid-stage trial for ulcerative colitis, and for general corporate purposes. The IPO comes amid a broader resurg…
Odyssey Therapeutics has priced an upsized initial public offering of 15.5 million shares at $18 per share and granted underwriters a 30-day option for up to 2.325 million additional shares. Concurrently, the company agreed to a private placement of 1.388 million shares to an affiliate of TPG Life Sciences Innovations at the same price. Combined gr…
Macquarie delivered its biggest annual profit in three years, surpassing market expectations as its Commodities and Global Markets unit saw sharply higher income driven by client hedging and trading amid volatile commodity markets. The bank's shares reached a record A$249.49 while management signalled an end to further on-market buybacks.
SK Hynix has been approached by several large technology companies with proposals intended to secure future supplies of memory chips. Offers include funding for dedicated production lines and assistance with equipment purchases, including extreme ultraviolet (EUV) lithography machines that carry multi-hundred-million dollar price tags. The chipmake…
SoftBank Corp is engaged in discussions with Nvidia and Foxconn about establishing AI server production in Japan. The plan, as described, is to begin by assembling components procured from outside suppliers by the end of the decade and later transition to managing the entire server manufacturing process domestically.
U.S. stock index futures declined on Thursday evening after fresh military activity in the Strait of Hormuz undercut hopes for a negotiated pause between the United States and Iran. Investors are also focused on April nonfarm payrolls, seeking indications of whether the Middle East conflict has begun to affect hiring and broader interest-rate expec…
Nvidia has made a multi-billion-dollar prepayment to support construction of new Corning glass factories in the United States, a separate arrangement from an equity stake disclosed earlier this week. Company leaders confirmed the prepayment and said the factories will expand U.S. production capacity substantially and create thousands of jobs; the e…
A new round of exchanges between U.S. and Iranian forces unsettled markets on Friday, sending oil futures higher while U.S. equity futures edged lower. The incidents, taking place near the Strait of Hormuz, have cast doubt on a month-long ceasefire and pushed the dollar up from recent lows as investors awaited U.S. non-farm payrolls data.
Starlink AI Acquisition Corporation completed pricing for its initial public offering of 10 million units at $10 per unit, generating $100 million. Incorporated in the Cayman Islands, the blank-check firm expects its units to start trading on the New York Stock Exchange under the symbol OTAIU on May 8, 2026, with the IPO projected to close on May 1…
Wynn Resorts reported first-quarter adjusted earnings per share of $1.25, exceeding analyst expectations of $1.18, driven in part by stronger results from its Macau properties. The company said adjusted profit from its Macau operations rose by more than 10% in the quarter. Total operating revenue increased 9.2% year-over-year, and shares were sligh…
Devon Energy's board approved an $8 billion share repurchase program and a higher quarterly dividend after closing its $58 billion all-stock merger with Coterra Energy. The buyback equals roughly 15% of the combined company's market capitalization, will run through June 30, 2029, and management said it will be opportunistic in its execution.
Nvidia will invest up to $2.1 billion in data center operator IREN under an agreement designed to accelerate large-scale AI facility deployments. The arrangement includes rights to purchase IREN shares, contemplates the buildout of as much as 5 gigawatts of infrastructure and highlights a focus on IREN’s 2-gigawatt Sweetwater campus in Texas. IREN …
SK Hynix has received numerous, unusual proposals from large technology firms seeking to secure memory chip supply. Offers include direct investments in dedicated memory production lines and financing of costly tools such as ASML's EUV lithography machines. The overtures highlight a global shortage of memory chips driven by rising AI-related demand…
Louisiana has asked the U.S. Supreme Court to deny emergency relief sought by two manufacturers of mifepristone and to uphold a lower court decision that restricts telemedicine prescribing and mail distribution of the medication. The filing by Republican Attorney General Liz Murrill argues the FDA rule issued during the Biden administration has ena…
Mexico's benchmark S&P/BMV IPC finished the trading day up 0.24%, supported by advances in Industrials, Consumer Goods & Services and Consumer Staples. Leading gainers included Industrias Penoles, Genomma Lab and Grupo Carso, while Cemex, FEMSA and Kimberly-Clark de Mexico were among the largest decliners. Commodity and currency moves were mixed, w…
Colombian equities closed lower on Thursday with the COLCAP index down 0.98%. Sector losses in Financials, Investment and Public Services pressured the market. Mineros SA was the session's top gainer, while Ecopetrol SA posted the largest decline. Movements in key commodities and local currency pairs provided additional market context.
Russian equities retreated at Thursday's close as losses clustered in the Oil & Gas, Mining and Manufacturing sectors. The MOEX Russia Index dropped 0.74% to a new 3-months low, with declining issues outnumbering advancers by more than two-to-one and the Russian Volatility Index edging higher.
Monster Beverage reported first-quarter results that exceeded Wall Street expectations, driven by robust demand in its energy drinks segment. Net sales rose sharply year-over-year, and adjusted earnings per share beat estimates. The company's energy drinks unit saw substantial revenue growth while its alcohol brands declined modestly. Shares moved …
After the market close a range of technology, fintech, cloud and aerospace companies moved sharply on quarterly results and forward guidance. Some firms posted clear beats and raised outlooks, lifting shares, while others missed expectations or issued cautious near-term guidance that pressured their stock prices. Notable moves included double-digit…
Barclays has published its shortlist of top names within semiconductors and semiconductor capital equipment, driven by demand for AI compute infrastructure and data center technology. The bank ranks Nvidia first, followed by Broadcom, Credo Technology and MACOM Technology Solutions, citing leadership positions, technological moats and exposure to s…
IREN Limited announced a strategic collaboration with NVIDIA to roll out as much as 5 gigawatts of AI-focused data center capacity and separately agreed to an acquisition in Spain that adds roughly 490 megawatts of secured grid power. The partnership includes a five-year option for NVIDIA to buy up to 30 million IREN shares at $70 each, subject to …
Vernal Capital Acquisition Corp. completed an offering of 10 million units at $10.00 each, raising $100 million. Units began trading on the New York Stock Exchange on May 6, 2026 under the ticker for units, and the company also closed a concurrent private placement. Net proceeds from the public and private sales were deposited into a trust while th…
Microchip Technology issued first-quarter revenue guidance that exceeds analyst projections, attributing the outlook to resilient demand in industrial and automotive markets, rising orders from AI data centers and steady aerospace and defense spending. The company also reported quarterly results that topped estimates and highlighted expanding custo…
