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.
13,993 total articles
Shares of State Bank of India climbed to an intraday record after the bank posted a 24.5% year-on-year rise in standalone net profit for the December quarter of fiscal 2026. Robust net interest income and non-interest income supported the results, while management raised full-year credit growth guidance.
Innovent Biologics shares jumped in Hong Kong after the company announced a new development partnership with Eli Lilly focused on oncology and immunology. Innovent will receive a $350 million upfront payment and could collect up to $8.5 billion in additional payments tied to future milestones. The deal is the seventh collaboration between the two f…
KDDI Corp said it will record an estimated 246 billion yen ($1.6 billion) charge tied to an internal investigation that found fictitious sales at two advertising-related subsidiaries. The announcement triggered a steep drop in the company’s shares and led KDDI to delay its third-quarter financial disclosure until the probe concludes.
SpaceX CEO Elon Musk said the company has pivoted to prioritize building a 'self-growing' city on the Moon, a goal he said could be reached in under 10 years. Musk contrasted the lunar timetable with a longer 20+ year horizon for Mars, while also saying work on a Mars city will begin in five to seven years. His remarks come as SpaceX readies a plan…
Jimmy Lai, the 76-year-old founder of the defunct Apple Daily tabloid, was handed a total prison term of 20 years after being convicted on two counts of conspiracy to collude with foreign forces and one count of publishing seditious materials. The sentence ends one of Hong Kong's most prominent national security prosecutions, a process that began w…
Most Asian equity markets rallied sharply on Monday, building on a late-week rebound in U.S. technology shares. Japan led the move higher after Prime Minister Sanae Takaichi’s ruling coalition won a commanding lower-house majority, sending the Nikkei 225 to a record high above 57,000. Technology and chip-related stocks across the region outperforme…
Taiwan's vice premier pushed back on U.S. calls for a large transfer of semiconductor production to America, saying relocating 40% of the island's capacity is unattainable. Taipei signalled it will continue to grow its domestic ecosystem while increasing targeted investment and knowledge-sharing in the United States under existing agreements.
Jack Lang has resigned as president of the Arab World Institute after documents showed years of correspondence with financier Jeffrey Epstein and triggered a French financial probe into suspected aggravated tax fraud laundering involving him and his daughter Caroline. Lang denies wrongdoing and has been summoned by the Foreign Ministry as scrutiny …
Japanese equities rose to fresh record highs while government bond yields climbed and the yen fell to new lows against the Swiss franc after Prime Minister Sanae Takaichi's Liberal Democratic Party secured a commanding victory in a snap election. The LDP captured 316 of 465 lower house seats, giving it a supermajority and the ability to pass legisl…
Hims & Hers has stopped providing access to a $49 compounded version of Novo Nordisk’s Wegovy after the U.S. Food and Drug Administration said it would take action and restrict GLP-1 ingredients used in compounded drugs. The company paused the offering following conversations with industry stakeholders and regulator warnings that raised questions a…
Australian AI infrastructure developer Firmus has finalised a $10 billion debt funding arrangement led by Blackstone and Coatue Management to finance the next phase of Project Southgate, its program to build AI training and inference infrastructure including data centres. The project, undertaken with CDC Data Centres and Nvidia, is targeted to reac…
American Airlines CEO Robert Isom has told the Allied Pilots Association he will meet with union leadership as soon as possible after pilots raised concerns about the carrier's handling of a recent January storm and broader operational and strategic issues. The pilots, who represent more than 16,000 fliers, have asked management to present their co…
Samsung Electronics shares rose sharply following a local media report that the company will commence large-scale production of HBM4 memory chips later this month. The report, citing industry sources, said Samsung has passed Nvidia's quality checks and secured purchase orders, with shipments potentially starting as soon as next week after the Lunar…
Kroger is set to appoint Greg Foran, a former architect of Walmart's U.S. turnaround and ex-CEO of Air New Zealand, as its next chief executive, people familiar with the matter said. The move concludes an almost yearlong hunt for a permanent leader after Rodney McMullen left the company amid an undisclosed ethics violation. Foran will inherit a com…
U.S. President Donald Trump publicly congratulated Japan’s newly installed Prime Minister Sanae Takaichi after her coalition won a commanding victory in lower house elections over the weekend. Trump, who had endorsed her before the vote, used social media to express his support for her agenda, which includes proposed tax reductions and stepped-up m…
Japan’s benchmark stock indices opened at record levels after Prime Minister Sanae Takaichi’s Liberal Democratic Party won a commanding majority in lower house elections. The Nikkei 225 surged over 5% to a fresh high, while the TOPIX also set a record. Investors responded positively to promises of expanded fiscal stimulus, tax cuts and infrastructu…
U.S. stock futures rose modestly Sunday evening as markets reacted to a late-week rally led by technology and chip stocks. Investors remain cautious ahead of delayed January employment and consumer price index reports due later this week, while several major companies are scheduled to report quarterly results.
Bank of America analysts expect investor inflows into Japanese equities to resume after weekend lower house election results are confirmed. Polls indicated Prime Minister Sanae Takaichi was poised for a decisive win, potentially securing an absolute majority or even two-thirds of seats. Political clarity, the bank said, would remove a near-term con…
DBS Group’s fourth-quarter net profit declined 10% year-on-year to S$2.36 billion, weighed down by lower interest rates and narrower lending margins despite stronger fee income from wealth management and investment banking. Net interest income fell and net interest margin contracted, while the bank raised its final dividend amid guidance that 2026 …
Anta Sports has accelerated its international expansion through a series of acquisitions, most recently a $1.8 billion purchase of a 29% stake in Puma. Built from a Fujian workshop into a global conglomerate, Anta now controls a leading share of China’s sportswear market and is using brands such as Amer Sports and Puma to extend reach into premium …
The MOEX Russia Index finished the session in Moscow unchanged, with a handful of individual stocks posting notable moves. ROSSETI PJSC was listed among the session's top performers despite an unchanged point move; Bank VTB and Unipro advanced, while Severstal, Aeroflot and MTS were among the decliners. Market breadth favored advancers, and volatil…
The United States will deliver an initial payment toward the billions it owes the United Nations within weeks, the U.S. ambassador to the U.N. said, while reiterating Washington's push for deeper reforms of the world body. The announcement follows a January 28 letter from U.N. Secretary-General Antonio Guterres warning of an acute liquidity shortfa…
Angola is pursuing a 20%-30% ownership stake in De Beers, according to a senior Angolan mining official. The revised target is part of ongoing discussions with neighbouring diamond-producing African states as they consider coordinated positions on ownership and benefits. Angola previously lodged a bid for a majority stake in De Beers in October 202…
Israel's Competition Authority announced plans to impose a 121 million shekel fine on El Al Israel Airlines for what it calls excessive and unfair ticket pricing during the Gaza war. The regulator reviewed fares between October 7, 2023 and May 2024, finding El Al acted as a monopoly on many routes and raised prices by an average of 16%, in some cas…
Morgan McSweeney, British Prime Minister Keir Starmer’s chief of staff, has resigned after acknowledging his role in recommending Peter Mandelson for the post of ambassador to the United States. The appointment has prompted intense criticism of Starmer’s judgment after files revealed Mandelson’s ties to the late sex offender Jeffrey Epstein, a deve…
