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.
7,477 total articles
Legora, a Sweden-based legal artificial intelligence company, said it has closed a $550 million Series D round valuing the business at $5.55 billion. The funding will be used to speed expansion across the United States, build local teams and infrastructure, and support customers as they integrate AI into core workflows. The company expects to open …
Turkey's BIST 100 closed higher on Wednesday, lifted by gains in Wholesale & Retail Trade, Leasing & Factoring and Insurance sectors. Market breadth, however, showed more decliners than advancers. Commodities moved sharply, with crude and Brent rising and gold futures falling. The lira was mixed versus the dollar and euro, and the U.S. Dollar Index…
Gracenote, the Nielsen-owned metadata provider that catalogs and describes movies and television, filed a federal lawsuit in Manhattan against OpenAI alleging the company used Gracenote’s copyrighted metadata to train ChatGPT without permission. The complaint says ChatGPT can reproduce Gracenote’s content descriptions and identifiers for major tele…
Rapid declines in used electric vehicle (EV) prices, combined with improvements in battery life, over-the-air software updates and charging infrastructure, are bringing more Americans into the pre-owned EV market. With federal incentives waning and new vehicle prices high, used EVs are closing the cost gap with gasoline cars and expanding inventory…
Analysts reacted positively to Howmet Aerospace's recent investor day, citing strong end-market trends in commercial aircraft, anticipated growth in industrial gas turbine revenue and durable defense demand. RBC Capital Markets raised its price target to $300 and reiterated an Outperform rating, while Jefferies and Morgan Stanley also maintained fa…
Stryker Corporation saw its shares decline after a report that an Iran-linked hacking group breached the company’s systems, triggering a global outage. Employees were told to avoid powering on company devices and to disconnect from networks as investigators and staff assess the scope of the disruption.
Meta said it has developed four in-house artificial intelligence chips under its MTIA family and plans to deploy multiple new generations over the next two years to support recommendation engines and generative AI inference workloads. The company described a faster-than-normal chip cadence driven by rapid data center capacity growth and heavy capit…
Stocks across market-cap tiers experienced notable volatility on Wednesday. Major technology names including Oracle and several chipmakers rose, while other companies such as AeroVironment and Kosmos Energy recorded declines tied to earnings, guidance and financing announcements. Movers ranged from mega-caps above $200 billion to small-cap issuers …
Since February 28, a series of maritime attacks in the Gulf and the Strait of Hormuz have damaged or disabled multiple merchant vessels, prompted crew evacuations and resulted in at least one fatality. The incidents, occurring between March 1 and March 11, have involved a range of vessel types flagged to different countries and were reported by shi…
KKR's public private credit vehicle has encountered market pressure, prompting the firm to view non-traded private credit funds as a more attractive opportunity. CFO Robert Lewin said most of KKR's direct lending sits outside the private BDC space, and that KKR FSK Capital Corp. has experienced near-term return pressure tied to subordinated exposur…
The Bureau of Labor Statistics' Consumer Price Index data for February show airfares rose 7.1% year-over-year, a marked acceleration from January's 2.2% increase. Overall CPI was unchanged from January at a 2.4% year-over-year increase, while monthly CPI climbed 0.3%. Core CPI rose 2.5% year-over-year. Seasonally adjusted airfares increased 1.4% fr…
KKR's publicly traded private credit vehicle has encountered performance pressure in the near term, the firm's CFO said, but the company identifies potential opportunity in non-traded private BDCs. Chief Financial Officer Robert Lewin reported that a minority portion of KKR's direct lending capital sits in BDC format and that most of that allocatio…
U.S. President said in a phone interview that targets in Iran are nearly exhausted and the campaign could end soon, remarks that briefly lifted the S&P 500. U.S. and Israeli officials nonetheless indicated strikes may continue for at least two more weeks, and intelligence suggested Iran began laying mines in the Strait of Hormuz, prompting U.S. act…
Bernstein upgraded J.M. Smucker to Outperform from Market-Perform and lifted its price target to $145 from $121 after observing a sharp drop in green coffee costs and noting the potential impact of activist investor Elliott Investment Management. The brokerage expects stronger retail coffee margins and higher company-wide operating profit versus co…
Meta Platforms disclosed an in-house chip roadmap comprising four new processors under its Meta Training and Inference Accelerator (MTIA) program. The MTIA 300 is already deployed for ranking and recommendation tasks, while three additional chips are scheduled for rollout across this year and 2027, including MTIA 450 and 500 which are designed for …
Global air traffic is facing significant disruption after the conflict in Iran prompted the closure of major Middle Eastern air hubs, including Dubai, Doha and Abu Dhabi. Tens of thousands of passengers are affected as carriers worldwide suspend or reduce services to destinations across the region. The following lists current cancellations and limi…
Howard Schultz, the billionaire former head of Starbucks, has moved his family office to Miami after living in Seattle for more than 40 years. Schultz said he and his wife Sheri are entering retirement and spent last year traveling to places they had not visited while building Starbucks and raising their children. His philanthropic foundation will …
A U.S. federal judge asked prosecutors to clarify how diplomatic and national security considerations informed the deferred prosecution agreement reached with Turkish state-owned Halkbank, which faced charges of assisting Iran in evading U.S. sanctions. The deal would bar the bank from Iran-related transactions and require a compliance monitor, wit…
Wolfe Research raised its price target on Eli Lilly to $1,325 from $1,250 and maintained an Outperform rating after increasing long-term sales projections for the company’s investigational oral obesity therapy, orforglipron. The firm now expects peak annual revenue for the pill to reach about $44 billion, up from a prior $32 billion forecast and ab…
Forward Air has been conducting a strategic review for over a year that included consideration of a potential sale. People familiar with the matter say the process is nearing completion but is unlikely to result in a sale of the whole company. Several private equity suitors have withdrawn, the activist that prompted the review has exited, and the c…
Turkey's competition authority has launched an inquiry into 65 auditing and financial advisory firms, including the Turkish operations of global accounting networks KPMG, PwC, Deloitte and EY. The probe, which will examine whether firms coordinated on pricing or engaged in anti-competitive conduct in the labour market, coincided with modest losses …
A commonly watched gauge of Oracle Corp.'s credit risk registered its biggest improvement since Feb. 2 on Wednesday, dropping to a one-month low following the company’s latest quarterly report that reduced investor concerns about artificial intelligence-related capital expenditures. The five-year credit default swap spread fell by as much as 0.054 …
Citi's commodity analysts have singled out five exploration and production companies that they say are best positioned to manage the recent spike in oil-market volatility stemming from disruptions in the Middle East. The selections are based on projected free cash flow yields for 2026-2028 and reflect firms the analysts view as able to convert elev…
Grubhub and drone manufacturer Dexa have initiated a three-month trial to offer drone-based food delivery to customers near Wonder’s Green Brook, New Jersey location. The service, powered by Dexa’s DE-2020 aircraft and launching with a public demonstration on March 16, will be available at no additional charge beyond existing delivery and service f…
Multiple industry sources say Shell has invoked force majeure for liquefied natural gas cargoes it purchases from QatarEnergy and resells to global clients, following a production stoppage at Qatar’s 77 mtpa facility. Other buyers have received similar notices from QatarEnergy; some have informed customers they will not supply Qatari LNG while the …
