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.
14,453 total articles
The U.S. Food and Drug Administration has authorized early access for Revolution Medicines' oral KRAS inhibitor daraxonrasib in patients with previously treated metastatic pancreatic ductal adenocarcinoma. The drug, which the company said doubled survival versus chemotherapy in a late-stage trial, is also under evaluation in late-stage non-small ce…
ARC Group Acquisition I Corp completed its initial public offering on May 1, 2026, selling 12.075 million units at $10.00 each and raising $120.75 million. The offering included a full exercise of the underwriters' over-allotment option. Units began trading on NASDAQ under the symbol ARCLU on April 30, 2026, and the company expects the component se…
A federal bankruptcy judge approved Saks Global's disclosure statement, allowing the company to solicit creditor votes on a Chapter 11 restructuring that would eliminate existing equity, reduce most prepetition debt, and transfer control to senior lenders who provided new financing during the case. Creditors must cast ballots by June 1.
U.K. equities finished marginally lower on Friday, with losses concentrated in Pharmaceuticals & Biotech, Fixed Line Telecommunications and Industrial Engineering. The Investing.com United Kingdom 100 index closed down 0.01%, while a mix of individual winners and losers produced a market breadth showing more advancers than decliners on the sess…
The Catholic Archdiocese of New York has reached a proposed agreement to pay $800 million to about 1,300 people who say they were sexually abused by clergy. The settlement, which would rank among the largest in recent U.S. church abuse litigation, is conditional on final documentation and agreement by survivors. It also includes a commitment by the…
Wolfe Research has started coverage on Rubrik with an Outperform rating and a $70 price target, citing the company's cloud-native approach, Zero Trust architecture and positioning at the nexus of data protection and cyber resilience. The analyst projects subscription ARR growth above company guidance and highlights Identity Security as a notable gr…
Rhythm Pharmaceuticals saw its stock rise after the European Commission approved Imcivree for the treatment of obesity and control of hunger in adults and children aged four and older with acquired hypothalamic obesity. The approval makes Imcivree the first authorized therapy for this rare condition in Europe. Rhythm plans European commercial launc…
Newell Brands raised its net sales outlook for the year and nudged up the low end of its normalized EPS guidance after first-quarter results topped sales forecasts and produced a smaller-than-expected loss. Shares climbed as much as 13.2% to $4.62 on Friday, extending the stock's year-to-date gains.
German Finance Minister Lars Klingbeil said oil companies must pass on the benefits of a temporary energy tax reduction to consumers. The cut, roughly 0.17 euros per litre on diesel and petrol, is intended to provide about 1.6 billion euros in relief and will be in place for May and June as the government seeks to blunt the economic effects of high…
Spirit Airlines is preparing to suspend operations after failing to secure a $500 million lifeline, according to people familiar with the situation. The carrier could not obtain enough support from certain bondholders and the government to arrange funding before it exhausted available cash. Shares of Spirit plunged about 75% on the news while sever…
Several hundred workers staged a march through Zenica to protest the recent closure of the 130-year-old Zenica Steel Factory, Bosnia’s last major steel mill. Protesters warned the shutdown endangers thousands of jobs across the sector and follows a February closure of a Lukavac coke plant. The plant’s current owner cited logistical difficulties, ch…
Israeli equities closed higher on Friday, with the TA 35 index finishing up 1.15%. Technology, Insurance and Communication sectors provided broad support, while select large-cap names delivered the session's largest gains and losses. Commodity markets and local FX pairs also moved, with crude oil and Brent easing, June gold futures advancing, and t…
Friday's session featured pronounced moves across market-cap ranges, with large technology names including Apple and Micron Tech advancing, and several smaller-cap healthcare and gaming stocks falling sharply. The day’s action spanned mega-cap tech to small-cap biotech, with individual company news and analyst actions driving much of the volatility…
DB Ventures, owner of the David Beckham fragrance licence, has sued Coty in New York alleging material breaches of their licence agreement, including use of unapproved distribution channels and sales in gas stations. The lawsuit, filed April 23, follows similar legal action by Nautica and comes as Coty's fragrance revenue faces headwinds from licen…
Estée Lauder increased its full-year adjusted profit forecast and announced plans for up to 3,000 more global job cuts as it steps up a companywide restructuring. The move lifts the total targeted workforce reductions to 9,000-10,000 and aims to deliver up to $1.2 billion in annual cost savings, while the company pursues a potential merger with Pui…
Biotech mergers and acquisitions are running at an elevated clip in early 2026 as major drug companies seek external assets to offset approaching patent expiries. A combination of large cash reserves, appealing biotech valuations, a recent flow of approvals and growing comfort with regulatory scrutiny has created a sustained wave of dealmaking. If …
Barclays examined investor concerns that a surge of sizable technology initial public offerings could pull capital away from existing large- and mega-cap tech stocks. After reviewing past IPO waves and running an event study, the bank found no strong link between IPO ramp-ups and weaker tech returns relative to the S&P 500. Barclays argues that IPO…
American International Group said it has slowed new investments in private credit amid current market conditions, the insurer's finance chief told analysts, a move that helped lift the stock roughly 5% in early trading. AIG reported a notable increase in quarterly adjusted profit, supported by stronger underwriting and a sharp reduction in catastro…
Canada’s S&P/TSX Composite slipped modestly on Friday morning, pulled back from a near 2% surge in the prior session as lower energy prices and geopolitical concerns damped investor enthusiasm. U.S. markets extended gains, led by tech, while oil and gold retreated amid ongoing Middle East tensions and elevated rate-hike worries.
Tether Holdings SA acquired over six tonnes of gold in the first quarter, bringing its gold reserves to $19.8 billion by the end of March. The holdings equate to roughly 132 tonnes of bullion at spot prices. Gold experienced sharp moves during the quarter, including a January peak near $5,600 and subsequent selloffs tied to the outbreak of the US-I…
AIG shares advanced roughly 3.3% in early trading after a senior executive said the insurer has curtailed its private credit deployments amid prevailing market conditions. The comment came during a post-earnings analyst call, where AIG also reported a sharp increase in quarterly adjusted profit supported by strong underwriting results and a marked …
President Trump signed an executive order directing the Treasury Department to build TrumpIRA.gov, a federal portal listing private-sector Individual Retirement Accounts eligible for a government matching contribution. The match program, enacted under President Biden, will offer up to $1,000 per taxpayer and phases out at specified income threshold…
Shares of TMC the metals company Inc. (NASDAQ:TMC) climbed 10% after the National Oceanic and Atmospheric Administration determined the company’s consolidated deep-seabed mining application is in full compliance with the Deep Seabed Hard Mineral Resources Act and its regulations. The finding moves the submission into the certification phase and tri…
Federal data reviewed by Raymond James show 243 new New World Screwworm cases in the week ending April 26, an uptick that sharpens an already steady climb since early March. Cases are moving closer to the U.S. border with new reports in Coahuila and growing active caseloads in several Mexican states that border Texas. U.S. and Mexican authorities a…
Tesla registrations increased in several European markets in April, with notable year-over-year gains in Denmark, France and the Netherlands as surging fuel prices following the Iran war have pushed consumers toward electric vehicles. Regulatory activity around Tesla's Full Self-Driving software has progressed in the Netherlands, and broader contin…
