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.
9,722 total articles
Alphabet’s GFiber unit will merge with Astound Broadband, an operator backed by infrastructure investor Stonepeak. Stonepeak will hold a majority position in the combined company while Alphabet will keep a significant minority stake. The transaction — terms not disclosed — aims to pair GFiber’s rapidly expanding metropolitan fiber networks with Ast…
Atlassian announced a plan to reduce its global workforce by roughly 10%, eliminating about 1,600 positions, as the enterprise software maker reallocates resources toward artificial intelligence initiatives and expanding enterprise sales. The company said it expects $225 million to $236 million in restructuring and office-related charges, with most…
Metals Acquisition Corp. II announced the pricing of a $200 million initial public offering on March 11. The company sold 20 million units at $10.00 apiece; units are slated to begin trading on the New York Stock Exchange on March 12 under the ticker MTAL.U. Each unit comprises one Class A ordinary share and one-third of a redeemable warrant, with …
An Iranian-linked hacking persona called Handala said it was behind a disruptive cyberattack that affected Stryker, a U.S.-based medical device and services company. Stryker reported interruptions and restricted access to some systems in an SEC filing, and staff reported that the group’s logo appeared on login pages. The company says there is no in…
Atlassian Corp Plc said it will eliminate roughly 10% of its workforce as part of a restructuring intended to sharpen focus on artificial intelligence and enterprise sales. The company forecast restructuring charges of $225 million to $236 million, the bulk of which will be cash outlays for severance and related employee costs and exit charges tied…
PayPay, the SoftBank-backed Japanese digital wallet, priced its U.S. initial public offering at $16 per American depositary receipt on March 11, below the company’s earlier target range. The sale of 55 million ADRs raised $880 million and set a valuation of $10.7 billion. The pricing came amid market uncertainty tied to the U.S.-Israeli war on Iran…
Lenders are assembling about $7.15 billion of debt to back private equity firm Clayton Dubilier & Rice's planned acquisition of packaging maker Sealed Air Corp. JPMorgan Chase & Co. is reported to be among banks sounding out investor demand for both leveraged loans and junk bonds, with a potential market launch as soon as next week. Discussions rem…
A regulatory filing shows Oracle’s ownership share in the newly formed U.S. arm of TikTok is valued at roughly $2 billion. The structure gives U.S. and global investors 80.1% of TikTok USDS Joint Venture LLC, leaving ByteDance with 19.9%, and names three managing investors with equal 15% stakes. The filing also notes leadership and recent financial…
Mexico's benchmark S&P/BMV IPC closed up 0.24% on Wednesday, led by advances in Industrials, Consumer Goods & Services and Consumer Staples. Orbia Advance Corporation topped the gainers list, while Grupo Comercial Chedraui fell to a 52-week low. Commodity and currency moves accompanied the session, with crude oil higher and gold futures lower.
GlobalFoundries Inc. (NASDAQ:GFS) shares fell about 5% in after-hours trading Wednesday following the announcement that Mubadala Technology Investment Company will sell 20,000,000 ordinary shares in a secondary public offering. The chipmaker itself will not sell any shares or receive proceeds, but plans to repurchase approximately $300 million of t…
A federal lawsuit filed in Illinois seeks to obligate Costco Wholesale to pass along any refunds it may receive for import duties imposed under the International Emergency Economic Powers Act (IEEPA), which the U.S. Supreme Court recently found unlawful. The complaint, filed on behalf of a proposed nationwide class, argues customers paid higher pri…
Colombian equities closed slightly higher on Wednesday, with the COLCAP index rising 0.12% as strength in Industrials, Services and Agriculture offset losses elsewhere. Top session performers included Grupo Bolivar, Bancolombia Pf and Mineros, while Grupo Argos, Grupo Energia Bogota and Ecopetrol were among the decliners. Commodity and currency mov…
The opening months of 2026 have seen a wave of workforce reductions across U.S. corporations as firms pursue efficiency gains and redirect spending toward artificial intelligence and cloud initiatives. Amazon announced a large second round of cuts on January 28, while a range of companies from tech to manufacturing and finance have disclosed headco…
Russian equities finished marginally lower, with the MOEX Russia Index down 0.03% at the close in Moscow. Gains in select counters including NOVATEK and PhosAgro contrasted with declines among exchange, oil and gold-related names, while volatility and commodity price swings were notable features of the session.
Janus Henderson's board has concluded that Victory Capital's $8.6 billion proposal is not superior to the previously agreed $7.4 billion take-private transaction led by Trian and General Catalyst, pointing to significant closing risk, uncertain value and client consent hurdles. Victory disputes the characterization and says Janus did not engage sub…
Maersk has begun redistributing fuel across its network to keep vessels supplied after regional hostilities in and around Iran disrupted bunkering and storage in the Middle East. The Danish carrier has 10 ships trapped in the Gulf and has halted activity at Oman's Port of Salalah following nearby drone strikes. Carriers have also suspended most boo…
A recently circulated document outlines a plan to assemble a 30-person Defense investment team within the Department of Defense tasked with placing $200 billion into defense deals over three years. The document identifies top Wall Street banks as recruitment targets and was prepared by an executive search firm. Officials and the banks named did not…
U.S. equity markets closed mixed on Wednesday as gains in Oil & Gas, Technology and Basic Materials were offset by losses in Telecoms, Financials and Utilities. The Dow Jones Industrial Average slid 0.61% to a fresh three-month low, the S&P 500 edged down 0.08%, and the Nasdaq Composite inched up 0.08%. Market breadth skewed negative on both the NY…
Canadian equities closed lower Wednesday, with the S&P/TSX Composite finishing down 0.45%. Losses were concentrated in the information technology, consumer staples and telecommunications sectors. A handful of energy- and materials-related names led gains, while several large-cap technology and consumer finance names recorded notable declines. Marke…
The Bovespa closed up 0.28% in Sao Paulo as gains in financials, telecommunications and consumer-related names pushed the benchmark higher. Petroleo Brasileiro SA ordinary and preferred shares recorded strong advances with PETR3 hitting a five-year high and PETR4 reaching an all-time high, while Raizen SA preferred shares plunged to record lows. Ma…
Apple is preparing software updates to iOS that will permit iPad-like layouts and side-by-side applications in tandem with a forthcoming foldable iPhone set for release this fall, according to people with knowledge of the effort. The handset is reported to include an interior foldable screen roughly the size of an iPad mini, an exterior display com…
Billionaire Tilman Fertitta has engaged in exclusive negotiations to acquire Caesars Entertainment for roughly $7 billion, reportedly offering about $34 per share and outbidding a proposal from Carl Icahn's firm. Shares of the casino operator rose following the report, though an announcement is not imminent and talks may not lead to a deal.
CoStar Group has accused activist investor D.E. Shaw of pushing a campaign against its residential business to benefit stakes in rival platforms, after Shaw criticized a new reporting arrangement that folds Homes.com into Apartments.com results. The spat centers on disclosure of Homes.com metrics, ownership stakes revealed in 13F filings, and past …
Shares of Caesars Entertainment rose after reports that billionaire Tilman Fertitta, through Fertitta Entertainment, is in exclusive negotiations to buy the casino operator for about $34 per share in a deal valued near $7 billion. The report also noted an earlier all-cash offer of around $33 per share from Icahn Enterprises remains on the table and…
Shares of Sable Offshore (NYSE:SOC) rose about 16% and trading was paused on a circuit breaker after a report that President Donald Trump is preparing to use Cold War-era authorities to facilitate renewed oil production off the southern California coast. The reported plan would employ the Defense Production Act to override state restrictions and ac…
