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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.
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Barclays analyst Venu Krishna says a recent market rotation has revealed fragility in the risk-on environment, prompting the bank to alter its factor views across U.S. and European equities. The bank highlights Value and Yield as beneficiaries of the rotation while Momentum weakens and defensive exposure re-emerges in Europe. In the U.S., Barclays …
Williams Trading downgraded Crocs to Sell from Hold, pointing to ongoing weakness in U.S. demand for both the Crocs brand and HEYDUDE and expressing concern that expanding company-owned stores may not revive growth. The firm raised its price target to $84 from $75 and increased estimates for accounting reasons, but said fundamentals remain soft and…
ImmunityBio stock rose sharply after the European Commission granted conditional marketing authorization for ANKTIVA in combination with BCG to treat BCG-unresponsive non-muscle invasive bladder cancer with carcinoma in situ. The approval covers the 27 EU member states plus Iceland, Norway and Liechtenstein, bringing ANKTIVA’s regulatory reach to 3…
Liberty Global said it will buy Vodafone’s 50% holding in the Dutch joint venture VodafoneZiggo for €1.0 billion in cash plus a 10% equity stake in a new Ziggo Group, driving an 8.6% rise in its stock. The deal, slated to close in the second half of 2026, will consolidate Liberty Global’s ownership of VodafoneZiggo and its Belgian business Telenet …
Moderna announced the U.S. Food and Drug Administration will review a revised application for its seasonal influenza vaccine after the agency rejected the company's initial submission a week earlier. The revised filing requests full approval for adults 50-64 and accelerated approval for those 65 and older, and includes a commitment to a post-market…
A leaked report circulating among macro and commodity traders said the Trump administration is preparing for potential military action against Iran while continuing diplomatic outreach. Markets showed cautious moves - equities largely flat, gold higher and crude oil up - as details emerged about a substantial U.S. military buildup in the Middle Eas…
Rio Tinto has increased its ownership of Nemaska Lithium to a 53.9% majority and will assume direct management of the company, while the Government of Quebec holds 46.1%. The move advances Rio Tinto's plan to create an integrated lithium supply chain in Quebec, spanning the Whabouchi spodumene mine to the lithium hydroxide processing facility in Be…
A California trial opened as a 20-year-old plaintiff alleges Meta Platforms and Google’s YouTube intentionally engineered social apps to addict children, fueling her depression and suicidal thoughts. Lawyers for the plaintiff say internal documents reveal purposeful design choices to capture young users; the tech companies deny the claims and say o…
The Trump administration announced Wednesday it is rescinding an Energy Department provision called the 'fuel content factor,' which had let automakers count electric vehicles at elevated fuel-economy values when computing fleetwide Corporate Average Fuel Economy (CAFE) figures. The department cited a September appeals court decision in its rationa…
DraftKings shares rose modestly in premarket trading after company director Harry Sloan bought 100,000 Class A shares for roughly $2.19 million on February 17, 2026. The purchase, at $21.85 per share, brings Sloan's total stake to 350,219 shares and has been interpreted as a sign of insider confidence.
Capital Economics' market economist Elias Hilmer argues the AI-driven surge in tech stocks still has room to extend, even as U.S. tech underperforms emerging-market peers. The firm says any AI-related bubble in emerging markets looks smaller than past U.S. episodes and expects EM markets to be more resilient if a correction occurs.
Rosenblatt upgraded Cadence Design Systems to Buy from Neutral following a quarterly report that exceeded Wall Street expectations. The brokerage highlighted steady demand associated with AI and advanced-node chip projects, a rising backlog that provides revenue visibility into 2026, and a recent pullback in the stock as reasons for the upgrade. Ro…
Contact lens manufacturers anticipate steadier expansion in 2026 as shoppers increasingly adopt premium daily disposable lenses and global myopia prevalence rises. Industry leaders are positioned to capture higher-margin sales and more frequent repurchases, although price sensitivity and regional weakness present risks to growth.
Madison Square Garden Sports Corp. (NYSE: MSGS) saw a roughly 10% rise in premarket trading after announcing plans to explore a tax-free spin-off that would separate its New York Knicks and New York Rangers operations into two independent public companies. The proposed transaction would distribute 100% of the common stock of the new company pro-rat…
Humain, Saudi Arabia’s national artificial intelligence company, invested $3 billion in Elon Musk’s xAI as part of an upsized Series E round. The stake was classified as a "significant" minority holding and was converted into SpaceX shares following SpaceX’s acquisition of xAI. The move aligns with Saudi ambitions to expand AI capabilities and a pr…
Morgan Stanley's field trip in Riyadh underscores that competition among dark-store grocery delivery operators in the MENA region is escalating. The bank identified Careem and Talabat as standout public-market stories, noting a larger total addressable market for grocery than for food delivery, but with thinner margins per order. Both companies are…
Getty Realty Corp. announced a public offering of 4 million common shares that is expected to raise roughly $131 million in gross proceeds. The shares are being sold on a forward basis under agreements with J.P. Morgan Securities LLC and Wells Fargo Securities. Getty said it will use net proceeds for property acquisitions, to repay borrowings under…
Sensei Biotherapeutics' stock jumped 200% following the announcement that it has acquired Faeth Therapeutics and completed a roughly $200 million private placement of Series B non-voting convertible preferred stock. The deal transfers Faeth’s lead investigational therapy PIKTOR to Sensei and funds will be directed primarily to advancing PIKTOR thro…
VNET Group Inc. saw its stock fall sharply in after-hours trading after the company disclosed that investment vehicles managed by Blackstone Tactical Opportunities had notified it of a Transfer Event and a Minimum Shareholding Event under the indenture for its amended 2% Convertible Notes due 2027. The notices, also sent to the trustee Citibank, N.…
Bank of America is rolling out an art consulting service for high-net-worth clients amid changing collector demographics and an increase in the use of artworks as collateral for loans. Deloitte estimates ultra-high-net-worth art holdings at $2.56 trillion in 2024, potentially rising to $3.5 trillion by 2030, and reports stronger demand for art-back…
W. P. Carey Inc. priced a public offering of 6 million common shares at $72 per share, expected to raise $432 million in gross proceeds. The announcement coincided with a 3.4% decline in the company's stock in premarket trading Wednesday. The deal includes a 30-day option for underwriters to buy up to 900,000 more shares and is structured on a forw…
Moleculin Biotech Inc.'s stock climbed 3.1% in premarket trading after the company released preliminary blinded results from its pivotal Phase 2B/3 MIRACLE trial evaluating Annamycin plus cytarabine in patients with acute myeloid leukemia (AML). Blinded data from the initial 30 subjects produced a composite complete remission rate of 40%, a figure …
Kraft Heinz has named Nicolas Amaya as president of its North America business, replacing Pedro Navio effective February 23. The move comes a week after the packaged food maker paused plans to split the company and announced fresh investments to shore up its U.S. operations, which have been facing persistent demand weakness. New CEO Steve Cahillane…
Tempus AI, Inc. (NASDAQ:TEM) saw its stock rise 3.5% Wednesday following the announcement of HRD-RNA, a 1,660-gene logistic regression algorithm that evaluates Homologous Recombination Deficiency via tumor gene expression rather than DNA scarring. The algorithm is available for research use now, with clinical availability expected later this year. …
Citigroup has finalized the disposal of its former Russian unit, AO Citibank, transferring ownership to Renaissance Capital. The acquired bank will be renamed RenCap Bank and will function within the Renaissance Capital group while remaining a separate business unit and continuing to serve its traditional institutional clients. Both parties confirm…
