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.
9,093 total articles
Rio Tinto shares reached an intraday record in Australian trading after the company confirmed it had ceased merger talks with Glencore. The miner said the two sides could not agree on a transaction that would deliver sufficient value to shareholders. The move followed public disclosure of the talks in January and represents the third failed attempt…
SpaceX will absorb xAI through a triangular merger that keeps xAI as a wholly owned subsidiary, a structure that limits SpaceX’s direct exposure to xAI liabilities and can deliver tax advantages to shareholders. The combined company, valued at $1.25 trillion, aims to go public later this year to support plans for deploying data centers in space. Th…
Once Upon a Farm, the Berkeley-based children’s organic food company co-founded by Jennifer Garner, raised about $198 million in its U.S. initial public offering by selling roughly 11 million shares at $18 each. The pricing placed the deal at the midpoint of its indicated range and implied a valuation of roughly $724.2 million. The company cautione…
Summary: U.S. equity futures dropped Thursday evening after another down session on Wall Street dominated by losses in technology names. Amazon shares plunged following a blowout 2026 capital expenditure projection, rekindling investor concern about outsized AI spending across large tech companies. Weakness in labor-market indicators and memory-chi…
SiTime has struck a deal to buy timing assets from Renesas and to have some of its timing technology integrated into Renesas chips. The transaction, valued at up to $3.2 billion, is expected to drive about $300 million in revenue in the first year after close and could enable the deployment of SiTime’s resonator technology across very large volumes…
SpyGlass Pharma Inc. has priced an initial public offering of 9,375,000 shares at $16.00 per share, which is expected to generate about $150 million in gross proceeds before the deduction of underwriting fees and other expenses. The company will list on the Nasdaq Global Select Market under the ticker SGP, with trading anticipated to begin on Febru…
Citigroup said it will match the U.S. Treasury's initial $1,000 seed deposit to proposed 'Trump Accounts' for families of eligible employees, and the Citi Foundation pledged $5 million to raise awareness and support enrollment, with a focus on low-income households. The accounts, part of the One Big Beautiful Bill Act, would receive $1,000 for chil…
Once Upon a Farm PBC has set an initial public offering price of $18 per share, according to people familiar with the matter. The Berkeley, California-based organic children's snacks company and some investors put nearly 11 million shares on offer within a previously announced $17 to $19 range. At the $18 level the company would carry a market valu…
Liftoff Mobile Inc., a mobile app marketing company with backing from Blackstone Inc., has put off an initial public offering that had been due to price Thursday evening, according to people familiar with the matter. The company had targeted up to $762 million in proceeds. The postponement comes amid broad weakness in technology equities, especiall…
Microchip Technology said it expects adjusted fourth-quarter earnings of about $0.40 per share, below the $0.48 consensus, citing pressure from a global memory supply shortage that has prompted smartphone and PC makers to trim orders. The company forecast fourth-quarter revenue between $1.24 billion and $1.28 billion and reported stronger-than-expe…
MGM Resorts International reported fourth-quarter adjusted earnings that exceeded Wall Street expectations, paced by robust growth in its online gaming and sports-betting operations. The company posted higher total revenue than analysts anticipated, while traditional resort revenue in Las Vegas fell amid lower room rates and occupancy.
Stocks moved sharply after the bell as several companies reported quarterly results or issued guidance that diverged meaningfully from analyst expectations. Amazon posted weaker-than-expected figures and flagged much higher capital spending, weighing on its shares. Other names including Roblox, Bloom Energy, Fortinet and BILL saw notable gains afte…
News Corp reported second-quarter revenue that exceeded Wall Street forecasts, supported by double-digit contributions from its Dow Jones digital subscription business, gains in digital real estate services amid a recovering property market, and higher book publishing sales at HarperCollins. Total revenue reached $2.36 billion versus analysts' aver…
Coty has pulled its full-year outlook as interim CEO Markus Strobel launches a plan to concentrate resources on the company’s highest-potential brands. The reshuffle comes with guidance showing modest revenue growth in the latest quarter, but an expectation of materially compressed gross margins and a much weaker adjusted EBITDA in the coming quart…
U.S. equities closed lower Thursday, with losses concentrated in the Basic Materials, Consumer Services and Technology sectors. The Dow Jones Industrial Average fell 1.20%, the S&P 500 dropped 1.23% and the Nasdaq Composite declined 1.59%. A handful of individual stocks recorded sharp gains or steep declines, while volatility and commodity contract…
Colombia's main stock index ended lower on Thursday, with the COLCAP closing down 2.54% as declines in Financials, Investment and Public Services weighed on the market. While big financial names led losses, consumer-sector Grupo Nutresa climbed to an all-time high. Commodity and currency markets showed mixed activity, with notable moves in coffee, …
United Steelworkers local 7-1 has asked employees at BP’s 440,000-barrel-per-day Whiting, Indiana refinery to prepare for a strike or lockout after prolonged negotiations produced no agreement. The union says 98% of the roughly 800 workers it represents authorized strike action, and it alleges the company proposed significant workforce reductions a…
Russian equities closed lower on Thursday, with losses concentrated in the Mining, Power and Telecoms sectors. The MOEX Russia Index ended down 1.55% as a larger number of issues declined than advanced. Key commodity contracts also moved lower and benchmark FX rates were mixed at the close of trading.
Amazon said it expects to spend about $200 billion in capital expenditures in 2026, a substantial increase versus prior estimates, underscoring continued heavy investment in AI infrastructure, cloud capacity and retail logistics. The company also gave first-quarter operating income guidance that missed analyst estimates, prompting a nearly 8% drop …
Shares of companies exposed to Bitcoin and broader crypto prices tumbled Thursday after Bitcoin slid to $63,257, its weakest since November 2024. Mining firms and publicly traded companies that keep digital assets on their balance sheets recorded sharp losses, while analysts point to stretched valuations in AI names and uncertainty over the Federal…
Brazil's Bovespa closed up 0.68% on Thursday, driven by advances in real estate, public utilities and consumer-related sectors. Several individual stocks posted notable gains and losses, market breadth was mixed, and volatility measures and commodity prices showed movement into the close. Currency pairs against the real rose slightly while the US D…
Coca-Cola said it will discontinue its frozen product offerings, including the Minute Maid frozen line, in the United States and Canada. The company cited shifting consumer preferences and will exit the frozen can category, with frozen items discontinued in Q1 2026 and remaining in-store stock to be sold while supplies last. Coca-Cola has been emph…
S&P Global Ratings moved Calumet Inc.'s outlook to positive from stable while maintaining a 'CCC+' rating following the company's refinance of near-term unsecured debt and an extension of its asset-based lending maturity. The agency expects credit metrics to strengthen over the next year amid improving margins, debt reduction trends and higher sust…
S&P Global Ratings has upgraded SK Hynix to a BBB+ rating with a positive outlook, driven by expectations for sizable revenue and cash-flow gains from High Bandwidth Memory (HBM) and broader memory markets. The agency forecasts significant revenue and EBITDA growth through 2027, anticipates sustained high memory prices amid supply tightness, and pr…
S&P Global Ratings upgraded Aristocrat Leisure Ltd. to 'BBB' from its prior rating after reviewing the company's improved operating performance, expanding revenue diversity and strong free operating cash flow prospects. The rating agency pointed to Aristocrat's leadership in land-based gaming, growth in installed participation units and outright ma…
