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.
9,043 total articles
A significant winter storm that blanketed large portions of the central and eastern United States disrupted air travel, producing tens of thousands of cancellations. Bank of America analysts estimate more than 22,000 cancelled flights across mainline and regional carriers, with American Airlines hardest hit. Several carriers face measurable pre-tax…
Analysts at Needham & Company warn that OpenAI’s decision to introduce advertising into its free and mid-tier Go plans on a CPM basis could force a rebalancing of the intent-driven digital advertising market long dominated by Google and Meta. With an estimated 800 million weekly active users and the potential to generate up to $20 billion in annual…
Major U.S. investment banks continue to outperform large European peers in capital markets, producing higher returns on equity and capturing a disproportionate share of global trading and investment banking activity. European lenders have improved capital bases and grown capital-markets revenues since 2019, but structural constraints and past retre…
BCA Research argues the U.S. dollar will remain the principal currency in global finance for an extended period, citing strong network effects across markets, payments and trade. While the dollar's share of official FX reserves has fallen since 2000 and shifts accelerated after the 2022 freeze of Russian central bank assets, the greenback continues…
Boeing and members of the Society of Professional Engineering Employees in Aerospace (SPEEA) who formerly worked for Spirit AeroSystems approved a new labor contract covering roughly 1,600 white-collar employees. The agreement, effective through late 2030, was ratified by 85% of votes cast and provides a $6,000 ratification bonus, annual wage incre…
Saks Global, which recently filed for Chapter 11 bankruptcy, will terminate its 'Saks on Amazon' storefront and shift focus back to directing traffic to Saks.com, a source with direct knowledge said. The partnership, created after Amazon's $475 million investment in 2024 and structured to generate at least $900 million in payments over eight years,…
A federal judge in San Francisco refused on Friday to order Alphabet Inc.'s Google to disgorge $2.36 billion in alleged profits tied to the company’s past collection of user data after a key privacy setting was switched off. The judge also declined to impose a permanent injunction on certain ad-related data practices and rejected a request to decer…
Walt Disney CEO Bob Iger has informed close associates that he intends to step down from the chief executive role and reduce involvement in day-to-day management ahead of his contract's December 31 expiration, according to people familiar with the matter. The company's board is scheduled to meet next week at its Burbank headquarters to consider pot…
Lockheed Martin's Rotary and Mission Systems unit received two contract modifications from U.S. defense agencies totaling $37.9 million. One modification, valued at $18.8 million, adds production and production-management work for a three-dimensional expeditionary long-range radar and raises the underlying contract value to $572.9 million. A separa…
General Dynamics Mission Systems received a $255.1 million hybrid contract from the U.S. Navy to provide development, production, sustainment, modernization and related services for strategic weapon system fire control subsystems serving U.S. SSBNs, U.K. SSBNs and SSGNs. The award includes options valued at $485.3 million, funding across fiscal yea…
Northrop Grumman Systems Corp. has been awarded a $50 million U.S. Department of War task order to deliver commercial agile software development services, focused on sustainment and modernization of a suite of Strategy Mission Planning and Execution, Data Fusion, and Visualization applications. Work will be carried out in Bellevue and Offutt Air Fo…
Oracle America Inc. has received an $88,112,197 firm-fixed-price task order to deliver Oracle Cloud service offerings in support of the U.S. Air Force’s Cloud One program. The contract was announced by the U.S. Department of War, was awarded via a sole source acquisition, and assigns the Air Force Life Cycle Management Center at Hanscom Air Force B…
L3 Technologies Inc. secured a $283.3 million indefinite-delivery/indefinite-quantity contract to provide ground control element support and sustainment services through January 29, 2031, while L3Harris Technologies Inc. received an $80.27 million modification to an existing agreement for National Space Defense Center and Distributed Space Command …
Boeing has secured a $2.8 billion contract to carry out upgrades on F-15K fighter jets for the Republic of Korea Air Force, according to a U.S. Department of War announcement. The award covers design and development of integrated aircraft systems for the F-15K fleet, with primary work to be completed in St. Louis, Missouri, and an expected program …
OnlyFans is in exclusive negotiations with Architect Capital for the sale of a controlling stake that would value the platform at approximately $5.5 billion including debt, according to a person familiar with the discussions. The proposed transaction would hand Architect nearly 60% ownership and places the company’s equity value at about $3.5 billi…
Executives from Exxon Mobil and Chevron outlined limited near-term opportunities in Venezuela's oil sector during quarterly earnings calls, but stressed that significant legal clarity and political stability are prerequisites for any long-term capital commitments. Chevron said it could increase processing of Venezuelan crude at U.S. refineries and …
Moloco, an advertising-technology company backed by Fidelity Management & Research Co. and Tiger Global Management, has begun preliminary conversations with potential advisers about a possible initial public offering. The company was valued at more than $2 billion following a secondary share sale in 2023. Reports indicate the talks are in early sta…
Olema Pharmaceuticals Inc. saw its stock decline in after-hours trading following the announcement that Chief Operating and Financial Officer Shane Kovacs will depart the company effective January 30, 2026. Kovacs will remain on a consulting basis through August 1, 2026. CEO Sean P. Bohen has taken on the interim Principal Financial Officer role as…
K2 Capital Acquisition Corporation completed an initial public offering of 13.8 million units at $10 per unit, generating $138 million in gross proceeds after the full exercise of the underwriters' option for an additional 1.8 million units. Each unit comprises a Class A ordinary share and a right to one-fifth of a Class A share upon completion of …
Peloton Interactive has reduced its headcount by 11% as part of a cost-cutting initiative tied to a broader turnaround plan. The reductions, announced on Friday, predominantly affect engineers working on technology and enterprise-related projects. The move follows recent product revisions and price increases across hardware and subscriptions instit…
The U.S. Securities and Exchange Commission announced appointments to the Public Company Accounting Oversight Board, selecting retired Ernst & Young auditor Demetrios Logothetis as chairman and naming three additional members. The moves follow the earlier removal of the PCAOB head who had been appointed by Democratic leadership. The SEC described t…
Canada's main equity gauge fell sharply at Friday's close, dragged down by losses in the Materials, Information Technology and Industrials sectors. The S&P/TSX Composite dropped 3.31% while the S&P/TSX 60 VIX surged to a one-month high. Commodity and currency moves featured sharply lower gold futures, modest gains in crude benchmarks and a weaker C…
Colombian stocks closed lower on Friday, with the COLCAP index down 0.75% as losses in Financials, Investment and Public Services sectors pressured the market. Etb led gainers with a strong session, while Mineros SA and several banking and utilities names were among the biggest decliners. Commodity price moves and currency shifts were notable along…
Russia's MOEX Russia Index closed 0.55% lower on Friday, with losses concentrated in the Mining, Oil & Gas and Telecoms sectors. Heavyweight miners including MMC Norilsk Nickel and OK Rusal were among the largest decliners, while Mobil'nye Telesistemy finished marginally higher. Market breadth favored losers and volatility edged up as commodity and…
Fitch Ratings downgraded BlackRock TCP Capital Corp.'s long-term issuer default and debt ratings to BB from BB+ and placed them on Rating Watch Negative, pointing to an anticipated 19% fall in net asset value that will materially reduce asset coverage and increase leverage, with several quarters likely required to return to target ranges.
