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.
9,262 total articles
Fitch Ratings has shifted FMC Corporation's outlook to Negative from Stable while maintaining the company's Long-Term Issuer Default Rating at 'BB+'. The agency flagged rising EBITDA leverage - potentially exceeding a 4.5x downgrade threshold by 2025 - driven by weaker earnings, negative free cash flow after dividends and intensified generic compet…
Moody's Ratings affirmed Option Care Health, Inc.'s key credit ratings and moved the outlook from stable to positive, citing projected revenue expansion and robust free cash flow that should reduce leverage over the coming 12 to 18 months. The ratings agency left the company's speculative grade liquidity rating intact, pointing to available cash an…
The Nasdaq Composite fell into correction territory Thursday, dropping more than 10% from its October 29 peak as U.S. stock indices posted broad losses. Rising oil prices tied to the war in the Middle East and a substantial decline in Meta Platforms after adverse court rulings weighed on sentiment, leaving the S&P 500 headed for a fifth straight we…
S&P Global Ratings has shifted its outlook on Cenovus Energy to stable from negative while maintaining a BBB credit rating. The agency highlighted improved financial ratios and progress across the company’s growth program, expects a funds-from-operations-to-debt ratio of 70%-80% over the next two years, and noted debt-reduction measures funded part…
Apple issued out-of-cycle stock awards this week to numerous members of its iPhone Product Design team, offering compensation that vests over four years and is intended to reduce departures of engineers to AI startups such as OpenAI. The awards generally total in the low hundreds of thousands of dollars and require continued employment to realize t…
Google has introduced an import feature for its Gemini AI assistant that allows users, both free and paying, to upload zipped files containing conversation history and contextual details from other AI applications. The company published a prompt template users can run in their other chat apps to extract demographic and preference data, relationship…
JPMorgan Chase has filed to launch a private credit fund that would permit investors to redeem 7.5% of shares each quarter and has requested an exemption to repurchase at least 2% of outstanding shares monthly. The prospectus details that the fund will generally allocate at least 80% of net assets, plus any borrowings for investment purposes, to cr…
Canada's S&P/TSX Composite closed lower, down 1.53%, with losses concentrated in the Materials, Information Technology and Healthcare sectors. Market breadth showed substantially more decliners than advancers, the S&P/TSX 60 VIX climbed, and commodities moved unevenly with gold tumbling while crude oil rallied.
Brazil's equities closed lower on Thursday, with the Bovespa slipping 1.45% as losses concentrated in Real Estate, Public Utilities and Financials. A small group of stocks posted gains, including Brava Energia, Marfrig and Prio, while several large decliners led the market down. Commodities and currency pairs moved unevenly, and the CBOE Brazil Etf…
U.S. stock indexes finished lower on Thursday, led by losses in the Technology, Industrials and Consumer Goods sectors. The Dow Jones Industrial Average fell 1.01%, the S&P 500 dropped 1.74% and the Nasdaq Composite declined 2.38%. Notable individual moves included strong gains for Brown Forman and Valero and steep declines for several semiconducto…
The Nasdaq Composite fell 2.4% on Thursday, confirming a correction after dropping nearly 11% from its record-high close on October 29. The recent broad market selloff, driven by uncertainty about the U.S. and Israeli war with Iran, marked the index's sharpest run of losses since April 2025. Large technology companies that had benefited from AI opt…
European Union institutions have reached an informal accord to penalize online marketplaces that import products deemed unsafe, a measure framed to address an influx of low-cost and potentially non-compliant goods arriving through platforms such as Temu, Shein and AliExpress. The move, agreed as part of a reform of the EU Customs Code, includes pot…
Unity Software reported preliminary first-quarter results that exceeded its guidance across revenue and adjusted EBITDA, driven by growth in Unity Vector and Create. The company said it will retire the ironSource Ads Network and is pursuing a divestiture of its Supersonic game publishing unit. Shares rose sharply in after-hours trading following th…
PJM Interconnection has informed Constellation Energy that transmission upgrades tied to the restarted Three Mile Island nuclear plant in Pennsylvania are unlikely to be finished before 2031, delaying the plant's ability to feed power into the grid by roughly four years versus Constellation's earlier timeline. Constellation says the unit will be op…
The European Commission has provisionally charged four major adult content platforms - Pornhub, Stripchat, XNXX and XVideos - with breaching the EU's Digital Services Act after a 10-month probe found shortcomings in measures to prevent children accessing pornographic material. Regulators faulted the platforms for relying on weak self-declaration an…
Since the Iran conflict began on February 28, global energy prices have climbed sharply, and the resulting pull of supply through the Strait of Hormuz has stopped roughly one-fifth of worldwide flows. Benchmark Brent averaged about $97 per barrel in March, up from $69 in February and $65 in January. That surge is expected to boost revenues and lift…
Pernod Ricard and Brown-Forman have engaged in discussions over a potential merger, according to a source familiar with the matter. The talks would combine a wide-ranging global spirits portfolio with the leading American whiskey business as the sector contends with multi-year sales weakness, tariff-driven pressures and changing consumer behavior. …
Shares of Occidental Petroleum rose after reports indicated that long-serving CEO Vicki Hollub is preparing to retire later this year and that Chief Operating Officer Richard Jackson is expected to take over. The transition is described as likely to include an interim period during which Hollub may stay on as an adviser or be named CEO-designate wh…
A food safety and animal welfare nonprofit has initiated legal action against Panera Bread, alleging the fast-casual chain misrepresented the sourcing and welfare attributes of its meat products. The suit, filed March 20 in Washington D.C., cites 2024 media reporting on internal company documents that purportedly show Panera relaxed ingredient stan…
Vicki Hollub, who led Occidental Petroleum through more than four decades at the company and a transformative decade as CEO, is preparing to retire, people familiar with the situation said. A formal announcement is expected later this year, with Chief Operating Officer Richard Jackson likely to assume the top role. Hollub’s tenure included the majo…
Apple is preparing to open its Siri voice assistant to competitors beyond its existing ChatGPT arrangement as part of an anticipated iOS 27 update. The company is developing tools that would allow App Store chatbot apps to work with Siri under its Apple Intelligence framework, enable users to choose which external AI handles specific queries, and p…
Mastercard has begun seeking a buyer for the real-time payments unit it acquired from Denmark’s Nets Group in 2019. The credit card company has retained investment bankers to run the divestment, which could draw private equity interest and may command a lower valuation than the $3.2 billion paid in 2019. Mastercard did not immediately respond to a …
SoFi Technologies reported an expansion of its Loan Platform Business with new funding commitments exceeding $3.6 billion, but the company’s shares fell 4.3% on Thursday. The financing package comprises three agreements: $1 billion from a global bank, $600 million to be provided to an insurance group over 12 months, and a partnership with a top-fiv…
Mastercard has begun marketing the real-time account-to-account payments business it acquired from Nets Group in 2019 for $3.2 billion. The company has retained investment banks to run a sale process that is likely to draw private equity interest, though the firm anticipates a transaction price well below its original purchase price. The unit proce…
Elon Musk is exploring a plan to reserve as much as 30% of SpaceX’s initial public offering for individual investors, a retail allocation at least three times greater than common practice. The structure is intended to draw on Musk’s devoted supporters to help steady post-listing trading, and Bank of America has been chosen to manage domestic retail…
