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.
17,786 total articles
Ampol's shares rose after Australia’s competition regulator approved its purchase of EG Australia on the condition Ampol divests 41 service stations. The company has agreed to sell those sites to Metro Petroleum and expects the takeover to close on June 30, paying about A$1.12 billion in net cash after electing to cash-settle the share component. A…
Indonesia’s legislature approved broad new legislation that strengthens the central bank’s role in supporting economic growth and allows lawmakers to evaluate independent financial regulators and Bank Indonesia. Passed by acclamation with unanimous party support, the bill has not yet been published and has prompted investor unease over potential po…
Meta Platforms has repeatedly delayed making its newest AI model available to external developers and currently has no scheduled release date. The postponements have extended to almost two months following an internal comment that a release would come "soon." Meta says it is testing an application programming interface (API) for the model with part…
Foreign companies listing their Indian subsidiaries are predominantly using offer-for-sale (OFS) structures that allow existing shareholders to sell stakes rather than raising new money for the Indian businesses. Data show only one in six foreign-based firms listing since 2024 raised fresh capital; the rest were secondary offerings that returned ne…
Meta has delayed multiple planned rollouts of the Muse Spark AI model API for developers and, according to recent reports, had no scheduled launch date as of Tuesday. The company, however, told Reuters it is testing the API with select early partners and intends to release it this month. Muse Spark, unveiled in April, is the first model in a new Su…
Hyundai Motor, NVIDIA Corporation and the South Korean government are in late-stage discussions to establish an artificial intelligence research and development center in South Korea. The Saemangeum reclamation project on the country's southwest coast is the leading candidate for the site. The planned center would mirror Nvidia's existing R&D facil…
Sunshine Silver Mining & Refining Company raised $270 million in its U.S. initial public offering by selling 20 million shares at $13.50 each. The Kellogg, Idaho-based firm, backed by Electrum Group and Ospraie Management, will list on the New York Stock Exchange as SSMR and is advancing plans to restart and expand a previously shuttered mine in Id…
Asian equities declined Thursday as technology and semiconductor names ceded recent gains and uncertainty around U.S.-Iran talks kept markets defensive. Follow-through selling from overnight weakness on Wall Street - including a drop in Broadcom after mixed results - added pressure across the region, with Japan and South Korea among the hardest hit…
Treasury Wine Estates will shrink its brand roster and concentrate investment on a small group of premium labels led by Penfolds, while restructuring its Americas operations to cut costs and improve margins. The plan includes reducing the number of brands to fewer than 30 over five years from 76 today, annual cost savings of about A$100 million, an…
Sunshine Silver Mining & Refining Company has set the terms of its initial public offering, pricing 20 million shares at $13.50 apiece and granting underwriters a 30-day option for 3 million additional shares. The company's common stock is slated to begin trading on the New York Stock Exchange on June 4, 2026 under the ticker SSMR, with the offerin…
Innio, a Munich-based manufacturer of gas engines, raised $2.43 billion in its U.S. initial public offering by selling 90 million shares at $27 apiece. Backed principally by AI Alpine - co-owned by Advent International-managed funds and the Abu Dhabi Investment Authority - the company priced at the top of its indicated range as investors target fir…
INNIO Group set the price of its initial public offering at $27 per share for 90 million common shares, up from an originally proposed 75 million share deal. The transaction is comprised entirely of secondary shares sold by the sole selling shareholder; INNIO will not offer shares nor receive proceeds. Shares are slated to begin trading on the Nasd…
Taiwan Semiconductor Manufacturing Co. (TSMC) told shareholders it expects growth over the next several years as surging demand for computing power from AI deployments supports strong orders for advanced chips. CEO C.C. Wei said customers remain upbeat about the AI sector during the company’s annual meeting in Hsinchu, while Taiwan hosts the Comput…
U.S. equity futures declined Wednesday evening as technology and semiconductor names retreated after Broadcom reported slightly weaker-than-expected revenue and left AI chip sales guidance unchanged. Markets were also unsettled by renewed U.S.-Iran military exchanges and limited progress toward a ceasefire, prompting profit-taking after a strong ru…
Meta has accused Australia of violating its bilateral Free Trade Agreement with the United States by proposing a 2.25% tax on platforms' total Australian revenue, including income unrelated to social media. The company said the measure is broader than prior digital services taxes that prompted U.S. trade responses, and warned other governments to s…
Asian equity benchmarks opened lower as fresh exchanges of fire between the U.S. and Iran pushed investors into risk-off positions. Major regional indices and futures fell, Broadcom shares plunged after disappointing revenue guidance, and commodity and currency markets reflected heightened geopolitical uncertainty. Conflicting signs of de-escalatio…
Quantinuum, a quantum computing company supported by Honeywell, completed an upsized U.S. initial public offering that generated approximately $1.68 billion in gross proceeds. The company sold 28 million shares at $60 apiece and is expected to begin trading on the Nasdaq Global Market under the ticker QNT, with the offering set to close on June 5.
Quantinuum Inc. has priced an initial public offering of 28 million shares of Class A common stock at $60.00 per share and granted underwriters a 30-day option to buy up to 4.2 million additional shares at the IPO price. The company intends to list on the Nasdaq Global Market under the ticker QNT beginning June 4, 2026, with the expected closing of…
The U.S. House of Representatives approved a resolution aimed at preventing President Donald Trump from continuing military operations against Iran, with a 215-208 vote that included four Republican supporters. While the measure marks the first House success of its kind since the conflict began three months ago, it still faces substantial procedura…
The U.S. Federal Communications Commission unveiled plans to strengthen regulation of submarine communications cables that carry the vast majority of international internet traffic. Proposed changes include a first-ever licensing requirement for operators of submarine line terminal equipment, stricter limits on foreign equipment, and a fast-track a…
EU steel exports to the United States have declined by 34% since Washington raised steel and aluminium duties to 50%, Eurofer said, with higher levies on derivative products such as washing machines and motorbikes also weighing on European demand. The industry body urged both sides to implement last July's trade agreement in full and to work on quo…
The U.S. Army has contracted Redwire Defense LLC for $15,857,020 to supply eight Stalker Block 35 systems. The firm-fixed-price award covers systems intended to deliver reconnaissance, surveillance and target acquisition capabilities; work locations and fiscal year funding will be determined per order, with an estimated completion date of Aug. 30, …
AeroVironment Inc. has been awarded a $117.3 million contract by the U.S. Department of War to procure and deliver 82 P550 unmanned aircraft systems to the U.S. Army, the Pentagon said Wednesday. The firm-fixed-price deal covers systems intended to support reconnaissance, surveillance and target acquisition for battalion-level commanders, with work…
Sleep Number Corp. shares plunged in after-hours trading after reports the mattress retailer is lining up financing that could be used in a bankruptcy filing. The company faces falling revenue, heavy borrowings and strained store traffic, with filings showing roughly $606 million of outstanding borrowings at the start of April.
JPMorgan Chase CEO Jamie Dimon will lead a live, interactive discussion this week with thousands of the bank's high-net-worth clients about SpaceX's planned initial public offering. The event, joined by senior JPMorgan wealth executives and SpaceX leadership, will be simulcast across roughly 90 bank locations and comes after SpaceX set an IPO price…
