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.
20,572 total articles
Baird has named six restaurant stocks as its top picks across multiple segments - from drive-through coffee operators to fast-casual Mediterranean chains and established sit-down concepts. Each selection carries distinct operational risks, including growth execution, competition, input costs and geographic concentration. Baird's list pairs recent c…
Uber has committed nearly $500 million to self-driving startup Nuro through an initial and a larger follow-on investment, alongside milestone-based funding tied to driverless testing, passenger trials and service ramp-up. The backing is part of a three-way plan with Lucid to deploy 35,000 robotaxis using Lucid Gravity SUVs, Nuro’s autonomous techno…
British Labour lawmaker Jess Asato has initiated legal proceedings against Elon Musk's xAI, asserting that the firm's Grok AI produced sexualized deepfake images of her and other women and children. The complaint contends the output was not accidental misuse but a product of design choices. xAI and its Grok platform are under regulatory investigati…
British lawmaker Jess Asato has filed a claim in the High Court in England against Elon Musk’s xAI, saying the Grok AI model was used to create fake sexualised images and a video depicting an assault against her. The case seeks damages, a formal finding that the conduct was illegal and an order forcing xAI to stop unlawful activity. The action arri…
Options volume in ZoomInfo Technologies Inc. climbed to 20,836 contracts by 2:20 p.m. New York time on Wednesday, with call contracts outnumbering puts. The most active positions included far-dated January 21, 2028 options and several near-term calls. Meanwhile the stock fell 7.88% to $3.16 and measures of implied volatility and skew moved markedly…
Tesla said it has enabled its unsupervised robotaxi service across the Austin Metro area, intensifying the company’s strategic shift toward autonomous ride-hailing and broader adoption of its full self-driving (FSD) software. The service has been active in Austin for nearly a year and faces user wait times and a smaller fleet footprint than a major…
A DoubleLine portfolio manager told a Bloomberg credit forum that AI-related debt is almost certain to become a bubble. He urged investors to prioritize firms with robust balance sheets and investments that include strong legal protections, while noting that demand for AI debt remains elevated and many deals are supported by large technology compan…
Amazon shares slid nearly 3% in afternoon trading after European Commission proposals targeting cloud sovereignty and chip investment coincided with stronger-than-expected U.S. private payrolls and renewed scrutiny of the company’s proposed capital expenditure plan for AI infrastructure. The stock hit an intraday low of $247.71 before recovering mo…
Apple shares retreated from earlier highs after analysts cautioned that the upcoming WWDC 2026 is unlikely to provide a material boost for the stock. The pullback was reinforced by supply constraints in memory chips, company guidance pointing to margin compression, and a broadly softer U.S. equity tape that hit mega-cap technology names.
Trading on Wednesday produced notable moves across market-cap segments, with several large technology stocks posting declines and a mix of mid- and small-cap companies posting both sharp gains and steep losses. Semiconductor and AI-related names register both advances and pullbacks, while other sectors from payments to construction show broad volat…
A full slate of economic data and Federal Reserve remarks on Thursday, June 4, 2026, puts the labor market back in focus. Traders will watch the weekly Initial Jobless Claims report alongside productivity and unit labor cost readings, continuing claims and Treasury bill auctions. Remarks by Fed officials Mary Daly and Thomas Barkin are also on the …
Earnings season presses on with a varied slate of companies scheduled to publish quarterly results on Thursday. The roster spans cloud-connected operations, networking equipment, athletic apparel, medical devices and enterprise software, with consensus estimates for earnings per share and sales provided ahead of releases both before the market open…
Circle Internet stock fell sharply in mid-day trade after reports surfaced that Stripe, Visa and Mastercard are close to unveiling a new stablecoin platform, with Coinbase reportedly considering joining. The decline was amplified by a Form 144 filing indicating possible insider sales, analyst caution about valuation tied to USDC reserve income, and…
Citi's analysts prefer companies tied to the nuclear supply chain over operators as the industry navigates small modular reactor (SMR) development and ongoing operations at current plants. The firm highlights limited near-term deal activity at reactors, cautious behavior from incumbent owners around cost-overrun risk, and identifies Centrus Energy …
Pershing Square is reportedly preparing an overnight placing of about 80.6 million Universal Music Group shares, with Bank of America marketing the lot in a specified price range. The move follows Universal Music's rejection of a cash-and-stock takeover proposal that Pershing Square submitted in April.
S&P Global Ratings raised International Flavors & Fragrances Inc.'s long-term rating to BBB from BBB- and upgraded the short-term rating to A-2 from A-3, citing sustained adjusted debt-to-EBITDA near 3x or below since the divestiture of its Pharma Solutions business. The agency expects the company to use part of an estimated $3.8 billion in net pro…
S&P Global Ratings moved Exxon Mobil Corp.'s outlook from stable to positive while maintaining the company's long-term issuer credit rating at AA-. The agency expects Exxon to generate substantial free operating cash flow and strong credit metrics over the next 24 months, under price assumptions of $50 WTI, $55 Brent and $2.75 Henry Hub natural gas…
TF International Securities analyst Ming-Chi Kuo reports that Apple has delayed the launch of display-equipped augmented/extended reality smart glasses to 2029, while display-less AI glasses remain on track for 2027. The company reportedly reorganized its product roadmap under incoming CEO John Ternus, removing the Vision Pro line and reallocating …
Anthropic PBC has named Morgan Stanley and Goldman Sachs to lead its anticipated initial public offering, with JPMorgan Chase joining the deal team. The company, maker of the Claude chatbot, has filed confidentially and could pursue a listing as early as October. Anthropic was valued at $965 billion in its most recent funding round. Related filings…
Pershing Square, Bill Ackman’s investment vehicle, is preparing to sell about 80.6 million shares in Universal Music Group via an overnight placing, Bloomberg reported. The placement is being marketed by Bank of America in a range of €17.66 ($20.48) to €18.62 per share. The move follows Universal Music Group's rejection of Pershing Square's cash-an…
Homeland Security Secretary Markwayne Mullin told the House Homeland Security Committee that he has terminated the majority of contracts that remained unsigned when he succeeded Kristi Noem. Contracts already executed will continue unless the department's inspector general identifies problems. Lawmakers pressed Mullin about alleged overspending on …
Air Canada said delivery timings for its Airbus A321XLR fleet remain disrupted, with the airline's chief operating officer pointing to ongoing "friction in the system". The carrier is preparing to put the longer-range single-aisle jet into service this month, while Boeing and Airbus ramp production amid supply chain and labor challenges affecting m…
Eli Lilly has reduced the remaining investment in its Alzey, Germany, production facility by half, removing $1.5 billion from a planned $2.5 billion project and shelving plans that would have supported roughly 1,000 jobs. The move follows proposed German healthcare reforms aimed at lowering drug prices and leaves future expansion contingent on a re…
Bill Ackman's Pershing Square is preparing to sell a significant holding in Universal Music Group NV shortly after the Amsterdam-listed company rejected the fund's takeover proposal, with the placement expected to raise up to about €1.5 billion at the top of the indicated price range. The sale follows a rejected offer that valued UMG at roughly €56…
JPMorgan Chase & Co. is preparing a $1.85 billion debt financing package to support Belden’s purchase of Ruckus Network, with the leveraged loan due to be marketed to institutional investors imminently. JPMorgan had earlier provided a fully committed debt commitment for the deal and has added other lenders, including Wells Fargo & Co. Belden agreed…
