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.
20,605 total articles
People Inc., chaired by Barry Diller, is reportedly preparing a cash proposal to acquire the remainder of MGM Resorts, valuing the casino operator at more than $18 billion. The planned offer of $48.30 per share would target the 73.9% stake People does not already control. The report lifted MGM stock by more than 10% in premarket trading and pushed …
Arm Holdings ADR jumped sharply in pre-market trading after Nvidia introduced two Arm-architecture chips at Computex 2026: the RTX Spark consumer superchip and Vera, a standalone data center CPU. The announcements, coupled with a Barclays price-target increase and Arm's recent record quarter, propelled the stock higher and lifted related names acro…
A U.S. delegation led by chief negotiator Brendan Lynch will meet Indian trade officials for three days in New Delhi to advance a trade deal. New Delhi plans to press for relief from tariffs tied to the U.S. Section 301 investigation and to seek tariff terms that would improve its competitiveness versus other Asian manufacturing hubs. A source said…
Friday’s SEC filings reveal a mix of large insider purchases and disposals among U.S.-listed companies. Significant buy activity included a large indirect stake increase at Annexon and multi-tranche purchases at Cardinal Infrastructure, Autodesk, Global Partners and AutoZone. On the sell side, company insiders and affiliated entities executed large…
Quantinuum, the Honeywell-affiliated quantum computing company based in Broomfield, Colorado, has increased the size of its planned U.S. initial public offering and is now seeking a valuation of as much as $14.3 billion. The company is marketing 26.5 million shares at $53 to $55 each, aiming to raise up to $1.46 billion, up from an earlier proposal…
JPMorgan told clients it remains constructive on the Magnificent Seven names after a significant derating earlier this year left valuation room for recovery. The bank acknowledged headline risk from the Middle East and tempered expectations that this rally will mirror the concentrated, mega-cap technology-led advance seen in 2025. It flagged tactic…
Grail Inc. shares tumbled about 20% Monday morning after the company disclosed full results from its registrational PATHFINDER 2 study at the American Society of Clinical Oncology annual meeting. The Galleri multi-cancer early detection test was evaluated in 35,878 U.S. and Canadian participants aged 50 and older. The study found a large increase i…
Hungarian Prime Minister Peter Magyar announced he will initiate legal proceedings to remove President Tamas Sulyok if the president does not resign. Magyar, whose centre-right Tisza party swept to power in April, has repeatedly urged Sulyok - a Fidesz appointee elected by the previous parliament - to vacate the largely ceremonial presidency. Sulyo…
Saudi Arabian equities ended lower on Monday, with the Tadawul All Share index closing down 0.62%. Agriculture & Food, Energy & Utilities and Cement stocks were among the main drags. Several individual names saw double-digit percentage moves in either direction, while key commodity and currency benchmarks registered notable shifts.
Quantinuum Inc. raised its proposed initial public offering price range to $53 to $55 per share from $45 to $50, and increased the number of shares to be sold to 26.5 million from 21 million, taking the IPO target to $1.6 billion. The company will list Class A common stock on the Nasdaq Global Market under the ticker QNT and will convert to a holdi…
U.S. equity benchmarks finished Friday at intraday record levels, capping a robust month driven by gains in technology shares. Dell Technologies delivered an outsized single-day gain after topping revenue and earnings expectations and boosting its full-year outlook. Investors will focus next week on the May employment report and quarterly results f…
SpaceX's amended prospectus filed Monday specifies that up to 5% of Class A shares will be reserved for certain employees and friends and family of its executive officers through a directed share program. The filing reiterates that those participants will not be subject to the usual lock-up restriction even as the company said over 60% of pre-IPO s…
Morgan Stanley upgraded Dell Technologies to Equal-weight from Underweight and raised its price target to $448 from $170 after concluding the company is navigating the semiconductor supply shortage more effectively than peers. The change follows Dell's first-quarter results and a research trip to Taiwan, prompting the bank to boost its fiscal 2027 …
Shares of Strategy Inc (NASDAQ:MSTR) declined 4.7% on Monday following an SEC filing that disclosed the sale of 32 bitcoin last week and additional equity sales under an at-the-market program. The filing detailed the bitcoin sale proceeds and reaffirmed the companys sizeable bitcoin position, outstanding issuance capacity, declared preferred divid…
Motorola Solutions has agreed to acquire Israeli start-up D-Fend Solutions for $1.5 billion, acquiring radio-wave based drone-takeover technology to address growing threats from rogue drones. The purchase, expected to close in the fourth quarter of 2026, complements Motorola's earlier Silvus acquisition and taps a rising market driven by new U.S. l…
MGM Resorts International stock climbed about 10% Monday after reports that Barry Diller's People Inc., formerly IAC, is preparing an $18 billion all-cash takeover proposal. The reported offer would value the remaining 73.9% of MGM not owned by People Inc. at $48.30 per share, a 10.6% premium to the prior close. People Inc. already holds a 26.1% st…
Texas Capital reduced its recommendation on Caesars Entertainment to Hold after Fertitta Entertainment agreed to acquire the company for $31 per share. The firm says the offer - which values Caesars at about 7x 2027 EV/EBITDA and roughly $17.6 billion in total - limits upside for public shareholders even though Caesars' operations and cash generati…
A draft European Commission proposal under the Cloud and AI Development Act would impose strict eligibility conditions for cloud services used in highly critical government tenders. The measures, which EU tech chief Henna Virkkunen is set to present on Wednesday as part of a broader tech sovereignty package, include mandatory non-price award criter…
U.S. equity futures moved higher Monday morning as optimism around artificial intelligence was reinforced by Nvidia's launch of a new high-end processor for Windows PCs. The advance in futures followed gains at the end of last week, even as fresh strikes in the Middle East dimmed prospects for a near-term ceasefire agreement between the U.S. and Ir…
SoftBank CEO Masayoshi Son told reporters in Paris that the artificial intelligence revolution will outstrip the dotcom boom by an order of magnitude, describing any market correction on the way as an opportunity to buy. The remarks accompanied SoftBank’s announcement of a €75 billion ($87 billion) investment to develop AI data center capacity in F…
IBM shares rose as much as 15% in premarket trading on Monday after a video of President Donald Trump complimenting IBM CEO Arvind Krishna circulated on social media over the weekend. The clip, originally from a December event, was reshared widely and one post surpassed 700,000 views by 7:30 a.m. in New York. The move in IBM follows a 33% rally in …
New vehicle registration figures released Monday by national automotive organizations show sizable increases in Tesla registrations across several European countries in May. While electrified vehicle uptake in Europe continues to rise, underlying competitive pressures and other headwinds remain in play for Tesla's regional position.
FedEx Corp. completed the spin-off of its freight business by distributing the majority of FedEx Freight Holding Company’s shares to its shareholders and launching the new company’s stock on the New York Stock Exchange. The parent company retained a minority stake with plans to divest it within two years, while FedEx’s common shares reacted positiv…
Goldman Sachs has increased its three-, six- and 12-month price targets for the Stoxx Europe 600 and also raised targets for the Euro Stoxx 50 and FTSE 100, citing resilient European earnings and specific sector tailwinds. The bank nevertheless retains an Underweight view on the region relative to global peers, and points to nascent but promising M…
JetBlue raised its second-quarter jet fuel cost estimate to $4.26-$4.36 per gallon, up from a prior range of $4.13-$4.28, amid industry-wide pressure from disruptions tied to the closure of the Strait of Hormuz. The carrier said it expects to recapture 40% or more of the higher fuel expense in the quarter due to steady operations, and it pushed its…
