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.
3,851 total articles
Target Corporation has bolstered its board with the addition of two seasoned merchandising executives, John Hoke III and Steve Bratspies, signaling a strategic push under incoming CEO Michael Fiddelke to revive brand appeal and sales growth. The appointments come as Target confronts challenges from sales declines, activist investor pressure, and co…
The Metals Co has become the inaugural deep-sea mining company to apply for an international seabed mining permit using the U.S. Department of Commerce’s newly simplified review process. Located in the Clarion-Clipperton Zone between Hawaii and Mexico, the proposed mining regions contain significant deposits of polymetallic nodules rich in critical…
The Oslo OBX index closed lower by 0.60% on Thursday, influenced by declines in the Media, Transport, and Diversified Financials sectors. Despite the overall downturn, certain stocks like Telenor ASA and Norwegian Air Shuttle ASA posted gains. Commodity prices, including crude oil and Brent oil, decreased, while gold futures saw a rise. Currency pa…
The Tel Aviv Stock Exchange saw notable gains on Thursday, with its benchmark TA-35 index climbing to a new all-time peak. Momentum was primarily fueled by robust returns in the insurance, financial services, and communications industries. However, select technology and pharmaceutical stocks lagged, mirroring a cautious market environment influence…
The Athens General Composite index advanced 2.16% to close at a five-year high, bolstered by strong performances in the banking, construction, and energy sectors. Notably, shares of Ellaktor SA, Aktor Symmetochon, and Public Power reported significant increases. While most stocks rose, select real estate and port authority shares experienced declin…
Piper Sandler has upgraded Elanco Animal Health to an Overweight rating, highlighting the company's enhanced presence within large veterinary corporate groups and strong product prospects. The price target for Elanco has been raised to $30. Conversely, Zoetis has been downgraded to Neutral due to anticipated innovation slowdowns and revised price t…
Thursday's trading session exhibited pronounced fluctuations across a spectrum of stocks. Major companies such as Alibaba and Facebook experienced notable gains, while others like Abbott Laboratories faced declines. The movements reflect a complex interplay of earnings reports, corporate developments, and strategic announcements affecting various m…
The Istanbul Stock Exchange's main benchmark, the BIST 100, finished Thursday's session with a 0.97% increase, reaching an all-time high. Gains were primarily driven by strong performances in Telecoms, Textile & Leather, and Information Technology sectors. Key individual stocks, including Katilimevim Tasarruf Finansman AS and EIS Eczacibasi Ilac Si…
Senior health insurance executives from prominent U.S. companies testified before Congressional committees, addressing soaring healthcare costs and worsening affordability for American consumers. The hearings come amid significant premium increases under the Affordable Care Act and after the cessation of enhanced COVID-related subsidies. Rising emp…
Officials from leading health insurance firms—including CVS Health, Cigna, UnitedHealth, and Elevance—testified before U.S. congressional committees regarding escalating healthcare expenses and the consequent decline in affordability for Americans. This scrutiny arises as consumers confront significantly higher Obamacare premiums after the cessatio…
Freeport-McMoRan Inc. is actively pursuing the restoration of its Grasberg mine following a recent operational setback, with goals to recover most of its output by the latter half of the year. The company also projects significant increases in copper production from its leach operations and expanded output in the U.S., while navigating evolving mar…
The hedge fund industry witnessed unprecedented growth in 2023, with net inflows hitting a 16-year high and total assets surpassing the $5 trillion milestone. Improved returns and market volatility led to this surge, positioning hedge funds as a preferred vehicle for portfolio diversification amid evolving economic conditions.
In 2023, hedge funds experienced their strongest capital inflows since before the 2008 financial crisis, with investor net contributions reaching approximately $116 billion. Performance gains further accelerated asset expansion, pushing total hedge fund industry assets beyond a historic milestone of $5 trillion. This surge in interest reflects robu…
The Moroccan stock market closed higher, with the Moroccan All Shares index increasing by 0.76%, bolstered by notable gains in the Banking, Beverage, and Transport sectors. Leading stocks included Miniere Touissit, S2M, and Involys, while Sanlam Maroc SA, SMI, and Cartier Saada experienced declines. Market breadth was positive with more advancing t…
Investment firm Kimmeridge is set to nominate Scott Sheffield, ex-CEO of Pioneer Natural Resources, to join Coterra Energy's board as part of an activist effort aimed at reshaping the company’s strategy. Kimmeridge, holding just over 1% of Coterra, advocates a strategic divestment from natural gas in favor of concentrating on crude oil production i…
Jefferies analyst Brent Thill highlights Microsoft’s 18% stock decline since fiscal Q1 as an opportunity for investors, citing the company’s substantial AI partnerships, cloud platform momentum, and backlog as foundations for sustained growth. Despite the dip, the stock’s valuation is positioned favorably compared to peers, amid expectations of sig…
Barclays has adjusted downward its forecasts for oil and natural gas prices for 2026 and 2027, resulting in the downgrades of APA Corporation and CNX Resources to Underweight. The firm highlights ongoing concerns about global supply overhang in oil markets, easing gas momentum due to supply increases outside core US basins, and geopolitical factors…
European defense equities are demonstrating robust potential as nations amp up military expenditures. Morgan Stanley's top selections in this segment have substantially outperformed broader market indices, bolstered by anticipated increased defense outlays and powerful order backlogs, particularly for firms like Airbus and Rheinmetall.
Janux Therapeutics entered a collaboration and exclusive global licensing agreement with Bristol Myers Squibb to develop an innovative therapeutic targeting a validated antigen found on various solid tumor cancers. This deal includes significant upfront and milestone payments for Janux and assigns Bristol Myers Squibb responsibility for clinical de…
N2OFF Inc, listed as NITO on NASDAQ, saw its premarket stock price rise by 17.6% after unveiling early-stage findings indicating its subsidiary MitoCareX Bio's small-molecule drugs may effectively inhibit inflammation in human immune cells. The company is leveraging its MITOLINE™ platform to model mitochondrial carriers critical for addressing infl…
FTAI Aviation Ltd has entered into a multi-year agreement with CFM International, a GE Aerospace and Safran Aircraft Engines joint venture, to supply component and repair support for the widely used CFM56 engine. This collaboration is designed to enhance FTAI's maintenance offerings, improve fleet reliability for global operators, and reinforce the…
Morgan Stanley identifies an opportunity in Atlassian shares after a 25% drop this year, attributing the decline to exaggerated fears around artificial intelligence impacts. The investment bank highlights Atlassian's robust enterprise adoption, diverse user base, and solid revenue prospects ahead of fiscal second-quarter results, positioning the st…
Shares of Spire Global Inc. (NYSE: SPIR) climbed 5.2% during premarket trading following the announcement that AiDASH selected Spire’s advanced weather intelligence platform. The solution integrates high-resolution weather predictions and meteorological expertise to assist utilities in managing vegetation and weather-related risks, enhancing grid s…
Autodesk has declared a strategic reduction of approximately 1,000 positions, representing 7% of its worldwide workforce, as part of the conclusive phase in its sales and marketing reorganization plan. The San Rafael-based company anticipates significant restructuring costs but expects improved financial outcomes across several metrics in the fisca…
POET Technologies announced a $150 million registered direct offering, issuing over 20 million shares to institutional investors, which led to an 8.1% drop in its stock price during after-hours trading. The funds will advance the company's AI optical engine projects, support growth initiatives, and broaden its investor base.
