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.
29,439 total articles
WPP is preparing to cut as many as 1,000 additional jobs by year-end under an AI-focused restructuring program led by chief executive Cindy Rose. The moves - which include disposing of non-core businesses and consolidating office space on the south bank of the River Thames - follow roughly 11,000 job eliminations since early 2025 and come amid broa…
Asian stock markets moved lower as investors stayed cautious about the path of U.S. interest rates amid a jump in oil prices and renewed Middle East tensions. Stronger-than-expected export data from South Korea and an uptick in China's private-sector manufacturing PMI provided some regional support, while a weak Hong Kong debut for Shein and corpor…
Kyowa Kirin's shares climbed after the company joined eight other drugmakers in a U.S. pricing agreement announced by the Trump administration. The pact, which requires participating firms to reduce prices for medicines in the U.S. Medicaid program, coincided with the company reaffirming a positive tone after reporting favorable results for the Jan…
Astellas Pharma's stock rose 2.2% to ¥2,423.5 on Tuesday after the company joined a U.S. pricing agreement announced by the Donald Trump administration and reported strong fiscal first-quarter results in August. The move outpaced a 0.2% decline in the Nikkei 225 index on the same day, driven by the company's commitment to lower prices of its medici…
Shein Global's shares opened at the HK$48.56 IPO price in Hong Kong but slid to HK$43.80 on debut, a roughly 10% fall as investors digested slower revenue growth, rising trade costs and governance and capital structure details tied to the listing. The IPO raised HK$13.6 billion and set a post-offer valuation near $26.5 billion, a steep reset from p…
HSBC has joined at least six private equity firms in a contest to acquire a majority stake in Nuvama Wealth and Investment after owner PAG revived a sale process it had paused a year ago. Non-binding offers were submitted last week, and the transaction would trigger an open offer for another 26% of the company.
Mitsui & Co. will acquire an additional 19% interest in Nutrinova Netherlands from Celanese Corporation for roughly $152 million in cash, taking its total ownership to 89% and prompting consolidation of Nutrinova as a Mitsui subsidiary. Celanese will retain a minority stake after the deal, the companies said.
An Australian Federal Court judge indicated he may compel Tesla to permit a court-appointed expert to access the company's internal engineering platforms in a class action alleging phantom braking and overstated self-driving capabilities and battery range. The suggestion comes after applicants' lawyers said documents already produced by Tesla do no…
MediaTek shares climbed sharply after Nvidia agreed to buy $3.5 billion of the Taiwanese chip designer's convertible bonds as part of a record $3.9 billion overseas issuance. The transaction is intended to deepen collaboration on AI data-center systems, personal computing and AI-enabled vehicles while giving MediaTek customers access to Nvidia's NV…
Shares of fast-fashion company Shein were poised to open unchanged in their Hong Kong market debut, reflecting a market reception tempered by a string of obstacles that delayed the listing and eroded investor confidence. Once touted as a near-$100 billion private startup in 2022, the company’s recent initial public offering placed its valuation at …
Australia’s anti-money laundering regulator has launched an investigation into The Western Union Company and its Australian subsidiary amid concerns that the money remitter may not be adequately managing high-risk payment channels and associated criminal exploitation risks. The probe will review the firm's AML and counter-terrorism financing progra…
U.S. Treasury Secretary Scott Bessent told Japanese officials they should present a clear plan for fiscal sustainability and for raising interest rates, according to NHK, which cited a senior U.S. Treasury official. Meetings on the sidelines of the G20 finance ministers and central bank governors gathering in Asheville, North Carolina, included sep…
U.S. stock index futures were largely unchanged Monday evening as investors weighed the possibility of further Federal Reserve rate increases and renewed military skirmishes between the U.S. and Iran. Rising oil prices and higher Treasury yields pressured risk assets during the regular session, while market participants prepared for key U.S. nonfar…
An AI-powered stock selection service recorded substantial gains in August across a wide range of sectors, led by standout moves in energy and precision manufacturing. More than 30 AI-chosen names gained over 30% during the month, and several longer-term picks have produced triple-digit returns since they were first selected. A new monthly rebalanc…
Ares Management’s real estate arm has closed its fifth Japan logistics development fund at 612 billion yen ($4 billion), reaching its hard cap and becoming the unit’s largest closed-end institutional raise to date. The fund will focus on building modern logistics facilities across Japan’s primary metropolitan areas and benefits from significant com…
Shein’s long-anticipated listing in Hong Kong on Sept. 1 marks the culmination of a protracted drive to access public capital after failed attempts to list in the West. Early signals from gray-market trading point to an uninspiring start, with the stock indicated at more than 10% below the IPO price and the offering valuing the company at roughly $…
Metallus Inc. said Chief Executive Officer Michael Williams will step down as CEO and from the board on December 31, 2026. The board has tapped current president and chief operating officer Kristopher Westbrooks to become president and CEO on January 1, 2027. Metallus shares fell 3% in after-hours trading on Monday after the announcement. Williams …
President Donald Trump said on Monday that ExxonMobil is among the oil majors preparing to do business in Venezuela, comments that come as U.S. and Venezuelan officials are expected to sign a deal granting U.S. access to a significant share of Venezuela's crude reserves. ExxonMobil declined to comment, and the company has previously described Venez…
Mexican shares closed slightly lower on Monday, weighed by losses in the Industrials, Consumer Goods & Services and Consumer Staples sectors. The S&P/BMV IPC fell 0.08% as a handful of large-cap stocks moved the index, while commodities and currency pairs showed mixed performance. Orbia Advance, Sigma Foods and Grupo Mexico were the session's stron…
General Dynamics Information Technology Inc. received a $43.9 million cost-only contract modification from the U.S. Department of Defense to provide in-service engineering support and to produce key electronic and launch control assemblies for the MK 41 Vertical Launching System. Work will be carried out in Falls Church, Virginia, with the Naval Su…
The COLCAP index closed lower on Monday, retreating 1.34% as losses in Financials, Investment and Public Services stocks pressured the market. Corporacion Financiera Colombiana led gains on the index, while Grupo Cibest and Grupo de Inversiones Suramericana shares were among the largest decliners. Commodity prices were mixed, with coffee and cocoa …
Northrop Grumman Corp. has received an $86.1 million task order from the U.S. Department of War to provide program management, maintenance, sustaining engineering and related support services for the Air Force's remote visual assessment program. The task order, FA8214-26-F-B017, is issued against a ground subsystem support contract awarded in 2021 …
HomeServe is holding preliminary talks for a $1.8 billion bond issuance secured by its assets through a whole-business securitization arranged by Jefferies Financial Group. Proceeds are slated to refinance existing debt and to fund a $600 million dividend to owner Brookfield Asset Management. The planned financing would use a mix of public and priv…
Russian equities finished higher in Moscow on Monday, driven by strong moves in the Mining, Oil & Gas and Power sectors. The MOEX Russia Index climbed 3.15% at the close, while a broad majority of listings advanced. Volatility, measured by the RVI, eased and commodities showed mixed moves including a sharp gain in October crude.
Hims & Hers Health Inc has begun offering branded GLP-1 weight-loss medications and additional men's health therapies in Australia via the Pilot telehealth platform, following its acquisition of digital health provider Eucalyptus earlier in 2026. The rollout includes sexual health and cholesterol treatments, the migration of Pilot clinicians to Him…
