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.
20,608 total articles
Carriage Services Inc. said it has acquired substantially all assets of McCammon Ammons Click Funeral Home in Maryville, Tennessee, marking the company's first move into the Greater Knoxville market. The acquisition, whose terms were not disclosed, was followed by a roughly 3% gain in Carriage Services stock in after-hours trading. Company executiv…
NeoVolta Inc. said it plans an underwritten public offering of common stock or pre-funded warrants, and granted underwriters a 30-day option to purchase up to 15% additional securities. The announcement coincided with an approximately 7% decline in the company's shares in after-hours trading. The offering is subject to market conditions, and Lake S…
Amazon said Dr. Roy Schoenberg, a co-founder of telehealth firm American Well Corp., will become head of its healthcare business on July 1. Schoenberg recently stepped down as executive chairman of Amwell after serving as co-CEO through 2024 and currently leads elder care startup Aileen.ai. Neil Lindsay, who has run the unit since November 2021, wi…
Ford Motor Co. shares climbed sharply, reaching an intraday 52-week high and their strongest levels in nearly three years, after the company unveiled Ford Energy and an associated supply agreement with EDF Power Solutions North America. Backed by an approximate $2 billion investment, the new unit will repurpose electric-vehicle batteries into stati…
BBB Foods Inc. (NYSE:TBBB) saw its shares fall 3.2% in after-hours trading following the company’s announcement of an underwritten public offering totaling 13,304,174 Class A common shares, including shares issued by the company and shares sold by existing holders. The deal includes a 30-day option for underwriters to buy additional shares, and the…
Verra Mobility disclosed that Avis Budget Group terminated its tolling services agreement, a shift that analysts say will eliminate roughly 13% to 14% of the company’s annual revenue and put substantial pressure on near-term profitability. Brokerages have responded with downgrades and large reductions to price targets and earnings expectations, whi…
At a closed investor day in New York, America Movil presented multi-year guidance that projects steady service revenue and EBITDA growth from 2026 through 2028 while maintaining capital expenditures at about $7 billion per year. The company said most of its costly 5G radio frequency purchases are behind it, enabling a stable investment profile and …
Target Hospitality Corp. (NASDAQ: TH) saw its shares drop following the announcement that two entities controlled by TDR Capital are selling 7,000,000 common shares through an underwritten secondary offering. The company will not be issuing new shares and will not receive any proceeds from the transaction. Underwriters have a 30-day option to buy u…
Perella Weinberg Partners is planning a reduction of almost 10% of its approximately 700-person workforce, a move that includes about a dozen partners and targets weaker industry sub-sectors, according to reporting that cited a person familiar with the matter. The firm confirmed the cuts and said they are separate from its artificial intelligence w…
On May 27, Synopsys raised its fiscal 2026 revenue and adjusted profit guidance, citing continued strong demand for its chip design software from companies building AI chips and related infrastructure. The company also provided third-quarter revenue guidance in line with analyst expectations and reported second-quarter revenue ahead of estimates.
A raft of corporate earnings and forward guidance reshaped after-hours trading, with Snowflake rallying sharply after a beat and a large infrastructure commitment from AWS, Marvell posting strong results and guidance, and other enterprise software and hardware names seeing mixed reactions. Several companies beat near-term expectations yet faced div…
U.S. equity markets finished higher on Wednesday, driven by gains in the Consumer Goods, Consumer Services and Healthcare sectors. The Dow Jones Industrial Average rose 0.36% to a record close, while the S&P 500 and Nasdaq Composite posted smaller advances. Individual winners on the major indices included Procter & Gamble, Boeing and Amazon, while …
Canadian equities closed lower on Wednesday, with the S&P/TSX Composite finishing down 0.70%. Losses were concentrated in the Energy, Materials and Healthcare sectors, while several individual issues, including goeasy, West Fraser Timber and Exchange Income, recorded notable gains. Market breadth favored decliners and commodity prices fell, with cr…
The main Brazilian equity index, the Bovespa, finished Wednesday’s session lower, pulled down by losses in Public Utilities, Real Estate and Consumption sectors. Market breadth was mixed as winners slightly outnumbered losers, while commodity prices and FX pairs also moved notably during the trading day.
HP reported second-quarter revenue and adjusted earnings above analyst expectations, driven by demand for AI-optimized personal computers and a Windows 11 upgrade cycle. The company cited rising commodity costs and a constrained memory market as industry-wide headwinds while updating fiscal 2026 guidance and projecting third-quarter earnings in lin…
Raymond James' recent channel checks with private retailers and industry participants across the U.S. indicate mattress and furniture sales rose an estimated 1% to 2% over the Memorial Day weekend. Bedding outpaced the broader furniture category, promotional activity varied by brand and retailer, and commodity-related input cost inflation is expect…
Synopsys has reached a settlement with activist investor Elliott Investment Management that will add Elliott managing partner Jesse Cohn to the semiconductor software maker's board. The deal follows roughly two months of discussions and comes after Elliott pushed Synopsys to focus on margin improvement; the company's shares have risen about 20% sin…
Snowflake raised its fiscal 2027 product revenue forecast, citing growing enterprise adoption of its data warehousing services and accelerating use of AI-focused offerings. The company raised its product revenue outlook to $5.84 billion and reported first-quarter total revenue above analysts' expectations, underpinned by customer migrations from le…
Carlyle Group's CEO Harvey Schwartz told investors a newly created platform to target defense-related investments has an effectively unlimited market, citing broad-based increases in government military budgets. The unit will pursue opportunities across defense, aerospace and industrials and could enable Carlyle to pursue mid-sized transactions it …
Moody's Ratings raised Wolverine World Wide's corporate family rating to B1 from B2 and upgraded several debt and liquidity scores, attributing the changes to improved operating performance, reduced leverage and healthier liquidity that are linked to a turnaround at Merrell and Saucony. The outlook was left stable.
Fitch Ratings downgraded Whirlpool Corporation's long-term issuer default rating to 'BB-' from 'BB' and set a Negative outlook, citing weaker consumer demand, compressed margins and heightened leverage. The agency also cut unsecured debt ratings to 'BB-' while affirming short-term ratings at 'B'. Fitch attributes the deterioration to sluggish housi…
S&P Global Ratings raised Snap Inc.'s issuer credit rating to BB- from B+, citing stronger operating metrics and reduced financial leverage. The agency also upgraded the company's unsecured note ratings to BB- and left the recovery rating unchanged at 3. S&P highlighted a drop in adjusted gross leverage, an increase in free operating cash flow to d…
Robinhood Markets shares climbed after the company introduced two AI-driven offerings that allow autonomous agents to trade and make purchases on behalf of users. The product announcements, a Goldman Sachs Buy reiteration with a $94 price target, and a same-day CFO appearance at a major investor conference combined to boost investor interest despit…
Adyen N.V. said Chief Financial Officer Ethan Tandowsky will resign effective Aug. 31, 2026, to pursue an opportunity outside fintech. Tandowsky, who joined the company in 2016 and became CFO in 2023, has overseen global finance through notable growth. The Supervisory Board will launch a search for his replacement. Adyen's stock fell 3% in OTC trad…
Federal Aviation Administration leadership expects the Boeing 737 MAX 7 to clear certification this summer and the larger MAX 10 before year-end, and supports continued increases in MAX production rates after a recent raise from 42 to 47 planes per month. The FAA highlighted closer collaboration with Boeing on quality and transparency amid ongoing …
