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.
17,796 total articles
Shake Shack faced analyst downgrades after management trimmed its second-quarter and full-year outlook, citing weaker sales momentum, elevated commodity and energy costs, and softer tourism. Morgan Stanley and Raymond James lowered their ratings and reduced 2026 EBITDA estimates while still expressing a constructive long-term view of the chain's ex…
IREN Limited announced a transmission connection agreement for an 800MW data center campus at Bundey in South Australia, a move that lifted the company's shares more than 5% in premarket trading. The project is IREN's first disclosed Australian data center, includes four 330kV feeder exits that the company says can support up to 800MW without netwo…
The Tadawul All Share index closed down 0.12% on Wednesday, pressured by declines in the Hotels & Tourism, Media & Publishing and Cement sectors. Market breadth was negative, with more decliners than advancers. Several individual stocks posted notable moves in both directions. Oil benchmarks rose, while gold futures eased and the U.S. Dollar Index …
GlobalFoundries shares climbed 2.5% in premarket trading after the company unveiled a strategic collaboration with the U.S. Department of Energy’s Genesis Mission to accelerate AI chip design and prototype fabrication. The partnership grants Genesis-supported researchers access to GlobalFoundries’ U.S. manufacturing platform, process design kits, d…
Airlines are slowly reinstating some services to the Middle East as regional operators rebuild schedules following war-related disturbances. Despite capacity additions by carriers based in the region, numerous international airlines continue to avoid the airspace and reroute or suspend Europe-Asia and other long-haul services.
Sitecore A/S has acquired Scrunch, a customer-experience platform designed to help brands manage how they appear in AI-generated search responses, for about $225 million. The purchase aims to address challenges that arise as consumers increasingly rely on large language models for product discovery and decision-making. Sitecore’s CEO framed the cha…
Morgan Stanley analysts say a rapid, AI-driven surge in memory chip prices has the potential to spread 'chipflation' beyond data centers into consumer devices, cloud costs and broader macroeconomic measures. With memory prices up roughly six-fold over the past year and major cloud players locking capacity, the brokerage warns the effect may be long…
On June 3, Lockheed Martin reported a successful test in which a missile fired from a standard shipping container intercepted a one-way attack drone. The demonstration used a 10-foot GRIZZLY containerized launcher built from commercial off-the-shelf materials, integrated sensors and radar from partner firms, and showcased a mobile, lower-cost appro…
USA Rare Earth has executed definitive agreements with the U.S. Department of Commerce that unlock up to $1.6 billion in federal financing tied to project milestones. Combined with recent private investment and earlier capital raises, the company says roughly $3.5 billion in committed capital now supports its plan to develop the Round Top heavy rar…
Barclays reviewed proxy filings for seven leading U.S. energy service companies across three industry cycles - 2013, 2019 and 2024-2025 - and found that short-term pay remains closely linked to upstream spending, free cash flow has displaced EPS as a financial metric, ESG has grown in importance, and board tenure patterns vary widely among firms.
Hungary's MOL has requested a 30-day extension from the U.S. Office of Foreign Assets Control to finalize its negotiations to buy a majority stake in Serbia's NIS, Serbia's energy minister said. The request comes ahead of a June 6 deadline tied to an earlier short extension and follows a January binding agreement between MOL and Russia's Gazprom Ne…
The European Commission has introduced two legislative proposals aimed at expanding Europe’s domestic cloud, AI and semiconductor sectors. The Cloud and AI Development Act and Chips Act 2.0 are designed to reduce dependence on non-European providers for critical services, bolster EU-made semiconductors to 20% global market share by 2030, and impose…
Kalshi, a prediction market platform, reported former U.S. Representative George Santos to the Department of Justice after identifying trading activity it deemed suspicious. The company also alerted the Commodity Futures Trading Commission. The trades centered on Santos publicly stating he would attend President Donald Trump’s State of the Union ad…
Shares of several U.S. asset managers fell in premarket trading after Switzerland's Partners Group moved to cap redemptions from an $8.6 billion private-equity vehicle amid elevated withdrawal requests. The action prompted a sharp drop in Partners Group stock in Switzerland and highlighted broader redemption pressures in private markets, with media…
Ulta Beauty shares pulled back in pre-market trading after the company reported stronger-than-expected Q1 FY2026 results but offered guidance and expense details that left little fresh upside for investors. Adjusted EPS and revenue topped estimates, yet raised full-year EPS guidance aligned with prior consensus, while SG&A rose 14.6% largely due to…
The European Commission has tabled two pieces of legislation intended to expand the EU's cloud, artificial intelligence and semiconductor industries while reducing dependence on U.S. technology providers. The measures set a target of increasing the EU's share of global semiconductor production to 20% by 2030 and introduce sovereignty requirements f…
Digi Power X said Wednesday it has committed $35 million to acquire NVIDIA’s Vera Rubin rack-scale systems to expand capacity for its NeoCloudz GPU-as-a-Service offering. The company plans to fund the purchase from cash on hand, deploy the systems through NeoCloudz and proceed with a phased data center buildout that targets service dates in late 20…
Yardeni Research, which holds the highest year-end S&P 500 target on Wall Street at 8,250, says it is adopting a cautious stance on equities in the near term even as the S&P 500 surpassed 7,600 for the first time. The firm flagged a set of near-term risks - an unresolved Middle East conflict, warnings from major oil executives about low inventories…
AlphaSense announced a $350 million funding round that values the company at $7.5 billion, almost double its prior valuation. Led by Vitruvian Partners, Accenture Ventures and J.P. Morgan Asset Management, the investment will be used to extend the firm's international footprint and scale global customer support as it continues to grow recurring rev…
Circle Internet shares fell about 2% Wednesday morning after a report said Stripe, Visa and Mastercard are preparing to launch a shared stablecoin platform. The report cited three people familiar with the plans and said Coinbase is exploring participation, according to one source. Stripe, Visa and Coinbase declined to comment; Mastercard had not re…
A Morgan Stanley-hosted panel featuring leaders from Mindspace REIT, CapitaLand India Trust and Invest India concluded that India’s data center industry has significant runway for expansion but faces infrastructure constraints. With current capacity at about 1.4GW - roughly 1W per person - India trails China and the United States on a per-capita ba…
Raymond James says lumber equities are trading near multi-cycle lows at about 0.5 price-to-book after 15 quarters of housing weakness, and its supply-demand model anticipates tightening fundamentals driven by reduced European and Canadian shipments. The firm highlights select producers and distributors as potential beneficiaries of a recovery and q…
India's Union Cabinet approved up to Rs100 billion in budgetary support to Oil Marketing Companies to stabilize aviation turbine fuel (ATF) prices for scheduled carriers on domestic and international routes. Goldman Sachs estimates the relief could cover between two and five months of fuel support depending on the price metric used, and notes the g…
Morgan Stanley reduced its recommendation on Panasonic Holdings to Equal-Weight from Overweight, saying the company's recent surge tied to AI infrastructure demand has diminished potential upside. The firm simultaneously lifted its price target to 3,900 yen from 3,000 yen and upgraded earnings forecasts while moving to a price-to-earnings valuation…
Morgan Stanley increased its price target on ASML Holding NV to €1,660 from €1,400 and maintained an overweight rating after interpreting comments from the company’s April annual general meeting as evidence of firmer near-term extreme ultraviolet (EUV) shipment capacity. The bank raised its unit shipment forecasts for 2027 and 2028, adjusted its va…
