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.
29,905 total articles
Indian markets closed lower on Wednesday with the Nifty 50 down 2.12% and the BSE Sensex 30 off 2.15%, driven by declines in the Banking, Auto and Oil & Gas sectors. Market breadth favored decliners, the India VIX surged, gold fell and crude oil climbed sharply. Major individual movers included gains for ONGC, Bajaj Auto and Hindalco, while Jio Fin…
Bank of America told clients its bias for the S&P 500 in the third quarter remains corrective, while outlining opposing technical cases that are expected to be decided by market moves in July. The note from analyst Paul Ciana also flagged important levels for U.S. 10-year yields, the euro, and Brent crude that could influence market direction.
SambaNova Systems said it raised $1 billion in a Series F round led by General Atlantic, valuing the company at $11 billion post-money. The funding will be directed at increasing production capacity, scaling global deployments and further investment across chips, hardware systems, software and full-stack AI inference infrastructure. The round inclu…
SambaNova Systems announced a $1 billion Series F financing led by General Atlantic that values the AI chip maker at $11 billion post-money. The round attracted several institutional investors and follows earlier investments and partnerships, including work with Intel and a recent selection by JPMorgan Chase to deploy SambaNova inference systems.
Deutsche Bank has been granted a regional headquarters (RHQ) licence in Saudi Arabia, allowing the bank to base its regional management and corporate functions in Riyadh and access major government and state-linked contracts. The move makes this RHQ the bank's third legal entity in the kingdom and aligns with Saudi requirements for multinationals t…
Aperam shares dropped after BNP Paribas Exane downgraded the stock from 'neutral' to 'underperform' and set a €38.00 price target. The move represents the first sell-equivalent recommendation on the company from a major broker, and it compounded an ongoing slide that has seen the stock fall nearly 10% over the past month. With the next earnings rel…
Cathay Pacific Airways will lower fuel surcharges on most passenger routes from July 16, reducing charges on long-haul and regional services by roughly 17% and continuing a biweekly review of levies as jet fuel costs have declined from recent peaks tied to Middle East hostilities and subsequent diplomatic developments.
At this year’s Calgary Stampede, U.S. hyperscalers have a stronger corporate footprint alongside traditional oil and gas participants. Google has the most noticeable presence, hosting a private rooftop event, while Alberta promotes policies and power options aimed at drawing as much as C$100 billion in data center investment and facilitating hypers…
BNP Paribas has reworked its ratings across a group of European and U.S. steel producers, naming ArcelorMittal its new top pick. The bank upgraded Commercial Metals to Outperform while downgrading Acerinox and Aperam to Underperform. Analyst Tristan Gresser cited an unexpected pause in the EU hot-rolled coil rally driven by an import rebound and CB…
Rescue units scoured waters off the southwest coast of Karachi after a Boeing 737-400 cargo aircraft lost contact following a reported navigational system problem. The converted freighter, carrying five crew members, exhibited extreme altitude swings in its final tracked minutes before entering a rapid descent. Authorities have mounted a coordinate…
Apple and Broadcom have signed a multiyear agreement valued at over $30 billion to design and produce custom silicon and wireless connectivity components in the U.S. The arrangement will generate more than 15 billion American-made chips, support hundreds of jobs, and includes a $1.5 billion expansion and modernization of Broadcom's Fort Collins, Co…
Apple will spend more than $30 billion under a long-term chip-supply agreement with Broadcom announced this week. The partnership covers FBAR radiofrequency filters used for wireless connectivity and includes a Broadcom-funded $1.5 billion expansion of a Fort Collins, Colorado plant. The deal, which Broadcom said runs through 2031, is tied to Apple…
Advances in quantum computing research have sharpened concerns within the cryptocurrency industry that current cryptographic systems underpinning blockchains could be vulnerable sooner than expected. Firms, developers and foundations are preparing technical roadmaps to adopt post-quantum cryptography, but the work is complex, costly and organizatio…
Rivian Automotive's stock moved lower in pre-market trading as the company priced a 75 million-share public offering at $15.50 per share, generating roughly $1.2 billion in gross proceeds. The capital raise, tied in part to equity commitments under a U.S. Department of Energy loan agreement, and a 30-day underwriter option for an additional 11.25 m…
Bayer asked a federal judge to dissolve the multidistrict litigation that groups nearly 4,000 claims asserting Roundup causes cancer, citing a recent U.S. Supreme Court decision that limits plaintiffs' ability to base suits on an alleged failure to warn. The company says the federal cases have lost their central theory, while plaintiffs' counsel co…
Bath & Body Works shares fell sharply in pre-market trading after Goldman Sachs downgraded the specialty retailer to a Sell and set a $19.00 price target. The bank cited deteriorating Net Promoter Scores, especially with younger consumers, social media trend signals, and execution risk tied to the company’s first-time expansion into third-party cha…
The European Commission has opened a public consultation on commitments put forward by Sanofi to address concerns that the company may have run a misleading campaign promoting its Efluelda influenza vaccine while disparaging a competitor’s product. The probe, focused primarily on activities in France and Germany, began two weeks ago. Sanofi’s propo…
Dollar Tree shares ticked higher in pre-market trade, buoyed by several analyst upgrades and a Form 4 filing showing a board member purchased roughly $149,000 of stock. Upward revisions from JPMorgan, Raymond James and Goldman Sachs, together with a $2.5 billion share repurchase authorization, have helped the discount retailer hold ground while maj…
TGS NOPEC Geophysical's stock climbed after the Oslo-listed seismic data firm issued a preliminary revenue update for Q2 2026 that exceeded analyst expectations. The company reported produced revenue of roughly $400 million versus a consensus of $359 million, with notable growth in multi-client investments. The formal IFRS results and management pr…
Barrick Mining's stock fell 1.8% in pre-market trading as a sustained pullback in gold prices and unresolved U.S. monetary policy expectations created a risk-off backdrop for the sector. Gold has retreated from its January highs and is trading near $4,100–$4,150 per ounce, while investors await the Federal Reserve's June FOMC minutes that underscor…
Pirelli & C. SPA shares fell sharply after Citi cut its rating from Buy to Neutral, citing a 17% gain over six months and an overbought 14-day RSI. The downgrade, alongside a sell-off across European markets driven by renewed US-Iran tensions, pushed the stock well below the prior session’s level and toward the low end of its intraday range.
France’s competition authority has directed Meta Platforms to reopen negotiations with French press groups over payments tied to publishing content, concluding the company’s fee calculation methods are likely an abuse of its dominant market position. The regulator has given Meta 15 days to present the details of a proposed payment plan. The dispute…
Goldman Sachs downgraded Banco Comercial Portugues (Millennium bcp) from Buy to Neutral and initiated coverage of Banco de Sabadell with a Sell rating, arguing that recent share price gains have reduced upside potential. Millennium bcp shares slipped in Lisbon while Sabadell shares also declined after the calls. Goldman assigned 12-month price targ…
Japanese lunar logistics firm ispace has purchased 500 kg of payload capacity on a future SpaceX Starship flight for $50 million and will construct a lunar surface vehicle to carry multiple customers' cargo. The new 'lunar access integrator' service is intended to provide lower-cost, ride-share passages to the moon and to sit alongside ispace's ded…
Repsol shares climbed sharply after a U.S. presidential statement at a NATO summit triggered a rise in Brent and WTI prices. The stock’s move was underpinned by the company’s Q2 production and refining margin, plus the scheduled interim dividend payment, creating a confluence of macro and company-specific drivers.
