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
ZAI Co Ltd shares rallied after the firm publicly confirmed and open-sourced GLM-5.3-Flash, a 320-billion-parameter, mixture-of-experts model with native support for text, image, and video inputs and a 1-million-token context window. The model - previously circulating anonymously as 'Ox Alpha' - was released under an MIT license with weights upload…
Baidu said it will reclassify its secondary listing on the Hong Kong Stock Exchange to a primary listing effective September 1, establishing a dual listing with Nasdaq. The move makes the company eligible for the Stock Connect scheme and drove a more than 6% rise in its Hong Kong shares (9888) after the announcement. The firm gave no timetable for …
U.S. authorities are investigating Singapore-based Apex Logistics for allegedly handling shipments of Nvidia AI-equipped systems destined for mainland China in 2024. The Commerce Department's Bureau of Industry and Security is leading a probe into 47 shipments that may have moved Nvidia-powered servers from Taiwan to the U.S., onward to Southeast A…
MiniMax shares climbed after the company posted a 283.1% increase in first-half revenue to $116.6 million and reported a stronger gross margin. Rapid expansion of its Open Platform and higher monetization of AI-native products supported the top-line gain, while continued investment in model development widened adjusted losses.
Wesfarmers shares fell after annual results met several headline improvements but failed to assuage investor concerns about ongoing elevated operating costs. While group profit, revenue and EBIT rose year-on-year, management warned that high operating expenses are likely to remain a headwind in FY27. Mixed performances across divisions - with gains…
Shein is preparing to price its Hong Kong initial public offering at HK$48.56 per share, near the middle of its marketed range, in a deal that would raise about HK$13.6 billion and peg the company's valuation at roughly $26.5 billion. The pricing represents a substantial reduction from the private market peak of nearly $100 billion in 2022 and from…
Nvidia reported blockbuster results and raised guidance, sending its stock higher in after-hours trade. Yet market reactions among Asian suppliers diverged sharply: memory producers gained, some foundry and packaging firms were muted or modestly higher, while test-equipment makers slid. The split traces back to Nvidias guidance that gross margins …
U.S. stock futures rose late Wednesday following Nvidia’s robust quarterly report and upbeat guidance, which reinforced hopes for sustained spending on artificial intelligence infrastructure. The gains in futures came even as July inflation readings exceeded expectations, keeping scrutiny on the Federal Reserve’s policy direction ahead of remarks a…
Kioxia Holdings shares jumped after reports that the company plans a major new memory fabrication site in northern Japan, with total investment expected to exceed 1 trillion yen (about $6.27 billion). The move was framed as one of the company's largest capacity commitments and is portrayed as management's bet on sustained AI-driven demand for NAND …
Qantas Airways shares rose 3.1% to A$9.51 after the carrier reported underlying profit before tax of A$2.06 billion, narrowly beating analyst consensus. Positive elements including a final dividend, strong loyalty-unit performance and fleet deliveries offset concerns over sharply higher jet fuel costs in the second half.
Private equity firm KKR has agreed to pay $250 million to resolve a U.S. civil antitrust action alleging repeated failures to comply with premerger filing obligations and efforts to avoid antitrust scrutiny in at least 16 deals. The Department of Justice described the fine as the largest-ever under the Hart-Scott-Rodino Act. KKR said it disagrees w…
Nvidia has engaged in recent acquisition discussions with Hugging Face, with reports indicating a potential valuation above $13 billion while another account cites a $12.9 billion figure. The talks come as Nvidia accelerates AI-related purchases and commits significant equity investment dollars for the rest of the year, days after reporting stronge…
Canadian Solar has enlisted Guggenheim Securities to advise on potential paths for its Recurrent Energy business, according to people familiar with the situation. The unit, which develops utility-scale solar and battery storage projects, has faced interruptions to certain U.S. clean energy tax credits and is pursuing asset sales to lower borrowings…
NVIDIA shares fell 1.5% in after-hours trading to $206.48 even after the company reported fiscal second-quarter 2027 results that exceeded Wall Street estimates on adjusted earnings, revenue and forward guidance. Management delivered adjusted EPS of $2.22 on revenue of $96.22 billion and guided third-quarter revenue to $108 billion, topping analyst…
Synopsys Inc. shares fell 5.1% in after-hours trading to $389 after the company released fiscal third-quarter 2026 results. Markets had entered the print with elevated expectations — including analyst estimates of about $3.67 non-GAAP EPS and roughly $2.44 billion in revenue, and momentum from two beat-and-raise quarters plus an $11 billion backlog…
Nvidia said it expects third-quarter revenue of $108.0 billion, plus or minus 2%, topping analysts' consensus of $104.19 billion. The guidance did not fully soothe investor worries about the company's sustained dominance in AI chips, with shares slipping in after-hours trading and longer-term questions about competition, China exposure and new fina…
Canada's S&P/TSX Composite closed lower on Wednesday, pressured by losses in the Materials, Consumer Discretionary and REITs sectors. The benchmark fell 0.39% as decliners outpaced advancers on the Toronto Stock Exchange. Notable individual movers included gains for TransAlta, Aritzia and Stantec, while Southern Cross Gold Consolidated, Ngex Minera…
Brazil's benchmark Bovespa closed up 0.01% on Wednesday, led by gains in Industrials, Basic Materials and Financials. While several stocks posted solid advances, petrochemical firm Braskem tumbled and implied volatility on Bovespa options climbed to a three-month high. Commodities and currency markets registered selective moves during the session.
HP expects adjusted earnings per share of $0.69 to $0.79 in the current quarter, topping analyst consensus, as estimated tariff refunds and price increases on premium and AI-enabled personal computers help absorb memory chip cost pressures. The company reported stronger-than-expected third-quarter revenue and raised its annual adjusted EPS guidance…
Salesforce raised its fiscal 2027 revenue and adjusted earnings per share outlook, pointing to accelerating enterprise demand for its AI-powered autonomous agents and data products. Shares rallied in after-hours trading as the company highlighted recurring revenue approaching $4 billion and signaled the AI suite as a key growth area.
Salesforce reported a stronger-than-expected fiscal second quarter, led by robust demand for its AI and data offerings and wider margins. The company beat adjusted EPS consensus by a wide margin, matched revenue expectations, and raised full-year revenue and EPS guidance. Management highlighted accelerating AI adoption and growing ARR from Data 360…
Hanover Bancorp Inc. (NASDAQ: HNVR) said its board authorized a repurchase program for up to 370,000 shares, about 5% of outstanding common stock, triggering a roughly 2% rise in after-hours trading. The plan, which begins once a prior program is completed, runs through August 17, 2027, and allows purchases in the open market, private transactions …
Marvell Technology reports after the bell on August 27 with consensus EPS of $0.93 and revenue of $2.71 billion, but the immediate market context is Nvidia's report due the same night. Nvidia's recent trend of beating earnings estimates has not always produced positive stock reactions, and its tone on hyperscaler orders and AI-related capex will li…
Stocks moved unevenly Wednesday as news-driven reactions pushed some large names higher and a broad swath of companies lower. Arista Networks and Arm led gains among the largest-cap names, while a mix of technology, healthcare and small-cap issues posted notable declines. Company-specific earnings results and analyst notes were among the drivers hi…
OpenAI said it is adding ChatGPT for Teachers to 55 additional school systems across 20 states, extending the program to more than 100,000 more educators and staff. The move raises OpenAI’s K-12 partnerships to over 100 organizations across 30 states and complements a multi-state student data privacy agreement and several training efforts.
