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.
17,954 total articles
Morningstar's appraisal places SpaceX at $780 billion, substantially lower than the $1.75 trillion valuation the company is targeting for its upcoming IPO. The research house singled out uncertainties around SpaceX's artificial intelligence initiatives, including xAI and X, and noted technological and competitive risks for Starlink and proposed orb…
VCI Global Ltd reported that its wholly owned unit, V Gallant Limited, has entered a definitive agreement to acquire PT Fine Carbon Credit Indonesia, a carbon-asset platform linked to roughly 241,000 hectares of forestry across four project sites in Indonesia. The announcement preceded an 18.1% slide in VCI Global shares in premarket trading. The c…
Morningstar values SpaceX at $780 billion, substantially lower than the company's stated IPO target. The research firm questioned the economics and competitive position of SpaceX's AI initiatives and highlighted technological and external risks for Starlink. Despite near-term upside driven by low float and heavyweight underwriters, Morningstar caut…
Goldman Sachs' review of nearly all S&P 500 constituents finds real revenues excluding energy up 6.3% year-over-year in Q1. Companies reported limited signs of demand weakening even as the Iran war and higher oil prices pushed input costs and squeezed margins. AI spending by hyperscalers and corporate capital expenditure plans remain a key growth e…
Saudi Arabia's main stock gauge closed marginally higher on Tuesday, lifted by advances in Telecoms & IT, Cement and Financial Services. The Tadawul All Share finished up 0.05%, with notable moves among individual stocks while commodities and currency markets showed modest shifts during the session.
Cingulate Inc. (NASDAQ: CING) saw its stock fall roughly 20% following disclosure that the U.S. Food and Drug Administration issued a Complete Response Letter for the company's New Drug Application for CTx-1301, an attention deficit/hyperactivity disorder treatment. The FDA's response focused on Chemistry, Manufacturing and Controls (CMC) informati…
Stellantis plans to build 2 million cars per year on its STLA One architecture by 2035, aiming for a 20% improvement in competitiveness versus its current platform and cost parity with Chinese automakers in Europe. The platform is slated to begin production in Spain in 2027 with the new Peugeot 208 and was showcased at the Mulhouse plant as part of…
Victoria’s Secret shares surged 34% in premarket trading after the company reported broad-based double-digit quarterly revenue growth and raised fiscal 2026 sales and adjusted operating income forecasts. Management attributed the results to stronger selling prices, reduced promotional activity and expanding customer engagement, while noting an unce…
Forbright Inc., a financial-services platform combining middle-market lending with a recently launched digital deposit product, has filed to sell up to 7.9 million shares in an initial public offering priced between $18 and $20 each, seeking proceeds of as much as $158 million. The company reports significant growth in consolidated assets and net i…
Impulse Space announced a $500 million Series D round that sets the company's post-money valuation at $4.26 billion. The financing, co-led by 137 Ventures and Banner VC with participation from existing backers, will be directed to expanding the startup's workforce and manufacturing capacity as it advances missions with its Mira vehicle and prepares…
Virgin Galactic's stock fell sharply after the company announced it would use common stock to redeem a portion of its outstanding First Lien Notes. The plan, disclosed in a securities filing, calls for issuing shares in lieu of cash to retire up to $30.5 million of the 9.80% notes due December 31, 2028, a move the company says is part of its capita…
Impulse Space announced a $500 million Series D round co-led by 137 Ventures and BANNER VC, pushing the company’s total capital raised above $1 billion. The proceeds will be used to expand headcount, broaden manufacturing capacity and scale production of spacecraft and propulsion systems that reposition payloads after launch.
BofA Securities downgraded Nubank from "neutral" to "underperform" and trimmed its price objective to $10 from $16 following the announced departure of CFO Guilherme Lago. The move reflects mounting concern about recent C-suite exits, rising execution risks, and reduced earnings visibility as BofA also lowered its valuation multiple and updated med…
Celcuity Inc. (NASDAQ: CELC) saw its shares decline 15% on Tuesday after the company released detailed efficacy and safety data from the PIK3CA mutant cohort of the Phase 3 VIKTORIA-1 trial. Gedatolisib, tested as both a triplet with fulvestrant and palbociclib and as a doublet with fulvestrant, produced sizable reductions in the risk of disease pr…
Micron Technology’s rapid ascent to a $1 trillion market valuation reflects a sharp strategic pivot catalyzed by Nvidia. Long known for running factories on tight budgets and treating memory as a commodity, Micron revisited its technology and spending approach after Nvidia’s leadership warned that memory would become a bottleneck for AI. That shift…
Shake Shack Inc. shares dropped 7% after the company lowered its guidance for second-quarter revenue, same-shack sales, restaurant-level profit margins and full-year adjusted EBITDA and net income for fiscal 2026. Management cited macroeconomic uncertainty and increased competition while maintaining its licensing revenue target and planned restaura…
Impulse Space, a Redondo Beach startup developing orbital transfer vehicles and propulsion systems, said it raised $500 million in a Series D round that values the company at $4.26 billion. Founded by Tom Mueller, a former SpaceX propulsion lead and the company's first employee, Impulse has flown three missions, reported hundreds of millions in cus…
Barclays upgraded price targets for SK Hynix and Samsung’s GDRs, citing accelerating memory demand from AI datacentres and a supply outlook that the bank expects to remain tight through at least the end of 2027. The bank raised SK Hynix’s target to €2,300 and Samsung’s GDR target to $7,300, keeping both names at Overweight after updating its global…
CoreWeave Inc. shares climbed in premarket trading after BNP Paribas began coverage with an outperform rating and a $192 price target. The move followed a sharp one-day gain tied to a broader rally in Nvidia shares after CEO Jensen Huang’s keynote at Computex and GTC Taipei 2026, and came with analyst commentary highlighting CoreWeave’s strategic r…
Meta said it is expanding content controls for teen users across Instagram, Facebook and Messenger worldwide to promote age-appropriate experiences. The company confirmed that 13+ content settings will be the default on teen accounts and that a more restrictive "Limited Content" option will arrive on Facebook and Messenger later this year. Instagra…
At its industry conference, Morgan Stanley reported broad-based improvements in U.S. lodging driven by leisure and group bookings and a recovery in corporate travel. Domestic gaming trends were described as stable to accelerating outside Macau. The firm flagged artificial intelligence as an emerging influence on revenue and distribution strategies,…
At the 42nd Bernstein Strategic Decisions Conference last week, GE Vernova executives outlined a multi-year growth plan centered on backlog execution, services expansion and targeted acquisitions. The company reported a sizeable installed base, a large services backlog, rapid expansion in electrification orders and early integration progress from r…
Baird's upstream inflation tracker for U.S. packaging and materials companies recorded a 30% year-to-date increase through May, the fastest rise since the post-Covid period. The firm reported a month-over-month deceleration in May, which it views as a potential sign that raw material cost pressures are moving toward a plateau following a spike tied…
Philip Morris on June 2 cut its annual profit forecast, citing margin pressure from elevated energy costs linked to the Iran conflict, currency fluctuations and softer consumer spending. CEO Jacek Olczak described recent U.S. FDA relaxation on enforcement for unauthorized vaping and nicotine pouches as a "net positive" for Zyn, and the company intr…
Tesla reported a 39.4% year-on-year increase in China-made deliveries for May, driven by shipments of Model 3 and Model Y vehicles from its Shanghai factory. The plant delivered 85,982 units in May, a figure that includes exports to Europe and other regions, and represents an 8.2% gain from April.
