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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.
30,098 total articles
Evonik Industries said it will cut 3,200 jobs worldwide through 2029 and discontinue its global polyester business in 2027, measures the company says are part of additional restructuring and cost-reduction efforts. The announcement weighed on the stock, which slid about 2% following the news. The polyester arm, generating roughly c150 million in a…
Rumble Inc. shares jumped 16.8% in pre-open trading following the formal close of its acquisition of Northern Data AG, a corporate rebrand to RUM Group Inc., and the launch of a new AI infrastructure division called Quake AI. The deal combines Rumble Cloud’s CPU resources with Northern Data’s roughly 22,000 NVIDIA H100/H200 GPUs across nine data ce…
Edenred SA shares climbed sharply after the company confirmed it had received approaches from investment funds about a possible acquisition. The move follows media reports that BC Partners is exploring a buyout with the aim of forming a consortium that could include PSP Investments. The stock’s steep discount to analyst targets and its slide from p…
Maserati has revealed updated versions of its GranTurismo, GranCabrio and Grecale models, ahead of a December capital markets day that will outline a fresh strategic direction for the Stellantis-owned luxury marque. The revamp brings extended electric ranges, a new 590-horsepower six-cylinder for the GranTurismo and GranCabrio, and the availability…
Edenred saw a sharp intraday gain after a French newsletter reported that BC Partners has been evaluating a take-private of the employee-benefits group. The report said BC Partners has studied the opportunity for three months and is seeking partners, but no formal approach has been made. Analysts highlighted Edenred's recurring revenue, free cash f…
FirstGroup's shares rose 5.2% to 183.63p after the company published full-year results for the year ended 28 March 2026 that showed a sharp increase in profits. The improvement was attributed to higher passenger volumes and better margins across both bus and rail divisions, reinforcing the trajectory outlined in a prior trading update. Analysts rem…
BE Semiconductor Industries NV nudged higher after management used its annual Investor Day to lift revenue and operating margin targets, citing robust demand from AI data centers and optical photonics. The company raised its top-line range and increased the lower bound of its margin guidance, while analysts refreshed ratings and the broader Dutch t…
Waymo is recalling 3,871 robotaxis in the United States following a software defect that could allow the vehicles to enter a closed freeway construction zone and continue driving at speed. The National Highway Traffic Safety Administration said the recall involves certain Fifth Generation Automated Driving Systems. Waymo has restricted freeway driv…
UPM-Kymmene shares fell after the company announced temporary production curtailments at its Kaukas pulp mill and signalled a potential stoppage at Pietarsaari. Analysts have trimmed earnings estimates for European forest producers through the first half of 2026 amid a weak softwood pulp market and structural pressures from eucalyptus competition. …
UPM-Kymmene announced temporary production curtailments at two Finnish pulp mills, with the Kaukas mill set to stop operations from August 3, 2026 for about six weeks and a potential temporary shutdown of the Pietarsaari mill planned for October. The company said the moves aim to optimize production levels and wood sourcing and to protect profitabi…
Informa PLC saw its stock rise after the company reported 6.4% underlying revenue growth in the first five months of 2026 and reiterated its expectation for double-digit adjusted EPS growth this year. Management also signalled stronger momentum in 2027 as a four-year programme to expand its B2B growth platform progresses. The update, together with …
British equities opened lower on Thursday as a sharp fall in oil prices pressured major energy components of the FTSE 100, overriding upbeat labour market figures that showed stronger pay growth and an unexpected fall in the unemployment rate. Markets are positioning ahead of the Bank of England interest rate announcement, while developments in the…
Tekmar Group reported a 31% year-over-year increase in first-half revenue to 16.20 million, with adjusted EBITDA turning positive at 100,000. Gross margin improved to 30.5% as sales shifted toward oil and gas work and process improvements supported profitability. Management flagged a record order backlog and recent contract awards as the basis fo…
European stocks opened cautiously after a brief risk-on reaction to a U.S.-Iran truce was offset by a decidedly hawkish message from the Federal Reserve. Benchmarks across the continent struggled for direction as bond and swap markets repriced the odds of further U.S. tightening, while falling oil prices weighed on energy names.
China’s 618 mid-year shopping festival, centered on the anniversary of JD.com’s founding, has unfolded more quietly than in past years. The event - stretched into a roughly 40-day promotion period - highlights restrained consumer behaviour amid property-sector weakness and trade-related job concerns, while e-commerce firms increasingly deploy AI to…
Tesco reported a sharp slowdown in first-quarter like-for-like sales growth, citing a strong prior-year comparison and uncertainty related to the conflict in the Middle East, even as it raised its guidance for adjusted operating profit and free cash flow for 2026-27. Group sales for the 13 weeks to May 30 rose 1.8% on a like-for-like basis to 3.83…
XPS Pensions Group reported full-year adjusted earnings per share and underlying profits that beat analyst expectations for fiscal 2026, with advisory services the primary growth driver. Revenue, adjusted EBITDA and pretax profit all came in above consensus, supported by regulatory-led demand, risk transfer and GMP-related work, and contributions f…
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TD Cowen reaffirmed a Buy stance on ServiceTitan, highlighting the company’s leadership position in a large, stable market and identifying four structural growth levers. The firm described company guidance as conservative with potential for beats and upward revisions, and said margins could expand materially, supported by productivity gains tied to…
Australian stocks closed lower in Sydney on Thursday, with the S&P/ASX 200 falling 0.62% as losses in the Gold, Metals & Mining and IT sectors pushed the benchmark down. Megaport Ltd led gains after reaching a three-year high, while Generation Development Group, Nickel Mines and Seek were among the heaviest decliners. Moves in commodities and curre…
Ajinomoto's stock climbed sharply as investors priced in the company's leading role in Ajinomoto Build-up Film (ABF), driven by a 30% ABF price increase effective Q3 2026, reassurance on demand through 2030, and plans for a third production site. Analysts' buy-side consensus and broader gains in Japanese AI-related materials stocks helped propel th…
Duke Royalty, a Guernsey-based hybrid capital provider, reported a 7% year-on-year increase in cash revenue for fiscal 2026 to £28.60 million, alongside a 10% decline in adjusted earnings and a 13% rise in free cash flow. The company backed existing capital partners with £21 million of deployments and signalled a cautious outlook for fiscal 2027 am…
Fufeng Group's Hong Kong-listed shares plunged after the company issued a profit warning reporting an approximate RMB 53 million net loss for the five months ended May 31, 2026. Management attributed most of the deterioration to about RMB 540 million in foreign exchange losses tied to substantial US dollar cash holdings, while persistently weak sel…
The Taiwan market ended Thursday with a gain, led by advances in the Optoelectronic, Paper & Pulp and Financials sectors. The Taiwan Weighted rose 0.91% at the close. Several individual names moved sharply, with Rectron Ltd and Biostar Microtech each climbing 10.00% and multiple stocks sliding near double digits. Commodity prices fell, while curren…
Lenovo shares fell after the company unveiled a HK$36.70 conversion-priced, $2 billion zero-coupon convertible bond offering due 2033 that could create up to roughly 427 million new shares. Management also proposed a selective buyback of existing convertible debt due 2029. Investors reacted cautiously, citing dilution risk, while a broader slide in…
