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.
3,897 total articles
Willow Lane Acquisition Corp. II completed an initial public offering of 12.5 million units at $10 per unit, raising $125 million. Units are slated to begin trading on February 13, 2026 on the Nasdaq Global Market under the symbol WLIIU, with separate trading for Class A shares and warrants to follow.
Shares of China's leading artificial intelligence startups jumped sharply after the companies released upgraded open-source models, driving gains across AI-linked chipmakers even as the broader technology sector slid amid international market weakness. Zhipu (Knowledge Atlas Tech Joint Stock, HK:2513) and MiniMax (HK:0100) led the advance with reco…
Michael Kors unveiled its fall/winter lineup at New York Fashion Week, showcasing wool coats, monochrome knits and feather-accented bags as the brand celebrated its 45th anniversary. The presentation followed a holiday-quarter sales decline for the Michael Kors business, and Capri Holdings shares fell on the day of the show.
Asian equities retreated from fresh highs as concerns about compressing margins in the technology sector weighed on major names and pushed investors toward U.S. Treasuries. The move followed a sharp technology selloff on Wall Street after Cisco reported weaker-than-expected adjusted gross margins, with knock-on losses for Apple and broader risk-sen…
A federal judge in Texas has enjoined a 2024 rule that broadened the information companies must provide during merger reviews, finding the Federal Trade Commission did not demonstrate that the rule's benefits outweighed its costs. The decision follows a lawsuit by the U.S. Chamber of Commerce and comes as some dealmakers accelerated filings ahead o…
The Japanese yen rallied this week and is poised for its largest weekly advance since November 2024 after voters delivered a decisive election result that eased concerns about Japan's fiscal trajectory. The move supported Japanese stocks and government bonds while pushing the U.S. dollar toward a weekly decline as markets await U.S. inflation data …
Elliott Investment Management said it will not submit its Toyota Industries shares into the extended tender offer under the current terms and urged other shareholders to refrain from tendering or to withdraw shares already tendered. The activist investor has been the most vocal critic of a consortium led by Toyota Motor companies seeking to take th…
U.S. stock index futures moved slightly lower Thursday evening following a broad selloff in technology shares that spilled into logistics and transportation stocks. Weak results from a major networking company and worries about AI-driven disruption weighed on sentiment. Attention now turns to January's consumer price index print for fresh guidance …
Westpac Banking Corp posted unaudited first-quarter profit of A$1.9 billion, up 6% from the second-half 2025 quarterly average, driven by balance sheet expansion and stronger treasury contributions despite softer markets revenue and narrow margin moves. Lending rose A$22 billion, and the bank maintained a healthy CET1 buffer above its target after …
Global electric vehicle registrations fell 3% year-on-year in January to nearly 1.2 million units, driven by weaker sales in China and North America amid policy changes and subsidy withdrawals. Europe and several other markets recorded growth, but the overall decline highlights mounting challenges for automakers and supply chains as they adjust EV …
Cochlear Ltd reported a 9% decline in underlying profit for the six months to December 31, citing higher cloud-computing expenditure and slower-than-expected contracting for its Nexa Implant System. The stock plunged as much as 16.3% to A$205.710, a three-year low, and weighed on the ASX 200, which fell about 1.1%. Management now expects underlying…
Converse, owned by Nike, is reducing and redesigning corporate positions as it aligns more closely with Nike’s operating approach. An anonymous source said many corporate employees will see changes to their roles or reporting relationships, and the brand will form cross-functional squads focused on specific sports categories.
Negotiators representing Saks, its vendors and the lenders behind a $1.75 billion debtor-in-possession loan are working to settle a disagreement over whether merchandise held on concession or consignment could be treated as collateral. Suppliers want clear court protections that their goods and related cash proceeds will remain outside lenders' sec…
Vale reported a $3.8 billion net loss for the October-December quarter, reflecting a $3.5 billion impairment on Canadian nickel assets and a $2.8 billion deferred tax asset write-off. Quarterly revenue rose to $11.1 billion and adjusted EBITDA increased to $4.6 billion, though results diverged from analyst profit expectations.
Norwegian Cruise Line Holdings Ltd. has appointed John W. Chidsey as its President and Chief Executive Officer, replacing Harry Sommer. Chidsey, a returning board member, outlined execution and performance improvement as priorities. The company reiterated expectations for fourth-quarter 2025 Net Yield and said quarterly and full-year 2025 results r…
Wynn Resorts reported fourth-quarter adjusted earnings per share of $1.17, missing the analyst consensus and weighed down by weaker Las Vegas results and declines at regional properties including Encore Boston Harbor. Total operating revenue for the quarter dipped to $1.87 billion while visitation and table games win percentages at its Las Vegas op…
Citigroup Inc. increased Chief Executive Officer Jane Fraser’s total 2025 compensation by 22% to $42 million, according to a regulatory filing. The package, concentrated in stock awards after a modest base and cash incentive, follows a year of significant operational and financial gains for the bank, including a 66% rise in its stock, record revenu…
Spartacus Acquisition Corp. II sold 23 million units at $10 apiece, raising $230 million after exercising a 3 million unit overallotment. Units started trading on the NASDAQ Capital Market on February 11, 2026 under the symbol TMTSU. Proceeds were placed in a trust account and the company said it will pursue mergers or acquisitions focused on techn…
US Foods Inc., operating as US Foods-Lexington in South Carolina, has been awarded a $603,075,000 indefinite-delivery/indefinite-quantity contract by the Defense Logistics Agency Troop Support in Philadelphia to supply full-line food and beverage items to U.S. military services. The fixed-price agreement includes economic-price-adjustment provision…
U.S. officials have signed a finalized reciprocal trade pact with Taiwan that establishes a 15% U.S. tariff on Taiwanese imports and binds Taiwan to a timetable for cutting or removing tariffs on most U.S. goods. The agreement includes specific purchase commitments for 2025-2029 across energy, aerospace, power equipment and heavy industry, and imme…
Expedia projected 2026 gross bookings and revenue above Wall Street expectations, citing robust demand from business customers and increased participation by travel agencies and partners. The Vrbo-parent forecast gross bookings of $127 billion to $129 billion and revenue of $15.6 billion to $16 billion, while fourth-quarter adjusted profit and reve…
PTC Therapeutics said it has withdrawn its resubmitted New Drug Application for Translarna, a therapy for nonsense mutation Duchenne muscular dystrophy, after the U.S. Food and Drug Administration indicated the data were unlikely to meet the agency's threshold for substantial evidence of effectiveness. The announcement coincided with a roughly 4% d…
Columbus Circle Capital Corp. II completed an initial public offering that generated $230 million through the sale of 23 million units at $10 each, including the full exercise of a 3 million-unit over-allotment. Units began trading on the NASDAQ Global Market as CMIIU on February 11, 2026, and the offering proceeds alongside a concurrent private pl…
Columbus Circle Capital Corp. II completed an initial public offering of 23 million units at $10 apiece, collecting $230 million in proceeds that were placed in a trust account for public shareholders. The units, which include a Class A ordinary share and one-third of a redeemable warrant, began trading on the Nasdaq Global Market on February 11, 2…
Preliminary Brazilian census bureau data show a sharp uplift in cattle slaughtering in Q4, up 13.1% year-over-year, and point to a potential record 42.3 million head processed in 2025. Robust Chinese purchases are cited as the primary driver, but recent Chinese safeguard measures and quota rules introduce near-term trade uncertainty for Brazilian p…
