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.
30,138 total articles
UBS says an AI-fuelled semiconductor upswing, large chip-industry bonuses and broader wealth gains are supporting stronger luxury spending in South Korea. The bank highlights several luxury houses with meaningful exposure to the market and flags uneven demand across categories even as valuations look more attractive versus the broader European mark…
The U.S. Department of Commerce issued guidance closing a possible pathway that may have enabled advanced AI chips from companies such as Nvidia and AMD to reach Chinese-controlled entities outside mainland China. The guidance enforces license requirements for entities headquartered in China regardless of their physical location, addressing a gap c…
The U.S. Department of Commerce has issued new guidance to apply license requirements to advanced AI chips sold to entities headquartered in China even when those entities operate outside China. The move targets potential shipments of Nvidia Rubin and Blackwell processors and AMD's MI350x to overseas subsidiaries of Chinese firms and comes after an…
Shares in Devon Energy rose following reports that Stone Ridge Asset Management submitted an approximately $8 billion opening proposal for the company's Marcellus natural gas assets. The offer remains unconfirmed and Devon has not commented. Analysts at RBC Capital Markets view the development as a positive sign for investors seeking a narrower por…
After two nights that included arrests during demonstrations outside a Newark immigration detention facility, authorities have broadened the area off-limits to protesters while allowing family visits to resume under police escort. The move follows a mayoral curfew, state police assuming control of the perimeter, and renewed calls from elected offic…
Cotality reported that Australian home prices were broadly flat in May as higher borrowing costs and recent tax reforms targeting property investors weakened buyer demand across most major cities. Sydney and Melbourne led declines, while Perth and Darwin posted the strongest gains. Rents continued to climb, with annual national rent growth hitting …
Bank of America reiterated a Buy rating on Meta Platforms and upheld an $835 price target, pointing to nascent signs of AI monetization and corporate uptake as potential catalysts for sentiment after months of investor concern over rising AI-related expenditures. The bank highlighted Meta’s paid AI subscription rollout and a new Enterprise Solution…
Saudi Arabia's equity market finished Sunday in positive territory, with the Tadawul All Share index rising 0.46% at the close. Gains were concentrated in Hotels & Tourism, Industrial Investment and Insurance sectors, while crude oil prices declined and gold futures advanced. Market breadth favored advancers over decliners by a wide margin.
A late-stage trial presented at the American Society of Clinical Oncology found that adding Johnson & Johnson’s Erleada (apalutamide) to standard testosterone-blocking hormone therapy before and after prostate removal surgery greatly increased the chance of minimal residual disease at surgery and reduced the risk of cancer spread or death. The stud…
Taiwan's presidential office criticized China after the New York Times reported that one of its reporters, Vivian Wang, was expelled from mainland China earlier this year. Beijing told the newspaper the action was tied to a December video interview with Taiwan's President Lai Ching-te. Taiwan rejected the justification and warned the move underscor…
Novartis reported early results from a 101-patient study indicating that an experimental actinium-based radioligand therapy produced measurable anti-tumour activity in prostate cancer patients, including those who had previously received Pluvicto. Response rates varied by prior treatment history and the company plans two late-stage trials while not…
The 10-year U.S. Treasury yield has climbed sharply from roughly 3.9% in late February to above 4.65% by mid-May. Despite that move, major equity benchmarks, led by technology, have continued to make gains as corporate earnings, a resilient labor market and interest in artificial intelligence sustain investor optimism. Wells Fargo cautions that a d…
Novartis reported early clinical results indicating its experimental actinium-225 radioligand produced measurable anti-tumour activity in prostate cancer. In a 101-patient study, more than half of patients previously treated with Pluvicto experienced at least a 50% decline in PSA. Responses were higher in patients without prior Pluvicto exposure. A…
A UBS report recommends investors retain diversified core portfolios across equities, fixed income, and alternatives while considering satellite allocations to manage volatility, express tactical views, or pursue longer-term growth outside core holdings. Satellite strategies can range from defensive assets such as government bonds and inflation-lin…
Mutlaq Al-Ghowairi Contracting Co. (MGC) has launched plans to raise as much as 3 billion riyals through an initial public offering in Riyadh. Shareholders are selling 240 million shares, equal to a 30% stake, at a price range of 11 to 12.5 riyals per share, valuing the company at roughly 10 billion riyals at the top of the range. The planned offer…
Officials confirmed on May 30 that recovery teams have located the bodies of all nine people who had been missing following the implosion of a chemical storage tank at a Nippon Dynawave Packaging facility, bringing the death toll to 11. The tank, which held roughly 900,000 gallons of a sodium hydroxide and sodium sulfide solution used in pulp produ…
New Jersey officials say individuals from outside the state intensified protests outside the Delaney Hall immigrant detention facility, prompting the governor to place state police in control of the perimeter. Authorities set up protected protest zones after confrontations between protesters and federal officers, while detainees at the 1,000-bed fa…
With anticipated large fundraisings by AI companies and sustained capital expenditure from major tech firms, investors are broadening their focus in Asia from leading semiconductor producers to a wider set of suppliers and energy infrastructure companies that stand to gain from prolonged AI-related spending.
Yum! Brands has granted private equity firm LongRange Capital an exclusivity period to negotiate the potential sale of Pizza Hut, according to people familiar with the matter. Discussions are progressing and could conclude in the coming weeks, though a transaction is not assured. The move follows Yum's strategic review of the pizza chain amid sever…
A Deutsche Bank survey of more than 350 cruise travelers indicates rising airline ticket prices are already influencing cruise decisions, with younger travelers disproportionately affected. Many respondents said they would adjust travel logistics rather than abandon cruising, but a sizable share is exploring alternatives or considering postponement…
The MOEX Russia Index closed unchanged, marking a new six-month low, with Moskovskiy Kreditnyi Bank, RusHydro and Mobile TeleSystems among the session's gainers while PhosAgro, AFK Sistema and Rostelekom underperformed. Market breadth was slightly positive; commodities and FX saw notable movement including a rise in gold futures and declines in cru…
SoftBank Group announced a plan to invest as much as €75 billion to build and operate 5 gigawatts of artificial intelligence data center capacity across France. The company said an initial €45 billion will fund 3.1 GW of capacity in the Hauts-de-France region by 2031, with first-phase facilities in Dunkirk, Bosquel and Bouchain, and a manufacturing…
Guyana, already the globe's fastest-growing economy, stands to gain materially from higher crude prices following the U.S.-Israeli war on Iran. Rapid offshore development led by an Exxon Mobil-led consortium has pushed production to over 900,000 barrels per day and quadrupled GDP since 2019. Rising oil revenues and the impending shift in profit-sha…
Nvidia is set to introduce its first Windows personal computers powered by its own processors next week, with Microsoft and Nvidia scheduled to present the new systems at Computex in Taiwan and Microsoft's Build conference in San Francisco. The lineup is expected to include Microsoft Surface models and machines from Dell, and Microsoft plans to sho…
A large clinical trial in newly diagnosed diffuse large B-cell lymphoma (DLBCL) found that adding tafasitamab (Monjuvi) plus Revlimid to the standard R-CHOP chemotherapy lowered the risk of disease progression, relapse or death by 25% compared with R-CHOP alone in roughly 900 patients. The intensified regimen led to more frequent severe adverse eve…
