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
Walmart said it intentionally absorbed roughly $175 million of unexpected fuel costs in its first quarter of fiscal 2027, producing a 250 basis point drag on operating income growth across its global distribution and fulfillment network. Barclays cautioned that if higher costs persist, Walmart may introduce modest additional retail price inflation …
Bath & Body Works reported first-quarter results that outpaced Wall Street expectations, driven by steady consumer demand for home fragrances and personal care items. The company posted $1.38 billion in first-quarter sales and adjusted earnings of $0.32 per share, and said it will continue to pursue broader distribution through Amazon while keeping…
UBS upgraded BioNTech from neutral to buy and boosted its 12-month price target to $135, citing rising conviction in the company’s oncology pipeline and a broader drug class that may form a next-generation treatment backbone for solid tumors. The note raises success probabilities and peak sales estimates for several programs, cites encouraging Phas…
NVIDIA CEO Jensen Huang unveiled the company's Constellation campus in Taipei and said NVIDIA intends to increase its annual spending in Taiwan to as much as $150 billion. The new facility, located in the Beitou-Shilin Technology Park, will span nearly 4 hectares and is planned to accommodate about 4,000 employees. Construction is slated to begin t…
Goldman Sachs warns that inflation across Asia-Pacific has firmed since the conflict-related closure of the Strait of Hormuz pushed energy prices higher. The bank's strategists have significantly revised up near-term oil forecasts, and headline and core consumer inflation now sit at or above central bank targets in most economies, with the sharpest…
German engineering group Schaeffler and U.S. satellite operator Spire Global have signed a memorandum of understanding to collaborate on developing space hardware and satellite platforms for European defence, weather and security uses. The partners say they intend to create a sovereign European space hardware and mission business before the end of …
Stocks exposed to AI infrastructure demand and enterprise analytics powered some of May’s strongest moves, as investors rewarded companies reporting better-than-expected results, stronger guidance, and clearer cash-flow visibility. Key performers included Republic Airways (RJET), Iridium Communications (IRDM), Fair Isaac (FICO), Teradata (TDC) and …
Red Cat Holdings jumped 9.0% in pre-market trading after a confirmed contract to supply Black Widow unmanned aircraft systems to Japan’s Ministry of Defense, combined with recent acquisitions and fresh analyst coverage. The company’s broadened capability stack, strengthened balance sheet and supportive market backdrop have focused investor attentio…
Abu Dhabi’s Mubadala Investment Co. completed a block sale of 22 million GlobalFoundries shares that raised $1.91 billion. The offering was priced between $86.30 and $86.80 per share, represented as up to a 4.1% discount to the prior close, and includes a 60-day restriction on further disposals. After the sale Mubadala’s stake stands at 400 million…
The European Commission said non-European low-earth-orbit providers including SpaceX’s Starlink and Amazon’s satellite unit will be eligible to bid for mobile satellite spectrum next year, but most frequencies will be prioritised for European operators. The 2 GHz band will be split to support government needs and commercial services while advancing…
Capri Holdings said it expects fiscal 2027 profit per share of about $2.15, above the $1.83 analysts' forecast compiled by LSEG, as management leans on a Michael Kors revival and full-price selling to counter slipping demand. The company also recorded a $65 million tariff refund tied to the International Emergency Economic Powers Act and saw its sh…
Unicharm Co shares rose 2.2% to ¥928.3 amid a string of corporate moves and favourable market conditions. The company agreed to buy Brazilian pet food maker Nutrire as a wholly owned unit and joined competitors in raising prices on diapers and sanitary goods. Analyst commentary and a strong Nikkei 225 rally driven by easing U.S. yields and tech mom…
Airbus Defence head Michael Schoellhorn said the Franco-German Future Combat Air System (FCAS) programme is unlikely to fail in its entirety, indicating that at minimum a weapons networking capability and an accompanying drone programme will move forward even as disputes between Airbus and Dassault Aviation threaten the broader fighter development …
Apogee Therapeutics shares climbed about 16% in pre-market trading after the biotech firm announced a $1.3 billion financing collaboration with Blackstone Life Sciences to support development and commercialization of zumilokibart for atopic dermatitis. The package includes up to $800 million in synthetic royalty financing and up to $500 million in …
Goldman Sachs raised its S&P 500 year-end target to 8,000 from 7,600 after a notably strong first-quarter earnings season and higher profit forecasts. The firm increased S&P 500 earnings-per-share projections to $340 for 2026 and $385 for 2027, and estimates that AI infrastructure beneficiaries will contribute roughly half of this year's EPS growth…
India's major equity benchmarks finished mixed-to-lower on Wednesday, with the Nifty 50 edging down 0.03% and the BSE Sensex falling 0.19%. Losses in fast-moving consumer goods, healthcare and banking names offset gains in select industrial and power stocks. Market breadth was positive on the NSE, and volatility as measured by the India VIX eased t…
U.S. small-cap technology shares have rallied sharply this year as investors chase AI-related opportunities beyond the major chip and software names. Record equity inflows are reaching smaller tech companies that investors believe stand to gain from the AI buildout, with some funds reversing years of outflows. While earnings forecasts for select se…
Albert Manifold, who served as BP chairman for roughly seven months, has denied allegations about his behaviour after the company’s board removed him citing "serious concerns" over governance, oversight and conduct. In an emailed statement to CNBC, Manifold said he was dismissed without prior warning or explanation and rejected the characterisation…
Hyundai Motor India said it will delay a previously planned May price increase and instead put new retail prices into effect on June 1. The company will raise prices by up to 12,800 rupees ($133.71) across select models and variants, attributing the change to rising input costs, higher commodity prices and increased operational expenses. The automa…
GameStop CEO Ryan Cohen signaled he would do "whatever we need to do" to acquire eBay after the e-commerce company rejected his unsolicited $56 billion offer as "neither credible nor attractive." Cohen proposed $125 a share, half in cash and half in stock, leveraging GameStop's $9.4 billion cash reserve and a non-binding debt commitment from TD Sec…
Prediction market platforms that gained traction with retail traders over the past year are increasingly focusing on institutional clients - hedge funds, asset managers and prime brokerages - to scale volumes and enable larger block trades. Firms including Kalshi report rapid increases in annualized volumes and institutional activity, while partner…
Large mutual funds and passive index providers are increasing cash reserves and preparing to trim some big-cap positions as they ready portfolios for likely blockbuster IPOs, notably SpaceX and AI companies such as OpenAI and Anthropic. Changes to Nasdaq 100 and S&P 500 rules are expected to accelerate entry of newly listed megacaps into benchmarks…
Amazon said it invested more than £15 billion in the United Kingdom during 2025, advancing toward a prior commitment to inject £40 billion into the country by the end of 2027. The company's 2025 activity included new operational sites, growth of studio production and office footprints, and the start of a drone deliveries trial. Amazon reported UK-r…
Shares of Spanish energy company Naturgy declined slightly after private equity firm CVC Capital Partners sold its entire 13.8% holding for about €3.07 billion via an overnight accelerated bookbuilding managed by Goldman Sachs. The placement included a primary offering of 107.5 million shares priced at €28.55 each and a separate settlement of deriv…
PGE Polska Grupa Energetyczna said it will conclude a comprehensive strategy review in the third quarter that will re-examine the effect of emissions trading system (ETS) costs, falling valuations for solar projects and the future of its gas segment following the absence of supplementary 2030 capacity auctions. The company also said it expects to s…
