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.
30,139 total articles
Hengli Group, grown from a bankrupt textile mill into one of China’s largest private refiners, has been placed on U.S. sanctions for purchases of Iranian oil, a charge the company denies. The move - which included roughly 40 shipping firms and vessels - has led to immediate operational and commercial effects, prompted Beijing to invoke a 2021 law t…
Australia's competition regulator issued infringement notices that led to A$39,600 penalties for both Coles and Brownes Foods Operations. The Australian Competition & Consumer Commission says Coles published two exclusive milk supply agreements that imposed production volume caps, while Brownes failed to clearly set or justify minimum prices in two…
SoftBank Group shares continued a steep advance on Friday, trading near last year’s peak after a fresh intraday jump. Investors remain bullish on the company’s AI-related holdings and on potential listings of assets backed by the group, while renewed strength in AI-focused semiconductor stocks has further supported the rally. SoftBank also recently…
The State of North Carolina has launched legal action against Vietnamese electric-vehicle maker Vinfast, saying the company failed to follow through on pledges to build an EV and battery plant in the state. Attorney General Jeff Jackson said Vinfast has left the site idle for over a year and has defaulted on agreements that included creating 7,500 …
Arafura Rare Earths has announced a plan to raise about A$350 million (roughly $250 million) through a two-tranche share placement to fund the equity portion of its Nolans rare earths project in Australia's Northern Territory. The raising is supported by Hancock Prospecting, which has committed around A$85 million and will see its stake rise to abo…
Asian equities ticked up and U.S. futures showed gains as markets clung to hopes for progress in U.S.-Iran negotiations. The dollar remained close to a six-week high and oil prices swung sharply amid persistent concerns about the potential closure of the Strait of Hormuz and its implications for global inflation and central bank policy.
Guzman Y Gomez announced it will withdraw from the United States, closing its Chicago locations with immediate effect and reallocating capital to its higher-growth Australian business. The company flagged a fiscal 2026 one-off hit tied to the exit and outlined robust profit expectations for its domestic segment while underscoring continued franchis…
Union members at Samsung Electronics in South Korea began an electronic vote on a tentative pay agreement on Friday, with voting scheduled to continue into next week. The ballot follows a last-minute deal reached on Wednesday that prevented an intended 18-day strike which could have affected global semiconductor supply. The agreement allocates roug…
Princeton Digital Group (PDG), a data centre operator backed by Warburg Pincus, has commenced a sale process for its China assets that could fetch as much as $1 billion. The portfolio spans facilities in six Chinese cities. The potential disposal underscores a broader retreat by international buyout firms from direct ownership of critical Chinese d…
U.S. stock futures rose modestly Thursday evening following a day in which major indexes finished slightly higher and the Dow closed at a record. Markets balanced upbeat corporate earnings in after-hours trading with persistent uncertainty surrounding stalemated U.S.-Iran discussions over Tehran's enriched uranium and a proposed toll in the Strait …
Lam Research is prioritizing the integration of sensing hardware and artificial intelligence into its semiconductor manufacturing equipment to boost productivity and reduce defects, CEO Tim Archer said. The company also confirmed plans to open an additional facility in the Phoenix area and to increase investment at its Fremont, California, headquar…
The Texas Attorney General on May 21 filed a consumer-protection lawsuit in Harrison County accusing WhatsApp and its parent, Meta Platforms Inc., of deceiving users about the strength and reach of WhatsApp’s encryption. The complaint contends the companies falsely present WhatsApp as secure while allegedly having access to the bulk of private comm…
Waymo has temporarily suspended its robotaxi service on U.S. freeways and paused operations in Atlanta while it integrates software updates aimed at improving handling of construction zones and flooded roads. The company said street-level service remains in operation, and the freeway pause affects routes that had been running in San Francisco, Los …
Guzman y Gomez announced it will withdraw from the U.S. market and immediately shut down its Chicago restaurants after concluding the U.S. business is unlikely to meet required performance thresholds. The company warned of a one-off charge of $30 million to $40 million in its 2026 results related to the exit, and said the costs are not expected to …
IMAX has initiated preliminary outreach to entertainment companies about a possible sale, with discussions described as early-stage and not guaranteed to produce a deal. The company did not provide comment. Recent financials show a modest revenue decline in the first quarter but a slight beat of analyst expectations, while IMAX's share of box offic…
Roth Capital Partners began coverage of SailPoint, Inc. on May 20, assigning a "Buy" rating and a 12-month price target of $19. The firm values the company at roughly 7x FY2028 enterprise value-to-sales, views the stock as discounted versus cybersecurity peers, and highlights a roughly $1 billion ARR run rate against an estimated $55 billion addres…
SpaceX plans to launch the 12th uncrewed test flight of its Starship system on May 21, deploying a redesigned Starship V3 and an upgraded Super Heavy booster from a new Texas launch pad. The vehicle family has experienced a mix of early explosions and incremental successes across prior flights, including the first mock satellite deployments and a c…
Apple has asked the U.S. Supreme Court to review a lower court's civil contempt finding tied to fees it charged on some purchases routed to third-party payment systems. The move escalates litigation with Epic Games, which sued in 2020 over Apple's control of in-app transactions and app distribution on iOS. Central issues include a 2021 injunction r…
Deckers Outdoor raised its fiscal 2027 revenue and earnings targets above Wall Street estimates, driven by continued strength at its Hoka and UGG brands and growth across wholesale and direct-to-consumer channels. The company reported quarterly sales and profit that exceeded analyst expectations and highlighted product innovation and brand investme…
Cursor's run-rate revenue reached $3 billion in late April, up from $2 billion in February, driven by more than 3,000 enterprise customers paying at least $100,000 annually. The AI coding software firm released Composer 2.5 this week and remains subject to an agreement that gives SpaceX the right to buy the company for $60 billion or pay a $10 bill…
Goldman Sachs has agreed to a $500 million settlement with a class of shareholders who accused the bank of misleading investors about its involvement with 1MDB. The amount was disclosed in a Manhattan federal court filing and requires judicial approval. The settlement follows prior government penalties and criminal probes tied to the 1MDB scandal.
Zoom Communications raised its fiscal 2027 revenue and adjusted EPS guidance and approved an additional $1 billion share repurchase program, citing stronger demand tied to newly integrated AI agents and companions. The company posted first-quarter revenue that beat expectations, while its second-quarter guidance sits marginally below some analyst e…
Shares of Peloton Interactive and Universal Technical Institute climbed in after-hours trading after S&P Dow Jones Indices announced their inclusion in the S&P SmallCap 600. The changes take effect prior to the opening on May 27, with Peloton replacing Enviri Corp. and Universal Technical Institute taking the slot held by Veris Residential. The mov…
Mexican stocks closed lower on Thursday, driven by losses in the Industrials, Consumer Goods & Services and Consumer Staples sectors. The S&P/BMV IPC ended the session down 0.74% while a handful of names outperformed and others posted notable declines. Market breadth was negative and key commodity and currency benchmarks showed modest changes.
A syndicate of Wall Street banks led by JPMorgan has enlarged a loan package for Warner Bros Discovery to exceed $10 billion as the company moves to refinance debt in advance of a planned merger with Paramount Skydance. The U.S. dollar term loan was raised to $9 billion from $5 billion while a 1 billion euro facility remains unchanged. The financin…
