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.
30,142 total articles
The Federal Communications Commission approved EchoStar’s $40 billion sale of wireless spectrum assets to SpaceX and AT&T. Under the deal, AT&T will pay $23 billion for roughly 50 MHz to bolster its 5G footprint, while SpaceX will acquire 65 MHz for $17 billion to expand Starlink’s device-to-device capabilities. The FCC attached conditions includin…
Senior officials at the Consumer Financial Protection Bureau are planning to recall employees to physical offices more than a year after the agency's Washington headquarters were vacated and its workforce reduction plans were advanced. The timing of any recall, the scope across regional staff, and the status of the downtown headquarters - currently…
American Electric Power said it has arranged a $2.6 billion equity offering under two-year forward sale agreements with Bank of America, Goldman Sachs and Morgan Stanley. The stock sale announcement coincided with a roughly 3% decline in AEP shares in after-hours trading. The company said net proceeds will support general corporate purposes while i…
Mirum Pharmaceuticals revealed a private placement of $600 million in convertible bonds due 2032, and said it will use some proceeds together with common stock issuance to exchange a portion of its existing 4% convertible bonds due 2029. The announcement coincided with a 2% drop in extended trading, while the stock had closed the regular session hi…
TrueBlue shares climbed about 6% in after-hours trading Tuesday after HireQuest submitted a $105 million cash proposal to acquire the on-demand segment of TrueBlue's PeopleReady business. The offer excludes the skilled staffing and solar/renewable energy divisions and follows a yearlong acquisition effort by HireQuest that has included multiple rej…
U.S. stock markets closed mixed on Tuesday, with the Dow Jones Industrial Average finishing higher by 0.11% while the S&P 500 fell 0.16% and the Nasdaq Composite declined 0.71%. Gains were concentrated in Healthcare, Telecoms and Oil & Gas names, while Technology, Industrials and Consumer Goods stocks weighed on the benchmarks. Market breadth favor…
Toronto's S&P/TSX Composite finished the session higher, gaining 0.44%, with the Energy, Consumer Staples and Materials sectors providing upward momentum. Ero Copper, Aya Gold & Silver and Exchange Income were the top performers, while Pet Valu, AbraSilver and Aecon posted the steepest declines. Volatility measures eased and commodity prices moved …
Brazil's main equity index closed lower on Tuesday, weighed down by losses in the Electric Power, Public Utilities and Industrials sectors. The Bovespa dropped 0.86% to register a new one-month low, with declines outpacing advances and market volatility ticking up alongside mixed commodity and currency moves.
Intuitive Machines has been chosen by the U.S. Space Force for the Andromeda IDIQ contract, giving the company the opportunity to compete to build Space Domain Awareness systems that detect, track and characterize objects in geosynchronous orbit. The award, announced on the company’s social channel, is the first major selection following its acquis…
Red Cat Holdings announced a proposed underwritten public offering of $200.0 million in common stock, with underwriters able to purchase up to an extra $30.0 million of shares within a 30-day window. The disclosure coincided with a roughly 7% drop in the company's shares during after-hours trading. Red Cat said net proceeds would support general co…
Exxon Mobil has rejected claims made by New York City Comptroller Mark Levine that the company’s plan to change its corporate domicile to Texas is connected to its Voluntary Retail Voting Program. In a filing, Exxon said Levine’s shareholder letter was politically motivated and misleading, reiterated that the Texas redomiciliation preserves shareho…
Google said it will introduce Gemini Intelligence on Android this summer, combining hardware and software to automate multi-step tasks while preserving user privacy and control. The initial rollout will target the newest Samsung Galaxy and Google Pixel handsets, with broader support for watches, cars, glasses and laptops planned later in the year. …
Apple is reportedly preparing to let iPhone users fully customize the Camera app in the upcoming iOS 27 release. According to unnamed sources, controls such as flash, exposure, timer and resolution can be repositioned or toggled on and off. The update is also said to include visual and interface changes across Siri, system search and several apps, …
Brown-Forman shares fell modestly on Tuesday after reports that the company declined a $15 billion takeover bid from rival Sazerac. Advisers informed Sazerac on Monday that the $32-a-share all-cash offer would be rejected. The offer, backed financially by Wells Fargo and Apollo Global Management, would have given Class A shareholders the option of …
Intel's shares have climbed about 100% in the last month amid media reports suggesting the company is in discussions with Apple and SK hynix about foundry services. Analysts see the potential for both advanced packaging and front-end wafer manufacturing contracts, with Deutsche Bank maintaining a Hold rating while lifting its price target to $100 b…
The Federal Communications Commission approved SpaceX's acquisition of about 65 megahertz of mid-band spectrum from EchoStar through a two-step assignment that routes licenses through a trust before final transfer to SpaceX. The decision waives certain terrestrial construction rules while imposing specific buildout and performance requirements over…
Ultium Cells, the joint venture between General Motors and LG Energy Solution, will bring a small group of workers back to its idled Warren, Ohio, battery plant the week of May 25 to begin work tied to restarting operations later this year. The company has not committed to a broader timeline for resuming production, leaving the previously indicated…
The U.S. Department of Justice and PayPal have reached a settlement resolving an inquiry into a 2020 investment program aimed at supporting Black and underrepresented minority businesses. As part of the settlement, PayPal will waive processing fees on $1 billion of transactions - roughly $30 million in fees - for qualifying U.S. small businesses. T…
The Bank of France's monthly business survey finds that French firms absorbed the initial shock from the Middle East conflict, with activity still rising in April but at a slower pace. The central bank withheld its usual quarterly growth estimate due to heightened uncertainty. Industrial sectors - notably defense-related areas such as aeronautics, …
Blue Owl's largest retail credit vehicle saw a near-collapse in new investor subscriptions, with fresh inflows declining 95% year-over-year to $26.4 million on May 1. The fund, which values its portfolio at about $34 billion and is structured as a business development company, has attracted redemption activity from affluent clients concerned about …
The U.S. recorded a $215 billion budget surplus in April, down $43 billion, or 17%, from the same month a year earlier, driven by larger individual tax refunds and higher spending including interest costs and military outlays tied to the war in Iran. Receipts slipped and outlays rose, while net customs receipts included refunds that are expected to…
A U.S. appeals court on Tuesday issued a short-term administrative stay that pauses a lower court decision which had curtailed collection of a 10% global tariff enacted under Section 122 of the Trade Act. The temporary hold restores duties for three importers that had obtained relief, while the Federal Circuit considers whether to extend the pause …
Meta Platforms has proposed a one-month period of free access to WhatsApp for competing AI chatbots as it negotiates commitments with EU antitrust regulators. The move follows indications from the European Commission that it was likely to order Meta to grant rival chatbots access. Regulators reacted positively to Meta's offer. The company had restr…
Zillow Group Inc. has brought a lawsuit in federal court alleging that Compass Inc. and Midwest Real Estate Data LLC conspired to hide home listings from potential buyers and tried to pressure Zillow to participate in the arrangement. The complaint, filed in the U.S. District Court for the Northern District of Illinois and reported by Bloomberg Law…
Federal prosecutors in Los Angeles opened their case on May 12 against a well-known short seller, accusing him of manipulating public markets and defrauding investors by publicizing positions in several companies and then secretly reversing them for profit. The defense says the trader sincerely believed in his investment views, pointing to prior bu…
