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.
30,173 total articles
Avalyn Pharma Inc. has priced an upsized initial public offering of 16,666,667 shares at $18.00 per share, for expected gross proceeds of $300 million. The company granted underwriters a 30-day option to purchase an additional 2,500,000 shares. Shares are slated to begin trading on the Nasdaq Global Select Market on April 30, 2026 under the ticker …
Samsung Electronics reported a record operating profit of 57.2 trillion won for the first quarter, an eightfold increase from a year earlier, driven by higher memory chip prices as AI-driven demand strained supply. The company said it expects earnings to continue improving in the second quarter as investment in AI infrastructure expands.
DBS reported a 1% year-on-year rise in first-quarter net profit to S$2.93 billion, beating consensus forecasts, as stronger wealth management fees and commercial commissions helped offset a 7% drop in net interest income amid tighter monetary conditions and economic uncertainty. Profit before tax climbed 2% to S$3.51 billion and total income reache…
On April 29 the U.S. Department of Justice announced it will appeal a federal judge’s March 16 ruling that blocked major components of Health Secretary Robert F. Kennedy Jr.’s efforts to alter the national vaccine framework. The ruling found that an immunization advisory panel handpicked by Kennedy was unlawfully constituted and that the Centers fo…
SoftBank Group is planning to form an artificial intelligence and robotics company named Roze and pursue a U.S. listing, targeting a valuation of up to $100 billion. The new unit is expected to include data centre construction and could be floated as early as this year. The move aligns with founder Masayoshi Son's aggressive AI strategy, including …
Forefront Tech Holdings Acquisition Corp has priced an initial public offering of 10 million units at $10.00 each, raising $100 million. The units, each comprising one Class A ordinary share and one-half of a redeemable warrant, are slated to start trading on Nasdaq on April 30, 2026 under the symbol FTHAU, with separate trading for shares and warr…
Anthropic is evaluating a potential financing round that, according to people familiar with the matter, would price the Claude maker at in excess of $900 billion. The discussions are at an early stage with no commitments accepted, and the move precedes a possible initial public offering as soon as October. The higher valuation would surpass a repor…
Amazon reported first-quarter results showing AWS revenue growth above analyst expectations, driven by enterprise spending on AI workloads and large cloud partnerships. The company’s aggressive capital expenditure program rose sharply year-over-year and remains on track with prior guidance, while management offered a revenue and operating income ou…
General Catalyst Global Resilience Merger Corp. completed pricing for an initial public offering of 35 million units at $10 per unit, raising $350 million. The units will begin trading on Nasdaq under the ticker GCGRU on April 30, 2026, with the offering expected to close on May 1, 2026, subject to customary closing conditions. Each unit combines o…
General Motors said it will allocate roughly $1.4 billion to four plants - three in the United States and one in Canada - that manufacture gasoline engines, transmissions and metal castings. The spending is intended to support upcoming full-size trucks and SUVs, and follows broader U.S. investment by the automaker amid political pressure to increas…
RRE Ventures Acquisition Corp. priced an initial public offering of 25 million units at $10.00 each, raising $250 million. Units are slated to begin trading on the Nasdaq Global Market under the ticker RREVU on April 30, 2026, with the offering expected to close on May 1, 2026, subject to customary conditions.
Becle, the world’s largest tequila producer, reported a 67% fall in first-quarter net profit as revenues dropped 23% and volumes contracted sharply in its largest North American markets. Management pointed to strategic discipline during a difficult industry environment and a U.S. distribution restructuring that weighed on sales in the United States…
Mountain Crest Acquisition 6 Corp. has priced an initial public offering of 6 million units at $10 per unit, raising $60 million. The British Virgin Islands-incorporated special purpose acquisition company structured each unit as one ordinary share plus one right, with each right convertible into one-fourth of an ordinary share upon completion of i…
MGM Resorts International reported first-quarter adjusted earnings per share of $0.49, below the $0.53 consensus compiled by LSEG, as softer demand in Las Vegas weighed on profitability. Total company revenue rose 4.1% to $4.45 billion for the quarter ended March 31, with Las Vegas Strip Resorts producing $2.2 billion and MGM China revenue increasi…
Microsoft reported a 40% year-over-year increase in revenue from its Azure cloud unit for the quarter, matching consensus estimates but falling short of what investors sought given intensifying competition in artificial intelligence. The stock dipped more than 2% in after-hours trading as rival Google Cloud posted substantially stronger growth and …
LinkedIn, the Microsoft-owned professional network, told investors and customers that its recruiter-oriented agentic AI products are on track to generate $450 million in revenue over the next 12 months. The company highlighted two main products, targeted at large enterprises and small businesses, which automate candidate sourcing by executing recru…
Mexico's main equity index finished lower on Wednesday, with declines concentrated in the Industrials, Consumer Goods & Services and Consumer Staples sectors. The S&P/BMV IPC fell 0.26% at the close. While several large-cap names posted gains, notable declines among cable, personal care and insurance stocks helped tilt the market downward. Commodit…
Colombian stocks declined at Wednesday's close, with the COLCAP index falling 1.03% to a three-month low. Losses were concentrated in the Financials, Investment and Public Services sectors. Among individual names, Ecopetrol ended higher while Promigas and Grupo de Inversiones Suramericana saw the largest declines. Commodity and currency moves were …
Russia's stock market closed lower on Wednesday, with the MOEX Russia Index falling 2.16% to a three-month low. Declines were concentrated in the Mining, Oil & Gas and Power sectors. Market breadth was negative, the Russian Volatility Index rose, and major commodity and currency contracts showed notable moves.
The chair of the Senate Foreign Relations Committee will press for stepped-up international cooperation and public attribution of attacks on undersea communications cables, citing multiple suspected sabotage incidents since 2022 and naming concerns about Russian and Chinese activity. Federal regulators and allied navies have already signaled policy…
KLA Corp projected fourth-quarter revenue higher than analyst estimates, citing robust demand for its chipmaking and process-control equipment as semiconductor manufacturers scale production of processors used in artificial intelligence applications. Despite the upbeat outlook, the company's shares dropped more than 7% in after-hours trading. KLA a…
Shares of several large-cap companies moved sharply in after-hours trading following the release of quarterly results. Meta Platforms plunged despite raising its full-year capital expenditure target, while Alphabet and several other names rallied after reporting stronger-than-expected metrics. Results for other firms prompted more muted or mixed re…
Carvana reported a rise in net income and revenue for the quarter ended March 31, supported by continued consumer demand for preowned vehicles while facing pressure on per-unit margins from higher reconditioning costs and lower shipping fees. The company says recent changes to labor and internal tools are beginning to show results in the current qu…
Starbucks reported its strongest quarterly sales growth in two and a half years, driven by broad-based traffic gains across income cohorts and a suite of operational changes under CEO Brian Niccol. The upside in revenue pushed the stock sharply higher, yet operating margins remain below historical levels as investments in staffing and other cost pr…
Canadian equities finished lower on Wednesday, with the S&P/TSX Composite retreating 0.79% as declines across the Materials, Real Estate and Industrials sectors pulled the index down. A handful of stocks posted strong gains, while some large-cap names suffered double-digit percentage drops. Commodity prices moved unevenly, with crude oil rising sha…
