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
President Donald Trump said on April 23 that Navy Secretary John Phelan was removed from his post following disagreements with senior Pentagon leaders centered on shipbuilding and procurement. Trump described Phelan as a "hard charger" who clashed with others over building and buying new ships. Pentagon officials have not publicly explained the dep…
SAP reported a 17% rise in first-quarter profit, outpacing analyst estimates, driven by robust cloud demand. The company kept its 2024 full-year revenue outlook intact, including cloud growth of 23% to 25%, while warning that the outlook depends on a de-escalation of the Middle East conflict. Key top-line and operating-profit metrics beat consensus…
A group of 15 Democratic members of the U.S. House of Representatives sent a letter urging major retail and shipping CEOs to pass along any refunds they obtain from tariffs imposed during the Trump administration to the consumers who paid higher prices. The lawmakers requested commitments that refunds not be used for buybacks or executive pay and s…
SpaceX warned in a recent S-1 prospectus that multiple regulatory inquiries into sexually abusive imagery generated by its xAI unit could threaten access to certain markets. The filing outlines active probes worldwide into the use of AI for harmful content and cites allegations that xAI’s chatbot Grok produced nonconsensual explicit images and sexu…
Bob Iger has rejoined Thrive Capital in an advisory capacity, founder Josh Kushner said on X. Iger will help the firm's investment staff and advise founders in Thrive's portfolio. The move follows Iger's recent departure as CEO of Disney and continues a relationship that began when he joined Thrive as a venture partner in September 2022.
Mexico's main index closed lower, with the S&P/BMV IPC ending the session down 0.30% as declines in Industrials, Consumer Goods & Services and Consumer Staples weighed on the market. Market breadth favored decliners, and several large-cap names posted significant single-session moves. Commodities and foreign exchange markets saw notable price chang…
Colombia’s main equity gauge, the COLCAP, ended Thursday’s session down 1.37% as losses concentrated in Financials, Investment and Public Services weighed on the market. A handful of stocks posted gains, but declines outnumbered advances on the exchange. Commodities and currency pairs showed mixed moves in parallel trading.
Russia's main equity gauge finished higher on Thursday, driven by advances in Power, Oil & Gas and Manufacturing shares. The MOEX Russia Index closed up 0.48%, with Rosneft, the Moscow Exchange and Surgutneftegas among the session's strongest performers. A handful of industrial and transport names, including Magnitogorsk Iron & Steel and Ae…
Raymond James increased its price target on Southwest Airlines to $55 from $45 and maintained an Outperform rating, pointing to an attractive asymmetric risk/reward and widespread investor skepticism. The firm pushed back on critiques that Southwest's second-quarter 2026 revenue outlook undermines the sustainability of its relative margin recovery …
AbbVie said the U.S. Food and Drug Administration declined to approve its experimental botulinum toxin treatment, trenibotulinumtoxinE, requesting additional manufacturing information while not raising safety or efficacy issues. The treatment, studied in more than 2,100 patients and shown to act quickly with a brief duration, faces a regulatory fol…
Nike will eliminate roughly 1,400 positions worldwide, with the majority concentrated in its technology organization, as part of a broader 'Win Now' restructuring. The move also includes changes to manufacturing and supply-chain roles and follows earlier staff reductions in January totaling 775 positions.
Elon Musk said Tesla will use Intel’s next-generation 14A manufacturing process at its planned Terafab complex, beginning with a research fab at the Giga Texas campus. The initiative is intended to prototype ideas and support Tesla, SpaceX and xAI chip needs, but major questions remain about scale, funding, timelines and who will operate full-scale…
Speaking from the Oval Office, President Trump said he would not use a nuclear weapon against Iran, asserting that U.S. forces had already 'decimated them without it.' He reiterated that nuclear arms should never be used and said any rearmament during a recent two-week cease-fire could be neutralized by the U.S. in about one day.
Stocks with significant after-hours moves spanned semiconductors, mining, software, industrial services and medical devices. Intel surged after a better-than-expected quarter and raised guidance, lifting peers such as AMD and Arm. MaxLinear also jumped after raising its Q2 revenue outlook well above consensus. Newmont advanced after strong results …
U.S. stocks closed lower on Thursday as declines in Technology, Basic Materials and Financials weighed on the market. The Dow fell 0.37%, the S&P 500 lost 0.41% and the NASDAQ Composite slid 0.89%. A handful of big movers produced outsized gains and losses across large-cap and small-cap lists, while breadth favored decliners on both exchanges.
Canadian equities closed modestly lower on Thursday with the S&P/TSX Composite finishing down 0.12%. Losses in the Healthcare, Information Technology and Materials sectors weighed on the market. Waste Connections, Mullen Group and Canadian Pacific Kansas City were among the top advancers, while Curaleaf, Discovery Silver and Shopify registered the …
Brazil's Bovespa closed down 0.78% on Thursday as losses concentrated in Real Estate, Consumption and Financials pushed the index lower. Market breadth was negative, implied volatility retreated, and commodity and currency moves were mixed with crude oil and coffee higher while gold softened. Several individual stocks posted notable gains and decli…
Elon Musk conveyed a more restrained outlook for Tesla’s robotaxi ambitions during the company’s first-quarter earnings call, saying the rollout is progressing slower than previously projected and that safety-driven validation will constrain expansion this year. Production of the Cybercab has begun but will be slow initially, with broader material …
On April 23, Newmont reported first-quarter results that exceeded analysts' expectations as substantially higher gold prices offset a drop in production. The company posted adjusted earnings of $2.90 per share for the quarter ended March 31, beating the LSEG consensus of $2.18, while realized gold prices averaged $4,900 per ounce compared with $2,9…
Intel said it now expects second-quarter revenue between $13.8 billion and $14.8 billion, a range that sits comfortably above the consensus estimate of $13.07 billion. The stronger outlook reflects robust demand for the company's server processors used in artificial-intelligence data centers. Intel also reported first-quarter revenue and data-cente…
Ecopetrol has struck a deal to purchase about a 26% stake in Brazilian energy firm Brava and plans a public tender offer on Brazil's B3 exchange to build a controlling position. The proposed offer would value Brava shares at 23 reais each, a 27.8% premium to the company’s 90-day volume-weighted average price. The transaction requires sign-off from …
The PGA Tour has reduced its workforce by 4% as part of an organisational restructuring connected to its transition to a for-profit model. The organisation confirmed that 56 full-time U.S.-based employees were laid off and 73 open positions will remain unfilled. The changes were communicated to affected staff by senior team leaders and explained to…
Citigroup is launching a new division inside its investment banking arm aimed at deepening work with financial sponsors and other large private capital clients. The Financial and Strategic Investors group will succeed the bank's Global Asset Management unit and serve three client segments: financial sponsors, sovereign wealth funds and family offic…
Shares of Skillz Inc. jumped sharply after a federal jury in Manhattan found Papaya Gaming Ltd. liable for false advertising and ordered $420 million in damages. The jury also determined Skillz is entitled to $652 million in disgorgement, with a judge scheduled to issue a decision on that figure in early June. The ruling followed a week-long trial …
FuboTV said it is building a user-configurable Multiview experience for select LG smart TVs, aiming to bring the feature to LG devices in time for the 2026 football season. The feature supports up to four simultaneous live channels, is customizable across all Fubo channels, and already exists on Apple TV and some Roku units.
