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
Arxis Inc. set its initial public offering price at $28 per share, selling 40.5 million Class A shares to raise about $1.13 billion. The company expanded the offering size and gave underwriters a 30-day option for up to 6.075 million additional shares. Shares are expected to begin trading on the Nasdaq Global Select Market as ARXS on April 16, with…
Arxis, a maker of electronic and mechanical components for aerospace, defense, medical and specialized industrial markets, raised $1.13 billion in its U.S. initial public offering by selling 40.5 million shares priced at $28 each. The company, owned by buyout firm Arcline, has grown through more than 30 acquisitions since 2019, including the $1.8 b…
A U.S. district judge in Honolulu dismissed the Justice Department's effort to stop Hawaii from pursuing climate-related litigation against major oil companies in state court, finding the federal government's challenge too speculative and noting a longstanding policy against federal intervention in state court processes. The ruling is the second fe…
OpenAI co-founder and CEO Sam Altman filed a motion in federal court in St. Louis seeking to dismiss punitive damages claims in a civil suit brought by his sister, Annie Altman, who accuses him of sexual abuse and rape between 1997 and 2006. In the filing, Sam Altman contends Missouri’s child sexual abuse statute restricts recovery to damages for i…
U.S. equity futures ticked higher Wednesday evening after the S&P 500 and Nasdaq Composite closed at record levels, supported by optimism about potential U.S.-Iran talks and continued corporate earnings strength. S&P 500 futures rose 0.2%, Nasdaq 100 futures gained 0.3% and Dow futures edged up 0.2% as investors weighed diplomatic developments and …
A significant fire on Wednesday night at the Geelong refinery in Corio, Victoria - one of Australia’s last two operating refineries - damaged the motor gasoline production unit and forced the plant to run at minimum rates. The facility, owned by Viva Energy Group Ltd (ASX: VEA), supplies roughly half of Victoria’s fuel and about 10% of national con…
Asian markets opened higher amid signs that Iran may be considering proposals to reduce maritime threats in the Strait of Hormuz and as robust corporate results in the United States lifted risk appetite. Market participants are also braced for key economic releases, including Australian employment figures and Chinese GDP, while Taiwan Semiconductor…
Credit ratings agency S&P Global Ratings reduced the issuer credit rating for the Australian Securities Exchange to "A+/A-1" from "AA-/A-1+" following regulatory findings that the exchange exhibited governance and risk management failures. The downgrade arrives after a lengthy ASIC inquiry that highlighted tactical, short-term responses to tech…
Taiwan Semiconductor Manufacturing Co (TSMC) is expected to report a roughly 50% rise in net profit for January-March, delivering a fourth straight quarter of record earnings driven by strong demand for AI infrastructure. Analysts say demand for the company's 3-nanometre process and advanced packaging continues to exceed current production capabili…
Senior U.S. defense officials have conducted early, wide-ranging discussions with top executives at companies including General Motors and Ford about the potential for those firms and other manufacturers to shift into weapons and military supplies production. The talks, which included GE Aerospace and Oshkosh and began before the war in Iran, come …
Samsung Electronics is accelerating work on its next-generation high-bandwidth memory product, HBM4E, with the goal of producing a sample that meets Nvidia's specifications as early as next month, according to South Korean media. The company, which led peers in HBM4 mass production, exhibited a physical HBM4E sample in March but faces competitors r…
Senior Pentagon officials have begun preliminary discussions with several major U.S. manufacturers, including automakers, to explore converting portions of commercial production capacity and personnel to the manufacture of munitions and military equipment. The outreach, which also involves industrial firms, is part of an effort to place the defense…
Madison Air Solutions completed a $2.23 billion initial public offering by selling 82.7 million shares at $27 apiece, valuing the heating, ventilation and air conditioning provider at $13.2 billion. The offering, the largest U.S. IPO to date this year, highlights investor interest in infrastructure businesses tied to data center growth even as broa…
Johnson Controls is evaluating strategic options for two businesses within its security division - Access Control and Intrusion Detection - that together could fetch as much as $4.5 billion, according to people familiar with the matter. The company has enlisted financial advisers to gauge interest and may sell the units separately or to a single bu…
Spirit Aviation Holdings Inc. faces renewed risk of liquidation as elevated jet fuel costs, attributed to the US war with Iran and the effective closure of the Strait of Hormuz, add stress to the bankrupt low-cost carrier’s restructuring. The carrier, still operating while in Chapter 11, may decide on liquidation as soon as this week while discussi…
General Dynamics Land Systems received a $44.4 million modification from the U.S. Department of War to supply technology and diagnostics upgrades for Stryker Double V-Hull A1 vehicles under contract W912CH-25-D-0025, bringing that contract's total to $63.96 million. Separately, General Dynamics Electric Boat Corp. was awarded a $37.6 million cost-p…
Raytheon Co. of Tucson, Arizona, received an award worth up to $234.7 million from the U.S. Department of War to support the Advanced Medium-Range Air-to-Air Missile Extended Range (AMRAAM ER) Transition to Production program. The cost-plus, fixed-fee undefinitized contract covers the activities needed to move the AMRAAM ER into full-rate productio…
Lockheed Martin Corp. (NYSE:LMT) was awarded two U.S. Department of War contract modifications totalling about $868 million. The larger modification - roughly $850.4 million - supports advanced design and development work on the TRIDENT II (D5) Life Extension 2 program, while a $17.5 million modification will procure material modification kits and …
Mexico's benchmark S&P/BMV IPC ended Wednesday up 1.01%, led by strength in the Industrials, Consumer Goods & Services and Consumer Staples sectors. Televisa units, Megacable and Grupo Aeroportuario del Pacifico were among the top advancers, while Becle, Regional and Chedraui paced declines. Commodity and currency markets showed modest intraday mov…
Colombian shares ended Wednesday's session lower, weighed down by losses in Financials, Investment and Public Services. The benchmark COLCAP index closed down 1.48%. Among individual movers, Ecopetrol recorded the steepest decline while several financial and industrial names advanced.Commodities and currency markets showed mixed moves, with coffee …
Russian equities finished higher on Wednesday, with the MOEX Russia Index rising 0.66% as gains in Power, Mining and Manufacturing sectors drove the market. OZON, Severstal and Aeroflot were the session's strongest performers, while Moskovskiy Kreditnyi Bank PAO, TATNEFT and Rosneft sat among the laggards. Market breadth was positive and volatility…
Madison Air Solutions raised $2.23 billion in its initial public offering by selling 82.7 million shares at $27 each, giving the company a $13.2 billion valuation. The firm, which serves commercial and residential markets including data centers, estimates an addressable North American market of about $40 billion and reported a $2.02 billion backlog…
Madison Air Solutions Corporation has priced an initial public offering of 82.7 million Class A shares at $27.00 each, with an underwriter option for 12.4 million additional shares. The offering, which the company says will raise approximately $2.2 billion, is slated to begin trading on the New York Stock Exchange under the ticker MAIR on April 16,…
The Nasdaq Composite reached a new intraday and closing record as investors returned to technology names, with chipmakers and major AI-linked stocks leading gains. The rebound follows a correction tied to geopolitical tensions and renewed concerns over AI-driven disruption earlier in the year. S&P 500 information technology earnings expectations re…
The administration issued a set of presidential permits permitting construction and the continued operation of pipeline infrastructure at several border locations. The package includes a construction authorization for the Bakken Pipeline Company in Burke County, North Dakota, and operation and maintenance permits for existing facilities in North Da…
