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
Aluminum Corp of China (HK:2600), known as Chalco, said it expects first-quarter net profit attributable of 5.30-5.59 billion yuan, a 50%-58% rise year-on-year, citing elevated aluminum prices and improved bauxite self-sufficiency. Shares rose about 3% in Hong Kong and Mainland trade, outperforming broader market indices.
Bank of America has singled out a group of Asia-Pacific semiconductor firms it sees as well positioned to capture a rising share of revenue tied to artificial intelligence processor demand. The bank’s analysis emphasizes volume and revenue estimates tied to partnership-driven TPU and ASIC programs, led by Taiwan Semiconductor Manufacturing Company …
Bill Ackman is reportedly exploring a separate strategy at Pershing Square that would place big, asymmetric bets against prevailing market narratives. The approach is intended to replicate prior pandemic-era trades that produced substantial gains; the new vehicle would retain cash in short-term U.S. debt until deploying capital into large credit an…
Fagron reported first-quarter revenues of €263.4 million, a 10.3% increase year-over-year, driven by broad regional contributions and an acquisition completed during the quarter. The company reported 3.2% organic growth at constant exchange rates, highlighted strong performance in Latin America and progress integrating Pharmavit in the Netherlands,…
Rene Haas, chief executive of UK chip designer Arm, is expected to assume additional oversight within SoftBank Group’s international technology operations while remaining Arm’s CEO. The expanded remit would cover semiconductors, artificial intelligence and possibly robotics, intended to further SoftBank CEO Masayoshi Son’s push into AI hardware, an…
Shares of Zhipu AI (HK:2513) and MiniMax Group (HK:0100) climbed in Hong Kong trade as fresh model releases, price adjustments and broader AI product launches sustained a bullish tone for the sector. Zhipu led gains after unveiling GLM-5.1 and increasing model pricing for a second time this year, while MiniMax moved higher amid spillover demand and…
BHP Group's incoming chief executive, Brandon Craig, met this week in Beijing with Chinalco Chairman Duan Xiangdong to discuss expanding cooperation, according to a Chinalco WeChat post. The visit occurs amid an ongoing pricing dispute between BHP and China’s Mineral Resources Group, which has barred some steel mills from purchasing multiple BHP pr…
Pony.ai, Uber and Verne announced a partnership to introduce the first commercial robotaxi service in Europe, beginning operations in Zagreb. Pony.ai will supply its Gen-7 autonomous driving system, Verne will act as fleet owner and operator and lead regulatory coordination, and Uber will integrate the service into its ride-hailing app while invest…
Asian equity markets traded largely flat to lower after a prior risk-on rally lost momentum, with investors reacting to renewed doubts over the terms of a Pakistan-mediated ceasefire between the U.S. and Iran. Oil prices moved higher as the Strait of Hormuz - effectively blocked by Iran - showed little sign of reopening, keeping markets on edge. Ma…
Alibaba shares declined in Hong Kong following Jefferies' reduction of its price target for the company's U.S. listing. The brokerage highlighted increased spending to promote Alibaba's Qwen AI products and larger-than-expected losses in non-core businesses as drivers of the adjustment. Despite maintaining a Buy rating, Jefferies sees near-term ear…
FedEx and the Air Line Pilots Association (ALPA) announced a tentative agreement after prolonged negotiations that began in May 2021. The pact outlines a roughly 40% hourly wage increase in 2026, subsequent annual raises from 2028 through 2030, and significant retroactive pay for captains and first officers. The agreement will be reviewed by the Fe…
Asian equities retreated from recent rallies after signs the fragile ceasefire in the Gulf was fracturing. Iran’s control over the Strait of Hormuz and demands for safe-passage tolls pushed crude prices higher, reinforcing expectations that rising energy costs will feed into inflation and complicate central bank policy paths.
Disney is preparing to eliminate roughly 1,000 positions in the coming weeks as part of a broader reorganization under incoming leadership. The reductions are expected to be concentrated in the company’s contracting marketing function and follow prior workforce cuts implemented since 2022. The move comes amid continued pressure on streaming profita…
Bendigo and Adelaide Bank recorded cash earnings after tax of A$137.9 million for the quarter ended March 31, a 12.8% increase from A$122.2 million a year earlier. The bank cited higher net interest margins and robust lending growth, while unveiling partnerships with Infosys and Genpact that will prompt changes to its technology and business operat…
U.S. equity futures were largely unchanged Wednesday evening after a strong session on Wall Street driven by reports of a two-week ceasefire between Washington and Tehran. Skepticism lingered, however, after Iran accused the U.S. and Israel of violating elements of the agreement, principally over whether Lebanon was included. Tech and semiconductor…
ACP Holdings Acquisition Corp. completed an initial public offering of 20 million units at $10 per unit, generating $200 million in proceeds, and closed the offering on April 8, 2026. The units, which began trading on Nasdaq on April 7, 2026 under ticker ACGCU, consist of one Class A ordinary share and one-half of a redeemable warrant. A concurrent…
A government-commissioned review led by the Investment Association recommends the UK financial regulator clarify how firms present investment risk so they can offer balanced accounts of risks and rewards. The report finds that the current prevalence of 'capital at risk' warnings is often misunderstood and deters household participation in equity ma…
OpenAI's finance chief told CNBC the company will reserve part of any initial public offering for individual investors after seeing robust retail interest in its latest funding round. The AI developer closed a major private placement with substantial commitments and a valuation in the hundreds of billions, while officials continue to prepare the co…
A diplomatic development that eased oil prices triggered a wide risk-on move across world equity markets, sending major indexes sharply higher. Investors who had positioned in AI-selected stocks for April - via a premium stock-picking service - captured notable gains in names including Wingstop, Teradyne, PACS and UnitedHealth. The same AI-driven a…
Apogee Acquisition Corp completed its initial public offering in early April 2026, generating $172.5 million in gross proceeds by selling 17.25 million units at $10 each. The special purpose acquisition company listed its units on NASDAQ under ticker AACPU and plans to pursue mergers with firms developing advanced technologies across both physical …
Mexico's benchmark S&P/BMV IPC closed higher Wednesday, rising 2.47% to reach a one-month high as gains in Industrials, Consumer Goods & Services and Consumer Staples propelled the market. Market breadth favored advancers, with major winners including Controladora Vuela, Industrias Peñoles and Grupo México, while Gruma, FEMSA and Qualitas finished …
Colombian equities closed higher Wednesday with the COLCAP index up 0.43%, supported by strength in the Industrials, Services and Agriculture sectors. Leading gainers included Etb, Grupo Nutresa SA and Cementos Argos SA, while preferred and ordinary classes of Grupo de Inversiones Suramericana SA and Corporacion Financiera Colombiana SA were among …
Moscow-share indexes closed lower on Wednesday, driven by losses across the Oil & Gas, Power and Manufacturing sectors. The MOEX Russia Index finished the session down 1.13%, with more decliners than advancers on the exchange and a notable rise in implied volatility for index options. Commodity and FX moves were mixed, with June gold stronger, May …
X-Energy submitted a filing on Wednesday for a proposed initial public offering on the Nasdaq, proposing the ticker symbol XE. In its filing the company characterizes itself as a designer of small modular reactors (SMRs) and a manufacturer of advanced nuclear fuels, and links rising electricity demand driven by AI and data center growth to the case…
After the market closed, several companies saw notable share movement driven by a range of corporate developments: Constellation Brands retreated after guidance fell short of estimates; Applied Digital and STAAR Surgical posted results or preliminary figures above expectations; Forte Biosciences launched a public offering; and New Era Energy & Digi…
