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
Beyond Meat reported a steeper-than-expected operating loss and quarterly revenue that missed analyst estimates as demand for higher-priced processed plant-based products remained weak. The company also disclosed delays to reporting driven by identified material weaknesses in inventory accounting and said it cannot yet estimate when its annual repo…
ORIC Pharmaceuticals' stock dropped 27% after the company named 400 mg once daily as the recommended Phase 3 dose of rinzimetostat in combination with darolutamide for the Himalayas-1 registrational trial in post-abiraterone metastatic castration-resistant prostate cancer. The choice followed dose-optimization findings showing comparable efficacy b…
The Federal Reserve Bank of New York has appointed Citigroup CEO Jane Fraser to the Federal Advisory Council for a one-year term that began in January. The council, which offers industry perspective to the Fed's Board of Governors, includes one banking representative from each of the 12 Federal Reserve districts and typically meets quarterly in Was…
S&P Global Ratings upgraded the Cook Islands' long-term sovereign credit rating to BB- from B+ late on Tuesday, citing a tourism-led economic rebound and fiscal restraint that have strengthened public finances. The agency assigned a stable outlook, maintained the short-term sovereign rating at B and kept the transfer and convertibility assessment a…
A federal judge in Manhattan has permitted former Twitter investors to proceed with a class action alleging Elon Musk delayed disclosing his initial stake in the company, potentially exposing him to larger damages. Plaintiffs contend Musk violated SEC timing rules by failing to reveal a 5% ownership threshold on March 24, 2022 and instead disclosed…
After the market close, shares of several companies moved sharply following quarterly reports. Nike slipped despite beating estimates on sales and earnings, RH tumbled after missing consensus expectations, nCino posted results that outperformed forecasts and gained strongly, and BRC Group logged a double-digit revenue increase and rose after report…
U.S. stock indices finished higher on Tuesday, with the Dow Jones Industrial Average up 2.49%, the S&P 500 rising 2.91%, and the NASDAQ Composite advancing 3.83%. Technology, Industrials and Consumer Services sectors paced the rally. Several large-cap names recorded notable moves in both directions, while market breadth favored advancers across the…
Canada's equity market closed higher as gains concentrated in Materials, Healthcare and Information Technology sectors propelled the S&P/TSX Composite up 2.61%. Market breadth favored advancers by more than four to one, while commodity and currency moves showed mixed signals at the close in Toronto.
Brazilian equities closed higher on Tuesday in Sao Paulo, with the Bovespa index rising 2.71% as Financials, Real Estate and Industrials posted strong gains. Natura & Co SA led individual movers, jumping 12.99%, while Prio SA was the largest decliner, down 8.17%. Commodities and currency markets showed mixed moves, with June gold up sharply and the…
Banks led by JPMorgan are exploring adjustments to the $7.2 billion debt package backing the Clayton, Dubilier & Rice buyout of Sealed Air, signaling potential changes to protections for lenders after investor resistance over provisions tied to potential spin-offs of the company’s units. The largest tranche—a U.S. dollar loan—had drawn roughly $3 b…
Robinhood Markets' banking business has gathered more than $1.5 billion in customer deposits from nearly 100,000 funded accounts, CEO Vlad Tenev said. The company noted a roughly 50% rise in deposits over the referenced period, and the stock climbed 6% on Tuesday, aided by broader market gains and a rebound in Bitcoin prices.
U.S. Customs and Border Protection said it has made measurable progress developing a dedicated portal and processing system to refund roughly $166 billion in tariff collections the Supreme Court found unlawful under the International Emergency Economic Powers Act (IEEPA). Agency officials said the new setup will accept claims in stages, prioritize …
Teladoc Health stock climbed 4% following a March 31 letter from activist investor Pineal Capital Management calling for a minimum $200 million share buyback and a strategic review that could include separating the company's two principal segments. The investor accused management of sluggish decision-making and poor capital allocation, pointed to d…
John Addison, Vitol’s lead U.S. gasoline trader and head of refined products trading in the Americas, plans to retire at age 47 after more than 17 years at the firm, sources said. Addison played a central role this year in securing a deal for the first exports of Venezuelan oil following Nicolas Maduro’s capture by U.S. forces. He intends to shift …
UBS Chief Executive Officer Sergio Ermotti said he will remain in his role until at least April 2027 and left open the possibility of extending his tenure. Speaking at an event in Geneva, Ermotti reiterated his commitment to completing the integration of Credit Suisse and navigating forthcoming regulatory work, and indicated a preference for an int…
Tuesday’s trading session produced notable volatility across market-cap segments. Large technology firms and several chip-related names posted meaningful gains after corporate announcements, while a subset of small-cap and energy-related stocks dropped sharply following earnings and guidance updates. The following recap catalogs the largest movers …
RBC Capital has expressed skepticism about Unilever's proposed reconfiguration of its foods division in a transaction involving McCormick, saying the terms revealed so far create more questions than answers. The firm, which maintains an Underperform rating and a 4,200p price target on Unilever, described the deal as far from a clean divestment and …
Markets will digest a compact schedule of U.S. economic releases on Wednesday, April 1, 2026, beginning with the ADP private payrolls estimate and moving through retail sales data, manufacturing PMIs from S&P Global and the ISM, and weekly crude oil inventory figures from the Energy Information Administration. The calendar also includes a set of re…
Chery Automobile says it intends to restart production at the Rosslyn manufacturing plant in South Africa by the end of 2027 after acquiring the site from Nissan (T:7201). The automaker plans to retrofit and recommission the facility over the next 12 to 18 months, with a focus on producing electrified vehicles alongside internal combustion models a…
TikTok has applied to Brazil's central bank for authorization to operate as a fintech capable of issuing electronic money and offering direct credit, according to two people with direct knowledge. The filings would permit prepaid accounts and lending activity using the company’s own capital or as a lending platform. ByteDance executives recently me…
Oracle is cutting thousands of positions, according to a CNBC report citing two people familiar with the matter. The company did not comment on the layoffs. The reductions coincide with an intensified investment program in AI infrastructure as Oracle seeks to compete with other cloud providers. Oracle has said its fiscal 2026 restructuring could co…
Mercedes-Benz said it will invest more than $7 billion in its U.S. operations by 2030, allocating $4 billion to its Tuscaloosa, Alabama assembly plant. The announcement coincided with the world premiere of two new SUVs and the celebration of the Tuscaloosa plant's five-millionth SUV and 30 years of production.
Shares of Unilever and McCormick dropped sharply after the announcement of a planned $65 billion tie-up that will combine Unilever’s food division with McCormick via a Reverse Morris Trust. Investors cited unease about the deal’s structure, the protracted path to closing and the likelihood of regulatory scrutiny as reasons for the selloff.
The Consumer Financial Protection Bureau (CFPB) is preparing to finalize a regulation, first proposed in November, that would restrict the agency's ability to enforce disparate-impact liability for lenders. The pending rule would remove a longstanding requirement that banks and other lenders guard against policies producing discriminatory effects o…
Irenic Capital Management disclosed a roughly 2.5% economic stake in Snap and told the social media company it could be worth at least five times its current valuation if it implements cost reductions, portfolio changes and stronger use of artificial intelligence. The activist urged Snap to consider spinning off or shuttering its augmented-reality …
