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.
25,383 total articles
Standard Chartered has appointed Andy Burrill as interim chief financial officer following Diego De Giorgi's immediate resignation to join Apollo Global Management as a partner and head of its Europe, Middle East and Africa business. The bank said a permanent CFO will be announced in due course, while Apollo confirmed De Giorgi will succeed Rob Sem…
Kering reported fourth-quarter revenues of 3.9 billion euros, a 3% decline year-on-year on a currency-adjusted basis that outperformed analyst expectations for a 5% fall. The Italian flagship brand Gucci saw revenue drop 10%, marking its tenth straight quarter of declines. Incoming CEO Luca de Meo has taken rapid steps to shore up the balance sheet…
TeamViewer forecast 2026 revenue growth between 0% and 3% and an adjusted EBITDA margin around 43% as market volatility prompted conservative guidance. Fourth-quarter pro-forma revenue exceeded consensus and the company reported a strong adjusted EBITDA margin. Management signaled confidence in returning to mid- to high-single-digit growth over the…
Tesco has converted the competitive threat from rapid-delivery startups into a scaling opportunity for its own service, Whoosh. By operating from existing stores and using third-party couriers, Tesco has rapidly expanded reach and sales, contributing to online growth and supporting its push to regain market share while trading at a valuation discou…
Indian pharmaceutical company Lupin has agreed to pay Japan’s Astellas Pharma $90 million to resolve a patent infringement dispute over the bladder control medication Mirabegron, allowing Lupin to continue U.S. sales. The payment structure includes a $75 million prepaid option and additional per-unit licensing fees on sales of Mirabegron through Se…
Jefferies upgraded Aixtron SE to a buy rating and raised its price target to €27 from €18.20, citing rising hyperscaler and optical communications capital expenditure that should underpin optoelectronics revenue through 2026 and 2027. The bank also flagged medium-term upside from gallium nitride adoption in AI data centers and viewed silicon carbid…
The S&P/ASX 200 finished higher in Sydney trading, rising 0.19% as gains in the IT, Healthcare and Gold sectors supported the market. A small group of mid- and small-cap stocks delivered the session's strongest advances, while several insurance-related names and a broker group hit multi-period lows. Volatility and commodity prices moved modestly al…
Australian authorities have requested a meeting with Roblox following reports that children on the platform were approached by predators and exposed to graphic material. Communications Minister Anika Wells has written to the U.S.-listed company expressing 'grave concern,' while the national eSafety Commissioner will test the platform's age-based sa…
Standard Chartered has appointed Peter Burrill as interim group chief financial officer after Diego De Giorgi left the bank with immediate effect to join Apollo Global Management. Burrill, who joined Standard Chartered in 2017 and currently serves as group-head of central finance and deputy CFO, will be based in London and report directly to Group …
Standard Chartered has appointed Peter Burrill as interim group chief financial officer after Diego De Giorgi stepped down immediately to pursue an external opportunity. Burrill, who joined the bank in 2017 and currently serves as group-head of central finance and deputy CFO, will be based in London and report to Group CEO Bill Winters. The lender …
FTSE Russell has postponed a planned March review of Indonesian securities following guidance from an advisory committee that cited weak turnover and unclear free-float percentages. The decision, effective immediately, stops newly listed Indonesian stocks from being added to FTSE products and halts routine index updates. The move follows similar ac…
Macquarie Group's shares rose after the investment bank reported satisfactory trading for the quarter to Dec. 31, with multiple divisions posting higher profit contributions year-on-year. Asset management gains were driven largely by a sale, while commodities, asset finance and investment-related income supported other units. Banking and Financial …
Forgent Power Solutions Inc. said its underwriters exercised the entire over-allotment option tied to its initial public offering, acquiring 8.4 million additional shares at $27.00 apiece. The block included shares sold by parent entities controlled by Neos Partners, LP and shares offered directly by Forgent. The company will use net proceeds from …
U.S. equity futures were largely unchanged Monday evening following modest gains in regular trading, as the Dow closed at a record high. Technology stocks led advances in the session, while traders adopted a cautious stance ahead of delayed U.S. jobs and consumer price index reports scheduled for later this week and several corporate earnings relea…
The Trump administration is pursuing voluntary commitments from leading technology companies to limit the local impacts of rapidly expanding artificial intelligence data centers. Two administration officials indicated the compact aims to prevent higher household electricity bills, excessive water use and stress on public power grids as AI infrastru…
Amazon has indicated to executives in the publishing sector that it intends to introduce a marketplace enabling publishers to sell content to companies developing AI products. Slides circulated by Amazon Web Services ahead of a company event reference the marketplace and place it alongside core AI tools. The development unfolds amid ongoing negotia…
The Teamsters Union has taken United Parcel Service to court, saying a recently revised driver buyout initiative violates provisions of the parties' National Master Agreement. The union says the new Driver Choice Program expands beyond prior offers and that UPS has not supplied requested information. UPS says it engaged with the union in January an…
Mark Hamer, the deputy assistant attorney general and second-in-command at the U.S. Justice Department’s Antitrust Division, announced his departure after nearly a year on the job. In a LinkedIn post, Hamer said he had committed to serving one year when he accepted the position and highlighted 2025 as a peak year for civil antitrust enforcement. He…
Treasury Wine Estates has reached a settlement with U.S. distributor Republic National Distributing Company (RNDC) over the shutdown of RNDC’s California operations last September. The agreement calls for Treasury Wine to repurchase inventory held in California and follows an upward revision to first-half earnings before interest and taxes to appro…
Moody's Ratings has affirmed Fortrea Holdings Inc.'s B3 Corporate Family Rating and associated debt ratings, while revising the outlook from negative to stable. The agency expects adjusted debt-to-EBITDA to fall below 10x within 12 to 18 months, though leverage remains very high and governance risks are material to the rating.
Fitch Ratings has moved GeoPark Limited’s outlook to positive from stable while affirming its long-term foreign- and local-currency issuer default ratings at 'B+'. The upgrade in outlook follows GeoPark’s planned acquisition of Frontera Energy Corporation’s Colombian upstream assets for up to $400 million, a deal Fitch says will increase scale, pro…
Clear Channel Outdoor agreed to be acquired for $6.2 billion in cash by Mubadala Capital and TWG Global. Shareholders will receive $2.43 per share, a 71% premium to the unaffected price of $1.42 on October 16, 2025. The deal, approved unanimously by the company's board, is expected to close by the end of Q3 2026 and will take the company private.
The National Labor Relations Board has moved to dismiss its two-year-old complaint alleging SpaceX fired eight engineers over an open letter criticizing Elon Musk, citing a separate agency's view that the engineers fall under National Mediation Board jurisdiction. The decision signals the NLRB will avoid future enforcement actions against SpaceX wh…
RingCentral Inc. saw its stock climb in after-hours trading after S&P Dow Jones Indices said the company will be added to the S&P SmallCap 600. The addition, effective before market open on Thursday, February 12, will see RingCentral replace Hillenbrand Inc., which is being acquired by Lone Star Funds. Index inclusion typically prompts purchases by…
RTX Corp. won a $230.5 million contract from the U.S. Department of War to procure materials for F135 propulsion systems. The award, structured as a fixed-price-incentive and cost-plus-incentive-fee agreement, is intended to protect the delivery timeline for 138 propulsion systems in Lot 20 and covers work across multiple U.S. locations. Funds from…
