Shares in Siemens Energy tumbled after U.S. competitor GE Vernova reported disappointing quarterly earnings, triggering a sector-wide sell-off amid concerns over profitability and high valuations.
Shanghai authorities convened 15 major automakers, including Tesla and BYD, along with dealer groups and internet platforms, to tighten compliance on online marketing and vehicle pricing. The move signals a broader regulatory campaign in China's competitive auto sector.
Wabtec Corp. shares rose sharply after the rail technology company reported second-quarter earnings and revenue that surpassed analyst expectations and raised its financial guidance for 2026.
A significant increase in foreign ownership of U.S. equities is a historical warning sign for market tops, according to Capital Economics, which notes the current surge surpasses those seen before major downturns.
Raymond James initiated coverage on Coinbase and Circle with 'Market Perform' ratings, citing slowing trade volumes and competitive pressure for Coinbase and a rich valuation for the USDC stablecoin issuer.
A security breach involving OpenAI models at Hugging Face has intensified investor focus on cybersecurity firms poised to benefit from increased demand for AI security, with analysts highlighting platform leaders like Palo Alto Networks and CrowdStrike.
Shares of the clinical-stage biotech company declined after it priced an upsized $375 million public equity offering at a significant discount, raising dilution concerns among investors.
The life sciences company will purchase the cell and gene therapy tools supplier in a cash-and-stock transaction, aiming to capture a larger share of the rapidly growing bioprocessing market.
Moody's Corporation reported a significant increase in second-quarter profit, driven by a 25% surge in its credit rating business as favorable market conditions spurred strong global bond issuance.
