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Stocks and yen struggle as tech troubles weigh
By Marc Jones and Ankur Banerjee LONDON/SINGAPORE (Reuters) - World stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram parent Meta hammered tech, while the yen's drop... More
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- Meta earnings, IBM to acquire HashiCorp, U.S. GDP ahead - what's moving markets
- ServiceNow (NOW) stock falls as refreshed subscription outlook trails estimates
- Ford (F) earnings top estimates in Q1 amid strength in Pro unit; stock up
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Boeing reports first revenue drop in 7 quarters as deliveries decline
- Analysts favorite fintech stock Adyen tumbles after revenue miss
- Texas Instruments (TXN) jumps on first above-consensus guide in seven years
- STMicroelectronics cuts outlook as slower demand causes Q1 miss
- BHP makes $38.8bn bid for Anglo American; analyst thinks improved offer is needed
- Sanofi jumps as Q1 key profit measure tops estimates; Citi reiterates Buy
- AstraZeneca (AZN) shares jump on much stronger Q1 top and bottom line
- Apple's June guidance will miss Street estimates - Barclays
- Visa (V) stock rises as Q2 earnings, revenue come ahead of estimates
- Bank of America analysts say this stock will lead the aerospace renaissance
- Enphase Energy tumbles on guidance miss; BMO trims estimates and price target
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Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
(Updated - April 25, 2024 5:18 AM EDT) Investing.com -- Meta Platforms (NASDAQ: META) reported softer revenue guidance for the current quarter, sending shares lower in premarket... More
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Oil steady as US demand concerns balance Middle East conflict risks
By Alex Lawler LONDON (Reuters) - Oil steadied on Thursday after settling lower the previous day as signs of retreating fuel demand in the U.S., the world's biggest oil user, contended with... More
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Yen hits fresh 34-year lows against dollar ahead of BOJ meeting
By Stefano Rebaudo and Rae Wee (Reuters) - The yen hit fresh 34-year low versus the dollar and a 16-year low against the euro on Thursday as investors expect a Bank of Japan... More
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IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
(Updated - April 25, 2024 4:00 AM EDT) IBM (NYSE: IBM) has reported earnings that beat analysts' expectations for the fiscal Q1 2024, though revenue missed the mark. The company... More
Latest StreetInsider Headlines
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- 06:04 AM FirstCash (FCFS) Tops Q1 EPS by 2c ; Provides Outlook
- 06:04 AM Dow (DOW) Tops Q1 EPS by 11c, Beats on Revenue
- 06:04 AM Escalade (ESCA) Reports Q1 EPS of $0.13
- 06:03 AM Willis Towers Watson (WTW) Tops Q1 EPS by 4c, provides guidance
- 06:03 AM Vertiv Holdings Co. (VRT) PT Raised to $98 at Oppenheimer
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13Fs
- Buffett's Berkshire adds Atlanta Braves stocks, sells GM and Procter & Gamble
- Starboard Value raises stake in Acacia Research, exits Splunk and Papa John's
- Soros fund sells remaining stake in Rivian, buys 1.5M shares of Novo Nordisk in Q3
Accesswire
- Snowline Gold Consolidates 100% of Its Einarson Project and Acquires Adjacent Gold Target With Historical Drill Result of 9.7 Grams per Tonne Gold Over 38.7 M
- Vision To Learn, Children’s Hospital Los Angeles and Compton Unified School District Announce Program to Provide Every Child in Compton With Eye Care
- Alset Capital Inc. Announces C$5.5 Million Two-Year AI Compute Leasing Agreement Signed by Investee Company Cedarcross Technologies
Analyst Comments
- Vertiv Holdings Co. (VRT) PT Raised to $98 at Oppenheimer
- Truist Securities Double Downgrades Monster Beverage (MNST) to Sell
- Boston Scientific (BSX) PT Raised to $86 at Truist Securities
Analyst PT Change
- Vertiv Holdings Co. (VRT) PT Raised to $98 at Oppenheimer
- Vertiv Holdings Co. (VRT) PT Raised to $98 at Oppenheimer
- BofA Securities Downgrades Deckers Outdoor (DECK) to Neutral
Board Changes
- Canadian Pacific Kansas City (CP) Announces Results of Board Elections
- Red Violet (RDVT) Announces Board Changes
- Digital Realty Trust (DLR) Appoints Susan Swanezy to its Board
Business Wire
- Xcel Energy First Quarter 2024 Earnings Report
- Geopolitical Unrest Generates an Onslaught of DDoS Attacks, According to the Latest NETSCOUT Threat Intelligence Report
- Uncover Hong Kong’s Heritage This May with Cultural Festivals and All-New Pyro & Drone Shows
Commodities
- Oil steady as US demand concerns balance Middle East conflict risks
- EU's Proposed Sanctions On Russia To Target Oil Tankers, Ships Moving North Korean Equipment - Reuters
- Crude Inventory Declined 6.4 Million Barrels Last Week
Corporate News
- Snow Lake Resources (LITM) Acquires Black Lake Uranium Project in the Athabasca Basin, Saskatchewan
- WNS Holdings (WNS) Announces CFO Transition
- Fortress Transportation (FTAI) and LATAM Airlines Group S.A. Engineer Perpetual Power Program
Cryptocurrency
- Spot Bitcoin ETFs witness 5th consecutive day of outflows as halving imminent
- Bitcoin price today: tests $59k amid Iran-Israel escalation, halving watch
- Explainer-Bitcoin's 'halving': what is it and does it matter?
Dividends
- West Pharma (WST) Declares $0.20 Quarterly Dividend; 0.2% Yield
- Dorian LPG (LPG) Declares $1.00 Special Dividend; 2.4% Yield
- Home Bancshares (HOMB) Declares $0.18 Quarterly Dividend; 2.9% Yield
Downgrades
- Truist Securities Double Downgrades Monster Beverage (MNST) to Sell
- Morgan Stanley Downgrades Carrefour SA (CA:FP) (CRRFY) to Equalweight
- Truist Securities Downgrades HashiCorp Inc (HCP) to Hold
Earnings
- Honeywell (HON) Tops Q1 EPS by 8c, Beats on Revenue; Offers FY Guidance
- FirstCash (FCFS) Tops Q1 EPS by 2c ; Provides Outlook
- Dow (DOW) Tops Q1 EPS by 11c, Beats on Revenue
Economic Data
- Crude Inventory -6.37M Barrels vs 1.31M Expected
- Durable Goods (Mar P) 2.6% vs 2.5% Expected, Ex-Trans 0.2% vs 0.2%
- MBA Mortgage Applications -2.7% vs 3.3% Prior
Equity Offerings
- Universe Pharmaceuticals (UPC) Files for 20M Share Offering by Selling Stockholders
- Volato (SOAR) Files for Share Offering
- AZZ, Inc. (AZZ) Announces Proposed 4M Share Offering
FDA
- Medivir (MVIR) Granted FDA Rare Pediatric Disease Designation and Orphan Drug Designation for MIV-711
- Acrivon Therapeutics (ACRV) Reports Initial Positive Clinical Data for ACR-368 and Pipeline Program Progress Today at Corporate R&D Event
- Gain Therapeutics (GANX) Announces Positive Results from the Single Ascending Dose (SAD) Part of the Phase 1 Clinical Trial of GT-02287
Fed
- Fed hawks and doves: US central bankers see 'no urgency' to cut
- Fed's Goolsbee: Asked About A Possible Rate Hike If Needed, Says 'Don't Think Anything Is Not On The Table'
- Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says
Globe Newswire
- Nexstim Plc: Managers’ Transactions, Weckroth
- MEDIROM Healthcare Technologies Inc. Announces March 2024 Key Performance Indicators (KPIs)
- WTW Reports First Quarter 2024 Earnings
Guidance
- Willis Towers Watson (WTW) Tops Q1 EPS by 4c, provides guidance
- West Pharma (WST) Tops Q1 EPS by 26c, provides guidance
- AstraZeneca (AZN) shares jump on much stronger Q1 top and bottom line
Hedge Funds
- Legacy Credit Reports Over 5% Stake in VCI Global (VCIG)
- BofA says there is a continued strength in buybacks
- Turtle Creek Asset Management Responds to Gildan (GIL) Board’s Governance Charade
Insiders' Blog
- 7 Things to Know About Allbirds' (BIRD) Upcoming $2 Billion IPO
- HireRight (HRT) IPO: 9 Things to Know About the Upcoming Offering
- Udemy (UDMY) IPO: 7 Things to Know About Upcoming $4 Billion IPO
IPOs
- Marex Group (MRX) Prices 15.38M Share IPO at $19/sh
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Rubrik (RBRK) Prices 23M Share IPO at $32/sh, Above Indicated $28-$31/sh Range - Reuters
Market Check
- Wall St opens higher on tech boost, earnings glee
- Wall Street closes higher as investors digest earnings, megacap outlook
- Wall St stocks end higher with major corporate earnings in view
Mergers and Acquisitions
- Snow Lake Resources (LITM) Acquires Black Lake Uranium Project in the Athabasca Basin, Saskatchewan
- Perrigo (PRGO) Receives Binding Offer to Divest its HRA Pharma Rare Diseases Business for up to EUR 275M
- BHP makes $38.8bn bid for Anglo American; analyst thinks improved offer is needed
New Coverage
- Berenberg Starts Lloyds TSB Group (LYG) at Hold, 'shares are fairly valued'
- Goldman Sachs Starts Victoria's Secret (VSCO) at Sell, 'Tough macro and ongoing competitive pressures'
- Berenberg Starts Lloyds TSB Group (LYG) at Hold, 'shares are fairly valued'
Newsfile
- Hybrid Power Solutions Expands Program Offerings with First Power As A Service (PAAS) Contract
- DLP Resources Expands Copper and Molybdenum zone on the 100 % Owned Esperanza Project with an Additional 53 Rock Samples Returning up to 3.46 % Cu, 130.5ppm Mo, 7930ppm Zn and 245ppm Co
- Kodiak Reports New Copper Porphyry Discovery at 1516 Zone and Final 2023 Drill Results
Press Releases
- Murphy's Naturals Ventures into a New Era with Updated Look and Feel
- Xcel Energy First Quarter 2024 Earnings Report
- Geopolitical Unrest Generates an Onslaught of DDoS Attacks, According to the Latest NETSCOUT Threat Intelligence Report
Private Company News
- Brevan Howard Cuts More Than 100 Employees To Reduce Costs - Bloomberg
- Citadel-Backed Prime Brokerage in Talks to Raise Fresh Capital - Bloomberg
- Red Lobster Mulls Filing For Bankruptcy To Fix Balance Sheet - Bloomberg
PRNewswire
- Perrigo Receives Binding Offer to Divest its HRA Pharma Rare Diseases Business for up to €275 Million
- Mullen Group Ltd. Reports 2024 First Quarter Financial Results
- Dow reports first quarter 2024 results
Reuters
- Explainer-How Trump's immunity claim stalled 2020 election subversion case
- Explainer-Where are Wall Street's analyst notes on Trump's Truth Social?
- Hush money testimony expected to focus on payment to ex-Playboy model
SEC Filings
- Form 6-K Ardmore Shipping Corp For: Apr 24
- Form EFFECT RREEF Property Trust,
- Form EFFECT GAMCO Global Gold, Natur