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Houlihan Lokey rises after Wells Fargo upgrades to 'overweight'
Shares of investment bank Houlihan Lokey HLI.N rise as much as 3.8%; last up 2.3% at $157.96 in afternoon trade. Wells Fargo Securities upgrades HLI to "overweight" from "underweight", according to data compiled by LSEG** Stock outperforms rival U.S. investment banks.
Mar 11, 2025
CORRECTED-Central Europe's economies should reform to respond to slowing trade growth, IMF says
Central Europe's economies heavily depend on tradeSlowing global trade poses risks to the region, IMF saysReforms to boost productivity, removing EU trade barriers could helpBy Gergely Szakacs BUDAPEST, March 11 (Reuters) - Central Europe's export-dependent economies face risks from slowi...
Mar 11, 2025
AT&T falls after co records elevated churn in January
** Shares of telecom company AT&T T.N fall 3.7% to $26.3** Company recorded elevated churn in January, says CFO Pascal Desroches at industry conference** Desroches adds he does not expect the industry to grow as much in 2025 as it did in 2024** As of previous close, T stock up ~20% YTD...
Mar 11, 2025
Three killed in biggest Ukrainian drone attack on Moscow region
At least 91 drones downed around Moscow, 343 overall in RussiaThree killed by debris at meat warehouse, 17 others injured Largest Ukrainian drone attack on Russian capitalUkraine: drones hit oil facilities in Moscow and Oryol regionsBy Guy Faulconbridge and Anton Kolodyazhnyy MOSCOW, March 11 (Re...
Mar 11, 2025
Euro rallies on hopes of German defence deal; dollar slips again
March 11 (Reuters) - The euro scaled a new four-month peak against the dollar on Tuesday on hopes a German defence spending deal could be struck by the end of the week, while the dollar index slipped to its lowest since October due to U.S. recession fears.
Mar 11, 2025
Kohl's slumps after forecasting bigger-than-expected drop in 2025 sales
Shares of U.S. department store chain Kohl's KSS.N fall 17% to $10 premarket. The compa forecasts a bigger-than-anticipated drop in annual sales and expects profit below Wall Street estimates as it grapples with uneven demand.Expects comparable sales to decline 4% to 6% during 2025, compared...
Mar 11, 2025
[Reuters Analysis] US recession risk provides tinder for smoldering market volatility: McGeever
ORLANDO, Florida, March 10 (Reuters) - Financial market volatility has bubbled up to its highest level this year thanks to the chaotic implementation of U.S. President Donald Trump's protectionist trade agenda. While volatility hasn't boiled over yet, investors would do well to guard against...
Mar 11, 2025
Gold drifts higher ahead of US inflation data
March 11 (Reuters) - Gold prices rose on Tuesday, supported by safe-haven flows as trade war concerns sapped risk sentiment across wider markets, while attention was on U.S. inflation data.
Mar 11, 2025
Commerzbank Expects Brent Oil Price Of $70/bbl By End Of Second Quarter
March 11 (Reuters) - COMMERZBANK: EXPECTS BRENT OIL PRICE OF $70 PER BARREL BY END OF SECOND QUARTERFOR FOLLOWING QUARTERS, FORECASTS BRENT OIL PRICE OF $75, AS US SANCTIONS AGAINST IRAN SHOULD LEAD TO REDUCTION IN OIL SUPPLY...
Mar 11, 2025
American Airlines forecasts bigger first-quarter loss
March 11 (Reuters) - American Airlines AAL.O on Tuesday forecast a bigger first-quarter loss, amid concerns that tariff pressures and government spending uncertainties could dampen travel demand.
Mar 11, 2025
Wall Street lenders edge higher after selloff in previous session
Shares of major Wall Street banks edge up in premarket trading after seeing major selloff in the previous session; Investors are also keeping a keen eye on jobs data, which is due on Tuesday, to gauge the health of the economy and rate cut trajectory from the Federal Reserve...
Mar 11, 2025
US STOCKS-Futures edge higher after Wall St selloff, jobs data awaited
March 11 (Reuters) - U.S. stock index futures inched up on Tuesday following this year's biggest one-day drop for Wall Street's main indexes in the previous session, ahead of jobs data later in the day.At 05:34 a.m. ET, Dow E-minis 1YMcv1 were up 134 points, or 0.32%, S&P 500 E-minis EScv1 were...
Mar 11, 2025
Prices up amid lower Norway exports, higher demand
LONDON, March 11 (Reuters) - Dutch and British wholesale gas prices rose on Tuesday morning amid lower Norwegian exports to Europe and higher demand.The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 was up 0.64 euro at 41.68 euros per megawatt hour (MWh) by 0932 GMT, LSEG data...
Mar 11, 2025
Crude oil market share battle may be kicking off in Asia: Russell
LAUNCESTON, Australia, March 11 (Reuters) - A new scramble for crude oil market share in Asia may be kicking off as top exporters Saudi Arabia and Russia move to boost cargoes to the world's top importing region.
Mar 11, 2025
Oracle gives strong long-term growth outlook as AI cloud demand soars
March 10 (Reuters) - Oracle ORCL.N CEO Safra Catz on Monday gave a strong growth outlook for its fiscal 2026 and 2027, indicating that the skyrocketing demand for advanced artificial intelligence computing shows no signs of slowing down.
Mar 11, 2025
Street View: Oracle's growth outlook optimistic despite recent misses
Oracle ORCL.N CEO Safra Catz on Monday projected strong growth for fiscal 2026 and 2027, driven by surging demand for advanced AI computing.Shares of cloud service provider down 2.7% at $144.85 premarket.
Mar 11, 2025
German Bund yields edge up, fiscal plans in focus
March 11 (Reuters) - Euro area benchmark Bund yields edged higher as investors monitored German political developments to assess the size and timing of a planned massive increase in fiscal spending.Germany's Greens vowed to block plans by likely next chancellor Friedrich Merz to raise state...
Mar 11, 2025
PRECIOUS-Gold rises as dollar, Treasury yields fall; US data awaited
Gold's overall uptrend remains intact, analyst saysDollar hovers near four-month lowU.S. CPI data due on WednesdayBy Anjana Anil March 11 (Reuters) - Gold rose on Tuesday on weak dollar and Treasury yields, as investors awaited inflation data to assess the Federal Reserve's policy path am...
Mar 11, 2025
Dollar dithers as safety bid flows to the yen
SINGAPORE, March 11 (Reuters) - The yen was investors' safe harbour of choice on Tuesday and it touched a five-month high as fears about a tariff-driven slowdown in U.S. economic growth have rattled U.S. stocks and the dollar.
Mar 11, 2025
Trump says he will buy a 'new Tesla' to show support for Musk
March 11 (Reuters) - U.S. President Donald Trump on Tuesday said he will buy a new Tesla car to show support for the electric carmaker's chief and his ally Elon Musk amid recent "Tesla Takedown" protests and the slump in the company's stock price.Musk's role in sweeping cuts to the federal...
Mar 11, 2025
