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US STOCKS-S&P 500 dips slightly after Fed keeps rates steady as expected
Fed keeps rates steady, cites stabilizing jobs market, high inflationTraders still bet first rate cut will be in JuneTexas Instruments, AT&T, Seagate shares rally after quarterly updatesInvestors wait for Mag 7 earningsBy Sinéad Carew and Pranav Kashyap Jan 28 (Reuters) - The S&P 500 clos...Reuters
Wed, Jan 28
Jefferies sees low risk of earnings impact for CSL from potential US regulatory review
Jefferies expects minimal risk of meaningful earnings impact for CSL CSL.AX as various U.S. regulatory reviews including CMS programs are undertakenBrokerage says there is ongoing lack of regulatory focus on plasma - key product for CSL - compared with other drug categoriesAdds plasma industry looks...Reuters
Wed, Jan 28
Truth Social Funds plans acquisition of God Bless America ETF
Truth Social to acquire God Bless America ETF, pending shareholder approvalTruth Social ETFs have $46 million in assets one month after launchYALL complements Truth Social's index-backed funds with active managementBy Suzanne McGee Jan 28 (Reuters) - Yorkville America Equities, LLC, the inves...Reuters
Wed, Jan 28
Richtech Robotics retreats after stock sale following Microsoft partnership
Shares of Richtech Robotics RR.O down 10.4% to $4.95 on Weds after it raises equity on heels of announcing partnership with Microsoft MSFT.OAI-driven service robots provider early Weds said it sold 8.5 mln shares to an institutional investor in private placement for gross proceeds of approx $38.7 ml...Reuters
Wed, Jan 28
EMERGING MARKETS-Latam currencies slip after Fed leaves rates unchanged; Brazil in focus
MSCI Latam FX flat, stocks gain 0.6%Brazil interest rate decision awaited Chile's central bank holds rates steady Vale gains after upbeat Q4 results By Purvi Agarwal and Johann M Cherian Jan 28 (Reuters) - Latin American currencies slipped against a stronger dollar on Wednesday, after the U....Reuters
Wed, Jan 28
Brokerages upbeat on Bank of Queensland tapping insider as next CEO
Morningstar sees no wholesale change in strategy after Bank of Queensland BOQ.AX CEO Patrick Allaway steps downRegional bank on Wednesday announced current chief transformational officer Rod Finch to take over as CEOInvestment research firm says Allaway's position was never expected to be long-t...Reuters
Wed, Jan 28
GLOBAL MARKETS-Stocks retreat from record high, dollar higher after Fed keeps rates steady
Dollar steadies after sharp dropS&P 500 crosses 7,000 levelFed keeps rates steady as expectedMeta, Tesla report earnings after the closeBy Chuck Mikolajczak NEW YORK, Jan 28 (Reuters) - Global stocks were on pace to snap a five-session streak of gains on Wednesday, while the U.S. dollar held ...Reuters
Wed, Jan 28
US STOCKS-S&P 500 holds losses after Fed keeps rates steady as expected
Indexes: Dow down 0.01%, S&P 500 down 0.09%, Nasdaq up 0.10%Fed keeps rates steady, cites stabilizing jobs market, high inflationTraders still bet first rate cut will be in JuneInvestors wait for Mag 7 earningsBy Sinéad Carew and Pranav Kashyap Jan 28 (Reuters) - The S&P 500 held its loss...Reuters
Wed, Jan 28
PREVIEW: ServiceNow's subscription revenue seen boosting quarterly earnings
Shares of enterprise software maker ServiceNow NOW.N are down 1% to $130.38 ahead of its quarterly earnings result due after markets close on WednesdayWall Street analysts expect 19% jump in NOW's revenue to $3.5 bln, helped by subscription revenue growth as well as 20% rise in adjusted EPS to 8...Reuters
Wed, Jan 28
LIVE MARKETS-US stocks barely budge after Fed holds rates steady
Nasdaq edges green; Dow ~flat, S&P 500 slipsFOMC leaves rates unchangedTech, Energy only S&P 500 sector gainers; Healthcare weakest groupDollar rallies ~0.8%; bitcoin gains; crude up >1%; gold up >2%US 10-Year Treasury yield rises to ~4.27%Welcome to the home for real-time coverage of ...Reuters
Wed, Jan 28
Prosperity Bancshares bolsters Texas presence with $2 billion Stellar Bancorp buy
By Arasu Kannagi BasilJan 28 (Reuters) - Prosperity Bancshares PB.N will buy rival Stellar Bancorp STEL.N in a $2 billion cash-and-stock deal, the banks said on Wednesday, creating a mega Texas-focused lender and highlighting rapid consolidation among U.S. regional lenders. Dealmaking activity betwe...Reuters
Wed, Jan 28
Lobbying firm Public Policy slips in Nasdaq debut after $51 million IPO
Lobbying firm Public Policy Holding's PPHC.O shares fall below IPO price in Nasdaq debutStock opened for trading at $12.19 apiece, valuing the firm at $347.8 millionPPHC and some of its backers sold 4.15 million shares at $12.25 apiece in U.S. IPO to raise roughly $50.8 millionStock fell as low ...Reuters
Wed, Jan 28
EXPLAINER-Can 'Trump Accounts' boost savings for younger Americans?
Program offers $1,000 seed money for children born 2025-2028Employers like JPMorgan, BofA to match government contributionsFinancial literacy, savings habits key to program's successBy Lauren Young NEW YORK, Jan 28 (Reuters) - "Trump Accounts" are tax-advantaged investment accounts de...Reuters
Wed, Jan 28
Starbucks pares gains after upbeat annual global sales forecast
Shares of U.S. coffee chain Starbucks SBUX.O pare gains, last up about 1% at $96.81SBUX records first sales growth in U.S. in two years; however, investors are still concerned about sinking margins that have not risen for two straight yearsCo posts 4% rise in quarterly global comparable sales, compa...Reuters
Wed, Jan 28
U.S. STOCKS ON THE MOVE-Applied Materials, Sherwin-Williams, Caterpillar
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8The S&P 500 briefly topped 7,000 points for the first time on Wednesday only to pull back, with volatility picking up as traders awaited the Federal Reserve's rate decision and a wav...Reuters
Wed, Jan 28
Badger Meter slides on Q4 profit miss
Shares of fluid meters manufacturer Badger Meter BMI.N fall 14.70% to $140.24Co reports Q4 sales of $220.71 million vs analysts' estimate of $232 million, according to data compiled by LSEGPosts Q4 EPS of $1.14 vs estimate of $1.16Despite deceleration in growth and falling short of long-term hig...Reuters
Wed, Jan 28
LIVE MARKETS-Temperatures are falling but January barometer suggests stocks won't fly south
Nasdaq, Dow edge green, S&P 500 flat; FOMC decision aheadEnergy, Tech lead S&P 500 sector gainers; Healthcare weakest groupDollar rallies; bitcoin, crude gain; gold up ~2.5%US 10-Year Treasury yield rises to ~4.26%Welcome to the home for real-time coverage of markets brought to you by Reuter...Reuters
Wed, Jan 28
Amazon axes 16,000 jobs as it pushes AI and efficiency
Amazon layoffs part of broader tech industry restructuring Layoffs affect nearly 10% of Amazon's corporate workforceAmazon mistakenly sent email early, unsettling AWS staffBy Greg Bensinger Jan 28 (Reuters) - Amazon AMZN.O confirmed 16,000 corporate job cuts on Wednesday, completing a plan fo...Reuters
Wed, Jan 28
PREVIEW: Caterpillar revenue seen climbing in Q4
Caterpillar CAT.N shares up 0.5% to $642.26 ahead of Q4 results due before the opening bell on ThursdayQ4 revenue seen rising 10% yr/yr to $17.86 billion and adj EPS of $4.68 expected, per LSEG data, vs yr-ago EPS of $5.14CAT has met or beaten EPS estimates in five of past eight qtrs, with most rece...Reuters
Wed, Jan 28
