News
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PRECIOUS-Silver tops $100 an ounce for the first time
Jan 23 (Reuters) - Spot silver prices XAG= jumped to the key psychological level of $100 an ounce level for the first time on Friday as robust demand and buying momentum fueled prices.Silver's run toward the $100 an ounce mark comes as investors pile into safe-haven assets in the backdrop of geo...Reuters
Fri, Jan 23
Novagold falls after equity financing boosted to $300 mln
U.S.-listed shares of Novagold Resources NG.A down 3% at $10.18 early Fri after equity financing boosted to $300 mlnCanadian precious metals firm says bookrunners BMO, RBC and Scotiabank agreed to increase previously announced bought deal private placement to 30 mln shares at $10.00 After the bell T...Reuters
Fri, Jan 23
Stifel raises Parker-Hannifin's PT amid stable industrial outlook
Stifel raises motion control products maker Parker-Hannifin's PH.N price target to $941 from $869, maintains "hold" ratingNew PT represents a 0.2% upside to stock's last close Brokerage expects a stable industrial environment with improved domestic volume over the next yearThe pendin...Reuters
Fri, Jan 23
Starbucks up after William Blair upgrades stock on margin recovery expectations
Shares of Starbucks SBUX.O up 1.7% at $97.44Brokerage William Blair upgrades stock to "outperform" from "market perform"Sees investor enthusiasm ramping up as pick up in sales is expected to lead to a recovery in margins, likely within a few quartersExpects co to post its first domes...Reuters
Fri, Jan 23
ImmunityBio rises on promising early brain cancer therapy data
Shares of drug developer ImmunityBio IBRX.O rise 3% to $7.60 Co says 19 of 23 patients in its ongoing study for recurrent glioblastoma, an aggressive brain cancer, remain alive after treatment, with median survival not yet reached Co says its experimental chemo-free combo of Anktiva and CAR‑NK cells...Reuters
Fri, Jan 23
L3Harris raises quarterly dividend payout; shares rise
Shares of defense supplier L3Harris Technologies LHX.N rise nearly 1% to $358.5 in morning tradingCo's board announces increase in quarterly cash dividend rate to $1.25 from $1.20 Says first-quarter dividend is payable on March 20 to shareholders of record on March 6, 2026.Median PT of 21 broker...Reuters
Fri, Jan 23
Miner Grupo Mexico erodes after JPM downgrade
Shares in miner Grupo Mexico GMEXICOB.MX slide by nearly 3% after opening on a downgrade by J.P. Morgan the day beforeJPM downgrades Grupo Mexico to neutral from overweight; subsidiary Southern Copper SCCO.N to underweight from neutral"After a strong rally, we believe it is time to unplug and re...Reuters
Fri, Jan 23
US equity funds see outflows on geopolitical worries
Jan 23 (Reuters) - U.S. equity funds faced outflows in the week through January 21 as investors reduced risk exposure on concerns about President Donald Trump's tariff threats against European nations over Greenland.Investors pulled a net $5.26 billion from U.S. equity funds, partly reversing th...Reuters
Fri, Jan 23
Booz Allen Hamilton climbs after FY forecast tops estimates
Shares of IT services and consulting firm Booz Allen Hamilton BAH.N up 7.6% at $103.37Co forecasts FY adjusted EPS of $5.95-$6.15, above analysts' estimates of $5.62; and expects FY revenue of $11.3 bln-$11.4 bln, in line with estimates of $11.4 blnCo posts Q3 adjusted EPS of $1.77, above estima...Reuters
Fri, Jan 23
Big Techs Mostly Jump. AMD up over 4%; Micron up over 3%; Microsoft, TSMC, Netflix up Around 2%; Palantir, Meta, Amazon, Nvidia up over 1%
Big tech stocks mostly jumped on Friday. AMD up over 4%; Micron up over 3%; Microsoft, TSMC, Netflix up around 2%; Palantir, Meta, Amazon, Nvidia up over 1%.Tiger News
Fri, Jan 23
Copper miners rise as weak dollar boosts red metal prices
Shares of copper miners rise, tracking gains in prices of the red metal MET/LBenchmark copper CMCU3 on London Metal Exchange up 2.6% at $13,081 per metric ton, after hitting a one-week high of $13,173.5 per metric tonThe metal tuoched a record $13,407 per metric ton on January 14Price rise supported...Reuters
Fri, Jan 23
LIVE MARKETS-US stocks mixed early Friday, but on pace for weekly dips
Nasdaq slightly green, S&P 500 ~flat, Dow dipsJan S&P Global Mfg PMI 51.9 vs 52 est;; Services PMI 52.5 vs 52.8 estJan Final UMich sentiment 56.4 vs 54.0 estEuro STOXX 600 index off ~0.3%Dollar, bitcoin slip; gold up slightly; crude up ~3%US 10-Year Treasury yield edges down to ~4.24%Welco...Reuters
Fri, Jan 23
EquipmentShare poised to open higher in Nasdaq debut after $747 million IPO
Shares of construction tech firm EquipmentShare EQPT.O poised to open 6% above IPO price in Nasdaq debutStock indicated to open at $26 apiece vs $24.50 offer price, giving EQPT a potential valuation of $6.16 billionEQPT sold 30.5 million shares at the midpoint of its marketed range of $23.50 and $25...Reuters
Fri, Jan 23
Life360 climbs on preliminary annual results
U.S.-listed shares of family-tracking app provider Life360 LIF.O jump 28.2% to $70.19Co announces preliminary annual results above Street view Stock on track for biggest one-day jump since its U.S. debut in July 2024Co says it expects FY25 revenue between $486 and $489 mln, about 31%-32% above last ...Reuters
Fri, Jan 23
Global equity fund inflows slow on geopolitical uncertainties
Fourth-quarter earnings season expected to show earnings growth for big companiesCase grows for diversified portfoliosGold and precious metal funds again in favour Jan 23 (Reuters) - Investments in global equity funds shrank in the week to January 21 as U.S. President Donald Trump's threats o...Reuters
Fri, Jan 23
Silver miners surge as white metal prices jump
Shares of silver miners rise, tracking gains in prices of the white metal GOL/Spot silver XAG= rises 3.1% to $99.19 per ounce, after hitting a record high of $99.65 earlierPrices buoyed by momentum buying and strong fundamentalsHecla Mining HL.N up 1.3%; Coeur Mining CDE.N rises ~1%Canadian miners: ...Reuters
Fri, Jan 23
Bausch Health's brain dysfunction treatment fails late-stage trials
Jan 23 (Reuters) - Bausch Health BHC.TO said on Friday its experimental treatment failed to prevent the first clinically visible symptoms of a neurological condition in patients with a type of liver disease, missing the main goal of two late-stage studies.The studies were testing a new version of th...Reuters
Fri, Jan 23
US STOCKS-US stocks dip as Intel plunges, geopolitical concerns linger
Indexes down: Dow 0.65%, S&P 500 0.21%, Nasdaq 0.16% Intel slides as forecast misses estimatesJanuary S&P global manufacturing PMI at 51.9By Sruthi Shankar and Pranav Kashyap Jan 23 (Reuters) - U.S. stocks fell on Friday, putting Wall street's main's indexes on track for a second ...Reuters
Fri, Jan 23
Materion Corp drops after SEC filing shows quality issue-related charges
Shares of alloys and chemicals maker Materion Corp MTRN.N fall 7.83% to $137.34In Q4, a large precision clad strip customer identified a quality issue with Materion-produced material used in its manufacturing processMTRN expects to record a charge of about $20 million to $25 million due to the quali...Reuters
Fri, Jan 23
