News
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Servier and Day One Biopharmaceuticals announce acquisition to expand Servier's rare oncology portfolio
Acquisition positions Servier as a leader in pediatric low-grade glioma and expands its pipeline with programs targeting adult and pediatric cancers with high unmet needs. Transaction represents total equity value of approximately $2.5 billion. SURESNES, France and BRISBANE, Calif., March...PR Newswire
Fri, Mar 6
Micron Technology Inc Stock (MU) Moved Down by 3.26% on Mar 6: Facts Behind the Movement
• Micron stock declined amid tech sector weakness and industry concerns. • Faltering semiconductor demand and potential oversupply impacted Micron. • Investors showed caution due to valuation and upcoming earnings report.
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Fri, Mar 6
KLA Corp Stock (KLAC) Moved Down by 3.11% on Mar 6: Facts Behind the Movement
• KLA stock declined due to industry dynamics and geopolitical concerns. • US export regulations and Chinese rare earth controls create headwinds. • Valuation concerns and expected margin contractions impact KLA.
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Fri, Mar 6
American International Group Inc Stock (AIG) Moved Down by 3.33% on Mar 6: What Signal Does It Send?
• AIG shares fell due to lawsuits and analyst concerns. • Analysts foresee slower premium growth and higher loss ratios. • Executive transition and D&O investigation add execution risk.
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Fri, Mar 6
US-based investor Causeway Capital raises stake in Wizz Air
March 6 (Reuters) - Causeway Capital Management has increased its stake in Wizz Air WIZZ.L to 5.04%, a regulatory filing showed on Friday, positioning the U.S.-based investor among the top shareholders of the European budget carrier.Causeway, which previously held a 2.04% stake in Wizz Air, had boos...Reuters
Fri, Mar 6
Emerging market equity funds slide as Iran conflict sparks selloff
March 6 (Reuters) - Emerging market equity funds have posted steep declines this month as investors cut exposure to risk assets amid the escalating Iran conflict, making them among the worst performers across asset classes.Based on LSEG Lipper calculations, equity funds focused on Pakistan, Chile, G...Reuters
Fri, Mar 6
Wall St Week Ahead-Middle East developments set to sway US stocks as inflation data adds wrinkle
Oil prices in focus as Brent crude tops $90 a barrelCPI on Wednesday to give February inflation viewWeak jobs report for February also weighs on stocksVIX volatility index hits highest level since OctoberBy Lewis Krauskopf NEW YORK, March 6 (Reuters) - Investors will seek signs in the coming ...Reuters
Fri, Mar 6
LIVE MARKETS-Trump's market boast fades as stocks tumble
All three major U.S. stock down >1%FInancials down most among S&P 500 sectors; energy sole gainerEuropean shares close down ~1%US oil surges >12%; gold up >1%; dollar ~flat; bitcoin down >4%US 10-yr Treasury yield edged down to 4.13%Welcome to the home for real-time coverage of marke...Reuters
Fri, Mar 6
FTSE indexes log the worst week in a year amid Middle East conflict
FTSE 100 down 1.2%, FTSE 250 down 0.8% British house prices rise 1.3% in FebruaryU.S. unexpectedly sheds jobs in February March 6 (Reuters) - The UK's main indexes on Friday logged their sharpest weekly decline in almost a year, as the escalating war in the Middle East fuelled concerns about ...Reuters
Fri, Mar 6
METALS-Aluminium rallies, heads for biggest weekly jump since 2023 as Mideast war intensifies
March 6 (Reuters) - Aluminium soared to its highest in nearly four years on Friday and was set for its biggest weekly rise since early-2023 as supply concerns due to the U.S.-Israel war on Iran intensified.Benchmark three-month aluminium CMAL3 on the London Metal Exchange was up 3.4% at $3,408.50 pe...Reuters
Fri, Mar 6
Europe stocks mark biggest weekly drop in almost a year as Middle-East conflict persists
Roche, Zealand drop after reporting obesity drug mid-stage studySTOXX 600, regional indexes see worst week in almost a yearSectra tops STOXX 600 after Q3 profit rises By Avinash P, Pranav Kashyap and Purvi Agarwal March 6 (Reuters) - Europe's STOXX 600 marked its biggest weekly drop in close...Reuters
Fri, Mar 6
US STOCKS-Wall Street falls as Middle East turmoil, weak jobs report weigh
Indexes off: Dow 1.20%, S&P 500 1.07%, Nasdaq 0.85%BlackRock limits withdrawals as redemptions rattle private credit fundMarvell Technology shares jump on strong 2028 forecastFed's Waller: current oil price shock to not fuel persistent inflationBy Johann M Cherian and Ragini Mathur March ...Reuters
Fri, Mar 6
LIVE MARKETS-Bulls, bears back down; neutral stock sentiment steps forward - AAII
All three major U.S. stock sharply lower; Dow off mostAll S&P 500 sectors red; Financials down mostEuropean shares down ~1%US oil surges nearly 11%; gold up >1%; dollar reverses, now lower; bitcoin down >3.5%US 10-yr Treasury yield edged down to 4.13%Welcome to the home for real-time cover...Reuters
Fri, Mar 6
Trane Technologies PLC Stock (TT) Moved Down by 3.15% on Mar 6: Facts Behind the Movement
• Trane Technologies shares dropped due to ex-dividend date and valuation concerns. • Stock trades at a premium valuation versus industry averages. • Analyst ratings are mixed, with some downgrades despite positive news.
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Fri, Mar 6
Western Alliance sues Jefferies over $126 million payment tied to First Brands loans
By Ateev Bhandari, Pritam Biswas and Arasu Kannagi Basil March 6 (Reuters) - Western Alliance WAL.N said on Friday it had sued investment bank Jefferies Financial JEF.N for not completing payment of $126.4 million it owed to the regional lender for loans tied to bankrupt auto parts supplier First...Reuters
Fri, Mar 6
Ziff Davis to sell Ookla and Downdetector to Accenture as part of $1.2 billion deal (March 3)
March 3 (Reuters) - Ziff Davis ZD.O has agreed to sell its Connectivity division, which houses Ookla's Speedtest app and Downdetector outage tracker, to Accenture ACN.N for $1.2 billion in cash.The sale, which also includes Ekahau and RootMetrics, will allow Ziff Davis to focus on enthusiast web...Reuters
Fri, Mar 6
GLOBAL MARKETS-Stocks slide as soaring oil prices and US job losses rattle markets
Equities fall in US and Europe as Iran war ragesUS jobs report shows loss vs expected gainsQatar energy minister warns oil could surge to $150Oil prices jump sharply, Treasury yields are mixedBy Sinéad Carew and Harry Robertson NEW YORK/LONDON, March 6 (Reuters) - Stocks sank on Friday as the U.S...Reuters
Fri, Mar 6
