News
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Shoe Carnival drops as quarterly revenue, profit decline
Shares of footwear retailer Shoe Carnival down almost 4% at $16.02Co reports Q3 revenue of $297.2 million vs $306.9 million in a year agoPosts quarterly EPS of 53 cents vs 70 cents a year earlier Co reaffirms fiscal 2025 net sales forecastHowever, lifts upper end of annual EPS forecas...Reuters
Thu, Nov 20
Florida insurer American Integrity slumps on secondary offering by top holder, CEO
American Integrity Insurance's AII.N shares down 5.8% at $19.56 early Thurs after $60 mln secondary offering priced AII shares falling for fourth straight session and tracking ~21% weekly loss Tampa, Florida-based residential property insurer late Weds said existing holders parted ways...Reuters
Thu, Nov 20
J.P.Morgan cuts Agios PT after sickle cell drug setback
J.P.Morgan cuts PT on drugmaker Agios Pharmaceuticals AGIO.O to $20 from $37 after its sickle cell drug setbackNew PT represents 10% downside to stock's last closeAGIO said on Wednesday its sickle cell disease drug, mitapivat, failed to show clear benefit in reducing painful crises, the debilita...Reuters
Thu, Nov 20
ANALYSIS-AI borrowing binge prompts investors to back away from corporate bonds
Investors cautious on investment grade credit as tech sells offCredit spreads near historic lows, but bearish signals emergePrivate credit and AI risks impact market sentimentBy Naomi Rovnick LONDON, Nov 20 (Reuters) - A big tech borrowing bonanza and signs of strain in private credit are spookin...Reuters
Thu, Nov 20
CANADA STOCKS-TSX rises as tech stocks gain after Nvidia's blockbuster earnings
By Avinash P and Pranav Kashyap Nov 20 (Reuters) - Canada's main stock index climbed for a second straight session on Thursday, boosted by Nvidia's blockbuster earnings that propelled tech stocks, while investors assessed the U.S. jobs report. Canada's composite index .GSPTSE advance...Reuters
Thu, Nov 20
REFILE-ANALYSIS-AI borrowing binge prompts investors to back away from corporate bonds
Investors cautious on investment grade credit as tech sells offCredit spreads near historic lows, but bearish signals emergePrivate credit and AI risks impact market sentimentBy Naomi Rovnick LONDON, Nov 20 (Reuters) - A big tech borrowing bonanza and signs of strain in private credit are spookin...Reuters
Thu, Nov 20
Central Bancompany set for Nasdaq debut after $373 million IPO
Missouri-based bank Central Bancompany CBC.O set to begin trading on the Nasdaq on ThursdayCBC sold 17.8 million shares at the low end of the marketed range of $21 and $24 apiece, raising $373.3 millionStock will be released for quotation at 10:10 a.m. ET, according to NasdaqCBC, previously listed o...Reuters
Thu, Nov 20
US STOCKS-Wall St climbs more than 1% after jobs data, Nvidia results
Indexes up: Dow 1.3%, S&P 1.6% and Nasdaq 2.2%Chip and AI stocks gain on Nvidia resultsSeptember NFP at +119,000 vs +50,000 estimate By Shashwat Chauhan and Twesha Dikshit Nov 20 (Reuters) - Wall Street's main indexes advanced on Thursday, with technology stocks getting a boost after ...Reuters
Thu, Nov 20
Ocado's robotic future under threat as Kroger looks to Instacart
Kroger to close three automated warehouses it built with OcadoKroger expands relationships with Instacart, DoorDash, Uber EatsOcado model questioned by some analysts By James Davey LONDON, Nov 20 (Reuters) - U.S. retailer Kroger's KR.N decision to close three of the eight automated warehouses...Reuters
Thu, Nov 20
Solventum to buy Acera Surgical for up to $850 million
Nov 20 (Reuters) - Medical device maker Solventum SOLV.N said on Thursday it would acquire privately held Acera Surgical for up to $850 million to expand its wound care portfolio.Under the terms of the agreement, Solventum would pay $725 million in cash and additional up to $125 million contingent o...Reuters
Thu, Nov 20
Siemens Energy to hand investors $11.5 billion as power market booms
Plans share buybacks of up to 6 billion euros by 2028To invest around 6 billion euros in 2026-2028 periodSiemens Energy shares hit record highBy Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Germany, Nov 20 (Reuters) - Siemens Energy ENR1n.DE said on Thursday it plans to return up to...Reuters
Thu, Nov 20
Canada's Aris Mining to acquire Colombia venture for $80 million; shares rise
Shares of Canadian miner Aris Mining ARIS.TO up 2.1% at C$17.03Co says it will acquire remaining 49% interest in Soto Norte joint venture in Colombia from MDC Industry Holding Company, valued at US$80 millionDeal includes termination at closing of associated precious metals stream previously granted...Reuters
Thu, Nov 20
Chip Stocks Rise. Credo up over 8%; SOXL, Navitas up over 7%; Broadcom up Nearly 5%; Nvidia up over 4%; SMCI, TSMC, AMD, ARM Holdings, Intel up over 3%
Semiconductor shares rose on Thursday as investors cheered Nvidia's market-topping earnings. Credo up over 8%; SOXL, Navitas up over 7%; Broadcom up nearly 5%; Nvidia up over 4%; SMCI, TSMC, AMD, ARM Holdings, Intel up over 3%.Tiger News
Thu, Nov 20
Walmart rises after raising annual forecasts; plans to move to Nasdaq
Shares of Walmart WMT.N up about 4% at $104.48Co raises fiscal 2026 adjusted EPS forecast to range of $2.58 to $2.63, compared with prior view of $2.52 to $2.62Sees annual net sales increase between 4.8% and 5.1% vs previous forecast of 3.75% to 4.75% growthBeats Q3 same-store sales and EPS estimate...Reuters
Thu, Nov 20
Bath & Body Works forecasts sales dip as holiday demand wanes; shares plunge
Shares drop nearly 24% after full-year forecast cutTransformation plan aims for $250 million savings over two yearsQ3 profit and sales miss analysts' estimatesBy Prerna BediNov 20 (Reuters) - Bath & Body Works BBWI.N forecast a surprise sales decline for the crucial holiday quarter on Thursd...Reuters
Thu, Nov 20
Tipping point or bubble? Nvidia CEO sees AI transformation while skeptics count the risks
Nvidia CEO brushes off market talk of an AI bubbleChip giant discloses majority of sales rely on four customersCircular deals, infrastructure challenges among market concernsBy Arsheeya Bajwa and Stephen Nellis SAN FRANCISCO, Nov 19 (Reuters) - Nvidia NVDA.O CEO Jensen Huang says he does not see ...Reuters
Thu, Nov 20
CANADA STOCKS-TSX rises as Nvidia pushes bubble fears aside
Nov 20 (Reuters) - Canada's main stock index climbed on Thursday, buoyed by Nvidia's blockbuster earnings, while investors digested the long-awaited U.S. jobs report.At 9:30 a.m. ET, Toronto's S&P/TSX composite index .GSPTSE was up 0.67% at 30,479.88 points.Reuters
Thu, Nov 20
US STOCKS SNAPSHOT-Wall Street opens sharply higher after Nvidia earnings, jobs data
Nov 20 (Reuters) - Wall Street's main indexes jumped at the open on Thursday as technology stocks received a boost after Nvidia's stellar results quelled some concerns around an AI bubble, while a firm September jobs report showed signs of a resilient economy. The Dow Jones Industrial Averag...Reuters
Thu, Nov 20
INSTANT VIEW-Job growth accelerated in September, unemployment rate ticks up
NEW YORK, Nov 20 (Reuters) - The pace of U.S. job growth accelerated more than expected in September, and the unemployment rate increased, indicating the labor market remained on the sluggish side, while expectations the Federal Reserve was unlikely to cut rates in December remained largely unchange...Reuters
Thu, Nov 20
