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Sternlicht's Starwood Property slips after unveiling stock offering for acquisition
** Shares of Starwood Property Trust Inc STWD.N, led by billionaire Barry Sternlicht, down 3.2% in extended trading to $20.18 after news of acquisition-related equity raise** Florida-based commercial mortgage REIT announces 25.5 mln share offering to help fund purchase of Fundamental Income Properti...Reuters
Wed, Jul 16
US STOCKS-Wall Street ends up, after brief downward detour on Powell firing confusion
Markets recover after brief selloff on Powell firing reportsIndexes close up: Dow 0.53%, S&P 500 0.32%, Nasdaq 0.26%Nasdaq posts fifth record high in last six sessionsBank stocks mixed after Q2 earningsUS June PPI unchanged on a monthly basisBy David French July 16 (Reuters) - Wall Street ben...Reuters
Wed, Jul 16
CANADA STOCKS-TSX ends higher as technology and financial shares climb
TSX ends up 0.4% at 27,152.97Tech sector rises 1.6%, financials add 0.9%Energy loses 1.1% as oil settles lowerCogeco Communications drops 8.5% after revenue missBy Fergal Smith July 16 (Reuters) - Canada's main stock index rose on Wednesday, with the financial and technology sectors posting g...Reuters
Wed, Jul 16
Morgan Stanley Q2 Revenue Hits $16.8 Billion
Morgan Stanley(NYSE:MS) reported fiscal 2025 second-quarter earnings on Wednesday, July 16, posting $16.8 billion in revenue (up 12% year over year), $2.13 in earnings per share, and an 18.2% return on return on tangible common equity (ROTCE). Wealth and Investment Management client assets reached $...The Motley Fool
Wed, Jul 16
United Airlines falls as Q3 profit forecast below estimates
** Shares of United Airlines UAL.O fall 2.5% to $86.39 after the bell** UAL forecasts Q3 adj. profit between $2.25 and $2.75 per share, with the midpoint coming in below analysts' estimate of $2.60, per data compiled by LSEG** Says earnings in Q3 are also expected to take a hit as a result of di...Reuters
Wed, Jul 16
Why XRP (Ripple) Is Surging Today
Key PointsThe House of Representatives voted to reconsider a package of crypto bills that hit a procedural roadblock Tuesday.Media outlets reported Wednesday that President Donald Trump plans to fire Federal Reserve Chair Jerome Powell, but Trump eventually denied the report.The executive chairman o...The Motley Fool
Wed, Jul 16
Black Rifle Coffee slides on stock offering launch
** Shares of BRC Inc BRCC.N, known as Black Rifle Coffee Company, down 8% post-market to $1.39 as it seeks equity raise** Veteran-founded coffee seller commences stock offering without disclosing targeted deal size** D.A. Davidson acting as sole bookrunner** BRCC shares on Weds finished up 2.7% at $...Reuters
Wed, Jul 16
Citi keeps PT, rating unchanged for Rio Tinto; warns of H2 iron ore market headwinds
** Analysts at Citi keep price target unchanged and maintains 'neutral' rating on Australia's Rio Tinto RIO.AX after the mining giant reported strong second-quarter iron ore production on Wednesday** Citi, however, sees headwinds in iron ore market in H2 2025** Simon Trott, who was named...Reuters
Wed, Jul 16
Sarepta Therapeutics jumps on plan to cut 500 jobs
** Shares of drug developer Sarepta Therapeutics SRPT.O surge 50% to $27.60 in extended trading** Co says it will cut 36% of its workforce, about 500 jobs, saving around $400 million annually** As of December 31, 2024, co had 1,372 employees - SEC filing** The FDA will add a black box warning to co&...Reuters
Wed, Jul 16
LIVE MARKETS-The Trump and Powell show: US stocks rise above rumors
Main US indexes end modestly green, Dow on topHealthcare leads S&P 500 sector gainers; Energy weakest groupDollar down; crude, gold gain; bitcoin up >2%US 10-Year Treasury yield falls to ~4.45%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can s...Reuters
Wed, Jul 16
US STOCKS-Wall Street ends higher after brief slump on Powell firing confusion
Markets recover after brief selloff on Powell firing reportsBank stocks mixed after Q2 earningsU.S June PPI unchanged on a monthly basisBy David French July 16 (Reuters) - Wall Street benchmarks ended modestly higher on Wednesday, with the Nasdaq Composite posting its latest record finish, despit...Reuters
Wed, Jul 16
GLOBAL MARKETS-Equities rise, dollar down with Treasury yields as volatility eases
Wall Street pulls itself out of the red, Europe closes lowerTrump says not likely to fire Powell US producer price data unexpectedly unchangedOil prices pare losses, gold up but off session highs By Sinéad Carew and Elizabeth Howcroft NEW YORK/PARIS, July 16 (Reuters) - Equity indexes advanced s...Reuters
Wed, Jul 16
PNC Financial Reports $1.6 Billion Profit
PNC Financial Services Group (NYSE:PNC) reported results for the second quarter of 2025 on Wednesday, July 16, posting net interest income of $3.56 billion (up 7.7% year over year), net income of $1.64 billion ($3.85 per diluted share), 4.6% revenue growth, and 2% loan growth driven by commercial pr...The Motley Fool
Wed, Jul 16
Why ASML Stock Is Plummeting Today
Key PointsASML published its second-quarter results before the market opened this morning and beat Wall Street's sales and earnings targets. ASML's performance outlook for this year looks strong, but management issued very cautious guidance for next year. The semiconductor equipment specialist is co...The Motley Fool
Wed, Jul 16
Goldman Sachs Q2 Profit Jumps
The Goldman Sachs Group, Inc. (NYSE:GS) reported Q2 2025 results on July 16, 2025, with net revenues of $14.6 billion, EPS of $10.91, and ROE of 12.8%. The board approved a 33% dividend increase to $4 per share, assets under supervision hit a record $3.3 trillion, and regulatory developments have bo...The Motley Fool
Wed, Jul 16
Crypto stocks rally after U.S. House clears hurdle on crypto bills
** Shares of cos related to crypto are rallying on Wed after the U.S. House of Representatives cleared a procedural hurdle, setting the stage for likely passage of several cryptocurrency bills** Stablecoin heavyweight Circle Internet CRCL.N surging ~21%, while Coinbase COIN.O, Robinhood Markets HOOD...Reuters
Wed, Jul 16
Why SoundHound AI Stock Plummeted 46% in the First Half of 2025 but Has Been Bouncing Back
Key PointsSoundHound AI stock saw a massive rally at the end of 2024, but its share price pulled back in the first half of 2025. There were multiple catalysts that contributed to the conversational AI specialist's valuation decline. SoundHound AI's share price has actually benefited from a big rally...The Motley Fool
Wed, Jul 16
Why Opendoor Technologies Stock Popped Today
Key PointsA meme-stock rally seemed to drive the stock higher.One popular Reddit post argues that the stock could be the next Carvana.A short squeeze may have also driven the stock higher. 10 stocks we like better than Opendoor Technologies › Shares of Opendoor Technologies (NASDAQ: OPEN) were soari...The Motley Fool
Wed, Jul 16
US STOCKS-Wall Street edges higher after Trump denies plans to fire Powell
Indexes up: Dow 0.3%, S&P 500 0.18%, Nasdaq 0.13%Markets recover after brief selloff on Powell firing reportsBank stocks mixed after Q2 earningsU.S June PPI unchanged on a monthly basisBy David French, Suzanne McGee and Pranav Kashyap July 16 (Reuters) - Wall Street benchmarks rebounded m...Reuters
Wed, Jul 16
