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TRADING DAY-Bond alarms ring louder
By Jamie McGeever ORLANDO, Florida, May 21 (Reuters) - TRADING DAYMaking sense of the forces driving global marketsBy Jamie McGeever, Markets Columnist U.S. debt despair Investors' unease about holding long-dated sovereign debt was magnified by a soft 20-year U.S. Treasury note a...Reuters
Wed, May 21
Why UnitedHealth Stock Sank Again Today
Shares of UnitedHealth Group (NYSE: UNH) plummeted again on Wednesday. The company's stock is down 5.8% as of market close, while the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.6% and 1.4%, respectively.The troubled health insurance giant is facing a new damaging ...The Motley Fool
Wed, May 21
Anthropologie parent Urban Outfitters up after quarterly sales beat
** Shares of apparel retailer Urban Outfitters URBN.O up 9% at $65 in extended trading** Anthropologie parent beats Q1 net sales estimates on robust demand for its brands despite a broader slowdown in consumer spending** Q1 net sales rise to $1.33 billion, beating estimates of $1.29 billion, accordi...Reuters
Wed, May 21
Borr Drilling Ltd reports results for the quarter ended March 31 - Earnings Summary
Borr Drilling Ltd BORR.N reported a quarterly adjusted loss of 7 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of four analysts for the quarter was for a loss of 6 cents per share. Wall Street ...Reuters
Wed, May 21
Lumen rises, AT&T to buy its consumer fiber business unit for $5.75 bln
** Shares of telecommunications company Lumen Technologies LUMN.N rise 17.6% to $4.48 in extended trading** Lumen says AT&T T.N would acquire its consumer fiber operations for $5.75 billion in cash** The cash proceeds from the sale will help Lumen trim its debt pile by $4.8 billion and enhance c...Reuters
Wed, May 21
Why WeRide Stock Soared Today
Shares of WeRide (NASDAQ: WRD) were flying higher on Wednesday. The company's stock spiked 21.5% as of market close, while the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.6% and 1.4%, respectively.The autonomous driving company reported its Q1 numbers before the marke...The Motley Fool
Wed, May 21
CANADA STOCKS-Toronto stock market's winning streak ends as bond yields climb
TSX ends down 0.8% at 25,839.1710-year yield rises to near four-month highReal estate falls 2.1%, tech ends 2.3% lowerCanada Goose jumps 19.1% on quarterly salesBy Fergal Smith May 21 (Reuters) - Canada's main stock index pulled back from a record high on Wednesday as long-term borrowing cost...Reuters
Wed, May 21
Snowflake raises annual product revenue forecast
May 21 (Reuters) - Snowflake SNOW.N raised its fiscal 2026 forecast for product revenue on Wednesday, betting on strong demand for its data analytics services as enterprises prioritize artificial intelligence spending.The company's shares rose 6% to $190.09 in extended trading after it topped fi...Reuters
Wed, May 21
Why New Fortress Energy Stock Sank Today
Shares of New Fortress Energy (NASDAQ: NFE) fell on Wednesday. The company's stock plummeted 14.5% as of market close. The leg down comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.6% and 1.4%, respectively.New Fortress is excluded from Puerto RicoThe lique...The Motley Fool
Wed, May 21
EMERGING MARKETS-Latin American FX stable, stocks slide amid mounting US debt worries
LATAM FX up 0.1%, stocks down over 1%Mexico retail sales rise in MarchChile's markets closed for public holidayBy Nikhil Sharma and Purvi Agarwal May 21 (Reuters) - Latin American currencies were little changed, while stocks slumped on Wednesday, as concerns over the growing U.S. fiscal debt ...Reuters
Wed, May 21
Mayne Pharma slumps 30% as Cosette threatens to scrap $432 million deal
May 21 (Reuters) - Mayne Pharma shares MYX.AX posted their worst day in 16 years on Wednesday after U.S.-based Cosette Pharmaceuticals initiated a review of its A$672 million ($432.1 million) acquisition, citing a "material adverse change" in the Australian firm's business and finances.S...Reuters
Wed, May 21
US STOCKS-Wall Street stocks tumble as worries mount about US debt
Indexes: Dow down 1.91%, S&P 500 down 1.61%, Nasdaq down 1.41%Wolfspeed plunges after reports of potential bankruptcyTarget falls after cutting annual sales forecastUnitedHealth drops after report on secret payments, HSBC downgradeBy Chibuike Oguh NEW YORK, May 21 (Reuters) - U.S. stocks clos...Reuters
Wed, May 21
Citi, Jefferies cut forecasts on James Hardie after downbeat FY results
** Analysts at Citi lower price target on James Hardie Industries JHX.AX to A$41.5; maintain "Neutral" rating** On Wednesday, the Dublin-based fibre cement maker posted a 9% decline in FY adjusted net income vs last year, due to which the brokerage further downgrades its FY26/27 expectations...Reuters
Wed, May 21
LIVE MARKETS-Debt dread sinks US stocks
Main US indexes end sharply lowerReal estate weakest S&P sector; Comm Svcs sole gainerDollar down; crude off >1%; gold rises; bitcoin up >1.5%U.S. 10-Year Treasury yield jumps to ~4.59%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share ...Reuters
Wed, May 21
Zoom Communications raises annual revenue forecast
May 21 (Reuters) - Zoom Communications ZM.O raised its annual revenue forecast on Wednesday, benefiting from hybrid work trends and the integration of artificial intelligence into its products.The company now sees fiscal 2026 revenue between $4.80 billion and $4.81 billion, above its prior projectio...Reuters
Wed, May 21
GLOBAL MARKETS-Stocks drop, yields gain; soft demand seen in 20-year Treasury auction
US stocks drop after Treasury auctionTax-cut bill fuels further federal deficit concernsOil prices end lower By Caroline Valetkevitch NEW YORK, May 21 (Reuters) - Major stock indexes fell on Wednesday as investors worried about a deteriorating U.S. fiscal outlook and as Treasury yields climbed fo...Reuters
Wed, May 21
Greenwich Lifesciences Inc expected to post a loss of 24 cents a share - Earnings Preview
Greenwich Lifesciences Inc GLSI.OQ GLSI.O is expected to show no change in quarterly revenue when it reports results on August 12 (estimated) for the period ending June 30 2025LSEG's mean analyst estimate for Greenwich Lifesciences Inc is for a loss of 24 cents per share. The one available ana...Reuters
Wed, May 21
US STOCKS-Wall Street stocks tumble as worries mount about US debt
Wolfspeed plunges after reports of potential bankruptcyTarget falls after cutting annual sales forecastUnitedHealth drops after report on secret payments, HSBC downgradeBy Chibuike Oguh NEW YORK, May 21 (Reuters) - U.S. stocks closed sharply lower on Wednesday as Treasury yields spiked on worries...Reuters
Wed, May 21
Natgas companies down on smaller-than-expected decline in output
** Shares of U.S. natural gas companies fall, tracking natgas futures NGA/** U.S. natgas futures NGc1 down 2.3% at $3.35 per million British thermal units** Natural gas prices slid over 2% on a smaller-than-expected decline in daily output so far this month, after a 10% price jump on Tuesday forced ...Reuters
Wed, May 21
Energy stocks fall after bearish US government report on crude supplies
** S&P 500 energy index .SPNY down 1.1%, tracking a fall in oil prices O/R** Brent crude futures LCOc1 down 0.8% at $64.87/barrel; U.S. West Texas Intermediate crude futures CLc1 down 0.9% at $61.49/barrel** Oil prices dipped after the U.S. government released bearish data on crude and fuel supp...Reuters
Wed, May 21
