News
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Acrisure secures $2.1 billion capital raise led by Bain Capital at $32 billion valuation
By David BullMay 20 - (The Insurer) - Acrisure has agreed to issue new convertible preferred stock to a group of investors led by Bain Capital that also includes Gallatin Point Capital and Apollo Funds in a $2.1 billion capital raise that the broker and fintech firm said gives it a valuation of $32 ...Reuters
Tue, May 20
TPG slides after secondary offering launch
** TPG Inc's TPG.O shares down 4.7% in extended trading to $47.55 on secondary offering news ** Private equity firm says DB Holdings, vehicle for benefit of the estate of David Bonderman, to offload 21 mln shares ** JP Morgan sole underwriter for offering ** Co has ~363 total sha...Reuters
Tue, May 20
US STOCKS-Wall Street stocks slip, rising US Treasury yields in focus
Indexes down: Dow 0.27%, S&P 500 0.39%, Nasdaq 0.38%Tesla rise after Musk says committed to being CEOHome Depot reverses gains following Q1 sales beat By Chibuike Oguh NEW YORK, May 20 (Reuters) - U.S. stocks fell on Tuesday, with the benchmark S&P 500 ending six straight sessions of gain...Reuters
Tue, May 20
CANADA STOCKS-TSX posts longest winning streak since October 2021 as mining shares rise
By Sanchayaita Roy and Fergal Smith May 20 (Reuters) - Canada's main stock index rose to a record high on Tuesday, led by gains for metal mining shares, as investors shrugged off hotter-than-expected Canadian core inflation data and looked for further progress in the easing of global trade t...Reuters
Tue, May 20
Take-Two drops on planned $1 bln stock offering
** Shares of video game publisher Take-Two Interactive Software TTWO.O down 3.4% to $229.55 post-market as co looks to raise equity ** Co announces $1 bln stock offering for general purposes, including potential debt repayment and future acquisitions ** JP Morgan and Goldman leading the o...Reuters
Tue, May 20
LIVE MARKETS-A case of the Tuesdays: Wall Street falters, S&P 500 ends green streak
Main US indexes close modestly lowerEnergy weakest S&P sector; Utilities lead gainersDollar down; crude slips; bitcoin up >1%; gold up ~2%US 10-Year Treasury yield flat at ~4.48%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoug...Reuters
Tue, May 20
Brokerage Citi positive on Nick Scali's UK business
** Analysts at Citi see positive medium-term tailwinds for Australia-based Nick Scali's NCK.AX UK business** Brokerage continues to see market recovery in the UK due to interest rate cuts and housing transaction growth, supporting its forecast for per-store sales uplift of 41% in comany's UK...Reuters
Tue, May 20
EMERGING MARKETS-Latin American assets pause after rally as US growth worries cloud outlook
Latam FX down 0.1%, stocks down 0.2%Colombia public debt puts sovereign rating at risk, Moody's analyst saysUkraine dollar bonds slip after Trump-Putin callBy Nikhil Sharma and Purvi Agarwal May 20 (Reuters) - Most Latin American stocks and currencies took a breather on Tuesday after strong g...Reuters
Tue, May 20
Zoom falls as Alphabet unveils video communications platform Google Beam
** Shares of video conferencing platform Zoom Communications ZM.O fall as much as 1.9% to $81.3; last down 0.4% at $82.94 ** Alphabet GOOGL.O announces AI-first video communications platform, Google Beam, at its annual developer conference ** ZM in a post on X says will collaborate w...Reuters
Tue, May 20
FDA tightens requirements for COVID vaccine, adding trials for healthy adults
FDA leaders say studies need to show evidence of benefit of annual shots for healthy adultsFDA leaders say 100 million-200 million Americans would still be eligible for annual shotsFDA leaders say U.S. COVID policy has been more aggressive than EuropeBy Michael Erman NEW YORK, May 20 (Reuters) - ...Reuters
Tue, May 20
Why Amer Sports Rocketed Higher Today
Shares of sports apparel and equipment conglomerate Amer Sports (NYSE: AS) rocketed 18.1% higher on Tuesday, as of 2:18 p.m. ET.The owner of outdoor gear and apparel brand Arc'teryx, shoe and ski/snowboard brand Salomon, tennis brand Wilson, and baseball bat brand Louisville Slugger, among others, r...The Motley Fool
Tue, May 20
US STOCKS-Wall Street stocks slip, rising US Treasury yields in focus
Indexes down: Dow 0.58%, S&P 500 0.70%, Nasdaq 0.75%Tesla up after Musk says committed to being CEOHome Depot pares earlier gains following Q1 sales beat By Chibuike Oguh NEW YORK, May 20 (Reuters) - U.S. stocks fell on Tuesday, with the benchmark S&P 500 on track to break six straigh...Reuters
Tue, May 20
Natgas companies gain on lower output, higher demand
** Shares of U.S. natural gas companies up, tracking rise in natgas futures NGA/** U.S. natgas futures NGc1 up 9.2% at $3.39 per million British thermal units, after Monday's lowest close since April 25** Natural gas prices rose on a decline in daily output and forecasts for more demand next wee...Reuters
Tue, May 20
Musk, Republican Party's biggest donor, says he will cut political spending
Musk was biggest Republican donor in 2024Musk's Department of Government Efficiency sought to eliminate thousands of federal jobsTesla sales have slumped amid protests in US, EuropeBy Nandita Bose, Andrew Mills and Akash Sriram DOHA/WASHINGTON, May 20 (Reuters) - Elon Musk, who spent nearly $...Reuters
Tue, May 20
