News
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MP Materials up after deal with Saudi's Maaden on developing rare earth supply chain
** Shares of rare earths producer MP Materials MP.N rise 2.8% to $21.35** Co signs agreement with Saudi Arabian mining company Maaden to jointly establish a fully integrated, end-to-end rare earth supply chain in Saudi Arabia** Co says the memorandum of understanding was signed on the sidelines of t...Reuters
Wed, May 14
Needham raises Robinhood PT on product expansion prospects
** Trading platform Robinhood's shares HOOD.O up 0.6% at $62.96** Needham raises PT of HOOD to $71 from $58, a ~13.5% upside to stock's last close** Brokerage expects HOOD to launch new crypto-related products** "We believe HOOD will become more competitive within crypto specifically,...Reuters
Wed, May 14
Natgas companies fall on lower demand forecasts
** Shares of U.S. natural gas companies down, tracking fall in natgas futures NGA/** U.S. natgas futures NGc1 down 3.4% at $3.52 per million British thermal units, putting the contract on track for its lowest close since May 6** Natural gas prices fell over 3% to a one-week low on a smaller-than-exp...Reuters
Wed, May 14
LIVE MARKETS-BofA clients continue to snap up stocks
Nasdaq up ~0.6%, S&P 500, Dow gain modestlyComm Svcs leads S&P 500 sector gainers; Utilities weakest groupEuro STOXX 600 index off ~0.3%Dollar down, crude declines ~0.8%; bitcoin off >1%; gold slides ~1.9%US 10-Year Treasury yield ~flat at ~4.50%Welcome to the home for real-time coverage ...Reuters
Wed, May 14
Finanz Informatik and IBM extend and expand collaboration
IBM supports Finanz Informatik in its strategic initiatives with AI, automation, and hybrid cloud technology BÖBLINGEN, Germany, May 14, 2025 /PRNewswire/ -- Finanz Informatik (FI) – the central IT service provider and digitalization partner of the Sparkassen-Finanzgruppe – and IBM (NYSE: IB...PR Newswire
Wed, May 14
Trading platform eToro set to open higher in Nasdaq debut after $620 mln IPO
** Retail trading platform eToro Group ETOR.O set to open 17.3% above offer price in Nasdaq debut ** Stock recently indicated to open at $61 vs $52 IPO price ** Israel-based ETOR and some existing stockholders sold ~11.9 million shares at $52 apiece to raise $620 million in an upsized IPO** Th...Reuters
Wed, May 14
AI chipmaker AMD unveils $6 billion buyback plan
May 14 (Reuters) - Advanced Micro Devices AMD.O on Wednesday announced a new $6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the AI trade that has powered their shares shows some signs of slowing. Shares of the Santa Clara, California-based com...Reuters
Wed, May 14
Aerospace parts maker Loar falls as top holders to trim stakes
** Shares of Loar Holdings LOAR.N fall 7.5% to $86.18 early Weds after aerospace parts suppler launches secondary offering** White Plains, New York-based firm late Tues said certain stockholders to sell 9 mln shares** Hedge fund Abrams Capital Management, a 40% holder, Blackstone BX.N and GPV Loar, ...Reuters
Wed, May 14
Exelixis hits 25-year high after lifting 2025 revenue forecast
** Shares of cancer drugmaker Exelixis EXEL.O rise as much as 19.2% to near 25-year high of $45.29 ** Stock is set for its best day in over five years, if gains hold** Co late on Tuesday raised 2025 rev. forecast between $2.25 billion and $2.35 billion, compared with prior view of between $2.15 bill...Reuters
Wed, May 14
US STOCKS-S&P flat as investors focus on trade developments
Indexes up: Dow 0.07%, S&P 500 0.03%, Nasdaq 0.26%Three Fed speakers scheduled to speak on WednesdayAmerican Eagle Outfitters drops after withdrawing FY forecastBy Shashwat Chauhan and Pranav Kashyap May 14 (Reuters) - The S&P 500 was flat in choppy trading on Wednesday after the week...Reuters
Wed, May 14
Legend Biotech slips after brokerages cut PT
** Shares of biopharmaceutical company Legend Biotech LEGN.O slip 5.6% to $29.33 after at least two brokerages cut PT following Q1 results** Truist cuts PT to $71 from $88; says co's multiple myeloma cancer drug Carvykti's U.S. growth was slower with manufacturing facility in partnership wit...Reuters
Wed, May 14
LIVE MARKETS-Would-be homebuyers whistle past mortgage rate uptick
Nasdaq up ~0.4%, Dow edges green, S&P 500 just above flatTech leads S&P 500 sector gainers; Utilities weakest groupEuro STOXX 600 index off ~0.2%Dollar, crude decline; bitcoin off >1%; gold slides ~2%US 10-Year Treasury yield edges down to ~4.49%Welcome to the home for real-time coverage ...Reuters
Wed, May 14
American Eagle Outfitters sinks after pulling annual outlook
** Apparel company American Eagle Outfitters AEO.N down as much as 8.8% at $11.60 in early trading** Co withdrew its annual forecasts on Tuesday and took a $75 million inventory charge on its spring and summer collection due to economic uncertainty fueled by tariffs** Jefferies cuts PT on the stock ...Reuters
Wed, May 14
Will AI Search Engines Cripple Google's Dominance?
Artificial intelligence (AI) is rapidly changing the way many companies, across all industries, are doing their day-to-day work. Some of the biggest changes are undoubtedly in technology, where many top companies are investing heavily into AI chatbots and related functions. As that happens, one comp...The Motley Fool
Wed, May 14
Group 1 Automotive falls after Guggenheim downgrades to 'neutral'
** Automotive retailer co Group 1 Automotive GPI.N falls marginally 0.4% to $447 in early-trade** Guggenheim downgrades co to "neutral" from "buy"; price target unchanged at $426** Says rating change due to mix of premium valuation, potential tariff risk on the business and expected ...Reuters
Wed, May 14
European Wax Center rises on upbeat quarterly results, eyes best day
** Shares of out-of-home waxing services provider European Wax Center EWCZ.O rise as much as 26% to $4.99 in early trading** Stock set for its best day on record, if gains hold** Co beat estimates for Q1 revenue and adjusted core profit, according to data compiled by LSEG** System-wide sales rose 2....Reuters
Wed, May 14
Mesa Air falls after posting quarterly loss
** Mesa Air MESA.O shares fall 1% to $1 after posting Q4 loss** Co posts Q4 net loss of 60 cents, narrower than the loss of 69 cents in same quarter last year** MESA Q4 total operating revenue up nearly 1% to $115.3 mln** Including session moves shares are down 13.8% YTD compared with a 10% YTD decl...Reuters
Wed, May 14
Microbot Medical Inc expected to post a loss of 13 cents a share - Earnings Preview
Microbot Medical Inc MBOT.OQ MBOT.O is expected to show no change in quarterly revenue when it reports results on May 16 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Microbot Medical Inc is for a loss of 13 cents per share. The one available analyst rating on...Reuters
Wed, May 14
