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Western Digital rises after unveiling $2 billion buyback plan
** Shares of data storage products maker Western Digital WDC.O rise 3% to $48.00 premarket** WDC says will repurchase shares worth $2 billion ** Repurchase authorization is effective immediately** "Program underscores our strong confidence in Western Digital's future, the depth of our produc...Reuters
Tue, May 13
Quince Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Quince Therapeutics Inc QNCX.OQ reported a quarterly adjusted loss of 34 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -26 cents. The mean expectation of four analysts for the quarter was for a loss of 23 cents per share. W...Reuters
Tue, May 13
Cytokinetics' heart disease drug shows improvement over standard of care in study
May 13 (Reuters) - Cytokinetics CYTK.O said on Tuesday its experimental heart disease drug significantly improved patients' ability to exercise compared to standard-of-care treatment in a late-stage study, sending shares of the company up more than 5% in premarket trading. The keenly watched dru...Reuters
Tue, May 13
Baltic index hits three-week low on weaker capesize, panamax rates
May 13 (Reuters) - The Baltic Exchange's dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell to a three-week low on Tuesday on lower rates for capesize and panamax vessels. * The main index .BADI, which monitors rates for capesiz...Reuters
Tue, May 13
These 4 Warren Buffett Stocks Make Up Over 57% of Berkshire Hathaway's $277 Billion Portfolio
Warren Buffett capped a legendary career recently when he announced that he would be stepping down as CEO of Berkshire Hathaway at the end of the year. The multibillionaire and all-time investing great spent six decades leading the holding company to success, which grew into one of the world's large...The Motley Fool
Tue, May 13
ONON: Keeping Pace Despite Headwinds
Here's our initial take on On Holding's (NYSE: ONON) fiscal 2025 first-quarter financial report.Key MetricsMetricQ1 2024Q1 2025Changevs. ExpectationsRevenue (Swiss francs)508.2 million726.6 million43%BeatAdjusted EPS (Swiss francs)0.330.21-36%MetGross profit margin59.7%59.9%20bpn/aDirect-to-consumer...The Motley Fool
Tue, May 13
Waystar falls after secondary offering announced
** Healthcare payments software provider Waystar's WAY.O shares fall 5.3% to $38.16 before the bell** WAY announces proposed public offering of 12.5 million shares being offered by top shareholders EQT AB, Bain Capital, and Canada Pension Plan Investment Board** Stock closed up 0.7% at $40.30 on...Reuters
Tue, May 13
Lufax Receives NYSE Notice Regarding Late Filing of Annual Report on Form 20-F
SHANGHAI, May 13, 2025 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced that it received a notice from the New York Stock Exchange (the "NYSE"...PR Newswire
Tue, May 13
HSBC downgrades Chevron on reduced valuation upside, shareholder distributions cut
Investing.com -- HSBC (LON:HSBA) has downgraded Chevron (NYSE:CVX) from Buy to Hold, citing reduced valuation upside and a cut to shareholder distributions.The downgrade comes amid a broader resetInvesting.com
Tue, May 13
First Solar rises after Wolfe Research upgrades rating
** Shares of solar panel maker First Solar FSLR.O rise 9.5% premarket to $171 after Wolfe Research upgrades rating to "outperform" ** Brokerage attributes the upgrade to better clarity on 45X credit rules, adding co stands to earn $10 bln or ~$92/share of credits through 2031** 45X tax credi...Reuters
Tue, May 13
U.S. STOCKS ON THE MOVE-Oddity Tech, Under Armour, Cytokinetics
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock index futures were lower on Tuesday after a spirited rally sparked by Washington's temporary trade truce with China subsided and investors shifted focus to a crucial U.S. infl...Reuters
Tue, May 13
AST SpaceMobile falls after Q1 rev miss, $500 mln stock offering plans
** Shares of satellite communications firm AST SpaceMobile ASTS.O down 4.6% premarket at $25.90 after co reported qtrly rev below Wall Street's expectations and announced planned equity raise** Midland, Texas-based firm late Mon said Q1 rev was $718,000, well below analysts' estimate of $4.2...Reuters
Tue, May 13
US STOCKS-Wall St set for mixed open after April inflation data
Futures: Dow down 0.38%, S&P 500 up 0.07%, Nasdaq up 0.28%April CPI at 2.3% YoY vs 2.4% estimate Coinbase up after firm to join S&P 500UnitedHealth suspends annual forecast, CEO steps downBy Shashwat Chauhan and Pranav Kashyap May 13 (Reuters) - Wall Street's main indexes were on ...Reuters
Tue, May 13
Cellectar Biosciences Inc reports results for the quarter ended March 31 - Earnings Summary
Cellectar Biosciences Inc CLRB.OQ reported a quarterly adjusted loss of 14 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -74 cents. The mean expectation of four analysts for the quarter was for a loss of 16 cents per share...Reuters
Tue, May 13
GLOBAL MARKETS-Dollar falls, futures up, US inflation whets risk appetite
Dollar falls, stock futures firm after US inflation dataUS-China tariff pause lifts sentiment but worries linger Traders reel in bets on Fed rate cutsBy Amanda Cooper LONDON, May 13 (Reuters) - The dollar fell and U.S. stock futures rose on Tuesday after data showed U.S. consumer inflation picked...Reuters
Tue, May 13
Stanley Black & Decker rises after Barclays upgrades rating
** Power tools maker Stanley Black & Decker's shares SWK.N rise 1.1% to $73.30 premarket** Barclays upgrades rating to "overweight" from "equalweight"** Lifts PT to $90 from $69, representing a 24% upside to the stock's last close** Brokerage lifts SWK's 2025 earnings...Reuters
Tue, May 13
Should You Buy Bitcoin While It's Under $110,000?
The price of Bitcoin (CRYPTO: BTC) has surged 24% over the past month, pushing its value back over $100,000 for the first time since February. Investors are once again regaining their optimism in the world's leading cryptocurrency, but is it a good time to buy?Here's why Bitcoin's price is jumping h...The Motley Fool
Tue, May 13
JD.com Posts Strong Start to 2025
Here's our initial take on JD.com's (NASDAQ: JD) fiscal 2025 first-quarter financial report.Key MetricsMetricQ1 2024Q1 2025Changevs. ExpectationsRevenue (RMB)260.0 billion301.1 billion16%BeatAdjusted EPS (RMB)5.658.4149%BeatRetail operating margin4.1%4.9%80 bpsn/aNew business revenue (RMB)4.87 billi...The Motley Fool
Tue, May 13
LIVE MARKETS-S&P 500 index makes a leap, now down less then 5% from record close
US equity index futures mixed, changes modestApr CPI MM 0.2% vs 0.3% est; YY 2.3% vs 2.4% est Apr CPI core MM 0.2% vs 0.3% est; core YY 2.8% vs 2.8% estEuro STOXX 600 index up ~0.3%Dollar down; gold up; bitcoin, crude both up >1%US 10-Year Treasury yield flat at ~4.46%Welcome to the home for real...Reuters
Tue, May 13
