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Somnigroup rises after former Mattress Firm parent's stock sale at a premium
** Shares of bedding firm Somnigroup SGI.N up 4.5% at $63.22 amid broader market rally after secondary offering** Lexington, Kentucky-based co early Mon said ~15.4 mln shares offloaded by subsidiary of IBEX Topco B.V., former majority shareholder of Mattress Firm** Offering priced at $62, thefly.co...Reuters
Mon, May 12
Hudbay Minerals rises on Q1 profit, revenue beat
** Shares of Canadian miner Hudbay Minerals HBM.TO jump 9.7% to C$11.74** Company beats Q1 profit and revenue estimates, as increased gold and copper prices helped offset lower production** HBM posts Q1 adjusted profit of 24 cents/shr vs estimate of 11 cents/shr - data compiled by LSEG** Company rep...Reuters
Mon, May 12
Fidelity website outage blocks users from trading rally
By Suzanne McGee May 12 (Reuters) - Fidelity trading platforms experienced outages just as U.S. stock markets opened for trading on Monday morning, leaving many users of its online, mobile and Active Trader apps unable to execute buy or sell orders.The outage occurred even as major share prices i...Reuters
Mon, May 12
Tariff-proof stocks fall after U.S.-China trade deal
** Tariff-proof stocks, including Netflix, Spotify and gold miners, fall after U.S. and China agree to temporarily slash tariffs** U.S. to cut levies to 30% from 145%, while China to reduce to 10% from 125% during 90-day negotiation period** The benchmark S&P 500 .SPX jumps to 2-month high as tr...Reuters
Mon, May 12
Cannabis firm Organigram rises on Q2 profit, revenue jump
** Shares of pot firm Organigram OGI.TO rise 6.1% to C$1.7 ** Company posts Q2 profit and a jump in revenue on higher international sales and contributions from its Motif acquisition** Company posts Q2 net income of $42.5 million compared with a loss of $27.1 million a year ago** Q2 gross revenue ri...Reuters
Mon, May 12
US drugmakers rise as Trump plans broad drug price cuts in executive order
** Shares of U.S. drugmakers reverse course, rise between 1.5% and 5%** President Donald Trump plans to sign wide-reaching executive order directing drugmakers to lower prices of medicines to align with what other countries pay** White House officials say government will give drugmakers price target...Reuters
Mon, May 12
CANADA STOCKS-TSX gains on US-China tariff agreement
By Sukriti Gupta and Sanchayaita Roy May 12 (Reuters) - Canada's main stock index rose on Monday as the United States and China reached a deal to reduce tariffs, boosting investor optimism and easing fears of an all-out trade war disrupting global markets.The Toronto Stock Exchange's S&a...Reuters
Mon, May 12
US STOCKS-S&P 500 jumps to over two-month high after US-China tariff truce
Indexes rise: Dow 2.51%, S&P 500 2.53%, Nasdaq 3.34%US, China reach deal to cut tariffsApple rises on report of considering raising iPhone pricesBy Shashwat Chauhan and Pranav Kashyap May 12 (Reuters) - The S&P 500 hit its highest since early March on Monday as a crucial U.S.-China agreem...Reuters
Mon, May 12
U.S.-China Tariff Pause: Why Tesla's Stock Is Soaring Today
Shares of the electric car maker Tesla (NASDAQ: TSLA) traded nearly 6.5% higher, as of 10:14 a.m. ET today. Over the weekend, the U.S. and China announced an agreement to pause most reciprocal tariffs against one another, sending stocks surging. The Dow Jones Industrial Average rocketed over 1,000 p...The Motley Fool
Mon, May 12
NRG Energy hits all-time high on $12 billion deal with LS Power
** Shares of U.S. utility NRG Energy NRG.N jump over 22% to all-time high of $145.70** Company says it will acquire natural gas generation facilities and a virtual power plant from LS Power in a cash-and-stock deal valued at $12 billion** The deal includes $6.4 bln in cash, $2.8 bln in stock to LS P...Reuters
Mon, May 12
Alliant Energy falls on planned $500 million convertible bond offering
** Utility firm Alliant Energy's LNT.O shares fall 3.5% to $59.58** LNT announces proposed offering of $500 million of three-year convertible bonds in private placement** Proceeds will be used to repay or refinance debt and other purposes** Stock closed 1.1% higher at $61.76 on Friday** LNT has ...Reuters
Mon, May 12
ImmunityBio rises on Q1 revenue beat
** Shares of drugmaker ImmunityBio IBRX.O rise 11.1% to $2.3** Co posts Q1 revenue of $16.5 million, beating analysts' average estimate of $16.02 million, according to data compiled by LSEG ** IBRX reports Q1 net loss of 15 cents/share vs analysts' est of 13 cents/share** Including session&#...Reuters
Mon, May 12
Why Lowe's, Kohl's, and Stanley Black & Decker Stocks All Popped This Morning
Monday dawned bright for investors after President Donald Trump announced over the weekend that the U.S. has struck a deal with China to dramatically -- if temporarily -- roll back some of the tidal wave of new tariffs that the two nations had imposed on each other over the past several weeks. The U...The Motley Fool
Mon, May 12
Chewy CFO to step down, shares fall
** Shares of online pet products retailer Chewy CHWY.N down 4.5% at $37.79 ** Co says CFO David Reeder will be stepping down** "David will remain as CFO through our next earnings announcement in June and assist with an orderly transition as we undertake a search for his successor," CHWY says...Reuters
Mon, May 12
LIVE MARKETS-Did someone say "recession"?
Main US indexes jump; Nasdaq up ~3.4%, out frontCons Disc leads S&P 500 sector gainers; Defensives lagEuro STOXX 600 index up ~0.9%Dollar surges; crude up >3%; bitcoin off; gold slides >2.5%US 10-Year Treasury yield jumps to ~4.45%Welcome to the home for real-time coverage of markets broug...Reuters
Mon, May 12
US retailers rise after US, China agree to ease some tariffs for 90 days
** Shares of retailers surge in early trading after U.S. and China agree to ease some tariffs and a 90-day pause** "While a 30% tariff is still a significant hit to retailers’ margins, ... the tentative deal provides some breathing room as retailers gear up for back-to-school and holiday shoppin...Reuters
Mon, May 12
Copper miners rise after US and China agree to slash reciprocal tariffs
** Benchmark three-month copper CMCU3 on the London Metal Exchange up 1% at $9,528 a metric ton** Prices rose after the U.S. and China agreed to slash reciprocal tariffs, easing global recession fears** Shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 2.8% and 3%, respectively...Reuters
Mon, May 12
Gold miners fall as US, China reach deal to cut tariffs
** Shares of gold miners fall, tracking dip in bullion prices GOL/** Spot gold down 2.5% at $3,239.54/ounce** Gold prices declined after the U.S. and China agreed to temporarily slash tariffs ** Top miners Newmont NEM.N and Barrick Mining ABX.TO down 4.7% and 4.8%, respectively** U.S.-listed shares ...Reuters
Mon, May 12
Centuri Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
Centuri Holdings Inc CTRI.N reported a quarterly adjusted loss of 12 cents per share for the quarter ended March 31. The mean expectation of five analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -20 cents to -11 cents per share.Revenue was ...Reuters
Mon, May 12
Imunon Inc reports results for the quarter ended March 31 - Earnings Summary
Imunon Inc IMNN.OQ reported a quarterly adjusted loss of 28 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -52 cents. The mean expectation of five analysts for the quarter was for a loss of 35 cents per share. Wall Street e...Reuters
Mon, May 12
