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Financial stocks fall as Trump's credit card rate cap plan rattles investors
By Niket Nishant and Utkarsh Shetti Jan 12 (Reuters) - U.S. financial stocks and UK-listed lenders fell on Monday as President Donald Trump's call for a one-year cap on credit card interest rates threatened a key revenue stream for the industry.The move deepened concerns over the sector as i...Reuters
Mon, Jan 12
Alphabet hits $4 trillion valuation as AI refocus lifts sentiment
Jan 12 (Reuters) - Alphabet hit a $4 trillion market valuation on Monday, as the Google parent's sharpened artificial intelligence focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race.The tech giant GOOGL.O on Wednesday surpassed Apple AAPL.O in mar...Reuters
Mon, Jan 12
Top Calls on Wall Street: Nvidia, Apple, Tesla, Palantir, Microsoft, Roku, Netflix and More
Here are Monday’s biggest calls on Wall Street:Morgan Stanley upgrades Datadog to overweight from equal weightMorgan Stanley said it sees robust growth trends for Datadog.“The return of digital transformation & cloud migration initiatives and an emerging opportunity to monitor agentic apps are fueli...Tiger News
Mon, Jan 12
BofA upgrades American Water Works to 'neutral'; shares rise
BofA Global Research upgrades rating on American Water Works AWK.N to "neutral" from "underperform"Raises price target to $139 from $117; new PT represents a 8.6% premium to stock's last closeShares of AWK rise nearly 3% to about $131.6 in morning trading BofA says AWK's pend...Reuters
Mon, Jan 12
Apple Picks Google’s Gemini To Run AI-Powered Siri Coming This Year
Apple is joining forces with Google to power its artificial intelligence features for products such as Siri later this year.The multi-year partnership will lean on Google’s Gemini models and cloud technology for for future Apple foundational models.“After careful evaluation, we determined that Googl...Tiger News
Mon, Jan 12
US gold miners surge as bullion breaks $4,600 record
U.S.-listed shares of gold miners climb in premarket trade as the precious metal breaches $4,600 an ounce for the first time Spot gold XAU= jumps 1.9% to $4,596.32 per ounce; bullion hit a record high of $4,600.33 earlier in the day GOL/Investors snapped up safe-haven assets amid heightened geopolit...Reuters
Mon, Jan 12
JP Morgan lowers OneMain to 'underweight'; shares slide
Shares of personal loan provider OneMain Holdings OMF.N fall 5.4% to $67 in early tradingJP Morgan downgrades stock to "underweight" from "neutral"Lifts PT to $65 from $59, an 8.3% downside to stock's last close"While we acknowledge the company’s progress on reducing its back...Reuters
Mon, Jan 12
LIVE MARKETS-Wall Street falls on Fed independence, card rate worries
US equities fall; Dow leads main index lossesFinancials lead S&P sector losses, Staples lead gainersEuro STOXX 600 index up ~0.2%Dollar falls ~0.4%; crude dips; bitcoin ~flat, gold up >2%US 10-Year Treasury yield edges up to ~4.19%Welcome to the home for real-time coverage of markets brought ...Reuters
Mon, Jan 12
US STOCKS-Wall St drops on fresh Fed pressure; banks hit by rate-cap proposal
Indexes down: Dow 0.86%, S&P 500 0.24%, Nasdaq 0.58%Financial stocks fall as Trump calls for cap on credit card rateGold-linked stocks rise after bullion prices cross $4,600/ounce By Medha Singh and Pranav Kashyap Jan 12 (Reuters) - U.S. stocks slid on Monday after the Trump administratio...Reuters
Mon, Jan 12
QXO adds $1.8 billion in firepower amid building products consolidation
By Anshuman Tripathy Jan 12 (Reuters) - Billionaire Brad Jacobs' QXO QXO.N said it has secured an additional $1.8 billion in financing, led by Apollo Global Management APO.N and Singapore's Temasek, as the building products supplier pursues buyouts amid consolidation in the industry.The ...Reuters
Mon, Jan 12
SLM Corp falls after JP Morgan downgrades to 'underweight'
Shares of student loan provider SLM Corp SLM.O down 2.6% to $26.89J.P. Morgan downgrades to "underweight" from "neutral"; cuts PT to $25 from $29Cites President Trump's proposal requiring issuers to limit interest rates on credit cards to 10% for one year, with implementation exp...Reuters
Mon, Jan 12
Trump might keep Exxon out of Venezuela; shares fall
Shares of U.S. energy major Exxon Mobil XOM.N fall 1.4% to $122.73 in morning tradeU.S. President Donald Trump said on Sunday he might block XOM from investing in Venezuela following CEO Darren Woods comments that the South American country is "uninvestable"Exxon stock was also pressured by ...Reuters
Mon, Jan 12
Silver miners gain as metal prices hit record high
Shares of silver miners gain, tracking rise in white metal's prices GOL/Spot silver XAG= up 5.1% at $84 per ounce after hitting an all-time high of $85.69 earlier in the dayPrices rise as investors snap up safe-haven assets amid heightened geopolitical uncertainties and a criminal probe into U.S...Reuters
Mon, Jan 12
Albemarle rises as brokerages lift PT on higher lithium prices
Shares of lithium miner Albemarle ALB.N rise 4% to $167.75 in the morning trade after several brokerages lift PT on stockScotiabank upgrades rating to "sector outperform" from "sector perform"; raises PT to $200 from $85, a 19.3% upside to stock's last closeJefferies raises PT to...Reuters
Mon, Jan 12
Sun Country Airlines jumps after Allegiant agrees to buy carrier for $1.5 billion
Shares of budget airline Sun Country Airlines SNCY.O up 12.9% at $17.8 in early trading Shares of Allegiant ALGT.O down 4.6% at $90.6 Low-cost airline Allegiant agrees to acquire SNCY in a deal worth about $1.5 billion, including debtDeal values SNCY stock at $18.89 apiece, a ~19.8% premium to ...Reuters
Mon, Jan 12
Warner Bros Discovery falls as Paramount Skydance files lawsuit
Shares of Warner Bros Discovery's WBD.O fall 1.2% to $28.54Paramount Skydance PSKY.O files lawsuit seeking more information on rival $82.7 billion bid from Netflix NFLX.O for WBDPSKY intends to nominate directors for election at WBD's annual shareholders meeting PSKY down 0.4%; NFLX up ~1%In...Reuters
Mon, Jan 12
Venture Global falls after lowering 2025 core profit forecast
Shares of LNG firm Venture Global VG.N fall 4% to $6.95Company lowers its full-year 2025 core profit forecast to between $6.18 billion and $6.24 billion compared to its previous forecast of $6.35 billion to $6.50 billion Analysts on average were expecting core profit of $6.36 billion for the year- L...Reuters
Mon, Jan 12
