News
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US STOCKS-Wall Street stocks buoyed by strong economic data, possible U.S.-China trade talks
U.S. economy adds 177,00 jobsApple slips as tariff costs weigh By Chibuike Oguh and Sruthi Shankar NEW YORK, May 2 (Reuters) - Wall Street stocks advanced on Friday, notching the second straight week of gains, helped by strong economic data and potential easing of trade tensions between the U.S....Reuters
Fri, May 2
US FDA accepts Novo Nordisk's application for oral Wegovy for weight loss
May 2 (Reuters) - The U.S. Food and Drug Administration has accepted Novo Nordisk's NOVOb.CO marketing application for an oral version of its weight-loss drug Wegovy and will decide in the fourth quarter, the Danish drugmaker said on Friday.The company's experimental once-daily version will ...Reuters
Fri, May 2
GLOBAL MARKETS-Stocks rally on jobs data, signs of easing trade tensions
US labor market stronger than expected China says door is open for trade talksJapan eyes US Treasury holdings as negotiation tool By Stephen Culp NEW YORK, May 2 (Reuters) - Wall Street and European stocks surged and the dollar lost ground on Friday as investor risk appetite was strengthened by a...Reuters
Fri, May 2
Why Tesla Stock Surged Higher Friday
Tesla (NASDAQ: TSLA) stock is ending the week on a high note. Shares of the electric vehicle (EV) leader surged as much as 5% higher today as investors anticipate good things ahead. Ironically, some of the optimism came from a recent announcement from a competitor in self-driving technology.Tesla is...The Motley Fool
Fri, May 2
US STOCKS-Wall Street stocks buoyed by strong economic data, possible U.S.-China trade talks
Indexes up: Dow 1.45%, S&P 500 1.62%, Nasdaq 1.77%U.S. economy adds 177,00 jobsApple slips as tariff costs weigh By Chibuike Oguh and Sruthi Shankar NEW YORK, May 2 (Reuters) - Wall Street stocks advanced on Friday, on track for the second straight week of gains, helped by strong economic da...Reuters
Fri, May 2
Pony AI vs. Tesla: Wall Street Is Torn on One of These Autonomous Vehicle Stocks, but Says to Buy the Other Because It Could Double
Investors have certainly taken an interest in companies working on unsupervised full self-driving (FSD) capabilities, since they could be on the precipice of a massive new industry. Early entrants into new markets can quickly take market share and grab attention, developing a first-mover advantage.S...The Motley Fool
Fri, May 2
U.S. STOCKS ON THE MOVE-Motorola, Uber, Cytokinetics
Eikon search string for individual stock moves: STXBZThe Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock indexes rose on Friday, putting the S&P 500 on track for its longest winning streak in over 20 years, as upbeat payrolls d...Reuters
Fri, May 2
LIVE MARKETS-S&P 500 negative-to-positive outlook ratio so far in line with yr ago
Main US indexes all up >1%, Nasdaq leads with ~1.7% rallyAll S&P 500 sectors green; Comm Svcs out frontDollar, gold slip; crude off 1.7%; bitcoin up ~1%US 10-Year Treasury yield jumps to ~4.32%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can s...Reuters
Fri, May 2
Why Shares of Motorola Solutions Sank Today
Shares of public safety technology provider Motorola Solutions (NYSE: MSI) were down 7% as of 12:45 p.m. ET on Friday.While Motorola grew revenue by 6% and earnings per share by 13% -- easily beating analysts' expectations -- management's soft guidance for the upcoming quarter spooked the market.Whe...The Motley Fool
Fri, May 2
Here's Why Wolfspeed Stock Is Soaring Today
Shares of industrial outfit Wolfspeed (NYSE: WOLF) are ending a raucous trading week as wildly as they started it, rallying again on Friday to overcome Tuesday's sizable pullback from the prior week's explosive gains. As of 12:56 p.m. ET, the stock is up 23%, in fact, or 35% above last Friday's clos...The Motley Fool
Fri, May 2
Why Block Stock Is Crashing Today
Shares of Block (NYSE: XYZ) are falling on Friday. The stock dropped 20.7% as of 12:55 p.m. ET and was down as much as 24.3% earlier in the day. The move comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 1.5% and 1.8%, respectively.A big miss for BlockBlock repo...The Motley Fool
Fri, May 2
EnQuest bows out of Serica deal as market jitters hinder agreement on terms
May 2 (Reuters) - North Sea-focused oil producer EnQuest ENQ.L will not make an offer for UK's Serica Energy SQZ.L, the companies said on Friday, as the two could not agree on favourable terms in time amid market volatility. EnQuest shares were down about 5% at 13.14 pence, while Serica shares w...Reuters
Fri, May 2
Palantir Stock Is Flying Higher Today -- Should You Buy This Red-Hot AI Stock Before May 5?
Shares of Palantir (NASDAQ: PLTR) are rising on Friday. The company's stock gained 5.8% as of 12:14 p.m. ET but gained as much as 6.9% earlier in the day. The leg up came as the S&P 500 gained 1.3% and the Nasdaq Composite lost 1.6% on the day.Shares of the artificial intelligence or AI-powered anal...The Motley Fool
Fri, May 2
Prio's purchase of Peregrino field to boost its oil output by 60,000 bpd
By Fabio Teixeira RIO DE JANEIRO, May 2 (Reuters) - Brazilian company Prio's PRIO3.SA acquisition of a 60% stake in the Peregrino oil field from Equinor EQNR.OL is set to boost the production of the independent oil firm by 60,000 barrels per day (bpd), a Prio spokesperson told Reuters.The fir...Reuters
Fri, May 2
LIVE MARKETS-Individual investor bears climb - AAII
Main US indexes all up >1%, Nasdaq leads with ~1.9% rallyAll S&P 500 sectors green; Comm Svcs out frontEuro STOXX 600 index rises ~1.7%Dollar, gold slip; crude off >1%; bitcoin up >1%US 10-Year Treasury yield jumps to ~4.33%Welcome to the home for real-time coverage of markets brought t...Reuters
Fri, May 2
Cytokinetics tumbles as FDA delays heart drug review by 3 months
** Shares of drug developer Cytokinetics CYTK.O fall 15% to $36.52** Late on Thursday, co said that the US FDA has extended the review date for its marketing application of heart disease drug aficamten to Dec. 26** Stock set for biggest single-day percentage drop in nearly a year, if losses hold ...Reuters
Fri, May 2
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 3.3% at $3.60 per million British thermal units, putting the contract on track for its highest close since April 10** Natural gas prices climb more than 2% to a three-week high on a drop in...Reuters
Fri, May 2
Why Hertz Stock Soared 73% in April
Shares of Hertz Global Holdings (NASDAQ: HTZ) were skyrocketing last month on news that billionaire Bill Ackman, head of Pershing Square Capital Management, had taken a 19.8% stake in the car rental company and longtime laggard on the stock market.Ackman explained his rationale in a post on X, sayin...The Motley Fool
Fri, May 2
