News
Important Only
TRADING DAY-Stocks rebound, no new Powell-bashing or trade tirades from Trump
NEW YORK, April 22 (Reuters) - Making sense of the forces driving global marketsBy Alden Bentley, Americas Finance and Markets Breaking News Editor.Jamie is away today so I'll provide a round-up of today's main market moves below. I'd love to hear from you, so please reach out to me with...Reuters
Tue, Apr 22
Packaging Corp forecasts second-quarter profit below estimates amid tariff-driven demand slowdown
April 22 (Reuters) - Packaging Corp of America PKG.N forecasts second-quarter profit below Wall Street estimates on Tuesday, as the packaging products maker navigates an uncertain macroeconomic environment amid a tariff-induced demand slowdown.Shares of the company were down more than 6% to $175 in ...Reuters
Tue, Apr 22
Tesla inches up as Q1 gross margin beat outshines revenue miss
** Tesla TSLA.O shares up 0.5% at $239.20 in extended trading ** The electric automaker beat first-quarter total gross margin estimates as sales in its more profitable segments - services and energy storage - registered strong growth** Total Q1 gross margin of 16.3% vs estimates of 15.82% - data com...Reuters
Tue, Apr 22
Oklo slides as OpenAI CEO Sam Altman to step down as chairman
** Shares of nuclear startup firm Oklo OKLO.N down 11% at $19.14 after the bell** OpenAI CEO Sam Altman will step down as the chairman OKLO, company says ** "We are excited to continue working to bring scalable, clean energy to the AI sector and beyond, and to continue to explore strategic partn...Reuters
Tue, Apr 22
US STOCKS-Wall Street ends higher on earnings, hopes of easing tariff tensions
3M jumps after results Northrop Grumman, RTX tumble IMF cuts US growth forecastIndexes up: Dow 2.66%, S&P 500 2.51%, Nasdaq 2.71%By Stephen Culp April 22 (Reuters) - U.S. stocks rebounded on Tuesday as a spate of quarterly earnings reports and hints at the de-escalation of U.S.-China trade te...Reuters
Tue, Apr 22
Bristol Myers drops as schizophrenia drug fails in late-stage trial as add-on treatment
** Shares of drugmaker Bristol Myers Squibb BMY.N fall 6.8% to $46.41 after the bell** BMY says its drug Cobenfy failed to show to statistically significant difference compared to placebo in a late-stage trial studying it as an add-on treatment for schizophrenia** In September, the U.S. Food and Dru...Reuters
Tue, Apr 22
Orrstown Financial Services Inc reports results for the quarter ended March 31 - Earnings Summary
Orrstown Financial Services Inc ORRF.OQ reported quarterly adjusted earnings of $1.00 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of five analysts for the quarter was for earnings of 93 cents per...Reuters
Tue, Apr 22
FVCBankcorp Inc reports results for the quarter ended March 31 - Earnings Summary
FVCBankcorp Inc FVCB.OQ reported quarterly adjusted earnings of 28 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 20 cents. The lone analyst forecast for the quarter was for earnings of 24 cents per share. Revenue rose 17.7...Reuters
Tue, Apr 22
Western New England Bancorp Inc reports results for the quarter ended March 31 - Earnings Summary
Western New England Bancorp Inc WNEB.OQ reported quarterly adjusted earnings of 11 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of three analysts for the quarter was for earnings of 12 cents ...Reuters
Tue, Apr 22
EMERGING MARKETS-Latam stocks and FX advance on higher commodity prices; focus on Trump's Fed critique
Latam stocks up 2.2%; FX up 0.9%IMF cuts GDP growth estimates for Mexico, BrazilChile's peso tops regional peers, up 1.9% By Pranav Kashyap, Johann M Cherian and Nikhil Sharma April 22 (Reuters) - Most Latin American currencies and stocks rose on Tuesday, tracking higher commodity prices, whi...Reuters
Tue, Apr 22
Tesla rises after Q1 gross margin beats estimates
** Tesla TSLA.O shares rise 1% to $240.14 in extended trading ** The electric automaker beat first-quarter total gross margin estimates as sales in its more profitable segments - services and energy storage - registered strong growth** Total Q1 gross margin of 16.3% in Q1 vs estimates of 15.82%- LSE...Reuters
Tue, Apr 22
FX firm Argentex shares suspended after volatility-induced margin calls
LONDON, April 22 (Reuters) - Shares of British currency risk management company Argentex AGFX.L were suspended from trading on Tuesday after the company said its liquidity had significantly worsened due to the sharp fall in the U.S. dollar.Argentex, one of the financial firms hurt by the recent mark...Reuters
Tue, Apr 22
Why Investors Were Upbeat About Chevron Stock on Tuesday
Investors concerned about relatively weak oil prices got a boost Tuesday from comments by Chevron (NYSE: CVX) CEO Mike Wirth. Making rather bullish statements about both the energy business and the broader macroeconomy, the Chevron leader managed to reassure investors about the company's current sta...The Motley Fool
Tue, Apr 22
NB Bancorp Inc expected to post earnings of 35 cents a share - Earnings Preview
NB Bancorp Inc NBBK.OQ NBBK.O is expected to report resultson April 24 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for NB Bancorp Inc is for earnings of 35 cents per share. The one available analyst rating on the shares is "buy". The mean earnings estima...Reuters
Tue, Apr 22
Here's Why QuantumScape Stock Is a Buy Before April 23
QuantumScape (NYSE: QS) initially attracted a stampede of bulls when it went public by merging with a special purpose acquisition company (SPAC) on Nov. 27, 2020. The solid state battery maker's stock opened at $24.80 and surged to a record high of $131.67 less than a month later. At the time, it cl...The Motley Fool
Tue, Apr 22
Oklo slides on report OpenAI CEO Sam Altman steps down as chairman
** Shares of nuclear startup firm Oklo OKLO.N down 14% at $18.65 after the bell** OpenAI CEO Sam Altman is stepping down as the chairman OKLO, CNBC reports ** Oklo went public last May through a merger with Altman's blank-check firm ** Stock is up marginally so far this year as of last closeReuters
Tue, Apr 22
LIVE MARKETS-Trade deal optimism and earnings season send stocks higher
Main US indexes rally; Nasdaq ends up ~2.7%All S&P 500 sectors green; Financials, up ~3.3%, leadDollar gains; crude up ~1.8%; bitcoin up ~4.6%; gold off >1%US 10-Year Treasury yield edges down to ~4.40%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. ...Reuters
Tue, Apr 22
US STOCKS-Wall St ends higher on earnings, hopes of easing tariff tensions
3M jumps after results Northrop Grumman, RTX tumble IMF cuts US growth forecastBy Stephen Culp April 22 (Reuters) - U.S. stocks rebounded on Tuesday as a spate of quarterly earnings reports and hints at the de-escalation of U.S.-China trade tensions brought buyers in from the sidelines.A broad ra...Reuters
Tue, Apr 22
