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GLOBAL MARKETS-Shares skid as Nvidia hurt by US chip-sale curbs, gold hits record
Tech shares hit as US curbs chip sales to ChinaNvidia slumps 7% European and Asian stocks fall Gold climbs 3%, dollar slides and safe-havens jumpOil up nearly 2%By Lawrence Delevingne and Harry Robertson BOSTON/LONDON, April 16 (Reuters) - Global shares fell on Wednesday, with gold trading at rec...Reuters
Wed, Apr 16
Energy shares drive FTSE 100 gains as inflation eases
Bunzl lowers 2025 operating margin forecastOxford Instruments rises on annual profit outlookUK inflation slows to 2.6% in March from February's 2.8%FTSE 100 gains 0.3%, FTSE 250 flat April 16 (Reuters) - Energy shares led Britain's benchmark stock index higher on Wednesday, as a softer-th...Reuters
Wed, Apr 16
Omnicom down after Q1 revenue miss, MoffettNathanson cuts PT
** Shares of advertising and marketing firm Omnicom Group OMC.N down 5.1% after missing Q1 revenue estimates** OMC posts Q1 revenue of $3.69 bln compared with analysts' estimates of $3.72 bln, according to data compiled by LSEG ** Brokerage MoffettNathanson reduces PT to $85 from $92; reiterates...Reuters
Wed, Apr 16
European shares close lower as ASML warns US tariffs cloud outlook
ASML warns Trump's tariffs increase uncertaintyEuropean corporate earnings outlook worsens amid trade warUK's Bunzl slides after full-year guidance cutBy Sukriti Gupta, Medha Singh and Shashwat Chauhan April 16 (Reuters) - European shares closed lower on Wednesday, weighed down by semicon...Reuters
Wed, Apr 16
US STOCKS-Wall St tumbles, Nvidia slumps after new US chip export controls
Indexes down: Dow 0.30%, S&P 500 0.97%, Nasdaq 1.85%United Airlines up on stable quarterly bookings March retail sales stronger than expected Fed Chair Powell's speech on tapBy Lisa Pauline Mattackal and Purvi Agarwal April 16 (Reuters) - Wall Street's main indexes slid on Wednesd...Reuters
Wed, Apr 16
Abbott on track for best day in 2 years after reaffirming forecast amid tariff risks
** Shares of medical device maker Abbott ABT.N rise 5.4% to $133.05** ABT is the top performer on the S&P 500 .SPX index on Wednesday ** Stock has its best day since April 2023, if gains hold ** ABT, in a conference call, says it doesn't expect any tariff impact in Q2** Impact of tariff...Reuters
Wed, Apr 16
BNP Paribas cuts Tesla target, warns Q1 may force rethink on earnings outlook
Investing.com -- BNP Paribas said that Tesla’s first-quarter results could lead investors to sharply lower their expectations for the company, as demand softens and profitability comes under pressure.Investing.com
Wed, Apr 16
Grocery Outlet up after Jefferies upgrade
** Shares of discount retailer Grocery Outlet Holding Corp GO.O rise 6.1% to $14.74** Jefferies upgrades GO's rating to "buy" from "hold"; raises PT to $18 from $13** GO's defensive positioning as a low-price grocer could drive outperformance during periods of economic uncert...Reuters
Wed, Apr 16
LIVE MARKETS-Despite the tortoise outrunning the hare, BofA clients not on board
Main U.S. indexes red ahead of Powell remarks at 1:30 p.m. EDTTech weakest S&P 500 sector; Energy leads gainersEuro STOXX 600 index off ~0.2%Dollar down; bitcoin gains >1%; crude up ~2%; gold up ~3%US 10-Year Treasury yield ~flat at ~4.32% Welcome to the home for real-time coverage of markets...Reuters
Wed, Apr 16
EMERGING MARKETS-Latam FX edge higher in choppy trading as investors weigh trade tensions
Latam FX flat, stocks up 0.3%Mexico sends diplomatic memo to US on border security collaborationU.S. imposes restrictions on chip exports to China Argentina loosens FX restrictions for non-residentsBy Pranav Kashyap and Johann M Cherian April 16 (Reuters) - Most Latin American currencies edged hi...Reuters
Wed, Apr 16
Winmark Corp reports results for the quarter ended March 31 - Earnings Summary
Winmark Corp WINA.OQ reported quarterly adjusted earnings of $2.71 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.41. The lone analyst forecast for the quarter was for earnings of $2.74 per share. Revenue rose 9% to $21.92 mil...Reuters
Wed, Apr 16
Will Netflix Announce a Stock Split on Thursday?
For a company that often releases an entire season of a show at the same time, Netflix (NASDAQ: NFLX) knows that its audience doesn't like to wait. Netflix investors will have to show some patience this earnings season. The world's top premium video service will report its first-quarter results on T...The Motley Fool
Wed, Apr 16
Abbott backs profit forecast, to invest $500 million in US amid tariffs
Abbott invests $500 million in US amid tariff uncertaintyProjects in Illinois and Texas to start by year-endAbbott's Q1 profit beats estimates, glucose monitor sales riseBy Christy Santhosh and Puyaan Singh April 16 (Reuters) - Medical device maker Abbott Laboratories ABT.N maintained its ann...Reuters
Wed, Apr 16
U.S. STOCKS ON THE MOVE-Lyft, Hertz Global, Prologis
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes slid on Wednesday, with chipmakers leading declines as Nvidia warned of steep charges from new U.S. curbs on its chip exports to China, making it one of the bi...Reuters
Wed, Apr 16
Why Cal-Maine Foods Stock Cracked Today
Shares of Cal-Maine Foods (NASDAQ: CALM), America's biggest egg producer, dropped 3% through 11:10 a.m. ET this morning -- for reasons that had nothing to do with inflation or the rising price of eggs.Rather, Cal-Maine stock tumbled because a handful of its biggest shareholders are selling the stock...The Motley Fool
Wed, Apr 16
Why Shares of Nvidia Are Sinking Today
Shares of Nvidia (NASDAQ: NVDA) were trading nearly 7% lower at 10:52 a.m. ET today. In a filing last night, Nvidia disclosed that it would be taking a $5.5 billion charge in its first quarter of fiscal 2026 after the U.S. government informed the company that it will need a license to export certain...The Motley Fool
Wed, Apr 16
South African assets gain as dollar slumps on tariff uncertainty
JOHANNESBURG, April 16 (Reuters) - South African assets firmed on Wednesday as uncertainty around U.S. tariffs lifted gold prices to record highs and depressed the dollar.At 1504 GMT, the rand traded at 18.8150 against the U.S. dollar ZAR=D3, about 1% stronger than its previous close.The dollar =USD...Reuters
Wed, Apr 16
Brokerages see potential in UroGen's experimental bladder cancer drug
** Brokerages Scotiabank and Guggenheim see significant potential in UroGen Pharma's URGN.O experimental drug for a type of bladder cancer** Scotiabank says the drug UGN-102 could serve as a niche alternative to standard-of-care labor-intensive surgical procedures** Scotiabank initiates coverage...Reuters
Wed, Apr 16
LIVE MARKETS-Investors' guide on how to proceed if Chinese shares vanish from America's stock markets
Dow now ~flat, S&P 500 off ~0.7%, Nasdaq down ~1.6%Fed chair Powell to deliver remarks at 1:30 pm EDT before the Economic Club of ChicagoEuro STOXX 600 index off ~0.5%Dollar down; bitcoin gains >1%; crude up ~2%; gold up >2.5%US 10-Year Treasury yield ~flat at ~4.32%Welcome to the home for...Reuters
Wed, Apr 16
Oil cos up as report of potential US-China talks, Iraq output cut plan lift crude
** S&P 500 energy index .SPNY rise 1.58%, tracking 2% gains in crude prices** Brent Crude futures LCOc1 up 2.03% at $65.98/bbl and U.S. West Texas Intermediate crude CLc1 rise 2.3% to $62.74, drawing some strength from a media report of possibility of trade talks between China and the U.S. and a...Reuters
Wed, Apr 16
