News
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Progressive's quarterly profit jumps on robust auto insurance demand
April 16 (Reuters) - Insurer Progressive PGR.N reported a 10% jump in first-quarter profit on Wednesday, helped by resilient demand for its auto insurance policies.Shares of the Mayfield Village, Ohio-based company rose 1.8% to $281 before the bell.Rising wages and low unemployment in the reported q...Reuters
Wed, Apr 16
Progressive Corp reports results for the quarter ended March 31 - Earnings Summary
Progressive Corp PGR.N reported quarterly adjusted earnings of $4.65 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $3.73. The mean expectation of nineteen analysts for the quarter was for earnings of $4.79 per share. Wall Street...Reuters
Wed, Apr 16
MIDEAST STOCKS-Gulf bourses end mixed on trade war worries
By Ateeq Shariff April 16 (Reuters) - Stock markets in the Gulf closed mixed on Wednesday after U.S. President Donald Trump ordered a probe into potential new tariffs on U.S. critical mineral imports and amid concerns about the economic impact of the U.S.-China trade war.Trump's probe was vie...Reuters
Wed, Apr 16
Street View: BofA to navigate the macro swells
** Bank of America BAC.N topped estimates on Tuesday for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul** Median PT of 24 brokerages covering the stock is $47, with an average rating of a "buy" - data compiled by LSEG STR...Reuters
Wed, Apr 16
Can Artificial Intelligence (AI) Leader Nvidia Continue to Grow Despite Trump's Tariffs?
President Donald Trump's turbulent tariff rollout and subsequent pullback have rattled the stock market and confused economists and business leaders. While some of the most intense tariffs are officially under a 90-day pause, a 10% tariff on most imports is still in effect, as is a hefty 145% import...The Motley Fool
Wed, Apr 16
U.S. STOCKS ON THE MOVE-Tesla, Cal-Maine Foods, Bluebird Bio
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street was on track to open lower on Wednesday, with AI-chip heavyweight Nvidia expected to drag after flagging steep charges from new U.S. controls on chip exports to China, the latest...Reuters
Wed, Apr 16
Car rental firm Hertz rises after Ackman's Pershing Square builds stake
** Shares of car rental firm Hertz HTZ.O jump 21.9% to $4.45 premarket ** Activist investor Bill Ackman's hedge fund, Pershing Square Capital Management, has a 12.7 million share stake in HTZ, as of December 31, 2024, according to an SEC filing** Reuters reported last week that Pershing Square H...Reuters
Wed, Apr 16
Reverse Stock-Split Watch: Is Intel Next?
In recent years, certain GPU makers like Nvidia have seen their share prices soar. But not Intel (NASDAQ: INTC). Over the past 12 months alone, shares of the struggling chipmaker have crashed by nearly 50%, sending the company's market capitalization below $100 billion for the first time in year.Int...The Motley Fool
Wed, Apr 16
Should You Buy the S&P 500 Index Below 5,670?
The stock market has been anything but quiet this year. Ripples first appeared when the emergence of China's DeepSeek started to raise questions on valuations of large artificial intelligence stocks. Then weaker economic data pointed to a slowing economy.Following this, President Donald Trump impose...The Motley Fool
Wed, Apr 16
Lyft rises on Europe entry plan with $200 million FreeNow acquisition
** Shares of ride-hailing firm Lyft LYFT.O rise 1.9% to $11.1 premarket** LYFT is buying mobility platform FreeNow from German automotive giants BMW BMWG.DE and Mercedes-Benz MBGn.DE for 175 million euros ($198.40 million) to expand into European ride-hailing market** Deal will nearly double co'...Reuters
Wed, Apr 16
Up 2,000% in 2 Years, Is Carvana a No-Brainer Stock to Buy Hand Over Fist With $500 Right Now?
Carvana (NYSE: CVNA) has been a polarizing stock in the past. It went from winning over investors in remarkable fashion to seeing its share price nosedive to now trending back in the right direction. This growth tech stock is up a jaw-dropping 2,000% in just the past two years (as of April 11). Howe...The Motley Fool
Wed, Apr 16
BREAKINGVIEWS-ASML holds up lens to chip sector’s known unknowns
By Karen Kwok LONDON, April 16 (Reuters Breakingviews) - ASML’s ASML.AS lithography machines are renowned for their unmatched precision in manufacturing semiconductors. The $260 billion company’s first-quarter results offer a similarly precise reflection of the deep uncertainty facing the global ...Reuters
Wed, Apr 16
NYSE Content Advisory: Pre-Market update + Nvidia quantifies tariff impact
NEW YORK, April 16, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. jwplayer.key="3Fznr2BGJZtpwZmA+81lm048ks6+0NjLXyDdsO2Yk...PR Newswire
Wed, Apr 16
Bluebird Bio falls after Ayrmid fails to give binding offer
** Shares of gene therapy firm Bluebird Bio BLUE.O down 8.7% at $4.08 premarket ** BLUE says privately held UK company Ayrmid Ltd has not submitted binding proposal to acquire it and has not obtained necessary financing ** Co in March received non-binding offer from Ayrmid for up to $110.5 million *...Reuters
Wed, Apr 16
Community Trust Bancorp Inc reports results for the quarter ended March 31 - Earnings Summary
Community Trust Bancorp Inc CTBI.OQ reported quarterly adjusted earnings of $1.22 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.04. The mean expectation of three analysts for the quarter was for earnings of $1.19 per share. W...Reuters
Wed, Apr 16
Street View: Citigroup to benefit from better regulatory backdrop
** Citigroup C.N beat Wall Street estimates for first-quarter profit on Tuesday and moved closer to its profitability target as its traders reaped a windfall from volatile markets that fueled client activity.** Average recommendation of 21 brokerages is "buy", median PT is $85 - data compile...Reuters
Wed, Apr 16
As Trade Wars Heat Up Over Trump's Tariffs, Is Taiwan Semiconductor Stock Still a Buy Before April 17?
Generally speaking, stock prices move based on reactions to quarterly earnings or economic indicators such as inflation or unemployment rates. At the moment, those variables have taken a back seat to another gigantic topic: swaying investor sentiment.Of course, I'm referencing President Trump's tari...The Motley Fool
Wed, Apr 16
