News
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South African rand recovers against weaker dollar but risks remain
Risk-sensitive rand advances after turbulent weekCurrency at mercy of trade war and local politicsBy Tannur Anders and Sfundo Parakozov JOHANNESBURG, April 11 (Reuters) - The South African rand gained ground against a weaker dollar on Friday, but analysts said it remained susceptible to twists i...Reuters
Fri, Apr 11
UBS upgrades Newmont as stronger gold prices to drive cash returns, valuation
Investing.com -- UBS upgraded Newmont Corporation to “Buy” from “Neutral” and raised its price target to $60 per share, citing a more supportive macro backdrop for gold and potential for sustained shaInvesting.com
Fri, Apr 11
EMERGING MARKETS-Latam currencies head for weekly losses; Argentina-IMF deal in focus
Mexico to send water to Texas farmers amid tensions with USBrazil's inflation in-line with expectations in MarchMexico industrial production up 2.5% in FebruaryEcuador presidential vote due on Sunday By Johann M Cherian April 11 (Reuters) - Most Latin American currencies were on track for we...Reuters
Fri, Apr 11
Why Recursion Pharmaceuticals Stock Is Skyrocketing Today
Shares of Recursion Pharmaceuticals (NASDAQ: RXRX) were skyrocketing around 20% higher as of 11 a.m. ET on Friday. The big gain for the biotech stock came after the U.S. Food and Drug Administration (FDA) announced on Thursday that it plans to replace the use of animals in testing drugs with "more e...The Motley Fool
Fri, Apr 11
LIVE MARKETS-PPI: Inflation is cooling, UMich: Don't get used to it
Main US equity indexes modestly red: Dow off ~0.3%Cons disc down most among S&P sectors; materials lead gainersEuro STOXX 600 index down ~0.1%Dollar falls; crude edges up; gold jumps ~1.8%; bitcoin up ~2.5%U.S. 10-Year Treasury yield jumps to ~4.58%Welcome to the home for real-time coverage of m...Reuters
Fri, Apr 11
JPMorgan rises after Q1 profit beats estimates
** Shares of JPMorgan Chase JPM.N rise 2.4% to $232.62 after Q1 results ** Excluding one-time costs, the bank earned $4.91 per share, beating analysts' avg, estimate of $4.61 - data compiled by LSEG ** JPM posts earnings of $14.6 billion, or $5.07 a share, up 9% from $13.4 billion, or $4.44...Reuters
Fri, Apr 11
Why AI Robotics Stock Symbotic Jumped 16% This Week After Hitting a 52-Week Low
After hitting a 52-week low of $16.32 per share on April 4, Symbotic (NASDAQ: SYM) stock bounced back and hit a weekly intraday high of 16.1% through 10:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.Turns out, investors lapped up the opportunity to buy shares in the...The Motley Fool
Fri, Apr 11
Wells Fargo reports higher Q1 profit; shares fall as tariff rout deepens
** Wells Fargo's WFC.N reports a rise in Q1 profit, helped by strength in its wealth management business** Shares of the major U.S. lender, however, fall 2.9% to 61.26, amid another bout of tariffs-induced selloff** Investment advisory fees and brokerage commissions rise 7% ** Co's net incom...Reuters
Fri, Apr 11
TreeHouse Foods rises on cost-reduction actions
** Shares of food processing company TreeHouse Foods THS.N rise 8.9% to $23.58 ** THS says it is implementing cost-savings actions to enhance profitability and cash flow, while improving quality and service levels** Co says Scott Tassani, executive vice president, business president and chief commer...Reuters
Fri, Apr 11
LIVE MARKETS-Wall Street gyrates lower in volatile trade
Main US equity indexes modestly red: Dow off ~0.3%Apr U Mich sentiment preliminary 50.8 vs 54.5 estimateEuro STOXX 600 index down ~0.5%Dollar falls; crude ~flat; gold up >1%; bitcoin up >2%U.S. 10-Year Treasury yield jumps to ~4.54%Welcome to the home for real-time coverage of markets brought ...Reuters
Fri, Apr 11
Scotiabank upgrades EOG Resources on reasonable valuation, growth potential
** Scotiabank upgrades energy firm EOG Resources EOG.N to "outperform" from "sell", trims PT to $130 from $150 ** Brokerage says EOG has strong financial position, which will be attractive to investors in uncertain market conditions** Co has good mix of oil and gas assets, which shou...Reuters
Fri, Apr 11
CANADA STOCKS-TSX rises following US bank earnings even as tariff turmoil looms
By Sanchayaita Roy April 11 (Reuters) - Canada's main stock index advanced on Friday, led by gains in materials stocks, following strong earnings from U.S. big banks including JPMorgan, while investors treaded carefully amidst heightened U.S.-China trade tensions.Toronto Stock Exchange's...Reuters
Fri, Apr 11
US STOCKS-Wall St dips on tariff worries, big banks kick off earnings season
Indexes down: Dow 0.31%, S&P 500 0.25%, Nasdaq 0.24%JPMorgan up after beating quarterly profit estimatesBeijing increases tariffs on US imports to 125%By Shashwat Chauhan and Purvi Agarwal April 11 (Reuters) - Wall Street's main indexes dipped in choppy trading on Friday after China incre...Reuters
Fri, Apr 11
Why Shares in Data Center Equipment Company Vertiv Surged This Week
Shares in data center equipment company Vertiv (NYSE: VRT) rose by 14% in the week ending Friday morning. This is an excellent performance, but the stock is still down more than 40% this year. This week's positive move helps to shed light on the key driver of the stock at the moment -- sentiment ove...The Motley Fool
Fri, Apr 11
Fastenal Co reports results for the quarter ended March 31 - Earnings Summary
Fastenal Co FAST.OQ reported quarterly adjusted earnings of 52 cents per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of thirteen analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 51 c...Reuters
Fri, Apr 11
Lucid Stock Jumped This Week, but Here's Why It Might Not Last
It's been an incredibly turbulent week for stocks in the electric vehicle (EV) sector and for markets in general. As of early Friday morning, the Nasdaq Composite index was 5.4% higher for the week mainly thanks to Wednesday's historic rally.Shares of EV maker Lucid Group (NASDAQ: LCID) were doing e...The Motley Fool
Fri, Apr 11
Gold miners gain as spot prices scale new record peak
** Gold miners rise, tracking bullion prices GOL/** Spot gold XAU= up 1.8% to $3,230.75 an ounce; after hitting a record high of $3,237.56 earlier in the session, spurred by a weak dollar and concerns due to an intensifying trade war ** Bullion is up over 6% this week ** Newmont NEM.N and ...Reuters
Fri, Apr 11
