News
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Coastal and specialty commercial insurers lead gains among US P&C stocks in March
S&P 500 drops 5.8% in March amid trade war fears and stagflation concerns in the U.S.Sector-specific S&P 500 Insurance outperforms with 1.7% monthly rise (up 11.7% YTD)WR Berkley rises 12.8% in March on MSI’s plan to build 15% stakeAIG advances 4.8% in the month, compounding 19.4% gain for t...Reuters
Tue, Apr 1
Digi Power X Inc reports results for the quarter ended December 31 - Earnings Summary
Digi Power X Inc DGX.V reported a quarterly adjusted loss of 1 cent per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -34 cents. The lone analyst forecast for the quarter was for a loss of 15 cents per share. Revenue fell 23.7% t...Reuters
Tue, Apr 1
Eton Pharma falls after co licenses rare disease drug to Spanish company
** Shares of drug developer Eton Pharmaceuticals ETON.O fall ~3% to $12.58** ETON says it has out-licensed the non-U.S. commercial rights for its rare disease drug, Increlex, to Spain's Esteve Pharmaceuticals** Esteve will pay Eton 4 million euros ($4.32 million) upfront for the licensing rights...Reuters
Tue, Apr 1
Qualcomm considers buying UK semiconductor firm Alphawave
Qualcomm has until April 29 to make a firm offer or walk awaySoftBank-owned Arm previously explored buying Alphawave, sources saidAlphawave shares surge more than 52% April 1 (Reuters) - U.S. chipmaker Qualcomm QCOM.O is considering making an offer to acquire Alphawave IP Group AWE.L, it said on ...Reuters
Tue, Apr 1
PVH jumps on strong annual forecasts, $500 mln share buyback
** Shares of Tommy Hilfiger-parent PVH Corp PVH.N up as much as 19.9% at $77.52 in the morning trade** Company forecasts annual sales and profit above analysts' estimates ** PVH had said on Friday it plans to repurchase shares worth $500 million in 2025** If gains hold, stock set for best day si...Reuters
Tue, Apr 1
Insurer W.R. Berkley dips after BofA downgrades to 'neutral'
** Commercial insurer W.R. Berkley's shares WRB.N fall ~1% to $70.47** BofA Global Research downgrades WRB to "neutral" from "buy" following the recent stock surge ** WRB shares surged 7.5% on Friday to close at $71.27 after Japanese property and casualty insurance carrier Mi...Reuters
Tue, Apr 1
Is the U.S. auto sector ready for a policy-induced storm? Bernstein weighs in
Investing.com -- The U.S. auto sector is heading into a potentially severe disruption, with Bernstein warning that upcoming tariffs could move the industry from “earnings pressure to supply chain fragInvesting.com
Tue, Apr 1
LIVE MARKETS-From Tesla to tourism: How global boycotts, travel drop could hurt US GDP growth
Nasdaq, S&P 500 dip, Dow off ~0.6%Mar S&P Global mfg PMI final 50.2 vs 49.8 prior Euro STOXX 600 index up ~0.6%Dollar slips; crude, gold gain; bitcoin up ~1.2%US 10-Year Treasury yield falls to ~4.15%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. Y...Reuters
Tue, Apr 1
Michael Kors owner Capri's finance head jumps ship to Macy's
By Ananya Mariam Rajesh April 1 (Reuters) - Capri Holdings' CPRI.N finance and operations head, Thomas Edwards, will leave the U.S. luxury holding company to assume similar roles at department store chain Macy's M.N.At Macy's, Edwards, who will join in June, will help strengthen CEO T...Reuters
Tue, Apr 1
Cable news channel Newsmax crosses $20 billion valuation amid blistering stock rally
** Conservative cable news channel Newsmax's NMAX.N shares jump as much as 127.5% to $190 in second day of trading** Stock last up 125.1% at $187.98, valuing the company at $24.1 billion ** Nvidia-backed AI infrastructure firm CoreWeave CRWV.O, which went public last week, is trading at $39.4...Reuters
Tue, Apr 1
US STOCKS-Wall Street falls as tariff fears mount
Indexes down: Dow 1.03%, S&P 500 0.73%, Nasdaq 0.52%PVH rises after upbeat annual forecastJ&J falls after judge rejects $10 bln baby powder settlementFebruary's ISM manufacturing at 49By Sruthi Shankar and Pranav Kashyap April 1 (Reuters) - U.S. stock indexes dropped on Tuesday, as in...Reuters
Tue, Apr 1
CoreWeave rebounds in third day of trading
** Shares of artificial intelligence startup CoreWeave CRWV.O bounce back above IPO price in third day of trading on Weds** CRWV shares rise as much as 10.6% to $41 so far on the session. Stock on Mon hit post-debut low of $36 before ending down 7.3% at $37.08** Nvidia NVDA.O-backed firm's share...Reuters
Tue, Apr 1
Knight-Swift shares off; BofA downgrades due to weather, tariffs
** Shares in Knight-Swift Transportation Holdings KNX.N down 2.2%, hitting lowest level since Feb. 2021; BofA downgraded the stock, cut EPS view for Q1, Q2 citing Q1 weather and late quarter "shipper paralysis given lack of freight flows surrounding tariffs"** BofA analyst Ken Hoexter cut ra...Reuters
Tue, Apr 1
LIVE MARKETS-Voltage rise: Germany's fiscal boost to crank up its power sector
Nasdaq, S&P 500 dip, Dow off ~1%Mar S&P Global mfg PMI final 50.2 vs 49.8 prior Euro STOXX 600 index up ~0.7%Dollar slips; crude, gold gain; bitcoin up ~0.4%US 10-Year Treasury yield falls to ~4.14%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You...Reuters
Tue, Apr 1
1 No-Brainer Vanguard S&P ETF to Buy Right Now for Less Than $1,000
Exchange-traded funds (ETFs) are some of the best ways to invest in the stock market. They can provide almost instant diversification and are less risky than individual stocks. Some have themes that allow you to invest in specific sectors, industries, and trends.The risk part is important for ETFs, ...The Motley Fool
Tue, Apr 1
Equinox Gold falls after indefinite suspension of operations at Mexico mine
** Canadian gold miner Equinox Gold's shares EQX.TO fall 1.9% to C$9.70; U.S.-listed shares down 2.6% at $6.7** Miner says it has indefinitely suspended operations at its Los Filos Mine in Guerrero, Mexico, after the expiry of its land access agreement with the community of Carrizalillo on March...Reuters
Tue, Apr 1
Compass Therapeutics falls; brokerage says cancer drug trial data underwhelms
** Shares of drug developer Compass Therapeutics CMPX.O fall 14.5% to $1.62** CMPX says its experimental biliary tract cancer drug, tovecimig, when combined with chemotherapy, showed an overall response rate (ORR) of 17.1% in patients compared to 5.3% who received chemotherapy alone** ORR is the pro...Reuters
Tue, Apr 1
J&J shares tumble as judge rejects $10 billion talc settlement
Shares down 5.4% at $156.82J&J plans to litigate talc claims in tort systemOpponents argue J&J not in financial distress for bankruptcy April 1 (Reuters) - Shares of Johnson & Johnson JNJ.N fell more than 5% on Tuesday after a U.S. bankruptcy judge rejected its $10 billion proposa...Reuters
Tue, Apr 1
