News
Important Only
PayPal's shares slide as EU lawmaker raises prospect of new fees amid trade tensions
By Manya Saini March 28 (Reuters) - PayPal's PYPL.O shares fell 5% on Friday after comments from a European Union lawmaker raised concerns that payments firms could get swept up in escalating trade tensions and potential tariffs between the U.S. and Europe.Uncertainty over tariffs and mountin...Reuters
Fri, Mar 28
Why Alibaba Stock Is Falling Today
Shares of the large Chinese e-commerce and tech company Alibaba Group (NYSE: BABA) traded nearly 3% lower as of 12:47 p.m. ET today for no obvious reason, but likely due to the broader market sell-off after new inflation data this morning. A Wall Street analyst also lifted his price target on the st...The Motley Fool
Fri, Mar 28
Why XRP (Ripple) Is Plummeting Today
The crypto token XRP (CRYPTO: XRP) is trading lower on Friday, losing 6.8% as of 1:30 p.m. ET, and was down as much as 7% earlier in the day. The drop comes as the broader market takes a dive: The S&P 500 and Nasdaq Composite dropped 1.9% and 2.6%, respectively.The Commerce Department reported that ...The Motley Fool
Fri, Mar 28
Why Lululemon Athletica Plunged Today
Shares of Lululemon Athletica (NASDAQ: LULU) plunged on Friday, falling 14.3% as of 11:45 a.m. ET.Lululemon reported fiscal fourth-quarter earnings last night, and while last quarter's results beat expectations, its guidance disappointed Wall Street. Moreover, the company's CEO mentioned it has seen...The Motley Fool
Fri, Mar 28
U.S. STOCKS ON THE MOVE-GameStop, Oxford Industries, Wolfspeed
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's primary indexes fell sharply on Friday, as data underscored underlying price pressures, stoking fears that the Trump administration's tariff maneuvers could further exa...Reuters
Fri, Mar 28
Chipmaker Wolfspeed's shares hit 27-year low over uncertain federal funding
By Kritika Lamba March 28 (Reuters) - Wolfspeed's WOLF.N shares lost half their value on Friday, hitting their lowest level since 1998, as funding through a Joe Biden-era legislation that promised subsidies for chip making in the United States remains uncertain.Wolfspeed is waiting on about $...Reuters
Fri, Mar 28
European shares hits a weekly decline as tariff worries persist
Ubisoft shares dip, erase early gains on talk hedge funds shorting stockGerman unemployment rises amid economic slowdownGermany's DAX falls 1%STOXX 600 down 0.7%By Medha Singh and Nikhil Sharma March 28 (Reuters) - European shares slid on Friday as fresh U.S. data amplified worries about high...Reuters
Fri, Mar 28
GLOBAL MARKETS-Stocks lose ground amid inflation concerns, trade war worries
Stocks struggle over tariff concerns Gold scores fresh record high, oil slipsBond markets increasingly pricing in recession risksBy Chibuike Oguh and Marc Jones NEW YORK/LONDON, March 28 (Reuters) - An index of global shares traded lower while safe-haven gold hit a fresh record high on Friday, we...Reuters
Fri, Mar 28
Wall St Week Ahead-Wobbly US stocks face test with tariffs, jobs data
Investors hope to get more clarity on tariffs on April 2Options market prices more volatility around "Liberation Day"Impact of DOGE on jobs will be in focus on April 4 reportBy Lewis Krauskopf and Carolina Mandl NEW YORK, March 28 (Reuters) - A rocky U.S. stock market will be tested in th...Reuters
Fri, Mar 28
Why Shares of Tesla Are Falling to End the Week
Shares of the electric vehicle (EV) company Tesla (NASDAQ: TSLA) traded 3.4% lower, as of 12:18 a.m. ET today. The broader market struggled on Friday due to hotter-than-expected inflation data, and an analyst lowered his price target on the stock.A reset in volumeThe Federal Reserve's preferred gaug...The Motley Fool
Fri, Mar 28
Nvidia-backed CoreWeave falls in Nasdaq debut after disappointing IPO
** CoreWeave CRWV.O, artificial intelligence startup backed by Nvidia NVDA.O, falls in debut on Fri after hotly-anticipated IPO downsized and priced well below range** CRWV shares open at $39 vs $40 IPO price. Stock last down 2.7% at $38.92* Livingston, New Jersey-based co late Thurs announced 37.5 ...Reuters
Fri, Mar 28
XPO down after BofA cuts price target
** Shares of logistics firm XPO XPO.N down 4% at $108.77** Brokerage BofA Global Research cuts price target to $131 from $150** XPO's attempt to post accelerating yields in Q1 from Q4 suggests it is taking higher quality volumes (profitable small- to mid-sized business customers) — brokerage** L...Reuters
Fri, Mar 28
Why Rivian Stock Sold Off Today
Automotive stocks had a mixed Thursday after President Trump announced plans for additional new tariffs on imported vehicles and auto parts. Among the winners in that session was Rivian Automotive (NASDAQ: RIVN). The electric vehicle (EV) maker's stock jumped 7.6% based on its made-in-the-USA produc...The Motley Fool
Fri, Mar 28
LIVE MARKETS- Looking under the hood at car tariffs
S&P 500, Dow off >1%; Nasdaq slides >2%Comm svcs off most among S&P sectors; utilities only gainerEuro STOXX 600 index falls ~0.8%Dollar down, crude falls ~1%; gold up; bitcoin down ~4%U.S. 10-Year Treasury yield falls to ~4.26%Welcome to the home for real-time coverage of markets brou...Reuters
Fri, Mar 28
Nvidia-backed CoreWeave set for flat debut in disappointing IPO
** CoreWeave CRWV.O, artificial intelligence startup backed by Nvidia NVDA.O, on course for flat debut on Fri after hotly-anticipated IPO downsized and priced well below range** CRWV shares recently indicated to open at $40, matching the IPO price* Livingston, New Jersey-based co late Thurs announce...Reuters
Fri, Mar 28
US FDA declines to approve Milestone's heart rhythm nasal spray; shares halve
By Puyaan Singh and Siddhi MahatoleMarch 28 (Reuters) - Milestone Pharmaceuticals MIST.O said on Friday the U.S. health regulator had declined to approve its nasal spray to treat a type of heart condition and had called for an inspection of the facility that performs the testing of the drug.Shares o...Reuters
Fri, Mar 28
Robinhood Markets extend losses after Needham cuts PT
** Robinhood Markets' HOOD.O stock is down 6.6% at $41.11 on Fri after Needham analysts cut their price target citing downward revision in crypto trading volumes from retail customers partly offset by an increase in revenue from its prediction markets offering** HOOD is on track for the fourth s...Reuters
Fri, Mar 28
WF downgrades Bausch + Lomb on enVista recall giving a near-term uncertainty
Investing.com -- Wells Fargo downgraded Bausch + Lomb Corp to Equal Weight from Overweight on uncertainty from the voluntary recall of its enVista intraocular lenses (IOLs), which is expected to weighInvesting.com
Fri, Mar 28
LIVE MARKETS- Shock absorbers that could limit tariffs' inflation impact - at least, a little
S&P 500, Dow off >1%; Nasdaq slides >2%Comm svcs off most among S&P sectors; utilities only gainerEuro STOXX 600 index off ~0.8%Dollar, crude down; gold up; bitcoin down >3%U.S. 10-Year Treasury yield falls to ~4.27%Welcome to the home for real-time coverage of markets brought to yo...Reuters
Fri, Mar 28
