News
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US STOCKS SNAPSHOT-Futures extend losses after February inflation data
March 28 (Reuters) - U.S. stock index futures moved lower on Friday as investors assessed an in-line inflation report to gauge the trajectory of the Federal Reserve's monetary policy easing this year.The Commerce Department's report showed the Personal Consumption Expenditures Price index ro...Reuters
Fri, Mar 28
Which Dow Jones Stock Is Cheaper, Amgen or Merck?
Four of the 30 stocks that make up the Dow Jones Industrial Average represent the healthcare sector. Within that group, biotechnology giant Amgen (NASDAQ: AMGN) has been the best-performing stock in 2025, returning an impressive 21% year to date. Meanwhile, shares of its pharmaceutical rival Merck (...The Motley Fool
Fri, Mar 28
Citigroup raises PT on Southwest Airlines, says carrier's initiatives can cut costs
** Citigroup raises PT on Southwest Airlines LUV.N to $30 from $27; maintains "sell" rating** Carrier's strategic initiatives, such as reduced managerial headcount, could at least somewhat reduce its seat mile costs, says brokerage** New PT implies a 13% downside to stock's last clos...Reuters
Fri, Mar 28
UBS gets regulatory approval to fully own China securities joint venture
BEIJING, March 28 (Reuters) - UBS UBSG.S has received regulatory approval to fully own Beijing-headquartered UBS Securities, the Swiss bank said on Friday, completing a key step in its consolidation of business operations in China after its merger with Credit Suisse.With approval from the China Secu...Reuters
Fri, Mar 28
Better Buy: Bitcoin or Gold?
Crypto investors have long referred to Bitcoin as "digital gold." If that's the case, then Bitcoin (CRYPTO: BTC) -- just like gold -- should act as a hedge against the type of market volatility and economic uncertainty investors are currently experiencing.But consider what's happening right now. The...The Motley Fool
Fri, Mar 28
European outperformance even extends to tariff stocks
European shares have outperformed U.S. in the first quarter of the year - you may have noticed one or two mentions of it - but one interesting sub facet of that genre is that this applies to tariff sensitive stocks relative to the broader market as well, probably not a good sign for the future.
Reuters
Fri, Mar 28
Will a Big Acquisition Help This Market-Leading Company Dominate Its Industry?
Rocket Companies (NYSE: RKT) recently announced an agreement to acquire tech-focused real estate brokerage Redfin (NASDAQ: RDFN) in an all-stock deal. In this video, real estate expert and Redfin shareholder Matt Frankel, CFP® gives his take on the acquisition.*Stock prices used were the morning pri...The Motley Fool
Fri, Mar 28
Prediction: Micron Stock Will Soar Over the Next 3 Years. Here's 1 Reason Why.
Micron (NASDAQ: MU) hasn't received as much attention as other chip stocks like Nvidia in the artificial intelligence (AI) era, but the memory-chip maker is emerging as one of many winners from the emerging technology.Though the stock pulled back on its most recent earnings report, Micron's growth o...The Motley Fool
Fri, Mar 28
Bioatla Inc reports results for the quarter ended December 31 - Earnings Summary
Bioatla Inc BCAB.OQ reported a quarterly adjusted loss of 30 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -56 cents. The mean expectation of three analysts for the quarter was for a loss of 38 cents per share. Wall Str...Reuters
Fri, Mar 28
Lexicon surges on licensing deal with Novo Nordisk for obesity drug
** Shares of drug developer Lexicon Pharmaceuticals LXRX.O jump 108% to 72 cents premarket ** LXRX says it has entered into an agreement with Novo Nordisk NOVOb.CO to license its non-incretin based experimental drug for obesity and associated metabolic disorders** Lexicon will be eligible to receive...Reuters
Fri, Mar 28
Mega Matrix Inc. Announces 2024 Year-End Financial Results
SINGAPORE, March 27, 2025 /PRNewswire/ -- Mega Matrix Inc. ("MPU" or the "Company") (NYSE American: MPU), today announced year-end financial results for its fiscal year 2024 ended December 31, 2024. Financial Highlights In 2024, the Company's total annual revenu...PR Newswire
Fri, Mar 28
Bolt Biotherapeutics Inc reports results for the quarter ended December 31 - Earnings Summary
Bolt Biotherapeutics Inc BOLT.OQ reported a quarterly adjusted loss of 38 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -47 cents. The mean expectation of four analysts for the quarter was for a loss of 38 cents per sha...Reuters
Fri, Mar 28
Tempest Therapeutics Inc reports results for the quarter ended December 31 - Earnings Summary
Tempest Therapeutics Inc TPST.OQ reported a quarterly adjusted loss of 31 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -38 cents. The mean expectation of five analysts for the quarter was for a loss of 25 cents per sha...Reuters
Fri, Mar 28
Better Artificial Intelligence (AI) Stock: Nvidia vs. AMD
Artificial intelligence (AI) chip stocks are having a torrid time on the market in 2025, and that's not surprising. The sector has been hit hard by multiple headwinds of late, such as the viability of the huge sums being spent by tech giants on beefing up AI hardware and the growing concerns about a...The Motley Fool
Fri, Mar 28
Citigroup upgrades Camden Property, downgrades Federal Realty
** Citigroup hikes rating on REIT co Camden Property Trust CPT.N to "buy" from "hold"; raises PT to $138 from $125** Says stock’s valuation is attractive as rent growth will likely grow over the next year, given declining supply and strong demand** Brokerage cuts rating on Federal Re...Reuters
Fri, Mar 28
MECOM Power and Construction Limited (1183.HK) Announces 2024 Annual Results; Revenue Grew Steadily to MOP 1,506.6 Million
【Immediate Release】 28 March 2025MECOM Power and Construction Limited （Stock Code：1183.HK）Announces 2024 Annual ResultsRevenue Grew Steadily to MOP 1,506.6 MillionExpanding into the New Construction Materials Industry Chain whilst Extending Business Footprint to Hong Kong and SingaporeFinancial Highlights For the year ended 31 December 2024 MOP Million 2023 MOP Million Change Revenue 1,506.6 1,496.4 +0.7% Gross Profit 118.4 120.9 -2.1% Profit for the Year 4.1 5.6 -26.5% Gross Profit Margin 7.9% 8.1% -0.2p.p. Net Profit Margin 0.3% 0.4% -0.1 p.p. Aggregate Value of Contracts on Hand Yet to Complete - Construction Business 682.1 574.4 +18.7% - Steel Structures Business 618.1 466.8 +32.4% （Hong Kong – 28 March 2025）MECOM Power and Construction Limited (“MECOM” or the “Company”, stock code: 1183.HK, together with its subsidiaries, collectively the “Group”) is pleased to announce its annual results for the year ended 31 December 2024 (“FY2024” or “Year”).During the Year, the Group's revenue was primarily driven by its steel structure and construction businesses, which included construction and fitting out works, high voltage power substation construction and its system installation works, electrical and mechanical engineering services works, and provision of facilities management services. Total revenue for the Year increased by 0.7% YoY to MOP 1,506.6 million, with a gross profit of MOP 118.4 million and a net profit of MOP 4.1 million. The gross profit margin and the net profit margin remained steady. As of 31 December, 2024, the aggregate value of the Group's contracts on hand yet to complete stood at approximately MOP 1.3 billion (FY2023: approximately MOP 1.04 billion). In terms of new projects, the Group secured new construction contracts totaling approximately MOP 329.5 million, along with new material steel structures order contracts for a total of approximately 267,422 tonnes.Business OverviewDuring the Year, the tendering volume for public and private construction projects in Macau did not see significant surge in growth. In response, the Group actively pursued diversified development opportunities, successfully expanding into high-growth sectors such as smart data center construction and the new construction materials industry. Additionally, the Group broadened its business footprint to international markets, including Hong Kong and Singapore.As part of the Group’s expansion into the new construction materials industry chain, its steel structure business achieved steady growth, with revenue increasing by 8.0% YoY to MOP 1,113.2 million, making it the Group’s largest revenue contributor. The steel structures were mainly supplied to Macau and Hong Kong markets, mainly for public and private construction projects, including the design and construction works for Macau LRT East Line, Macau’s New Urban Zone Land Reclamation Project, and the Hong Kong-Shenzhen Innovation and Technology Park. The Group has put its manufacturing facilities into formal production and operation in early 2024. It established strategic partnership with Beijing Institute of Construction Mechanization to focus on research, development and promotion of green energy, new materials, and complete intelligent equipment, in an attempt to further expand market opportunities in Macau, Hong Kong and Singapore.The Group’s clients for its construction business mainly include casino operators, integrated entertainment and resort developers and operators. Throughout the Year, the Group successfully undertook a series of large-scale construction and fitting out projects, E&M engineering projects, and facility management services. Notable projects included i) the provision of repair and maintenance services for the air conditioning, electrical and building facilities of the Macao Cultural Centre Complex; ii) the provision of repair and maintenance services for the mechanical and electrical systems and equipment of the Macau Urban Development and Construction Exhibition Hall; iii) the structural steel corridors works for public housing construction projects; iv) the provision of facade lighting systems maintenance services for one of the major hotels; and v) the provision of repair and maintenance services for the peripheral facilities of the Frontier Post of Macao Port Administration Area of the Hong Kong-Zhuhai- Macau Bridge. These projects fully demonstrated our business capabilities and resilience.ProspectsAs we step into 2025, the market is expected to remain volatile with intense competition. However, new growth opportunities are also emerging, and we are committed to seizing them with determination. Macau government's ongoing economic diversification efforts and the rapid expansion of the integrated tourism and entertainment industry are expected to drive demand for infrastructure development, electromechanical engineering, and facility management services. Additionally, the accelerating wave of AI is fueling industrial upgrades, while the Macau government’s push for digital economic transformation is significantly increasing the demand for smart infrastructure, including data centers.Mr. Kuok Lam Sek, Chairman of the Board and Executive Director of MECOM, said “MECOM is committed to seizing Macau’s growth opportunities by undertaking a broader range of engineering projects and increasing our market share. As Macau deepens its integration into the Greater Bay Area’s one-hour living circle, rising visitor traffic and government-led urban planning initiatives will drive demand for infrastructure, E&M engineering, and facility management services. Looking ahead, we are advancing our intelligent rebar production line, leveraging remote control, robotics, and precision manufacturing to enhance efficiency and competitiveness. We will then be enabled to further expand into China and Southeast Asia, secure more contracts, and strengthen our market presence. By embracing innovation and sustainable development, we are committed to reinforcing our industry leadership and driving long-term business growth."About MECOM Power and Construction LimitedMECOM is a well-known integrated construction contractor in Macau and listed on the Hong Kong Stock Exchange on February 13, 2018. It specializes in the construction and maintenance of difficult and complex construction projects (especially including steel structures), high voltage power substation construction projects, facilities management and maintenance works for large-scale hotel/entertainment venues. MECOM has established a production facility in Jiangmen, Guangdong Province, expanding to research and development of new structural materials, electric vehicle charging and distribution business, as well as undertaking data center construction projects and maintenance.With an extensive portfolio of proprietary equipment and a diverse client base, MECOM maintains a strong cash flow position. Among its most notable projects include a large-scale integrated resort in Cotai, the world’s largest water-based performance venue, and the world’s first luxury hotel skyscraper featuring a free-form exoskeleton structure.Company Website: http://www.mecommacau.com/index.htmlFile: Press Release_MECOM Power and Constructions Limited Announces 2024 Annual Results_EN28/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Fri, Mar 28
MECOM Power and Construction Limited (1183.HK) Announces 2024 Annual Results; Revenue Grew Steadily to MOP 1,506.6 Million
【Immediate Release】 28 March 2025MECOM Power and Construction Limited （Stock Code：1183.HK）Announces 2024 Annual ResultsRevenue Grew Steadily to MOP 1,506.6 MillionExpanding into the New Construction Materials Industry Chain whilst Extending Business Footprint to Hong Kong and SingaporeFinancial Highlights For the year ended 31 December 2024 MOP Million 2023 MOP Million Change Revenue 1,506.6 1,496.4 +0.7% Gross Profit 118.4 120.9 -2.1% Profit for the Year 4.1 5.6 -26.5% Gross Profit Margin 7.9% 8.1% -0.2p.p. Net Profit Margin 0.3% 0.4% -0.1 p.p. Aggregate Value of Contracts on Hand Yet to Complete - Construction Business 682.1 574.4 +18.7% - Steel Structures Business 618.1 466.8 +32.4% （Hong Kong – 28 March 2025）MECOM Power and Construction Limited (“MECOM” or the “Company”, stock code: 1183.HK, together with its subsidiaries, collectively the “Group”) is pleased to announce its annual results for the year ended 31 December 2024 (“FY2024” or “Year”).During the Year, the Group's revenue was primarily driven by its steel structure and construction businesses, which included construction and fitting out works, high voltage power substation construction and its system installation works, electrical and mechanical engineering services works, and provision of facilities management services. Total revenue for the Year increased by 0.7% YoY to MOP 1,506.6 million, with a gross profit of MOP 118.4 million and a net profit of MOP 4.1 million. The gross profit margin and the net profit margin remained steady. As of 31 December, 2024, the aggregate value of the Group's contracts on hand yet to complete stood at approximately MOP 1.3 billion (FY2023: approximately MOP 1.04 billion). In terms of new projects, the Group secured new construction contracts totaling approximately MOP 329.5 million, along with new material steel structures order contracts for a total of approximately 267,422 tonnes.Business OverviewDuring the Year, the tendering volume for public and private construction projects in Macau did not see significant surge in growth. In response, the Group actively pursued diversified development opportunities, successfully expanding into high-growth sectors such as smart data center construction and the new construction materials industry. Additionally, the Group broadened its business footprint to international markets, including Hong Kong and Singapore.As part of the Group’s expansion into the new construction materials industry chain, its steel structure business achieved steady growth, with revenue increasing by 8.0% YoY to MOP 1,113.2 million, making it the Group’s largest revenue contributor. The steel structures were mainly supplied to Macau and Hong Kong markets, mainly for public and private construction projects, including the design and construction works for Macau LRT East Line, Macau’s New Urban Zone Land Reclamation Project, and the Hong Kong-Shenzhen Innovation and Technology Park. The Group has put its manufacturing facilities into formal production and operation in early 2024. It established strategic partnership with Beijing Institute of Construction Mechanization to focus on research, development and promotion of green energy, new materials, and complete intelligent equipment, in an attempt to further expand market opportunities in Macau, Hong Kong and Singapore.The Group’s clients for its construction business mainly include casino operators, integrated entertainment and resort developers and operators. Throughout the Year, the Group successfully undertook a series of large-scale construction and fitting out projects, E&M engineering projects, and facility management services. Notable projects included i) the provision of repair and maintenance services for the air conditioning, electrical and building facilities of the Macao Cultural Centre Complex; ii) the provision of repair and maintenance services for the mechanical and electrical systems and equipment of the Macau Urban Development and Construction Exhibition Hall; iii) the structural steel corridors works for public housing construction projects; iv) the provision of facade lighting systems maintenance services for one of the major hotels; and v) the provision of repair and maintenance services for the peripheral facilities of the Frontier Post of Macao Port Administration Area of the Hong Kong-Zhuhai- Macau Bridge. These projects fully demonstrated our business capabilities and resilience.ProspectsAs we step into 2025, the market is expected to remain volatile with intense competition. However, new growth opportunities are also emerging, and we are committed to seizing them with determination. Macau government's ongoing economic diversification efforts and the rapid expansion of the integrated tourism and entertainment industry are expected to drive demand for infrastructure development, electromechanical engineering, and facility management services. Additionally, the accelerating wave of AI is fueling industrial upgrades, while the Macau government’s push for digital economic transformation is significantly increasing the demand for smart infrastructure, including data centers.Mr. Kuok Lam Sek, Chairman of the Board and Executive Director of MECOM, said “MECOM is committed to seizing Macau’s growth opportunities by undertaking a broader range of engineering projects and increasing our market share. As Macau deepens its integration into the Greater Bay Area’s one-hour living circle, rising visitor traffic and government-led urban planning initiatives will drive demand for infrastructure, E&M engineering, and facility management services. Looking ahead, we are advancing our intelligent rebar production line, leveraging remote control, robotics, and precision manufacturing to enhance efficiency and competitiveness. We will then be enabled to further expand into China and Southeast Asia, secure more contracts, and strengthen our market presence. By embracing innovation and sustainable development, we are committed to reinforcing our industry leadership and driving long-term business growth."About MECOM Power and Construction LimitedMECOM is a well-known integrated construction contractor in Macau and listed on the Hong Kong Stock Exchange on February 13, 2018. It specializes in the construction and maintenance of difficult and complex construction projects (especially including steel structures), high voltage power substation construction projects, facilities management and maintenance works for large-scale hotel/entertainment venues. MECOM has established a production facility in Jiangmen, Guangdong Province, expanding to research and development of new structural materials, electric vehicle charging and distribution business, as well as undertaking data center construction projects and maintenance.With an extensive portfolio of proprietary equipment and a diverse client base, MECOM maintains a strong cash flow position. Among its most notable projects include a large-scale integrated resort in Cotai, the world’s largest water-based performance venue, and the world’s first luxury hotel skyscraper featuring a free-form exoskeleton structure.Company Website: http://www.mecommacau.com/index.htmlFile: Press Release_MECOM Power and Constructions Limited Announces 2024 Annual Results_EN28/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Fri, Mar 28
MORNING BID AMERICAS-Trade worries entrenched
What matters in U.S. and global markets todayBy Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets It's Friday, so today I'll provide a quick overview of what's happening in global markets and then offer you some weekend reading suggestions away from the headlines....Reuters
Fri, Mar 28
PayPal slips after lawmaker says EU could charge fees on co in US tariff dispute
** Shares of payments firm PayPal PYPL.O fell as much as 1.4%, and were last trading 0.8% lower at $68.31 premarket** A senior European lawmaker said on Friday the European Union could charge fees on co as part of a tariff dispute with the United States** Separately on Friday, a German government sp...Reuters
Fri, Mar 28
Milestone Pharma slumps after FDA declines to approve heart rhythm nasal spray
** Shares of drug developer Milestone Pharmaceuticals MIST.O fall 62.7% to 84 cents premarket** US FDA declined to approve MIST's nasal spray, Cardamyst, to treat a type of heart condition, company says** FDA raised no concerns about clinical safety or efficacy, but highlighted two key chemistry...Reuters
Fri, Mar 28
