News
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Kyndryl falls after Gotham City issues new report
** Shares of technology services company Kyndryl Holdings KD.N fall 11.2% to $30.24** Short-seller fund Gotham City Research issues report saying KD manipulates reported adj. EBITDA and adj. free cash flow to artificially give the appearance that it generates profits and cash flow; while in reality,...Reuters
Thu, Mar 27
Latham, Northwestern seek fees from conservative group in bias case
By David Thomas and Mike Scarcella March 27 (Reuters) - (Billable Hours is Reuters' weekly report on lawyers and money. Please send tips or suggestions to D.Thomas@thomsonreuters.com) Northwestern University and its lawyers at Latham & Watkins have asked a judge to award them attorney...Reuters
Thu, Mar 27
HEDGE FLOW-Hedge funds short Nvidia, Tesla and AMD, Morgan Stanley says
By Carolina Mandl NEW YORK, March 27 (Reuters) - Hedge funds are increasingly betting against stocks, with Nvidia NVDA.O, Advanced Micro Devices AMD.O and Tesla TSLA.O as their top three shorts placed on Wednesday, a Morgan Stanley note showed on Thursday.Wednesday was the third largest day of si...Reuters
Thu, Mar 27
Piper Sandler cuts PT on agri-chemical companies amid tariff uncertainty
** Piper Sandler reduces PT on agricultural commodities traders to reflect market uncertainty tied to potential tariffs and trade retaliation** Brokerage says key risk is largely macro related and would be tied to the possibility of retaliatory tariff on U.S. agricultural products, especially from C...Reuters
Thu, Mar 27
Ouster gets 'outperform' rating as Oppenheimer initiates coverage on AI-enhanced lidar sensors
** Brokerage Oppenheimer starts coverage on lidar sensor maker Ouster OUST.O with "outperform" rating and $16 PT** New PT represents 50.6% upside to the stock's last close** Brokerage says OUST is positioned for growth in the industrial AI space, particularly in the US and western Europe...Reuters
Thu, Mar 27
Tesla, EV peers gain on limited tariff exposure, bucking broader auto-sector slump
** Tesla's TSLA.O shares rise along with EV making peers, while other automakers slump on fears of hit from new US taxes on auto imports** While CEO Musk warns of "significant" impact, analysts say Tesla's exposure is limited due to a US-centric supply chain** TSLA up 5.8% at $287.78...Reuters
Thu, Mar 27
Impact of NIH job cuts "better than feared" for life sciences firms, Leerink says
** The job cuts at the National Institutes of Health is "better than feared" signaling a "less bad" year compared to prior expectations for tools and diagnostics firms, brokerage Leerink Partners says** The U.S. Department of Health and Human Services will cut about 10,000 full-time ...Reuters
Thu, Mar 27
Kyndryl shares slump after Gotham City alleges it manipulated metrics
March 27 (Reuters) - Shares of Kyndryl KD.N fell nearly 13% on Thursday, after a research report from short-seller Gotham City alleged the IT services provider has manipulated certain financial metrics. Gotham City said Kyndryl manipulated its reported adjusted EBITDA and adjusted free cash flow to ...Reuters
Thu, Mar 27
Bitfarms Ltd reports results for the quarter ended December 31 - Earnings Summary
Bitfarms Ltd BITF.TO reported quarterly adjusted earnings of 3 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -19 cents. The mean expectation of six analysts for the quarter was for a loss of 4 cents per share. Wall Stre...Reuters
Thu, Mar 27
U.S. STOCKS ON THE MOVE-Rigel Pharma, Concentrix, Avis Budget
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes slipped on Thursday, as President Donald Trump's latest tariff gambit sent auto stocks into a tailspin, while investors sifted through a slew of economic i...Reuters
Thu, Mar 27
GameStop tumbles after $1.3 bln convertible debt unveil for bitcoin buys
** GameStop's GME.N shares tumble 15.5% to $23.95, and on track for their biggest daily pct drop since Jun 2024, as co seeks capital raise to purchase bitcoin BTC=** Video game retailer late Weds announced it's offering privately $1.3 bln 0% 5-yr convertible bonds (CBs)** GME shares finished...Reuters
Thu, Mar 27
Wells Fargo cuts rating on Omega Healthcare to 'equal-weight'
** Wells Fargo cuts rating on healthcare real estate investment trust Omega Healthcare Investors OHI.N to "equal-weight" from "overweight"** Cuts target price to $39 for $41, representing ~3% upside to stock's last close** REITs that own skilled nursing facilities (SNFs) have bee...Reuters
Thu, Mar 27
Ultragenyx Pharma up after JPMorgan PT raise
** Shares of drugmaker Ultragenyx Pharmaceutical RARE.O rise 2% to $38.75** JPMorgan raises RARE's target price to $117 from $104** Believes RARE is uniquely positioned in the long term with a broad and diverse pipeline of orphan disease assets and a highly regarded management team - JPMorgan **...Reuters
Thu, Mar 27
GLOBAL MARKETS-Stocks dip, gold hits record, after Trump's latest tariff salvo
Auto stocks fall on latest Trump tariff shotDollar up against Canadian dollar, Mexican pesoGold hits record highBy Chuck Mikolajczak NEW YORK, March 27 (Reuters) - Global stocks dipped and gold hit a record high on Thursday in the wake of U.S. President Donald Trump's latest tariffs that ...Reuters
Thu, Mar 27
Airbnb's first promotion a clear sign of its cross vertical ambitions: Bernstein
Investing.com -- Airbnb has launched its first-ever self-funded promotion, offering a 10% credit toward future stays or experiences on its platform when users book through HotelTonight, its last-minutInvesting.com
Thu, Mar 27
LIVE MARKETS-Prelude to PCE: GDP, jobless claims, pending home sales, et al
Main US indexes turn modestly greenCons disc up most among S&P 500 sectors; tech biggest laggardEuro STOXX 600 index down ~0.5%Dollar, bitcoin, crude decline; gold surges >1%U.S. 10-Year Treasury yield rises to ~4.38%Welcome to the home for real-time coverage of markets brought to you by Reut...Reuters
Thu, Mar 27
Car rental firms Avis Budget, Hertz shares surge
** Shares of some car rental firms surge in morning trading ** Avis Budget Group CAR.O and Hertz Global Holdings HTZ.O both up 24% ** U.S. President Donald Trump's plan of 25% tariffs on imported cars and light trucks raised prospects of consumers opting for car rentals instead of buying expensi...Reuters
Thu, Mar 27
FACTBOX-What's in Trump's new 25% tariffs on US auto imports?
March 27 (Reuters) - President Donald Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would kick in next week.Trump will impose a 25% tariff - on top of previous duties - on imports of finished vehicl...Reuters
Thu, Mar 27
Jefferies plunges on profit miss, drags down rival investment banks
** Shares of investment bank Jefferies JEF.N fall ~9% to $54.99, with the sell-off spilling into the broader investment banking sector** Co's Q1 profit missed Wall Street estimates after market on Wednesday as bond trading weakened and deals were stalled due to uncertainty sparked by shifting U....Reuters
Thu, Mar 27
