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Insurer ProAssurance soars on $1.3 billion buyout deal with Doctors Company
** Specialty insurer ProAssurance's PRA.N shares jump 52.3% to $23.71 in extended trade** Medical malpractice insurer Doctors Company has agreed to buy PRA in a $1.3 billion deal, the companies say** PRA shareholders will receive $25 in cash for each share held, representing 60.9% premium to sto...Reuters
Wed, Mar 19
Stellar V Capital Corp separates trading of class A ordinary shares and warrants
March 19 (Reuters) - Stellar V Capital Corp SVCCU.O:STELLAR V CAPITAL CORP -SEPARATE TRADING OF ITS CLASS A ORDINARY SHARES AND WARRANTS COMMENCING MARCH 24STELLAR V CAPITAL CORP -CLASS A ORDINARY SHARES AND WARRANTS THAT ARE SEPARATED WILL TRADE ON NASDAQ UNDER SYMBOLS “SVCC” AND “SVCCW”Source text...Reuters
Wed, Mar 19
GLOBAL MARKETS-Wall Street ends higher, Treasury yields slip as Fed sees rate cuts this year
Fed leaves interest rates unchanged, lowers economic outlookCentral bank forecasts 50 basis points of rate cuts in 2025European stocks nab fourth straight day of gainsTurkish assets drop after arrest of Erdogan rivalBy Stephen Culp NEW YORK, March 19 (Reuters) - U.S. stocks bounced on Wednesday a...Reuters
Wed, Mar 19
Australia's Myer's expanded loyalty program could bring cost savings, says Morningstar
** Department store Myer's MYR.AX first-half profit before borrowing costs and taxes fell by 22% to A$59 million, while sales remained steady at A$1.8 bln** Morningstar attributes profit decrease to supply chain issues and increased costs at firm's distribution center, which is expected to c...Reuters
Wed, Mar 19
Microchip Technology launches $1.35 bln offering of depositary shares
March 19 (Reuters) - Microchip Technology Inc MCHP.O:MICROCHIP TECHNOLOGY ANNOUNCES LAUNCH OF OFFERING OF DEPOSITARY SHARES REPRESENTING INTERESTS IN SERIES A MANDATORY CONVERTIBLE PREFERRED STOCKMICROCHIP TECHNOLOGY: LAUNCH OF AN UNDERWRITTEN PUBLIC OFFERING OF $1.35 BILLION OF DEPOSITARY SHARESReuters
Wed, Mar 19
Akebia Therapeutics dives on stock offering plans
** Akebia Therapeutics' AKBA.O shares down 25% in extended trading to $2.13 as co looks to raise equity** Cambridge, Massachusetts-based biopharma focused on kidney disease commences stock offering; deal size not disclosed** Leerink Partners and Piper Sandler are jt bookrunners** With ~236.2 mln...Reuters
Wed, Mar 19
CANADA STOCKS-TSX posts biggest gain in 7 months after Fed rate decision
TSX ends up 1.47% at 25,069.21Posts its biggest gain since August 8Technology gains 3%, led by ShopifyAlimentation Couche-Tard adds 6.3%By Fergal Smith March 19 (Reuters) - Canada's main stock index rose to a near three-week high on Wednesday as energy and technology shares led a broad-based ...Reuters
Wed, Mar 19
US STOCKS-Wall Street rallies after Fed keeps rates unchanged
Fed keeps rates unchanged as widely expectedCentral bank to taper drawdown of its balance sheetPowell signals tariff impact tough to determineIndexes up: Dow 0.92%, S&P 500 1.08%, Nasdaq 1.41%By Chuck Mikolajczak NEW YORK, March 19 (Reuters) - U.S. stocks rallied on Wednesday after the Fe...Reuters
Wed, Mar 19
LIVE MARKETS-US stocks take solace in a Fed that stayed steady
Main indexes end higher; Nasdaq leads, up ~1.4%FOMC leaves rates unchanged; projects two rate cuts this yearDollar, crude, gold higher on the day; bitcoin up >4%US 10-Year Treasury yield dips to ~4.24%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You c...Reuters
Wed, Mar 19
Five Below rises after upbeat forecasts
** Shares of discount store operator Five Below FIVE.O up 2.8% at $77.61 after the bell** FIVE sees Q1 net sales between $905 million and $925 million, above an estimate of $898.1 million, according to data compiled by LSEG ** Expects FY2025 net sales between $4.21 billion and $4.33 billion, the mid...Reuters
Wed, Mar 19
EMERGING MARKETS-Latam FX mixed, stocks higher after Fed holds rates; Turkish assets slide
US Fed holds rates, slows balance sheet drawdownBrazil rate verdict awaited, expected to hikeTurkish lira hits record low, local stocks plunge Latam FX up 0.2%, stocks climb 1%By Shashwat Chauhan and Purvi Agarwal March 19 (Reuters) - Latin American currencies were mixed on Wednesday after the U....Reuters
Wed, Mar 19
Why Tencent Rose Today
Shares of Chinese big tech stock Tencent (OTC: TCEHY) rallied today, increasing as much as 3.4%, before settling into a more modest 0.7% gain as of 2:43 p.m. ET.Tencent is arguably China's best technology company. It owns WeChat, China's dominant 1.39 billion-user social media network; is China's le...The Motley Fool
Wed, Mar 19
US STOCKS-Wall Street rallies after Fed keeps rates unchanged
Fed keeps rates unchanged as widely expectedCentral bank to taper drawdown of its balance sheetPowell signals tariff impact tough to determineBy Chuck Mikolajczak NEW YORK, March 19 (Reuters) - U.S. stocks rallied on Wednesday after the Federal Reserve kept rates unchanged as widely expected,...Reuters
Wed, Mar 19
COLUMN-Muddled inflation expectations no help for Fed: McGeever
By Jamie McGeeverORLANDO, Florida, March 19 (Reuters) - Keeping inflation expectations under control is arguably a central bank's most important job. But it is also one of the most challenging given that the picture painted by the surveys, models and market prices relied on by policymakers is, a...Reuters
Wed, Mar 19
Why Bitcoin, Ethereum, and Dogecoin Are Soaring Today
The "big three" cryptocurrencies are on the move today. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) are up 2.9%, 7.3%, and 3%, respectively, as of 2:30 p.m. ET. Earlier in the day, however, they were up as much as 3.6%, 8.7%, and 4.7%, respectively. The S&P 500 is up 0...The Motley Fool
Wed, Mar 19
Why Roku Stock Is Soaring Today
Roku (NASDAQ: ROKU) stock is surging Wednesday. The streaming specialist's share price was up 9.2% as of 3:15 p.m. ET, and had been up as much as 10.5% earlier in the daily session.Roku is getting a big boost from positive analyst coverage today. Guggenheim Securities published a note on the stock b...The Motley Fool
Wed, Mar 19
Why Intel Stock Is Sinking Today
Intel (NASDAQ: INTC) stock is seeing a big sell-off in Wednesday's trading due to chip foundry news. The semiconductor company's share price was down 7.1% as of 3 p.m. ET.Intel is losing ground following recent comments from a member of Taiwan Semiconductor Manufacturing's board of directors. The of...The Motley Fool
Wed, Mar 19
Amazon loses appeal against $812.4 mln fine; shares rise after Fed decision
** Amazon AMZN.O up ~1%, despite losing appeal against 746 mln euro ($812.4 million) fine by Luxembourg's privacy regulator ** AMZN gain was in line with a rally on Wall Street, after the Federal Reserve kept rates unchanged** Luxembourg court dismissed AMZN's appeal, upholding the fine for...Reuters
Wed, Mar 19
Coherent rises after optics tie-up with Nvidia
** Shares of optoelectronics firm Coherent COHR.N last up 7.3% at $70.14 on Weds after co announced collaboration with chipmaker titan Nvidia NVDA.O** Saxonburg, Pennsylvania firm late Tues said NVDA tie-up on silicon photonics networking switches to use co-packaged optics (CPO)** The ecosystem will...Reuters
Wed, Mar 19
