News
Important Only
APA Corp rises after report says it reduced nearly 15% of workers
** Shares of U.S.-based oil producer APA Corp APA.O up 2.3% at $20.65** Company has laid off about 300 employees globally to reduce costs, Bloomberg News reports** This amounts to between 10% and 15% of the company's workforce worldwide, the report says, citing an emailed response to questions**...Reuters
Wed, Mar 19
Service Properties Trust up on Wells Fargo upgrade
** Shares of Service Properties Trust SVC.O jump 18% to $2.94** Wells Fargo raises SVC's rating to "overweight" from "underweight", raises PT to $4 from $2.50** Over the next month, expect progress towards SVC's $1.1 billion in dispositions to be announced - brokerage** Wells...Reuters
Wed, Mar 19
LIVE MARKETS-Two for the seesaw: Mortgage rates gain heat, demand falls
US indexes rise: Nasdaq out front, up ~1%Cons Disc leads S&P 500 sector gainers; Real Est weakest groupEuro STOXX 600 index edges up ~0.2%Dollar, crude rally; bitcoin up >2.5%; gold slipsUS 10-Year Treasury yield edges up to ~4.30%Welcome to the home for real-time coverage of markets brought ...Reuters
Wed, Mar 19
Ferrexpo shares tumble on surprise loss, struggling Ukraine peace efforts
Shares have fallen 67% since Russia-Ukraine war beganFerrexpo faces legal issues in UkraineReports $50 million loss for 2024By Yamini Kalia March 19 (Reuters) - Ferrexpo's FXPO.L shares plummeted on Wednesday following its announcement of a surprise loss and after fledgling efforts by U.S. Pr...Reuters
Wed, Mar 19
California utility PG&E edges down as UBS downgrades to 'neutral'
** PG&E Corp's PCG.N shares down 1.1% at $17.02 on Weds after UBS cuts rating to 'neutral' from 'buy'** Brokerage reduces PT of Oakland, California-based electric utility by $3 to $19** UBS cites potential depletion of the state's wildfire insurance fund due to the Eaton ...Reuters
Wed, Mar 19
South African rand steady after local inflation, Fed in focus
JOHANNESBURG, March 19 (Reuters) - The South African rand was steady on Wednesday after statistics agency data showed the country's year on year inflation rate remained unchanged in February.At 1506 GMT, the rand traded at 18.1325 against the dollar ZAR=D3, near its previous close of 18.1350.Inv...Reuters
Wed, Mar 19
GLOBAL MARKETS-Wall St gains ahead of Fed decision; dollar firms as Turkish lira slides
U.S. stocks rally on tech strength European stocks little changedFed's economic projections; dot plot eyedTurkish assets drop after arrest of Erdogan rivalBy Stephen Culp NEW YORK, March 19 (Reuters) - U.S. stocks advanced and bitcoin rebounded on Wednesday as markets awaited the rate decisio...Reuters
Wed, Mar 19
Why Signet Jewelers Stock Shined Brightly Today
Signet Jewelers (NYSE: SIG) stock exploded 22.2% higher through 10 a.m. ET after beating earnings forecasts Wednesday morning.Heading into the report, analysts forecast that the retailer would earn $6.25 per share in its fiscal Q4 2025 on sales of just over $2.3 billion. (Note that the company's fis...The Motley Fool
Wed, Mar 19
EMERGING MARKETS-Latam FX down in lead-up to Fed rate decision; Turkish assets slide
US Fed rate decision at 2:00 p.m. ETBrazil rate verdict awaited, expected to hikeTurkish lira hits record low, local stocks plunge By Shashwat Chauhan March 19 (Reuters) - Most Latin American currencies fell on Wednesday, as risk assets took a hit after Turkish authorities detained President Tayy...Reuters
Wed, Mar 19
CANADA STOCKS-TSX rises ahead of Fed rate decision
By Nikhil Sharma March 19 (Reuters) - Canada's main stock index rose about 1% on Wednesday, mirroring the positive sentiment on Wall Street as investors awaited the U.S. Federal Reserve's interest rate verdict due later in the day.The Toronto Stock Exchange's S&P/TSX composite ind...Reuters
Wed, Mar 19
Why Boeing Stock Flew Higher Today
Boeing (NYSE: BA) stock soared 6.5% through 10:30 a.m. ET Wednesday morning after positive comments from CFO Brian West encouraged buyers to return to the stock.Speaking at a Bank of America Global Industrials Conference, West delivered positive updates on Boeing's increasing 737 production and stab...The Motley Fool
Wed, Mar 19
LIVE MARKETS-Foreign ownership of US stocks - a risk for Wall St?
US indexes rise: Nasdaq out front, up 0.7%Energy leads S&P 500 sector gainers; Real Estate weakest groupEuro STOXX 600 index edges up ~0.1%Dollar rises; bitcoin up 2.8%; crude up, gold slipsUS 10-Year Treasury yield rises to ~4.30%Welcome to the home for real-time coverage of markets brought to ...Reuters
Wed, Mar 19
CEO Brad Garlinghouse Just Sent XRP (Ripple) Soaring
Since the late afternoon yesterday, the price of XRP (CRYPTO: XRP) had zipped roughly 10% higher as of 10:16 a.m. ET. Ripple CEO Brad Garlinghouse announced in a video on X that the U.S. Securities and Exchange Commission (SEC) plans to drop its appeal in a long-standing lawsuit against Ripple, the ...The Motley Fool
Wed, Mar 19
Williams-Sonoma sinks after dour annual margin forecast
** Shares of Pottery Barn owner Williams-Sonoma WSM.N fall as much as 13.5% at $149.06 in early trade** Stock set for its worst day since May 2022 if losses hold** Co sees fiscal year 2025 operating margin below what it reported for 2024** Brokerage RBC Capital Markets notes gross margin gains fadin...Reuters
Wed, Mar 19
Monness Crespi Hardt starts Strategy at Neutral, sees fair value at $200 a share
Investing.com -- Monness Crespi Hardt initiated coverage of Strategy (formerly MicroStrategy) with a Neutral rating in a note Wednesday, citing a fair value of approximately $200 per share. The firm vInvesting.com
Wed, Mar 19
REFILE-LIVE MARKETS-Nothing new here as Nvidia reiterates AI roadmap
US indexes rise: Nasdaq out front, up 0.9%Tech leads S&P 500 sector gainers; Real Estate weakest groupEuro STOXX 600 index is ~flat off 0.01%Dollar rises; bitcoin up >2.5%; crude flat, gold slipsUS 10-Year Treasury yield rises to ~4.30%Welcome to the home for real-time coverage of markets bro...Reuters
Wed, Mar 19
