News
Important Only
South African rand gains even as ties with US plumb new lows
JOHANNESBURG, March 17 (Reuters) - The rand firmed on Monday against a weaker dollar, as market participants appeared to shrug off the United States' decision late last week to expel South Africa's ambassador in yet another sign of the two countries' rapidly souring relations.At 1501 GMT...Reuters
Mon, Mar 17
Why Netflix Stock Is Surging Today
Netflix (NASDAQ: NFLX) stock is moving higher in Monday's trading following bullish analyst coverage. The company's share price was up 3.7% as of 10:45 a.m. ET and had been up as much as 4.7% earlier in trading.MoffettNathanson published new coverage on Netflix this morning, raising its rating on th...The Motley Fool
Mon, Mar 17
Wells Fargo upgrades American Tower and Crown Castle on improving market conditions
** Brokerage Wells Fargo upgrades wireless tower operators American Tower AMT.N to "overweight" from "equal weight" and Crown Castle CCI.N to "equal weight" from "underweight" ** Raises PT of AMT to $230 from $210 and CCI to $105 from $85** Brokerage is increasingly ...Reuters
Mon, Mar 17
EMERGING MARKETS-Latam FX trends higher at start of rate verdict-packed week
U.S. Fed, Brazil Central Bank rate decisions on WednesdayChile interest rate decision on FridayMexican stock market closed for public holiday Latam stocks up 0.8%, FX adds 0.4%By Shashwat Chauhan March 17 (Reuters) - Most Latin American currencies perked up against a weakening dollar on Monday, k...Reuters
Mon, Mar 17
GLOBAL MARKETS-US stocks mixed as European shares shine, oil rises
US retail data shows underlying consumer resiliencyOil prices hover at two-week highs on Yemen attacks, China dataGermany debt reform boosts European stocksBy Stephen Culp NEW YORK, March 17 (Reuters) - Wall Street stocks struggled to follow their European counterparts higher on Monday after mixe...Reuters
Mon, Mar 17
Why Rocket Lab Rocketed on Monday
Rocket Lab (NASDAQ: RKLB) stock leapt 5.2% through 10:05 a.m. ET Monday morning, after the company conducted another successful space launch over the weekend.On Saturday, Rocket Lab conducted its second launch for Japanese customer Institute for Q-shu Pioneers of Space, Inc. (iQPS), delivering the l...The Motley Fool
Mon, Mar 17
PepsiCo rises on nearly $2 billion deal to buy prebiotic soda brand Poppi
** Frito-Lay maker PepsiCo's PEP.O shares rise 2% to $151.58** PEP says it will buy prebiotic soda brand Poppi for $1.95 billion, expanding in the "healthier soda" category at a time when the company is battling falling demand for its traditional beverages and snacks** The deal with Popp...Reuters
Mon, Mar 17
Asset manager Blackstone rises after UBS upgrades to 'buy'
** Alternative asset manager Blackstone's BX.N shares rise 2.3% to $144.12** UBS upgrades BX to "buy" from "neutral"; maintains $180 PT, a 27.8% upside to stock's last close** Brokerage says the recent sell-off in BX provides a window to invest in a premier franchise with att...Reuters
Mon, Mar 17
Why SAIC Stock Is Up Today
Defense IT specialist Science Applications International (NASDAQ: SAIC) delivered better-than-expected earnings, easing concerns about pullbacks as part of the government's efficiency push. Investors applauded the results, sending SAIC shares up 13% as of 10 a.m. ET.Strong margin performanceSAIC is ...The Motley Fool
Mon, Mar 17
CANADA STOCKS-TSX rises as commodity-linked shares advance
By Nikhil Sharma March 17 (Reuters) - Canada's main stock index rose on Monday, led by gains in energy and mining shares, coupled with a slightly upbeat sentiment on Wall Street after U.S. economic data.The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 0.54% at 24,68...Reuters
Mon, Mar 17
Gold miners gain as bullion prices edge higher
** Shares of gold miners up, tracking rise in prices of bullion GOL/** Spot gold XAU= up 0.5% at $2,998.35/ounce, having hit record high of $3,004.86/ounce on Friday** Gold prices were steady, sitting just below $3,000/ounce-mark that was broken last week, with focus on trade tariffs and Federal Res...Reuters
Mon, Mar 17
US energy stocks rise on higher crude prices
** S&P 500 Energy index .SPNY rises 1.3%, tracking an increase in oil prices O/R** Brent crude futures LCOc1 and U.S. West Texas Intermediate crude futures CLc1 both up roughly 1% at $71.16/barrel and $67.74/barrel, respectively** Prices gained after the U.S. vowed to keep attacking Yemen's ...Reuters
Mon, Mar 17
Defence firm QinetiQ warns of US, UK contract award delays, shares fall
Forecasts fiscal 2025 organic revenue growth of about 2%UK Intelligence and Global Solutions businesses face contract delaysShares fall as much as 22.2% March 17 (Reuters) - British defence and security company QinetiQ QQ.L warned on Monday of delays in short-term contracts being awarded in the U...Reuters
Mon, Mar 17
Walmart's US e-commerce profitability could arrive as soon as Q1: Morgan Stanley
Investing.com -- Walmart’s long-awaited U.S. e-commerce profitability could arrive as soon as the first quarter of fiscal 2025 (1Q25), according to Morgan Stanley (NYSE:MS). In a note on Monday, theInvesting.com
Mon, Mar 17
Banc of California up after authorizing $150 million stock repurchase program
** Regional lender Banc of California's BANC.N shares rise 1% to $14.10** BANC says its board has authorized the repurchase of up to $150 million worth of its shares** Purchases may be made in open-market transactions, block transactions, and privately negotiated transactions, among other means*...Reuters
Mon, Mar 17
LIVE MARKETS-RBC cuts S&P 500 year-end target to 6,200
Dow, S&P 500 modestly green, Nasdaq now negativeReal Est leads S&P 500 sector gainers; Cons Disc weakest groupEuro STOXX 600 index up ~0.7%Dollar down; bitcoin ~flat; gold, crude riseU.S. 10-Year Treasury yield edges down to ~4.29%Welcome to the home for real-time coverage of markets brought...Reuters
Mon, Mar 17
Joby lifts after air-taxi deal with Virgin Atlantic in UK
** Joby Aviation's JOBY.N shares up 2% at $6.37 early Mon after co announced tie-up with Virgin Atlantic** Santa Cruz, California-based firm on Sat said will partner with Virgin Atlantic on launch of Joby's air taxi service in the UK** Partnership builds on its existing agreement with Delta ...Reuters
Mon, Mar 17
