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Minicone-led Mereo Advisors rebrands as Cedar Trace
By Michael LoneyJune 9 - (The Insurer) - Bermuda-based (re)insurance and asset management group Mereo Advisors Group, which has a close alignment with startup reinsurer Mereo Insurance Limited, has rebranded as Cedar Trace.Cedar Trace’s business and management team remain the same. The company offer...Reuters
Mon, Jun 9
US STOCKS-S&P 500 climbs; traders watch US-China trade talks
Robinhood falls after platform left out of S&P 500Warner Bros shares dip after co said it plans to split businessesMcDonald's falls after Morgan Stanley downgradeS&P 500 +0.30%, Nasdaq +0.43%, Dow +0.25%By Noel Randewich and Kanchana Chakravarty June 9 (Reuters) - The S&P 500 rose...Reuters
Mon, Jun 9
BridgeBio Pharma gains after H.C. Wainwright raises PT
** Shares of drugmaker BridgeBio Pharma BBIO.O rise 2.7% to $39.67** Brokerage H.C. Wainwright raises PT to $56 from $53** Believe BBIO's rare heart disease drug, acoramidis, could reach annualized revenue run rate of more than $1 billion in mid- to late 2027 in the U.S. — H.C. Wainwright** Aco...Reuters
Mon, Jun 9
LIVE MARKETS-US earnings revisions show positive trend, says Morgan Stanley
Main US indexes post modest gains; Nasdaq up ~0.5%Materials lead S&P 500 sector gainers; Financials weakest groupDollar dips; gold, crude rise; bitcoin up >2%US 10-Year Treasury yield falls to ~4.47%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You...Reuters
Mon, Jun 9
Compass Diversified slides after Jefferies downgrades to 'hold'
** Shares of Compass Diversified CODI.N, which invests in middle-market businesses, slide 9.9% to $6.47 ** Jefferies downgrades CODI to "hold" from "buy" given material uncertainty from ongoing investigation at the company's Lugano arm** CODI last month disclosed "non-relianc...Reuters
Mon, Jun 9
U.S. STOCKS ON THE MOVE-Copper miners, Chip Stocks, EchoStar
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes were mixed on Monday as investors watched a fresh round of U.S.-China negotiations aimed at mending a trade rift that has rattled financial markets for much of...Reuters
Mon, Jun 9
Goodyear rises after BNP Paribas lifts rating to 'outperform'
** Goodyear Tire & Rubber's shares GT.O rise 12.6% to $11.98 ** BNP Paribas upgrades rating to "outperform" from "neutral", citing relative cost advantage in the U.S. resulting from tariffs** Lifts PT to $15 from $11, representing ~41% upside to the stock's last close** &...Reuters
Mon, Jun 9
Topgolf Callaway surges after director unveils buying $2.5 mln worth of stock
** Shares of Topgolf Callaway Brands MODG.N up 14.9% to $7.39, a four-week high, on Mon after director discloses stock purchase** MODG shares among top S&P 1500 index .SPSUP performers and on course for biggest one-day pct advance since Apr 2020** Director Adebayo Ogunlesi bought 383,700 shares ...Reuters
Mon, Jun 9
LIVE MARKETS-Risk-asset train chugging along, but is the end of the line in sight?
Nasdaq rises modestly, S&P 500 edges green, Dow slipsMaterials lead S&P 500 sector gainers; Financials weakest groupEuro STOXX 600 index off ~0.1%Dollar dips; gold, crude rise; bitcoin up >1.5%US 10-Year Treasury yield dips to ~4.48%Welcome to the home for real-time coverage of markets br...Reuters
Mon, Jun 9
Chip stocks rally as US, China negotiate on trade
** The Philadelphia semiconductor index .SOX was up 2% on Monday, after hitting its highest point since Feb 21 as delegates from the United States and China met in London to negotiate on trade** U.S./China officials seeking to defuse high-stakes trade dispute that widened from tariffs to restriction...Reuters
Mon, Jun 9
APME Maintains Stable Hiring Outlook Amid Global Uncertainty in Q3 2025
The Net Employment Outlook for Q3 2025 in Asia Pacific and the Middle East (APME) is +28%, remaining the same as Q2 2025 and up 7 points from Q3 2024. Employers in U.A.E. (+48%), India (+42%), and China (+28%) report the strongest Outlooks in the region, with U.A.E. also ranking first globall...PR Newswire
Mon, Jun 9
US STOCKS-Wall Street mixed with focus on US-China trade talks
Indexes: Dow down 0.15%, S&P 500 up 0.08%, Nasdaq up 0.30%Robinhood falls after S&P 500 inclusion snubWarner Bros shares up after co said it plans to split businessesMcDonald's falls after Morgan Stanley downgradeBy Kanchana Chakravarty and Sukriti Gupta June 9 (Reuters) - Wall Street...Reuters
Mon, Jun 9
Should Bitcoin Investors Be Concerned About the Recent Pullback?
When Bitcoin (CRYPTO: BTC) hit a new all-time high of $111,970 on May 22, many investors were convinced that the world's most popular cryptocurrency was about to go on another epic run. But that hasn't been the case.In fact, Bitcoin pulled back to $105,000, and could even fall below $100,000 again. ...The Motley Fool
Mon, Jun 9
Chewy Stock Has a Lot to Prove This Week
It's time to see if Chewy (NYSE: CHWY) shareholders will be given a treat for a job well done. The popular online retailer of pet supplies and other essentials reports its fiscal first-quarter results on Wednesday morning. There are a lot of mixed signals out there in the world of pet stocks.Brick-a...The Motley Fool
Mon, Jun 9
U.S. STOCKS ON THE MOVE- Metsera, Cameco, Circle Internet
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes were mixed on Monday as investors watched a fresh round of U.S.-China negotiations aimed at mending a trade rift that has rattled financial markets for much of...Reuters
Mon, Jun 9
Why Space Stock Redwire Soared Today
Redwire Corporation (NYSE: RDW) stock jumped a lucky 7.7% Monday morning after the company gave an update on its plan to acquire privately held Edge Autonomy, "a leader in providing innovative autonomous systems, advanced optics, and resilient energy solutions" (i.e., drones).As you may recall, Redw...The Motley Fool
Mon, Jun 9
GLOBAL MARKETS-Stocks rise, dollar edges down as US-China talks in focus
US-China talks aim to ease trade tensions, impacting global supply chainsS&P 500 tech sector leads gains, Dow falls due to Travelers, McDonald'sDollar slips amid caution ahead of trade talksBy Chuck Mikolajczak NEW YORK, June 9 (Reuters) - Global stocks rose on Monday while the dollar sli...Reuters
Mon, Jun 9
Copper miners gain ahead of US-China trade talks
** Shares of copper miners rise, tracking the red metal's prices** Benchmark three-month copper CMCU3 on London Metal Exchange up 0.4% at $9,733.5 per metric ton** Copper prices rise driven by optimism ahead of U.S.-China trade talks to be held later in the day** U.S.-listed shares of global min...Reuters
Mon, Jun 9
Here's Why Cameco Shares Surged Today
Shares in uranium fuel and nuclear energy services company Cameco (NYSE: CCJ) were up 11.7% by 11 a.m. ET today. The move comes as the market digests the news that Westinghouse Electric's adjusted earnings before interest, taxation, depreciation, and amortization (EBITDA) will be higher than previou...The Motley Fool
Mon, Jun 9
United Natural Foods down following IT security incident
** Shares of grocery wholesaler United Natural Foods UNFI.N down as much as 7.7% at $25.71** In an SEC filing, co discloses unauthorized activity on its information technology systems on June 5 ** Says UNFI took certain systems offline in response, which temporarily impacted its ability to fulfill a...Reuters
Mon, Jun 9
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