News
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US travel-related shares tumble as airline forecasts fuel concerns
** Shares of travel-related companies are falling and underperforming the broader market Tues after slashed forecasts from Delta Air Lines DAL.N and other airlines fueled concern about the impact of a weaker economy on travel spending** Among shares of resorts and big travel destinations, Walt Disne...Reuters
Tue, Mar 11
The Nasdaq Just Hit Correction Territory: Can Buying This Safe Stock Today Set You Up for Life?
The tech-laden Nasdaq Composite index is having a forgettable 2025 so far as it recently entered correction territory following remarkable gains in 2023 and 2024 thanks to catalysts such as artificial intelligence (AI).Investors have apparently been booking profits in high-flying tech stocks amid ec...The Motley Fool
Tue, Mar 11
Kohl's set for worst day after forecasting a bigger-than-expected drop in 2025 sales
** Shares of U.S. department store chain Kohl's KSS.N fall as much as 24.6% to a more than 28-year low of $9.09 ** Stock set for its worst day on record, if losses hold** Company forecasts bigger-than-anticipated drop in annual sales, and expects profit to be below estimates as it grapple...Reuters
Tue, Mar 11
TREASURIES-Yields edge higher with risk aversion less pronounced
Two-year Treasury yield hits five-month lowsSpreads on US government one-year credit default swaps hit widest level since November 5Junk corporate bond spreads widen to widest level since SeptemberBy Matt Tracy WASHINGTON, March 11 (Reuters) - U.S. Treasury yields ticked higher on Tuesday, reboun...Reuters
Tue, Mar 11
GLOBAL MARKETS-Global stocks extend selloff without clarity on tariffs, economy
US stocks fall again but less sharply after Monday's selloff Treasury yields turn around as does goldOil prices bounce back By Sinéad Carew and Alun John NEW YORK/LONDON, March 11 (Reuters) - After falling sharply on Monday, equities were losing ground again on Tuesday, though at a slower pac...Reuters
Tue, Mar 11
Cost of insuring against U.S. default risk at highest since Nov.5
LONDON, March 11 (Reuters) - U.S. short-dated credit default swaps, instruments used to hedge exposure to a credit, rose on Tuesday to their highest levels since the U.S. election on Nov. 5, a move that reflects creeping anxiety about the U.S. debt ceiling.One-year credit default swaps now trade at ...Reuters
Tue, Mar 11
Disney falls as concerns grow over a travel slowdown
** Shares of Walt Disney DIS.N fall 4.1% to $98.84 amid growing concerns about a travel slowdown weighing down on its parks business** Theme parks and resorts and cruise lines are a major source of revenue and profit for Disney** Airline shares fell amid broad market selloff on Monday after tariff j...Reuters
Tue, Mar 11
BREAKINGVIEWS-Market jitters hand IPO wannabes a thorny dilemma
By Karen Kwok LONDON, March 11 (Reuters Breakingviews) - Capital-markets bankers started 2025 betting on an initial public offering boom. Now they’re facing a plot twist. Monday’s market selloff and surging volatility may give IPO hopefuls like Klarna, CoreWeave and others pause for thought. The ...Reuters
Tue, Mar 11
Here's My Top "Magnificent Seven" Stock to Buy in the Nasdaq Stock Market Correction
The Nasdaq is officially in correction territory, with the Nasdaq-100 index down by more than 12% from its recent high. A big driver of this has been the "Magnificent Seven" stocks, many of which are down by 20%, or much more, in just a few weeks.To be fair, there's a solid case to be made that some...The Motley Fool
Tue, Mar 11
StandardAero, Inc. reports results for the quarter ended December 31 - Earnings Summary
StandardAero, Inc. SARO.N reported quarterly adjusted earnings of 16 cents per share for the quarter ended December 31. The mean expectation of eight analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 11 cents to 22 cents per share.Revenue ...Reuters
Tue, Mar 11
Will "Tarzhay" Be Enough to Turn Target Stock Around?
Target (NYSE: TGT) is hovering around a 52-week low after reporting fourth-quarter fiscal 2024 earnings.For fiscal 2025, Target is forecasting a modest increase in operating margin and just a 1% increase in net sales. But the retailer expects to turn the business around by 2030 through a $15 billion...The Motley Fool
Tue, Mar 11
Checking In on Washington, D.C., Happenings
In this podcast, Motley Fool analyst Asit Sharma and host Mary Long discuss:How investors can prepare for tariff disturbance.BlackRock's latest acquisition.The reasons for and against a national strategic reserve of cryptocurrency.Then, Mary and Motley Fool host Ricky Mulvey debrief on their trip to...The Motley Fool
Tue, Mar 11
US STOCKS-S&P 500, Dow decline after Trump's fresh tariffs on Canada
US job openings rise to 7.74 million in JanuaryDelta Air Lines lowers first-quarter forecast, shares fallKohl's slides on bleak annual sales forecastDow Transportation index touches seven-month lowIndexes: Dow slips 0.85%, S&P 500 off 0.37%, Nasdaq up 0.18%By Johann M Cherian and Pranav Kash...Reuters
Tue, Mar 11
LIVE MARKETS-Don't bank on "Drill, Baby, Drill"
Nasdaq slightly red, S&P 500 off ~0.7%, Dow down >1%All S&P 500 sectors fall; Industrials weakest groupEuro STOXX 600 index down ~1.4%Dollar declines; gold up ~1%; crude up >1%; bitcoin up ~2.5%U.S. 10-Year Treasury yield rises to ~4.25%Welcome to the home for real-time coverage of mar...Reuters
Tue, Mar 11
Why Reddit Stock Just Popped
Investors in Reddit (NYSE: RDDT) stock are having a terrific Tuesday, as shares rise 10.7% through 11:10 a.m. ET.Shares of the social media discussion site, which had more than quadrupled since its initial public offering (IPO) last year, topping $225 in early February, have been cut in half over th...The Motley Fool
Tue, Mar 11
Warren Buffett Is Selling Bank of America and Citigroup Stock and Is Piling Into This High-Yield Investment Instead
In his February letter to shareholders, Warren Buffett announced a new record Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) set in 2024: It paid more in taxes than any company ever paid the U.S. government in a single year. And that's despite significantly lower tax rates in recent years than throu...The Motley Fool
Tue, Mar 11
Backblaze rises after Needham initiates coverage
** Shares of cloud storage firm Backblaze BLZE.O rise 3.4% to $5.15** Needham initiates coverage with "buy" rating and $8 price target** BLZE could see "significant tailwinds from GenAI adoption as customers prefer cloudneutral, cost-efficient storage and backup solutions within their G...Reuters
Tue, Mar 11
