News
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Beacon Roofing reverses course on QXO's takeover attempt, weighs $11 billion offer
March 10 (Reuters) - Beacon Roofing Supply BECN.O is negotiating a potential $11 billion buyout from billionaire Brad Jacobs-run QXO QXO.N, in a complete reversal after it rebuffed an earlier offer and adopted a poison pill to stave off a hostile takeover attempt.The companies confirmed on Monday th...Reuters
Mon, Mar 10
Why Space Stocks Are in a Funk Today
I won't sugarcoat this for you: Last week was a pretty depressing time to be a space investor.In back-to-back developments Thursday, we learned first that an unmanned Nova-C lunar lander tried to touch down on the moon's South Pole. But it toppled over within a crater, fell on its side, and died a q...The Motley Fool
Mon, Mar 10
PREVIEW: Vail Resorts shares slip ahead of earnings
** Vail Resorts MTN.N shares slip 2.2% but outperforming broader losses on Wall Street ahead of the ski resort operator's qtrly results after the bell, as analysts predict strongest rev growth in two years** Analysts expect fiscal Q2 rev up 5.6% to $1.14 bln, which would be largest pct increase ...Reuters
Mon, Mar 10
LIVE MARKETS-US Q1 earnings forecasts down since start of year
Main US indexes slide; Nasdaq declines most, down 4%Tech weakest S&P 500 sector; Energy leads gainersEuro STOXX 600 index closes down 1.3%Dollar near flat; gold, crude dip; bitcoin off >5% US 10-Year Treasury yield falls to ~4.22%Welcome to the home for real-time coverage of markets brought t...Reuters
Mon, Mar 10
Citi upgrades KeyCorp to 'buy' on valuation
** Citi Research upgrades U.S. regional lender KeyCorp KEY.N to "buy" from "neutral" on attractive valuation and solid fundamentals following the recent pullback across the banking sector** Brokerage says with credit concerns mounting amidst recently elevated worries of a weakening m...Reuters
Mon, Mar 10
Emergent BioSolutions drops after Syngene buys co's unit for $36.5 mln
** Shares of drugmaker Emergent BioSolutions EBS.N fall 3% to $5.60, hit nine-month low** India's Syngene International SYNN.NS says it has acquired its first biologics facility in the U.S. from Emergent Manufacturing Operations Baltimore, a unit of EBS, for $36.5 million** The deal is expected ...Reuters
Mon, Mar 10
US STOCKS-Nasdaq plunges 4% as tech dives, slowdown fears mount
Crypto stocks fall on lower bitcoin pricesHSBC downgrades US stocksNasdaq, S&P 500 hover near six-month lowsIndexes down: Dow 1.54%, S&P 500 2.56%, Nasdaq 4.07%By Johann M Cherian and Pranav Kashyap March 10 (Reuters) - The tech-heavy Nasdaq led sharp losses among major U.S. stock indexes...Reuters
Mon, Mar 10
Investors flee equities as Trump-driven uncertainty sparks economic worry
S&P 500 down 8% from Feb 19 all-time highNasdaq confirmed 10% correction from its Dec peak last weekS&P 500 P/E moderates but still high vs historical averageBy Lewis Krauskopf NEW YORK, March 10 (Reuters) - Fears that uncertainty over trade tariffs will spark an economic downturn are cau...Reuters
Mon, Mar 10
Ikena Oncology Inc reports results for the quarter ended December 31 - Earnings Summary
Ikena Oncology Inc IKNA.OQ reported a quarterly adjusted loss of 19 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -47 cents. The mean expectation of three analysts for the quarter was for a loss of 19 cents per share. W...Reuters
Mon, Mar 10
US STOCKS-Nasdaq tumbles over 3% as tariffs spark slowdown fears
Crypto stocks fall on lower bitcoin pricesBrokerage HSBC downgrades US stocksNasdaq, S&P 500 hover near six-month lowsIndexes down: Dow 1.24%, S&P 500 2.24%, Nasdaq 3.60%By Johann M Cherian and Pranav Kashyap March 10 (Reuters) - The tech-heavy Nasdaq led sharp losses among major U.S. sto...Reuters
Mon, Mar 10
LIVE MARKETS-0DTE options heat up as equity volatility soars
Main US indexes slide; Nasdaq declines most, down ~3.5%Tech weakest S&P 500 sector; Energy leads gainersEuro STOXX 600 index off >1%Dollar slips; gold, crude dip; bitcoin off >4% US 10-Year Treasury yield falls to ~4.22%Welcome to the home for real-time coverage of markets brought to you b...Reuters
Mon, Mar 10
Why I'm Not Selling Stocks On Trump Tariff News
In this video, analysts delve into the impact of political decisions on the stock market and individual investments. Jim Gillies shares his insights on navigating these uncertain times and offers advice for investors. Discover how to approach your investment strategy amid potential market volatility...The Motley Fool
Mon, Mar 10
Major Wall Street lenders down on recession and interest-rate concerns
** Shares of major Wall Street banks fall as tariff impact continues to spark fear over interest rate volatility and recession concerns** JPMorgan Chase JPM.N, Goldman Sachs GS.N, Morgan Stanley MS.N, Bank of America BAC.N, Citigroup C.N and Wells Fargo WFC.N are down; Morgan Stanley leads the decli...Reuters
Mon, Mar 10
Novo Nordisk's new obesity drug trial data disappoints again
CagriSema fails to outperform Lilly's Mounjaro in weight lossMarket reacts negatively after high expectations for CagriSemaCagriSema is next-gen obesity drug candidate after WegovyBy Maggie Fick and Stine Jacobsen LONDON/COPENHAGEN, March 10 (Reuters) - Novo Nordisk on Monday revealed weaker-...Reuters
Mon, Mar 10
The State of Weight Loss Drugs
In this podcast, Motley Fool analyst Karl Thiel joins host Ricky Mulvey to check in on the GLP-1 landscape. They discuss:How weight loss drugs actually work, and how big-name prescriptions differ from each other.What investors need to know about Ozempic's and Mounjarno's patent cliffs.The scenarios ...The Motley Fool
Mon, Mar 10
Copper miners fall under pressure from tariffs
** Shares of copper miners fall, tracking lower prices of the red metal** Benchmark three-month copper CMCU3 on the London Metal Exchange (LME) fell 0.6% to $9,555 a metric ton, as the market focused on the negative consequences for global economic growth and industrial metals demand from U.S. impor...Reuters
Mon, Mar 10
QUOTES-Wall Street selloff deepens as Trump sparks recession concerns
NEW YORK, March 10 (Reuters) - Major U.S. stock indexes sank on Monday after U.S. President Donald Trump declined to predict whether his tariff policies could lead to a recession, roiling investor sentiment.The Nasdaq Composite .IXIC slumped more than 3% after confirming last week that it's retr...Reuters
Mon, Mar 10
Cognizant climbs after reported activist Mantle Ridge's $1 bln stake
** Shares of Cognizant Technology CTSH.O up 4.5% at $86.99, bucking broad tumble in equities on Mon, after report of activist investor's stake boost** Stock tracking biggest one-day pct gain since Nov 6** Mantle Ridge has built >$1 bln stake in the consultancy firm, saying its shares are unde...Reuters
Mon, Mar 10
Willis Lease Finance Corp reports results for the quarter ended December 31 - Earnings Summary
Willis Lease Finance Corp WLFC.OQ reported quarterly adjusted earnings of $2.81 per share for the quarter ended December 31. The lone analyst forecast for the quarter was for earnings of $1.89 per share. Revenue was $149.08 million; analysts expected $119.46 million. Willis Lease Finance Corp...Reuters
Mon, Mar 10
