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Ross Stores withdraws annual forecasts due to tariff pressures
May 22 (Reuters) - Discount store operator Ross Stores ROST.O on Thursday withdrew its fiscal 2025 sales and profit forecasts and said tariffs could take a toll on its profitability this year, sending its shares down 8% in extended trading. Ross Stores said more than half the goods it sells are made...Reuters
Thu, May 22
LIVE MARKETS-Wall Street goes flat as clock ticks down
Nasdaq ends up ~0.3% while S&P 500, Dow finish ~flatCons Disc leads S&P sector gainers; Utilities weakest groupDollar up; bitcoin rallies ~3%; gold dips; crude down >1%US 10-Year Treasury yield falls to ~4.54%Welcome to the home for real-time coverage of markets brought to you by Reuters ...Reuters
Thu, May 22
Webull Reports First Quarter 2025 Financial Results
Total revenues grew 32% year-over-year to $117 million, reflecting strong account and trading volume growth Customer assets increased 45% year-over-year, driven by increased customer net deposits Disciplined execution alongside robust revenue growth driving profitability ST. PETERSBURG, Fla...PR Newswire
Thu, May 22
Intuit up after strong quarterly forecasts
** Shares of TurboTax maker Intuit INTU.O up 5.6% at $703.64 in extended trading** INTU sees Q4 revenue between $3.72 billion and $3.76 billion, above analysts' average estimate of $3.51 billion, according to data compiled by LSEG** Expects Q4 adj. profit per share between $2.63 and $2.68, above...Reuters
Thu, May 22
Deals of the day-Mergers and acquisitions
May 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:** The family office of Japanese billionaire Tadashi Yanai, founder and chief executive of Uniqlo operator Fast Retailing 9983.T, has agreed to buy a building in Milan for about 300 milli...Reuters
Thu, May 22
US STOCKS-Wall Street stocks end flat in choppy trading as Treasury yields ease
Snowflake jumps after raising product revenue outlookAlphabet hits nearly three-month highSolar stocks fall on fears of subsidies endingBy Chibuike Oguh NEW YORK, May 22 (Reuters) - U.S. stocks finished little changed on Thursday, erasing initial declines, as Treasury yields eased off recent high...Reuters
Thu, May 22
GLOBAL MARKETS-Treasury yields ease, US stocks gain; investors assess US tax bill
US bond yields slip after early gains; US debt concerns remainBitcoin hits another record high; oil prices fallUS dollar inches up after recent lossesBy Caroline Valetkevitch NEW YORK, May 22 (Reuters) - Thirty-year U.S. yields reached their highest level in 19 months before easing on Thursday, w...Reuters
Thu, May 22
Morningstar trims fair value estimate on ASX-listed James Hardie on Azek deal concerns
** Analysts at Morningstar trim fair value estimate on ASX-listed James Hardie Industries JHX.AX by 13% to A$48 per share** The Dublin-based building materials maker on Wednesday reported 9% drop in its FY adjusted net income, compared to last year** Results raise fresh concerns over company's p...Reuters
Thu, May 22
LIVE MARKETS-IMF deal could make Argentina great again, says Ashmore
Nasdaq up ~0.9%, S&P 500, Dow add ~0.5%Cons Disc leads S&P sector gainers; Utilities weakest groupDollar up; bitcoin rallies >3%; gold, crude dipUS 10-Year Treasury yield falls to ~4.54%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can shar...Reuters
Thu, May 22
US STOCKS-Wall Street stocks rise in choppy trading as Treasury yields ease
Dow up 0.43%, S&P 500 up 0.48%, Nasdaq up 0.88%Snowflake jumps after raising product revenue outlookAlphabet hits nearly three-month highSolar stocks fall on fears of subsidies endingBy Chibuike Oguh NEW YORK, May 22 (Reuters) - U.S. stocks rose on Thursday, erasing initial declines, as T...Reuters
Thu, May 22
Analog Devices Q2 Earnings Top Forecasts
Analog Devices, Inc. (NASDAQ:ADI) reported Q2 FY2025 earnings on May 22, 2025, with revenue of $2.64 billion—up 22% year-over-year and 9% sequentially—and non-GAAP EPS of $1.85, surpassing the high end of guidance. The company demonstrated significant sequential growth across industrial, automotive,...The Motley Fool
Thu, May 22
BJ's Wholesale Revenues Rise as Premium Members Hit Record
BJ's Wholesale Club (NYSE:BJ) reported its fiscal 2025 first-quarter results on May 22, with net sales up 4.7% to $5 billion, comparable sales (excluding gas) up 3.9%, and adjusted earnings per share (EPS) of $1.14. Operating income increased 27% and net income rose 35% year over year.Premium Member...The Motley Fool
Thu, May 22
Why Southwest Airlines Lost Altitude Today
Southwest Airlines (NYSE: LUV) has not yet seen a rebound in demand for travel, disappointing investors who had been hoping for a quick turnaround.Southwest shares fell as much as 4.5% when comments were made by the company's CFO before rebounding somewhat and trading down 1% as of 2:30 p.m. ET.Wher...The Motley Fool
Thu, May 22
NextEra Energy falls after Trump's tax bill advances in US House
** Shares of U.S.-based electric utility NextEra Energy NEE.N fall 7.8% to $65.94** U.S. President Donald Trump's sweeping tax and spending bill could end many green-energy subsidies that have driven the renewable energy sector** NEE's spinoff company XPLR Infrastructure XIFR.N, which owns a...Reuters
Thu, May 22
Natgas companies fall on big storage build, lower flows to LNG export plants
** Shares of U.S. natural gas companies down, tracking fall in natgas futures NGA/** U.S. natgas futures NGc1 down 2.9% at $3.27 per million British thermal units** Natural gas prices slid over 2% on a bigger-than-expected storage build, a smaller-than-expected decline in output in recent days and a...Reuters
Thu, May 22
Why Reddit Stock Was Falling This Week
Shares of Reddit (NYSE: RDDT) were sliding this week in response to an analyst downgrade on the social media stock. It fell sharply in the broader sell-off on Wednesday in response to a weak Treasury auction and rising Treasury yields, perhaps reflecting a lack of confidence in the U.S. economy and ...The Motley Fool
Thu, May 22
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