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BUZZ-Uber at three-month highs after Bill Ackman builds stake in company
** Shares of ride-hailing platform Uber Technologies UBER.N rise 7.8% to $75.3, hitting their highest in three months ** Billionaire investor Bill Ackman says in a post on social media platform X that beginning early January he began acquiring a stake in UBER and currently owns 30.3 million shares**...Reuters
Feb 7, 2025
BUZZ-Magnite rises on report of signing partnership with Musk's X
** Online advertising company Magnite's MGNI.O shares rise 10% to $21.08** Elon Musk's X has signed a partnership with Magnite, Business Insider reported on Friday** Magnite and X did not immediately respond to Reuters request for comment ** X is working with Magnite to boost programmatic ad...Reuters
Feb 7, 2025
LIVE MARKETS-Individual investors most pessimistic since early-November 2023 - AAII
Main US indexes red; Nasdaq off most, down ~1.3%Cons Disc weakest S&P sector; Energy sole gainerEuro STOXX 600 index off ~0.4%Dollar rallies; bitcoin up >1%; gold, crude ~flatU.S. 10-Year Treasury yield rises to ~4.49%Welcome to the home for real-time coverage of markets brought to you by Reu...Reuters
Feb 7, 2025
Why Doximity Stock Skyrocketed Higher Today
According to data provided by S&P Global Market Intelligence, the "Bloomberg platform for medical professionals," Doximity (NYSE: DOCS), saw its shares spike 34% as of 11:20 a.m. ET Friday.The healthcare upstart rocketed past analysts' expectations on both the top and bottom lines and guided for a r...The Motley Fool
Feb 7, 2025
Why Expedia Stock Jumped Today
Shares of Expedia (NASDAQ: EXPE) were soaring Friday after the online travel agency delivered a strong fourth-quarter earnings report Thursday afternoon, beating estimates on the top and bottom lines and saying it would reinstate its dividend.As of 11:34 a.m. ET, the stock was up 18.4%.Where to inve...The Motley Fool
Feb 7, 2025
Elliott builds $1.5 billion stake in Aspen, opposes Emerson deal
Changes headline, adds Emerson statement in paragraph 7 Feb 7 (Reuters) - Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology AZPN.O, opposing the company's decision to accept Emerson Electric's EMR.N $7.2 billion tender offer.Ell...Reuters
Feb 7, 2025
BUZZ-Cement producer Titan America valued at nearly $3 bln in lukewarm NYSE debut
Updates** Shares of cement producer Titan America TTAM.N rise as much as 2.2% in their New York Stock Exchange debut ** Stock opens for trading at $16.20 vs $16 IPO price, giving it a market capitalization of $2.99 bln** TTAM, along with its parent Titan Cement International TITC.BR, raised $384 mln...Reuters
Feb 7, 2025
US STOCKS-Wall St falls on expectations of Fed caution after data
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.Nonfarm payrolls increase by 143,000 in January Expedia jumps after Q4 results beatIndexes down: Dow 0.45%, S&P 500 0.53%, Nasdaq 0.93%Updates with afternoon trading pricesBy Shashwat Chauh...Reuters
Feb 7, 2025
Why Nike Stock Slipped on Friday
Nike (NYSE: NKE) stock slid 2.5% through 10:25 a.m. ET Friday after CNBC (and others) reported Citigroup is downgrading the stock to neutral. Citi is just back from a meeting with new Nike CEO Elliott Hill, and feeling unenthused by the CEO's promises for 2026 performance. Neither sales nor earnings...The Motley Fool
Feb 7, 2025
BUZZ-Sionna Therapeutics set to open 50% above offer price after upsized $191 mln IPO
Updates** Shares of drug developer Sionna Therapeutics SION.O set to open 50% above their offer price in their Nasdaq debut** Stock indicated to open at $27 vs $18 IPO price** SION sold ~10.6 mln shares, 20% more than initially offered, at the top end of its marketed range of $16 to $18 apiece to ra...Reuters
Feb 7, 2025
Why Cryptocurrencies Ethereum, XRP, and Dogecoin Are Trading Higher Today
Cryptocurrencies moved higher today after a somewhat perplexing jobs report this morning that ultimately led to a slight increase in Treasury yields. Bitcoin, the world's largest cryptocurrency, hovered around $98,400.As of 11 a.m. ET, Ethereum (CRYPTO: ETH), the world's second-largest cryptocurrenc...The Motley Fool
Feb 7, 2025
Pinterest Is Soaring After Stellar Numbers -- Is the Best Yet to Come?
The stock market was having a generally negative day on Friday, with all three major market averages in the red at 10:30 a.m. ET. However, social media stock Pinterest (NYSE: PINS) was a major standout, with shares higher by more than 18%.As you might expect, this move is driven by Pinterest's lates...The Motley Fool
Feb 7, 2025
BUZZ-Plains All American falls on quarterly revenue miss
** Shares of Plains All American PAA.O down 1.52% at $20.80** Company reports Q4 revenue of $12.40 bln, its second straight miss, below anaylsts' average estimate of 14.68 bln, according to data compiled by LSEG** Expects PAA's full-year 2025 adj. EBITDA to range between $2.80 bln and $2.95 ...Reuters
Feb 7, 2025
Sharpie maker Newell Brands working to reduce China dependency amid tariff pressure
Feb 7 (Reuters) - Newell Brands' NWL.O CEO said on Friday it is aiming to reduce its reliance on Chinese suppliers to minimize the impact of U.S. import tariffs, following its unexpected quarterly loss forecast.The Sharpie maker, which partly manufactures and sources products from China, said i...Reuters
Feb 7, 2025
BRIEF-Harvest Alaska to Re-Develop Kenai Peninsula LNG Terminal
Feb 7 (Reuters) - HARVEST ALASKA:ANNOUNCES DEAL WITH MARATHON PETROLEUM CORPORATION AND CHUGACH ELECTRIC ASSOCIATION TO BOLSTER SOUTHCENTRAL ALASKA'S ENERGY SUPPLIES THROUGH HARVEST'S ACQUISITION AND RE-DEVELOPMENT OF THE EXISTING KENAI LNG TERMINAL.SAYS IT WILL REDEVELOP KENAI LNG TERMINAL ...Reuters
Feb 7, 2025
LIVE MARKETS-Fire and ice: A jobs report drill-down
Main US indexes red; Nasdaq off most, down ~1.1%Cons disc weakest S&P sector; Energy sole gainerEuro STOXX 600 index off ~0.4%Dollar, gold, crude gain; bitcoin up >1%U.S. 10-Year Treasury yield rises to ~4.49%Welcome to the home for real-time coverage of markets brought to you by Reuters repo...Reuters
Feb 7, 2025
EastGroup Properties: Solid Q4 Results
EastGroup Properties (NYSE:EGP), a real estate investment trust (REIT) focused on industrial properties primarily in the Sunbelt, reported its fourth-quarter results on Feb. 6. Earnings per share (EPS) of $1.16 slightly beat expectations of $1.15, while revenue of $164 million came in slightly below...The Motley Fool
Feb 7, 2025
Cloudflare Finishes 2024 Strong
Here's our initial take on Cloudflare's (NYSE: NET) fourth-quarter financial report.Key MetricsMetricQ4 2023Q4 2024Changevs. ExpectationsTotal revenue$362.5 million$459.9 million 27%BeatAdjusted earnings per share$0.15$0.19 27%BeatFree cash flow$50.7 million$47.8 million-6%n/aAdjusted gross margin78...The Motley Fool
Feb 7, 2025
