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Occidental Petroleum shares up on report CEO to step down
Shares of shale producer Occidental Petroleum OXY.N surges ~4% to $64.23Occidental's longtime CEO Vicki Hollub to step down later this year, sources familiar with the matter told ReutersRichard Jackson, currently COO, is likely to take the helm after Hollub's departureHollub could remain in ...Reuters
16 hours ago
LIVE MARKETS-Nvidia's earnings valuation sinks to lowest in a year; nearly at pre-ChatGPT levels
Main US indexes tumble; Nasdaq off most, down ~2%Comm Svcs weakest S&P 500 sector; Energy leads gainersDollar up; US crude rallies ~5%; gold off >2%; bitcoin down >3%US 10-Year Treasury yield rises to ~4.42%Welcome to the home for real-time coverage of markets brought to you by Reuters rep...Reuters
17 hours ago
JBS shares jump after Q4 results, hit highest since August
March 26 (Reuters) - Shares in Brazilian meatpacker JBS JBS.N rise about 6% after fourth-quarter results, hitting their highest price level since August. Analysts stress better than expected figures for adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and for JBS'...Reuters
17 hours ago
U.S. STOCKS ON THE MOVE -Adobe, Salesforce, Stryker
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8March 26 (Reuters) - Wall Street's main indexes dropped on Thursday following gains in the previous session, as conflicting signals from the U.S. and Iran on the prospects of a de-escala...Reuters
17 hours ago
FTSE Russell to align free-float rules for UK, foreign firms
March 26 (Reuters) - Index provider FTSE Russell said on Thursday it would align the minimum free-float requirement for UK and non-UK companies in the FTSE UK Index Series from the June 2026 review.Under the change, companies incorporated inside or outside the UK will need at least 10% free float to...Reuters
17 hours ago
Meta shares drop on fears US verdicts open door to deluge of lawsuits
By Harshita Mary Varghese and Anhata Rooprai March 26 (Reuters) - Meta Platforms META.O shares dropped 7% on Thursday after two verdicts holding it liable for harm to young users sparked fears the social media giant may have to overhaul the design practices that have underpinned its sprawling adv...Reuters
18 hours ago
European shares snap win streak as Middle East conflict fans inflation worries
ECB rate hike speculation weighs on European stocksEdenred faces investigation by Italian competition regulatorBoliden drops as earnings to be hit by seismic activity at mineEarnings also from Sweden's H&M, UK's Next By Avinash P, Johann M Cherian and Niket Nishant March 26 (Reuters...Reuters
18 hours ago
Stryker rises after company says operations are recovering from cyberattack
Shares of medical device maker Stryker SYK.N rise 1.83% to $333.65 in afternoon tradingCo says operations are improving towards full capacity after a March 11 cyberattack disrupted order processing, manufacturing and shipmentsSays most manufacturing sites and key production lines have been restored,...Reuters
18 hours ago
UK's FTSE 100 falls more than 1% on Middle East uncertainty; 3i shares slide
March 26 (Reuters) - London's FTSE 100 equities index dropped more than 1% on Thursday, as lingering uncertainty over a Middle East ceasefire weighed on sentiment, while a steep fall in 3i Group shares added further pressure.A senior Iranian official told Reuters the U.S. proposal was "one‑s...Reuters
18 hours ago
Salesforce rises as US Department of Labor rolls out AI tool
Shares of Salesforce CRM.N rise 1.6% to $184.82Co announced that the U.S. Department of Labor has begun rolling out Agentforce, a suite of autonomous AI agents that augments services provided by employeesCRM is on track to snap three straight sessions of losses while the S&P 500 .SPX is down 1%&...Reuters
18 hours ago
Brown-Forman jumps after report of merger talks with Pernod Ricard
Shares of Jack Daniel's maker Brown-Forman BFb.N jump about 19% to $27.92Brown-Forman and French spirits maker Pernod Ricard PERP.PA have held talks over a possible merger, a source familiar with the matter tells ReutersBrown-Forman did not immediately respond to a Reuters request for commentPer...Reuters
18 hours ago
Stryker says manufacturing mostly restored after cyberattack
March 26 (Reuters) - Medical device maker Stryker SYK.N said on Thursday its operations were steadily improving towards full capacity, after a cyberattack caused widespread disruption to its business. Shares of Stryker climbed 2% after the company said its manufacturing capability was quickly r...Reuters
19 hours ago
US STOCKS-Wall Street slides as Mideast de-escalation uncertainty weighs on sentiment
Indexes down: Dow 0.45%, S&P 500 0.77%, Nasdaq 1.05%Meta Platforms, Alphabet fall after US jury verdict OECD warns Iran war erases global growth upgradeWeekly jobless claims in line with estimates By Twesha Dikshit and Purvi Agarwal March 26 (Reuters) - Wall Street's main indexes drop...Reuters
19 hours ago
LIVE MARKETS-Investors should consider big banks and companies in AI food chain, says Hightower's Link
Main US indexes red; Nasdaq off most, down ~1.4%Comm Svcs weakest S&P 500 sector; Energy leads gainersEuro STOXX 600 index down ~0.9%Dollar up; US crude rallies ~5%; gold off >2%; bitcoin down ~3%US 10-Year Treasury yield rises to ~4.39%Welcome to the home for real-time coverage of markets br...Reuters
19 hours ago
Meta shares slip after US jury verdicts raise concerns of new legal exposure
March 26 (Reuters) - Meta META.O shares fell 6% to a 10-month low on Thursday after rulings this week found the Facebook parent failed to adequately warn or protect young users, stoking concerns about billions of dollars in fines from new cases and follow-on litigation.Jurors in the first two U.S. t...Reuters
19 hours ago
Cirrus Logic soars to record on Apple partnership
Cirrus Logic Inc CRUS.O shares soar 7.4% to intraday record high of $153.90 on Thurs after Apple AAPL.O added the chipmaker and others to its American Manufacturing ProgramAs part of the program, CRUS will collaborate with GlobalFoundries GFS.O to develop semiconductor process technologies for featu...Reuters
19 hours ago
US natgas stocks rise on bigger-than-expected storage draw
Shares of U.S. natural gas companies rise, tracking an uptick in natgas futures NGA/U.S. natgas futures NGc1 up 1.3% at $2.99 per million British thermal unitsNatgas prices extend gains after a federal report showed energy companies pulled more gas than usual out of storage, signaling stronger deman...Reuters
19 hours ago
LIVE MARKETS-Wall Street veteran says oil-led inflation scare likely to fade like last year's tariff fears
Main US indexes red; Nasdaq off most, down ~1%Comm Svcs weakest S&P 500 sector; Energy leads gainersEuro STOXX 600 index down ~1%Dollar up; US crude rallies >4%; gold off >1%; bitcoin down >2%US 10-Year Treasury yield rises to ~4.38%Welcome to the home for real-time coverage of markets ...Reuters
19 hours ago
Adobe rises; William Blair assumes coverage with 'market perform'
Photoshop maker Adobe's ADBE.O shares rise 2.3% to $242.80William Blair assumes coverage and downgrades stock to "market perform" from "outperform"Flags intense competition co faces, particularly in its core product, Creative CloudBrokerage notes rival companies Canva and Figma F...Reuters
20 hours ago
3i down 18% as Action disappoints, selling accelerates
3i III.L down over 18% after core asset Action misses investor expectations on margins and growth visibilityCiti, which has buy rating, sees broadly solid trading offset by disappointing EBITDA margin and white space guidance Higher energy and transport costs may explain the margin miss, Citi adds, ...Reuters
20 hours ago
