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Workday rises after Elliott reveals $2 billion stake, endorses leadership
Sept 17 (Reuters) - Shares of Workday WDAY.O rose nearly 10% before the bell on Wednesday, after activist investor Elliott Management unveiled a stake of more than $2 billion in the company and backed its leadership.Workday has been pushing to stay competitive in a consolidating human resources soft...Reuters
7 minutes ago
Paramount Group falls after Rithm Capital agrees to buy co for $1.6 bln
** Real estate investment trust Paramount Group's PGRE.N shares fall nearly 11% to about $6.5 in premarket trading** Asset management company Rithm Capital agrees to buy PGRE for $1.6 billion in cash** Rithm will acquire all of Paramount's outstanding shares of common stock for $6.60 per ful...Reuters
7 minutes ago
Pre-Bell｜U.S. Stock Futures Muted; PDD, NIO Gain Around 3%; Alibaba Jumps over 2%; Tesla, Nvidia Fall 1% Each; Workday Jumps over 8%
U.S. stock index futures were little changed on Wednesday as investors held back on big bets while awaiting an announcement after the Federal Reserve's two-day meeting to assess the monetary policy path.The U.S. central bank is widely expected to reduce borrowing costs by at least 25 basis points at...Tiger News
15 minutes ago
RPT-BREAKINGVIEWS-SoftBank's payments unicorn holds a fintech mystery
By Hudson Lockett HONG KONG, Sept 17 (Reuters Breakingviews) - The pitch is easy to picture: Masayoshi Son's digital wallet group, manning the vanguard in Tokyo's bid to throw off the grip of king cash in the country, is eyeing what could be the biggest Japanese initial public offering on...Reuters
15 minutes ago
Rithm Capital to acquire REIT Paramount Group for $1.6 billion
Sept 17 (Reuters) - Global asset management company Rithm Capital on Wednesday said it had agreed to acquire real estate investment trust Paramount Group PGRE.N for $1.6 billion in cash.Rithm will acquire all outstanding shares of Paramount for $6.60 per share, the companies said. The deal is expect...Reuters
18 minutes ago
Stocks dip, battered dollar recovers as Fed rate cut looms
LONDON, Sept 17 (Reuters) - World stocks held just below recent record highs, gold retreated and the dollar won a reprieve, ahead of a widely anticipated Federal Reserve rate cut later on Wednesday taking place against a backdrop of concern about the future of Fed independence.Reuters
21 minutes ago
General Mills slips on unchanged annual forecasts
** Shares of Cheerios maker General Mills GIS.N fall 1.5% to $48.85 premarket** Co maintains annual sales and profit forecast amid challenging consumer backdrop** GIS expects full-year adjusted profit to decline by 10% to 15% and organic net sales to range between 1% fall and 1% rise** However, co b...Reuters
27 minutes ago
Where Will Rivian Be in 2028, and Is It a Buy Now?
Key PointsAfter peaking in 2023, demand appears to have waned for Rivian's R1 vehicles.Rivian's R2 is expected to appeal to a more price-conscious consumer.Distant plans and concepts are in the works for even an R4 and R5.10 stocks we like better than Rivian Automotive › This has mostly been a forge...The Motley Fool
31 minutes ago
Pebblebrook Hotel Trust drops after pricing $350 mln convertible debt deal
** Pebblebrook Hotel Trust's PEB.N shares down 4.8% at $11.01 premarket after it secures capital raise to refinance some debt** Hotel and resort REIT early Weds announces pricing private offering of $350 mln 1.625% convertible bonds (CBs) due 2030** Initial conversion price set at $15.89, 37.5%...Reuters
32 minutes ago
X4 Pharmaceuticals to cut workforce by half, shares up
** Shares of drug developer X4 Pharmaceuticals XFOR.O rise 2.5% to $3.29 premarket ** Co to reduce its workforce by 50%, anticipated to result in $13 mln in annualized cost saving ** Co says restructuring to align its resources to complete its late-stage trial testing its treatment in patients with ...Reuters
33 minutes ago
SNAPSHOT-India stocks, rupee, swaps, call at close
Sept 17 (Reuters) - STOCKS:The benchmark BSE Sensex .BSESN ended 0.38% higher at 82,693.71, while the broader NSE Nifty 50 index .NSEI advanced 0.36% to 25,330.25, driven by broad-based gains, as progress in trade talks with the U.S. and expectations of a rate cut by the Federal Reserve later in the...Reuters
34 minutes ago
SNAPSHOT-India stocks, rupee, swaps, call at close
Sept 17 (Reuters) - STOCKS:The benchmark BSE Sensex .BSESN ended 0.38% higher at 82,693.71, while the broader NSE Nifty 50 index .NSEI advanced 0.36% to 25,330.25, driven by broad-based gains, as progress in trade talks with the U.S. and expectations of a rate cut by the Federal Reserve later in the...Reuters
35 minutes ago
U.S. STOCKS ON THE MOVE-Nvidia, Eli Lilly, Manchester United
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street futures were flat to slightly lower on Wednesday, as markets were guarded ahead of a widely anticipated interest-rate cut from the Federal Reserve later in the day, and Nvidia di...Reuters
36 minutes ago
LIVE MARKETS-Intraday tactics around the Fed decision
STOXX 600 little changedTech top gainerFed set to cut ratesNasdaq futures steadyWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.comINTRADAY TACTICS AROUND THE FED DECISIONThe Fed is wide...Reuters
42 minutes ago
BREAKINGVIEWS-Cut-price IPOs will be the new normal
By Karen KwokLONDON, Sept 17 (Reuters Breakingviews) - Klarna KLAR.N and security firm Verisure are among groups leading a revival in new listings. Yet the Swedish fintech's 40% discount to rivals reflects still wary investors. With buyout shops queuing up to float companies, sellers will have t...Reuters
44 minutes ago
Plug Power Stock Is Skyrocketing Today. Should You Buy?
Plug Power (NASDAQ: PLUG) is chasing a comeback with new hydrogen hubs, billion-dollar partnerships, and a tax credit boost. The stock trades under $2 today, but Wall Street sees a threefold upside. Can Plug finally achieve profitability -- or will risks derail growth?Stock prices used were the mark...The Motley Fool
46 minutes ago
Meet the Monster Stock That Continues to Crush the Market
Key PointsThis company dominates the e-commerce space, which will continue to grow in the years ahead. A sizable and growing portion of the company's revenue comes from high-margin activities. Though the stock has risen monumentally over the long term, its current valuation is compelling. 10 stock...The Motley Fool
46 minutes ago
Can C3.ai's New CEO Help Turn Things Around for the Stock?
Key PointsFounder Thomas Siebel stepped down as CEO due to health issues.Stephen Ehikian, who has a great deal of experience with tech companies, takes over.C3.ai is coming off a disastrous quarter where sales nosedived and its bottom line went deeper into the red.10 stocks we like better than C3.ai...The Motley Fool
46 minutes ago
Cytokinetics rises after upsized $650 mln convertible bonds sale
** Cytokinetics' CYTK.O shares up 1.1% before the bell to $50.31 after biotech firm raised more capital than targeted to primarily refinance debt ** South San Francisco, California-based CYTK late Tues announced pricing private offering of $650 mln 1.75% 6-yr convertible bonds (CBs) ...Reuters
48 minutes ago
AI Needs Babysitters, and These Stocks Are Cashing In
Key PointsGoogle Translate has been around since 2006 and still can't handle the nuances that matter in business documents.Fiverr's fastest-growing business segment involves humans teaching other humans how to manage AI tools.Even the most advanced AI tools get trained on human-created content and n...The Motley Fool
49 minutes ago
