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Rithm Capital bets on office space recovery with $1.6 billion Paramount Group deal
By Abhinav ParmarSept 17 (Reuters) - Global asset manager Rithm Capital RITM.N on Wednesday said it had agreed to acquire office portfolio owner Paramount Group PGRE.N for $1.6 billion in cash, betting on a rebound in office real estate.The deal comes as investors gauge whether the U.S. office marke...Reuters
7 minutes ago
Eli Lilly up after experimental GLP-1 pill outperforms Novo's drug in diabetes study
** Shares of drugmaker Eli Lilly LLY.N rise 1.24% to $774.21 ** Co's experimental pill, orforglipron, led to more weight loss and better control of blood sugar in patients with diabetes than Novo Nordisk's NOVOb.CO oral semaglutide in a head-to-head trial** Lilly's orforglipron show...Reuters
9 minutes ago
Elf Beauty rises after BofA boosts PT on Rhode brand launch
** Makeup company Elf Beauty's ELF.N shares up 2.6% at $147** Bank of America raises PT to 160 from $135; reiterates "buy" rating ** Brokerage now sees fiscal 2026 sales growth of 26% vs 25% earlier, as it forecasts strong brand launch of Rhode and better-than-expected elasticities** ELF...Reuters
12 minutes ago
LIVE MARKETS-Fixer-uppers: Fed day housing data
Dow gains, Nasdaq falls more than S&P 500Consumer staples leads S&P sector gainers, tech is down mostEuro STOXX 600 index edges down ~0.1%Dollar edges higher, gold eases from peak; crude down, bitcoin off ~1%US 10-year Treasury yield ticks up to ~4.04%Welcome to the home for real-time covera...Reuters
26 minutes ago
Top Calls on Wall Street: Nvidia, Apple, Netflix, Nike, Disney, Micron, Walmart, Zillow, FedEx & More
Here are Wednesday’s biggest calls on Wall Street:Loop upgrades Netflix to buy from holdLoop sees “strong near-term engagement” for Netflix.“We are upgrading our rating back to Buy based on exceptional 3Q engagement, a strong 4Q content slate, and higher long-term margin assumptions as each dollar o...Tiger News
26 minutes ago
Roivant and Priovant's drug for rare skin, muscle disease shows promise in trial
By Kamal ChoudhurySept 17 (Reuters) - Roivant ROIV.O and partner Priovant Therapeutics said on Wednesday that their experimental drug for a rare disease affecting skin and muscles has shown promising results in a late-stage clinical trial.Shares of Roivant were up over 13% at $16.05, set for an all...Reuters
46 minutes ago
Why Novo Nordisk Stock Popped Today
Key PointsBerenberg Bank just upgraded Novo Nordisk to a buy.The banker believes investor expectations have reset and it's now possible Novo Nordisk has fallen enough to bounce again.10 stocks we like better than Novo Nordisk › Novo Nordisk (NYSE: NVO) -- the original Ozempic stock -- got a boost fr...The Motley Fool
47 minutes ago
GLOBAL MARKETS-Stocks flat, dollar edges higher as investors await Fed rate decision
Dollar edges higher as investors await FedCanada cuts rates due to weak labor marketEuropean shares erases earlier lossesS&P 500 and Nasdaq lose groundGold prices retreat from recordBy Dhara Ranasinghe and Chibuike Oguh NEW YORK/LONDON, Sept 17 (Reuters) - World stocks traded flat while the U...Reuters
51 minutes ago
LIVE MARKETS-U.S. indexes mixed with tech, discretionary dragging
Dow gains, Nasdaq falls more than S&P 500Among sectors, consumer staples leads gainers, consumer discretionary weighs mostEuro STOXX 600 index up ~0.1%Dollar edges higher, gold eases from peak; crude ~flat, bitcoin off ~1%US 10-year Treasury yield ticks up to ~4.03%Welcome to the home for real-t...Reuters
an hour ago
U.S. STOCKS ON THE MOVE-Broadcom, Workday, Manchester United
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes opened subdued on Wednesday ahead of a widely anticipated interest-rate cut from the Federal Reserve later in the day, while Nvidia slipped after a report Chin...Reuters
an hour ago
FedEx falls after Evercore downgrades to 'in line'
** Evercore ISI downgrades stock to "in line" from "outperform"; cuts PT to $243 from $249** Brokerage says co's near-term profits are likely to be affected by to slower industrial production and weak consumer spending** Adds that earnings could face incremental pressure from rem...Reuters
an hour ago
U.S.-listed shares of Chinese firms rise as local markets rally
** U.S.-listed shares of Chinese companies rise, tracking gains in domestic market** Hong Kong shares closed at a four-year peak, backed by optimism in Chinese AI capabilities and progress in a potential U.S. deal involving TikTok .SS** E-commerce firms Alibaba Group BABA.N, JD.com JD.O and PDD Hold...Reuters
an hour ago
Progressive falls as BMO cuts to 'market perform' on tighter competition
** Auto insurer Progressive's PGR.N shares down 1.64% at $240.95** BMO Capital downgrades PGR to "market perform" from "market outperform" rating, citing intensifying industry competition and lack of improvement in "declining revenue revision trendline"** "Given BMO&#...Reuters
an hour ago
US STOCKS-Wall St mixed ahead of Fed's rate decision; Nvidia slips
Indexes: Dow up 0.54%, S&P 500 down 0.07%, Nasdaq down 0.33% Workday rises after Elliott builds a more than $2 bln stakeReport says China asked tech firms not to buy Nvidia's AI chipsLyft jumps on news of partnership with Waymo for Nashville cabsBy Purvi Agarwal and Sukriti Gupta Sept 17 ...Reuters
an hour ago
Novo Nordisk Rises 3% as It Aims to Beat Lilly With Something for Everyone in Obesity
Novo Nordisk stock rose over 3% as it is working on a strategy to make obesity treatment more personalized and wants to offer options for every kind of patient.The Danish company envisions a trajectory of treatment that could change for different patient groups, said Ludovic Helfgott, Novo’s new chi...Tiger News
an hour ago
Why Did Redwire Stock Crash Today?
Key PointsRedwire has had generally good news to report so far this week, though the details are a little sparse.The company is winning contracts but remains still a few years from profitability.10 stocks we like better than Redwire › Shares of Redwire Corporation (NYSE: RDW), a builder of orbital s...The Motley Fool
an hour ago
Adtran falls after boosted $175 mln convertible bonds sale
** Shares of networking and communications provider Adtran Holdings ADTN.O down 1.9% at $8.69 early Weds after above-target capital raise** Huntsville, Alabama-based firm early Weds announced pricing $175 mln 3.75% 5-yr convertible bonds offering** Initial conversion price of $11.52 is 30% above sto...Reuters
2 hours ago
Regeneron climbs as bone disorder drug succeeds in late-stage trial
** Shares of drugmaker Regeneron Pharmaceuticals REGN.O rise 1.9% to $585.67 ** Co says its experimental treatment, garetosmab, significantly reduced abnormal bone formation in patients with fibrodysplasia ossificans progressiva ** FPO is a condition where muscle, tendon and ligament tissues gradual...Reuters
2 hours ago
EMERGING MARKETS-LatAm stocks climb, FX steady ahead of twin rate calls
LatAm stocks up 0.6%; FX up 0.1%Brazil's rate decision due at 1730 ET Mexico begins public consultation process for USMCAFed's rate decision due at 1400 ETBy Pranav Kashyap Sept 17 (Reuters) - Latin American stocks edged higher on Wednesday as investors counted down to a widely expected r...Reuters
2 hours ago
Meet Quantum Computing's Potential Monster Stocks of the Next Decade (Hint: Not IonQ)
Key PointsQuantum computing has attracted growth investors due to its disruptive potential within the broader AI narrative.Nvidia dominates the AI landscape, and its GPUs and CUDA software are well-positioned for the quantum era, too.Alphabet has quietly built a robust quantum ecosystem spanning har...The Motley Fool
2 hours ago
