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U.S. August PCE Inflation Data Released.What Signals Will Powell and Top Fed Officials Deliver?【The week ahead】
TradingKey - U.S. stocks extended gains last week, with the Dow Jones Industrial Average rising 1.05%, the Nasdaq Composite advancing 2.21%, and the S&P 500 climbing 1.22%.
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an hour ago
Roche, muscling into weight-loss drug race, advances obesity treatment to late-stage trial
Roche moves drug acquired from biotech Carmot into Phase 3 trialCompany targets obesity market led by Eli Lilly, Novo NordiskHas six experimental drugs for obesity, related conditionsPlans obesity drug launches by 2030By Maggie Fick LONDON, Sept 22 (Reuters) - Swiss drugmaker Roche ROG.S signalle...Reuters
14 minutes ago
T-Mobile names Srini Gopalan as CEO
Sept 22 (Reuters) - T-Mobile's TMUS.O current chief operating officer, Srini Gopalan, will take over from Mike Sievert as the company's next CEO effective November 1, the company said on Monday.Shares of T-Mobile fell nearly 2% in premarket trading. Sievert, who took charge as CEO in April 2...Reuters
15 minutes ago
Metsera soars on Pfizer's $4.9 billion buyout deal
** Shares of obesity drug developer Metsera MTSR.O jump 56.3% to $52.08 premarket** Pfizer PFE.N says it will buy Metsera in a deal valued at $4.9 billion** PFE will pay MTSR for $47.50 per share in cash, with an additional $22.50 per share contingent on the achievement of certain performance milest...Reuters
27 minutes ago
Pfizer to buy weight-loss drug developer Metsera in $7.3 billion deal
Sept 22 (Reuters) - Pfizer PFE.N said on Monday it would acquire weight-loss drug developer Metsera MTSR.O in a deal valued up to $7.3 billion, which includes future payments, to secure its position in the lucrative obesity treatment market.The U.S. obesity drug market has been booming over the last...Reuters
28 minutes ago
3 "Diamonds" Hiding Inside the Battered Consumer Staples Sector
Key PointsDespite its reputation for resilience, the consumer staples sector has been among the worst performing groups all year.Among the laggards, several high quality "diamonds" can be found.Although a rate cut cycle is underway, the case can still be made for keeping some exposure to defensive s...The Motley Fool
30 minutes ago
Is Brookfield Asset Management Stock a Buy Now?
Key PointsBrookfield Asset Management shares are up 29% during the past year versus 17% for the S&P 500 index.The company has huge growth plans, including a goal of increasing its dividend 15% a year through at least 2029.If the dividend keeps rising as planned, the stock could keep rising, too.10 s...The Motley Fool
31 minutes ago
CANADA STOCKS-TSX futures tick higher following last week's rally
Sept 22 (Reuters) - Futures tied to Canada's main stock index edged higher on Monday, after posting a seventh straight weekly gain last week, with markets cheering the Bank of Canada's rate cut to support the domestic economy. Futures for the S&P/TSX index .SXFcv1 rose 0.3% to 1,767.10 p...Reuters
35 minutes ago
Brokerages raise miner Barrick's PT on larger-than-expected Nevada gold find
** Barrick Mining B.N up 3.1% at $34.05 premarket** Brokerages raise price target after miner reported assessment of its Fourmile gold project in Nevada** Barrick shares also supported by uptick in spot gold prices XAU=, which hit a record high GOL/ ** Jefferies and CIBC Capital Markets raise PT t...Reuters
35 minutes ago
Qualigen Therapeutics soars on Faraday Future's $41 million crypto bet
** Shares of Qualigen Therapeutics QLGN.O rise 312% to $11.73 premarket** EV maker Faraday Future FFAI.O said on Sunday it is investing $41 million in QLGN** FFAI will invest $30 million, while its founder YT Jia will invest $4 million with a two-year lockup; other backers include blockchain firm SI...Reuters
35 minutes ago
If You Invested $1,000 in Carnival Stock 3 Years Ago, Here's How Much You'd Have Today
Key PointsCarnival's business has bounced back following the struggles during the depths of the pandemic. Rising revenue and profits have supported a soaring stock price. Despite the huge gains, investors will find that the current valuation is attractive. 10 stocks we like better than Carnival Co...The Motley Fool
37 minutes ago
Jefferies cuts PT on McCormick citing EMEA pressures heading into Q3
** Brokerage Jefferies cuts PT on spices and condiments maker McCormick and Company MKC.N to $84 from $90** Jefferies sees MKC facing some near-term challenges especially in flavor solutions as big packaged companies have softer volumes and EMEA geopolitical issues are hurting quick-service restaura...Reuters
40 minutes ago
Scotiabank initiates coverage on power producers
** Brokerage Scotiabank initiates coverage on U.S. independent power producers on the back of robust outlook for electricity demand** Brokerage says it has bullish fundamental views on the companies owing to downside protection, strong balance sheets and cash flow generation** "Demand is coming ...Reuters
42 minutes ago
Premier climbs on $2.6 billion go-private deal
** Shares of healthcare service provider Premier PINC.O rise 9.5% to $28.20 premarket** Premier says it will be acquired by private equity firm Patient Square Capital in deal valued at $2.6 billion** Premier shareholders will receive $28.25 per share in cash, 9.7% premium to Friday's close** Dea...Reuters
47 minutes ago
Coinbase Considers Releasing a New Network Token. Could This Move Buoy the Stock?
Key PointsIf the token is part of a strategy to build the Base community, it could add long-term value.The token's purpose matters: A governance token could dilute shareholder control, but a utility token wouldn't. 10 stocks we like better than Coinbase Global › Coinbase Global (NASDAQ: COIN) CEO B...The Motley Fool
48 minutes ago
New Bill Would Eliminate Federal Taxes on Social Security Benefits
Key PointsSen. Ruben Gallego has proposed a bill that would eliminate all taxes on Social Security benefits.The bill would also expand the Social Security payroll tax to apply to incomes over $250,000. According to experts, the plan could extend the Social Security trust fund’s ability to pay full b...The Motley Fool
54 minutes ago
HEDGE FLOW -Hedge funds pile into banks, insurance, consumer finance, Goldman Sachs says
By Nell Mackenzie LONDON, Sept 22 (Reuters) - Hedge funds bought banks, insurance and consumer finance companies last week at the fastest pace in three months, Goldman Sachs said in a research note, amid increased dealmaking expected to boost profits and an expected further loosening of regulatio...Reuters
57 minutes ago
MORNING BID AMERICAS-High price to pay
By Anna SzymanskiWhat matters in U.S. and global markets todayBy Anna SzymanskiWhile investors last week welcomed the Federal Reserve’s first rate cut of 2025 and signals of further easing, sentiment is more cautious today, with U.S. stock futures easing slightly before the bell. President Donald T...Reuters
an hour ago
