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Post-Bell | Wall St Ends Lower By AI-Disruption Fears, Tariff Uncertainty. Novo Nordisk Tumbles 16%; IBM Plunges 13%; Tesla, Microsoft down 3%; Nvidia up 1%
01 Stock MarketWall Street stocks tumbled on Monday, as ongoing fears of artificial intelligence-related disruption and the fallout from Friday's U.S. Supreme Court ruling sent investors fleeing from high-risk equities.A broad selloff sent all three major U.S. stock indexes more than 1% lower by the...Tiger News
15 minutes ago
Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix, source says
Paramount's new bid improves on the $30 per share all-cash offer — sourceWarner Bros shareholders to vote on Netflix offer on March 20Ancora Capital pressures Warner Bros to engage with ParamountBy Dawn Chmielewski Feb 23 (Reuters) - Paramount Skydance PSKY.O submitted a higher offer for Warn...Reuters
39 minutes ago
Hims & Hers forecasts first-quarter sales below estimates, shares fall
Shares fall 7% after hoursPersonalized weight-loss products generate $65 million headwind in Q1Overseas expansion to boost growth in non-weight-loss businessBy Sneha S K and Amina Niasse Feb 23 (Reuters) - Online telehealth company Hims & Hers Health HIMS.N, which sells weight-loss drugs, ho...Reuters
47 minutes ago
JPMorgan sees strong first-quarter growth in dealmaking, trading
By Lananh Nguyen and Manya Saini NEW YORK, Feb 23 (Reuters) - JPMorgan Chase JPM.N expects investment banking fees and markets revenue to log strong growth in the first quarter, easing concerns that a recent equity market sell-off has hit deal pipelines.Investor concerns grew in recent weeks that...Reuters
52 minutes ago
Software, Payments Stocks Sink After Citrini Post on AI Risks
On Monday, the "scare trade in artificial intelligence" occurred again. Due to the growing concerns about the disruptive power of artificial intelligence, the stock prices of delivery, payment and software companies dropped. IBM even suffered its most severe decline in 25 years.This incident began a...Tiger News
an hour ago
GLOBAL MARKETS-Stocks lower, gold settles higher as Trump's tariffs spread uncertainty
Wall Street stocks fall and gold rises on US tariff uncertaintyTrump announces 15% tariff after Supreme Court rulingInvestors try to work out winners and losers from new regimeUS Treasury yields fallOil prices settle lowerBy Chibuike Oguh and Harry Robertson NEW YORK/LONDON, Feb 23 (Reuters) - Gl...Reuters
2 hours ago
Erie Indemnity's profit falls on $100 million charitable contribution
Feb 23 (Reuters) - Property and casualty insurer Erie Indemnity ERIE.O reported a fall in fourth-quarter profit on Monday, hit by a $100 million charitable contribution made to the Erie Insurance Foundation. Net income fell to $63.4 million, or $1.21 per diluted share, in the three months ended Dece...Reuters
2 hours ago
Patria fully exits Brazil's Smartfit
SAO PAULO, Feb 23 (Reuters) - Brazilian investment firm Patria Investments PAX.O said on Monday it offloaded its entire stake in gym chain Smartfit SMFT3.SA in an 890 million real ($172.3 million) deal.Patria first invested in Smartfit in 2010, 11 years before the gym chain's initial public offe...Reuters
2 hours ago
Paramount Skydance rises after report it submitted higher bid for Warner Bros
Paramount Skydance's PSKY.O shares rise 2.8% to $10.85 in extended tradingCo submits higher offer for Warner Bros Discovery WBD.O, according to a source familiar with the matterPSKY has been attempting to derail Netflix's NFLX.O deal with WBDWBD and NFLX up marginally in extended tradingWBD ...Reuters
2 hours ago
Top 10 US Stock Losers (2.23)
Novo Nordisk AS(NVO) fell 16.43%, with a trading turnover 3.9 Billion USD, and a year-to-date fell 22.1%. GRAIL(GRAL) fell 14.3%, with a trading turnover 235.2 Million USD, and a year-to-date fell 49.7%. IBM(IBM) fell 13.15%, with a trading turnover 4.5 Billion USD, and a year-to-date fell 24.2%.Longport
2 hours ago
Top 5 US Stock Gainers/Losers (>100B) (2.23)
Agnico Eagle Mines(AEM) rose 5.36%, with a trading turnover 637.0 Million USD, and a year-to-date rose 41.9%. Eli Lilly(LLY) rose 4.86%, with a trading turnover 5.0 Billion USD, and a year-to-date fell 1.3%. Novo Nordisk AS(NVO) fell 16.43%, with a trading turnover 3.9 Billion USD, and a year-to-date fell 22.1%. IBM(IBM) fell 13.15%, with a trading turnover 4.5 Billion USD, and a year-to-date fell 24.2%.Longport
2 hours ago
Top 5 CDRs Gainers/Losers (>100M) (2.23)
Zepp Health(ZEPP) rose 6.15%, with a trading turnover 1.2 Million USD, and a year-to-date fell 15.4%. Silvercorp Met(SVM) rose 6.08%, with a trading turnover 110.4 Million USD, and a year-to-date rose 48.6%. Kingsoft Cloud(KC) fell 8.97%, with a trading turnover 26.2 Million USD, and a year-to-date rose 21.8%. Cango(CANG) fell 6.95%, with a trading turnover 1.0 Million USD, and a year-to-date fell 45.4%.Longport
2 hours ago
Top 10 US Stock Gainers (2.23)
Arcellx(ACLX) rose 77.43%, with a trading turnover 3.7 Billion USD, and a year-to-date rose 74.5%. Enhabit Home Health & Hospice(EHAB) rose 22.63%, with a trading turnover 175.3 Million USD, and a year-to-date rose 47.5%. Tandem Diabetes(TNDM) rose 15.02%, with a trading turnover 183.8 Million USD, and a year-to-date rose 28.6%.Longport
2 hours ago
TRADING DAY-Trump tariff chaos hits US stocks hardest
By Jamie McGeever ORLANDO, Florida, Feb 23 (Reuters) - Wall Street fell sharply on Monday as renewed global tariff uncertainty and rumbling software-fueled AI fears slammed shares and steered investors to the traditional safe-haven harbors of gold, Treasuries and the Swiss franc. In my colum...Reuters
2 hours ago
Con Edison slips after announcing stock offering
Utility Consolidated Edison's ED.N shares down 1.5% to $110.50 post-market after planned equity raise news New York City-based firm announces 7 mln share offering as part of forward sale agreement with underwriter JP Morgan Upon agreement's settlement, expected to occur by end of 2...Reuters
2 hours ago
Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix, source says
By Dawn Chmielewski Feb 23 (Reuters) - Paramount Skydance PSKY.O submitted a higher offer for Warner Bros Discovery WBD.O, a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix.The bidding war for one of Hollywood's...Reuters
3 hours ago
Keysight forecasts quarterly profit above estimates on strong data center-led demand
Feb 23 (Reuters) - Electronic equipment maker Keysight Technologies KEYS.N forecast second-quarter profit ahead of Wall Street estimates on Monday, sending its shares up more than 15% in after-market trading.Keysight, which offers electronic design, testing and simulation software, has benefited fro...Reuters
3 hours ago
Bed Bath & Beyond up after Q4 revenue beat
Shares of e-commerce company Bed Bath & Beyond BBBY.N up 5% at $5.33 after the bellCo beats quarterly sales estimates, boosted by product categories and home services that bring in customersReports Q4 net revenue of $273.4 million, beating estimates of $259.1 million, as per LSEG dataLogs quarte...Reuters
3 hours ago
US STOCKS-Wall Street ends sharply lower amid AI displacement fears and revived tariff angst
Indexes down: Dow 1.66%, S&P 500 1.04%, Nasdaq 1.13%Airlines, travel shares slide amid huge winter stormEli Lilly up as Novo Nordisk's drug underperforms in trialDomino's up after Q4 same-store sales beatBy Stephen Culp and Shashwat Chauhan NEW YORK, Feb 23 (Reuters) - Wall Street sto...Reuters
3 hours ago
Tandem Diabetes falls after announcing planned $200 mln convertible offering
Tandem Diabetes Care TNDM.O shares down 6.9% to $26.30 i n extended trading as it looks to raise capital San Diego, California-based insulin pump maker announces private offering of $200 mln convertible bonds due 2032 Co plans to use net offering proceeds for acquisitions or strategic i...Reuters
3 hours ago
