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Nexstar to buy smaller rival Tegna for $3.54 billion in big local-TV deal
Aug 19 (Reuters) - Nexstar Media has agreed to buy smaller rival Tegna for $3.54 billion, creating a local-TV powerhouse that seeks to compete better with Big Tech and national media for advertising dollars.Tuesday's deal will expand Nexstar's NXST.O presence in nine of the top 10 U.S. marke...Reuters
7 minutes ago
RPT-BREAKINGVIEWS-Soho House throws a sedate $2.7 bln deal party
By Karen Kwok LONDON, Aug 18 (Reuters Breakingviews) - When VIPs like Apollo Global Management APO.N and actor-turned-venture capitalist Ashton Kutcher show up, the expectation might be for the finance equivalent of a blow-out party. Soho House’s SHCO.N take-private, announced on Monday, is a lit...Reuters
10 minutes ago
PRECIOUS-Gold gains on weakness in dollar, yields; Jackson Hole summit in focus
Fed minutes due on WednesdayFed's Jackson Hole symposium scheduled for August 21-23Trump says U.S. would help assure Ukraine security in peace dealBy Ishaan Arora Aug 19 (Reuters) - Gold prices rose on Tuesday, buoyed by lower treasury yields and a weaker dollar amid prospects of lower U.S. i...Reuters
11 minutes ago
GLOBAL MARKETS-European shares rise, oil falls as investors digest Ukraine peace efforts
Traders evaluate diplomatic signals between Russia and UkraineEuropean defence stocks fall as traders take profit Markets eye Fed's Jackson Hole symposium for policy hints Bonds steady after recent selloff By Alun John and Rocky Swift LONDON/TOKYO, Aug 19 (Reuters) - European stocks rose and ...Reuters
11 minutes ago
Old Republic International rises on new $750 mln buyback plan
** Shares of insurance firm Old Republic International ORI.N up 2.47% at $39 premarket** Co announces a new $750 million share repurchase program** New $750 mln buyback will begin after remaining $162 mln under the $1.10 bln program, announced on March 1 last year, is completed** The buyback, in lin...Reuters
12 minutes ago
Tegna rises after agreeing to $3.54 bln takeover by Nexstar
** Media company Tegna's TGNA.N shares rise 4% to $20.99 in premarket trading** Television broadcaster Nexstar Media Group NXST.O to acquire Tegna for $3.54 bln** Offer of $22 per share represents about 44% premium to Tegna's Aug. 8 closing price, before deal reports; overall deal valued at ...Reuters
15 minutes ago
Caterpillar rises after Evercore lifts rating, PT
** Construction equipment maker Caterpillar's shares CAT.N rise 1.8% to $420 premarket** Evercore ISI upgrades rating to "outperform" from "in line", lifts price target to $476 from $373** Notes CAT's "recent resilience in construction equipment margins amid price-cost ne...Reuters
18 minutes ago
Wedbush lifts GM PT on better tariff mitigation strategy
** Wedbush raises General Motors GM.N PT to $65 from $55, an upside of 15.6% from the stock's last close** Maintains rating at "outperform"** Brokerage says co has adopted various strategies, including shifting production and optimizing costs and logistics, to reduce the impact of tariff...Reuters
23 minutes ago
U.S. STOCKS ON THE MOVE-Intel, Palo Alto, Home Depot
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock index futures were muted on Tuesday as investors awaited earnings reports from major retailers for insights on the health of the American consumer, and a key Federal Reserve confe...Reuters
24 minutes ago
Black Hills falls on deal to acquire NorthWestern Energy for $3.6 billion
** Shares of utility company Black Hills BKH.N down 3.6% at $58.20 premarket** Co says it would buy peer NorthWestern Energy Group NWE.O for $3.6 billion** Under the agreement, NWE shareholders will receive 0.98 shares of BKH for each held** The all-stock deal will create a regional regulated natura...Reuters
24 minutes ago
Peabody rises after terminating planned acquisition with Anglo American
** Shares of coal miner Peabody Energy BTU.N up 6.4% at $18.20 premarket** Company terminates its $3.78 billion bid for Anglo American's AAL.L coking coal mines, citing a "material adverse change" related to the coal assets** BTU says the decision to terminate the transaction comes nearl...Reuters
31 minutes ago
H20’s “Backdoor” Scandal Unresolved — Why Is NVIDIA Pushing Another China-Specific Chip?
TradingKey - After the partial lifting of export restrictions on its H20 chip in China, NVIDIA is accelerating the development of its next-generation product tailored for the Chinese market. According to Reuters, citing sources on August 19
TradingKey
31 minutes ago
SOFTS-Arabica coffee sets two-month high, cocoa falls
LONDON, Aug 19 (Reuters) - Arabica coffee futures on ICE rose to a two-month high on Tuesday, boosted by speculative buying linked to low exchange stocks and bullish price charts. COFFEE* Arabica coffee futures KCc1 rose 0.6% to $3.4570 per lb by 1119 GMT after setting a two-month hig...Reuters
33 minutes ago
US STOCKS-Wall St futures subdued as Home Depot puts retail earnings in spotlight
Futures: Dow up 0.01%, S&P 500 down 0.11%, Nasdaq off 0.14%Home Depot slips after missing quarterly results estimatesIntel gains as SoftBank investment chips inPalo Alto Networks forecasts strong fiscal 2026 revenue and profitBy Johann M Cherian and Sanchayaita Roy Aug 19 (Reuters) - U.S. st...Reuters
33 minutes ago
Viking Therapeutics' oral pill helps up to 12.2% weight-loss in mid-stage study
Aug 19 (Reuters) - Viking Therapeutics VKTX.O said on Tuesday its experimental weight-loss pill helped people with obesity lose up to 12.2% of their body weight over 13 weeks in a keenly-watched mid-stage study.Shares of the company slumped 30% in premarket trading after the company reported that, ...Reuters
33 minutes ago
Premier Inc reports results for the quarter ended June 30 - Earnings Summary
Premier Inc PINC.OQ reported quarterly adjusted earnings of 46 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 69 cents. The mean expectation of eight analysts for the quarter was for earnings of 34 cents per share. Wall Stree...Reuters
38 minutes ago
Should You Forget XRP and Buy This Soaring Cryptocurrency Instead?
Key PointsSo far this year, XRP has outperformed both Bitcoin and Ethereum.Much of its strength is tied to perceived value following a series of favorable regulatory developments for its issuer, Ripple.While these victories are positive for Ripple, they do not necessarily spell long-term upside for ...The Motley Fool
40 minutes ago
Medtronic says will add two independent directors after Elliott takes large stake
Aug 19 (Reuters) - Medtronic MDT.N said on Tuesday it would add two new directors to its board after Elliott Investment Management became one of its largest shareholders. Separately, Medtronic raised its fiscal 2026 adjusted profit forecast to between $5.60 and $5.66 per share, from $5.50 to $5.60 p...Reuters
43 minutes ago
Viking Therapeutics' oral obesity drug meets mid-stage study goal, shares fall
** Shares of drug developer Viking Therapeutics VKTX.O fall 18% to $33.96 premarket ** Co says its experimental oral obesity drug, VK2735, showed statistically significant reductions in body weight compared with placebo and was safe and well-tolerated through 13 weeks of daily dosing** Co says the d...Reuters
43 minutes ago
3 Reasons to Buy XRP Before 2026
Key PointsTwice already in 2025, XRP has given investors a taste of just how fast it can soar in value.The end of regulatory uncertainty, combined with anticipation of new spot ETFs, could send XRP much higher.Some analysts expect XRP to triple or quadruple in value, but you should approach these pr...The Motley Fool
55 minutes ago
