News
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Wells Fargo investors approve executive pay as compliance fixes gain momentum
By Nupur Anand NEW YORK, April 29 (Reuters) - Wells Fargo WFC.N shareholders on Tuesday approved executive pay packages and appointment of directors with strong majority support.Most of the company proposals received over 90% shareholders' votes in favor of the motion while all the shareholde...Reuters
Tue, Apr 29
Other
OSI Systems Inc expected to post earnings of $2.40 a share - Earnings Preview
OSI Systems Inc OSIS.OQ OSIS.O is expected to show a rise in quarterly revenue when it reports results on May 1 for the period ending March 31 2025The Hawthorne California-based company is expected to report a 7.7% increase in revenue to $436.488 million from $405.41 million a year ago, according ...Reuters
Tue, Apr 29
Cryptocurrencies
Key Takeaways From The SEC’s 3rd Crypto Roundtable Focusing On Custody Issues
In a recent roundtable hosted by the US Securities and Exchange Commission’s (SEC) Crypto Task Force, industry leaders gathered to discuss the crypto custody for broker-dealers and investment advisers. Ryan Louvar, Chief Legal Officer and Head of Business and Legal Affairs for Digital Assets at Wisd...Bitcoinist
Tue, Apr 29
Technical Analysis
EUR/USD Price Analysis: Bullish trend holds despite minor pullback after European session
The EUR/USD is flashing a bullish tone on Tuesday’s session after the European close, even as the pair slightly retraced from earlier highs and now trades near the mid-1.13 to low-1.14 area. Despite a modest dip during the session, broader technical signals continue to suggest upside potential.
Fxstreet
Tue, Apr 29
Other
BREAKINGVIEWS-Pfizer has unreasonable whiff of the Marlboro Man
By Robert Cyran NEW YORK, April 29 (Reuters Breakingviews) - What makes Pfizer PFE.N and Altria MO.N alike? They have trouble keeping their customers. The pharmaceutical company’s therapies protecting against and treating Covid-19 are less crucial as the pandemic ebbs, and further products will a...Reuters
Tue, Apr 29
Forex
FOREX-US dollar recovers on easing trade tension, prospect of tariff deals
Dollar on pace for largest monthly fall vs euro since November 2022 Yen to gain from widening rate gap as central banks cutTrump seeks to ease impact of auto tariffsUS JOLTS data shows sharp drop in MarchUS consumer confidence sinks in AprilBy Gertrude Chavez-Dreyfuss and Stefano Rebaudo NEW YORK...Reuters
Tue, Apr 29
Other
Golf-Creamer named U.S. assistant captain for Solheim Cup
April 29 (Reuters) - U.S. Solheim Cup Captain Angela Stanford on Tuesday named major champion Paula Creamer as her second assistant captain for next year's Solheim Cup at Bernardus Golf in the Netherlands.The 38-year-old Creamer, a 10-times winner on the LPGA Tour, will join Stanford and fellow ...Reuters
Tue, Apr 29
Stocks
CANADA STOCKS-TSX muted as focus shifts from Carney's victory back to trade war
By Sanchayaita Roy and Sukriti Gupta April 29 (Reuters) - Canada's main stock index was subdued in choppy trading on Tuesday, as cautious investors moved on from the country's elections to focus on the potential economic impact of a global trade war triggered by U.S. President Donald Tru...Reuters
Tue, Apr 29
Stocks
Leggett & Platt eyes best day ever after 2025 outlook maintained
** Shares of diversified manufacturer Leggett & Platt LEG.N last up 25% to $9.09 and top S&P 1500 .SPSUP performers on Tues after co backed full-yr guidance** LEG shares on course for record daily pct gain, and hit about two-mth high** Carthage, Missouri-based firm late Mon said it could see...Reuters
Tue, Apr 29
Stocks
Raymond James cuts Southwest Airlines PT; shares up
** Raymond James cuts price target on Southwest Airlines LUV.N to $40 from $42, citing weakness in domestic "main cabin"** New PT still a 50% upside to stock's last close ** Co's shares up 1.2% at $27 in early trading ** "We viewed 2Q25 as the highest risk quarter given the lag t...Reuters
Tue, Apr 29
Other
Fitch: Credit trends for US insurers likely strained by tariffs
By Isha MaratheApril 29 - (The Insurer) - Though U.S. insurers are not directly affected by tariffs, they are exposed to second-order effects of market volatility and will likely see their credit trends pressured in 2025 as the outlook for trade, economic growth and inflation worsens, Fitch Ratings...Reuters
Tue, Apr 29
Other
Abu Dhabi wealth fund ADQ sells $2 billion bond, document shows
April 29 (Reuters) - Abu Dhabi's sovereign wealth fund, ADQ, sold a $2 billion two-tranche bond on Tuesday, marking its first debt sale of the year, according to a document seen by Reuters.ADQ, formally known as Abu Dhabi Developmental Holding Co, sold a $1-billion 5-year tranche at 85 basis poi...Reuters
Tue, Apr 29
Stocks
Honeywell faces $500 million tariff impact, but Kapur says mitigation in place
Investing.com -- Honeywell International Inc (NASDAQ:HON) disclosed it expects up to $500 million in tariff-related exposure this year, largely driven by rising tensions with China, but its leadershipInvesting.com
Tue, Apr 29
Technical Analysis
GBP/USD slips below 1.34 as risk rally fades, US data disappoints
The Pound Sterling depreciates against the US Dollar and falls after testing the year-to-date (YTD) high of 1.3443. However, it fails to remain above 1.34 as it extends its losses. At the time of writing, the GBP/USD trades at 1.3379, down 0.29%.
Fxstreet
Tue, Apr 29
Stocks
Fomento Economico Mexicano SAB de CV reports results for the quarter ended March 31 - Earnings Summary
Fomento Economico Mexicano SAB de CV FMX.N reported quarterly adjusted earnings of $1.23 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 97 cents. The mean expectation of four analysts for the quarter was for earnings of 63 cents ...Reuters
Tue, Apr 29
Stocks
Wells Fargo rises after announcing $40 billion stock buyback program
** Wall Street giant Wells Fargo's WFC.N shares rise as much as 2.2%; last up 1.3% at $70.30** WFC announces new stock repurchase program of up to $40 billion, which will take effect upon the completion of the current repurchase program** Wall Street expects buyback activity to accelerate throug...Reuters
Tue, Apr 29
