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Stocks
Progressive gains after Bank of America reinstates "buy" rating
** Progressive Corp's PGR.N shares rise 1.1% to $267.97 after Bank of America analysts upgraded the property and casualty insurer to "buy" from "neutral"** Earlier this month, BofA downgraded PGR to "neutral" from "buy" and cut its PT to $287 from $300** But BofA ...Reuters
Mon, Apr 28
Other
AM Best: US P&C insurers generated high investment returns and exceeded cost of capital in 2024
By Isha MaratheApril 28 - (The Insurer) - U.S. property/casualty insurers generated high investment returns and were able to exceed their cost of capital in 2024 despite another year of elevated catastrophe losses, AM Best said.In a new report, AM Best said U.S. property casualty lines recorded an ...Reuters
Mon, Apr 28
Other
Deals of the day - Mergers and acquisitions
April 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday: ** Sabre Corp SABR.O said on Monday it will sell its hospitality software platform to asset manager TPG TPG.O for $1.1 billion and use the cash to pare its debt. nL4N3R615X ** NCC G...Reuters
Mon, Apr 28
Stocks
Moody’s affirms Alphabet’s Aa2 rating, citing strong financial footing
Investing.com -- Moody’s Ratings on Monday affirmed Alphabet Inc’s (NASDAQ:GOOGL) Aa2 long-term issuer and senior unsecured debt ratings and assigned the same rating to a new series of proposed seniorInvesting.com
Mon, Apr 28
Other
Distinguished Programs hires Intact's Ferreira and Peters to lead new commercial surety program
By Isha MaratheApril 28 - (The Insurer) - Distinguished Programs has hired Miguel Ferreira and Brian Peters from Intact to lead its new commercial surety program, which is backed by a subsidiary of Core Specialty Insurance Holdings.The commercial surety division will offer customized bonding soluti...Reuters
Mon, Apr 28
Cryptocurrencies
UAE FAB Bank and sovereign wealth fund ADQ to launch AED stablecoin
As stablecoins take center stage, banks globally and in the UAE are embracing the digital assets era. UAE First Abu Dhabi Bank (FAB), IHC, and ADQ sovereign investor will be launching a new AED-backed stablecoin regulated by the UAE Central Bank. The AED stablecoin will be issued by FAB. The trio aim to make payments […]Cryptopolitan
Mon, Apr 28
Other
US lawyer for Venezuelans held in El Salvador says government denied her access to clients
SAN SALVADOR, April 28 (Reuters) - A lawyer for ten Venezuelan men sent by the U.S. government to a prison in El Salvador says the Salvadoran government denied her access to meet with her clients.Kerry Kennedy, a human rights activist who is the daughter of assassinated U.S. politician Robert F. Ken...Reuters
Mon, Apr 28
Stocks
Why Taiwan Semiconductor Manufacturing Stock Is Sinking Today
Taiwan Semiconductor Manufacturing (NYSE: TSM) stock is declining in Monday's trading following potentially significant news about competitive dynamics in the semiconductor industry. The company's share price was down 1.4% as of 3:30 p.m. ET and had been off as much as 2.8% earlier in the session.TS...The Motley Fool
Mon, Apr 28
Commodities
Mexico will send more water to Texas to make up treaty shortfall, USDA says
WASHINGTON, April 28 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said on Monday that Mexico would increase its water shipments to Texas to help make up a shortfall under a 1844 treaty that outlines water-sharing between the countries.Reuters
Mon, Apr 28
Other
TREASURIES-US yields slip further ahead of heavy data slate
NEW YORK, April 28 (Reuters) - U.S. Treasury yields eased to near three-week lows on Monday, marking the half-way unwind from this month's bond rout as a dearth of new tariff news allowed investors to zero in on impending economic data, crowned by Friday's payrolls report.Trading was more m...Reuters
Mon, Apr 28
Stocks
Why Plug Power Stock Is Skyrocketing Today
Plug Power (NASDAQ: PLUG) stock is soaring in Monday's trading after the company published preliminary first-quarter results and announced a new funding move. The hydrogen fuel cell specialist's share price was up 28.8% as of 2:45 p.m. ET and had been up as much as 46.9% earlier in the session.Plug ...The Motley Fool
Mon, Apr 28
Indices
Dow Jones rebounds above 40,000 as traders brace for mega-cap earnings
The Dow Jones Industrial Average (DJIA) erased earlier losses and rose, posting gains of over 0.13%. Market participants were awaiting earnings reports of four of the seven mega-cap companies, which lowered most US equity indices, including the DJIA.Fxstreet
Mon, Apr 28
Other
Pirelli asserts independence from China's Sinochem as it seeks US expansion
Company says Rome's 'golden powers' mean Sinochem not in controlResolution opposed by five directors, including chairmanSinochem's stake seen as a hurdle for Pirelli's U.S. ambitionsSinochem says it's firmly opposed to the board's decisionBy Giulio Piovaccari MILAN, Ap...Reuters
Mon, Apr 28
Commodities
Ukraine's Zelenskiy: Minerals deal with US has become 'stronger, more equitable'
April 28 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Monday that an agreement with the United States on developing Ukraine's minerals had become "stronger, more equitable" after negotiations between the two sides."Today, our government officials also reported -- repre...Reuters
Mon, Apr 28
Other
After yield surge, US Treasury expected to keep auction sizes steady
Treasury expects to borrow $514 in second quarterInvestors focus on potential changes to auction sizesVolatility may prompt small cuts to longer-dated auctionsBy Karen Brettell NEW YORK, April 28 (Reuters) - The U.S. Treasury Department is expected to leave most of its auction sizes unchanged for...Reuters
Mon, Apr 28
Cryptocurrencies
Ethereum Shows 4H Bearish Divergence – Can Bulls Hold $1,750?
Ethereum is now facing a critical test as it trades within a tight range, sitting below the $1,850 resistance and above the $1,750 support. After a strong recovery from the $1,400 level earlier this month, bulls have managed to stabilize price action, but the real challenge is now unfolding. To conf...NewsBTC
Mon, Apr 28
Cryptocurrencies
Josh Hawley resurrects ‘Pelosi Act’ to ban elected officials from trading markets
Senator Josh Hawley has stated his intention to bring back the “Pelosi Act” to ban active members of Congress and their spouses from trading stocks, as he believes it raises a conflict of interest. Senator Josh Hawley reintroduced the legislation, which he claims will curb potential conflicts of interest among elected officials. Josh Hawley pushes […]Cryptopolitan
Mon, Apr 28
Other
US House panel proposes moving FTC antitrust work to DOJ in budget package
April 28 (Reuters) - The U.S. House of Representatives Judiciary Committee on Monday said it proposed transferring the Federal Trade Commission's antitrust work to the Department of Justice as part of a budget reconciliation package.The proposal would allocate funds for moving staff and cases fr...Reuters
Mon, Apr 28
Commodities
CBOT soybeans finish higher with soyoil
CHICAGO, April 28 (Reuters) - Chicago Board of Trade soybean futures finished higher in nearby contracts on Monday while soyoil futures also rose.CBOT soybeans recovered after weakening earlier in the session under pressure from concerns about U.S. President Donald Trump's trade war with China, ...Reuters
Mon, Apr 28
