News
Important Only
Stocks
D.A. Davidson raises Airbnb to 'buy', cuts price target
** D.A. Davidson upgrades Airbnb ABNB.O to 'buy' from 'neutral', citing relative resilience of online leisure travel spend, focus on affordability, new product cycle and reasonable valuation** Brokerage cuts co's price target to $155 from $170, the new price target shows 23.5% up...Reuters
Wed, Apr 30
Stocks
Tesla Stock Investors Look to Other Segments as EV Sales Fall
Elon Musk has prepared Tesla (NASDAQ: TSLA) stock investors to overlook declining car sales by pointing to other categories and future products.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »*Stock prices used w...The Motley Fool
Wed, Apr 30
Stocks
Investors eye activist intervention as MongoDB struggles with growth and valuation
Investing.com -- MongoDB (NASDAQ:MDB), once a high-flying software darling, is facing calls from investors for a shake-up, as shares remain down more than 50% from their 52-week high and full-yearInvesting.com
Wed, Apr 30
Stocks
AppLovin, Unity Software slide on report Edgewater flags mobile gaming slowdown
** Shares of mobile gaming ad platform AppLovin APP.O fall 7.9% to $266.11 after a report says Edgewater Research flags decelerating mobile gaming** Video-game software maker Unity Software U.N slides 6% to $20.99** thefly.com reports that Edgewater cut estimates for both companies ** Edgewater said...Reuters
Wed, Apr 30
Other
Morgan Stanley investors should reject proposal to expand equity incentives, ISS says
By Niket Nishant and Tatiana Bautzer April 30 (Reuters) - Institutional Shareholder Services has urged investors to reject Morgan Stanley's MS.N proposal to expand its equity incentive compensation plan, as the proxy adviser escalates its pushback against Wall Street.The investment bank had ...Reuters
Wed, Apr 30
Other
Fitch assigns Barbados-based Ocean Re an A-minus rating
By Isha MaratheApril 30 - (The Insurer) - Fitch Ratings has assigned Barbados-based Ocean International Reinsurance Company an insurance financial strength rating of A-minus, with a stable rating outlook. Ocean Re's rating reflects its 'very strong' capitalization and financial performa...Reuters
Wed, Apr 30
Stocks
TotalEnergies CEO seeks to reassure investors after smaller profit, higher debt
First quarter adjusted net profit drops 18% versus a year agoAll business segments down except LNGNet debt rises to $20.1 billion, up 42% vs a year agoFree cash flow not enough to cover buybacks, dividendsBy America Hernandez PARIS, April 30 - Europe's willingness to buy more liquefied na...Reuters
Wed, Apr 30
Other
E&S property market succumbs to gravitational pull
By David BullApril 30 - (The Insurer) - January's devastating California wildfires led at the time to some discussion about a potential moderating influence on E&S property rate softening. Reinsurer discipline at January 1 renewals meant there were no concessions on the higher retentions set...Reuters
Wed, Apr 30
Stocks
Tariffs Weigh on GE HealthCare Outlook
Here's our initial take on GE HealthCare's (NASDAQ: GEHC) first-quarter financial report.Key MetricsMetricQ1 FY24Q1 FY25Changevs. ExpectationsRevenue$4.65 billion$4.78 billion 3%BeatEarnings per share$0.81$1.23 52%BeatNet income margin8%11.8% 380 bpsn/aFree cash flow$274 million$98 million-64%n/aStr...The Motley Fool
Wed, Apr 30
Other
Badminton-China and South Korea top their groups at Sudirman Cup
XIAMEN, China, April 30 (Reuters) - Hosts and defending Sudirman Cup champions China topped their group with a 4-1 win over Thailand while South Korea did likewise after they defeated Taiwan by the same score at the biennial mixed team competition on Wednesday.Hong Kong and Canada were already out o...Reuters
Wed, Apr 30
Other
E&S property close to freefall as underwriters give ground on rates and T&Cs
Many loss-free accounts achieving rate decreases of 20% or more Some loss-hit accounts also pricing downNo sign of an impact on insurer appetite from 2024 hurricanes or Q1 wildfiresCarriers giving up rate, T&Cs and deductibles as they pursue growth targetsStill-high reinsurance retentions mean g...Reuters
Wed, Apr 30
Other
Mexico's Sheinbaum says Trump's easing of auto tariffs a 'step forward'
MEXICO CITY, April 30 (Reuters) - Mexican President Claudia Sheinbaum on Wednesday said her government was analyzing U.S. President Donald Trump's executive orders easing tariffs on car makers, which she called a step forward and recognition of the U.S.-Mexico-Canada trade deal.Reuters
Wed, Apr 30
Stocks
Raymond James down after BofA downgrades to 'neutral'
** Wealth manager Raymond James RJF.N shares fall ~2.4% to $134.82** BofA downgrades RJF to "neutral" from "buy", saying co's private client organic growth continues to slow down** Brokerage says RJF's private client business and the attached bank contribute 80% of co's t...Reuters
Wed, Apr 30
Other
ASM International says it started manufacturing tools in the U.S.
April 30 (Reuters) - Dutch chip-making equipment supplier ASM International ASMI.AS has started local production of tools for U.S. chipmakers in response to the U.S. tariffs backdrop, its Chief Executive said on Wednesday."We've already started to manufacture some of the tools for our custom...Reuters
Wed, Apr 30
Other
Google hopes to reach Gemini deal with Apple this year
WASHINGTON, April 30 (Reuters) - Google hopes to enter an agreement with Apple by the middle of this year to include its Gemini AI technology on new phones, CEO Sundar Pichai said in testimony at an antitrust trial on Wednesday.Reuters
Wed, Apr 30
Cryptocurrencies
Dogecoin Price Closes April In The Green, Historical Data Shows What To Expect In May
The Dogecoin price saw a much-needed rebound in the month of April after three months of agony for investors as its price crashed over 60%. On average, the meme coin is up by more than 6% this month, bringing it close to the $0.2 level, although unable to break it. With the month drawing to […...Bitcoinist
Wed, Apr 30
Stocks
Public Service Enterprise down on Q1 profit miss
** Shares of electric and gas utility company Public Service Enterprise Group PEG.N down 4.3% at $78.13** Company misses Q1 estimate, hurt by higher operating and interest expenses** Posts adjusted profit of $1.43/share vs estimate of $1.44/share - data compiled by LSEG** Company's Q1 net income...Reuters
Wed, Apr 30
