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Stocks
South African rand jumps as markets ponder US tariffs
JOHANNESBURG, March 24 (Reuters) - South Africa's rand gained on Monday as investors awaited clarity on the next round of tariffs from U.S. President Donald Trump.At 1413 GMT, the rand traded at 18.1275 per dollar ZAR=D3, about 0.5% stronger than its previous close."The rand is gaining suppo...Reuters
Mon, Mar 24
Stocks
Generac rallies with market; BofA reinstates coverage at 'buy'
** Shares of Generac Holdings GNRC.N up 4% at $136.79, after touching nearly one-month high early Mon, amid broader rally in equities after Trump administration signals softer tariffs stance .N** BofA Global Research reinstates coverage of the home standby generator maker with 'buy' rating a...Reuters
Mon, Mar 24
Stocks
US STOCKS-Wall Street surges as tariff optimism boosts tech stocks
Indexes up: Dow 1.2%, Nasdaq 1.9%, S&P 1.5%S&P March flash Composite PMI at 53.5 vs 51.6 in FebLockheed Martin drops on brokerage downgradeCrypto stocks gain as bitcoin prices riseBy Sruthi Shankar and Johann M Cherian March 24 (Reuters) - Technology stocks led Wall Street's surge...Reuters
Mon, Mar 24
Commodities
Kazakhstan continues oil supply via CPC pipeline in normal mode, IFX reports
MOSCOW, March 24 (Reuters) - Kazakhstan is continuing to supply oil via the CPC pipeline in normal mode, Interfax news agency reported on Monday. Earlier the Russian Defence Ministry said that Ukraine had attempted a drone attack on the Kropotkinskaya pumping station on the CPC pipeline in Russia&...Reuters
Mon, Mar 24
Other
Firefly Aerospace selects Blue Origin unit to explore volcanic formations on moon
March 24 (Reuters) - Firefly Aerospace has partnered with Blue Origin's Honeybee Robotics to supply a rover for its third lunar mission in 2028 to study the Gruithuisen Domes, the Texas-based rocket maker said on Monday.The agreement with Honeybee Robotics — a unit of Jeff Bezos' Blue Origin...Reuters
Mon, Mar 24
Stocks
Canadian bank stocks face more downside on tariff impact, brokerage says
** Canadian bank stocks could see another 9% to 16% downside if President Trump's tariff threats materialize and Canada's economy weakens, RBC Capital Markets says in a note ** "Our observations indicate that banks with the largest exposures to economic uncertainties tend to be penalized...Reuters
Mon, Mar 24
Commodities
Russia says a Ukrainian drone attack damaged another gas distribution station on March 22
MOSCOW, March 24 (Reuters) - Ukraine conducted two drone strikes on the Valuika gas distribution station in the Belgorod region on March 22, damaging equipment there, the Russian Defence Ministry said on Monday. The ministry's statement did not say if the station continued to operate as usual or...Reuters
Mon, Mar 24
Stocks
Citi cuts Costco PT on valuation concerns
** Citi Research cuts PT on membership-only retail chain Costco COST.O to $927 from $1,060, cites high valuation premium** "Despite our disposition to "buy the dip" in high quality businesses, COST shares still trade at a significant valuation premium to 5-year and 10-year history," ...Reuters
Mon, Mar 24
Cryptocurrencies
Ray Dalio and Jeffrey Sachs picked to advise Indonesia’s sovereign wealth fund
Danantara, Indonesia’s new sovereign wealth fund, has engaged billionaire investor Ray Dalio and economist Jeffrey Sachs to serve as advisers. This is a controversial formula that Trump is exploring with Musk, making the billionaire a huge part of his advisory team. In an emailed statement, Sachs said President Prabowo had asked him to be a […]Cryptopolitan
Mon, Mar 24
Other
U.S. Department of Homeland Security hit by weekly DOGE cost cuts, BofA
Investing.com - The Elon Musk-led Department of Government Efficiency's latest savings claim largely impacted the Department of Homeland Security, according to analysts at BofA.The brokerage said in aInvesting.com
Mon, Mar 24
Other
Argo names finance chief Donahue as new CEO following Buss’ exit
By James ThalerMarch 24 - (The Insurer) - Argo has named CFO Chris Donahue as its new CEO following the departure of Jessica Buss, who led the insurer for the last year and a half. The Insurer was first to report the news earlier on Monday that Buss was leaving the company to take up another role el...Reuters
Mon, Mar 24
Stocks
Hyundai to invest $20 billion in U.S. onshoring, build steel plant - report
Investing.com -- On Monday, South Korean industrial giant Hyundai (KS:005380) is set to unveil a significant $20 billion investment in the United States, which includes the construction of a new $5 biInvesting.com
Mon, Mar 24
Stocks
Oklo initiates readiness assessment with US nuclear regulator; shares rise
** Shares of Sam Altman-backed nuclear startup Oklo OKLO.N rise ~9% to $29.55** Co says it is initiating a Pre-Application Readiness Assessment with U.S. Nuclear Regulatory Commission (NRC) for its Aurora Powerhouse reactors** The assessment will begin in late March, and is designed to address the c...Reuters
Mon, Mar 24
Other
ADVISORY-Alert on grid sensing platform wrongly tagged to Sense Technologies withdrawn
An alert on Sense, a home energy solutions provider, announcing a collaboration with Landis+Gyr was incorrectly tagged to automotive safety devices manufacturer Sense Technologies SNSGF.PK, an unrelated entity, and has been withdrawn.There will be no substitute.STORY_NUMBER: nTUA8X3FFJSTORY_DATE: ...Reuters
Mon, Mar 24
Other
Trump at US Supreme Court challenges judge's federal worker rehiring order
By Andrew ChungMarch 24 (Reuters) - President Donald Trump's administration brought its bid to purge the federal workforce to the U.S. Supreme Court on Monday, challenging a judicial directive to rehire thousands of fired government employees. The Justice Department asked the Supreme Court to bl...Reuters
Mon, Mar 24
Other
Risk of 2,000 new HIV infections a day after US aid freeze, UN says
By Olivia Le Poidevin GENEVA, March 24 (Reuters) - There could be 2,000 new HIV infections a day across the world and a ten-fold increase in related deaths if funding frozen by the United States is not restored or replaced, the United Nations AIDS agency said on Monday. President Donald Trump put...Reuters
Mon, Mar 24
Stocks
LIVE MARKETS-US indexes up more than 1%, with consumer discretionary, Tesla leading
Main US indexes up more than 1% eachAll S&P 500 sectors higher; Consumer Discretionary up mostEuro STOXX 600 index edges up ~0.1%Dollar up; crude up ~1%; bitcoin rallies ~3%; gold ~flatUS 10-Year Treasury yield rises to ~4.32%Welcome to the home for real-time coverage of markets brought to you b...Reuters
Mon, Mar 24
Cryptocurrencies
Sam Altman's World Network in talks with Visa for stablecoin wallet, CoinDesk reports
March 24 (Reuters) - Sam Altman's cryptocurrency project World Network is in talks with payments giant Visa V.N for a stablecoin payments wallet, CoinDesk reported on Monday citing a person familiar with the plans.Reuters
Mon, Mar 24
Stocks
Viasat rises after Deutsche Bank upgrades to 'buy'
** Shares of satellite communications firm Viasat VSAT.O rise 8.5% to $10.6 ** Deutsche Bank upgrades stock to "buy" from "hold"; raises PT by $2 to $15** Brokerage sees multiple paths for the company to create equity value by materially deleveraging its balance sheet through asset m...Reuters
Mon, Mar 24
