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Stocks
GLOBAL MARKETS-Wall Street ends higher, Treasury yields slip as Fed sees rate cuts this year
Fed leaves interest rates unchanged, lowers economic outlookCentral bank forecasts 50 basis points of rate cuts in 2025European stocks nab fourth straight day of gainsTurkish assets drop after arrest of Erdogan rivalBy Stephen Culp NEW YORK, March 19 (Reuters) - U.S. stocks bounced on Wednesday a...Reuters
Wed, Mar 19
Stocks
Australia's Myer's expanded loyalty program could bring cost savings, says Morningstar
** Department store Myer's MYR.AX first-half profit before borrowing costs and taxes fell by 22% to A$59 million, while sales remained steady at A$1.8 bln** Morningstar attributes profit decrease to supply chain issues and increased costs at firm's distribution center, which is expected to c...Reuters
Wed, Mar 19
Other
The Doctors Co to acquire ProAssurance Corp For $25 per share
March 19 (Reuters) - ProAssurance Corp PRA.N:THE DOCTORS COMPANY TO ACQUIRE PROASSURANCE CORPORATION FOR $25.00 PER SHARE IN CASHPROASSURANCE CORP: TRANSACTION VALUE OF APPROXIMATELY $1.3 BILLIONPROASSURANCE CORP - COMBINED COMPANY TO HAVE APPROXIMATELY $12 BILLION IN ASSETSPROASSURANCE CORP - TO BE...Reuters
Wed, Mar 19
Stocks
Microchip Technology launches $1.35 bln offering of depositary shares
March 19 (Reuters) - Microchip Technology Inc MCHP.O:MICROCHIP TECHNOLOGY ANNOUNCES LAUNCH OF OFFERING OF DEPOSITARY SHARES REPRESENTING INTERESTS IN SERIES A MANDATORY CONVERTIBLE PREFERRED STOCKMICROCHIP TECHNOLOGY: LAUNCH OF AN UNDERWRITTEN PUBLIC OFFERING OF $1.35 BILLION OF DEPOSITARY SHARESReuters
Wed, Mar 19
Stocks
Akebia Therapeutics dives on stock offering plans
** Akebia Therapeutics' AKBA.O shares down 25% in extended trading to $2.13 as co looks to raise equity** Cambridge, Massachusetts-based biopharma focused on kidney disease commences stock offering; deal size not disclosed** Leerink Partners and Piper Sandler are jt bookrunners** With ~236.2 mln...Reuters
Wed, Mar 19
Commodities
US Plains HRW Wheat-Basis bids hold steady as futures retreat
CHICAGO, March 19 (Reuters) - Spot basis bids for hard red winter wheat were mostly steady across the southern U.S. Plains farm belt on Wednesday as futures prices fell and farmer selling remained slow, dealers said.* Grain growers have held back on booking new-crop sales to elevators and millers th...Reuters
Wed, Mar 19
Stocks
CANADA STOCKS-TSX posts biggest gain in 7 months after Fed rate decision
TSX ends up 1.47% at 25,069.21Posts its biggest gain since August 8Technology gains 3%, led by ShopifyAlimentation Couche-Tard adds 6.3%By Fergal Smith March 19 (Reuters) - Canada's main stock index rose to a near three-week high on Wednesday as energy and technology shares led a broad-based ...Reuters
Wed, Mar 19
Other
Judge denies request for temporary order to bar DOGE from USIP takeover
March 19 (Reuters) - A U.S. judge on Wednesday denied a request for a temporary order barring President Donald Trump's cost-cutting Department of Government Efficiency from furthering any effort to take over the U.S. Institute of Peace.Reuters
Wed, Mar 19
Stocks
US STOCKS-Wall Street rallies after Fed keeps rates unchanged
Fed keeps rates unchanged as widely expectedCentral bank to taper drawdown of its balance sheetPowell signals tariff impact tough to determineIndexes up: Dow 0.92%, S&P 500 1.08%, Nasdaq 1.41%By Chuck Mikolajczak NEW YORK, March 19 (Reuters) - U.S. stocks rallied on Wednesday after the Fe...Reuters
Wed, Mar 19
Cryptocurrencies
Ripple’s CEO fact-checks Ethereum’s decentralization test at the SEC, calls it fiction
Ripple CEO Brad Garlinghouse responded to a claim from Fox Business panelist and journalist Charles Gasparino that the US Securities and Exchange Commission believes XRP passes the “Ethereum decentralized test.” Garlinghouse said: “There is no Ethereum decentralization test at the SEC. This is fiction.” Gasparino had quoted Garlinghouse’s video announcing the end of the SEC […]Cryptopolitan
Wed, Mar 19
Stocks
LIVE MARKETS-US stocks take solace in a Fed that stayed steady
Main indexes end higher; Nasdaq leads, up ~1.4%FOMC leaves rates unchanged; projects two rate cuts this yearDollar, crude, gold higher on the day; bitcoin up >4%US 10-Year Treasury yield dips to ~4.24%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You c...Reuters
Wed, Mar 19
