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Stocks
LIVE MARKETS-The speed of the equity drop says correction, not bear market
Nasdaq slightly green, S&P 500 dips, Dow off ~0.9%Industrials weakest S&P 500 sector; Tech, Cons Disc edge upEuro STOXX 600 index off ~1.4%Dollar declines; gold up; crude up >1%; bitcoin up >2%U.S. 10-Year Treasury yield rises to ~4.26%Welcome to the home for real-time coverage of mark...Reuters
Tue, Mar 11
Stocks
Bioventus jumps after upbeat Q4 results
** Shares of medical product maker Bioventus BVS.O soar 23.5% to $10.82 ** Q4 total revenue rises 13.5% to $153.6 million from a year ago, beating analysts' estimate of $145.2 million - data compiled by LSEG** Co reports quarterly adjusted EPS of 15 cents per share vs estimate of 8 cents per sha...Reuters
Tue, Mar 11
Other
Porch bolsters insurance ranks with McGill’s Bellegarde and Kin’s Ferrari
By Chris MunroMarch 11 - (The Insurer) - Porch has added four insurance specialists to its ranks including senior hires Emmanuel Bellegarde as head of reinsurance and Andrea Ferrari as director of underwriting.The quartet of new additions will support Seattle-based Porch as it enters a new phase of ...Reuters
Tue, Mar 11
Cryptocurrencies
The ECB Pushes for Digital Euro. Time to Invest in the Best Wallet Token?
Christine Lagarde, President of the European Central Bank, said that the ECB is aggressively pursuing the idea of a digital euro and expects to finish the testing phase by October 2025. If it goes through, it will be the EU’s first Central Bank Digital Currency (CBDC). Unlike cryptocurrencies, CBDCs...NewsBTC
Tue, Mar 11
Other
CANADA RESEARCH ROUNDUP-Franco-Nevada, Pollard Banknote, Whitecap Resources
March 11 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including Franco-Nevada, Pollard Banknote and Whitecap Resources, on Tuesday.HIGHLIGHTS * Franco-Nevada Corp FNV.TO: TD Cowen cuts to hold from buy* Pollard Banknote Ltd PBL.TO: Raym...Reuters
Tue, Mar 11
Forex
GBP/USD climbs above 1.2920 as trade war fears weaken USD
The Pound Sterling extended its gains versus the US Dollar on Tuesday as the latter continued to plunge, due controversial trade policies by US President Donald Trump, adding an additional 25% in aluminum and steel imports from Canada, as the latter apply duties on electricity imported to New York, Michigan and Minnesota.
Fxstreet
Tue, Mar 11
Stocks
Natgas companies down on rising output, milder weather forecast
** Shares of U.S. natural gas companies fall, tracking natgas futures NGA/** U.S. natgas futures NGc1 down ~2% at $4.42 per million British thermal units (mmBtu), after rising to their highest level since December 2022 on Monday** Natural gas prices were weighed down by a rise in output and forecast...Reuters
Tue, Mar 11
Stocks
CORRECTED-ANALYSIS-US retail investors wary of buying the dip as Trump anxiety deepens
Retail investors uneasy, seeking safer havens amid market sell-offCash levels high, money market funds hit record $7.3 trillionRotation underway, energy and utilities attract new inflowsBy Suzanne McGee March 11 (Reuters) - U.S. retail investors are growing increasingly uneasy about a plummet in ...Reuters
Tue, Mar 11
Stocks
LCI Industries slides after unveiling $400 mln convertible debt deal
** Shares of LCI Industries LCII.N down 4.2% at $92.01 on Tues as auto components supplier looks to raise capital** LCII falls as much as 5.3% to $91, lowest since Dec 2022** Indiana-based co offering privately $400 mln convertible bonds (CBs) due 2030** It plans to use portion of net proceeds to pa...Reuters
Tue, Mar 11
Cryptocurrencies
Dogecoin’s Darkest Hour? Sentiment Tanks, Whales Accumulate
Dogecoin’s sentiment has reportedly reached its most negative level in over a year. Crypto analyst Ali Martinez (@ali_charts) shared the below chart illustrating the current landscape of Dogecoin’s social sentiment and noted: “Investor sentiment around Dogecoin is at its most negative in over a year...NewsBTC
Tue, Mar 11
Stocks
Arvinas shares tumble as breast cancer drug with Pfizer shows mixed results
By Mariam SunnyMarch 11 (Reuters) - Pfizer PFE.N and Arvinas' ARVN.O experimental treatment failed to delay progression of breast cancer in patients with most common type of the disease in a late-stage trial, sending the smaller biotech's shares tumbling 53% to an all-time low.The oral drug,...Reuters
Tue, Mar 11
Other
US judge in brokerage antitrust case faces recusal bid over political donations
By Mike Scarcella March 11 (Reuters) - A national real estate brokerage has asked a U.S. judge in Missouri to withdraw from hearing a major antitrust lawsuit after disclosures showed plaintiffs’ lawyers in the case previously donated to political campaigns involving the judge’s wife.Howard Hanna ...Reuters
Tue, Mar 11
Other
Israel confirms release of five Lebanese detainees, Israeli media reports
CAIRO, March 11 (Reuters) - Israel confirmed the release of five Lebanese detainees held by the Israeli military, Israeli media reported on Tuesday, citing the Israeli prime minister's office.Earlier on Tuesday, Axios reported citing an unnamed U.S. official that Israel and Lebanon had agreed to...Reuters
Tue, Mar 11
Other
Countries, global health groups band together as US aid gaps threaten lives
By Jennifer Rigby and Aaron Ross LONDON/NAIROBI, March 11 (Reuters) - Governments and global health groups are working to try to fill the most urgent gaps in the fight against diseases such as malaria and HIV, including sharing tests and treatments internationally, after the U.S. government froze...Reuters
Tue, Mar 11
Stocks
Vail Resorts rises on Q2 profit beat
** Shares of ski resorts group Vail Resorts MTN.N rise 6.5% to $163.56 ** Co late on Monday reported Q2 profit of $6.56/share, beating analysts' average estimate of $6.31/share - data compiled by LSEG ** Co forecasts FY 2025 net income between $257 million and $309 million vs previous range of $...Reuters
Tue, Mar 11
Commodities
ConocoPhillips says US, Europe should coordinate on methane
HOUSTON, March 11 (Reuters) - ConocoPhillips COP.N CEO Ryan Lance said on Tuesday that the United States and Europe should coordinate their regulations on methane, a powerful greenhouse gas."We can't have the European Union and the U.S. trying to do something different, because they're i...Reuters
Tue, Mar 11
Stocks
LIVE MARKETS-Before and after: JOLTS vs NFIB
Indexes mixed; Nasdaq modestly greet, Dow off mostMost S&P sectors lower; industrials down mostEuro STOXX 600 index off >1.5%Dollar declines; gold, crude up ~1%; bitcoin up >2%U.S. 10-Year Treasury yield edges up to ~4.24%Welcome to the home for real-time coverage of markets brought to you...Reuters
Tue, Mar 11
Stocks
Why Hims & Hers Health Stock Just Popped
Roller-coaster healthcare stock Hims & Hers Health (NYSE: HIMS), whose stock got devastated last week by worries that it would be shut out of the GLP-1 market, got a reprieve from the Food and Drug Administration (FDA) on Monday.Shares of the pharmaceutical upstart are flying Tuesday morning -- up 7...The Motley Fool
Tue, Mar 11
