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Bank Stocks Plunged on Monday. Here's Why Citigroup, Goldman Sachs, and SoFi all Got Hit so Hard.
The stock market was down big on Monday. As of 3:10 p.m. EDT, the Dow Jones Industrial Average was down 2.6% and was on pace for its worst day of the year, and the S&P 500 was doing even worse, down by 3.4%. Worse yet, the tech-heavy Nasdaq declined by nearly 5% and was set to post its worst decline...The Motley Fool
Mon, Mar 10
Other
NASA terminates chief scientist role, closes policy office
By Joey Roulette, Patrick Wingrove, Andrea Shalal March 10 (Reuters) - NASA is eliminating its chief scientist role and closing down an office that studies policy matters on space and technology, in a round of layoffs affecting 23 employees, the agency said on Monday.NASA's acting administra...Reuters
Mon, Mar 10
Other
Evolv Technologies Holdings Inc expected to post a loss of 6 cents a share - Earnings Preview
Evolv Technologies Holdings Inc EVLV.OQ EVLV.O is expected to show a rise in quarterly revenue when it reports results on March 12 (estimated) for the period ending September 30 2024The Waltham Massachusetts-based company is expected to report a 30.4% increase in revenue to $26.321 million from $2...Reuters
Mon, Mar 10
Other
electroCore, Inc. expected to post a loss of 31 cents a share - Earnings Preview
electroCore, Inc. ECOR.OQ ECOR.O is expected to show a rise in quarterly revenue when it reports results on March 12 for the period ending December 31 2024The Rockaway New Jersey-based company is expected to report a 35.8% increase in revenue to $7.05 million from $5.19 million a year ago, accordi...Reuters
Mon, Mar 10
Other
Investcorp Credit Management BDC Inc expected to post earnings of 11 cents a share - Earnings Preview
Investcorp Credit Management BDC Inc ICMB.OQ ICMB.O is expected to show a fall in quarterly revenue when it reports results on March 12 (estimated) for the period ending December 31 2024The New York City-based company is expected to report a 12.8% decrease in revenue to $5.446 million from $6.24 m...Reuters
Mon, Mar 10
Other
KORU Medical Systems Inc expected to post a loss of 3 cents a share - Earnings Preview
KORU Medical Systems Inc KRMD.OQ KRMD.O is expected to show a rise in quarterly revenue when it reports results on March 12 for the period ending December 31 2024The Mahwah New Jersey-based company is expected to report a 23.8% increase in revenue to $8.893 million from $7.19 million a year ago, a...Reuters
Mon, Mar 10
Other
Ellington Credit Co expected to post earnings of 30 cents a share - Earnings Preview
Ellington Credit Co EARN.N, EARN.K is expected to show a rise in quarterly revenue when it reports results on March 12 for the period ending December 31 2024The Old Greenwich Connecticut-based company is expected to report a 1,806.0% increase in revenue to $7.186 million from $377 thousand a year ...Reuters
Mon, Mar 10
Forex
FOREX-Dollar weakens against the Japanese yen amid tariff worries
Investors buy safe-haven yen and Swiss franc Yen hovers at five-month highEuro firm after best week in 16 years By Chibuike Oguh, Yadarisa Shabong and Ankur Banerjee NEW YORK, March 10 (Reuters) - The U.S. dollar weakened against the yen on Monday as investors worried about a probable U.S. econom...Reuters
Mon, Mar 10
Other
Assertio Holdings Inc expected to post a loss of 4 cents a share - Earnings Preview
Assertio Holdings Inc ASRT.OQ ASRT.O is expected to show a fall in quarterly revenue when it reports results on March 12 for the period ending December 31 2024The Lake Forest Illinois-based company is expected to report a 13.1% decrease in revenue to $28.674 million from $32.99 million a year ago,...Reuters
Mon, Mar 10
Other
Illumina lowers outlook due to China sales ban, to cut $100 million in costs, WSJ reports
March 10 (Reuters) - Illumina ILMN.O is reducing its annual forecast and cutting $100 million in spending because China barred sales of the company's gene-sequencing machines, the Wall Street Journal reported on Monday, citing the company's Chief Financial Officer Ankur Dhingra.Reuters
Mon, Mar 10
Other
Bird Construction Inc expected to post earnings of 67 cents a share - Earnings Preview
Bird Construction Inc BDT.TO is expected to show a rise in quarterly revenue when it reports results on March 12 for the period ending December 31 2024The Etobicoke Ontario-based company is expected to report a 18.4% increase in revenue to C$938.05 million from C$792.07 million a year ago, accord...Reuters
Mon, Mar 10
Commodities
CERAWEEK-Kazakhstan in talks with oil majors to cut output, energy minister says
HOUSTON, March 10 (Reuters) - Kazakhstan is in discussions with oil majors to cut oil output to bring the country's supply back in line with OPEC+ targets, the country's energy minister Almasadam Satkaliyev said on Monday. "We are in phases of discussions with the majors, we are having a...Reuters
Mon, Mar 10
Other
Quest Resource Holding Corp expected to post a loss of 8 cents a share - Earnings Preview
Quest Resource Holding Corp QRHC.OQ QRHC.O is expected to show a rise in quarterly revenue when it reports results on March 12 for the period ending December 31 2024The The Colony Texas-based company is expected to report a 6.2% increase in revenue to $73.648 million from $69.34 million a year ago...Reuters
Mon, Mar 10
Commodities
CERAWEEK-IEA chief sees need for investments in existing oil, gas fields
By Timothy Gardner HOUSTON, March 10 (Reuters) - Fatih Birol, the director of the Paris-based International Energy Agency, said on Monday there is a need for investment in oil and gas fields to support global energy security. The comment puts the energy watchdog for industrialized nations more...Reuters
Mon, Mar 10
Stocks
Oracle misses third quarter revenue estimates
March 10 (Reuters) - Oracle ORCL.N missed Wall Street expectations for third-quarter revenue on Monday, weighed down by softer enterprise spending on its cloud infrastructure services, and strong competition from larger players. The company reported revenue of $14.13 billion, compared with estimates...Reuters
Mon, Mar 10
Other
Tectonic Therapeutic Inc expected to post a loss of $1.39 a share - Earnings Preview
Tectonic Therapeutic Inc TECX.OQ TECX.O is expected to show no change in quarterly revenue when it reports results on March 12 (estimated) for the period ending December 31 2024LSEG's mean analyst estimate for Tectonic Therapeutic Inc is for a loss of $1.39 per share. The current average analy...Reuters
Mon, Mar 10
Other
CBS urges FCC to reject complaint over '60 Minutes' Harris interview
March 10 (Reuters) - CBS on Monday urged the Federal Communications Commission to reject a complaint over a "60 Minutes" interview with then-Vice President Kamala Harris, saying the agency has no lawful role in policing broadcast news editorial decisions.CBS, which is owned by Paramount Glob...Reuters
Mon, Mar 10
Commodities
Chevron Reports Mechanical Issue At One Of Its Process Units At El Segundo CA Refinery
March 10 (Reuters) - Chevron CVX.N: SAYS IT EXPERIENCED MECHANICAL ISSUE AT ONE OF ITS PROCESS UNITS RESULTING IN UNPLANNED FLARING AT EL SEGUNDO CA REFINERYSAYS TEMPORARY MECHANICAL ISSUE AT EL SEGUNDO CA REFINERY DOES NOT IMPACT THE REFINERY'S ABILITY TO SUPPLY PETROLEUM PRODUCTS TO ITS CUSTO...Reuters
Mon, Mar 10
Other
Illumina To Cut $100 Million In Costs, Lowers Guidance Because Of China Sales Ban- WSJ
March 10 (Reuters) - Illumina Inc ILMN.O:ILLUMINA TO CUT $100 MILLION IN COSTS, LOWERS GUIDANCE BECAUSE OF CHINA SALES BAN- WSJILLUMINA IS LOWERING ITS 2025 GUIDANCE OF $4.50 ADJUSTED EARNINGS PER SHARE, AT THE LOW END OF THE RANGE OF $4.50 TO $4.65 A SHARE GIVEN LAST MONTH- WSJSource text: https://...Reuters
Mon, Mar 10
