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Commodities
Costco beats quarterly sales estimates on bulk buying surge
March 6 (Reuters) - Costco Wholesale COST.O beat Wall Street expectations for second-quarter revenue on Thursday, as its members shopped more goods, including groceries, home furnishings and electronics, in bulk from its retail outlets amid rising living costs.The company's quarterly revenue ros...Reuters
Thu, Mar 6
Other
VW may avoid 25% Trump tariff, but BMW faces trade levy
DETROIT, March 6 (Reuters) - VolkswagenVOWG_p.DE said Thursday that its vehicles made in North America comply with the United States-Mexico-Canada Agreement (USMCA), meaning they will likely avoid being subject to the 25% tariffs U.S. President Donald Trump has imposed on imports from Mexico and Can...Reuters
Thu, Mar 6
Stocks
LIVE MARKETS-Nasdaq confirms correction in Wall Street's "Nightmare on Tariff Street," the sequel
Indexes tumble: Dow slides 1.0%; S&P 500 1.8%; Nasdaq 2.6%Nasdaq confirms it entered correction in Dec.Cons Disc down most among S&P sectors; Energy sole gainerDollar, crude, gold slip; bitcoin dipsUS 10-Year Treasury yield edges up to ~4.29%Welcome to the home for real-time coverage of mark...Reuters
Thu, Mar 6
Stocks
Broadcom forecasts second-quarter revenue above estimates
March 6 (Reuters) - Broadcom AVGO.O forecast second-quarter revenue above Wall Street expectations on Thursday, bolstered by strong demand for its custom artificial intelligence chips from companies looking to process big data.The company expects revenue of around $14.9 billion, compared with estima...Reuters
Thu, Mar 6
Other
Gap forecasts annual sales below estimates on tepid consumer spending
March 6 (Reuters) - Apparel retailer Gap GAP.N forecast annual and first-quarter sales below estimates on Thursday, joining a growing number of companies that expect subdued consumer spending amid rising inflationary woes.Consumers are reining in spending on non-essentials such as apparel and access...Reuters
Thu, Mar 6
Stocks
Why The Toro Company Stock Hit a 4-Year Low Today
Shares of outdoor equipment business The Toro Company (NYSE: TTC) dropped on Thursday after the company reported financial results for its fiscal first quarter of 2025. As of 2 p.m. ET, The Toro Company stock was down 5% and had hit four-year lows earlier in the day -- disappointing for a stock that...The Motley Fool
Thu, Mar 6
Stocks
Marvell's shares end worst day in 24 years as tepid revenue forecast reignites AI spending fears
Marvell shares closed down 19.8%, Broadcom falls 5% In-line revenue forecast disappoints investors Custom AI chips dragging margins, analysts sayBy Arsheeya Bajwa March 6 (Reuters) - Marvell Technology's MRVL.O shares closed down 19.8%, marking their worst day in more than two decades and wei...Reuters
Thu, Mar 6
Other
'Psychodrama' tariff negotiations frustrate Mexico and Canada
Tariff negotiations lack clarity, frustrating Mexico and CanadaTrump's shifting reasons include fentanyl, immigration, trade deficitsCanada criticizes chaos; Mexico maintains respectful toneBy Emily Green, Jarrett Renshaw and David Ljunggren MEXICO CITY/WASHINGTON/OTTAWA, March 6 (Reuters) - ...Reuters
Thu, Mar 6
Other
Hewlett Packard Enterprise forecasts quarterly revenue below estimates
March 6 (Reuters) - Hewlett Packard Enterprise HPE.N forecast second-quarter revenue below Wall Street estimates on Thursday, reflecting cautious enterprise spending amid economic uncertainty.The server maker projects revenue to be between $7.2 billion and $7.6 billion in the quarter, while analysts...Reuters
Thu, Mar 6
Cryptocurrencies
World Liberty Financial co-founder offers to represent ETH community at White House Crypto Summit
Zach Witkoff, the co-founder of the Trump family-linked World Liberty Financial, earlier today offered to represent the Ethereum community at the inaugural White House Crypto Summit on Friday. America continues to forge a path toward global crypto dominance, and the next item on its agenda is the White House Crypto Summit on Friday, March 7. […]Cryptopolitan
Thu, Mar 6
Other
American Outdoor Brands Reports Third Quarter Fiscal 2025 Financial Results
March 6 (Reuters) - American Outdoor Brands Inc AOUT.O:AMERICAN OUTDOOR BRANDS Q3 SALES USD 58.505 MILLIONAMERICAN OUTDOOR BRANDS Q3 GROSS PROFIT USD 26.123 MILLIONAMERICAN OUTDOOR BRANDS Q3 OPERATING INCOME USD 303 THOUSANDAMERICAN OUTDOOR BRANDS Q3 NET INCOME USD 169 THOUSANDAMERICAN OUTDOOR BRAND...Reuters
Thu, Mar 6
Other
FTC sues to block private equity firm's deal to buy medical device coatings maker Surmodics
WASHINGTON, March 6 (Reuters) - The U.S. Federal Trade Commission sued on Thursday to block medical device coatings maker Surmodics' SRDX.O acquisition by private equity firm GTCR, with the regulatory agency alleging the deal was anticompetitive.The FTC said the deal would create a combined comp...Reuters
Thu, Mar 6
Other
AMSTED Industries Incorporated Announces Settlement Of Tender Offer For 5.625% Senior Notes Due 2027 And Completion Of Private Offering Of 6.375% Senior Notes Due 2033
March 6 (Reuters) - Amsted Industries Inc [RIC:RIC:AMIND.UL]:AMSTED INDUSTRIES INCORPORATED ANNOUNCES SETTLEMENT OF TENDER OFFER FOR 5.625% SENIOR NOTES DUE 2027 AND COMPLETION OF PRIVATE OFFERING OF 6.375% SENIOR NOTES DUE 2033Further company coverage: AMIND.ULReuters
Thu, Mar 6
Other
Nationwide E&S launches Courtney-led brokerage property unit
By Chris MunroMarch 6 - (The Insurer) - Nationwide E&S has launched a brokerage property unit that will focus on hard-to-place risks across various industries, with the new platform led by market veteran Tonya Courtney who joined the carrier from Arch Insurance late last year.The E&S brokera...Reuters
Thu, Mar 6
Stocks
Nasdaq confirms correction as tariff worries weigh
March 6 (Reuters) - The Nasdaq Composite .IXIC confirmed on Thursday it has been in a correction since peaking last December, with losses fueled by worries about global trade and the pricey valuations of Wall Street's AI heavyweights. With Thursday's 2.6% decline, the index was down a total...Reuters
Thu, Mar 6
