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LIVE MARKETS-Nasdaq in correction territory as trade war fears mount
Main US indexes all down >1.5%Financials weakest S&P 500 sector; Staples sole gainerEuro STOXX 600 index falls ~1.9%Dollar down; crude off ~2%; bitcoin off ~3%; gold upUS 10-Year Treasury yield falls to ~4.11%Welcome to the home for real-time coverage of markets brought to you by Reuters repo...Reuters
Tue, Mar 4
Stocks
Modiv Industrial Inc reports results for the quarter ended December 31 - Earnings Summary
Modiv Industrial Inc MDV.N reported quarterly adjusted earnings of 7 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -46 cents. The lone analyst forecast for the quarter was for a loss of 7 cents per share. Revenue fell 4...Reuters
Tue, Mar 4
Stocks
Amylyx Pharmaceuticals Inc reports results for the quarter ended December 31 - Earnings Summary
Amylyx Pharmaceuticals Inc AMLX.OQ reported a quarterly adjusted loss of 55 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of four analysts for the quarter was for a loss of 52 cents per shar...Reuters
Tue, Mar 4
Other
US CHIPS Act office lays off about a third of its staff, sources say
WASHINGTON, March 4 (Reuters) - About one-third of the staff in the U.S. Commerce Department office overseeing $39 billion of manufacturing subsidies for chipmakers was laid off this week, two sources familiar with the situation said.The Commerce Department did not respond to requests for comment. ...Reuters
Tue, Mar 4
Stocks
Rivian's Stock Is Up Nearly 40% Off Its Lows. Here's What History Says Happens Next.
Share prices of electric vehicle manufacturer Rivian (NASDAQ: RIVN) are up almost 40% from their all-time low in April 2024. Although an impressive run-up, it is still nearly 36% lower than its 52-week high of $18.11 in July 2024.Rivian came out with a strong performance in the fourth quarter of 202...The Motley Fool
Tue, Mar 4
Other
Alpha data, no agents and accurate pricing key to Kin’s California wildfire expansion
By George AbbottMarch 4 - (The Insurer) - Direct-to-consumer property insurer Kin has entered the California market and is now writing insurance across the state.Speaking to The Insurer TV ahead of the company’s announcement, CEO Sean Harper pointed to Kin’s advanced utilisation of data and avoidanc...Reuters
Tue, Mar 4
Other
Apple launches new iPad Air with AI features to stoke demand
March 4 (Reuters) - Apple AAPL.O on Tuesday launched new versions of its iPad Air, enhancing the mid-tier tablet with its M3 chip and artificial intelligence capabilities in a bid to spur upgrades among customers.The revamped lineup starts at $599 for the 11-inch model, and the 13-inch variant at $7...Reuters
Tue, Mar 4
Stocks
Esperion Therapeutics Inc reports results for the quarter ended December 31 - Earnings Summary
Esperion Therapeutics Inc ESPR.OQ reported a quarterly adjusted loss of 11 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -50 cents. The mean expectation of nine analysts for the quarter was for a loss of 15 cents per sh...Reuters
Tue, Mar 4
Economic Indicator
UK finance minister warns UK will be affected by Trump's tariffs
LONDON, March 4 (Reuters) - British finance minister Rachel Reeves warned the UK would be affected by slowing global trade even if tariffs were not directly applied to it, when asked about U.S. President Donald Trump's imposition of tariffs on Mexico and Canada. "It's absolutely the case...Reuters
Tue, Mar 4
Cryptocurrencies
Alien Worlds price prediction 2025-2031: Is TLM a good investment?
Key takeaways: Alien Worlds is a free-to-play NFT and DeFi (Decentralized Finance) metaverse in which ecosystem participants battle and collaborate for rewards in a simulated lore economy. The native currency of the Alien Worlds planet is TLM. TLM is usable across the Alien Worlds ecosystem and can be earned in-game. The Alien Worlds (TLM) metaverse […]Cryptopolitan
Tue, Mar 4
Stocks
1 Wall Street Analyst Thinks Chipotle Stock Is Going to $70. Is It a Buy?
Chipotle Mexican Grill (NYSE: CMG) is not only a purveyor of tasty meals like burritos and quesadillas, it's a high-potential investment. That is, if you accept the latest argument put forth by one analyst at a prominent, white-shoe investment bank. He believes the company's stock, which has perform...The Motley Fool
Tue, Mar 4
Other
Europe must now ensure Ukraine can hold front line, France says
PARIS, March 4 (Reuters) - The United States' decision to pause military aid to Ukraine means that it is now the responsibility of Europe to do everything possible to ensure that Ukraine is able to hold the front line against Russia, France's foreign minister said on Tuesday. "This front...Reuters
Tue, Mar 4
Other
Reilly succeeds Thomas as non-executive chair at WTW
By Scott VincentMarch 4 - (The Insurer) - WTW has named Paul Reilly to succeed Paul Thomas as its non-executive chair.Reilly, who will take over following the broker’s annual general meeting in May, has served on the WTW board since 2022. He served as CEO of investment bank Raymond James Financial f...Reuters
Tue, Mar 4
Stocks
BREAKINGVIEWS-White House leans into an economic downturn
By Gabriel Rubin WASHINGTON, March 4 (Reuters Breakingviews) - It turns out that politicians really do have the power to wrest the economic cycle - in this case, to negative effect. After a monthlong reprieve, U.S. President Donald Trump’s 25% tariffs on Canadian and Mexican imports are set to be...Reuters
Tue, Mar 4
Economic Indicator
Mauritius asks IMF to conduct financial assessment, PM says
PORT LOUIS, March 4 (Reuters) - Mauritius has asked the International Monetary Fund to conduct a financial assessment of its government institutions, Prime Minister Navin Ramgoolam said on Tuesday, after earlier accusing the prior administration of falsifying data.The institutions include the financ...Reuters
Tue, Mar 4
Stocks
Best Buy sinks after downbeat forecasts, tariff-driven price hike warning
** Shares of electronics retailer Best Buy BBY.N fall as much as 15% to $73.70 in early trade** Stock among worst performers on broader S&P 500 index .SPX, BBY set for its worst day since March 12, 2020 if losses hold** Co sees annual comparable sales of flat to 2% growth, largely below estimate...Reuters
Tue, Mar 4
