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Stocks
BUZZ-Pliant touches record low after scrapping trial of lung-disease drug
** Shares of drug developer Pliant Therapeutics PLRX.O hit their lowest level on record at $1.59 ** The company discontinues a mid-stage trial of its experimental drug bexotegrast in patients with a type of lung disease called idiopathic pulmonary fibrosis ** PLRX says the drug trial was stopped...Reuters
Mon, Mar 3
Economic Indicator
US insurance stocks outperform Wall Street in final week of February
By Carlos PallordetMarch 3 - (The Insurer) - The North American insurance composite compiled by Stonybrook Capital and Weild & Co rose 5.6% last week, outpacing all major Wall Street benchmarks.The S&P 500 closed the week down 1.0% while the Nasdaq-100 fell 3.4%.The small-cap Russell 2000 be...Reuters
Mon, Mar 3
Forex
BUZZ-COMMENT-Withering US exceptionalism may send EUR/USD above 1.0800
March 3 (Reuters) - EUR/USD hit a 3-session high Monday and a rally above 1.0800 may be on the cards as investors appear to be bracing for weaker U.S. growth.Above estimate February China Caixin manufacturing PMI and upwardly revised February euro zone HCOB manufacturing PMI eased some concerns of s...Reuters
Mon, Mar 3
Other
Apple defeats US consumer lawsuit over iCloud storage, for now
By Mike Scarcella March 3 (Reuters) - Apple won a ruling dismissing a lawsuit that accused the iPhone maker of illegally monopolizing the market for digital storage, causing consumers to pay more for its iCloud service.U.S. District Judge Eumi Lee in San Jose, California, on Friday said the plain...Reuters
Mon, Mar 3
Stocks
Deutsche Bank downgrades Dollar General on margin pressures, names Costco top pick
Investing.com -- Deutsche Bank (ETR:DBKGn) downgraded Dollar General (NYSE:DG) to Hold from Buy on continued margin headwinds and competitive pressures in the dollar store sector.The brokerage lowerInvesting.com
Mon, Mar 3
Stocks
Why AST SpaceMobile Stock Popped, Then Dropped Monday
AST SpaceMobile (NASDAQ: ASTS) stock opened dramatically higher on Monday morning, up 7.3% over the weekend after an early-morning press release announcing the company will form a new satellite communications business with European partner Vodafone (NASDAQ: VOD). Investors already seem to be having ...The Motley Fool
Mon, Mar 3
Stocks
BUZZ-THOR Industries gains after BofA raises to 'buy'
** Shares of recreational vehicle maker THOR Industries THO.N up 3.63% at $103 in morning trade** BofA Global Research upgrades stock to "buy" from "neutral" and hikes PT to $125 from $110, the highest among 17 brokerages covering the stock** BofA sees green shoots in the overall RV ...Reuters
Mon, Mar 3
Stocks
LIVE MARKETS-US stocks mixed after data, eye tariffs
Dow edges up, S&P 500 ~flat, Nasdaq slipsFeb ISM mfg PMI 50.3 vs 50.8 est; prices paid > estEuro STOXX 600 index up ~1%Dollar slides; crude dips; bitcoin falls >3%; gold up ~1%U.S. 10-Year Treasury yield falls to ~4.20%Welcome to the home for real-time coverage of markets brought to you by...Reuters
Mon, Mar 3
Stocks
EMERGING MARKETS-Mexican peso rises as investors focus on looming tariff deadline
Markets in Brazil, Argentina shut for public holidaysUkraine dollar bonds slide after Trump-Zelenskiy clashMexican peso, stocks rise ahead of tariff deadlineLatin American stocks up 0.4%By Shashwat Chauhan March 3 (Reuters) - The Mexican peso jumped against a softening dollar on Monday, with ...Reuters
Mon, Mar 3
Other
Ex-Barclays CEO Staley did not mislead UK watchdog about Epstein, lawyer says
Staley facing financial services ban, $2.3 million fineFCA accuses Staley of 'downplaying' closeness to EpsteinFormer Barclays CEO denies allegationsRecasts with Staley's lawyer's submissions; adds details, background in paragraphs 3-8, 12-13, 15-17By Sam Tobin LONDON, March 3 (Re...Reuters
Mon, Mar 3
Other
State Farm P&C UW loss narrows to $6.1 billion in 2024; LA wildfire payments hit $2.2 billion
By Chris MunroFeb 28 - (The Insurer) - State Farm’s P&C business saw its underwriting loss narrow to $6.1 billion in 2024 from 2023’s deficit of $14.1 billion, due to improved performance in auto.In an update issued on Friday, State Farm said the improved auto underwriting performance was partia...Reuters
Mon, Mar 3
Stocks
Kroger ousts long-time CEO after probe into personal conduct
McMullen's resignation follows probe by Kroger boardUnrelated to financial performance, did not involve any associates - KrogerRonald Sargent named interim CEOAdds McMullen's age in paragraph 3, bullets, updates sharesBy Savyata Mishra and Aishwarya Venugopal March 3 (Reuters) - U.S. gro...Reuters
Mon, Mar 3
Other
CRC Group unveils new divisional structure and brand as TIH name is retired
By David BullMarch 3 - (The Insurer) - CRC Group has announced a new structure under two divisions, Specialty + Benefits and Underwriting, coinciding with a rebrand in a move it says will unify its operations and reinforce its position as a “pure-play, independent wholesale and underwriting industry...Reuters
Mon, Mar 3
Cryptocurrencies
Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target
Dogecoin is trading below key levels after dropping over 10% following last night’s bullish price action. The meme coin market continues to struggle, and Dogecoin is no exception. Since late January, DOGE has failed to reclaim previous highs and consistently set lower prices each week. Investors are...NewsBTC
Mon, Mar 3
Stocks
BUZZ-Mosaic rises after J.P.Morgan lifts rating to 'overweight', increases PT
** Shares of fertilizer producer Mosaic MOS.N rise 1.3% to $24.22** J.P.Morgan raises MOS rating to "overweight" from "neutral"; raises price target to $29 from $26** "There is room for the company to increase sales volumes, which were held back by hurricanes in the second half o...Reuters
Mon, Mar 3
Cryptocurrencies
The most profitable method with XRP 2025, join the BitconeMine project guide and earn $82350 per day
The meteoric rise of Bitcoin and other cryptocurrencies has fascinated the financial world and beyond. However, as cryptocurrencies have grown in popularity, concerns have also been raised about their impact on the environment. The energy-intensive process of Bitcoin mining has raised concerns about...Bitcoinist
Mon, Mar 3
Stocks
BUZZ-Sunnova Energy crashes to all-time low on going concern doubts
Updates** Shares of residential solar firm Sunnova Energy International NOVA.N fall over 55% to an all-time low of 73 cents after it raises doubts on its ability to continue as a going concern** Co says cash flow from current activities and commitments under existing financing agreements are not suf...Reuters
Mon, Mar 3
Other
BRIEF-India's It Ministry Says Team Of Amazon Web Services Committed To Invest $8.2 Bln In Coming Yrs In Maharashtra
March 3 (Reuters) - Amazon.com Inc AMZN.O:INDIA'S IT MINISTRY: TEAM OF AMAZON WEB SERVICES COMMITTED TO INVEST $8.2 BILLION IN COMING YRS IN MAHARASHTRAINDIA'S IT MINISTRY: AMAZON WEB SERVICES TO ADD SIGNIFICANT NUMBER OF JOBS IN INDIA IN COMING YRSSource text: [ID:]Further company coverage:...Reuters
Mon, Mar 3
Economic Indicator
US construction spending unexpectedly declines in January
WASHINGTON, March 3 (Reuters) - U.S. construction spending unexpectedly fell in January, pulled down by a decline in outlays on multi-family homebuilding. The Commerce Department's Census Bureau said on Monday that construction spending dropped 0.2% after an unrevised 0.5% increase in December. ...Reuters
Mon, Mar 3
