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HSBC becomes latest brokerage to cut S&P 500 annual target below 6000 mark
April 29 (Reuters) - HSBC on Tuesday became the latest global brokerage to slash its year-end target for the S&P 500 index .SPX below the 6000 mark, weighed down by slower U.S. economic growth and tariff-related pressure on corporate earnings.The London-based brokerage cut its target to 5600 fro...Reuters
Apr 29, 2025
Stocks
U.S. STOCKS ON THE MOVE-General Motors, Pfizer, PayPal
Eikon search string for individual stock moves: STXBZThe Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Futures tied to the S&P 500 and the Nasdaq pointed to a lower open on Tuesday, while Dow futures ticked higher, as investors assessed...Reuters
Apr 29, 2025
Other
Distribution Solutions Group Inc expected to post earnings of 29 cents a share - Earnings Preview
Distribution Solutions Group Inc DSGR.OQ DSGR.O is expected to show a rise in quarterly revenue when it reports results on May 1 for the period ending March 31 2025The Fort Worth Texas-based company is expected to report a 19.5% increase in revenue to $497.167 million from $416.09 million a year a...Reuters
Apr 29, 2025
Other
Match settles dispute with Anson Funds, adds new director to board
Match lays ground for all directors to stand for annual electionLatest company to settle dispute with activist investorAnson has also pressed for cost cut and other changes By Svea Herbst-BaylissApril 29 (Reuters) - Online dating company Match Group MTCH.O will add a consumer-technology executive to...Reuters
Apr 29, 2025
Other
OneWater Marine Inc expected to post earnings of 39 cents a share - Earnings Preview
OneWater Marine Inc ONEW.OQ ONEW.O is expected to show a rise in quarterly revenue when it reports results on May 1 for the period ending March 31 2025The Buford Georgia-based company is expected to report a 1.9% increase in revenue to $497.718 million from $488.32 million a year ago, according to...Reuters
Apr 29, 2025
Other
Bessent doesn't anticipate supply chain shocks from Trump tariffs
April 29 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that he doesn't anticipate supply chain shocks from President Donald Trump's sweeping tariffs."I wouldn't think that we would have supply chain shock. And, I think retailers, they have managed their inventory ...Reuters
Apr 29, 2025
Stocks
ProPetro rises after upbeat Q1 results
** Shares of oilfield services provider ProPetro Holding PUMP.N rise 7.6% to $5.67 premarket** Co beats Q1 revenue estimates, helped by strong utilization and resilient pricing across all service lines** Posts Q1 revenue of $359.4 million vs estimates of $342.6 million - LSEG data** PUMP posts adjus...Reuters
Apr 29, 2025
Other
Arrow Electronics Inc expected to post earnings of $1.43 a share - Earnings Preview
Arrow Electronics Inc ARW.N, ARW is expected to show a fall in quarterly revenue when it reports results on May 1 for the period ending March 31 2025The Centennial Colorado-based company is expected to report a 8.7% decrease in revenue to $6.32 billion from $6.92 billion a year ago, according to t...Reuters
Apr 29, 2025
Forex
China's largest airlines deepen losses in first quarter as competition, US tariffs to weigh
By Lisa Barrington and Sophie Yu BEIJING, April 29 (Reuters) - China's three biggest airlines reported deeper first-quarter losses on Tuesday from the same period a year ago, amid intensifying competition and economic pressures on consumers, and a worsening trade war with the United State...Reuters
Apr 29, 2025
Other
White House: Amazon tariff price announcement is hostile
WASHINGTON, April 29 (Reuters) - White House Press Secretary Karoline Leavitt said on Tuesday that Amazon's announcement that it will include the price of tariffs on the pricetag for products is a hostile act.Leavitt said she had just spoken to President Donald Trump about the Amazon announcemen...Reuters
Apr 29, 2025
Stocks
Baltic index snaps six-session winning streak on lower rates across vessel sizes
April 29 (Reuters) - The Baltic Exchange's dry bulk sea freight index slipped on Tuesday, snapping six straight sessions of gains, due to a fall in prices across all vessel segments. * The main index .BADI, which monitors rates for capesize, panamax and supramax shipping vessels, fell by five p...Reuters
Apr 29, 2025
Stocks
Adidas holds back on profit upgrade due to tariff uncertainty
Adidas front-loaded product into U.S. ahead of tariffsTariffs cause Adidas to hold back on guidance increaseAdidas warns tariffs make price hikes likely in U.S. By Helen Reid and Linda Pasquini April 29 (Reuters) - German sportswear maker Adidas ADSGn.DE held back on Tuesday from raising its 2025...Reuters
Apr 29, 2025
Stocks
Franklin Electric Co Inc reports results for the quarter ended March 31 - Earnings Summary
Franklin Electric Co Inc FELE.OQ reported quarterly adjusted earnings of 67 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 70 cents. The mean expectation of five analysts for the quarter was for earnings of 73 cents per shar...Reuters
Apr 29, 2025
Other
Clear Channel Outdoor Holdings Inc expected to post a loss of 13 cents a share - Earnings Preview
Clear Channel Outdoor Holdings Inc CCO.N, CCO is expected to show a fall in quarterly revenue when it reports results on May 1 for the period ending March 31 2025The San Antonio Texas-based company is expected to report a 30.0% decrease in revenue to $337.221 million from $481.75 million a year ag...Reuters
Apr 29, 2025
Cryptocurrencies
Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto
In a live interview on CNBC’s Squawk Box on Monday, Peter Chung, Head of Research at quantitative trading firm Presto, reaffirmed his conviction that Bitcoin can reach $210,000 before the end of 2025, arguing that the asset is evolving into a macro-level refuge during moments of stress in the global...NewsBTC
Apr 29, 2025
Stocks
TriMas Corp reports results for the quarter ended March 31 - Earnings Summary
TriMas Corp TRS.OQ reported quarterly adjusted earnings of 46 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of two analysts for the quarter was for earnings of 40 cents per share. Wall Street...Reuters
Apr 29, 2025
Stocks
California Bancorp reports results for the quarter ended March 31 - Earnings Summary
California Bancorp BCAL.OQ reported quarterly adjusted earnings of 52 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of three analysts for the quarter was for earnings of 40 cents per share. W...Reuters
Apr 29, 2025
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