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REFILE-U.S. aid cuts to Myanmar are having catastrophic impact, UN rapporteur says
GENEVA, March 17 (Reuters) - U.S. cuts to humanitarian aid are having a crushing impact on people in Myanmar, with violence likely to spiral, the UN special rapporteur on the situation of human rights in Myanmar Thomas Andrews told a press briefing in Geneva on Monday.Sudden cuts to food and health ...Reuters
Mar 17, 2025
Stocks
Walmart's US e-commerce profitability could arrive as soon as Q1: Morgan Stanley
Investing.com -- Walmart’s long-awaited U.S. e-commerce profitability could arrive as soon as the first quarter of fiscal 2025 (1Q25), according to Morgan Stanley (NYSE:MS). In a note on Monday, theInvesting.com
Mar 17, 2025
Stocks
Redburn launches Reddit stock coverage at Sell amid ‘material downside’ risk
Investing.com -- Redburn Atlantic has begun coverage on Reddit Inc (NYSE:RDDT) stock with a Sell rating, setting a price target of $75 per share, which implies roughly 40% downside from the last cInvesting.com
Mar 17, 2025
Cryptocurrencies
What Crypto To Buy Now as Whales Snap Up $815M+ in $ETH
Is the crypto market turning a corner? Crypto analyst Ali Martinez’s report of $815M+ in Ethereum ($ETH) whale accumulation, coupled with his Bitcoin rally prediction, would suggest so. The surge in whale buys aligns with the predictions from some crypto pundits that the recent dip is actually just ...Bitcoinist
Mar 17, 2025
Stocks
Banc of California up after authorizing $150 million stock repurchase program
** Regional lender Banc of California's BANC.N shares rise 1% to $14.10** BANC says its board has authorized the repurchase of up to $150 million worth of its shares** Purchases may be made in open-market transactions, block transactions, and privately negotiated transactions, among other means*...Reuters
Mar 17, 2025
Stocks
LIVE MARKETS-RBC cuts S&P 500 year-end target to 6,200
Dow, S&P 500 modestly green, Nasdaq now negativeReal Est leads S&P 500 sector gainers; Cons Disc weakest groupEuro STOXX 600 index up ~0.7%Dollar down; bitcoin ~flat; gold, crude riseU.S. 10-Year Treasury yield edges down to ~4.29%Welcome to the home for real-time coverage of markets brought...Reuters
Mar 17, 2025
Stocks
Joby lifts after air-taxi deal with Virgin Atlantic in UK
** Joby Aviation's JOBY.N shares up 2% at $6.37 early Mon after co announced tie-up with Virgin Atlantic** Santa Cruz, California-based firm on Sat said will partner with Virgin Atlantic on launch of Joby's air taxi service in the UK** Partnership builds on its existing agreement with Delta ...Reuters
Mar 17, 2025
Other
Flood Re enters cat bond market with Vision 2039 placement via London Bridge 2
By Rebecca DelaneyMarch 17 - (The Insurer) - UK reinsurance backstop Flood Re has completed its debut catastrophe bond Vision 2039 using the London Bridge 2 PCC Limited transformer vehicle, the first use of the structure by a non-Lloyd's entity.Marking Flood Re's entry into the cat bond mark...Reuters
Mar 17, 2025
Other
Top Senate Democrat Schumer postpones book tour for "security reasons"
WASHINGTON, March 17 (Reuters) - Top Senate Democrat Chuck Schumer postponed his book tour events for the week of March 17 "for security reasons," according to an announcement posted on the website of the Baltimore library where he was due to speak on Monday.Schumer has faced swift backlash ...Reuters
Mar 17, 2025
Stocks
Broadcom down after report says Google partners with Taiwan's MediaTek for AI chips
** Shares of chipmaker Broadcom AVGO.O fall 1.3% to $192.80** Google plans to team up with Taiwanese firm MediaTek 2454.TW on next version of chips known as Tensor Processing Units, the Information reports** Google chose MediaTek partly because MediaTek has strong relationship with TSMC 2330.TW and ...Reuters
Mar 17, 2025
Stocks
Incyte falls after late-stage data from experimental skin disease drug
** Drugmaker Incyte Corp's INCY.O shares fall ~10% to over a seven-month low of $61.16** Co's experimental drug, povorcitinib, meets the main goal of two separate late-stage trials, but significantly underperformed prior studies** At least three analysts said this could make it less competit...Reuters
Mar 17, 2025
Other
Safran offers remedies to win EU approval for Collins deal
By Foo Yun Chee BRUSSELS, March 17 (Reuters) - French engine and aircraft equipment maker Safran SAF.PA has offered remedies in an attempt to secure EU antitrust approval for its $1.8 billion bid for Collins Aerospace's flight controls business, an update on the European Commission website sh...Reuters
Mar 17, 2025
Economic Indicator
Trump administration seeks delay in Nippon Steel case for merger talks, filing shows
March 17 (Reuters) - The Trump administration filed a motion to extend two deadlines in U.S. Steel X.N and Nippon Steel's 5401.T lawsuit against a U.S. national security panel to give the government more time to wrap up merger talks with the firms, a filing showed on Monday.The filing is the cle...Reuters
Mar 17, 2025
Economic Indicator
US business inventories increase in January
WASHINGTON, March 17 (Reuters) - U.S. business inventories rebounded in January as declining sales boosted stocks at wholesalers, which could see inventories contributing to economic growth in the first quarter. Inventories increased 0.3% after declining 0.2% in December, the Commerce Department&#...Reuters
Mar 17, 2025
Other
UBS drops diversity targets from annual report, emphasises meritocracy
ZURICH, March 17 (Reuters) - Swiss bank UBS UBSG.S scrapped references to establishing women in management roles and hiring employees from ethnic minority backgrounds from its 2024 annual report, instead focusing on meritocracy.A number of U.S. companies have been scaling back diversity, equity and ...Reuters
Mar 17, 2025
Other
Exclusive: Zurich Programs partners with Origin on new hospitality workers’ comp offering
By Chris MunroMarch 17 - (The Insurer) - Zurich has entered into a partnership with Origin Specialty Underwriters through which the AM Best A-plus rated insurer has agreed to provide capacity to the program administrator’s new small to middle market restaurant and hotel-focused workers’ compensation...Reuters
Mar 17, 2025
Cryptocurrencies
Ripple’s SEC case now has 2 expected outcomes, with big ramifications for crypto
Ripple’s long-running legal battle with the US Securities and Exchange Commission (SEC) is reportedly nearing its conclusion, according to sources within the agency, cited by an XRP community member dubbed Andrew. The insiders claim that negotiations involving the five-year court case could reclassify XRP as a commodity. According to a March 17 post by Andrew, […]Cryptopolitan
Mar 17, 2025
Stocks
Norwegian Cruise Line up after J.P.Morgan upgrades to 'overweight'
** Shares of Norwegian Cruise Line Holdings NCLH.N rise as much as 4.6% to $20.07 in early trading** Brokerage J.P.Morgan upgrades stock to "overweight" from "neutral"** Cites management comments pointing to zero detectable change in demand behavior to date despite "noise" in...Reuters
Mar 17, 2025
Stocks
LIVE MARKETS-Wall Street tries to look on the bright side of economic data
U.S. equity indexes angle for a gains, Nasdaq most choppyNAHB housing market index 39 vs 42 estimateEnergy leads S&P 500 sector gainers; Cons Disc sole loserEuro STOXX 600 index up ~0.7%Dollar, bitcoin fall; gold gains; crude up ~1%U.S. 10-Year Treasury yield edges down to ~4.30%Welcome to the h...Reuters
Mar 17, 2025
