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Stocks and yen struggle as tech troubles weigh
By Marc Jones and Ankur Banerjee LONDON/SINGAPORE (Reuters) - World stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram parent Meta hammered tech, while the yen's drop... More
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- Meta earnings, IBM to acquire HashiCorp, U.S. GDP ahead - what's moving markets
- ServiceNow (NOW) stock falls as refreshed subscription outlook trails estimates
- Ford (F) earnings top estimates in Q1 amid strength in Pro unit; stock up
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- Boeing reports first revenue drop in 7 quarters as deliveries decline
- Analysts favorite fintech stock Adyen tumbles after revenue miss
- Texas Instruments (TXN) jumps on first above-consensus guide in seven years
- STMicroelectronics cuts outlook as slower demand causes Q1 miss
- BHP makes $38.8bn bid for Anglo American; analyst thinks improved offer is needed
- Sanofi jumps as Q1 key profit measure tops estimates; Citi reiterates Buy
- Apple's June guidance will miss Street estimates - Barclays
- Visa (V) stock rises as Q2 earnings, revenue come ahead of estimates
- Bank of America analysts say this stock will lead the aerospace renaissance
- Enphase Energy tumbles on guidance miss; BMO trims estimates and price target
- NVIDIA (NVDA) to acquire AI platform Run:AI
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Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
(Updated - April 25, 2024 5:18 AM EDT) Investing.com -- Meta Platforms (NASDAQ: META) reported softer revenue guidance for the current quarter, sending shares lower in premarket... More
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Oil steady as US demand concerns balance Middle East conflict risks
By Alex Lawler LONDON (Reuters) - Oil steadied on Thursday after settling lower the previous day as signs of retreating fuel demand in the U.S., the world's biggest oil user, contended with... More
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Yen hits fresh 34-year lows against dollar ahead of BOJ meeting
By Stefano Rebaudo and Rae Wee (Reuters) - The yen hit fresh 34-year low versus the dollar and a 16-year low against the euro on Thursday as investors expect a Bank of Japan... More
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IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
(Updated - April 25, 2024 4:00 AM EDT) IBM (NYSE: IBM) has reported earnings that beat analysts' expectations for the fiscal Q1 2024, though revenue missed the mark. The company... More
Latest StreetInsider Headlines
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- 05:45 AM Kitron: Minutes from Annual General Meeting 2024
- 05:45 AM Fresh Del Monte Produce Inc. to Report First Quarter 2024 Financial Results
- 05:45 AM Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024
- 05:44 AM Dimensional Fund Advisors Ltd. : Form 8.3 - WINCANTON PLC - Ordinary Shares
- 05:43 AM Stride Inc. (LRN) PT Raised to $77 at Citi
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13Fs
- Buffett's Berkshire adds Atlanta Braves stocks, sells GM and Procter & Gamble
- Starboard Value raises stake in Acacia Research, exits Splunk and Papa John's
- Soros fund sells remaining stake in Rivian, buys 1.5M shares of Novo Nordisk in Q3
Accesswire
- Alset Capital Inc. Announces C$5.5 Million Two-Year AI Compute Leasing Agreement Signed by Investee Company Cedarcross Technologies
- Significant Improvement in Vanadium Grade in Phase 1 Sizing Metallurgical Testwork
- Phoenix Motor Strengthens Capital Structure by Negotiating Key Waiver with Note Holder
Analyst Comments
- Stride Inc. (LRN) PT Raised to $77 at Citi
- Old Dominion Freight Line (ODFL) PT Lowered to $225 at Evercore ISI
- Chipotle Mexican Grill (CMG) PT Raised to $3,350 at BTIG
Analyst PT Change
- Stride Inc. (LRN) PT Raised to $77 at Citi
- Old Dominion Freight Line (ODFL) PT Lowered to $225 at Evercore ISI
- Chipotle Mexican Grill (CMG) PT Raised to $3,350 at BTIG
Board Changes
- Canadian Pacific Kansas City (CP) Announces Results of Board Elections
- Red Violet (RDVT) Announces Board Changes
- Digital Realty Trust (DLR) Appoints Susan Swanezy to its Board
Business Wire
- Embassy REIT Announces Record Full-Year FY2024 Results with 8.1 Million Square Feet of Total Leases; Guides to ~7% Distribution Growth in FY2025
- Fresh Del Monte Produce Inc. to Report First Quarter 2024 Financial Results
- Allegion (NYSE: ALLE) Reports Q1-2024 Financial Results
Commodities
- Oil steady as US demand concerns balance Middle East conflict risks
- EU's Proposed Sanctions On Russia To Target Oil Tankers, Ships Moving North Korean Equipment - Reuters
- Crude Inventory Declined 6.4 Million Barrels Last Week
Corporate News
- Sanofi jumps as Q1 key profit measure tops estimates; Citi reiterates Buy
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- STMicroelectronics cuts outlook as slower demand causes Q1 miss
Cryptocurrency
- Spot Bitcoin ETFs witness 5th consecutive day of outflows as halving imminent
- Bitcoin price today: tests $59k amid Iran-Israel escalation, halving watch
- Explainer-Bitcoin's 'halving': what is it and does it matter?
Dividends
- Ball Corporation (BALL) Raises Dividend, Enters 40M Share Buyback, Announces Management Changes
- Webster Financial (WBS) Declares $0.40 Quarterly Dividend; 3.5% Yield
- Pfizer (PFE) Declares $0.42 Quarterly Dividend; 6.4% Yield
Downgrades
- Truist Securities Downgrades HashiCorp Inc (HCP) to Hold
- Wedbush Downgrades First Industrial Realty Trust (FR) to Neutral
- JPMorgan Downgrades Monster Beverage (MNST) to Neutral, 'Cost Pressures and Weaker Low-end Consumer'
Earnings
- Southside Bancshares (SBSI) Tops Q1 EPS by 1c
- Allegion plc (ALLE) Tops Q1 EPS by 8c ; Offers Guidance
- Sanofi jumps as Q1 key profit measure tops estimates; Citi reiterates Buy
Economic Data
- Crude Inventory -6.37M Barrels vs 1.31M Expected
- Durable Goods (Mar P) 2.6% vs 2.5% Expected, Ex-Trans 0.2% vs 0.2%
- MBA Mortgage Applications -2.7% vs 3.3% Prior
Equity Offerings
- Universe Pharmaceuticals (UPC) Files for 20M Share Offering by Selling Stockholders
- Volato (SOAR) Files for Share Offering
- AZZ, Inc. (AZZ) Announces Proposed 4M Share Offering
FDA
- Acrivon Therapeutics (ACRV) Reports Initial Positive Clinical Data for ACR-368 and Pipeline Program Progress Today at Corporate R&D Event
- Gain Therapeutics (GANX) Announces Positive Results from the Single Ascending Dose (SAD) Part of the Phase 1 Clinical Trial of GT-02287
- Capricor Therapeutics (CAPR) Announces Positive Type-B Meeting with FDA for CAP-1002
Fed
- Fed hawks and doves: US central bankers see 'no urgency' to cut
- Fed's Goolsbee: Asked About A Possible Rate Hike If Needed, Says 'Don't Think Anything Is Not On The Table'
- Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says
Globe Newswire
- Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024
- Dimensional Fund Advisors Ltd. : Form 8.3 - WINCANTON PLC - Ordinary Shares
- Kitron: Minutes from Annual General Meeting 2024
Guidance
- Allegion plc (ALLE) Tops Q1 EPS by 8c ; Offers Guidance
- Sanofi jumps as Q1 key profit measure tops estimates; Citi reiterates Buy
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
Hedge Funds
- Legacy Credit Reports Over 5% Stake in VCI Global (VCIG)
- BofA says there is a continued strength in buybacks
- Turtle Creek Asset Management Responds to Gildan (GIL) Board’s Governance Charade
Insiders' Blog
- 7 Things to Know About Allbirds' (BIRD) Upcoming $2 Billion IPO
- HireRight (HRT) IPO: 9 Things to Know About the Upcoming Offering
- Udemy (UDMY) IPO: 7 Things to Know About Upcoming $4 Billion IPO
IPOs
- Rubrik (RBRK) Prices 23M Share IPO at $32/sh, Above Indicated $28-$31/sh Range - Reuters
- Rectitude Holdings (RECT) Announces 2M Share IPO at $4-$6/sh
- YY Group Holding (YYGH) Closes $5M IPO
Market Check
- Wall St opens higher on tech boost, earnings glee
- Wall Street closes higher as investors digest earnings, megacap outlook
- Wall St stocks end higher with major corporate earnings in view
Mergers and Acquisitions
- BHP makes $38.8bn bid for Anglo American; analyst thinks improved offer is needed
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- BHP Group makes $38.8 billion play for Anglo American, copper in focus
New Coverage
- Berenberg Starts Lloyds TSB Group (LYG) at Hold, 'shares are fairly valued'
- Goldman Sachs Starts Victoria's Secret (VSCO) at Sell, 'Tough macro and ongoing competitive pressures'
- Berenberg Starts Lloyds TSB Group (LYG) at Hold, 'shares are fairly valued'
Newsfile
- NETA Auto: The First Car from the Indonesian Factory Powers up Global Strategy
- GWM Unites Worldwide Partners and Media for Exclusive Test Drive Event, Showcasing Cutting-Edge Products
- LBank Exchange Will List Armonia Meta Chain (AMAX) on April 28, 2024
Press Releases
- Embassy REIT Announces Record Full-Year FY2024 Results with 8.1 Million Square Feet of Total Leases; Guides to ~7% Distribution Growth in FY2025
- Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024
- Fresh Del Monte Produce Inc. to Report First Quarter 2024 Financial Results
Private Company News
- Brevan Howard Cuts More Than 100 Employees To Reduce Costs - Bloomberg
- Citadel-Backed Prime Brokerage in Talks to Raise Fresh Capital - Bloomberg
- Red Lobster Mulls Filing For Bankruptcy To Fix Balance Sheet - Bloomberg
PRNewswire
- Mina Protocol to Integrate Celestia's Modular Data Availability Layer
- Breach Secure Now Names Dan Cucchi as Vice President of Sales
- Bitrue Report Uncovers Potential of Decentralized GPU Rental Market to Disrupt Big Tech's Grip on AI Resources
Reuters
- Turkey offers Iraq technical help to bolster border security
- Kremlin says U.S. long-range missiles sent to Ukraine will not change war's outcome
- US proposal for frozen Russian asset revenues gaining ground, G7 officials say
SEC Filings
- Form 4 EMPIRE PETROLEUM CORP For: Apr 22 Filed by: Mulacek Phil E
- Form 3/A EMPIRE PETROLEUM CORP For: Mar 15 Filed by: Mulacek Phil E
- Form 3 Loar Holdings Inc. For: Apr 24 Filed by: Abrams David C