News

Morning Bid: Shutdown reprieve could offer S&P 500 relief

It's Friday, so today I'll provide a quick overview of what's happening in global markets and then offer you some weekend reading suggestions away from the headlines. * U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. * Top U.S. Senate Democrat Chuck Schumer on Thursday said he would vote to advance a Republican stopgap funding bill, signaling that his party would provide the votes to avert a government shutdown.

WideOpenWest (NYSE:WOW) Misses Q4 Revenue Estimates, But Stock Soars 9.4%

Broadband and telecommunications services provider WideOpenWest (NYSE:WOW) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 9.6% year on year to $152.6 million. On the other hand, the company expects next quarter’s revenue to be around $148 million, close to analysts’ estimates. Its GAAP loss of $0.13 per share was 14.5% above analysts’ consensus estimates.

BlackRock’s Rieder Snaps Up European Stocks on Spending Jump

(Bloomberg) -- BlackRock Inc.’s Rick Rieder is investing more in European equities as he expects the region’s industries to benefit from an increase in fiscal spending.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureThe portfoli