Reddit initiated, Cigna downgraded: Wall Street's top analyst calls
Reddit initiated, Cigna downgraded: Wall Street's top analyst calls
News
Banxico May Accelerate Cuts as Growth, Inflation Slow
(Bloomberg) -- Mexico’s central bank will likely double the pace of monetary policy easing Thursday, delivering a half-point rate cut with inflation back in the target range, growth slowing and tariffs delayed.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneSan Francisco
Bitcoin ETFs Brimming With Inflows Amid Tariff Turmoil
Bitcoin ETFs collectively pulled in $1.1 billion in the five trading days ending Tuesday with IBIT leading the pack.
Under Armour Stock Surges as Sales, Adjusted Profit Top Estimates
Shares of athletic apparel maker Under Armour rose in premarket trading Thursday after the company's third-quarter sales and adjusted profit topped estimates.
Oil firms as Trump policies continue to drag on prices
LONDON (Reuters) -Oil prices edged up on Thursday after Saudi Arabia's state oil company raised its March crude prices sharply, but the gains barely dented the previous day's slide in benchmark Brent crude. Brent crude futures rose 44 cents, or 0.6%, to $75.05 a barrel by 1355 GMT. Oil prices had plunged by more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signalled weaker demand while investors also weighed up the implications of a new round of U.S.-China trade tariffs, including duties on energy products.
Bank of England Cuts Rates While Warning on Growth and Inflation
(Bloomberg) -- Bank of England officials decided to cut interest rates to a 19-month low, with two supporting a bumper 50-basis-point cut, prompting markets to boost bets on further easing.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneSan Francisco Wants Wealthy Donors
Arrow Electronics’s (NYSE:ARW) Q4 Sales Top Estimates But Stock Drops
Global electronics components and solutions distributor Arrow Electronics (NYSE:ARW) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 7.2% year on year to $7.28 billion. On the other hand, next quarter’s revenue guidance of $6.28 billion was less impressive, coming in 3.3% below analysts’ estimates. Its non-GAAP profit of $2.97 per share was 11% above analysts’ consensus estimates.