Articles by Daniel Marsh
AT&T Completes $6.5B Bond Offering, Unveils New Youth Phone
AT&T shares declined 0.7% to $27.13 Friday following a $6.5 billion multi-tranche bond sale and the launch of its amiGO Jr. Phone for children.
Verizon's Rally Halts Amid Leadership Shift, Focus Turns to Economic Data
Verizon shares dropped 1.7% on Friday, ending a seven-day advance. The decline followed a management change in its consumer division, with investors now eyeing upcoming U.S. jobs and inflation reports.
Thermo Fisher Shares Stabilize After 4% Drop as Plant Closure and Macro Data Loom
Thermo Fisher Scientific's stock held near $543 Friday following a sharp decline. The company plans to close a Massachusetts facility by 2026, affecting 80 jobs, while investors await key U.S. economic reports.
Amgen Reaches 52-Week Peak on Friday; Investors Eye Inflation Data and Drug Pricing
Amgen shares surged 4.5% to close at $384.32 on Friday, achieving a new 52-week high. Market participants are monitoring upcoming U.S. inflation figures and developments in drug pricing.
Inditex Initiates €180M Share Buyback, Stock Nears €58 Level
Inditex shares gained 0.78% to €57.14 as the company launched a €180 million share repurchase program. Investors now await full-year results scheduled for March 11.
GE Vernova Surges 5.6% on Wind Orders and Acquisition Close
GE Vernova shares climbed nearly 6% Friday following new U.S. wind repower orders and completion of a major transformer acquisition. Investors await key U.S. economic data next week.
MUFG Shares Gain as Bond Strategy and Election Loom Over Tokyo Trading
Mitsubishi UFJ Financial Group's stock advanced 2.5% in Tokyo, with the bank eyeing renewed JGB purchases despite significant paper losses. Markets await Japan's election outcome and Bank of Japan policy signals.
Reliance Industries Gains on Australian Beverage Acquisition Ahead of Market Reopening
Reliance Industries shares rose 0.5% to 1,450.80 rupees Friday after its consumer unit acquired a majority stake in Australia's Goodness Group Global. The stock remains 10% below its 52-week high.
Bank of China A Shares Dip Amid Former Executive's Party Expulsion
Bank of China's Shanghai-listed A shares fell 0.93% to 5.35 yuan as state media reported the expulsion of former vice president Lin Jingzhen from the Communist Party for disciplinary violations.
Siemens Gains on €3 Billion Copenhagen Automated Train Contract Ahead of Quarterly Results
Siemens shares rose 2.45% to €250.50 after its Mobility unit, with partner Stadler, secured a €3 billion framework contract for 226 driverless trains in Copenhagen. The company reports Q1 earnings and holds its AGM on February 12.
PepsiCo Shares Approach $170 Amid Price Strategy Shift and $10B Buyback
PepsiCo stock gained 1.8% to close at $170.49, capping a week of nearly 10% gains as investors assess snack price cuts and a new $10 billion share repurchase program.