Articles by Daniel Marsh
Pfizer Shares Dip Amid Market Selloff, Weight-Loss Drug Approved in China
Pfizer shares declined 1.6% on Thursday, caught in a broad market downturn. The company navigates falling COVID product revenue while advancing its pipeline, including a new weight-loss drug approval in China.
Mortgage Rates Climb, Housing Stocks Retreat Amid Mixed Data
Mortgage rates increased this week, with the average 30-year fixed loan reaching 6.11%. Housing starts and permits declined in January, though mortgage applications rose. Major homebuilder and lender stocks traded lower.
Cruise Stocks Sink as Oil Surge Fuels Fuel Cost Fears
Shares of major cruise operators declined sharply Thursday, led by Carnival and Royal Caribbean, as a spike in oil prices above $99 renewed investor anxiety over rising fuel costs and future profitability.
Grab Holdings Shares Slide on CEO's Planned Stock Sale, Weak Outlook
Grab Holdings shares declined more than 3% following a regulatory filing revealing CEO Anthony Tan's plan to sell up to 1.2 million shares. The stock has fallen 26% year-to-date, weighed down by a softer financial outlook and market-wide headwinds.
Wall Street Slides as Oil Surge, Credit Fears Rattle Investors
U.S. stocks tumbled sharply on Thursday, with the Dow Jones Industrial Average dropping over 550 points. The sell-off was driven by a spike in oil prices above $100 a barrel and fresh strains in private credit markets.
FTSE 100 Slips as $100 Oil Revives Inflation Fears, Shifts Rate Expectations
London's FTSE 100 declined 0.47% to 10,305.15 as surging oil prices revived inflation concerns, causing traders to shift expectations toward potential Bank of England rate hikes. HSBC shares fell sharply following branch closures in Qatar.
Bradesco ADRs Plunge Amid Brazil Bank Selloff, Rate Decision Looms
Banco Bradesco's U.S.-traded shares declined approximately 5% on Thursday, mirroring a broader retreat in Brazilian financial stocks. The movement precedes a key central bank rate decision and follows shareholder approval of a capital restructuring.
Opendoor Shares Slide Amid Housing Data, Fed Outlook
Opendoor Technologies shares declined roughly 6% in Thursday trading, pressured by disappointing U.S. housing data and shifting expectations for Federal Reserve interest rate cuts. The online home-flipping company reported a substantial net loss for 2025.
SoFi Shares Drop Amid Broader Fintech Selloff as Oil Rally Dents Rate Cut Hopes
SoFi Technologies shares declined approximately 3% on Thursday, underperforming a broader tech retreat. The drop coincided with oil approaching $100 per barrel, which renewed fears of persistent inflation and delayed interest rate cuts.