Articles by Daniel Marsh
Stellantis Shares Slide 5% Amid Bond Issuance and Strategic Uncertainty
Stellantis shares dropped 5.2% Friday, closing at $6.50, pressured by a major bond offering and reports of talks with Chinese automakers. The company faces investor skepticism despite a legal win and CEO assurances.
Lloyds Shares Slide Amid App Glitch and Broader Banking Sector Pressure
Lloyds Banking Group closed down 1.38% at 94.18 pence, leading FTSE All-Share volume, pressured by a technical glitch and sector-wide weakness. The bank repurchased 19.27 million shares as part of its buyback program.
Morgan Stanley Maintains Sell on Ambev Amid Cost Pressures
Morgan Stanley reaffirmed its Sell recommendation on Ambev S.A., maintaining an R$11 price target due to aluminum cost concerns. The brewer's fourth-quarter net profit declined 9.9% year-over-year.
Dominion Energy Outage Resolved Amid Major Grid Investment Push
Dominion Energy has restored service following a brief outage affecting approximately 1,000 customers in Norfolk, Virginia. The incident comes as the utility is executing a massive $64.7 billion capital spending program to expand grid capacity.
Amazon Shares Dip Amid Investor Caution Over Spending, Market Pressures
Amazon shares fell 0.7% to $208.11 Friday, overshadowing a favorable court ruling and a new AI hardware deal. Investor focus remains on the company's substantial capital expenditure plans and a challenging market environment.
Pfizer Shares Dip as GSK RSV Vaccine Gains Ground, Eliquis Data Provides Support
Pfizer shares declined 1% to $26.60 Friday after GSK secured expanded FDA approval for its RSV vaccine, challenging Pfizer's market position. Encouraging clinical results for blood thinner Eliquis helped cushion the drop.
Dow Retreats Amid Inflation Jitters, $100 Oil Stirs Stagflation Fears
U.S. stocks declined Friday, with the Dow Jones Industrial Average holding near 46,660. Surging oil prices and persistent inflation data heightened stagflation worries before next week's Federal Reserve meeting.
Mortgage Rates Surge to 6.41% as Bond Yields, Oil Prices Climb
U.S. mortgage rates jumped sharply this week, with the 30-year fixed rate reaching 6.41% as Treasury yields and oil prices rose. The increase complicates the spring homebuying season and has already impacted homebuilder earnings.
Bank Stocks Gain on Regulatory Ease Amid Credit, Rate Pressures
Bank of America shares advanced Friday after Federal Reserve officials signaled plans to reduce capital requirements for major banks. The gains occurred alongside fresh stress in private credit markets and persistent inflation concerns delaying interest rate cuts.