Articles by Daniel Marsh
PNC Reduces T. Rowe Price Stake Amid Strategic Shift to US Equities
PNC Financial cut its T. Rowe Price stake by 4.3% in Q4. T. Rowe shifts to US equities, reports $1.825T AUM, but net outflows hit $10.6B. Q1 EPS of $2.52 beat estimates.
American Airlines Slips After Rally; Fuel Costs in Focus
American Airlines shares edged lower Friday after a strong rally, with rising oil prices and CEO Robert Isom's upcoming conference appearance keeping investors cautious.
Plug Power Rides AI Data Center Wave to 14% Gain
Plug Power shares jumped 14.2% on Thursday, buoyed by Bloom Energy's AI data-center deal and news that its Barrow Green Hydrogen project reached final investment decision.
Asian Markets Rally on US-Iran Talks, Nikkei Nears Record
Asian shares advanced Friday, with Japan's Nikkei jumping 2.8% toward a record high, fueled by hopes for US-Iran diplomacy, while oil remained near $105 and the yen stayed weak.
London Stocks Edge Higher Amid Mixed UK Economic Signals
FTSE 100 gained 0.37% in early trade, supported by BT, Compass, and 3i, while UK retail sales dropped 1.3% and public borrowing hit £24.3 billion.
Lloyds, SpaceX IPO, and Market Divergence Lead Today's Financial News
Lloyds Banking Group shares have risen 22% in the past year, showcasing strong dividend power. SpaceX files for a landmark IPO, while market divergence highlights tech optimism versus inflation concerns.
Dow Closes at Record High Amid Late-Session Tech Buying
The Dow closed at a record 50,285.66, rising 0.55%, with the S&P 500 and Nasdaq also higher. Nvidia slipped despite record revenue, as oil and inflation concerns linger before the holiday weekend.
Estée Lauder Shares Jump After Merger Talks Collapse
Estée Lauder shares rose about 10% in extended trading after ending merger discussions with Spain's Puig, shifting focus to its standalone turnaround strategy.
Lockheed Martin Starts $9B Alabama Missile Plant as Pentagon Urges Stockpile Rebuild
Lockheed Martin began construction on a new munitions facility in Troy, Alabama, to expand THAAD interceptor production and prepare for the Next Generation Interceptor, part of a $9 billion investment to ramp up missile output.