Articles by Daniel Marsh
AES Plunges 17% on $15 Takeover Bid as Market Prices in Deal Risk
AES Corp shares fell sharply after the power company agreed to a $15-per-share buyout. The stock traded below the offer price as investors weighed a lengthy closing timeline and regulatory hurdles.
AES Plunges 17% as $15 Buyout Deal Faces Scrutiny Over Timeline, Risk
Shares of AES Corp. tumbled 17% Monday after the power company agreed to a $15-per-share buyout, trading below the offer price as investors weigh a lengthy closing timeline and regulatory risks.
ISM Price Surge Stirs Inflation Fears as Stocks Await Jobs Data
Manufacturing input costs surged to their highest level since October 2022, according to the ISM report, while the S&P 500 ended nearly flat. Investors are now focused on key labor market data due later this week.
Dow Trims Losses as Oil Spike Fuels Inflation Worries
The Dow Jones Industrial Average recovered from deeper losses but remained down 0.14% by midday Monday as a sharp jump in oil prices stoked inflation fears. Early declines were led by Sherwin-Williams and 3M.
ASX 200 Hits Record High on Energy Surge, Financials Slump
The Australian benchmark index edged up to a new record close, driven by energy shares following a surge in oil prices. Financial stocks experienced their worst session in months.
ASX 200 Sees Record Finish as Energy Surges on Oil Spike
The Australian benchmark index edged up to a new closing peak of 9,200.9, supported by sharp gains in energy shares following a surge in oil prices. Financial stocks experienced significant pressure, declining 1.8%.
Robinhood Shares Gain Ahead of Key Events Amid Broader Market Pressure
Robinhood Markets shares advanced approximately 4% in Monday trading as the company prepares for a key investor conference and a major product event later this week. Broader market indices declined amid Middle East tensions and rising oil prices.
Defense Stocks Surge on Geopolitical Tensions; RTX Leads Gains
RTX Corp. surged 4.4% to $211.51 Monday, leading a defense sector rally fueled by Middle East tensions. Broader indexes declined as oil and gold prices advanced.
Defense Stocks Surge on Geopolitical Tensions; RTX Leads Gains
RTX Corp. surged 4.4% to $211.51 on Monday, leading a defense sector rally driven by escalating Middle East tensions. Broader market indexes declined as investors shifted toward safe-haven assets.