Articles by Daniel Marsh
Grab Announces $400M Buyback and Taiwan Expansion, Shares Rally
Grab Holdings saw its stock climb over 4% following the announcement of a $400 million share buyback program and a strategic $600 million acquisition of foodpanda's Taiwan operations, its first expansion outside Southeast Asia.
AT&T Nears 52-Week Peak on Citi Target Hike, Fiber Focus
AT&T shares advanced Tuesday, trading near a 52-week high after Citigroup increased its price target to $31.50 and reiterated a Buy rating. The move comes ahead of the company's first-quarter earnings report on April 22.
Stellantis Shares Rally on Strong European Sales, Chairman Expresses Turnaround Confidence
Stellantis shares advanced 2.3% following a 9.5% surge in European vehicle registrations for February. Chairman John Elkann expressed optimism about the automaker's future direction while urging caution on capital spending.
Mortgage Rates Climb to 6.55% as Treasury Yields Surge, Dampening Housing Demand
Mortgage rates increased Tuesday, with the 30-year fixed rate reaching 6.55% as Treasury yields climbed. Mortgage applications dropped 10.9% last week, reflecting continued buyer sensitivity to higher borrowing costs.
Grab Announces $400M Buyback and Taiwan Expansion, Shares Rise
Grab Holdings shares advanced following the announcement of a $400 million stock buyback and a $600 million acquisition of Delivery Hero's foodpanda Taiwan business, expanding its geographic footprint.
Markets Mixed as Oil Surge, Slowing PMI Weigh on Sentiment
U.S. stocks were mixed Tuesday as a rebound in oil prices and signs of slowing economic growth tempered Monday's rally. The Dow Jones Industrial Average advanced, while the Nasdaq Composite slipped.
Opendoor Stock Dips as Rising Mortgage Rates Pressure Spring Housing Outlook
Opendoor Technologies stock declined roughly 2% as mortgage rates climbed to their highest level since December, clouding the spring homebuying season. The company forecasts a sequential revenue drop and ongoing EBITDA losses.
Plug Power Shares Retreat as Market Weighs Turnaround Strategy
Plug Power shares fell Tuesday, giving back some of Monday's gains after management outlined a turnaround plan. Analysts remain skeptical, seeking sustained execution.
SoFi Shares Slide Amid Accounting Dispute, CEO Buys Stock
SoFi Technologies shares declined Tuesday as a short-seller's allegations about hidden debt continued to pressure the stock, despite a defense from Mizuho analyst Dan Dolev. CEO Anthony Noto bought shares on the day the report was released.