May 17, 2024 10:02 am
Treace Medical Concepts Inc’s (NASDAQ: TMCI) shares retreated more than 5% on Thursday, after UBS cut its investment rating on the stock to “Neutral”. UBS cited limited visibility into Treace Medical’s ability to preserve a market share due to intensifying competition for its bunion product Lapiplasty. The investment bank also revised down its 12-month price […]
Read moreMay 17, 2024 8:09 am
3M Company’s (NYSE: MMM) shares surged more than 3% on Thursday, after Vertical Research Partners raised its investment rating on the stock to “Buy” from “Hold” previously. Vertical Research Partners also bolstered its 12-month price target on 3M to $140 per share from $92 per share. “There are still many uncertainties in the 3M outlook, […]
Read moreMay 16, 2024 4:33 pm
Manufacturing activity in Philadelphia has slowed markedly in May from a month earlier, the latest data showed. The Philadelphia Fed Manufacturing Index was reported at a reading of 4.5 in May down from a two-year high of 15.5 in April. In comparison, market consensus had pointed to a lesser slowdown in activity (a reading of […]
Read moreMay 16, 2024 11:51 am
American International Group Inc (NYSE: AIG) said on Thursday that it had agreed to sell nearly 120 million shares of its Corebridge common stock to Nippon Life Insurance Company for a total consideration of $3.8 billion. The above mentioned shares comprise 20% of the outstanding shares of Corebridge. AIG also said that it had agreed […]
Read moreMay 16, 2024 9:24 am
Annual consumer price inflation in Italy has decelerated to 0.8% in April from 1.2% in March, a final estimate by the National Institute of Statistics showed. The figure compared with a preliminary estimate of 0.9% and reflected the impact of extended restrictive monetary policy by the European Central Bank. In April, the cost of unregulated […]
Read moreMay 16, 2024 7:43 am
The EUR/NOK currency pair was hovering just above a fresh one-month low of 11.5874, after data showed Norway’s mainland GDP had grown in line with market expectations during the three months to March. GDP in Norway’s mainland, which does not take into account the petroleum-based offshore sector, grew at a quarterly rate of 0.2% in […]
Read moreMay 15, 2024 3:15 pm
Russia has reported its biggest trade balance surplus since December 2022 in March. The country’s trade surplus widened to USD 18.81 billion in March from USD 12.95 billion in the same month a year ago, the latest data by the Central Bank of Russia showed. Russia has been recording regular trade surpluses for the past […]
Read moreMay 15, 2024 1:04 pm
Amazon Web Services (AWS) announced on Wednesday plans to invest as much as EUR 7.8 billion in Germany through 2040 in relation with a cloud computing infrastructure being established specifically for Europe. According to a report by Reuters, AWS intends to launch several data centers in the state of Brandenburg by the end of next […]
Read moreMay 15, 2024 9:44 am
Loews Corporation (NYSE: L) said on Tuesday that its Board of Directors had authorized a quarterly dividend of $0.0625 per share of common stock. The dividend will be paid on June 11th to shareholders of record as of the close of business on May 29th 2024, the company said. The dividend was kept unchanged from […]
Read moreMay 15, 2024 8:26 am
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Monday that it had acquired Cedar Rapids, Iowa-based Acumen Advisors Inc. However, the company did not disclose any financial details of the agreement. Acumen is an employee benefits consultant, which serves small and medium-sized businesses throughout Iowa. “Acumen […]
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