(Reuters) – KKR & Co will take education software platform Instructure Holdings private for $4.8 billion, the private equity firm said on Thursday. The buyout heralds a potential resurgence[...]
Read more
July 25, 2024
Macro hedge funds to dump $45 billion in equities, says Morgan Stanley
By Carolina Mandl NEW YORK (Reuters) – Computer-driven macro hedge fund strategies on Wednesday sold $20 billion in equities and are set to shed at least more $25 billion over the next week afte[...]
Read more
Morning Bid: Stocks not out of the woods after trying to recover
(Reuters) – – A look at the day ahead in Asian markets by Alden Bentley in New York. U.S. stock markets tried to steady from their epic one-day shakeout before giving it up late in the day[...]
Read more
Stocks add to recent losses; yen flat after 2 1/2-mo high vs dollar
By Caroline Valetkevitch NEW YORK (Reuters) -World stock indexes mostly fell in choppy trading Thursday, adding to losses after a tech-led selloff in the previous session, while the Japanese yen drift[...]
Read more
L3Harris raises 2024 outlook amid global tensions
(Reuters) – L3Harris raised its outlook for 2024 after beating Wall Street estimates for second-quarter profit on Thursday, betting on sustained weapons demand and robust defense spending amid e[...]
Read more
Ackman cuts new fund’s target size, asks investors to commit
By Svea Herbst-Bayliss (Reuters) -Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller than the $25 billion people initially said he could raise, citing investo[...]
Read more
Norfolk Southern beats second-quarter profit estimates on higher pricing
U.S. railroad operator Norfolk Southern reported second-quarter profit above Wall Street estimates thanks to robust pricing, sending its shares up nearly 7% on Thursday. Improving intermodal volumes c[...]
Read more
Deckers Outdoor raises FY profit target on strong Hoka, UGG demand
By Granth Vanaik (Reuters) – Deckers Outdoor raised its annual profit forecast after beating first-quarter estimates on Thursday, betting on strong demand for the footwear and apparel firm[...]
Read more
Investors recoil as this year’s ‘everything rally’ screeches to a halt
By Amanda Cooper and Naomi Rovnick LONDON (Reuters) -Investors are ditching some of this year’s favourite trades as a retreat in the glitzy megacaps risks snowballing into a multi-pronged sellof[...]
Read more