$KKR

159 stories mentioning KKRUpdated just now

Every FINWIRES story that references KKR, newest first.

What's the latest news on KKR?

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks were advancing in late Friday afternoon trading, with the NYSE Financial Index rising 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.7%.The Philadelphia Housing Index was climbing 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.7%.Bitcoin (BTC-USD) was increasing 1% to $77,301, and the yield for 10-year US Treasuries rose 3.1 basis points to 4.975%.In economic news, the US consumer price index rose 0.4% month on month, the fastest pace since May and above July's 0.1% gain, the Bureau of Labor Statistics data showed Friday. The move matched the Bloomberg-polled consensus. Core inflation, which excludes the more volatile food and energy components, jumped to a four-month high of 0.3%, exceeding market projections for an unchanged 0.2% growth.The University of Michigan's preliminary consumer sentiment index fell to 47.8 in September from 51.7 in August, larger than an expected decrease to 51.0 in a survey compiled by Bloomberg.In corporate news, Jefferies Financial (JEF) is on track for its best advisory quarter on record, though the strength will have limited pull-through to earnings amid trading headwinds, UBS said in a note. The firm kept its neutral rating on the stock but trimmed its price target to $61 from $65. Jefferies shares were down 3.6%.Blackstone (BX) plans to buy many more tensor processing units from Alphabet (GOOGL) unit Google than initially outlined, The Information reported. The private equity and real estate giant's spending on TPUs could be several "multiples" beyond the $5 billion it announced under a joint venture with Google in May, the report said. Blackstone shares rose 2.4%.KKR (KKR) and Francisco Partners have agreed to buy minority stakes in Italian software company TeamSystem from its main investor Hellman & Friedman, Reuters reported. KKR shares were up 0.2%.Intercontinental Exchange (ICE) warehouses could receive huge volumes of arabica coffee from Brazil, with two trade majors processing the certification of their stocks, Reuters reported. ICE Futures US runs the arabica coffee contract, and majors Olam and Louis Dreyfus are seeking to certify thousands of bags of coffee at the exchange in time for the December contract, sources told Reuters. Olam is processing up to 200,000 bags, according to the report. Intercontinental Exchange shares added 1.1%.

$BX$ICE$JEF$KKR

Sectors2d ago

Sector Update: Financial Stocks Higher Friday Afternoon

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.9% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.6%.The Philadelphia Housing Index was climbing 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.1%.Bitcoin (BTC-USD) was increasing 1.7% to $77,833, and the yield for 10-year US Treasuries was slightly higher at 4.95%.In economic news, the US consumer price index rose 0.4% month on month, the fastest pace since May and above July's 0.1% gain, the Bureau of Labor Statistics data showed Friday. The move matched the Bloomberg-polled consensus. Core inflation, which excludes the more volatile food and energy components, jumped to a four-month high of 0.3%, exceeding market projections for an unchanged 0.2% growth.The University of Michigan's preliminary consumer sentiment index fell to 47.8 in September from 51.7 in August, larger than an expected decrease to 51.0 in a survey compiled by Bloomberg.In corporate news, KKR (KKR) and Francisco Partners have agreed to buy minority stakes in Italian software company TeamSystem from its main investor Hellman & Friedman, Reuters reported. KKR shares were up 0.5%.Intercontinental Exchange (ICE) warehouses could receive huge volumes of arabica coffee from Brazil, with two trade majors processing the certification of their stocks, Reuters reported. ICE Futures US runs the arabica coffee contract, and majors Olam and Louis Dreyfus are seeking to certify thousands of bags of coffee at the exchange in time for the December contract, sources told Reuters. Olam is processing up to 200,000 bags, according to the report. Intercontinental Exchange shares added 1.5%.Blackstone (BX) intends to purchase many more tensor processing units from Alphabet (GOOGL) unit Google than initially outlined, The Information reported. The private equity and real estate giant's spending on TPUs could be several "multiples" beyond the $5 billion it announced under a joint venture with Google in May, the report said. Blackstone shares rose 2.4%.

$BX$ICE$KKR

Sectors2d ago

Sector Update: Financial

$KKR

Sectors9d ago

Sector Update: Financial Stocks Lean Lower Premarket Friday

Financial stocks were leaning lower premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.6%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.6% higher.AMC Entertainment (AMC) CEO Adam Aron criticized Robinhood Markets (HOOD) on X Thursday after the digital trading platform launched a tokenized version of AMC shares, referring to the practice as "contemptible" and "outrageous". Shares of Robinhood Markets were down more than 3% pre-bell.Deutsche Bank (DB) led an effort to provide about $950 million of credit to properties owned by troubled Hollywood studio landlord Hackman Capital Partners, which is now in default, the Financial Times reported, citing court records and people familiar with the matter. Deutsche Bank stock was 0.9% lower premarket.KKR's (KKR) KKR-Income Trust I saw investor withdrawal requests fall to about 2.5% of net asset value in the Q3 2026, Bloomberg reported. KKR shares were down more than 1% pre-bell.

$AMC$DB$FAS$FAZ$HOOD$KKR$XLF

Wire10d ago

KKR to Sell 10% Stake in Nordic Bioscience

KKR (KKR) has agreed to sell its 10% minority stake in Nordic Bioscience to the company's founder and majority shareholder, Claus Christiansen, the companies said Thursday.Terms of the transaction were not disclosed.Following the transaction, Kugan Sathiyanandarajah will remain on Nordic Bioscience's board until the next ordinary general meeting.Additionally, Chair Hakan Bjorklund will step down from the board, with Christiansen set to succeed him as chair.Shares of KKR were up nearly 3% in Thursday trading.Price: $109.48, Change: $+3.05, Percent Change: +2.87%

$KKR

Sectors11d ago

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks were advancing late Wednesday afternoon, with the NYSE Financial Index adding 1% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.9%.The Philadelphia Housing Index increased 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.7%.Bitcoin (BTC-USD) was declining 0.2% to $77,230, and the yield on 10-year US Treasuries was steady at 4.796%.In economic news, ADP's monthly measure of private payrolls showed a 38,000 rise in August, below a 47,000 gain expected in a Bloomberg survey, following a 46,000 increase in July.New orders for US factory goods rose by 0.9% in July, above expectations for a 0.7% increase in a survey compiled by Bloomberg and following a 0.2% decrease in June.In corporate news, Capital One Financial (COF) was pressed by Democratic Senator Maggie Hassan for details about an internal anti-money laundering review that the bank said last month had led to the closure of accounts tied to President Donald Trump and his businesses, Reuters reported Wednesday, citing a letter sent by the senator to Capital One CEO Richard Fairbank Tuesday. Capital One shares were up 2.8%.KKR (KKR) has agreed to buy residential garage door repair and replacement company A1 Garage Door Service for about $2 billion, Reuters reported. KKR shares rose 0.9%.TPG (TPG) has filed a confidential application to list hospital assets worth nearly $8 billion in Malaysia, The Wall Street Journal reported. TPG shares added 0.4%.Citigroup's (C) Citibank NA London Branch has been fined about 4.7 million British pounds ($6.3 million) under the UK's Russia sanctions regime, Britain's Office of Financial Sanctions Implementation said. Citi shares were up 1.4%.

$C$COF$KKR$TPG

Sectors11d ago

Sector Update: Financial Stocks Rise Wednesday Afternoon

Financial stocks were advancing Wednesday afternoon, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding about 0.8%.The Philadelphia Housing Index was climbing up 1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.7%.Bitcoin (BTC-USD) was declining 0.4% to $77,105, and the yield for 10-year US Treasuries was slightly lower at 4.792%.In economic news, ADP's monthly measure of private payrolls showed a 38,000 rise in August, below a 47,000 gain expected in a Bloomberg survey, following a 46,000 increase in July.New orders for US factory goods rose by 0.9% in July, above expectations for a 0.7% increase in a survey compiled by Bloomberg and following a 0.2% decrease in June.In corporate news, KKR (KKR) has agreed to buy residential garage door repair and replacement company A1 Garage Door Service for about $2 billion, Reuters reported. Shares rose 0.6%.TPG (TPG) has filed a confidential application to list hospital assets worth nearly $8 billion in Malaysia, The Wall Street Journal reported. TPG shares added 0.6%.Citigroup's (C) Citibank NA London Branch has been fined about 4.7 million British pounds ($6.3 million) under the UK's Russia sanctions regime, Britain's Office of Financial Sanctions Implementation said. Citi shares were up 0.8%.

$C$KKR$TPG

Sectors11d ago

Sector Update: Financial

Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 0.8%.The Philadelphia Housing Index was climbing 1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.7%.Bitcoin (BTC-USD) was declining 0.4% to $77,105, and the yield for 10-year US Treasuries was slightly lower at 4.792%.In corporate news, KKR (KKR) has agreed to buy residential garage door repair and replacement company A1 Garage Door Service for about $2 billion, Reuters reported. Phoenix, Arizona-based A1 Garage was founded in 2007 and operates in around 20 states, the report said. KKR shares rose 0.4%.

$KKR

Sectors13d ago

Sector Update: Financial Stocks Fall Late Afternoon

Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding about 0.6%.The Philadelphia Housing Index was falling 1.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) decreased 0.6%.Bitcoin (BTC-USD) was increasing 1.8% to $79,059, and the yield for 10-year US Treasuries rose 3.8 basis points to 4.758%.In corporate news, Aon (AON) has agreed to buy insurance brokerage USI Insurance Services from KKR (KKR) and other shareholders in an all-cash deal worth roughly $17 billion. Aon shares fell past 9%, and KKR rose 1.5%.Apollo Global Management-managed (APO) funds have agreed to sell cooling systems company Kelvion to SLB (SLB) for $3.4 billion in cash, with SLB assuming about $700 million of debt as well, the companies said Monday. Apollo shares added 1.4%.BlackRock (BLK) and Mitsubishi UFJ Financial Group (MUFG) are teaming up to develop a framework to finance deals in Japan with private credit, Bloomberg reported. BlackRock shares were down 1%, and Mitsubishi UFJ was shedding 0.6%.UBS (UBS) can meet 50% of its new capital requirements with debt, Bloomberg reported Monday, citing a recommendation from the upper house of the Swiss parliament's Economic Affairs and Taxation Committee. Shares were up 1.5%.

$AON$APO$BLK$KKR$MUFG$UBS

Sectors13d ago

Sector Update: Financial Stocks Softer Monday Afternoon

Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.7%.The Philadelphia Housing Index was falling 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 1.3%.Bitcoin (BTC-USD) was increasing 1.2% to $78,638, and the yield for 10-year US Treasuries was rising 4 basis points to 4.76%.In corporate news, Aon (AON) has agreed to buy insurance brokerage USI Insurance Services from KKR (KKR) and other shareholders in an all-cash deal worth roughly $17 billion, as the professional services firm aims to boost its presence in the US middle-market insurance segment. Aon shares were down 8%, and KKR rose 1.7%.Apollo Global Management-managed (APO) funds have agreed to sell cooling systems company Kelvion to SLB (SLB) for $3.4 billion in cash, with SLB assuming about $700 million of debt as well, the companies said Monday. Apollo shares added 1.5%.BlackRock (BLK) and Mitsubishi UFJ Financial Group (MUFG) are teaming up to develop a framework to finance deals in Japan with private credit, Bloomberg reported. BlackRock shares were down 0.7%, and Mitsubishi UFJ was shedding 0.5%.

$AON$APO$BLK$KKR$MUFG

Asia Markets13d ago

Update: US Equity Indexes Fall While Benchmark Treasury Yield Jumps With Crude Oil as Iran Hostilities Resume

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes declined as investors weighed renewed Washington-Tehran military escalation amid higher crude oil prices and a march up in the 10-year government bond yield to the highest in about a month.The Nasdaq Composite fell 0.4% to 26,309.5, the S&P 500 retreated 0.4% to 7,677.6, and the Dow Jones Industrial Average slid 0.7% to 53,208.3 after midday Monday. All sectors, except energy, declined. Communication services led decliners, followed by utilities, industrials, and real estate.Iran and the US traded attacks for the first time in over a month overnight into Monday, CNN reported. Iran said it attacked US bases in Jordan and US military targets at the Al Minhad airbase in the United Arab Emirates after US forces bombed two rocket launchers on Iran's Larak Island, according to a report from Al Jazeera, a Middle Eastern broadcaster.The US military struck the two launchers that a US official said were attempting to deploy mines into the Strait of Hormuz, Reuters reported. The United Arab Emirates condemned the Iranian drone attack on Monday as a "dangerous escalation" and a flagrant violation of its sovereignty, the news report said.President Donald Trump said the US will respond to an Iranian attack on US forces overnight in Jordan, Fox News reported. US air defenses intercepted all but one Iranian missile, which was allowed through because it was not expected to hit anything of consequence, the report said, citing the president.The front-month US West Texas Intermediate crude oil contract advanced 2.7% to $85.62 per barrel, and global benchmark North Sea Brent climbed 4.8% to $90.32 per barrel.In economic news, the Dallas Fed's monthly manufacturing index jumped to 11.6 in August from 1.3 in July, above expectations for 1.6 in a survey compiled by Bloomberg, indicating a faster pace of expansion.Federal Reserve Chair Kevin Warsh's speech Friday was "particularly hawkish, emphasizing that the Fed's 2% inflation target remains the objective but recently, there has been no meaningful movement toward that mark," according to a note from Capital Wealth Planning. Inflation is still above the Fed's target, and Warsh believes that short-term interest rates are the central bank's primary tool to reel it in.The next Fed policy meeting will be in mid-September, with an inflation reading for August to be released beforehand, per the note. Citing the CME's FedWatch tool, the futures market is pricing in one or two rate hikes by the year-end, potentially one in September followed by another in December.US Treasury yields were mixed after midday. The 10-year yield climbed 3.4 basis points to 4.76%, while the two-year was steady at 4.35%. The 30-year yield jumped 4.5 basis points to 5.25%.In company news, Aon (AON) said it has agreed to acquire insurance brokerage USI Insurance Services from KKR (KKR) and other shareholders in an all-cash deal worth roughly $17 billion, as the professional services firm aims to strengthen its presence in the US middle-market insurance segment. Aon shares were down 8%.Eli Lilly (LLY) has agreed to acquire Merida Biosciences for up to $2.875 billion in cash, as it seeks to expand its portfolio of autoimmune and allergic disease therapies, the companies said Monday. Eli Lilly shares were down 1.5%.Tesla (TSLA) is selling a simplified version of Model 3 at a lower price in Hong Kong and Macau than in mainland China, according to media reports and the company's regional websites. Shares jumped 5.2%, the top gainer on the S&P 500 and the Nasdaq.Shares of PG&E (PCG) and Edison International (EIX) were among the decliners, down 18% and 24%, respectively, after the state of California amended legislation to protect wildfire survivors' right to sue utilities for equipment-caused blazes, ABC7 reported Sunday.

Dow JonesNasdaq CompositeS&P 500$AON$EIX$KKR$LLY$PCG$TSLA

Sectors13d ago

Sector Update: Financial

$AON$KKR

Wire13d ago

Nvidia Investing $3.5 Billion in MediaTek, Partners on NVLink Fusion Platform

Nvidia (NVDA) expanded its partnership with chip designer MediaTek, including a $3.5 billion investment, to support adoption of the company's proprietary interconnect technology for custom rack-scale artificial intelligence chips.Under the deal, Nvidia bought $3.5 billion convertible bonds issued by MediaTek, and the Taiwan-based fabless chipmaker will adopt the NVLink Fusion platform, which provides chipmakers with prevalidated connectors and specialized memory to integrate custom AI accelerators directly into Nvidia's rack-scale data center systems."MediaTek is one of the world's great semiconductor companies, with exceptional expertise in system-on-chip design, connectivity, leading performance and power efficiency," Nvidia Chief Executive Jensen Huang said. "Together, we're building platforms that bring Nvidia accelerated computing to new markets and give customers the freedom to create differentiated AI systems at enormous scale.""Nvidia's investment strengthens a collaboration that spans cloud AI infrastructure, local AI computing and automotive in the era of physical AI," MediaTek CEO Rick Tsai said.Last week, Nvidia reported fiscal second-quarter results that more than doubled from a year ago and topped Wall Street expectations, driven by record data center sales. Morgan Stanley said the chipmaking giant offered a surprisingly strong fiscal 2028 revenue outlook, while its gross margin guidance provided clarity amid rising memory costs.Separately, Nvidia announced an expanded partnership with Amazon.com's (AMZN) Amazon Web Services to supply 2 million additional GPUs across AWS infrastructure in 2027 and 2028, and build dedicated 100,000-GPU AI factories for federal security workloads.Earlier in August, Nvidia said it was collaborating with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital to support its AI infrastructure. Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BAM), Goldman Sachs (GS) and KKR (KKR) were part of the partnership.Previously, Nvidia agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative.Nvidia's shares were up 1.1% Monday and have gained 18% this year.Chip designer Marvell Technology (MRVL) reported late last week second-quarter results above Wall Street's estimates amid a surge in data center revenue. B. Riley Securities said the company's fiscal third-quarter gross margin outlook came in a bit soft amid a higher custom product mix.Semiconductor manufacturer Broadcom (AVGO) is scheduled to report its fiscal third-quarter results Wednesday.Price: $220.40, Change: $+2.85, Percent Change: +1.31%

$AMZN$APO$AVGO$BAM$BLK$BX$GS$KKR$MRVL$NVDA

Wire13d ago

Update: Aon to Acquire USI Insurance Services for $17 Billion

(Updates with further transaction details in the third and fourth paragraphs.)Aon (AON) has agreed to acquire USI Insurance Services from KKR (KKR) and other shareholders for $17 billion, according to a Monday statement.The transaction will be funded with new debt that will be raised across a range of maturities. The acquisition is estimated to be accretive to adjusted earnings per share from 2028 and deliver about $395 million in annual run-rate net adjusted EBITDA impact, the company said.The transaction represents roughly six times the original equity that KKR invested in 2017, KKR said.KKR said that the divestment is expected to generate around $3.3 billion of after-tax proceeds and about $2 billion of adjusted net income.Both the boards of Aon and USI have approved the deal, which is set to close in Q4. Aon and USI will continue to operate independently until the closing date.Upon closing, USI Chairman and Chief Executive Mike Sicard will take over as Aon's president.Price: $332.81, Change: $-22.63, Percent Change: -6.37%

$AON$KKR

US Markets13d ago

Aon to Acquire USI Insurance Services From KKR in $17 Billion Deal

Aon (AON) has agreed to acquire insurance brokerage USI Insurance Services from KKR (KKR) and other shareholders in an all-cash deal worth roughly $17 billion, as the professional services firm aims to strengthen its presence in the US middle-market insurance segment.USI provides property and casualty, employee benefits, personal risk and retirement consulting solutions for the middle market. The insurance broker generated about $3 billion in annual revenue and has 10,500 team members across 200 offices in the US, Aon said in a statement Monday.On a net basis, the transaction is valued at $16.7 billion, reflecting around $278 million of certain tax attributes, according to Aon."Combining with USI will establish the premier US middle-market platform, deepen our context advantage and position Aon to accelerate organic growth," Aon Chief Executive Greg Case said in a statement. "USI will substantially enhance our middle-market footprint and expand access for our firm in the (excess and surplus) segment to deliver content, capabilities and expertise to a broader client base."Aon estimates the transaction to be accretive to adjusted earnings on a per-share basis starting 2028.KKR separated estimated the sale to generate about $2 billion, or $2 per share, in adjusted net income. The private equity giant made its first investment in USI in 2017."USI has continued to innovate and extend its leadership position, and we believe Aon is the ideal long-term partner to support the next chapter of its growth," according to KKR Partner Chris Harrington.The USI deal, which requires approval from regulators, is expected to complete in the fourth quarter, according to Aon and KKR.Following completion, USI CEO Mike Sicard will serve as president of Aon and global CEO of its middle market. "Joining Aon represents a truly energizing next chapter for our firm and an opportunity to accelerate our momentum as part of the Aon United platform," according to Sicard.Aon's shares were down 5.8% in Monday trade, while KKR's rose 1.7%.Earlier this month, KKR, alongside Dragoneer Investment Group and insurance distributor Amwins, agreed to acquire Australian insurance broker Steadfast Group in a deal worth around 7.7 billion Australian dollars ($5.51 billion).In 2024, Aon acquired middle market property and casualty broker NFP in a deal with an enterprise value of $13 billion.

$AON$KKR

Commodities13d ago

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday as US, Iran Exchange Attacks

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.3%, and the actively traded Invesco QQQ Trust (QQQ) retreated 0.2% in Monday's premarket activity as the US and Iran exchanged attacks after almost a month's lull.US stock futures were also lower, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures retreating 0.1% before the start of regular trading.The Dallas Fed manufacturing survey for August will be released at 10:30 am ET.In premarket activity, bitcoin was down by 1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% higher, Ether ETF (EETH) advanced 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) rose 4.8%Power Play:EnergyThe iShares US Energy ETF (IYE) was up 1.5%, while the State Street Energy Select Sector SPDR ETF (XLE) gained 1.8%.PG&E (PCG) stock was more than 18% lower following multiple analyst downgrades.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.5%, the iShares US Technology ETF (IYW) was 0.4% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 0.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was up 0.1%, while the iShares Semiconductor ETF (SOXX) rose by 0.01%.Science Applications International (SAIC) stock was up 12% after the company reported higher fiscal Q2 revenue and raised its fiscal 2027 outlook.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.2%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated 0.1%, and the iShares US Consumer Staples ETF (IYK) was 0.03% higher. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.1%.GameStop (GME) shares were up more than 3% pre-bell after the company said it expects higher Q2 net income. The company also said that it agreed to amend several agreements with existing holders to exchange and cancel about $1.4 billion in 0% convertible senior notes due 2030 and 2032.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.2% higher.Aon (AON) stock was down 2% after it agreed to acquire insurance brokerage USI Insurance Services from KKR (KKR) and other shareholders in an all-cash deal worth roughly $17 billion. KKR shares were 1.2% higher.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) slipped 0.1%. The iShares Biotechnology ETF (IBB) was 0.6% lower.Alpha Tau Medical (DRTS) stock was down 1% premarket following a 1.2% decline in the prior session. The company said Monday it has completed patient enrollment in a study evaluating intratumoral Alpha DaRT combined with first-line chemotherapy in newly diagnosed, inoperable locally advanced or metastatic pancreatic adenocarcinoma.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.6%, the Vanguard Industrials Index Fund (VIS) was down 1.1%, and the iShares US Industrials ETF (IYJ) was inactive.SpaceX (SPCX) stock was nearly 1% lower premarket. NASA said Saturday the space agency and SpaceX are delaying their launch date for the Crew-13 manned mission to the International Space Station in order to address an oxidizer leak on the propulsion system of the Dragon spacecraft.CommoditiesFront-month US West Texas Intermediate crude oil rose by 3.5% to $86.31 per barrel on the New York Mercantile Exchange. Natural gas was down 0.7% at $2.87 per 1 million British Thermal Units. The United States Oil Fund (USO) advanced 2.9%, while the United States Natural Gas Fund (UNG) was 0.1% lower.Gold futures for November were down by 0.9% at $4,488.70 an ounce on the Comex. Silver futures retreated 0.5% to $67.42 an ounce. SPDR Gold Shares (GLD) decreased 0.5%, and the iShares Silver Trust (SLV) was 0.3% higher.

Dow JonesNasdaq CompositeS&P 500$AON$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$GME$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$KKR$PCG$PMR$QQQ$RTH$SAIC$SLV$SOXX$SPCX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Sectors13d ago

Sector Update: Financial Stocks Lean Lower Pre-Bell Monday

Financial stocks were leaning lower pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.4%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.3% higher.HDFC Bank (HDB) Chief Executive and Managing Director Sashidhar Jagdishan will retire Oct. 26, the company said. HDFC Bank stock was down more than 1% premarket.Aon (AON) has agreed to acquire USI Insurance Services from KKR (KKR) and other shareholders for $17 billion, according to a statement. Aon shares were down more than 2% pre-bell.US Bancorp (USB) said it is expanding its business banking operations into Florida, Georgia, Texas and Arizona, adding bankers to serve businesses with annual sales of $2.5 million to $50 million. US Bancorp stock was 0.9% lower premarket.

$AON$FAS$FAZ$HDB$KKR$USB$XLF

Sectors17d ago

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index shedding 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.7%.The Philadelphia Housing Index was falling 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.Bitcoin (BTC-USD) was rising 2% to $80,007, and the yield for 10-year US Treasuries was one basis point higher at 4.67%.In economic news, the advance international trade in goods deficit widened to $118.81 billion in July from $101.41 billion in June, according to data released by the US Census Bureau. This was a wider gap than the $100.5 billion deficit expected in a survey compiled by Bloomberg.US initial jobless claims fell to 203,000 in the week ended Aug. 22 from an upwardly revised 207,000 in the previous week, in contrast with expectations for an increase to 208,000 in a survey of analysts compiled by Bloomberg.In corporate news, Bank of America (BAC), UBS (UBS), and UniCredit are working with private aviation firm Vista Global on a potential initial public offering in Europe that could raise over $1 billion, Bloomberg reported. Bank of America shares were down 1.5%, and UBS was shedding 0.3%.JPMorgan Chase (JPM), Bank of America, Goldman Sachs (GS) and Morgan Stanley (MS) are clashing over pending changes to the Federal Reserve's capital surcharge on global systemically important banks, or GSIB, Reuters reported. The Federal Reserve proposed changes to the surcharge in March, including revised policies on short-term wholesale funding, to make the levy more risk-sensitive, the report said. Sources said JPMorgan and Bank of America argued that the proposal would benefit rivals Morgan Stanley and Goldman Sachs, Reuters reported. JPMorgan shares were down 0.7%, Goldman shed 0.2%, and Morgan Stanley advanced 0.3%.Enbridge (ENB) has entered into a definitive agreement with KKR (KKR) to form a joint venture that will invest about $2.7 billion Canadian dollars ($1.94 billion) to fund the expansion of the Aspen Point and Sunrise programs on the Westcoast natural gas pipeline system, the company said Thursday. Separately, KKR has agreed to settle for $250 million a US Department of Justice lawsuit accusing the firm of repeatedly violating federal pre-merger filing rules, the regulator said Wednesday. KKR shares rose 0.7%.Toronto-Dominion Bank (TD) shares climbed 1.6% after the company reported higher fiscal Q3 adjusted earnings and revenue.

$BAC$GS$JPM$KKR$MS$TD$UBS

Sectors17d ago

Sector Update: Financial Stocks Decrease Thursday Afternoon

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.4%.The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.Bitcoin (BTC-USD) was rising 2% to $80,568, and the yield for 10-year US Treasuries was steady at 4.664%.In economic news, the advance international trade in goods deficit widened to $118.81 billion in July from $101.41 billion in June, according to data released by the US Census Bureau. This was a wider gap than the $100.5 billion deficit expected in a survey compiled by Bloomberg.US initial jobless claims fell to 203,000 in the week ended Aug. 22 from an upwardly revised 207,000 in the previous week, in contrast with expectations for an increase to 208,000 in a survey of analysts compiled by Bloomberg.In corporate news, JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) are clashing over pending changes to the Federal Reserve's capital surcharge on global systemically important banks, or GSIB, Reuters reported. The Federal Reserve proposed changes to the surcharge in March, including revised policies on short-term wholesale funding, to make the levy more risk-sensitive, the report said. Sources said JPMorgan and Bank of America argued that the proposal would benefit rivals Morgan Stanley and Goldman Sachs, Reuters reported. JPMorgan shares were down 0.4%, Bank of America shed 1%, Goldman rose 0.1%, and Morgan Stanley advanced 0.4%.Enbridge (ENB) has entered into a definitive agreement with KKR (KKR) to form a joint venture that will invest about $2.7 billion Canadian dollars ($1.94 billion) to fund the expansion of the Aspen Point and Sunrise programs on the Westcoast natural gas pipeline system, the company said Thursday. Separately, KKR has agreed to settle for $250 million a US Department of Justice lawsuit accusing the firm of repeatedly violating federal pre-merger filing rules, the regulator said Wednesday. KKR shares rose 1%.Toronto-Dominion Bank (TD) shares were up 1% after the company reported higher fiscal Q3 adjusted earnings and revenue.

$BAC$GS$JPM$KKR$MS$TD

Showing 1-20 of 159