Financial News · Live Terminal

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SL Green Realty Q1 FFO Falls, Revenue Rises; Shares Drop After Hours

SL Green Realty (SLG) reported Q1 funds from operations Wednesday of $0.84 per diluted share, down from $1.40 a year earlier.Analysts polled by FactSet expected $1.08.Revenue in the three months ended March 31 rose to $253.1 million from $239.8 million a year earlier.Analysts surveyed by FactSet expected $160.6 million.The company reaffirmed its 2026 FFO outlook of $4.40 to $4.70 a share.Analysts polled by FactSet expect $4.61.SL Green shares fell 4.4% in after-hours trading.

$SLG

Australia24d ago

Market Chatter: Live Nation Illegally Monopolized Ticketing Market, Jury Says

Live Nation Entertainment (LYV) illegally monopolized the live-events ticketing and amphitheater markets, a New York federal jury found, Bloomberg reported Wednesday.The jury also concluded that Live Nation and its Ticketmaster unit illegally tied access to company-owned venues to the use of its concert-promotion services, the report said.The company's conduct caused concertgoers to overpay by $1.72 per ticket, the jury said, according to the report.US District Judge Arun Subramanian will review the findings to determine the financial damages and any additional remedies, the report said.Live Nation did not immediately respond to a request for comment from.Live Nation shares fell 0.5% in after-hours trading after dropping 6.3% in the regular session.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$LYV

Australia24d ago

Earnings Flash (JBHT) J.B. Hunt Transport Services Posts Q1 EPS $1.49, vs. FactSet Est of $1.45

Price: $224.22, Change: $-5.40, Percent Change: -2.35%

$JBHT

Australia24d ago

Lincoln Educational Services Enters Amended, Restated Credit Facility

Lincoln Educational Services (LINC) said Wednesday it has entered into an amended and restated revolving credit facility, providing $65 million of additional available liquidity.The amendment boosts the aggregate principal amount to $125 million from $60 million, with a $10 million letter of credit sublimit and a $25 million accordion feature, the company said.The credit facility has a term of five years and matures on April 11, 2031, the company added.Price: $40.04, Change: $+0.20, Percent Change: +0.50%

$LINC

Australia24d ago

Top Cryptocurrencies Rise; Bitcoin Tops $75,000 Level

Major digital assets rose Wednesday, with Bitcoin (BTC-USD) rising above the $75,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.7% in the past 24 hours. The Nasdaq 100 rose 1.4%, the S&P 500 increased 0.7%, and the Dow Jones Industrial Average fell 0.1%.Bitcoin rose 1.2% to $75,116, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume decreased 36.7% to $38.1 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, climbed 2.7% to $2,373.XRP (XRP-USD) gained 3%, BNB (BNB-USD) rose 2%, and Solana (SOL-USD) increased 1.7%. Dogecoin (DOGE-USD) added 3.9%, while Cardano (ADA-USD) advanced 3.8%.The US 10-year Treasury yield stood at 4.278% at 3 p.m. ET Wednesday, up from 4.256% Tuesday, while the five-year yield rose to 3.894% from 3.871%.The total market value of the cryptocurrency industry rose 1% in the past 24 hours to $2.53 trillion, with trading volume gaining 1.6% to $154.23 billion.Price: $75094.74, Change: $+919.51, Percent Change: +1.24%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Australia24d ago

Sector Update: Financial

Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index shedding 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index was falling 2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was decreasing 0.1%.Bitcoin (BTC-USD) was rising 1.5% to $75,233, and the yield for 10-year US Treasuries increased 2.5 basis points to 4.28%In corporate news, Morgan Stanley (MS) plans to raise $10 billion in one of the largest bond sales by a Wall Street bank, following its Q1 results, Bloomberg reported. Morgan Stanley posted stronger-than-expected Q1 results as sharp gains in investment banking and trading activity helped boost revenue to a record. Its shares climbed past 4%.

$MS

Australia24d ago

Sun Life Extends Partnership With Kansas City Royals

Sun Life (SLF) said Wednesday it renewed its partnership with the Kansas City Royals through 2030.The partnership enables Sun Life to build on previous community programming and fundraising to support local non-profits in Kansas City, according to a statement.Under the new agreement, Sun Life and the Royals will collaborate with non-profit TeamSmile that works with sports teams and universities to set up dental clinics for kids from underserved communities, according to the company.Price: $68.25, Change: $+1.12, Percent Change: +1.67%

$SLF

Australia24d ago

Liberty Formula One Set for Solid Q1 as Sponsorship Momentum, Margins Improve, UBS Says

Liberty Formula One (FWONK) is positioned for another year of growth as sponsorship momentum continues, margins improve and the revised race calendar is absorbed with limited impact to most revenue lines, UBS Securities said Tuesday in a report.UBS expects Q1 results to reflect that backdrop, with revenue forecast at $590 million and operating income before depreciation and amortization at $147 million, supported by strong sponsorship demand, favorable race timing and an extra event versus last year.Race-promotion revenue is likely to see the biggest effect from the revised calendar, while media-rights revenue should remain intact due to minimum distribution requirements, and most sponsorship contracts should also face limited pressure, UBS saidEarly pricing for the Las Vegas Grand Prix appears similar to last year, a positive early indicator, while MotoGP monetization remains in its early stages, with new promoter deals expected to have a larger impact starting in 2027, the report said.Q1 results are due May 6.UBS reduced its price target on Liberty stock to $104 from $107 and maintained its neutral rating.Price: $90.34, Change: $-0.43, Percent Change: -0.47%

$FWONK

Australia24d ago

Poet Technologies Clarifies PFIC Status

Poet Technologies (POET) said Wednesday it will make information available to US shareholders to make a qualified electing fund, or QEF, election regarding its passive foreign investment company, or PFIC, status for fiscal 2025.US shareholders who timely make a QEF election for fiscal 2025 are expected not to have current US federal income inclusions for the year. Accordingly, such an election is not expected to result in negative US tax consequences for 2025, based on the company's disclosure.The company's board also approved plans to redomicile the company in the US. The move, if completed, would eliminate the possibility of Poet being classified as a PFIC in future years, according to the statement.Shares of Poet were 2.3% higher in Wednesday afternoon trading.Price: $6.87, Change: $+0.16, Percent Change: +2.37%

$POET

Australia24d ago

Market Chatter: White House Holds No Opinion on Reports of Proposed Merger Between United, American Airlines

The White House has no opinion on reports that United Airlines (UAL) is considering a merger with American Airlines (AAL), press secretary Karoline Leavitt said Wednesday, according to a Reuters report.Leavitt told reporters that the idea has been proposed by the industry, but is not something the president of the White House have an opinion on, Reuters said.In late February, United's chief executive officer Scott Kirby proposed the merger between the two carriers in a meeting with President Donald Trump, the news outlet said, citing two sources.United, American did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $95.25, Change: $-1.92, Percent Change: -1.97%

$AAL$UAL

Australia24d ago

Union Bankshares Keeps Quarterly Dividend at $0.36 a Share, Payable on May 7 to Shareholders of Record on April 27

Price: $24.21, Change: $+0.15, Percent Change: +0.60%

$UNB

Australia24d ago

Marcus & Millichap Unit Reports Brokering Student Housing Portfolio Sale

Institutional Property Advisors, a division of Marcus & Millichap (MMI), said Wednesday it helped broker the sale of Axiom Westwood, a student housing portfolio, for $62.6 million.The 153-unit student housing is adjacent to the University of California, Los Angeles, in the city's Westwood neighborhood, the company said.Price: $27.05, Change: $+0.03, Percent Change: +0.10%

$MMI

Australia24d ago

SunPower Shares Fall After 2025 Revenue Cut

SunPower (SPWR) shares fell more than 3% on Wednesday, a day after the company trimmed its 2025 revenue to $300 million in its audited Form 10-K from $308.8 million as per earlier quarterly reports.The company adjusted its 2025 gross profit to $129.2 million compared with $149.8 million reported earlier.Also, the company said it plans to restate its Q1 through Q3 quarterly reports to match them with the reference 10-K results.Price: $1.20, Change: $-0.03, Percent Change: -2.85%

$SPWR

Australia24d ago

Newmont Shares Fall After Operations Halt in Australian Site Due to Earthquake

Newmont (NEM) shares fell 4.4% in afternoon trading on Wednesday after the company said it halted underground operations at its Cadia site in New South Wales, Australia, due to an earthquake on Tuesday evening.All personnel were accounted for, and there were no reported injuries, the company said.Price: $114.06, Change: $-5.24, Percent Change: -4.40%

$NEM

Australia24d ago

Citigroup Q1 Results Rank Top Among Peers, Keep Markets Interested Through Investor Day, UBS Says

Citigroup (C) Q1 results are the "best among peers so far" and keep the markets interested through Investor Day, UBS Securities in a note emailed Wednesday.Noting Citigroup's better-than-expected results, UBS said that the Services segment "continues to wear its crown well," with Treasury & Trade Solutions being the driver. The Markets segment beat consensus, aided by Fixed Income, Currencies & Commodities business coming largely in line and Equities business beating Wall Street estimates by 21%, according to the note.UBS further said that Citigroup repurchased $6.3 billion of shares versus the Wall Street estimate of $4.4 billion in Q1 and that the company will buy back more this year, versus last year.UBS maintained its neutral rating on the company with a $132 price target.Price: $131.48, Change: $+1.90, Percent Change: +1.47%

Australia24d ago

Alector Shares Rise After Cantor Fitzgerald Upgrade

Alector (ALEC) shares rose more than 6% in Wednesday trading after Cantor Fitzgerald upgraded the stock to overweight from neutral.Trading volume stood at over 379,000 shares compared with a daily average of about 822,000.Price: $2.56, Change: $+0.15, Percent Change: +6.22%

$ALEC

Australia24d ago

Market Chatter: Alphabet Set for Windfall From SpaceX Investment

Alphabet (GOOG, GOOGL) is poised for a 12-figure windfall from its early investment in SpaceX, Bloomberg reported Wednesday, citing a filing.At the end of 2025, Google LLC owned a 6.11% stake in SpaceX, the report said, citing a SpaceX filing in Alaska. At a $2 trillion valuation, which SpaceX hopes to top in its initial public offering, the holding would be worth $122 billion, the report said.Alphabet didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $333.17, Change: $+2.59, Percent Change: +0.78%

$GOOG$GOOGL

Australia24d ago

Cloudflare Shares Rise After Piper Sandler Upgrade

Cloudflare (NET) shares rose more than 6% in Wednesday trading after Piper Sandler upgraded the stock to overweight from neutral with a price target of $222 per share.Trading volume stood at nearly 3.7 million shares compared with a daily average of close to 5.2 million.Price: $189.91, Change: $+11.26, Percent Change: +6.30%

$NET

Australia24d ago

Update: Eos Energy Enterprises Shares Rise After Entering Into Collaboration to Build AI Data Center Power Infrastructure

(Updates with recent stock movement in headline and first paragraph.)Eos Energy Enterprises (EOSE) shares rose 13% in afternoon trading on Wednesday after the company and Turbine-X Energy said they signed a joint development agreement to build power infrastructure for artificial intelligence data centers.Financial details weren't provided.The project combines gas-fired electricity generation with zinc-based battery storage to provide on-site energy for high-demand computing facilities, the companies said.The collaboration targets the installation of up to 2 gigawatt-hours of battery capacity over the next three years, with initial deployments scheduled for 2027, they added.Price: $7.10, Change: $+0.78, Percent Change: +12.34%

$EOSE

Australia24d ago

Market Chatter: Morgan Stanley Set to Raise $10 Billion in Bond Sale

Morgan Stanley (MS) plans to raise $10 billion in one of the largest bond sales by a Wall Street bank, following its Q1 results, Bloomberg reported Wednesday, citing a person familiar with the matter.The bank's four-part offering has maturities ranging from 4 to 11 years, the report said. The longest tenured security is set to yield 1.02 percentage points above Treasuries, compared with initial discussions of about 1.25 percentage points, the person told the media outlet.Proceeds will be used for general corporate purposes, according to the report.Morgan Stanley did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $191.71, Change: $+8.37, Percent Change: +4.57%

$MS

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