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First Republic Bank (NYSE: FRC) reported better-than-expected profit for its first financial quarter on Monday. Shares still plunged 30% in extended hours. Why is First Republic stock down? The bank stock is being punished for a massive hit to deposits that tanked 41% sequentially. On the plus side, though, deposits have stabilised in April. Still,… Continue reading First Republic stock tanks 30% on Q1 results: ‘it’s a zombie bank’

Fox Corp (NASDAQ: FOX) just slid into the red following an announcement that Tucker Carlson – its right-wing primetime host is quitting Fox News immediately. Is it related to the Dominion lawsuit? The news arrives only days after the mass media company agreed to pay nearly $800 million to Dominion Voting Systems to settle an… Continue reading Tucker Carlson is quitting Fox News: here’s what we know so far

The Russell 2000 index has been muted in the past few days as investors assess the next Fed action and the ongoing earning season. The index, which tracks the biggest small-cap companies in the US, was trading at $1,800, where it has been in the past few days. This price is ~5.3% above the lowest… Continue reading Russell 2000: Brace for a sell-off – Morgan Stanley, Jeremy Grantham

Shares of Getty Images Holdings Inc (NYSE: GETY) opened about 55% up on Monday after Trillium Capital said it wanted to buy the visual media company. Details of the proposed buyout offer Trillium is willing to pay $10 a share for the Seattle-headquartered firm – a near 100% premium on its previous close. In the… Continue reading Getty Images shares opened 55% up on Monday: here’s why

Coca-Cola Co (NYSE: KO) is trading slightly up this morning after the beverage giant reported market-beating results for its fiscal first quarter. Coca-Cola stock up on future guidance Shares are in the green also because the company reiterated its outlook. Coca-Cola continues to see up to an 8.0% growth in its organic revenue this year… Continue reading Coca-Cola CEO on Q1 earnings: ‘aggregate demand is there’

Sugar prices are set to rise significantly in the next few months as extreme weather affects producers across the globe. An outlook of raw sugar futures shows the price has jumped to highs of 25 cents a pound to hit their highest level in 11 years. Prices are more than 35% up year-to-date and over… Continue reading Sugar prices hit 11-year high as weather impacts producers

Last week, President Gabriel Boric of Chile announced the launch of the country’s new national lithium strategy to usher in the age of electrification and decarbonization, ensure environmental sustainability and ultimately, cement its position as the global leader in the production of silvery-white metal. Primarily, the policy seeks to nationalize Chilean reserves and manage this… Continue reading Lithium stocks rebound strongly as fears around Chile’s nationalization strategy recede

Liontrust (LON: LIO) share price has been in a steep sell-off in the past few months as concerns about the asset manager continued. The shares plunged to a low of 828p on Thursday, which was ~36% below the highest point this year, meaning that it has moved to a bear market. Liontrust and GAM combination… Continue reading Liontrust share price at risk of a ~20% drop as it works to acquire GAM