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US activists' demands push up stock prices but maybe not for long, Lazard report says

Demands by U.S. activist investors can send a target company's stock surging, and new data from investment bank Lazard show that these corporate nudges generate considerable market index-beating gains in the days after demands are announced. But the gains are not always long-lasting, according to a report by Lazard. "Activism drives median share price outperformance of 200 basis points in the five days following campaign launches," Lazard wrote in its annual review of shareholder activism, which was released to clients on Wednesday.

Stock market today: Dow, S&P 500 edge higher with Trump tariffs, jobs report in focus

Investors absorbed a report that President-elect Donald Trump is considering declaring a national economic emergency to pave the way for proposed tariffs.

Stocks have a mixed day on news Trump might declare an 'economic emergency'

The stock market had mixed results on Wednesday.

Edison International stock plummets as wildfires leave 70,000 Southern Californians without power

Edison International stock fell nearly 13% Wednesday after the company shut off power to tens of thousands of customers in Southern California as wildfires blazed through the region.

GE HealthCare Stock Gains After Jefferies Analysts Name It 'Franchise Pick'

GE HealthCare Technologies shares gained Wednesday after Jefferies analysts called the stock a “franchise pick” and made a bullish case for the company’s diagnostic imaging business.

Trump Policy Jitters Spur Record $26 Billion Bond Flurry in Emerging Markets

(Bloomberg) -- Emerging market governments have notched up the busiest start to a year for bond sales on record, scrambling to lock in funds before US President-elect Donald Trump takes office.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Can States Hit the Brakes on Runaway Roadbuilding?

Rigetti, IonQ stocks plunge after Nvidia CEO says 'useful' quantum computing is decades away

Rigetti Computing, IonQ, and other quantum stocks plunged after Nvidia CEO Jensen Huang told Wall Street analysts that “very useful quantum computers” are likely 20 years away.

Moderna stock forfeits gains as first US bird flu death puts vaccine development in focus

The first human bird flu death in the US has Moderna's vaccine development in focus for investors this week.

Treasury forced to intervene in market turmoil

The Treasury has been forced to intervene to stabilise financial markets amid growing concern over the impact of Rachel Reeves’s Budget and a surge in borrowing costs.

AMD Stock Slumps After Double Downgrade by HSBC on AI Revenue Concerns

Advanced Micro Devices shares fell Wednesday after HSBC analysts gave the stock a double downgrade, citing concerns about its artificial intelligence revenue.

Quantum Computing Stocks Sink as Nvidia CEO Says Tech Is 15 to 30 Years Away

Several stocks across the quantum computing industry fell sharply Wednesday after Nvidia CEO Jensen Huang said the technology is likely still years away.

Why Financial Markets Are Losing Hope for a 2025 Fed Rate Cut

The economy has been running hotter than expected lately, raising the possibility that the Federal Reserve will hold interest rates higher for longer, and may not even cut interest rates in 2025 as policymakers had predicted.

Fed minutes show Wall Street pushed back expected end of balance sheet drawdown

Wall Street's biggest banks have pushed back the expected endgame for the Federal Reserve's ongoing efforts to shrink the size of its balance sheet, according to meeting minutes for the Federal Reserve's most recent policy meeting. Banks told the Fed ahead of the December policy meeting that they saw this process ending in June of this year, a little later than what they had told the Fed ahead of the November policy meeting, the minutes of the December Federal Open Market Committee meeting said, recounting a briefing by a New York Fed official responsible for implementing monetary policy. The Fed's most recent meeting, held on Dec. 17-18, saw officials trim their interest rate target range by a quarter percentage point to between 4.25% and 4.5%, cut back expectations of future rate cuts and raise their estimated path for inflation.

Quantum computing stocks are having a rough start to 2025: IonQ, D-Wave, Rigetti tank after Nvidia CEO predicts 20-year horizon

Shares of leading firms nose-dive after Nvidia’s Jensen Huang suggests a generational wait for fully functional quantum tech.

US weekly jobless claims at 11-month low amid labor market stability

WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market, though a slowdown in hiring has led some laid-off workers to experience long bouts of joblessness. Signs of a steadily cooling labor market could allow the Federal Reserve to keep interest rates unchanged in January against the backdrop of still high inflation. Fed Governor Christopher Waller said on Wednesday that he expected further rate cuts, adding that the pace of the reductions "will depend on how much progress we make on inflation, while keeping the labor market from weakening."

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