(RTTNews) - First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 9th, according to a report released by the Labor Department on Thursday.
(RTTNews) - First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 9th, according to a report released by the Labor Department on Thursday.
Seer ( SEER ) shares are up 7.4% in premarket trading on Thursday. Investors Bradley Radoff and Michael Torok raised their offer to acquire the life-sciences tools maker to $2.40 per share in cash plus a contingent value right tied to future asset sales. This is the third revised proposal, representing a 42% premium to Seer’s unaffected share price of April 10. It follows an earlier April bid of $...
Seer ( SEER ) shares are up 7.4% in premarket trading on Thursday. Investors Bradley Radoff and Michael Torok raised their offer to acquire the life-sciences tools maker to $2.40 per share in cash plus a contingent value right tied to future asset sales. This is the third revised proposal, representing a 42% premium to Seer’s unaffected share price of April 10. It follows an earlier April bid of $2.35 per share in cash plus a CVR linked to asset sale proceeds. The investor group, which said it owns about 7.8% of Seer, criticized the company’s operating performance and urged the board to engage on the proposal after a prior offer was rejected. More on Seer Seer, Inc. (SEER) Q1 2026 Earnings Call Transcript Seer, Inc. 2025 Q4 - Results - Earnings Call Presentation Seer, Inc. (SEER) Q4 2025 Earnings Call Transcript Seer reaffirms $16M-$18M 2026 revenue guidance amid new patent suit and commercial leadership hire Seer GAAP EPS of -$0.30 misses by $0.01, revenue of $2.8M misses by $0.8M
Abstract Aerial Art U.S. export prices increased 3.3% M/M in April, outpacing the +1.1% consensus and the 1.5% increase (revised from +1.6%) in March , according to data released by the Bureau of Labor Statistics on Thursday. Higher prices for fuel imports and nonfuel imports drove the advance last month. Import prices, meanwhile, rose 1.9% M/M in April vs. +1.0% consensus and +0.9% prior (revised...
Abstract Aerial Art U.S. export prices increased 3.3% M/M in April, outpacing the +1.1% consensus and the 1.5% increase (revised from +1.6%) in March , according to data released by the Bureau of Labor Statistics on Thursday. Higher prices for fuel imports and nonfuel imports drove the advance last month. Import prices, meanwhile, rose 1.9% M/M in April vs. +1.0% consensus and +0.9% prior (revised from +0.8%). Notably, import prices for fuels and lubricants surged 16.3% in April following an advance of 10.0% in March, as the war in the Middle East sent energy prices soaring. That's the largest monthly advance since the index rose 17.8% in March 2022. Prices for nonfuel imports rose a mere 0.8% in April after March's 0.2% gain. On a Y/Y basis, prices for U.S. imports jumped 4.2% in April, marking the largest advance since the index increased 4.2% for the year ended October 2022, the BLS said . More on the U.S. Economy Treasury Premium Climbs Again, Fueled By Sticky Inflation U.S. Dollar Threatening To Break Higher The Euro And Sterling Are Threatening To Break Lower, While A Record Current Account Surplus Does Not Prevent The Yen From Challenging Intervention Levels Fed may need to revive rate-hike risk - Yardeni What to know about Kevin Warsh, the newly confirmed Fed Chair
Inna Kot Initial jobless claims for the week ended May 9 increased by 12K to 211K, vs. 208K consensus and 199K prior (revised from 200K), according to data released by the U.S. Department of Labor on Thursday. The four-week moving average was 203,750, an increase of 750 from the prior week's revised average of 203,000 (revised from 203,250). Continuing claims for the week ended May 2 stood at 1.78...
Inna Kot Initial jobless claims for the week ended May 9 increased by 12K to 211K, vs. 208K consensus and 199K prior (revised from 200K), according to data released by the U.S. Department of Labor on Thursday. The four-week moving average was 203,750, an increase of 750 from the prior week's revised average of 203,000 (revised from 203,250). Continuing claims for the week ended May 2 stood at 1.782M vs. 1.790M consensus and 1.758M prior (revised from 1.766M). The advance seasonally adjusted insured unemployment rate for the week ended May 2 was 1.2%, an increase of 0.1% from the previous week's revised rate of 1.1% (revised from 1.2%). For the week ended May 9, the advance number of actual initial claims under state programs, unadjusted, totaled 190,571, up 5.7% week-over-week. More on Jobs & Employment AI job fears expose deeper cracks in the U.S. economy, Kathryn Edwards says - BBG ZipRecruiter's Q1 earnings call signals U.S. hiring still stuck in low gear U.S. Misery Index climbs to 3-year high as inflation and unemployment rise
Investors interested in decentralized finance (DeFi) often focus on the blockchains that power it, such as Ethereum , Solana , and Hyperliquid . But there's another blockchain network that arguably plays an even more important role. Chainlink (CRYPTO: LINK) is a blockchain oracle network that provides real-world data to blockchains. The smart contracts and applications built on blockchains like Et...
Investors interested in decentralized finance (DeFi) often focus on the blockchains that power it, such as Ethereum , Solana , and Hyperliquid . But there's another blockchain network that arguably plays an even more important role. Chainlink (CRYPTO: LINK) is a blockchain oracle network that provides real-world data to blockchains. The smart contracts and applications built on blockchains like Ethereum can't access this data on their own. They need an oracle -- and Chainlink is by far the most successful. Let's see if that makes it worth buying. Image source: Getty Images. Continue reading
seaonweb/iStock via Getty Images The three major telecommunication providers are joining forces to end dead zones and improve connectivity in unserved and underserved communities by creating the “best and most diverse ecosystem for wireless and satellite services.” AT&T ( T ), Verizon ( VZ ), and T-Mobile ( TMUS ) have an agreement in principle to form a new joint venture and pool spectrum resourc...
seaonweb/iStock via Getty Images The three major telecommunication providers are joining forces to end dead zones and improve connectivity in unserved and underserved communities by creating the “best and most diverse ecosystem for wireless and satellite services.” AT&T ( T ), Verizon ( VZ ), and T-Mobile ( TMUS ) have an agreement in principle to form a new joint venture and pool spectrum resources to increase capacity and help satellite providers reach more customers through a unified platform. Through this collaboration, AT&T ( T ), Verizon ( VZ ), and T-Mobile ( TMUS ) aim to reduce coverage gaps, improve the performance of the entire network, while at the same time enhance competition as consumer choices in satellite services increases. Additionally, a unified approach will provide “a better and more consistent customer experience.” The partnership allows for existing carrier-satellite agreements to remain in place and the joint venture partners can continue connectivity efforts independently. Source: Press release More on AT&T, Verizon, etc. T-Mobile US, Inc. (TMUS) Presents at MoffettNathanson's Media, Internet & Communications Conference Transcript Verizon Communications Inc. (VZ) Presents at MoffettNathanson's Media, Internet & Communications Conference Transcript Wall Street Lunch: Does AT&T's History Help Ease AI Capex Fears? AT&T continues downward run, marks seven-session losing streak Insider trades: Intel, Bank of America, and Pinterest among notable names
Alistair Berg U.S. retail sales increased 0.5% M/M to $757.1B in April, matching the +0.5% consensus and moderating from the +1.6% surge in March (revised from +1.7%), according to data released by the U.S. Census Bureau on Thursday. The headline print increased 4.9% from April 2025, accelerating from 4.2% Y/Y growth in March (revised from +4.0%). Total sales for the February 2026 through April 20...
Alistair Berg U.S. retail sales increased 0.5% M/M to $757.1B in April, matching the +0.5% consensus and moderating from the +1.6% surge in March (revised from +1.7%), according to data released by the U.S. Census Bureau on Thursday. The headline print increased 4.9% from April 2025, accelerating from 4.2% Y/Y growth in March (revised from +4.0%). Total sales for the February 2026 through April 2026 period increased 4.4% from a year ago. Core retail sales (excluding motor vehicles and parts) rose +0.7% M/M vs. +0.7% consensus and +1.9% prior. Retail sales, excluding gas and autos, advanced 0.5%, a tick higher than the +0.4% consensus and slowing from the +0.7% increase in March, which was revised from +0.6%. Retail sales trade grew 0.5% from March and 5.2% from a year ago. Nonstore retailers' sales increased 11.1% Y/Y, while food services and drinking places' sales rose 2.7% from the same month a year ago, the Census Bureau said. Gasoline stations again led the increases, with sales up 20.9% Y/Y. Other categories exhibiting strength include sporting goods, hobby, musical instrument, & book stores (+13.4%); miscellaneous store retailers (+12.8%); and electronics & appliance stores (+7.6%). Weaker segments included furniture & home furnishing stores (-3.6%), autos and other motor vehicles (-1.4%), and department stores (-1.2%). Developing… Check back for updates. More on the US Economy Hot April Core CPI Print Driven By Rents U.S. Dollar Threatening To Break Higher Producer Price Index surges past expectations in April amid Iran war oil shock
Here are Thursday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS raised its price target on Nvidia ahead of earnings to $275 per share from $245. "We see F1Q (Apr) revenue in the ~$81B range (suggesting a ~$3B beat vs $78B midpoint) with revenue guidance at least as good as investor bogeys in the ~$90-91B range." Read more. Bank of America reiterates Amazon as buy The firm said A...
Here are Thursday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS raised its price target on Nvidia ahead of earnings to $275 per share from $245. "We see F1Q (Apr) revenue in the ~$81B range (suggesting a ~$3B beat vs $78B midpoint) with revenue guidance at least as good as investor bogeys in the ~$90-91B range." Read more. Bank of America reiterates Amazon as buy The firm said Alexa for Shopping is an "advantage" for Amazon. "Amazon announced Alexa for Shopping, a unified assistant that combines Rufus' product knowledge with Alexa+'s more personalized, contextual user understanding. Alexa for Shopping will replace Rufus on the core Amazon shopping app and website, and is designed to enable more relevant recommendations by using information shared with Alexa+." Evercore ISI reiterates Apple as outperform Evercore raised its price target on the stock to $365 per share from $330. "We see a path for AAPL to compound EPS/FCF at low/midteens pace even if iPhone units were to grow modestly given durable Services growth and ASP tailwinds from a shift towards premium models." Goldman Sachs downgrades Whirlpool to neutral from buy Goldman said it sees too many negative catalysts. "We are downgrading WHR to Neutral from Buy, as we look for ongoing industry and macro pressures to weigh on results. UBS upgrades Commercial Metals to buy from neutral UBS said the entry point is compelling. "We upgrade CMC to Buy from Neutral & raise our PT to $89 (from $79) following ~40% YTD underperformance vs peers, creating attractive entry as key downside risks to US rebar pricing have eased." Stephens initiates Academy Sports as overweight Stephens said the sporting goods store is firing on all cylinders. "We are initiating coverage of Academy Sports and Outdoors (ASO) with an OW rating, $78 PT." New Street initiates RocketLab as buy The firm said investors should buy the dip in the space company. "Today's valuation implies Rocket Lab captures < 1% of the space economy. Fo...
(RTTNews) - Economic announcements and Fed Speeches might be on focus on Thursday. Investors are analyzing the US-China summit in Beijing and the reflections on the Middle East conflict.
(RTTNews) - Economic announcements and Fed Speeches might be on focus on Thursday. Investors are analyzing the US-China summit in Beijing and the reflections on the Middle East conflict.
Duke of Sussex says legitimate concerns over situation in Middle East should not lead to hostility toward Jewish community in UK Prince Harry has described rising antisemitism in Britain as “deeply troubling”, saying that while people were entitled to feel anger over events in the Middle East, there could be no justification for hostility towards individuals or faith communities. The Duke of Susse...
Duke of Sussex says legitimate concerns over situation in Middle East should not lead to hostility toward Jewish community in UK Prince Harry has described rising antisemitism in Britain as “deeply troubling”, saying that while people were entitled to feel anger over events in the Middle East, there could be no justification for hostility towards individuals or faith communities. The Duke of Sussex appeared to make a veiled criticism of the Israeli government, while stressing that legitimate protest should never tip into hatred. Continue reading...
Futures At New Record High On Tech, Tehran, Trade, Taiwan And Tariffs US futures are higher as we await color on the Trump-Xi summit and US- Iran negotiations, which are said to be ongoing, and as the tech meltup continues. What is known so far is that Trump / Xi agree that Iran cannot have a nuclear weapon, Hormuz should reopen without a toll or militarization; the countries will look to increase...
Futures At New Record High On Tech, Tehran, Trade, Taiwan And Tariffs US futures are higher as we await color on the Trump-Xi summit and US- Iran negotiations, which are said to be ongoing, and as the tech meltup continues. What is known so far is that Trump / Xi agree that Iran cannot have a nuclear weapon, Hormuz should reopen without a toll or militarization; the countries will look to increase investment in each other as NVDA H20 chips are approved for a set of Chinese companies. In short, markets are higher on what BBG calls the 4 Ts: Tehran, Trade, Taiwan and Tariffs, to which we can also add Tech. As of 8:00am ET, S&P futures are up 0.3% while Nasdaq futures rise 0.2%. In pre-market trading, Cisco soared 16% after the company reported results that beat expectations and raised its full-year forecast as it laid off thousands to fund capex. Mag7 stocks are higher led by NVDA again; semis are mostly lower despite KOSPI adding 1.7%, while Cyclicals are seeing a bid. Cyclicals, esp Consumer Disc and Fins, would be among the biggest beneficiaries of a reopening of SoH (oil down, yield curve bull steepens, lower inflation expectations). Bond yields are flat to down 1bp, the USD is flat, and commodities are mostly lower. Energy commodities are still rallying but Metals are weaker dragged by the PGMs as Ags come for sale. Today’s macro data focus is on Retail Sales and Jobless Data. In premarket trading, Magnificent Seven are mostly higher: Nvidia (NVDA) is up 1.5% as the semiconductor giant’s CEO Jensen Huang joined President Donald Trump on his visit to China. Huang told reporters in Beijing that “the meetings went excellent.” (Tesla +1%, Apple +0.4%, Microsoft +0.2%, Meta Platforms +0.1%, Amazon -0.1%, Alphabet -0.2%) Canada Goose (GOOS) rises 5% after the parka and other apparel maker reported revenue for the fourth quarter that easily beat even the most bullish analyst projection. The stock is down 18% YTD through Wednesday’s close. Cisco Systems (CSCO) soars 15% ...