President Trump doubles down on tariffs, and Paul Ryan voices concern. And the gun policy shift bodes well for consumers and investors. Plus, Rich Guerrini, CEO of PNC Investments, gives his take on markets. Yahoo Finance’s Jen Rogers, Andy Serwer and Myles Udland discuss the top stories of the day.
Shares of XL Group (XL) are soaring after the company agreed to be acquired by French insurance company, AXA, for $15.3 billion. XL Group provides property and casualty commercial insurance, reinsurance and other financial services.
Groupon (GRPN) is having a nice start to its week. Analysts at Morgan Stanley upgraded the stock to Equal-weight from Underweight. Shares are up.
And, on the heels of winning its second Academy Award, shares of Netflix (NFLX) reached an all-time high on Monday. The streaming video giant’s “Icarus” took home the Oscar for “Best Documentary Feature.
Shares of JB Hunt Transport (JB1.TI) are taking a hit today. Concerns are growing over how changes with tariffs and NAFTA could impact the trucking sector.
Qualcomm (QCOM) is taking a hit today after a U.S. security panel asked the company to delay its annual meeting set for tomorrow. The panel wants to give the government more time to review the proposed takeover from Broadcom.
Shares of Brazilian food processing giant BRF (BRFS) plunging into the red after the company’s former CEO was arrested on charges that he and other executives knew the company committed fraud by evading food safety checks.