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The Bank of England could discuss lowering interest rates at its policy meeting on Thursday, according to multiple media reports. A gloomy economic U.K. backdrop “could prompt at least one policymaker to push for a cut in borrowing costs to shore up stalling growth,” a Guardian report said. The central bank has asked banks to prepare for the possibility of a rate cut in a sign that it may be preparing for the U.K. voting to leave the European Union, a Times of London report said. Overall expectations are that the BOE on Thursday will keep its benchmark rate at a record low of 0.50%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Nyquist, the undefeated three-year-old colt who was a champion 2-year-old, won the 142nd Kentucky Derby Saturday, extending his unbeaten string to eight races and rewarding his many backers who had staked him as the 2-1 favorite. Nyquist, who entered the Derby with the biggest bankroll in the race’s history at $3.3 million, picked up the winner’s share of the $2 million purse. He paid $6.60 to win. Nyquist is owned by Reddam Racing LLC, trained by Doug O’Neill and was ridden Saturday by Mario Gutierrez. Exaggerator, the Santa Anita Derby winner, ran second and Gun Runner, winner of the Louisiana Derby came in third.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Nant Health LLC late Friday filed for an initial public offering to raise up to $92 million in capital, according to a filing with the Securities and Exchange Commission. Culver City, Calif.-based Nant uses computer models to personalize treatment decisions for patients with critical illnesses. In 2015, the company booked a net loss of $72 million on revenue of $58.3 million. Jefferies and Cowen & Co are serving as joint book-running managers. The company plans to trade on the Nasdaq under the ticker symbol “NH”.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Berkshire Hathaway Inc. said Friday its operating earnings reached $3.7 billion in the first quarter, down from $4.2 billion in the year-ago period. The conglomerate led by legendary investor Warren Buffett reported net earnings of $5.6 billion, from $5.2 billion a year ago. Operating earnings per Class A share reached $2,275 in the quarter, down from $2,583 a year ago. Analysts polled by FactSet had expected operating earnings per Class A share of $2,609. The Class A shares were flat late Friday after ending the regular trading session down 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

U.S. stocks bounced back from earlier weakness to close higher on Friday but logged their second straight week of losses. Main indexes were pressured after data showed that the economy added only 160,000 new jobs in April while the unemployment rate remained flat at 5%. Economists polled by MarketWatch had expected a gain of 203,000. However, the market shrugged off the disappointing data as investors focused on the possibility that the Federal Reserve may refrain from raising interest rates in the near future.
S&P 500 rose 7 points, or 0.3%, to close at 2,057 while the Dow Jones Industrial Average added 80 points, or 0.5%, to finish at 17,740 and the Nasdaq gained 19 points, or 0.4%, to close at 4,736.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News