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Novo Nordisk trims outlook as obesity drug maker loses ground to Eli Lilly
COPENHAGEN, Nov 5 (Reuters) - Wegovy-maker Novo Nordisk NOVOb.CO trimmed its full-year forecasts on Wednesday as sales growth of its blockbuster obesity drugs slows, leaving investors worried the firm is losing ground to U.S. peer Eli Lilly LLY.N and copycat rivals.
Reuters
Thu, Nov 6
Robinhood profit surpasses expectations as retail traders ride market momentum
Nov 5 (Reuters) - Robinhood Markets HOOD.O topped third-quarter profit estimates on Wednesday as retail traders shrugged off bubble fears, and the online brokerage announced the retirement of its longtime finance chief.
Reuters
Thu, Nov 6
Lyft bets on global expansion, smaller cities focus to drive growth
Nov 5 (Reuters) - Lyft's LYFT.O foray into global markets and smaller U.S. cities will help fuel growth, the ride-hailing firm said on Wednesday, as it forecast upbeat bookings for the all-important holiday travel season.Reuters
Thu, Nov 6
Japan's services sector extends growth in October despite demand slowdown, PMI shows
TOKYO, Nov 6 (Reuters) - Japan's services sector extended its robust growth in October, despite the slowest growth in new orders in 16 months and a resurgence in inflationary pressures, a private-sector survey showed on Thursday.The S&P Global final Japan Services Purchasing Managers' In...Reuters
Thu, Nov 6
Japan's Nikkei climbs as Wall Street rebound restores risk appetite
TOKYO, Nov 6 (Reuters) - Japan's Nikkei share average climbed as much as 2% on Thursday, rebounding from steep losses in the previous session, as a strong overnight finish on Wall Street revived risk appetite and boosted investor sentiment. As of 0012 GMT, the Nikkei .N225 was up 1.6% at 51,025....Reuters
Thu, Nov 6
Stocks climb after upbeat earnings, economic data; Treasury yields jump
NEW YORK, Nov 5 (Reuters) - Major stock indexes gained on Wednesday as corporate earnings and U.S. private payrolls data were stronger than expected, while Treasury yields surged following the day's economic data.Reuters
Thu, Nov 6
Bessent says he is optimistic after Supreme Court hearing on tariffs
WASHINGTON, Nov 5 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he came away from a Supreme Court hearing on the legality of President Donald Trump's sweeping tariffs feeling "very, very optimistic."Reuters
Thu, Nov 6
Figma raises annual revenue forecast on strong design software demand
By Zaheer KachwalaNov 5 (Reuters) - Figma FIG.N raised its annual revenue forecast on Wednesday, banking on the collaborative design software provider's efforts to expand its product line-up and grow its user base.Shares of the company were up around 2.5% in extended trading. In a crowded market...
Reuters
Thu, Nov 6
Qualcomm forecasts solid quarter but smaller Samsung business hits shares
SAN FRANCISCO, Nov 5 (Reuters) - Chip designer Qualcomm QCOM.O on Wednesday forecast quarterly sales and profit above market expectations as premium smartphone sales rebounded, but a possible loss of business next year from Samsung, a key customer, sent its shares down after hours.
Reuters
Thu, Nov 6
Nvidia's Jensen Huang: 'China is going to win the AI race,' FT reports
Nov 5 (Reuters) - Nvidia CEO Jensen Huang has warned that China will beat the United States in the artificial intelligence race, the Financial Times reported on Wednesday."China is going to win the AI race," Huang told the newspaper on the sidelines of the Financial Times' Future of AI S...Reuters
Thu, Nov 6
Beijing lifts some tariffs on US farm goods but soybeans stay costly
China ends retaliatory tariffs on US agricultural products China keeps 10% tariffs on all US goodsChina diversifies soybean imports, cuts US relianceUS soy futures hit June 2024 high on hopes for salesBy Joe Cash, Ella Cao and Ethan Wang BEIJING, Nov 5 (Reuters) - China will suspend retaliatory t...Reuters
Wed, Nov 5
Oil settles down more than 1% at 2-week lows on fears of glut
US crude stocks rise, fuel inventories fall, EIA data showsCanada may scrap oil and gas emissions cap, raising supply concernsRussia suspends fuel exports at Black Sea refineryBy Nicole Jao NEW YORK, Nov 5 (Reuters) - Oil prices fell more than 1% on Wednesday, settling at two-week lows on pressur...Reuters
Wed, Nov 5
Gold rebounds from near 1-week low on bargain-hunting ahead of US jobs data
Gold prices rose on Wednesday, as bargain hunters stepped in after bullion dropped to a near one-week low in the previous session, while focus was also on the U.S. private payroll data for cues on future interest rate cuts.Reuters
Wed, Nov 5
Stocks dip on valuation fears, dip-buyers emerge
Asian stocks recovered some lost ground on Wednesday after a steep selloff as market volatility surged to levels not seen since April following an overnight tech-led selloff on Wall Street heightened concerns over stretched valuations.Reuters
Wed, Nov 5
Silver Price Forecast: XAG/USD moves above $47.50 as safe-haven demand increases
Silver price (XAG/USD) halts its three-day losing streak, trading around $47.60 per troy ounce during the Asian hours on Wednesday. The price of Silver metal gains ground amid increased safe-haven demand, driven by a global selloff in risk assets.
Fxstreet
Wed, Nov 5
Supreme Court weighs legality of tariffs in major test of Trump's power
The U.S. Supreme Court is due on Wednesday to hear arguments over the legality of Donald Trump's sweeping tariffs in a case with implications for the global economy that marks a major test of the Republican president's powers and the willingness of the justices to let him push the limits of his authReuters
Wed, Nov 5
SoftBank Group: With OpenAI Launched JV 'SB OAI Japan', To Market 'Crystal Intelligence' Exclusively In Japan in 2026
Nov 5 (Reuters) - SoftBank Group Corp 9984.T:SOFTBANK GROUP CORP: SOFTBANK GROUP AND OPENAI LAUNCH 'SB OAI JAPAN' JOINT VENTURESOFTBANK GROUP CORP: SB OAI JAPAN IS EXPECTED TO MARKET CRYSTAL INTELLIGENCE EXCLUSIVELY IN JAPAN, WITH AVAILABILITY PLANNED FOR 2026SOFTBANK GROUP CORP: SAM ALTMAN ...Reuters
Wed, Nov 5
