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BREAKINGVIEWS-Europe's EV rollback risks state backsliding
By Neil Unmack LONDON, Dec 16 (Reuters Breakingviews) - Europe’s backsliding on electric vehicles is a measly Christmas stocking-filler for carmakers. Brussels on Tuesday abandoned plans to make battery rides account for 100% of sales by 2035. Still, the rules are tougher than American ones, mean...Reuters
2 minutes ago
Barclays lifts C.H. Robinson rating to 'overweight', hikes PT
Barclays upgrades global freight forwarder C.H. Robinson CHRW.O to "overweight" from "equal-weight", raise PT to $200 from $145New PT shows an upside of 26.9% from the stock's last closeShares of the company marginally up at $158Brokerage says C.H. Robinson, under CEO Dave Bozema...Reuters
4 minutes ago
Pfizer faces challenging years on fading COVID sales, margin pressure
Pfizer sees $1.5 billion revenue drop from COVID products next yearPfizer's 2026 R&D expenses rise due to antibody development and clinical programsPfizer's 2025 revenue forecast revised to about $62 billionShares drop over 5%By Puyaan Singh and Michael ErmanDec 16 (Reuters) - Pfizer PFE...Reuters
6 minutes ago
Kraft Heinz taps former Kellogg chief as CEO to steer split
Outgoing CEO Abrams-Rivera to serve as advisor until March 6Cahillane to be CEO of sauces and spreads unit after the splitBoard to initiate search for a new head of grocery unit By Aishwarya Venugopal and Jessica DiNapoli Dec 16 (Reuters) - Kraft Heinz KHC.O on Tuesday named former Kellogg chief ...Reuters
8 minutes ago
PetMed surges after Cardone Ventures offers $89 million buyout
Shares of pet pharmacy firm PetMed Express PETS.O rise 30% to $3.73Cardone Ventures, backed by billionaire investor Grant Cardone, has offered to buy PetMed Express for $4.25/share in cash, valuing the company at about $89 mlnThe proposal, which is unsolicited and non-binding, was sent to PetMed'...Reuters
10 minutes ago
GLOBAL MARKETS-Equities fall with US Treasury yields after data, oil sinks
Wall Street dips after US economic dataUS adds jobs in November but unemployment rate risesBoE, ECB and BoJ meet later in the weekBrent futures drop below $60 a barrel for first time in monthsBy Sinéad Carew and Elizabeth Howcroft NEW YORK/ PARIS, Dec 16 (Reuters) - MSCI's global equities gau...Reuters
19 minutes ago
Cannabis stocks rise after Trump considers executive order to reclassify marijuana
U.S.-listed shares of cannabis firms jump in afternoon tradingPresident Donald Trump said on Monday he is considering signing an executive order to reclassify marijuana as a less dangerous drug, though he offered no timeline for the moveShares of Cronos Group CRON.TO, CRON.O, SNDL SNDL.CD, SNDL.O an...Reuters
28 minutes ago
US STOCKS-Wall St slips on losses in healthcare stocks, focus on 'distorted' economic data
Healthcare sector slides; Pfizer's forecast disappointsUS job growth rebounded in November; unemployment rate at 4.6%B. Riley jumps after reporting Q2 profit vs year-ago lossIndexes off: Dow 0.48%, S&P 500 0.48%, Nasdaq 0.28%By Johann M Cherian and Shashwat Chauhan Dec 16 (Reuters) - Wall...Reuters
28 minutes ago
LIVE MARKETS-Data delivery: November jobs, October retail sales, December PMI, September inventories
US equity indexes modestly lower; Dow off mostEnergy weakest S&P 500 sector; Cons disc leads gainersEuro STOXX 600 index off ~0.5%Dollar down; crude falls >2%; gold inches higher; bitcoin up ~1.5%US 10-Year Treasury yield slips to ~4.16%Welcome to the home for real-time coverage of markets br...Reuters
30 minutes ago
PayPal rises after applying to set up US bank
Shares of payments firm PayPal PYPL.O rise 1.81% to $61.84 PYPL on Monday filed applications to establish a U.S. bank with the Utah Department of Financial Institutions and the Federal Deposit Insurance CorporationPYPL CEO Alex Chriss says access to capital remains a key barrier for small businesses...Reuters
32 minutes ago
UK's FTSE 100 ends lower as oil, defence stocks weigh
FTSE 100 down 0.7%; FTSE 250 flat Energy stocks fall on Russia-Ukraine talksUK labour market shows strain, unemployment rises to 5.1%BoE expected to cut interest rates amid economic concerns Dec 16 (Reuters) - London's FTSE 100 closed lower on Tuesday, hurt by losses in energy and defence sto...Reuters
42 minutes ago
Cannabis stocks rise after Trumps considers executive order to reclassify marijuana
U.S.-listed shares of cannabis firms jump President Donald Trump said on Monday he is considering signing an executive order to reclassify marijuana as a less dangerous drug, though he offered no timeline for the moveShares of Canopy Growth WEED.TO, CGC.O, Cronos Group CRON.TO, CRON.O, SNDL SNDL.CD,...Reuters
an hour ago
CANADA STOCKS-TSX falls for third straight session as oil prices tumble
By Avinash P Dec 16 (Reuters) - Canada's main stock index dipped for the third successive session on Tuesday, as heavyweight energy stocks followed oil prices lower.The S&P/TSX Composite index .GSPTSE fell 0.4% to 31,351.47 points as of 10:31 a.m. ET, and was set for its lowest close in ...Reuters
an hour ago
Barclays upgrades Southwest Airlines rating to "overweight"; shares rise
Shares of Southwest Airlines LUV.N rise nearly 2.8% to about $42.90 Barclays upgrades LUV's rating to "overweight" from "equal weight", raises price target to $56 from $34 New PT represents an upside of 34.2% from stock's last close Brokerage expects LUV to benefi...Reuters
2 hours ago
LIVE MARKETS-US stocks fall after data flurry
US equity indexes modestly lowerEnergy weakest S&P 500 sector; Comm Svcs leads gainersEuro STOXX 600 index off ~0.6%Dollar down; crude falls ~3%; gold gains; bitcoin up ~1.5%US 10-Year Treasury yield slips to ~4.16%Welcome to the home for real-time coverage of markets brought to you by Reuters r...Reuters
2 hours ago
U.S. STOCKS ON THE MOVE-ADP, Bunge, Sunrun
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes were little changed in volatile trading on Tuesday as healthcare and energy stocks led losses, while investors assessed a jobs report that signaled a cooling l...Reuters
2 hours ago
US STOCKS-Wall St flat as healthcare losses offset tech gains; focus on jobs data
B. Riley jumps after reporting Q2 profit vs year-ago lossUS job growth rebounded in November; unemployment rate at 4.6%Indexes: Dow down 0.02%, S&P 500 down 0.03%, Nasdaq up 0.15%By Johann M Cherian and Shashwat Chauhan Dec 16 (Reuters) - Wall Street's main indexes were little changed in ...Reuters
2 hours ago
Enphase Energy rises on expanded safe harbour agreement
Shares of solar inverter maker Enphase Energy ENPH.O rise 3.7% to $32.55 after announcing an expanded safe harbour agreement with a solar financing company offering third-party ownership (TPO) agreementsENPH says the agreement is expected to generate almost $55 million in revenue across Q4 2025 and ...Reuters
2 hours ago
Paramount Resources falls after flagging 2025 capex at low end of guidance
Shares of Canadian energy company Paramount Resources POU.TO plunge 2.2% to $24.01 in early tradingCo expects capex to come in at the low end of its guidance range for 2025 and Q4 production-to-date averaging above 45,000 barrels of oil equivalent per day (Boe/d)Co also secures a $250 million delaye...Reuters
2 hours ago
Top Calls on Wall Street: Nvidia, Tesla, Roku, Estee Lauder and More
Here are the biggest calls on Wall Street on Tuesday:Morgan Stanley upgrades Vale to overweight from equal weightThe firm says the metals and mining giant is “undervalued.”“We upgrade Vale to Overweight as shares still undervalued...”Mizuho reiterates Tesla as outperformMizuho raises its price targe...Tiger News
3 hours ago
