News
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US Stocks Rally After Fed Cuts Interest Rates. Netflix Falls 4%; Palantir Jumps 3%; Micron Rises 4.5%; EchoStar Soars 11%; GE Vernova Surges 16%
Wall Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point as expected and investors bet on further easing down the road even as the central bank signaled that it will put further cuts on pause for now.Tiger News
Thu, Dec 11
RPT-ROI-Global central bank easing cycle is over: McGeever
By Jamie McGeever ORLANDO, Florida, Dec 10 (Reuters) - The global interest rate landscape is suddenly looking a lot less benign than it did only a few weeks ago, suggesting 2026 could be much more volatile than investors had bargained for.Comments this week from Reserve Bank of Australia Governor...Reuters
Thu, Dec 11
Australia's Abacus Storage King rises; Citi views company as potential takeover target
*Shares of Abacus Storage King ASK.AX rise as much as 3.7% to A$1.55 in early trade, their highest point since November 26Citi views Abacus as an attractive target for a takeover and sees risk to the upside on a potential merger and acquisitionPublic Storage-led PSA.N consortium in August abandoned ...Reuters
Thu, Dec 11
ASX-listed Telix rises on Varian tie-up to pair theranostic drugs with radiation therapy
ASX-listed shares of Telix Pharmaceuticals TLX.AX advance as much as 4.29% to A$14.6, their biggest intraday pct gain since December 4The drugmaker inks a clinical collaboration with U.S.-based Varian to explore new applications combining its theranostic products with external beam radiation therapy...Reuters
Wed, Dec 10
Oracle forecasts miss Wall Street targets while spending rises, shares slide 10%
Oracle's cloud revenue growth may be coolingOracle's adjusted profit boosted by $2.7 billion Ampere saleOracle's future contracts rise 14.94% to $523 billionShares fall 10% in extended tradingBy Juby Babu and Stephen Nellis Dec 10 (Reuters) - Oracle ORCL.N forecast sales and profit th...Reuters
Wed, Dec 10
GLOBAL MARKETS -Stocks rise, yields and dollar fall after Fed cuts interest rates
Fed lowers rates, signals pause and one 2026 cutUS stocks end higher after Fed decision, Powell commentsDollar, yields fallBy Caroline Valetkevitch NEW YORK, Dec 10 (Reuters) - Major stock indexes jumped while U.S. Treasury yields declined on Wednesday after the Federal Reserve cut interest rates...Reuters
Wed, Dec 10
Stewart Information slips after launching stock offering
Real estate services company Stewart Information Services' STC.N shares fall 2.6% to $71.88 in extended tradingSTC kicks off public offering of 1.9 million shares Goldman Sachs is lead book-running manager for offering, while Citizens Capital Markets is book-running manager Proceeds will be used...Reuters
Wed, Dec 10
T1 Energy slides after unveiling planned $260 million capital raise
Solar company T1 Energy's TE.N shares slide 10.6% to $5.50 in extended tradingTE announces proposed public offerings of $120 million of convertible bonds due 2030 and $140 million worth of sharesSantander and J.P. Morgan are joint bookrunning managers for the offeringsProceeds will be used to be...Reuters
Wed, Dec 10
Nordson forecasts 2026 profit above estimates on demand for dispensing, inspection equipment
Dec 10 - Dispensing equipment maker Nordson NDSN.O forecast 2026 profit above Wall Street's estimates on Wednesday, banking on increasing demand for its advanced technology products.The Westlake, Ohio-based company expects FY26 adjusted profit to be between $10.80 and $11.50 per share, the mid-p...Reuters
Wed, Dec 10
Synopsys tops revenue estimates on strong demand for chip design tools
Dec 10 (Reuters) - Chip design software provider Synopsys SNPS.O beat analysts estimates for fourth-quarter revenue on Wednesday, driven by strong demand for its chip design tools, sending its shares up 5% in extended trading.Synopsys, whose software is used by semiconductor firms to design and veri...Reuters
Wed, Dec 10
Synopsys climbs after forecasting quarterly profit above estimates
Shares of semiconductor software design firm Synopsys SNPS.O rise 2.5% to $488.5 after hoursCo forecasts Q1 2026 adj EPS between $3.52 and $3.58, above analysts' estimates of $3.32, according to data compiled by LSEGReports quarterly revenue of $2.25 bln, compared to $1.63 bln last yearUp to se...Reuters
Wed, Dec 10
TRADING DAY-Market gives Fed resounding cheer
By Jamie McGeever ORLANDO, Florida, Dec 10 (Reuters) - The dollar sank and Wall Street rallied on Wednesday, with the small-cap Russell 2000 index surging to new highs, after the Fed cut interest rates and Chair Jerome Powell offered a positive outlook on the path for growth and inflation. More o...Reuters
Wed, Dec 10
US STOCKS-Wall Street indexes rally after Fed cuts interest rates
Indexes close higher: Dow 1.05%, S&P 500 0.67%, Nasdaq x 0.33%Federal Reserve cuts rates by 25 basis points, cites labor weakness GE Vernova surges after bullish 2026 revenue forecastBy Sinéad Carew and Johann M Cherian Dec 10 (Reuters) - Wall Street ended higher on Wednesday, after the Fede...Reuters
Wed, Dec 10
Oracle falls after second-quarter revenue misses estimates
AI cloud firm Oracle's ORCL.N shares fall 6.5% to $208.49 after bellCo misses quarterly revenue estimates, a sign that corporate spending on its cloud services may be cooling amid broader concerns of a bubble in the artificial intelligence marketReports Q2 total revenue of $16.06 billion compare...Reuters
Wed, Dec 10
GRI Bio jumps as experimental lung drug shows promise in mid-stage trial
Shares of drug developer GRI Bio GRI.O rise 18% to $1.43 in after-hours tradingCo says its experimental drug, GRI-0621, showed promising results in a mid-stage clinical trial for idiopathic pulmonary fibrosis IPF is a chronic lung disease with limited treatment options, co saysNearly 40% of treated ...Reuters
Wed, Dec 10
Australian shares set to open higher, NZ up
Dec 11 (Reuters) - Australian shares were poised to open higher on Thursday, with probable gains in local mining, gold and energy stocks supported by rising commodity prices, while investors assessed the U.S. Federal Reserve's latest rate cut and awaited the local jobs data due later in the day....Reuters
Wed, Dec 10
CANADA STOCKS-TSX posts record closing high after central bank rate decisions
TSX ends up 0.8% at 31,490.85Eclipses last Thursday's record closing highBoC leaves policy rate on hold at 2.25%Financials add 1.1%, tech gains 1.6%By Fergal Smith TORONTO, Dec 10 (Reuters) - Canada's main stock index rose to a record high on Wednesday, helped by gains for financial a...Reuters
Wed, Dec 10
Apparel firm Oxford Industries' Q3 revenue slightly beats expectations
OverviewApparel company's fiscal Q3 revenue slightly beat analyst expectationsAdjusted loss per share for fiscal Q3 comes in better than analyst expectationsCompany's GAAP EPS loss includes $61 mln noncash impairment charges related to Johnny WasOutlookOxford Industries revises fiscal 2025 n...Reuters
Wed, Dec 10
Oracle reports higher quarterly remaining performance obligations
Dec 10 (Reuters) - Oracle ORCL.N on Wednesday reported higher remaining performance obligations for the second quarter, driven by robust demand for its cloud infrastructure services as businesses race to adopt artificial intelligence.The company reported remaining performance obligations of $523 bil...Reuters
Wed, Dec 10
LIVE MARKETS-Stocks jump, S&P 500 just misses all-time closing high after Fed rate cut
All three major U.S. indexes gain, Dow out frontIndustrials lead sector gainers; cons staples, utilities close redCrude, gold gain; dollar, bitcoin dipUS 10-year Treasury yields slip to 4.15%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your...Reuters
Wed, Dec 10
