News
Important Only
US STOCKS-Wall St mixed ahead of Fed verdict as doubts grow over 2026 cuts
Indexes: Dow up 0.49%, S&P 500 up 0.11%, Nasdaq down 0.20%Fed rate decision expected at 2 p.m. ET GE Vernova surges after bullish 2026 revenue forecastOracle, Broadcom results awaited this weekBy Johann M Cherian and Pranav Kashyap Dec 10 (Reuters) - Wall Street's main indexes were mixed ...Reuters
Wed, Dec 10
PREVIEW: Oracle shares edge lower as investors eye cloud business in quarterly results
Shares of Oracle ORCL.N edged down 0.5% at $220.43 on Wednesday ahead of its quartely earnings report due after markets close with investors anticipating strong growth amid demand for its cloud servicesORCL has emerged as one of the bigger providers of the rented computing power essential for genera...Reuters
Wed, Dec 10
PREVIEW: Adobe seen reporting increase in Q4 EPS, rev
Shares in Adobe ADBE.O were edging slightly lower on Wednesday ahead of its fiscal Q4 financial report due out after the market close Wall Street sees the software company reporting adj EPS of $5.39 vs $4.81 in year-ago quarter on rev of $6.11 bln vs $5.61 bln year-ago, according to LSEG dataADBE...Reuters
Wed, Dec 10
Mizuho Securities raises PT on CVS Health to $95
Mizuho Securities raises PT on U.S. health solutions company CVS Health CVS.N to $95 from $88 New PT represents a 21.4% upside to the stock's last closeBrokerage cites better retail earnings outlook and ongoing margin recovery at co's insurance unitOn Tuesday, CVS raised its long‑term earni...Reuters
Wed, Dec 10
Morgan Stanley names T-Mobile 'top pick' among U.S. telecom stocks
Morgan Stanley says T-Mobile TMUS.O is its top pick in the U.S. wireless industry; maintains "overweight" rating on stock Brokerage expects TMUS to continue gaining market share "thanks to the strongest brand, largest mid-band spectrum position, and a track record of customer satisfactio...Reuters
Wed, Dec 10
Dropbox CFO Timothy Regan to step down
Dec 10 (Reuters) - File hosting service provider Dropbox DBX.O said on Wednesday its chief financial officer Timothy Regan will step down after five years in the role and will be succeeded by Ross Tennenbaum, a senior executive at tax software company Avalara.The company's shares fell more than ...Reuters
Wed, Dec 10
US crude stocks fall, fuel inventories rise on robust refining, EIA says
By Liz HamptonHOUSTON, Dec 10 - U.S. crude inventories fell, while gasoline and distillates stockpiles rose last week amid strong refining activity, the Energy Information Administration said on Wednesday.Crude inventories fell by 1.8 million barrels to 425.7 million barrels in the week ended Decemb...Reuters
Wed, Dec 10
U.S. STOCKS ON THE MOVE-PepsiCo, Pearson, Ally Financial
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes were little changed on Wednesday, ahead of a closely watched Federal Reserve decision widely expected to deliver a rate cut, even as concerns grew over the ext...Reuters
Wed, Dec 10
GE Vernova hits record high on bullish 2026 revenue outlook, buyback boost
By Yagnoseni Das Dec 10 (Reuters) - Shares of GE Vernova GEV.N surged to a record high on Wednesday after the power-equipment maker forecast higher revenue for 2026 and raised its buyback program by $4 billion.Surging electricity demand from artificial intelligence and other data-heavy industries...Reuters
Wed, Dec 10
LIVE MARKETS-Fed day data duet: Employment costs, mortgages
Dow up; S&P 500, Nasdaq downCons disc lead sector gainers; tech lagsFed expected to cut rates on WedSTOXX 600 off ~0.05%Crude, dollar, gold, bitcoin all downUS 10-year Treasury yields ease to 4.17%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can ...Reuters
Wed, Dec 10
Top Calls on Wall Street: Nvidia, Amazon, PepsiCo, Roblox, GE Vernova, Micron Technology & More
Here are the biggest calls on Wall Street on Wednesday:Stephens initiates LKQ at OverweightStephens says the online auto parts store is a “deep value stock.”“We are initiating coverage of LKQ with an Overweight rating, $39 PT.”JPMorgan upgrades PepsiCo to Overweight from NeutralJPMorgan says the sto...Tiger News
Wed, Dec 10
CANADA STOCKS-TSX steady after BoC holds rates; all eyes on Fed decision
By Avinash P Dec 10 (Reuters) - Canada's main stock index was flat on Wednesday, with gains in real estate and financials, after the Bank of Canada held interest rates as expected, while attention shifted to the U.S. Federal Reserve's decision later in the day.Canada's benchmark inde...Reuters
Wed, Dec 10
Dave & Buster's shares gain as investors bet on turnaround plan
Shares of Dave & Buster's jump 17% to $20.98 after Q3 resultsJ.P. Morgan says the co's management "appeared confident in making steady, albeit slow, progress ahead as it executes against the back-to-basics plan"Piper Sandler says "in both October and November, same-store sale...Reuters
Wed, Dec 10
Gold miners drop as bullion prices weaken ahead of Fed decision
Shares of gold miners fall, tracking a decline in bullion prices GOL/Spot gold XAU= down 0.4% at $4,191.66/ounceGold prices slip as investors booked profits ahead of the U.S. Federal Reserve's interest rate decision and Chair Jerome Powell's remarks later in the dayTop miner Newmont NEM.N do...Reuters
Wed, Dec 10
Street View: AutoZone set for bumpy ride on higher inventory expenses
Auto parts retailer AutoZone AZO.N on Tuesday posted first-quarter profit and sales below Wall Street's estimates Shares fall nearly 2.6% to about $3,406.7WEAK Q1 RESULTS AND TARIFF-RELATED COSTS Mizuho says higher operating costs at 10.4% and $98 mln of Last-In, First-Out (LIFO) invent...Reuters
Wed, Dec 10
Coupang slips as CEO resigns over data breach
Shares of South Korean e-commerce platform Coupang CPNG.N fall 4% to a seven-month low of $25.86 CEO Park Dae-jun resigns, taking responsibility for a massive data leak in November that affected more than 33 million customers *Shares down about 14% since the breach was first reportedHarold Roger...Reuters
Wed, Dec 10
Silver miners drop as investors eye Fed rate decision
Shares of silver miners dip, tracking prices of the white metal GOL/Spot silver XAG= fell 0.2% to $60.56/ounce, after hitting an all-time high of $61.61 earlier in the sessionPrices hover below record high levels as investors book profits ahead of the U.S. Federal Reserve's interest rate decisio...Reuters
Wed, Dec 10
LIVE MARKETS-Stocks mixed, tech weakens before expected Fed rate cut
Dow, S&P 500 up, Nasdaq down Industrials lead sector gainers; tech lagsFed expected to cut rates on WedCrude, dollar, gold, bitcoin all downUS 10-year Treasury yields ease to 4.17%STOXX 600 up 0.05%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can...Reuters
Wed, Dec 10
US STOCKS-Wall St muted ahead of Fed verdict as doubts grow over 2026 cuts
Indexes: Dow up 0.06%, S&P 500 flat, Nasdaq down 0.18%Fed rate decision expected at 2 p.m. ET GE Vernova rises after bullish 2026 revenue forecastOracle, Broadcom results awaited this weekBy Johann M Cherian and Pranav Kashyap Dec 10 (Reuters) - Wall Street's main indexes were little ...Reuters
Wed, Dec 10
