News
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Apple gains as sales, profit beat estimates
Shares of Apple AAPL.O up 2.5% at $264.84 in extended tradingIPhone revenue rose to $85.27 bln in the fiscal first quarter, well above estimates of $78.65 bln - LSEGDecember-quarter revenue of $143.8 bln, up 16% from a year earlier, topping analysts' average estimate of $138.48 blnEPS came in at...Reuters
Thu, Jan 29
CANADA STOCKS-TSX closes down recovering some of the losses of the day as Wall Street tech losses spill over, mining stocks retreat
TSX closes down 0.48%Tech and metals leads declinesVizsla Silver drops by 16% after abduction of its 10 minersBy Utkarsh Hathi Jan 29 (Reuters) - Canada's main stock index closed down by 0.48%, recovering its losses of the day, as drag in Wall Street technology shares spilled over into To...Reuters
Thu, Jan 29
Apple sales, profit beat Wall Street estimates amid 'staggering' iPhone demand
Strong iPhone demand boosts Apple's quarterly revenue and profitApple's China sales surge 38%, driven by iPhone 17 demandWearables segment misses expectations due to AirPods Pro 3 supply constraintsBy Stephen Nellis Jan 29 (Reuters) - Apple AAPL.O beat Wall Street estimates for quarterly ...Reuters
Thu, Jan 29
Deckers Outdoor jumps after raising annual sales, profit forecast
Shares of Hoka running shoes maker Deckers Outdoor DECK.N up about 15% at $114.54 in extended tradingCo raises annual sales, profit forecasts on strong demand and higher full-price sales Sees annual sales in the range of $5.40 billion to $5.42 billion, compared with the previous projection of $5.35 ...Reuters
Thu, Jan 29
Microsoft plunges, Meta rallies as investors demand AI payoffs
Microsoft faces pressure over AI spending and OpenAI concentration riskMeta's AI investments boost revenue and ad targetingTesla plans to double spending on AI and autonomous vehiclesMeta gains 10%, Microsoft drops a similar amountBy Aditya Soni and Deborah Mary Sophia Jan 29 (Reuters) - Big ...Reuters
Thu, Jan 29
Pro-Dex Q2 net sales rise 11%
OverviewMedical device maker's fiscal Q2 net sales rose 11% yr/yr to $18.7 mlnNet income for fiscal Q2 increased to $2.2 mln from $2.0 mln yr/yrCompany plans acquisition of local machine shop to enhance capacityOutlookPro-Dex expects to complete acquisition of local machine shop soonAcquisition ...Reuters
Thu, Jan 29
US STOCKS-S&P 500, Nasdaq close down as Big Tech's soaring AI budgets trigger flight
Gainers include Meta, IBM, SouthWest, Lockheed Microsoft slumps in software industry sell offTesla drop after quarterly resultsCaterpillar advances on reporting higher Q4 profitBy Sinéad Carew and Pranav Kashyap Jan 29 (Reuters) - Wall Street's main indexes finished lower on Thursday with...Reuters
Thu, Jan 29
Quince Therapeutics drops after co's drug fails to meet main goal in late-stage trial
Shares of drug developer Quince Therapeutics QNCX.O down shares down 91.7% at 24 cents in afternoon tradingCompany says its experimental drug did not meet primary and secondary goal of a late-stage study in patients with rare, inherited neurodegenerative disorderAtaxia‑telangiectasia is a rare, inhe...Reuters
Thu, Jan 29
US shale producers Coterra, Devon in advanced talks to merge, source says
Jan 29 (Reuters) - U.S. shale producers Coterra Energy CTRA.N and Devon Energy DVN.N could announce an agreement to merge as soon as next week, a source familiar with the matter said on Thursday.A possible combination would rank among the largest between U.S. energy producers in recent years.Bot...Reuters
Thu, Jan 29
Deals of the day-Mergers and acquisitions
Jan 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 20:45 GMT on Thursday:*Coterra Energy CTRA.N and Devon Energy DVN.N could announce an agreement to merge as soon as next week, in what would be the largest oil and gas deal in the U.S. shale industry in almos...Reuters
Thu, Jan 29
EMERGING MARKETS-Latam FX edges higher buoyed by commodities strength; geopolitics in focus
Chile's peso leads Latam FX higher, tracking higher copper pricesBrazil's real slightly up after cenbank leaves rates steady Geopolitics in focus after US threatens attack on IranBy Purvi Agarwal and Johann M Cherian Jan 29 (Reuters) - Most currencies of resources-rich Latin American econ...Reuters
Thu, Jan 29
GLOBAL MARKETS-Stocks decline as Microsoft drops, oil jumps on Iran attack worry
Microsoft tumbles after earnings, weighing on stocksApple results awaitedOil jumps on US-Iran tensionsGold pulls back after hitting recordBy Chuck Mikolajczak NEW YORK, Jan 29 (Reuters) - Global shares fell on Thursday and were on pace to snap a six-session streak of gains, weighed down by a plun...Reuters
Thu, Jan 29
Adidas achieves record sales in 2025, plans $1.2 billon share buyback
To buy back up to 1 billion euros of shares in 2026Q4 sales up 1.9% at 6.076 billionFrankfurt-listed Adidas shares up 2.4% Jan 29 (Reuters) - Adidas ADSGn.DE on Thursday said it would launch a share buyback of up to 1 billion euros ($1.2 billion) on the back of record 2025 sales that the German s...Reuters
Thu, Jan 29
US STOCKS-Wall Street indexes see red as Big Tech's soaring AI budgets trigger flight
Indexes down: Dow 0.11%, S&P 500 0.52%, Nasdaq 1.25%Gainers include Meta, IBM, SouthWest, Lockheed Microsoft drags most in software industry sell offTesla drop after quarterly resultsCaterpillar advances on reporting higher Q4 profitBy Sinéad Carew and Pranav Kashyap Jan 29 (Reuters) - Wa...Reuters
Thu, Jan 29
York Space valued at $4.75 billion in NYSE debut on Pentagon spending bets
York Space raises $629 million in upsized IPOMilitary spending boosts investor interest in space sectorCompany's stock may see volatility on government spending news, analyst saidBy Prakhar Srivastava and Utkarsh Shetti Jan 29 (Reuters) - York Space Systems YSS.N clinched a valuation of $4.75...Reuters
Thu, Jan 29
U.S. STOCKS ON THE MOVE-Lockheed Martin, ManpowerGroup, Parker-Hannifin
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes slid to over one-week lows on Thursday, as another wave of hefty AI‑related spending announcements by mega‑cap tech companies rattled investors. .N At 13:...Reuters
Thu, Jan 29
PREVIEW: American Express Q4 earnings expected to climb
American Express AXP.N shares up 0.4% to $358.34 ahead of Q4 earnings due before the opening bell on FridayThe payments company is expected to report a 10% increase in revenue to $18.92 bln with adj EPS of $3.54, per LSEG data, vs yr-ago adj. EPS of $3.04 AXP has met or beaten EPS in seven of past ...Reuters
Thu, Jan 29
PREVIEW: Apple gains as investors eye iPhone sales, AI
Apple AAPL.O shares edging up 0.2% on Thurs ahead of qtrly results due after the bell, with focus on iPhone demand and its partnership with Google on AI featuresThe iPhone maker is expected to report qtrly rev up 11% to $138.48 bln and adj EPS of $2.67, from $2.40 a yr ago, per LSEGStock has fallen ...Reuters
Thu, Jan 29
PREVIEW: Verizon seen posting year-on-year EPS drop of 4.2%
By Stephen Culp NEW YORK, Jan 29 (Reuters) - Shares of Verizon Communications VZ.N up 1.2% on Thurs in advance of its qtrly results due before the bell on FriAnalysts expect telecom firm to report Q4 adj EPS of $1.05, down 4.2% y/y, on rev of $36.06 bln vs $35.68 bln in Q4 2024, based on LSEG dat...Reuters
Thu, Jan 29
European fourth-quarter corporate profits expected to fall 3.9%
Jan 29 (Reuters) - The outlook for European corporate health has slightly improved, the latest forecasts showed on Thursday, as trade tensions take a backseat and investors focus on the dollar's weakness and the earnings season.European firms are expected to report a 3.9% drop in 2025 fourth-qua...Reuters
Thu, Jan 29
