News
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GLOBAL MARKETS-Global shares and dollar higher as markets eye Fed rate cuts
Fed expected to cut rates amid weak economic dataUS dollar index is set to snap nine-session losing streakJapanese stocks lead gains, Nikkei up 2%By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, Dec 4 (Reuters) - Global shares and the dollar on Thursday were mostly higher as traders await a Fe...Reuters
Thu, Dec 4
Midland States Bancorp eyes best week ever as credit outlook set to improve
Shares of community lender Midland States Bancorp MSBI.O on track for best ever week, if gains holdStock has jumped more than 23% so far this week after MSBI announced the sale of its equipment finance portfolioAnalysts say the deal improves MSBI's credit outlook and is likely to improve the ban...Reuters
Thu, Dec 4
EMERGING MARKETS-LatAm stocks extend climb on Fed optimism; regional developments in focus
Stocks up 0.9%, currencies flatInvestors eye Honduras elections, US-Venezuela tensionsBrazil's Bovespa tops 164,000 pointsBy Niket Nishant Dec 4 (Reuters) - Latin American stocks extended gains on Thursday, driven by growing expectations that the U.S. Federal Reserve will begin lowering inte...Reuters
Thu, Dec 4
US STOCKS-Wall Street mostly flat as Fed watchers digest jobs data
Hormel Foods rises after annual profit forecast above estimatesSalesforce climbs as FY26 outlook gets boostKroger falls, Dollar General climbs after outlooksIndexes: Dow off 0.06%, S&P 500 up 0.01%, Nasdaq up 0.05% Dec 4 (Reuters) - U.S. stocks held near the unchanged mark on Thursday, as in...Reuters
Thu, Dec 4
LIVE MARKETS-Marvell, Carvana among top candidates for S&P 500 additions - Stephens
Nasdaq, S&P 500 up slightly; Dow edges redIndustrials lead S&P sector gainers; Consumer staples weakest groupDollar up slightly, gold edges down ; U.S. crude gains >1%; bitcoin off ~2%US 10-Year Treasury yield rises to ~4.11%Welcome to the home for real-time coverage of markets brought t...Reuters
Thu, Dec 4
Street View: Dollar Tree's multi-price strategy thrives amid tariff challenges
Dollar Tree DLTR.O raised its annual profit forecast and beat quarterly estimates on Wednesday, as the discount retailer bets on steady demand for its affordable essentials to offset the impact of tariff-led uncertaintyAverage rating of 27 analysts is "hold"; median PT is $116 - data compile...Reuters
Thu, Dec 4
Citi upbeat on Australia's NEXTDC after media report OpenAI to anchor co's Sydney data centre
Citi sees a confidence boost in NEXTDC NXT.AX after media reports that Wall Street's AI darling OpenAI has signed a deal with the Australian data centre operatorOn Thursday, a media report said that the ChatGPT owner has signed a deal as anchor tenant for NXT's 650 Megawatt data centre in Ea...Reuters
Thu, Dec 4
Street View: Macy's forecast raise boosts investor confidence in turnaround
Macy's M.N raised its annual sales and profit targets on Wednesday, as the department store operator begins to see returns from its months-long turnaround effortsAt least 4 brokerages raised PT, median PT of 13 brokerages is $22 - data compiled by LSEG RESILIENT CONSUMER DEMAND DESPITE TARIF...Reuters
Thu, Dec 4
PRECIOUS-Gold steady as rising yields offset dollar weakness; PCE data in focus
US weekly jobless claims drop to over 3-year lowGold will not retest the old highs, analyst saysUS private payrolls fell by 32,000, jobs data showedBy Anmol Choubey Dec 4 (Reuters) - Gold prices were largely unchanged on Thursday, as rising U.S. Treasury yields offset support from a weaker dollar...Reuters
Thu, Dec 4
U.S. STOCKS ON THE MOVE-Raymond James, CAVA, Paramount Skydance
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's major indexes were mostly flat on Thursday, as investors reviewed fresh labor-market signals and firmed up their expectations for a possible Federal Reserve rate cut next w...Reuters
Thu, Dec 4
TD Bank rises after strong Q4 results
Shares of Canadian lender TD Bank TD.TO up 1.7% at C$119.66 TD topped analyst estimates for fourth-quarter profit, boosted by strong performance in its capital markets businesses Co reported adj net income of C$2.18, compared with C$1.72 a year agoCo reported net interest income of C$8.59 billion ($...Reuters
Thu, Dec 4
LIVE MARKETS-Truist sees high single to low double-digit gains in 2026
Nasdaq, S&P 500 up slightly; Dow edges redIndustrials lead S&P sector gainers; Consumer staples weakest groupEuro STOXX 600 index rises ~0.5%Dollar, gold up slightly; U.S. crude gains ~1.6%; bitcoin off ~1.8%US 10-Year Treasury yield rises to ~4.10%Welcome to the home for real-time coverage...Reuters
Thu, Dec 4
Raymond James gains after unveiling $2 billion buyback program
Shares of wealth manager Raymond James RJF.N rise 2.7% to $163.06 RJF announced a buyback program of up to $2 billion late Wednesday Repurchases may be made both through the open market and privately negotiated transactionsRJF also boosted its quarterly cash dividend by 8% to 54 cents per shareFive...Reuters
Thu, Dec 4
UK stocks rise on boost from industrials and financials
FTSE 100 up 0.2%, FTSE 250 rises 0.3%Burberry gains after HSBC raises PTDiageo shares fall as UBS cuts target price Dec 4 (Reuters) - UK stocks edged higher on Thursday, boosted by gains in industrials and financials shares, while investors assessed corporate updates and economic data ahead of th...Reuters
Thu, Dec 4
Cinctive Capital Management up 12% for year to end November, says source
LONDON, Dec 4 (Reuters) - U.S.-based hedge fund Cinctive Capital Management finished November up 4%, putting the fund up 12% for 2025 so far, said a source familiar with the matter on Thursday.Cinctive, a multi-strategy hedge fund had gains with bets related to investments in health care, technology...Reuters
Thu, Dec 4
US STOCKS-Wall Street mostly flat as Fed watchers digest jobs data
Indexes: Dow fell 0.14%, S&P 500 down 0.07%, Nasdaq down 0.01% Hormel Foods rises after annual profit forecast above estimatesSalesforce climbs as FY26 outlook gets boostInvestors assess a series of labor market dataBy Johann M Cherian and Pranav Kashyap Dec 4 (Reuters) - Wall Street's ma...Reuters
Thu, Dec 4
Synchronoss Technologies soars as Lumine Group announces acquisition
Shares of cloud solutions provider Synchronoss Technologies SNCR.O soar 64.7% to $8.73 Lumine Group LMN.V to buy SNCR in an all-cash deal with an equity value of about $116.4 mln, based on cash price of $9.00 per share, LMN saysDeal has an enterprise value of about $258.4 mln, and is expected to clo...Reuters
Thu, Dec 4
Cotton hits over one-week low on weak export sales data, wider market sentiment
Dec 4 (Reuters) - ICE cotton futures fell to their lowest level in over a week on Thursday as a lackluster export sales report and broader market weakness weighed on sentiment.Cotton contracts for March CTH6 fell 0.19 cent, or 0.3%, at 64.27 cents per lb at 11:11 a.m. ET (16:11 GMT). The contract fe...Reuters
Thu, Dec 4
Snowflake tumbles on slower quarterly product revenue growth forecast
Dec 4 (Reuters) - Snowflake SNOW.N shares slumped 11% on Thursday after the cloud data analytics company forecast slower product revenue growth for the fourth quarter, partly hit by discounts offered on the large, long-term deals.If losses hold, around $10 billion of the company's market value c...Reuters
Thu, Dec 4
LIVE MARKETS-Fresh labor numbers, stale factory data
U.S. stock indexes mixed, Dow slightly redIndustrials lead S&P sector gainers; cons staples biggest laggardEuro STOXX 600 index rises ~0.5%Dollar, gold edge up; crude gains >1%; bitcoin off >1%US 10-Year Treasury yield rises to ~4.10%Welcome to the home for real-time coverage of markets b...Reuters
Thu, Dec 4
