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Hoyne Bancorp jumps in Nasdaq debut after mutual-bank conversion
U.S. lender Hoyne Bancorp HYNE.O jumps as much as 36.4% in Nasdaq debutStock opens at $13.35 apiece vs $10 offer price; last up 34.2% at $13.42HYNE sold 7.94 million shares for gross proceeds of $79.4 million in its stock offering HYNE's listing is aimed at transitioning the lender from a deposi...Reuters
Thu, Dec 4
Truist starts coverage on Cava with 'buy' rating
Truist Securities initiates coverage on restaurant chain Cava group CAVA.N with "buy" rating and a price target of $66 Shares of CAVA rise nearly 1% to about $55 New PT an upside of 21.1% from stock's last close Brokerage sees CAVA's same-store sales rebounding to 4.5% by...Reuters
Thu, Dec 4
LKQ explores sale of Specialty segment; shares fall
Shares of auto parts supplier LKQ LKQ.O down 1.2% at $29 in morning tradeCo says it is exploring the potential sale of its Specialty segment"Current market conditions present an attractive environment to assess divestiture options and ensure we maximize the value of this best-in-class business,&...Reuters
Thu, Dec 4
GLOBAL MARKETS-Stocks higher, dollar to extend losing streak, as markets weigh rate cuts
Fed expected to cut rates amid weak economic dataU.S. dollar index set for 10th straight session of lossesJapanese stocks lead gains, Nikkei up 2%By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, Dec 4 (Reuters) - Global shares edged up on Thursday, powered by expectations that a U.S. rate cut ...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 on Wednesday showedBy Anmol Choubey Dec 4 (Reuters) - Gold prices were largely unchanged on Thursday, as rising U.S. Treasury yields offset support from a ...Reuters
Thu, Dec 4
Kroger trims annual sales forecast as shoppers tighten budgets
Company misses quarterly sales estimateGrowing pressure on low- to middle-income families - interim CEO Grocer ramped up price reductions in the third quarterBy Savyata Mishra Dec 4 (Reuters) - Kroger KR.N narrowed its annual sales forecast on Thursday on signs of shoppers turning more selective...Reuters
Thu, Dec 4
Hong Kong fire to hurt Taiping Insurance earnings, Fitch says
By Selena LiHONG KONG, Dec 4 (Reuters) - The deadly fire that ripped through seven high-rise towers in Hong Kong is expected to result in a surge in near-term claims among insurers, and hit earnings of the complex's main underwriter, an affiliate of China Taiping Insurance Holdings 0966.HK, an ...Reuters
Thu, Dec 4
Meta to cut up to 30% of metaverse budget, Bloomberg News reports
Reality Labs division has burned over $60 billion since 2020The company has committed as much as $72 billion in capital spending this year Dec 4 (Reuters) - Meta META.O is expected to make budget cuts of up to 30% for its metaverse initiative, Bloomberg News reported on Thursday, citing people fa...Reuters
Thu, Dec 4
LIVE MARKETS-Retail investors all-in on 2025's AI drive
Wall Street indexes little changed; Nasdaq down mostIndustrials lead S&P sector gains; consumer discretionary is weakestEuro STOXX 600 index up ~0.5%Dollar edges red; bitcoin down >1%; gold barely up; crude up US 10-Year Treasury yield rises to ~4.10%Welcome to the home for real-time coverage...Reuters
Thu, Dec 4
Dollar General raises annual profit forecast as low prices pull in bargain hunters
Annual same-store sales growth forecast increased to 2.5%-2.7%Dollar stores gain from demand across income groupsShares rise as much as 12.3%By Anuja Bharat Mistry Dec 4 (Reuters) - Dollar General DG.N raised its annual profit forecast after beating third-quarter earnings estimates on Thursday, a...Reuters
Thu, Dec 4
Paramount falls after report says Netflix in lead to acquire Warner Bros Discovery
Shares of media major Paramount Skydance PSKY.O fall 2.4% to $14.32Netflix NFLX.O leads the bidding for Warner Bros Discovery WBD.O, says CNBC, with PSKY and Comcast CMSA.O also participatingPSKY has questioned WBD on “fairness and adequacy” of the sale process, CNBC reports, citing letter from PSKY...Reuters
Thu, Dec 4
CANADA STOCKS-TSX nears record high as bank earnings boost optimism
Dec 4 (Reuters) - Canada's main stock index rose toward record highs on Thursday, outperforming U.S. stocks, after the latest round of bank earnings underscored resilience in the economy despite tariff uncertainties.The S&P/TSX Composite index .GSPTSE rose 0.7% to 31,388.30 points by 10:22 a...Reuters
Thu, Dec 4
GE Vernova strikes deal with Greenvolt for Romania wind turbines, shares rise
Shares of power equipment maker GE Vernova GEV.N gain 4.2% at $627 Co enters into a supply deal with Greenvolt Energy to supply, install and commission 42 of its 6.1 megawatts (MW) - 158m onshore wind turbines to power the Gurbanesti wind farm in RomaniaDeliveries of the wind turbines are scheduled ...Reuters
Thu, Dec 4
USA Rare Earth rises on supply deal with Solvay and Arnold
Shares of USA Rare Earth USAR.O rise 9.4% to $15.3Co's unit Less Common Metals (LCM) signs supply deal with Solvay and Arnold Magnetic Technologies Corp, a unit of Compass Diversified CODI.NUSAR says deal will "ensure a reliable, ex-China source of high-quality rare-earth materials for Arnol...Reuters
Thu, Dec 4
U.S. STOCKS ON THE MOVE-Meta, GE Vernova, Kroger
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes fluctuated between small gains and losses on Thursday as investors analyzed a fresh round of labor market data to fine-tune expectations for a much-anticipated...Reuters
Thu, Dec 4
Hormel Foods up after annual profit forecast above estimates
Shares of Skippy peanut butter maker Hormel Foods rise as much as 8.72% to $25.30, highest since September 17Co forecast annual profit above estimates, betting on its cost-cutting plan, higher prices and sustained demand for turkeyExpects FY2026 adjusted EPS between $1.43 and $1.51, wi...Reuters
Thu, Dec 4
REFILE-LIVE MARKETS-US equities chop around flat after mixed bag of data
Wall Street indexes mixed, little changedIndustrials lead S&P sector gains; Staples weakest groupEuro STOXX 600 index up ~0.5%Dollar edges red; bitcoin down >1%; gold ~flat; crude up slightlyUS 10-Year Treasury yield rises to ~4.09%Welcome to the home for real-time coverage of markets brought...Reuters
Thu, Dec 4
Top Calls on Wall Street: Apple, Tesla, Oracle, Broadcom, Micron, Salesforce, Snowflake, PayPal, and More
Here are the biggest calls on Wall Street on Thursday:KeyBanc reiterates Apple as sector weightThe firm says its checks indicate “slightly stronger iPhone 17 sell-through than previously expected” from Apple.“Results from our November iPhone 17 carrier surveys and KFL Data were mixed, as our iPhone ...Tiger News
Thu, Dec 4
EMERGING MARKETS-LatAm currencies extend winning streak on Fed optimism; Brazil stocks hit record
Stocks up 0.7%, currencies gain 0.1%Investors eye Honduras elections, US-Venezuela tensionsBrazil's Bovespa tops 162,000 pointsBy Niket Nishant Dec 4 (Reuters) - Latin American currencies extended gains on Thursday after notching their longest winning streak since April, highlighting the sup...Reuters
Thu, Dec 4
