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Marvell slides after unveiling Celestial AI deal, quarterly results
Shares of chipmaker Marvell Technology MRVL.O slide 6% to $87.35 in extended tradingMRVL will buy chip startup Celestial AI in a $3.25 billion cash-and-stock deal, as it looks to boost its networking portfolio amid intensifying competition from bigger rivals Broadcom and NvidiaIn connection with the...Reuters
Tue, Dec 2
American Eagle gains on raising annual sales forecast
Shares of American Eagle up 15% at $23.58 after the bellCo raises annual comparable sales forecast betting on marketing-driven demand for its apparel and accessories during the holiday seasonCo sees annual comparable sales rising in the low single digits, compared to its previous expectations of abo...Reuters
Tue, Dec 2
UL Solutions slips as parent to trim stake in safety testing firm
Shares of UL Solutions ULS.N down 2.1% post-market to $87 after secondary offering launchedNorthbrook, Illinois-based safety testing co says UL Standards & Engagement (ULSE) to offload 12.5 mln sharesGoldman Sachs and JP Morgan are lead bookrunners for offeringSale would take ULSE's holdings...Reuters
Tue, Dec 2
Boeing CFO expects higher jet deliveries, positive cash flow next year
737 and 787 production improvements boost investor confidenceBoeing's shares jump 10%, leading S&P 500By Allison Lampert and Nathan Gomes Dec 2 (Reuters) - Boeing BA.N expects positive cash flow in 2026, lifted by higher deliveries of its commercial jets, the company's finance chief ...Reuters
Tue, Dec 2
PREVIEW: Marvell Technology seen reporting higher rev, EPS in results due after the bell
Shares of Marvell Technology MRVL.O are up 2.3% on Tues, with the U.S. chipmaker seen reporting higher yr-over-yr rev and earnings in its qtrly results due after the closing bell Analysts expect Q3 rev of $2.07 bln vs $1.52 bln in the yr-ago period, and adj EPS of 73c vs 43c a yr ago, according to ...Reuters
Tue, Dec 2
US STOCKS-Equities climb on Fed rate cut optimism, Boeing surges
Boeing rises, expects higher deliveries of jets in 2026 Bitcoin stabilizes following massive losses Warner Bros advances on reports of Netflix offer By Chuck Mikolajczak NEW YORK, Dec 2 (Reuters) - U.S. stocks closed higher to record their sixth gain in seven sessions in muted trading ...Reuters
Tue, Dec 2
PREVIEW: Macy's seen reporting decrease in qtrly rev in results due Wed
Shares of Macy's M.N are down 0.4% on Tues afternoon, with the department store retailer seen reporting a decrease in yr-over-yr rev in qtrly results due before the bell on WedAnalysts expect Q3 rev of $4.62 bln vs $4.74 bln in the yr-ago period and a loss of 14c/shr vs adj EPS of 4c in the yr-a...Reuters
Tue, Dec 2
Instacart falls, day after Amazon grocery delivery plan news
Shares of Instacart CART.O are down 3.8% on Tues, with Amazon.com AMZN.O late on Monday saying it is testing ultra-fast delivery of household essentials and fresh groceries in parts of Seattle and PhiladelphiaAmazon said in a blog that the service will deliver items in about 30 minutes or lessAlso o...Reuters
Tue, Dec 2
BNP Paribas sees S&P 500 ending next year at 7,500
BNP sees STOXX 600 ending next year at 650It sees European stocks outperforming US equitiesBNP S&P 500 forecast for end-2026 is 10% gain from here NEW YORK, Dec 2 (Reuters) - BNP Paribas strategists expect the S&P 500 .SPX will end next year at 7,500, with the index supported by a solid U.S....Reuters
Tue, Dec 2
EMERGING MARKETS-Latam equities jump, Brazil's Bovespa sets new record; regional developments in focus
Stocks jump 1.1%, FX up 0.15%Brazil's equity index hits a fresh peakChilean assets firm with eyes on runoff election in mid-DecemberSaudi Arabia forecasts deficit of $44 billion in 2026 budgetBy Twesha Dikshit and Nikhil Sharma Dec 2 (Reuters) - Latin American equities advanced on Tuesday aft...Reuters
Tue, Dec 2
US STOCKS-Equities climb on Fed rate cut optimism, Boeing surges
Boeing rises, expects higher deliveries of jets in 2026 Bitcoin stabilizes following massive losses Warner Bros advances on reports of offer from Netflix Indexes up: Dow 0.35%, S&P 500 0.25%, Nasdaq 0.66%By Chuck Mikolajczak NEW YORK, Dec 2 (Reuters) - U.S. stocks advanced but were...Reuters
Tue, Dec 2
US natgas companies fall on oversupply concerns
Shares of U.S. natural gas companies down, tracking a fall in natgas futures NGA/U.S. natural gas futures NGc1 down 2.1% at $4.8 per million British thermal unit Natural gas prices slip as supply concerns pressured the market, overshadowing earlier gains from forecasts for colder weather and stronge...Reuters
Tue, Dec 2
Laurentian Bank jumps after buyout deal with Fairstone
Shares of Canadian lender Laurentian Bank LB.TO up 18.19% at C$55.79 Privately held Fairstone Bank agrees to buy LB in a C$1.9 billion ($1.36 billion) all-cash deal Fairstone will pay C$40.50 per share for LB, which represents a 20% premium over last closeThe deal, which is expected to close by late...Reuters
Tue, Dec 2
PRECIOUS-Gold falls on profit booking, investors eye Fed rate cut signals
Market expects 89% chance of 25-basis point Fed rate cut in DecGold may reach $5,000 early in the new year, analyst saysCentral banks bought 53 tons of gold in October, WGC saysBy Anmol Choubey Dec 2 (Reuters) - Gold prices fell over 1% on Tuesday as investors took profits following a six-week hi...Reuters
Tue, Dec 2
U.S. STOCKS ON THE MOVE-CrowdStrike Holdings, Procter & Gamble, Ford Motor
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8The S&P 500 and the Nasdaq were higher on Tuesday, lifted by tech shares, as growing bets on interest rate cuts offset caution ahead of key inflation data later this week. .N At 13:...Reuters
Tue, Dec 2
Brokerages upbeat on Australia KFC operator Collins Foods post half-year results
Morningstar upgrades earnings forecast for Collins Foods CKF.AX on improving productivity in Australia KFC stores and margins tracking ahead of annual estimatesRestaurant operator on Monday logged 29.5% rise in HY26 underlying NPAT to A$27.2 million ($17.83 million), lifts FY26 NPAT growth forecast ...Reuters
Tue, Dec 2
LIVE MARKETS-Not in a bubble, but "air pockets" ahead for AI stocks - BofA
Dow, S&P 500 both up ~0.1%, Nasdaq adds 0.5%Tech leads S&P 500 sector gainers; materials weakest groupDollar ~flat; bitcoin rallies >6%; crude dips; gold falls ~1%US 10-Year Treasury yield edges down to ~4.09%Welcome to the home for real-time coverage of markets brought to you by Reuters ...Reuters
Tue, Dec 2
Canada's Scotiabank beats profit expectations on capital markets boost, reports cautious optimism for 2026
Scotiabank's capital markets and wealth management boost profitRestructuring charge due to layoffs in Canada and AsiaAdjusted EPS of C$1.93 per share beats estimate of C$1.84Shares hit recordBy Nivedita Balu and Ateev BhandariDec 2 (Reuters) - Bank of Nova Scotia BNS.TO said on Tuesday it was ca...Reuters
Tue, Dec 2
Scotiabank rises after Q4 profit beats estimates
Shares of Canadian lender Bank of Nova Scotia BNS.TO up 2.5% at C$98.47 Scotiabank posts Q4 profit above analysts' estimates on capital markets boost and strong performance in its wealth business BNS reported adj. EPS of C$1.93 vs estimates of C$1.84 - data compiled by LSEG Bank took a C$373 mil...Reuters
Tue, Dec 2
LIVE MARKETS-TD Securities: Resilient but two-speed
Dow, S&P 500 both up ~0.15%; Nasdaq out front with 0.55% gainTech leads S&P 500 sector gainers; Energy weakest groupEuro STOXX 600 index ends up 0.07%Dollar ~flat; bitcoin rallies >6%; crude dips; gold falls ~1%US 10-Year Treasury yield edges down to ~4.09%Welcome to the home for real-tim...Reuters
Tue, Dec 2
