News
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CANADA STOCKS-TSX rallies as energy shares move beyond Venezuela oil supply threat
TSX ends up 0.8% at 32,378.64Energy rises 1.9% as oil settles 3.2% higherMDA Space jumps 6.6%Materials group adds 0.8% as gold climbsBy Fergal Smith TORONTO, Jan 8 (Reuters) - Canada's main stock index rose on Thursday as higher oil prices lifted energy shares, with the index recouping much o...Reuters
Thu, Jan 8
US STOCKS-Wall Street ends mixed as tech dips, defense stocks rally
Defense stocks climb as Trump proposes bigger military budget Ford rises after Piper Sandler upgrades rating, raises PTWeekly jobless claims rise less than expectedS&P 500 +0.01%, Nasdaq -0.44%, Dow +0.55%By Purvi Agarwal and Noel Randewich Jan 8 (Reuters) - Wall Street ended mixed on Thursda...Reuters
Thu, Jan 8
GLOBAL MARKETS-Stocks mixed, yields rise ahead of US jobs report; defense shares gain
Oil prices rise as traders watch Venezuela developmentsEyes on US nonfarm payrolls; bets of two more Fed cuts remainS&P 500 near flatBy Caroline Valetkevitch NEW YORK, Jan 8 (Reuters) - Major stock indexes were mixed and Treasury yields rose on Thursday ahead of Friday's key U.S. jobs...Reuters
Thu, Jan 8
GM to take $6 billion writedown on EV pullback; shares fall
Shares of General Motors GM.N down nearly 1.6% to about $83.75 aftermarket General Motors to take $6 billion charge to pull back from EVs in response to Trump administration's policies and fading demandAs of last close, shares up 57.6% over the past yearReuters
Thu, Jan 8
LIVE MARKETS-Your Thursday wrap-up: The Nasdaq-Dow seesaw
Dow gains; S&P 500~flat; Nasdaq dipsEnergy leads S&P 500 sector gainers; Tech weakest groupDollar, gold advance; crude surges >4.5%; bitcoin ~flatUS 10-Year Treasury yield rises to ~4.18%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can sha...Reuters
Thu, Jan 8
US STOCKS-Wall Street ends mixed as tech dips, defense stocks rally
Defense stocks climb as Trump proposes bigger military budget Ford rises after Piper Sandler upgrades rating, raises PTWeekly jobless claims rise less than expectedBy Purvi Agarwal and Noel Randewich Jan 8 (Reuters) - Wall Street ended mixed on Thursday, as Nvidia and other technology stocks dipp...Reuters
Thu, Jan 8
Merck in talks to buy biotech Revolution Medicines, Financial Times reports
Jan 8 (Reuters) - Merck MRK.N is in talks to buy cancer drug developer Revolution Medicines RVMD.O, the Financial Times reported on Thursday, citing people familiar with the matter.Shares of Revolution were up 5.2% in afternoon trading.Reuters
Thu, Jan 8
EMERGING MARKETS-LatAm assets hold steady as geopolitical jitters curb risk, local data parsed
Stocks up 0.2%, currencies flatVenezuelan sovereign debt sheds some gainsBrazil's Bovespa equities index leads gains in the regionMexico's headline inflation slows more than expectedBy Twesha Dikshit and Pranav Kashyap Jan 8 (Reuters) - Latin American assets were largely steady on Thu...Reuters
Thu, Jan 8
Paramount again tells Warner Bros its offer trumps Netflix's
Paramount claims Warner Bros cable spinoff is worthlessWarner Bros board finds Paramount's bid inadequateParamount argues its bid is superior to NetflixBy Aditya Soni, Harshita Mary Varghese and Dawn Chmielewski Jan 8 (Reuters) - Paramount Skydance on Thursday reiterated that its $108.4 billi...Reuters
Thu, Jan 8
Macy's, Ulta Beauty edge higher as rival retailer Saks Global's troubles pile, analyst says
Shares of department store chain Macy's M.N and cosmetics retailer Ulta Beauty ULTA.O rise 6% and ~1%, respectivelyIncluding session moves, ULTA up for four consecutive sessions, while M up in four of the last five sessionsMacy's-owned high-end department store chain Bloomingdale's could...Reuters
Thu, Jan 8
Jefferies shares slide after $30 million First Brands drags earnings
Shares of investment bank Jefferies Financial Group JEF.N down 6.49% at $60.48JEF reported Q4 results on Wednesday after the market closeCo incurred a $30 million loss tied to First Brands, which filed for bankruptcy last yearCo in Q4 reported net earnings attributable to common shareholders of $190...Reuters
Thu, Jan 8
US STOCKS-Wall Street mixed as tech dips and defense stocks rally
Defense stocks climb as Trump proposes bigger military budget Ford rises after Piper Sandler upgrades rating, raises PTWeekly jobless claims rise less than expectedS&P 500 -0.09%, Nasdaq -0.65%, Dow +0.54% By Purvi Agarwal and Noel Randewich Jan 8 (Reuters) - Wall Street was mixed on Thur...Reuters
Thu, Jan 8
U.S. STOCKS ON THE MOVE-DoorDash, Duolingo, Gap
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8The S&P 500 was muted on Thursday as losses in heavyweight technology stocks offset broader gains, while defense companies advanced after President Donald Trump called for a $1.5 trillio...Reuters
Thu, Jan 8
BofA Global Research upgrades Coinbase to 'buy'
BofA Global Research upgrades crypto exchange Coinbase COIN.O to "buy" from "neutral"Brokerage cites the co is evolving from a pure crypto exchange into a diversified financial platformDecentralized finance (DeFi) strategic pivot & native token catalyst with Base, its layer 2 blo...Reuters
Thu, Jan 8
LIVE MARKETS-Stirring the new Fed Chair stew, but what else might be cooking there?
Dow gains ~0.7%, S&P 500 edges igreen, Nasdaq off ~0.5%Staples lead S&P 500 sector gainers; Tech weakest groupDollar, bitcoin, gold up; crude rallies >2%US 10-Year Treasury yield rises to ~4.17%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You ...Reuters
Thu, Jan 8
Gordon Haskett sees mixed year for US restaurants in 2026, Yum Brand up after upgrade
Gordon Haskett expects mixed year for U.S. restaurants in 2026, says lower‑income and younger consumers to remain under pressure while companies with strong same‑store sales (SSS) drivers to outperformBrokerage says consumer demand will stay soft in 2026, with reduced visit frequency among lower‑inc...Reuters
Thu, Jan 8
Housing stocks recoup losses after Trump related sell-off
Shares in homebuilders turned higher on Thursday and rental housing Real Estate Investment trusts (REITs) regained some lost ground after U.S. President Donald Trump said on Wednesday his administration is moving to ban Wall Street firms from buying up single-family homes in a bid to reduce home pri...Reuters
Thu, Jan 8
US STOCKS-Wall St mixed as tech retreats; defense firms gain on Trump's budget hike call
Indexes: Dow up 0.62%, S&P 500 up 0.05%, Nasdaq down 0.49%Defense stocks surge as Trump proposes $1.5 trln 2027 budget Ford rises after Piper Sandler upgrades rating, raises PTWeekly jobless claims rise less than expectedBy Purvi Agarwal and Nikhil Sharma Jan 8 (Reuters) - The S&P 500...Reuters
Thu, Jan 8
McDonald's rise after Truist raises PT
Shares of fast-food chain McDonald's MCD.N rise 1.23% to $307.88Truist Securities raises PT on MCD to $356 from $350, a 17% upside to the stock's last closeBrokerage cites confidence in self-help sales drivers and a better near-term sales outlookGrowing traffic benefit from the Extra Value M...Reuters
Thu, Jan 8
UK's FTSE 100 ends flat as energy, retailers weakness counters defence gains
Both FTSE 100 and FTSE 250 end flat Defence stocks up after Trump calls for higher military budgetAssociated British foods slides after cutting FY profit forecast Jan 8 (Reuters) - London's FTSE 100 was little changed on Thursday as weakness in oil and retailers was offset by rising defence a...Reuters
Thu, Jan 8
