News
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GLOBAL MARKETS-Oil falls amid Trump deal on Venezuelan oil; stocks ease
US crude and Brent oil prices fall furtherEuro zone inflation eases to 2% targetCopper eases from recordWall Street stocks end mixedBy Caroline Valetkevitch NEW YORK, Jan 7 (Reuters) - Oil prices fell on Wednesday following U.S. President Donald Trump's deal to import up to $2 billion worth o...Reuters
Wed, Jan 7
TRADING DAY-Sunny start, gloomy end
By Jamie McGeever ORLANDO, Florida, Jan 7 (Reuters) - The S&P 500 and Dow Jones Industrials climbed to new highs on Wednesday but closed the session lower in the wake of patchy U.S. employment data, while bond yields, oil, and metals prices also posted notable declines. More on that below. In...Reuters
Wed, Jan 7
Phathom Pharmaceuticals drops after announcing planned equity raise
Phathom Pharmaceuticals PHAT.O shares down 10.1% post-market at $16.25 after planned equity raise newsGastrointestinal (GI) diseases-focused biopharma announces offering comprised of stock and pre-funded warrants; deal size not disclosedCo intends to use net offering proceeds for general corporate p...Reuters
Wed, Jan 7
AbbVie denies media reports of talks to buy Revolution Medicines
By Puyaan SinghJan 7 (Reuters) - AbbVie ABBV.N on Wednesday denied it was in talks to buy Revolution Medicines RVMD.O after the Wall Street Journal reported the drugmaker was in advanced discussions to acquire the cancer-drug developer.The company "is not in discussions with Revolution Medicines...Reuters
Wed, Jan 7
Canadian Solar slides after $200 mln convertible debt deal unveil
Shares of renewable energy firm Canadian Solar CSIQ.O down 8.7% at $20.10 in extended trading as it seeks capital raiseCSIQ announces private offering of $200 mln 5-yr convertible bondsCo says plans to use net offering proceeds for investments in U.S. manufacturing capacity, and in the value chain s...Reuters
Wed, Jan 7
US STOCKS-S&P 500 ends lower, AI stocks buoy Nasdaq
US job openings decline more than expected in NovemberTrump says his administration will ban Wall St from buying single-family homesJPMorgan dips after analyst downgradeS&P 500 -0.34%, Nasdaq +0.16%, Dow -0.94% By Noel Randewich NEW YORK, Jan 7 (Reuters) - The S&P 500 ended lower on Wedne...Reuters
Wed, Jan 7
CANADA STOCKS-TSX pulls back from record high as commodity prices fall
TSX ends down 0.8% at 32,135.49Energy declines 1.5% as oil settles 2% lowerDeclines for railroad stocks weigh on industrialsFnancials lose 0.8%By Utkarsh Hathi and Fergal Smith Jan 7 (Reuters) - Canada's main stock index pulled back on Wednesday from a record high as commodity prices decli...Reuters
Wed, Jan 7
LIVE MARKETS-S&P 500, Dow snap winning streaks while FANGs rescue Nasdaq
S&P 500, Dow close in the red; Nasdaq pares gains to end modestly higherHealthcare leads S&P 500 sector gainers; Utilities weakest groupDollar gains; gold down ~1; crude off >1%; bitcoin falls >2%US 10-Year Treasury yield falls to ~4.14%Welcome to the home for real-time coverage of mar...Reuters
Wed, Jan 7
Compass shares surge as Anywhere Real Estate merger gains approval
Shares of home brokerage firm Compass COMP.N rise nearly 9.2% to about $11.8 in after-market tradingAnywhere Real Estate HOUS.N shares up 17.8% to about $17Co says Compass and Anywhere Real Estate stockholders approve merger Adds, ~99% of COMP stockholders approved issuing class A shares to HOUS st...Reuters
Wed, Jan 7
US STOCKS-S&P 500 ends lower; AI stocks lift Nasdaq
US job openings decline more than expected in NovemberTrump says his administration will ban Wall St from buying single-family homesJPMorgan dips after analyst downgradeBy Noel Randewich NEW YORK, Jan 7 (Reuters) - The S&P 500 ended lower on Wednesday, pulled down by declines in JPMorgan, Bla...Reuters
Wed, Jan 7
GLOBAL MARKETS-Oil falls, stocks ease after Trump reveals plan for Venezuelan oil
US crude and Brent oil prices fall furtherEuro zone inflation eases to 2% targetCopper eases from recordWall Street stocks mixedBy Caroline Valetkevitch NEW YORK, Jan 7 (Reuters) - Oil prices fell on Wednesday as U.S. President Donald Trump's plan to refine and sell Venezuelan crude oil raise...Reuters
Wed, Jan 7
US defense stocks fall after Trump's comments on production problems
Defense stocks slip as investors weigh U.S. President Donald Trump's comments on Truth Social, Trump's social media platformTrump says he won't permit dividends, buybacks for defense companies till they fix military equipment production problemsCalls executive pay packages in the defense...Reuters
Wed, Jan 7
US STOCKS-S&P 500 reaches record high as AI trade returns
US job openings decline more than expected in NovemberTrump says his administration will ban Wall St from buying single-family homesS&P 500 +0.03%, Nasdaq +0.48%, Dow -0.54%By Noel Randewich NEW YORK, Jan 7 (Reuters) - The S&P 500 climbed to a record high on Wednesday, lifted by gains in...Reuters
Wed, Jan 7
AbbVie in talks to buy biotech Revolution Medicines, WSJ reports
Jan 7 (Reuters) - AbbVie ABBV.N is in advanced talks to buy cancer-drug developer Revolution Medicines RVMD.O, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.Shares of Revolution were up 10% in afternoon trading.Reuters
Wed, Jan 7
Olaplex jumps after report Germany's Henkel eyes takeover
Shares of shampoo and other hair products maker Olaplex Holdings OLPX.O up 16.2% at $1.6Germany's Henkel has submitted a takeover offer for OLPX, Bloomberg News reports, citing people with knowledge of the matter, after it lost over 90% of its value since its IPOOLPX and Henkel are in talks abou...Reuters
Wed, Jan 7
EMERGING MARKETS-Latam assets drift lower as markets weigh geopolitical tensions, US data
Stocks fall 0.88%, FX ticks down 0.23%Chile's December trade surplus beats estimates By Ragini Mathur, Twesha Dikshit and Pranav Kashyap Jan 7 (Reuters) - Latin American currencies and stocks slipped on Wednesday as President Donald Trump's plan to sell Venezuelan crude reserves lit a...Reuters
Wed, Jan 7
Artificial Intelligencer-New kind of chip shortage has Wall Street buzzed
By Krystal Hu Jan 7 (Reuters) - (Artificial Intelligencer is published every Wednesday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here or email me to share any thoughts.) Happy New Year and welcome back! I hope you had a joyful, ...Reuters
Wed, Jan 7
U.S. STOCKS ON THE MOVE-Nvidia, Boeing, Lowe's
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8The S&P 500 and the Nasdaq gained on Wednesday, with the benchmark index at record highs, as technology stocks extended their rally from the previous session, while investors shrugged th...Reuters
Wed, Jan 7
Warner Bros rejects revised Paramount bid, sticks with Netflix
Warner Bros favors Netflix deal, spurning Paramount's amended bidParamount's bid includes $40 billion guarantee from Larry EllisonAnalysts see Netflix's offer as clearer with fewer execution risksBy Dawn Chmielewski, Kritika Lamba and Dawn Kopecki LOS ANGELES, Jan 7 (Reuters) - Warner...Reuters
Wed, Jan 7
