News
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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
US STOCKS-Wall Street subdued as traders await Fed decision
Indexes: Dow fell 0.04%, S&P 500 flat, Nasdaq down 0.07% 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 main...Reuters
Thu, Dec 4
Space Stocks Jump With AST SpaceMobile up 8%
Space stocks jumped in morning trading. AST SpaceMobile rose 8%; Destiny Tech100 rose 6%; Intuitive Machines rose 5%; Rocket Lab, Firefly Aerospace, Redwire, BlackSky, and Planet Labs rose 4%; Viasat, Momentus, Voyager, and Telesat rose 2%; KULR Technology rose 1%.Tiger News
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 w...Reuters
Thu, Dec 4
Copper miners dip as prices ease on London Metal Exchange
Shares of copper miners fall, tracking lower prices of the red metalBenchmark copper CMCU3 on the London Metal Exchange down 0.7% at $11,401 a metric tonGlobal mining giant Rio Tinto RIO.N down 1.7% Southern Copper SCCO.N down marginally and Freeport-McMoRan falls 1.2%Canada's Hud...Reuters
Thu, Dec 4
Silver Stocks Drop as Silver Pulls Back From Record High
Silver stocks dropped in morning trading. First Majestic Silver and Endeavour Silver fell 4%; Fortuna Silver Mines fell 2%; Pan American Silver fell 1%. Silver pulled back from an all-time high, as traders took profits and a key measure of the dollar’s strength steadied. Gold was little changed.The...Tiger News
Thu, Dec 4
Jack Daniel's maker Brown-Forman shares rise after Q2 sales beat
Shares of Jack Daniel's maker Brown-Forman BFb.N rise about 5% in early trading to $31.52Tops Q2 net sales estimates on growth in travel retail channel and in key emerging marketsQ2 net sales of $1.04 billion vs $1.02 billion- data compiled by LSEGCo reiterates expectation of annual organic net ...Reuters
Thu, Dec 4
