News
Important Only
Oracle says Michigan data center project talks on track without Blue Owl
By Akash Sriram and Jaspreet Singh Dec 17 (Reuters) - Oracle said talks for an equity deal to support its Michigan data center project remain on schedule and do not include Blue Owl Capital, after a report of stalled negotiations with the crucial partner knocked its shares down 5% on Wednesda...Reuters
Wed, Dec 17
Coursera to buy Udemy, creating $2.5 billion firm to target AI training
Deal values combined firm at $2.5 bln amid sector consolidationTransaction expected to close in second-half of next yearOnline education stocks lag broader markets on competition woesBy Akash SriramDec 17 (Reuters) - Online education platform Coursera COUR.N said on Wednesday it would buy rival Udem...Reuters
Wed, Dec 17
LIVE MARKETS-Fed rate cuts may require short-term bond investors to consider course correction
Main US indexes fall, Nasdaq down >1%Energy leads S&P 500 sector gainers; tech weakest groupEuro STOXX 600 index flatDollar up; gold gains; crude rallies ~1.5%; bitcoin down >1%US 10-Year Treasury yield edges up to ~4.16%Welcome to the home for real-time coverage of markets brought to you ...Reuters
Wed, Dec 17
GLOBAL MARKETS-Stock indexes fall while gold and silver rise with oil
Wall Street shares tumble, Oracle helps sour investors on tech Oil rises with precious metals Sterling falls as data cements BoE rate cut on ThursdayUS to blockade sanctioned oil tankers in and out of VenezuelaBy Sinéad Carew and Marc Jones NEW YORK/LONDON, Dec 17 (Reuters) - MSCI's global eq...Reuters
Wed, Dec 17
Silver miners gain as precious metal soars to new peak
Shares of silver miners rise, tracking prices of the white metal GOL/Spot silver XAG= rises 4% to $66.3 per ounce, after touching an all-time high of $66.52 earlier in the session, extending a rally driven by tight supply, strong industrial demand and rising speculative interest"Silver is pulli...Reuters
Wed, Dec 17
Texas Pacific Land rises on data center deal with Bolt Data & Energy
Shares of Permian Basin-focused land and royalty company Texas Pacific Land TPL.N gain 4.7% to $857.92 in afternoon tradeCo enters agreement with data and energy infrastructure firm Bolt Data & Energy to develop and enable large-scale data center campuses and supporting infrastructure across TPL...Reuters
Wed, Dec 17
UK stocks end higher as banks, home builders lead rally ahead of BoE rate decision
FTSE 100 up 0.9%; FTSE 250 up 0.56% UK inflation falls to 3.2%, boosting rate cut betsFTSE 100 on track for best year since 2009Homebuilders lead gains, Banks follow Dec 17 (Reuters) - UK stocks closed higher on Wednesday, led by gains in home builders and bank shares, as lower-than-expected dome...Reuters
Wed, Dec 17
US STOCKS-Wall Street falls as Oracle's funding woes hit tech stocks
Oracle slides as report says its $10 billion data center in limboWarner Bros Discovery board rejects rival bid from ParamountIndexes off: Dow 0.22%, S&P 500 0.79%, Nasdaq 1.26%Nasdaq, S&P 500 trade at three-week lowsBy Johann M Cherian and Shashwat Chauhan Dec 17 (Reuters) - Wall Stre...Reuters
Wed, Dec 17
LIVE MARKETS-Deck the halls with mortgage data
US equity indexes red; Nasdaq off most, down >1%Tech down most among S&P 500 sectors; energy leads gainersEuro STOXX 600 index ~flatDollar edges up; gold gains; crude rallies >1%; bitcoin slipsUS 10-year Treasury yield ticks up to ~4.16%Welcome to the home for real-time coverage of markets...Reuters
Wed, Dec 17
Citi raises PT on PepsiCo to $170
Citi raises PT on beverage and snacks company PepsiCo PEP.O to $170 from $165, a 29.8% upside to the stock's last closeBrokerage cites co stock looks too low for a company still growing sales, showing a stronger‑than‑expected 2026 outlook, and taking steps to fix PepsiCo Foods North America and ...Reuters
Wed, Dec 17
Barclays upgrades Hyatt's rating to 'overweight'; shares rise
Shares of Hyatt Hotels H.N rise 1.2% to about $164.60Barclays raises Hyatt's price target to $200 from $161, upgrades rating to "overweight" from "equal-weight"New PT represents an upside of 22.9% from stock's last closeBrokerage says H has gone through a ~7+ year transformat...Reuters
Wed, Dec 17
Jefferies lifts Apple price target on strong iPhone sales in China
Brokerage Jefferies raises PT for Apple AAPL.O to $283.36 from $246.99 The updated PT represents a 2.8% upside to AAPL's last closeAAPL shares were down marginally Brokerage says AAPL is highly resilient to memory cost hikes because of its high average selling price (ASP)Jefferies says sales of ...Reuters
Wed, Dec 17
Incyte up after European Commission expands use of cancer drug
Shares of drugmaker Incyte INCY.O rise 1.9% to $98.83Incyte says that the European Commission has approved its cancer drug Minjuvi in combination with lenalidomide and rituximab The new approval expands the use for the treatment of adult patients with relapsed or refractory follicular lymphoma after...Reuters
Wed, Dec 17
Mortgage REIT Two Harbors jumps on UWM deal
Shares of real estate investment trust Two Harbors Investment Corp TWO.N rising 12% on Weds to $11.10 after lender UWM Holdings UWMC.N said it would buy the co in a $1.3 bln all-stock dealTWO shares on course for steepest daily pct gain in more than two yearsUnder the deal, TWO shareholders will rec...Reuters
Wed, Dec 17
CANADA STOCKS-TSX edges higher as cannabis, commodity stocks climb
By Avinash P Dec 17 (Reuters) - Toronto's main equity index edged higher on Wednesday as cannabis stocks extended a rally on expectations of easing U.S. curbs, while higher commodity prices supported energy and mining firms. The S&P/TSX Composite index .GSPTSE rose 0.14% to 31,309.56 poi...Reuters
Wed, Dec 17
Copper miners rise as prices push higher on potential mine shortfalls and risk-on sentiment
Shares of copper miners rise, tracking higher prices of the red metalBenchmark copper CMCU3 on the London Metal Exchange up 1.2% at $11,732 a metric tonGlobal mining giants Rio Tinto RIO.N climbs ~2% and BHP Group BHP.N up ~1%Southern Copper SCCO.N up ~1% and Freeport-McMoRan rises ma...Reuters
Wed, Dec 17
BREAKINGVIEWS-Amazon-OpenAI tie-up would be hedge for both sides
By Karen Kwok LONDON, Dec 17 (Reuters Breakingviews) - Amazon.com AMZN.O has chips to sell. OpenAI needs them, and lots of computing power too. That makes the cloud giant’s potential $10 billion investment in the ChatGPT developer a logical mutual hedge. The $2.4 trillion cloud-to-e-commerce gian...Reuters
Wed, Dec 17
Warner Bros Discovery board rejects rival bid from Paramount
Paramount's bid lacks adequate financing assurances, Warner Bros board saysWarner Bros favors Netflix's binding offer over Paramount's risky proposalConcerns over Paramount's financial condition and creditworthiness raised by Warner BrosBy Dawn Chmielewski and Milana Vinn LOS ANGE...Reuters
Wed, Dec 17
LIVE MARKETS-Health trends, weight-loss drugs to fuel protein market boom, Barclays says
US equity indexes mixed, Dow up 0.2%Energy leads S&P 500 sector gains, comm svcs weakestEuro STOXX 600 index up ~0.2%Dollar edges up; gold gains; crude rallies >1%; bitcoin slipsUS 10-year Treasury yield dips to ~4.14%Welcome to the home for real-time coverage of markets brought to you by Reu...Reuters
Wed, Dec 17
U.S. STOCKS ON THE MOVE-Spotify, Robinhood Markets, Cannabis stocks
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes were slightly higher in volatile trading on Wednesday as investors searched for clues on the outlook for interest rates, while caution lingered following repor...Reuters
Wed, Dec 17
