News
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Retailers pull out the stops to neutralize inflation, tariff drag
By Savyata Mishra and Arpan Varghese Dec 3 (Reuters) - Retailers are trying various strategies to counter the drag from inflation and tariffs, from leaning on wealthier customers and celebrity ads to outright store closures.Headed into the year-end shopping season, they have had mixed success as...Reuters
Wed, Dec 3
Blue Owl rises on report of insider buying post sell-off
Shares of alternative asset manager Blue Owl Capital OWL.N rise 4.9% to about $15.6Blue Owl employees bought about $70 mln in stock of its listed asset management company and $135 mln in its two largest listed private credit funds in November, FT reportsCo scrapped a merger of two of its private cre...Reuters
Wed, Dec 3
LIVE MARKETS-Invesco eyes 2026 market advance, looks outside US
US equity indexes green: Dow out front, up ~0.8%Energy leads S&P 500 sector gainers; Utilities weakest groupDollar down; gold edges up; bitcoin, crude both up >1%US 10-Year Treasury yield edges down to ~4.07%Welcome to the home for real-time coverage of markets brought to you by Reuters repor...Reuters
Wed, Dec 3
Micron to exit consumer memory business amid global supply shortage
Dec 3 (Reuters) - Memory chipmaker Micron Technology MU.O said on Wednesday it will exit its consumer business, as it doubles down on advanced memory chips used in artificial intelligence data centers amid a global supply shortage of the essential semiconductors. Shares of the company were down 2.6%...Reuters
Wed, Dec 3
Aeva shares soar after deal with European automaker
By Stephen NellisSAN FRANCISCO, Dec 3 (Reuters) - Shares of Aeva Technologies AEVA.O, a Silicon Valley-based maker of lidar units that help autonomous vehicles sense their surroundings, rose more than 18% in midday trading on Wednesday after the company announced an exclusive deal to supply a Europe...Reuters
Wed, Dec 3
Microsoft denies report of lowering targets for AI software sales growth
Carlyle cut spending on Copilot Studio due to data integration issues - reportBig Tech under pressure to prove hefty AI investments are generating returnsMicrosoft shares pare losses after denial, last down 1.7% Dec 3 (Reuters) - Microsoft on Wednesday denied a report from The Information that mu...Reuters
Wed, Dec 3
Spirit AeroSystems up as FTC demands Boeing divest co's assets
Shares of Spirit AeroSystems SPR.N up 2.7% at $38.54U.S. FTC says it will require Boeing BA.N to divest significant SPR assets to resolve antitrust concerns around its $8.3 bln acquisition Under a proposed consent order, BA will divest Spirit businesses that currently supply aerostructures to Airbus...Reuters
Wed, Dec 3
Boeing falls as FTC requires Spirit AeroSystems asset sales for merger approval
Shares of Boeing BA.N fall nearly 2.4% to about $200.6 The U.S Federal Trade Commission (FTC) requires BA to divest several Spirit AeroSystems SPR.N assets to proceed with the merger Move comes as part of Boeing’s proposed $8.3 billion acquisition of the airline supplier Including sessio...Reuters
Wed, Dec 3
UK's FTSE 100 ends lower as financials stocks drag
FTSE 100 down 0.1%, FTSE 250 up 0.1%UK to lift pause on motor finance complaint handling in May 2026Miners, energy shares gain; Russia-Ukraine talks falterLSEG rises after deal with OpenAI Dec 3 (Reuters) - The UK's FTSE 100 ended slightly lower on Wednesday, weighed down by losses in fin...Reuters
Wed, Dec 3
Retailers pull out the stops to neutralize inflation, tariff drag
By Savyata Mishra and Arpan Varghese Dec 3 (Reuters) - Retailers are trying various strategies to counter the drag from inflation and tariffs, from leaning on wealthier customers and celebrity ads to outright store closures.Headed into the year-end shopping season, they have had mixed success as...Reuters
Wed, Dec 3
US STOCKS-S&P 500 gains on Fed rate cut expectations, offsetting Microsoft slip
Indexes up: Dow 0.54%, S&P 500 0.22%, Nasdaq 0.09%Investors assess ADP employment and ISM services reports Microsoft lowers AI software sales quota - The InformationSmall caps outperform broader Wall StreetBy Johann M Cherian and Pranav Kashyap Dec 3 (Reuters) - Wall Street's benchmark S&...Reuters
Wed, Dec 3
GLOBAL MARKETS-Stocks rise as Fed outlook pushes US yields lower
Shares rebound, markets turn upbeatDollar drops again as investors bet on dovish Fed under HassettBrent crude rises more than 1%Spot gold hovers around $4,200 per ounceBy Chibuike Oguh NEW YORK, Dec 3 (Reuters) - Global shares rose while U.S. Treasury yields fell after weak economic data solidifi...Reuters
Wed, Dec 3
ICE cotton edges up as weaker dollar supports demand
Dec 3 (Reuters) - ICE cotton futures inched higher on Wednesday, helped by a weaker U.S. dollar, while traders await key data releases later this week.Cotton contracts for March CTH6 rose 0.03 cent, or 0.1%, to 64.6 cents per lb at 10:57 a.m. ET (15:57 GMT). The dollar slipped to an over one-month l...Reuters
Wed, Dec 3
First Majestic Silver steady after launching $300 mln convertible deal
U.S.-listed shares of Canadian miner First Majestic Silver AG.N trading around the flat line at $15.90 as it seeks capital to refinance debtAG early Weds launched private offering of $300 mln convertible bonds (CBs) due 2031It plans to use net offering proceeds to repurchase a portion of its $230 ml...Reuters
Wed, Dec 3
LIVE MARKETS-Data clearance: Everything must go!
US equity indexes green: Dow out frontEnergy leads S&P 500 sector gainers; Tech weakest groupEuro STOXX 600 index rises ~0.1%Dollar down; gold rises; bitcoin, crude both up ~1%US 10-Year Treasury yield edges down to ~4.07%Welcome to the home for real-time coverage of markets brought to you by Re...Reuters
Wed, Dec 3
Hovde Group cuts PT on Commerce Bancshares to $62
Hovde Group cuts PT on regional lender Commerce Bancshares CBSH.O to $62 from $65 New PT still represents a 22.6% upside to the stock's last closeBrokerage believes CBSH's 5% stock dividend announced in October has no financial benefit, nor any actual return of capital to shareholders CBSH h...Reuters
Wed, Dec 3
Capricor eyes US nod for Duchenne cell therapy after success in key study
By Kamal Choudhury Dec 3 (Reuters) - Capricor Therapeutics CAPR.O said on Wednesday its cell therapy for a rare muscular disorder met the main goal of a late-stage study, reviving hopes for U.S. approval after a setback and sending its shares up more than four-fold.Shares of the San Diego-based ...Reuters
Wed, Dec 3
CANADA STOCKS-TSX inches up on commodities boost, but banks fall
By Avinash P Dec 3 (Reuters) - Canada's stock index edged higher on Wednesday, helped by higher prices of oil and metals, although shares of Royal Bank of Canada and National Bank of Canada fell despite upbeat results.The S&P/TSX Composite index .GSPTSE rose 0.2% by 10.42 a.m. ET followi...Reuters
Wed, Dec 3
BREAKINGVIEWS-Saudi’s epic EA bet is easier to fund than justify
By George Hay LONDON, Dec 3 (Reuters Breakingviews) - Saudi Arabia’s gaming gambit is even bigger than expected. The kingdom’s Public Investment Fund (PIF) is to fund nearly all of a $36 billion equity cheque on the $55 billion take-private of Electronic Arts EA.O, the WSJ reported on Tuesday. T...Reuters
Wed, Dec 3
U.S. STOCKS ON THE MOVE-Microsoft, Wyndham Hotels & Resorts, Daktronics
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes were mixed in choppy trading on Wednesday, with Microsoft pulling the tech sector lower, while investors parsed a slew of economic indicators to gauge the Fed&...Reuters
Wed, Dec 3
