News
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Morningstar sees Australia's CSL as 'cheap', optimistic for margin rebound
Morningstar says while CSL CSL.AX shares have lost around 40% since acquiring iron deficiency and kidney disease business Vifor in August 2022, several other factors have also contributed to the stock's lacklustre performanceAdds while the Vifor acquisition has diluted return on invested capital...Reuters
Wed, Dec 3
Street View: Marvell's AI networking roadmap gets boost from Celestial AI deal
Shares of AI chipmaker Marvell Technology MRVL.O rise 6.5% to $98.95MRVL said on Tuesday it will buy chip startup Celestial AI in a deal worth $3.25 blnUp to last close, MRVL had fallen ~16% YTD CELESTIAL AI DEAL, A STRATEGIC BET Piper Sandler ("overweight," $135) says acq...Reuters
Wed, Dec 3
REUTERS NEXT-Citadel debuts new AI tool for equities investors, CTO Subramanian says
By Milana Vinn NEW YORK, Dec 3 (Reuters) - Citadel, the hedge fund founded by billionaire Ken Griffin, has launched a new artificial intelligence-powered tool that aims to help investors conduct research on stocks faster and more efficiently, the firm's chief technology officer said on Wednes...Reuters
Wed, Dec 3
U.S. STOCKS ON THE MOVE-Spirit AeroSystems, Boeing, Roblox
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's benchmark S&P 500 edged higher in choppy trading on Wednesday, as a set of economic data bolstered expectations for an interest rate cut by the Federal Reserve, while a...Reuters
Wed, Dec 3
LIVE MARKETS-BofA institutional clients ramp up their buying
Main US indexes rise; Dow out front, up ~08%Energy leads S&P 500 sector gainers; Utilities weakest groupDollar down; gold edges red; bitcoin up 1.7%, U.S. crude 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 rep...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
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
