News
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Energy firms rise as Moscow peace talks fail to reach breakthrough
S&P 500 energy index .SPNY up 1.1% as crude prices edge higher O/RBrent crude futures LCOc1 up 0.79% at $62.93/barrel and U.S. West Texas Intermediate crude CLc1 rise 0.9% to $59.19/barrelOil prices rise after Russia said talks with U.S. officials in Moscow failed to reach a compromise on a pote...Reuters
Wed, Dec 3
Memory-Chip Stocks Sink as Pure Storage's Earnings Results Fail to Impress
Memory-chip stocks sank as Pure Storage’s earnings results failed to impress. Pure Storage fell 26%; SanDisk fell 7%; Seagate Technology fell 6%; Western Digital fell 5%; Micron Technology fell 3%. Flash storage pioneer Pure Storage Inc. raised its full-year guidance today, but its stock fel...Tiger News
Wed, Dec 3
Indian airports face major disruptions as IndiGo grapples with pilot shortages, sources say
IndiGo faces staffing crunch due to pilot work hour limitsAirline cancels at least 150 flights, sources say IndiGo blames operational challengesBy Jayshree P Upadhyay, Abhijith Ganapavaram and Dhwani Pandya NEW DELHI, Dec 3 (Reuters) - At least 150 flights operated by India's biggest airline...Reuters
Wed, Dec 3
Capricor jumps to 8-year high as cell therapy slows muscle-wasting disease
Shares of drugmaker Capricor Therapeutics CAPR.O surge fourfold to $29.72, its highest in over 8 yearsCo says its experimental cell therapy, deramiocel, slowed the progression of Duchenne muscular dystrophy or DMD in a late-stage trialDMD is a condition that causes skeletal and heart muscle weakness...Reuters
Wed, Dec 3
Copper miners gain on record high prices, supply concerns, weaker dollar
Shares of copper miners rise, tracking higher prices of the red metalBenchmark copper CMUCU3 on the London Metal Exchange up 3% at $11,475 a metric tonCopper prices rise to record high supported by a weaker U.S. dollar, supply concerns and tighter availability of metal in warehouses registered with ...Reuters
Wed, Dec 3
Microsoft falls on report of lowered AI software sales quota
Shares of Microsoft MSFT.O down 2.8% at $476.21 Lowers AI software sales quotas, The Information reports, citing two salespeople in Azure cloud unitMultiple divisions have lowered sales growth targets for certain AI products after staff missed goals in the fiscal year ended June, the report saysUp t...Reuters
Wed, Dec 3
Marvell shares soar as chipmaker boosts its AI drive with Celestial deal
Dec 3 (Reuters) - Marvell Technology MRVL.O jumped 9.3% to a nine-month high on Wednesday after its $3.25 billion deal to acquire semiconductor startup Celestial AI bolstered investor confidence in the chipmaker's push into next-gen AI infrastructure.The company is doubling down on AI infrastruc...Reuters
Wed, Dec 3
Nextpower expands US operations with new hub and manufacturing boost; shares dip
Shares of solar tracking equipment maker Nextpower NXT.O fall 3.3% to $83.7Co says it is opening an expanded Southeast regional hub in Nashville, which includes a new Remote Monitoring Center NXT also added a new steel fabrication line operated by MSS Steel Tubes USA in Memphis, TennesseeThe new lin...Reuters
Wed, Dec 3
Daktronics names Ramesh Jayaraman President and CEO, shares fall
Shares of digital display maker Daktronics DAKT.O fall nearly 1.4% to about $18.2 DAKT names Ramesh Jayaraman as president and chief executive officer, effective February 1, 2026 Jayaraman has 25 years of global operations experience, and recently served as senior vice president and America...Reuters
Wed, Dec 3
Microsoft down after report co lowers AI software sales quota
Shares of tech major Microsoft MSFT.O down 2.1% to $479.97 premarketMSFT lowers AI software sales quotas, The Information reports, citing two salespeople in Azure cloud unitAccording to the report, multiple divisions have lowered sales growth targets for certain AI products after many sales staff mi...Reuters
Wed, Dec 3
Big Tech Stocks Drop as Microsoft Lowers AI Software Sales Quota
Multiple divisions at Microsoft have lowered sales growth targets for certain artificial intelligence products after many sales staff missed goals in the fiscal year that ended in June, The Information reported on Wednesday.Big tech stocks dropped in morning trading. Netflix fell 5%; Microsoft fell ...Tiger News
Wed, Dec 3
Macy's strikes cautious tone on holiday spending, posts surprise profit
Macy's notes consumers are picky this holiday seasonShares fall nearly 7% premarketCompany posts surprise Q3 profitForecasts Q4 adjusted profit below estimatesBy Juveria Tabassum Dec 3 (Reuters) - Macy's M.N on Wednesday warned of picky consumers during the crucial holiday season as infla...Reuters
Wed, Dec 3
American Eagle soars as Sweeney campaign draws in shoppers
Dec 3 (Reuters) - Shares of American Eagle Outfitters AEO.N jumped nearly 15% in early trading on Wednesday after its viral Sydney Sweeney jeans campaign continued to drive in-store traffic during the key holiday season, prompting the retailer to raise its annual sales forecast.Shares of the company...Reuters
Wed, Dec 3
Dollar Tree lifts annual profit target on steady demand for affordable items
Co benefits from its product assortment attracting income groupsHigher expenses in Q3 offset by lower freight costsQ3 sales of $4.75 bln, adj. profit of $1.21/shr beat estimatesBy Anuja Bharat Mistry and Chandni ShahDec 3 (Reuters) - Dollar Tree DLTR.O raised its annual profit forecast and beat quar...Reuters
Wed, Dec 3
US STOCKS SNAPSHOT-Wall St opens lower as investors assess data, Microsoft falls
Dec 3 (Reuters) - Wall Street's main indexes opened lower on Wednesday, as investors assessed data pointing to a weak jobs market, while Microsoft fell after a report said the tech giant lowered its sales growth targets for certain artificial intelligence products.The Dow Jones Industrial Averag...Reuters
Wed, Dec 3
CANADA STOCKS-TSX opens higher after upbeat bank earnings
Dec 3 (Reuters) - Canada's TSX opened higher on Wednesday as investors cheered stronger-than-expected earnings from Royal Bank of Canada and National Bank of Canada.At 9:30 a.m. ET (1330 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE up 0.42% at 31,178.34 points.Reuters
Wed, Dec 3
Acadia Healthcare plunges after cutting 2025 profit forecast
Shares of Acadia Healthcare ACHC.O fall 23.53% to $12.60 in premarket tradingCo lowers forecast for 2025 adjusted EBITDA to between $601 million and $611 million, compared with its previous guidance of between $650 million and $660 millionEight of 14 brokerage rate the stock "buy" or higher,...Reuters
Wed, Dec 3
U.S. STOCKS ON THE MOVE-Wendy's, Bristol Myers Squibb, Macy's
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock index futures edged higher on Wednesday as investors ramped up bets on a rate cut from the Federal Reserve this month and awaited a fresh wave of economic data. .NRio Tinto PLC R...Reuters
Wed, Dec 3
Macy's reverses course as muted holiday forecast clouds surprise quarterly profit
Shares of department store chain Macy's reverse course to fall about 4% to $21.85 in premarket tradingExpects Q4 net sales between $7.35 billion and $7.50 billion, with the midpoint below analysts' average estimates of $7.46 billion - as per LSEG dataEstimates Q4 adjusted EPS bet...Reuters
Wed, Dec 3
Pure Storage plunges after Q3 results; JP Morgan and Citi cut PT
Shares of data storage company Pure Storage PSTG.N fall 15.3% at $80.49 premarket Citi and J.P. Morgan both cut PT to $105 from $110 after Q3 resultsSusquehanna downgrades stock to "neutral" from "positive"Co's Q3 net income falls to $54 million, down from $63.64 million a year a...Reuters
Wed, Dec 3
