News
Important Only
Musk wins fight to keep lawyer Alex Spiro in Twitter trial
By Mike Scarcella Dec 2 (Reuters) - Elon Musk has persuaded a judge that his longtime lawyer Alex Spiro can represent him in a shareholder lawsuit over the billionaire's 2022 Twitter acquisition even though he may be a trial witness in the case.San Francisco-based U.S. District Judge Charles ...Reuters
Tue, Dec 2
American Eagle lifts annual sales forecast on marketing-driven holiday demand
By Neil J Kanatt Dec 2 (Reuters) - American Eagle Outfitters AEO.N raised its annual comparable sales forecast on Tuesday, betting on marketing-driven demand for its apparel and accessories during the holiday season, sending its shares up about 11% after the bell. Successful marketing campaign...Reuters
Tue, Dec 2
Pure Storage slips after Q3 net income falls
Shares of data storage company Pure Storage PSTG.N down 12% at $83.98 after the bellCo posts Q3 net income of $54 million, down from $63.64 million a year agoQuarterly total operating expenses rose 23% to $643.50 millionPSTG posts Q3 net income of 16 cents per share, compared to 19 cents per share a...Reuters
Tue, Dec 2
Microchip Technology raises profit, revenue expectations for third quarter
Dec 2 (Reuters) - Chipmaker Microchip Technology MCHP.O on Tuesday raised its expectations for third-quarter net sales and earnings per share, driven by strong bookings, sending its shares up 2.3% in extended trading.The company now expects adjusted earnings per share of 40 cents, which is at the hi...Reuters
Tue, Dec 2
CANADA STOCKS-TSX dips as lower commodity prices offset positive start to bank earnings season
TSX ends up 0.2% at 31,049.28Bank of Nova Scotia beats Q4 profit estimatesLaurentian Bank jumps after acquisition by Fairstone BankShopify shares climb after record holiday weekend salesBy Fergal Smith Dec 2 (Reuters) - Canada's main stock index edged down on Tuesday as declines for resource ...Reuters
Tue, Dec 2
TRADING DAY-Tech, Fed hopes do the heavy lifting
By Jamie McGeever ORLANDO, Florida, Dec 2 (Reuters) - World stocks rose on Tuesday, regaining their poise after wobbling the previous day and lifted by an extended upswing in tech and AI sentiment as investors also continued to wager the Federal Reserve will lower U.S. interest rates next week. M...Reuters
Tue, Dec 2
Cybersecurity co Check Point falls after $1.5 bln convertible deal unveiled
Shares of Check Point Software Technologies CHKP.O down 3.4% in extended trading to $180.89 as co seeks capital raiseIsraeli cybersecurity solutions provider announces private offering of $1.5 bln 0% 5-yr convertible bondsCo intends to use portion of net proceeds to pay the cost of capped call trans...Reuters
Tue, Dec 2
FDA official Pazdur's retirement adds uncertainty for the pharma sector, RBC says
The U.S. Food and Drug Administration's newly appointed head of the drug evaluation department, Richard Pazdur, has decided to retire from the health agency, an FDA spokesperson saidThe agency's veteran oncology chief Pazdur took over the role on November 11, replacing George Tidmarsh after ...Reuters
Tue, Dec 2
LIVE MARKETS-Wall Street advances with industrials, tech outperforming
S&P 500 ends up 0.25%, Dow rises 0.4%, Nasdaq adds 0.6%Industrials lead S&P 500 sector gainers; Energy weakest groupDollar edges down; gold dips; crude off >1%; bitcoin rallies >5.5%US 10-Year Treasury yield edges down to ~4.09%Welcome to the home for real-time coverage of markets brou...Reuters
Tue, Dec 2
Marvell slides after unveiling Celestial AI deal, quarterly results
Shares of chipmaker Marvell Technology MRVL.O slide 6% to $87.35 in extended tradingMRVL will buy chip startup Celestial AI in a $3.25 billion cash-and-stock deal, as it looks to boost its networking portfolio amid intensifying competition from bigger rivals Broadcom and NvidiaIn connection with the...Reuters
Tue, Dec 2
American Eagle gains on raising annual sales forecast
Shares of American Eagle up 15% at $23.58 after the bellCo raises annual comparable sales forecast betting on marketing-driven demand for its apparel and accessories during the holiday seasonCo sees annual comparable sales rising in the low single digits, compared to its previous expectations of abo...Reuters
Tue, Dec 2
UL Solutions slips as parent to trim stake in safety testing firm
Shares of UL Solutions ULS.N down 2.1% post-market to $87 after secondary offering launchedNorthbrook, Illinois-based safety testing co says UL Standards & Engagement (ULSE) to offload 12.5 mln sharesGoldman Sachs and JP Morgan are lead bookrunners for offeringSale would take ULSE's holdings...Reuters
Tue, Dec 2
Boeing CFO expects higher jet deliveries, positive cash flow next year
737 and 787 production improvements boost investor confidenceBoeing's shares jump 10%, leading S&P 500By Allison Lampert and Nathan Gomes Dec 2 (Reuters) - Boeing BA.N expects positive cash flow in 2026, lifted by higher deliveries of its commercial jets, the company's finance chief ...Reuters
Tue, Dec 2
PREVIEW: Marvell Technology seen reporting higher rev, EPS in results due after the bell
Shares of Marvell Technology MRVL.O are up 2.3% on Tues, with the U.S. chipmaker seen reporting higher yr-over-yr rev and earnings in its qtrly results due after the closing bell Analysts expect Q3 rev of $2.07 bln vs $1.52 bln in the yr-ago period, and adj EPS of 73c vs 43c a yr ago, according to ...Reuters
Tue, Dec 2
US STOCKS-Equities climb on Fed rate cut optimism, Boeing surges
Boeing rises, expects higher deliveries of jets in 2026 Bitcoin stabilizes following massive losses Warner Bros advances on reports of Netflix offer By Chuck Mikolajczak NEW YORK, Dec 2 (Reuters) - U.S. stocks closed higher to record their sixth gain in seven sessions in muted trading ...Reuters
Tue, Dec 2
PREVIEW: Macy's seen reporting decrease in qtrly rev in results due Wed
Shares of Macy's M.N are down 0.4% on Tues afternoon, with the department store retailer seen reporting a decrease in yr-over-yr rev in qtrly results due before the bell on WedAnalysts expect Q3 rev of $4.62 bln vs $4.74 bln in the yr-ago period and a loss of 14c/shr vs adj EPS of 4c in the yr-a...Reuters
Tue, Dec 2
Instacart falls, day after Amazon grocery delivery plan news
Shares of Instacart CART.O are down 3.8% on Tues, with Amazon.com AMZN.O late on Monday saying it is testing ultra-fast delivery of household essentials and fresh groceries in parts of Seattle and PhiladelphiaAmazon said in a blog that the service will deliver items in about 30 minutes or lessAlso o...Reuters
Tue, Dec 2
BNP Paribas sees S&P 500 ending next year at 7,500
BNP sees STOXX 600 ending next year at 650It sees European stocks outperforming US equitiesBNP S&P 500 forecast for end-2026 is 10% gain from here NEW YORK, Dec 2 (Reuters) - BNP Paribas strategists expect the S&P 500 .SPX will end next year at 7,500, with the index supported by a solid U.S....Reuters
Tue, Dec 2
EMERGING MARKETS-Latam equities jump, Brazil's Bovespa sets new record; regional developments in focus
Stocks jump 1.1%, FX up 0.15%Brazil's equity index hits a fresh peakChilean assets firm with eyes on runoff election in mid-DecemberSaudi Arabia forecasts deficit of $44 billion in 2026 budgetBy Twesha Dikshit and Nikhil Sharma Dec 2 (Reuters) - Latin American equities advanced on Tuesday aft...Reuters
Tue, Dec 2
US STOCKS-Equities climb on Fed rate cut optimism, Boeing surges
Boeing rises, expects higher deliveries of jets in 2026 Bitcoin stabilizes following massive losses Warner Bros advances on reports of offer from Netflix Indexes up: Dow 0.35%, S&P 500 0.25%, Nasdaq 0.66%By Chuck Mikolajczak NEW YORK, Dec 2 (Reuters) - U.S. stocks advanced but were...Reuters
Tue, Dec 2
