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EMERGING MARKETS-Argentina peso tumbles, Brazil stocks drop as investors eye domestic policy signals
LatAm stocks rise 0.4%, currencies slip 0.3%Peru's Cementos shares hit record highColombian equities set for longest losing streak since MarchBrazilian shares lead lossesBy Niket Nishant and Twesha Dikshit Dec 16 (Reuters) - The Argentine peso tumbled on Tuesday after the country's centr...Reuters
Tue, Dec 16
GLOBAL MARKETS-Equities fall with US Treasury yields after data, oil sinks
Wall Street dips after US economic dataUS adds jobs in November but unemployment rate risesBoE, ECB and BoJ meet later in the weekBrent futures drop below $60 a barrel for first time in monthsBy Sinéad Carew and Elizabeth Howcroft NEW YORK/ PARIS, Dec 16 (Reuters) - MSCI's global equities gau...Reuters
Tue, Dec 16
PREVIEW: Lennar shares dip; results due after the closing bell
Shares of Lennar LEN.N are down 2.4% in afternoon trading Tues, with the homebuilder seen reporting a decline in yr-over-yr rev and EPS in its quarterly results due after the closing bell Analysts expect qtrly rev of $9.02 bln vs $9.95 bln in the yr-ago period and EPS of $2.22 vs adj EPS of $4.06 a ...Reuters
Tue, Dec 16
US STOCKS-Wall St slips on losses in healthcare and energy stocks; focus on economic data
Healthcare sector slides; Pfizer's forecast disappointsUS job growth rebounded in November; unemployment rate at 4.6%Indexes down: Dow 0.63%, S&P 500 0.42%, Nasdaq 0.06%By Abigail Summerville and Johann M Cherian Dec 16 (Reuters) - Wall Street's main indexes slipped on Tuesday, impact...Reuters
Tue, Dec 16
Kraft Heinz taps former Kellogg chief as CEO to steer split
Outgoing CEO Abrams-Rivera to serve as adviser until March 6Cahillane to be CEO of sauces and spreads unit after the splitShares down 75% since 2017 peak, valuation trails peersBy Aishwarya Venugopal and Jessica DiNapoli Dec 16 (Reuters) - Kraft Heinz KHC.O on Tuesday named former Kellogg chief S...Reuters
Tue, Dec 16
Pfizer faces challenging years on fading COVID sales, margin pressure
Pfizer sees $1.5 billion revenue drop from COVID products next yearPfizer's 2026 R&D expenses rise due to antibody development and clinical programsPfizer's 2025 revenue forecast revised to about $62 billionShares drop over 5%By Puyaan Singh and Michael ErmanDec 16 (Reuters) - Pfizer PFE...Reuters
Tue, Dec 16
Texas Attorney General sues Xcel Energy unit over Smokehouse Creek wildfire
Dec 16 (Reuters) - The Attorney General of Texas, Ken Paxton, sued Xcel Energy's XEL.O unit Southwestern Public Service Company for causing the Smokehouse Creek fire in 2024, his office said on Tuesday.The fire was the largest recorded wildfire in Texas history and led to the deaths of three Tex...Reuters
Tue, Dec 16
U.S. STOCKS ON THE MOVE-Sunrun, PayPal, Caris
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes slipped on Tuesday, dragged down by losses in healthcare and energy stocks, as investors parsed a barrage of economic data to gauge the Federal Reserve's m...Reuters
Tue, Dec 16
Palvella Therapeutics climbs after Truist raises PT
Shares of drug developer Palvella Therapeutics PVLA.O rise 6.14% to $94.45Truist raises price target to $190 from $105, a 113.5% upside to the stock's last closeTruist says a small proof of concept study with co's Qtorin gel delivered sufficient "de-risking" of opportunity in patient...Reuters
Tue, Dec 16
Xcel Energy falls as Texas AG sues subsidiary over wildfire
Shares of U.S. utility Xcel Energy XEL.O down 4.3% at $72.48 Texas Attorney General Ken Paxton sues XEL's subsidiary, Southwestern Public Service Company, for causing the Smokehouse Creek Fire in 2024"XEL's blatant negligence killed three Texans and caused unfathomable destruction in the...Reuters
Tue, Dec 16
LIVE MARKETS-It's been a solid year for S&P 500 record closing highs
Main US indexes lower, Dow down 0.9%All 11 S&P 500 sectors lower, energy weakest Dollar, gold flat; crude falls 2.5%; bitcoin up >1%US 10-Year Treasury yield slips to ~4.16%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts w...Reuters
Tue, Dec 16
Caris rises on $1.1 billion deal with Genentech
Shares of AI-driven oncology firm Caris Life Sciences CAI.O up 2.23% at $27.30Co has signed a multi-year collaboration with Genentech, to discover new drug targets for hard-to-treat cancersDeal includes $25 mln upfront and near-term payments, with milestones of up to $1.1 bln linked to R&D and s...Reuters
Tue, Dec 16
BREAKINGVIEWS-Europe's EV rollback risks state backsliding
By Neil Unmack LONDON, Dec 16 (Reuters Breakingviews) - Europe’s backsliding on electric vehicles is a measly Christmas stocking-filler for carmakers. Brussels on Tuesday abandoned plans to make battery rides account for 100% of sales by 2035. Still, the rules are tougher than American ones, mean...Reuters
Tue, Dec 16
Barclays lifts C.H. Robinson rating to 'overweight', hikes PT
Barclays upgrades global freight forwarder C.H. Robinson CHRW.O to "overweight" from "equal-weight", raise PT to $200 from $145New PT shows an upside of 26.9% from the stock's last closeShares of the company marginally up at $158Brokerage says C.H. Robinson, under CEO Dave Bozema...Reuters
Tue, Dec 16
PetMed surges after Cardone Ventures offers $89 million buyout
Shares of pet pharmacy firm PetMed Express PETS.O rise 30% to $3.73Cardone Ventures, backed by billionaire investor Grant Cardone, has offered to buy PetMed Express for $4.25/share in cash, valuing the company at about $89 mlnThe proposal, which is unsolicited and non-binding, was sent to PetMed'...Reuters
Tue, Dec 16
GLOBAL MARKETS-Equities fall with US Treasury yields after data, oil sinks
Wall Street dips after US economic dataUS adds jobs in November but unemployment rate risesBoE, ECB and BoJ meet later in the weekBrent futures drop below $60 a barrel for first time in monthsBy Sinéad Carew and Elizabeth Howcroft NEW YORK/ PARIS, Dec 16 (Reuters) - MSCI's global equities gau...Reuters
Tue, Dec 16
Cannabis stocks rise after Trump considers executive order to reclassify marijuana
U.S.-listed shares of cannabis firms jump in afternoon tradingPresident Donald Trump said on Monday he is considering signing an executive order to reclassify marijuana as a less dangerous drug, though he offered no timeline for the moveShares of Cronos Group CRON.TO, CRON.O, SNDL SNDL.CD, SNDL.O an...Reuters
Tue, Dec 16
US STOCKS-Wall St slips on losses in healthcare stocks, focus on 'distorted' economic data
Healthcare sector slides; Pfizer's forecast disappointsUS job growth rebounded in November; unemployment rate at 4.6%B. Riley jumps after reporting Q2 profit vs year-ago lossIndexes off: Dow 0.48%, S&P 500 0.48%, Nasdaq 0.28%By Johann M Cherian and Shashwat Chauhan Dec 16 (Reuters) - Wall...Reuters
Tue, Dec 16
LIVE MARKETS-Data delivery: November jobs, October retail sales, December PMI, September inventories
US equity indexes modestly lower; Dow off mostEnergy weakest S&P 500 sector; Cons disc leads gainersEuro STOXX 600 index off ~0.5%Dollar down; crude falls >2%; gold inches higher; bitcoin up ~1.5%US 10-Year Treasury yield slips to ~4.16%Welcome to the home for real-time coverage of markets br...Reuters
Tue, Dec 16
PayPal rises after applying to set up US bank
Shares of payments firm PayPal PYPL.O rise 1.81% to $61.84 PYPL on Monday filed applications to establish a U.S. bank with the Utah Department of Financial Institutions and the Federal Deposit Insurance CorporationPYPL CEO Alex Chriss says access to capital remains a key barrier for small businesses...Reuters
Tue, Dec 16
