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Brokerages note Westpac's balance sheet strength, but all eyes on UNITE execution risks
Brokerages note Westpac's WBC.AX strong capital position, and improved credit quality, but flag execution risks around co's UNITE technology projectAustralia's third-largest lender by market capitalisation posted a FY net profit after tax of A$6.99 billion ($4.54 billion) on Monday, abov...Reuters
Mon, Nov 3
Coterra Energy dips on downbeat third-quarter profit miss
Shares of oil and gas company Coterra Energy CTRA.N down 2.3% at $23.82 in extended tradingCoterra's third-quarter profit misses estimates as lower oil prices offset a jump in productionPosts Q3 adj profit 41 cents per share vs estimate of 44 cents per share, according to data compiled by LSEGHo...Reuters
Mon, Nov 3
CANADA STOCKS-TSX gains as Magna jumps to 19-month high
TSX ends up 0.1% at 30,275.06Consumer discretionary rises 1.1%Magna climbs to highest since April 2024Financials add 0.6%By Fergal Smith Nov 3 (Reuters) - Canada's main stock index ended higher on Monday, led by consumer discretionary shares, but gains were limited as investors awaited cleare...Reuters
Mon, Nov 3
Starbucks gains as it agrees to sell China operations in $4 billion deal
Shares of cafe chain Starbucks SBUX.O up 2.5% at $82.98 in extended tradingSBUX says it has agreed to sell control of China operations to Boyu Capital in deal valued at $4 blnStarbucks says it will hold a 40% stake in the China joint ventureThe companies say Starbucks will continue to own and licens...Reuters
Mon, Nov 3
TRADING DAY-Economic reality damps AI, deals optimism
By Jamie McGeever ORLANDO, Florida, Nov 3 (Reuters) - Wall Street was mixed on Monday, with bumper corporate dealmaking activity and another mega AI-related tie-up offset by murky signals around the path for U.S. growth and interest rates, while the dollar crept up to a fresh three-month high. I...Reuters
Mon, Nov 3
Coterra Energy misses quarterly profit, raises 2025 production forecast
Nov 3 (Reuters) - Oil and gas firm Coterra Energy CTRA.N missed Wall Street estimates for third-quarter profit on Monday, as lower oil prices offset a jump in production, but raised its annual production forecast.Shares of the company were down 3% at $23.66 in after-market trading.U.S. President Don...Reuters
Mon, Nov 3
Sarepta shares dive as gene therapy misses late-stage main goal
Shares in Sarepta Therapeutics SRPT.O slump nearly 21% to $5.1 in extended tradingA late-stage study testing two gene-targeted therapies for Duchenne muscular dystrophy did not meet main goal Trial ran for nine years and was affected by the COVID-19 pandemic, which SRPT said impacted resultsUp to la...Reuters
Mon, Nov 3
Clorox rises after quarterly results beat estimates
Shares of bleach maker Clorox CLX.N up about 3% at $112.65Co beats first quarter sales and profit estimates driven by resilient demand for its cleaning productsCLX posts earnings per share of 85 cents, beating estimates of 79 cents a piece- data compiled by LSEGCo posts 19% decline in Q3 revenue at ...Reuters
Mon, Nov 3
Hims and Hers up after beating quarterly revenue estimates
Shares of telehealth firm Hims and Hers Health HIMS.N rise 5.5% to $46.85 after the bellReports Q3 revenue of $600 million, exceeding analysts' estimates of $580.2 million, according to LSEG dataHIMS' subscriber base increases to 2.47 million in Q3, up 21% from a year agoStock has risen over...Reuters
Mon, Nov 3
Kimberly-Clark’s $50 billion leap into health and beauty tests investor faith
Kimberly-Clark's shares drop 14.6% amid investor skepticismExecs see billions in cost savings, opportunities for growth in new linesAnalysts question strategic fit and cost savings By Jessica DiNapoli and Abigail Summerville NEW YORK, Nov 3 (Reuters) - Kimberly-Clark's KMB.O nearly $50 bi...Reuters
Mon, Nov 3
Clorox beats sales, profit estimates on steady demand for cleaning products
Nov 3 (Reuters) - Clorox CLX.N beat market expectations for first-quarter sales and profit on Monday, helped by strong demand for its cleaning products.Shares in the firm were up over 3% after the bell. The Pine-Sol parent posted an adjusted profit of 85 cents per share, compared with estimates of 7...Reuters
Mon, Nov 3
LIVE MARKETS-Stocks end mixed as AI names keep Nasdaq, S&P afloat
US equity indexes mixed, Nasdaq up 0.5%, Dow dipsCons disc leads S&P 500 sector gains, materials weakestDollar, gold, crude inch up; bitcoin down >3%US 10-Year Treasury yield edges up to 4.10%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can sh...Reuters
Mon, Nov 3
IAC down after missing quarterly revenue estimates
Shares of media and internet company IAC IAC.O fall 13.7% to $28.10 after the bellIAC reports Q3 revenue $589.8 million, down 8%, below estimates of $601.6 million, according to data compiled by LSEGCompany's search unit reports a 41% decline in third-quarter revenueIAC now sees annual adj. EBIT...Reuters
Mon, Nov 3
Palantir gains on upbeat sales forecast
Shares of Palantir Technologies PLTR.O up 3.8% at $214.97 in extended tradingPLTR expects Q4 sales between $1.327 bln and $1.331 bln, compared with analysts' estimate of $1.19 bln - data compiled by LSEGCompany lifts 2025 sales forecast to a range of $4.396 bln to $4.40 bln, from its earlier exp...Reuters
Mon, Nov 3
US STOCKS-S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
Kimberly-Clark to acquire Kenvue for more than $40 billionUS manufacturing activity contracts in OctoberFed officials offer conflicting viewpoints regarding a December rate cutBy Stephen Culp NEW YORK, Nov 3 - The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-re...Reuters
Mon, Nov 3
EMERGING MARKETS-LatAm assets start November strong; Brazil, Mexico rate calls loom
Brazil and Mexico rate decisions due this weekArgentina's agro export revenue plunges in OctoberChile's economic activity up 3.2% in SeptemberBy Nikhil Sharma and Sukriti Gupta Nov 3 (Reuters) - Latin American assets opened November on a strong footing on Monday, kicking off a pivotal wee...Reuters
Mon, Nov 3
GLOBAL MARKETS-Stock indexes climb after Amazon-OpenAI deal; dollar up slightly
Dow lower; S&P 500 and Nasdaq upDollar up slightly; some Fed officials express discomfort with rate cutsEarnings focus on tech firmsBy Caroline Valetkevitch NEW YORK, Nov 3 (Reuters) - Most major stock indexes were higher on Monday following news Amazon.com AMZN.O will supply cloud-computing ...Reuters
Mon, Nov 3
Sable Offshore sinks after Exxon Mobil loan extension, equity raise plans
Sable Offshore's SOC.N shares sink as much as 28.6% to record low $7.47 on Mon after co announced it would extend a loan with Exxon Mobil XOM.N and plans to raise $225 mln of equity Houston, Texas-based oil driller said early Mon it's extending the maturity of a term loan with XOM to the ear...Reuters
Mon, Nov 3
US STOCKS-S&P 500, Nasdaq boosted by Amazon-OpenAI deal; Fed path forward grows murky
Indexes: Dow down 0.42%, S&P 500 up 0.24%, Nasdaq up 0.57%Kimberly-Clark to acquire Kenvue for more than $40 billionUS manufacturing activity contracts in OctoberFed officials offer conflicting viewpoints regarding a December rate cutBy Stephen Culp Nov 3 - The S&P 500 and the Nasdaq adva...Reuters
Mon, Nov 3
U.S. STOCKS ON THE MOVE-Eli Lilly, Palantir, Tesla
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8The S&P 500 and Nasdaq were poised to kick off November on firmer ground on Monday, driven by optimism around AI demand and a U.S.-China trade truce, while Kenvue shares soared after Kim...Reuters
Mon, Nov 3
