News
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PepsiCo to cut prices of Lay's, Doritos as consumers push back
PepsiCo to cut U.S. prices on Lay's, Doritos by up to 15%Tops Q4 results estimates, sticks to annual targetsCEO expects N. America volumes to rise this yearCompany bets on portion control as GLP-1 use growsBy Juveria Tabassum Feb 3 (Reuters) - PepsiCo PEP.O will cut prices on core brands such...Reuters
Tue, Feb 3
PayPal shares sink on CEO exit, disappointing 2026 profit forecast
PayPal shares slump 19%Company names HP's Enrique Lores as new CEOHoliday-quarter profit, revenue miss estimatesProfit forecast for 2026 below expectationsBy Manya SainiFeb 3 (Reuters) - PayPal PYPL.O replaced its CEO Alex Chriss, who was brought in to steer the payments firm through slowing gro...Reuters
Tue, Feb 3
Big Tech Stocks Drop; Nasdaq down 1%; Micron down 4%; ASML, Oracle, Broadcom down 3%; Nvidia, Microsoft down 2%
US stocks extended losses. Nasdaq down 1%; S&P 500 down 0.5%.Big tech stocks fell in Tuesday trading. Micron fell 4%; ASML, Oracle, Broadcom down 3%; Nvidia, Microsoft down 2%; TSMC, AMD, Amazon down 1%.Tiger News
Tue, Feb 3
US natgas companies rise on output decline, increased LNG flows
U.S. natgas futures NGc1 up 1.5% at $3.286 per million British thermal unitsPrices rise driven by a small decline in output, along with increases in gas flows to liquefied natural gas (LNG) export plants and forecasts for more demand this week than previously expectedNatgas companies: CNX Resources ...Reuters
Tue, Feb 3
US STOCKS-Wall St edges higher with earnings deluge in spotlight; Palantir soars
Indexes up: Dow 0.2%, S&P 500 0.07%, Nasdaq up 0.1%Palantir shares gain after quarterly resultsDisney up as parks head Josh D'Amaro named CEOPayPal sees 2026 profit below estimates, shares plungeAMD and SMCI results due after markets close By Pranav Kashyap and Twesha Dikshit Feb 3 (Reute...Reuters
Tue, Feb 3
Argus Research raises PT on oil major Chevron
Argus Research raises PT on Chevron CVX.N to $203 from $183 New PT represents a 16.6% upside to stock's last close Brokerage cites Q4 earnings beat; says CVX has consistently prioritized shareholder returns across various oil-price cycles and is positioned for continued growth following recent p...Reuters
Tue, Feb 3
Allurion rises on plan to offer discounted weight-loss drug Mounjaro in Argentina
Shares of healthcare firm Allurion Technologies ALUR.N rise 6.19% to $1.31Co says it partnered with Argentine companies Bionut and Farmastar to offer discounted access to Eli Lilly's LLY.N weight-loss pill, Mounjaro, alongside ALUR's swallowable Smart Capsule in ArgentinaThe Smart Capsule is...Reuters
Tue, Feb 3
LIVE MARKETS-Hotel operators fire up their AI game as FIFA 2026 ignites booking rush
US equity indexes modestly higher, Dow up 0.3% Euro STOXX 600 index off ~flatDollar ~flat; crude gains; gold rallies ~5%; bitcoin slipsUS 10-Year Treasury yield edges up to ~4.29%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts wi...Reuters
Tue, Feb 3
Disney appoints theme parks head Josh D'Amaro as CEO; shares fall
Walt Disney DIS.N shares fall 1.5% to $103.05Co appoints insider Josh D'Amaro, head of the theme parks division, as CEOD'Amaro to take over from veteran Bob Iger on March 18Iger to continue serving as senior adviser and member of board till his retirement on December 31D'Amaro's annu...Reuters
Tue, Feb 3
Storage Stocks Jump; Western Digital up 7%; Seagate, SanDisk up 3%
Chip storage stocks jumped in Tuesday trading. Western Digital up 7%; Seagate, SanDisk up 3%; Silicon Motion up 2%.Western Digital said on Tuesday its board has approved $4 billion more for share repurchases, as demand for its memory chips used in artificial intelligence servers surges.A global shor...Tiger News
Tue, Feb 3
Western Digital jumps on additional buyback plan
Shares of data storage company Western Digital WDC.O rise 5.7% to $285.72Company authorizes additional $4 billion of share repurchasesIt has ~$484 mln remaining for buybacks as of Monday under prior authorization of $2 bln in May 2025In January, WDC forecast Q3 adjusted revenue of $3.2 bln, plus or ...Reuters
Tue, Feb 3
Enterprise Products rises on Q4 core profit beat
Shares of pipeline operator Enterprise Products EPD.N up 1.5% at $33.59 Company reports Q4 adj. core profit of $2.71 billion compared with analysts' average estimate of $2.57 billion - data compiled by LSEGCompany posts natgas processing plant volumes of 8.1 billion cubic feet per day (Bcf/d) v...Reuters
Tue, Feb 3
US STOCKS SNAPSHOT-S&P 500, Nasdaq open higher as earnings deluge takes center stage
Feb 3 (Reuters) - The S&P 500 and the Nasdaq opened higher on Tuesday, stabilizing after a commodity rout in the previous session, as investors geared up for a flood of corporate results through the week.At 9:30 a.m. ET, the Dow Jones Industrial Average .DJI fell 11.18 points, or 0.02%, to 49,39...Reuters
Tue, Feb 3
CANADA STOCKS-TSX opens higher as gold prices rebound, oil advances
Feb 3 (Reuters) - Canada's main stock index opened higher on Tuesday, led by mining and energy shares, as precious metals bounced back from their steepest two-day slide in decades and oil prices advanced.At 09:31 a.m. ET, the S&P/TSX Composite Index .GSPTSE was up 0.83% at 32,451.53 points.Reuters
Tue, Feb 3
Prelude Therapeutics rises after FDA clears early-stage trial of blood cancer drug
Shares of drug developer Prelude Therapeutics PRLD.O rise 6.85% to $2.13 premarket Company says U.S. FDA has cleared human testing of its experimental drug, PRT12396, for polycythemia vera and myelofibrosis — blood cancers where the body makes too many abnormal blood cellsPRLD says the early-stage...Reuters
Tue, Feb 3
Broadridge gains on FY adjusted EPS growth forecast raise
Shares of fintech firm Broadridge Financial BR.N rise 2.85% to $203.99 premarket Co raises the lower end of its FY26 adj EPS growth forecast to 9% from 8%, while keeeping the higher end at 12%Reports Q2 adjusted profit of $1.59 per share for the three months ended December 31, compared with $1.56 pe...Reuters
Tue, Feb 3
Top Calls on Wall Street: Nvidia, Broadcom, Palantir, SoFi, Affirm, FedEx, Amazon & More
Here are the biggest calls on Wall Street on Tuesday:Piper Sandler names Microsoft a top ideaAfter a change in analyst coverage, the firm says shares of Microsoft are best positioned for AI.“We see Microsoft as perhaps the best pure-play on AI adoption today.”Wells Fargo upgrades FedEx to overweight...Tiger News
Tue, Feb 3
Sangamo Therapeutics slides after $25 million stock sale
Shares of genomic medicine firm Sangamo Therapeutics SGMO.O slide 19% to $0.46 premarketSGMO announces pricing of $25 million stock sale at $0.4719 apieceCompany sold 35.2 million shares and pre-funded warrants to purchase 17.8 million shares in the offeringProceeds from offering to be used for work...Reuters
Tue, Feb 3
Rare Earth Stocks Rise As EU to Offer US Critical Minerals Partnership; Critical Metals, USA Rare Earth up 7%; Energy Fuels, United States Antimony up 5%
Rare earth stocks rose in premarket trading on Tuesday.Critical Metals, USA Rare Earth up 7%; Energy Fuels, United States Antimony up 5%; MP Materials, The Metals Company up 4%.The European Union will pitch the US on a critical minerals partnership to curb China’s influence, looking to shape the Tru...Tiger News
Tue, Feb 3
