Stock Markets, Business News, Financials, Earnings

Wall Street Indexes Approach Record Highs as Tech Stocks Rebound Jan 6
Stock market indexes accelerated gains in Monday's trading, and mega-cap tech stocks led the gainers. The yield on the 10-year U.S. Treasury note hovered around 4.6%, and 30-year bonds to 4.85%, a high not seen since October 2023.
Wall Street Indexes Extend Rally Ahead of Labor Market Reports Jan 6
Wall Street indexes traded higher ahead of job market reports later in the week. The yield on the 10-year U.S. Treasury note hovered around 4.59% and approached a seven-month high. NVDA AVGO MU

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U.S. Movers: FedEX, Nike Dec 20
FedEx reported flat revenue and a decline in earnings in its latest quarter and announced its plans to separate its freight business. Nike said higher promotional incentives are likely to negatively impact its gross margins in the current quarter. FDX NKE
U.S. Movers: Darden Restaurants, Lamb Weston, Micron Technology Dec 19
Lamb Weston swung to a quarterly loss after production volumes fell and manufacturing costs rose. Micron Technology offered a weaker-than-expected outlook for the current quarter. Darden Restaurants raised its annual estimate after reporting higher revenue and earnings in its latest quarter. DRI LW MU

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Lululemon Athletica Quarterly Sales Rise 19%, Expands Stock Repurchase Plan Dec 8
The specialty apparel retailer said international sales soared but net income declined. The company board approved an additional stock repurchase plan of $1 billion. LULU
Dollar General Estimated Sales Growth Weakness to Persist Dec 8
The deep discount retailer struggled to control its inventories as customers stayed limited to basic product categories and searched for bargains. DG

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Weakness In Transportation Dented November's New Durable Goods Orders Growth Dec 23
New durable goods orders in November edged lower, driven by the decline in transportation orders.
U.S. New Home Sales Advanced In November, Median and Average Prices Dropped to New 3-Year Lows Dec 23
New home sales in November advanced but stayed well below the five-year average. The median and average sale prices dropped to new lows over the three years to the months.

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Heidelberg Materials Enlarges U.S. Footprint with Giant Cement Acquisition Nov 28
Heidelberg Materials agreed to acquire the U.S.-based Giant Cement and its subsidiaries from Mexican billionaire Carlos Slim controlled company listed in Spain.
AT&T Agreed to Sell Direct TV Stake, Paving the Way to Merge with Dish Tv Sep 30
Dish TV and Direct TV announced a merger after a complex deal with the private equity group TPG, consummating a long-sought merger by the two satellite television companies. T SATS

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European Stock Market Indexes Moderately Higher After Business Activities Improved In December Jan 6
European markets rebounded from Friday's losses after business activities improved in December. The business activities index advanced in December at the fastest pace since March 2023, and the downturn in Italy moderated to a slight contraction. Germany's 10-year bond yield rose and approached a six-month level.
European Markets Struggled to Advance In 2024 Amid Rising Political Uncertainties and Trade Tensions Dec 31
European markets struggled to advance in 2024 amid rising political turmoil in Germany and France, a weakening economic backdrop, and looming trade tensions with the U.S. and China, two key trading partners.

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Europe Movers: Aviva, Direct Line, Knorr-Bremse, Novo Nordisk, Renault, Swisscom Dec 23
Swisscom's acquisition of Vodafone Italia was approved by Italy's industry ministry and competition commission. Renault SA is likely to sell its stake in the merged Honda Nissan entity.
Europe Movers: Banks, Credit Agricole, Delivery Hero, Mining Companies, Vehicle Makers Dec 20
Mining companies headed lower after a lack of progress in China following the previously announced stimulus measures. Banks declined following the weakness in the euro and persistent political turmoil in France and Germany. Vehicle makers headed lower amid rising prospects of higher U.S. tariffs.

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Tokyo Tech Rally Lifts Nikkei 225 1.9%, Yen Approaches 160 Yen Jan 7
The Nikkei 225 stock average and the TOPIX index rebounded, tracking a surge in semiconductor stocks in New York following the quarterly sales update from Taiwan-based Foxconn.
Hang Seng Index Dropped 2% After U.S. Expanded Chinese Military Entities List Jan 7
Tech companies in Hong Kong fell sharply after the U.S. placed CATL, Cosco Shipping, and Tencent Holdings on a potential investment banned list.

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India Movers: Arkade Developers, ICICI Securities, Info Edge, Macrotech Developers, NESCO Jan 7
Macrotech Developers reported record pre-booking for new residential properties in the December quarter. Arkade Developers signed three redevelopment project deals in Mumbai. NESCO won a contract to build and operate wayside amenities on the Bengaluru-Chennai highway.
India Movers: Cigniti, Coforge, Jaiprakash Power, Max Estate, Utkarsh Small Finance Bank, Zydus Wellness Dec 30
Coforge's board agreed to a scheme of amalgamation of its subsidiary Cigniti. Utkarsh Small Finance Bank announced its plan to sell its non-performing loan portfolio with a potential recovery of less than 15%. Max Estate reiterated its full-year revenue outlook amid strong demand for its luxury residential properties in Noida.

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How Can Argentina Regain Growth Momentum and Avoid Dollarization? Mar 25
Argentina’s persistent financial crisis is rooted in its failure to diversify its economic base away from agriculture and mining activities and to ignore its human capital potential for decades.
Is Twitter Dying? Nov 18
The social media platform's rapid rise brought a flood of users from all walks of life. Twitter's popularity also attracted politicians, regulators and investors, all competing to bend the platform to meet their needs. TWTR