Stock Markets, Business News, Financials, Earnings

World Stock Markets Turn Lower as Prolonged Middle Eastern Conflict Escalates Into Regional War Oct 3
Crude oil soared 5% as Israel prepared to attack Iran that could target its oil infrastructure and escalated its offensive in Lebanon and Gaza.
U.S. Major Indexes Struggle After Crude Oil Extends Weekly Gains to 5% Oct 3
Stocks on Wall Street faced selling pressure as investors weighed the strength in the service sector in September with the fast-escalating tensions in the Middle East. LEVI NVDA BAC XOM

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U.S. Movers: Bank of America, Berkshire Hathaway, Oil Complex Stocks, Hims & Hers, Levi Strauss, Nvidia, Oct 3
Berkshire Hathaway trimmed its Bank of America holding to 10.2%. Oil complex stocks extended weekly gains amid escalating tensions in the Middle East. Levi Strauss reported mixed results. XOM CVX LEVI NVDA BAC
U.S. Movers: China ADRs, Eli Lilly, Nike, Tesla Oct 2
Nike withdrew its annual outlook and reported weaker-than-expected quarterly results. Tesla reported higher production and deliveries of electric vehicles in the third quarter. Eli Lily announced its plans to nearly double its investment in a new research and manufacturing facility in Indiana. NKE TSLA BABA LLY

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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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U.S. Job Openings Increased, Quits Dropped In August Oct 1
U.S. job openings increased in August, and both the number of hires and separations changed little, and within separations the number of quits trended down to the lowest since August 2020.
U.S. New Single-family House Sales Dropped In August Sep 25
Single-family house sales in August declined from the previous month, driven by the decline in the West, Northeast, and Midwest but an increase in the South.

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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
ConocoPhillips Agreed to Acquire Marathon Oil In All-Stock $22.5 Billion Deal May 29
The all-stock deal is expected to be immediately earnings-accretive to ConocoPhillips, and the third-largest oil company in the U.S. plans to raise dividends and announced a stock repurchase plan. MRO COP

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Eurozone Private Sector Activities Contracts for the First Time In Seven Months, Swiss Inflation Drops to 3-Year Low Oct 3
European markets traded down amid rising tensions in the Middle East and uncertainty related to the U.S. port workers strike. Eurozone private sector activities contracted for the first time in seven months. Swiss consumer price inflation dropped to a three-year low.
European Indexes Wavered as Crude Oil Jumped 3%, Eurozone Jobless Rate Held Steady at Record Low Oct 2
European market indexes wavered amid rising fears of a wider war in the Middle East, which could potentially disrupt international trade in crude oil and manufactured goods. The jobless rate in the Euro Area held steady at a record low in August.

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Europe Movers: Alstom, British Land, Lanxess, Lufthansa, SAP, Tesco, Vonovia Oct 3
Tesco reported higher revenue and earnings in the first half and lifted its annual outlook. Vonovia confirmed steady cash inflow in the current year. Alstom won a large order for 12 high-speed trains. British Land plans to acquire several retail parks and finance the purchase through a secondary stock offering.
Europe Movers: Energy Stocks, GEA Group, JD Sports, TotalEnergies, Wizz Air Oct 2
TotalEnergies announced a large investment in an oil exploration block off the coast of the Republic of Suriname. JD Sports reported record sales in the latest period and reiterated its annual outlook.

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Japan Stocks Brave Ahead Despite Growing Turmoil In Middle East Oct 4
Japan indexes extended weekly gains to 1.5% as fears of an imminent rate hike receded. The yen drifted lower after the unexpected comments from the newly appointed prime minister supported a gradual increase in interest rates. Shipping companies plunged nearly 10% amid rising violence in the Middle East.
Tech and Property Stocks Power Hong Kong Stock Rally for the Third Consecutive Week Oct 4
Hong Kong market indexes extended gains for the third week in a row as the stimulus rally remained popular with retail and institutional investors.

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India Movers: Ashok Leyland, Bank of Baroda, Biocon, Ola Electric, Piramal Enterprises, Refex Industries, Reliance Power Oct 4
Biocon's subsidiary completed a senior secured notes offering and raised $1 billion. Ashok Leyland struck a partnership with Japan-based Nidec Corp. Reliance Power is planning to sell about $500 million of foreign currency convertible notes yielding 5%.
India Movers: Adani Power, Blue Star, Eicher Motors, Godrej Properties, HCL Technologies, NTPC, Reliance Power Oct 3
Adani Power agreed to acquire Dahanu Power Station. Reliance Power and Reliance Infrastructure formed a partnership with a Bhutan-based company to develop solar and hydropower plants. The Godrej Properties board approved the company's plans to raise capital to finance its real estate projects.

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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