US:

  • Nvidia's Q3 earnings exceeded expectations with significant revenue from data centers, yet its Q4 revenue forecast disappointed due to supply chain constraints, affecting stock performance despite strong ongoing demand for its AI chips.
  • Palo Alto Networks reported better-than-expected Q1 2024 revenue and profit, driven by steady demand for its cybersecurity services, raised its FY2025 outlook, and approved a 2-for-1 stock split, although its full-year guidance disappointed some investors.
  • Snowflake raised its annual product revenue forecast, reported better-than-expected Q3 results, and entered a multi-year partnership with AI firm Anthropic, boosting its cloud services and positively impacting the software sector in financial markets.
  • The US Justice Department and several states have demanded that Google sell its Chrome browser to end its monopoly on internet searches, while also facing scrutiny over compliance with the European Union's Digital Markets Act and influencing a drop in tech stocks.
  • Ford Motor Company - In October, EU car sales increased due to rises in Germany and Spain, while Ford announced job cuts in Europe by 2027 due to falling electric vehicle demand, amidst broader industrial sector concerns over trade wars and economic warnings, and unionization efforts at a Ford battery plant in Kentucky.
  • Baidu's third-quarter financial results revealed a 14% increase in profit despite a 3% drop in revenue and missed estimates due to ongoing weak advertising demand, while PDD Holdings also reported lower-than-expected revenue and profit, attributed to weak consumer confidence and heightened competition.
  • Deere & Co reported mixed Q4 results with lower earnings and fluctuating revenues, while forecasting a lower-than-expected profit for 2025 due to declining farm incomes and inflationary pressures.
  • Reddit experienced significant outages affecting nearly 50,000 users due to a software bug, which has since been resolved, alongside news of an insider selling shares worth over $4 million.
  • Target's Q3 earnings miss led to a 21% drop in its stock price, impacting consumer stocks and overshadowing positive consumer spending forecasts for the holiday season despite ongoing inflation concerns.
  • Comcast is set to spin off its NBCUniversal cable networks into a new publicly traded company, aiming to streamline its operations and focus on more profitable ventures.

Today's main earnings reports : Intuit, PDD Holdings, Deere, Copart, Ross Stores, Baidu, KE Holdings, Warner Music Group, Adevinta…

Europe and Asia:

  • New car registrations stagnate at 1.04 million units in Europe in October (ACEA).
  • Novartis raises its annual sales forecast to 2028.
  • Unilever abandons plans to divest its ice cream business and is considering a spin-off.
  • Volkswagen and IG Metall prepare for third round of tense wage negotiations.
  • JD Sports forecasts profits at the lower end of the range.
  • Galderma shareholders invest CHF 1.2 bn in shares.
  • Julius Bär reports growth in net new money in the July-October period. New CEO Stefan Bollinger will take up his post on January 9.
  • Tritax EuroBox shareholders approve sale to Brookfield.
  • Fincantieri awarded contract to deliver five vessels to Norway.
  • Zurich Insurance sets financial targets for 2025-2027.
  • Ryanair threatens to divest regional airports in the event of new taxes.
  • Scatec finalizes the sale of its stake in solar power plants in South Africa.
  • Bachem confirms its short- and medium-term objectives.
  • Peach Property announces a capital increase.
  • Vitec Software expands its portfolio by acquiring Roidu, a software company based in Finland.
  • Adani loses 10% in Bombay after billionaire Gautam Adani and other executives are charged by US courts with involvement in a bribery scheme that may have harmed US investors.
  • Honda hopes to double the range of electric vehicles with solid-state batteries, according to the head of research and development.