US:

  • Quantum-Si shares surged by 112% following an expanded collaboration with SkyWater Technology.
  • Auburn National Bancorporation's stock rose by 11%, and Nauticus Robotics saw a 26% increase after announcing plans to integrate its software on a remotely operated vehicle.
  • Fabrinet's stock decreased by 6%.
  • TJX Cos and Walmart have raised their annual profit forecasts, benefiting from strong consumer demand and strategic discounting, despite a broader retail environment facing the slowest holiday shopping growth in six years.
  • Pfizer's Hympavzi, a treatment for severe hemophilia A and B, has received marketing authorization from the European Commission, while the company also appointed Chris Boshoff as Chief Scientific Officer and President of Research & Development, effective January 1, 2024, and faced a setback as a federal judge denied their attempt to recover $75.2 million from an SEC insider trading settlement.
  • Alphabet Inc. Google is under scrutiny with new EU investigations and DOJ pressures to sell Chrome over monopoly concerns, while also investing in AI with KPMG and seeing its stock rise along with other tech companies.
  • Keysight Technologies reported better-than-expected fiscal Q4 earnings and revenue, surpassing estimates with a non-GAAP EPS of $1.65 and revenue of $1.29 billion, and provided a positive Q1 outlook with expected EPS between $1.65 and $1.71 on revenue of $1.265 to $1.285 billion.
  • Target Corporation's shares plummeted after reporting lower-than-expected Q3 earnings and revenue, leading to a decline in consumer stock indices, despite raising its FY2024 EPS guidance.
  • Comcast is planning a tax-free spinoff of its NBCUniversal cable networks, including MSNBC and CNBC, into a new publicly traded company, aiming to generate $7 billion in revenue.
  • Dolby Laboratories reported better-than-expected Q4 earnings, provided optimistic guidance for Q1 and fiscal 2025, and declared a dividend, despite a slight miss in Q4 revenue against Street estimates.
  • NIO's third-quarter financial results revealed a widened net loss due to lower revenue and intense price competition in China's EV market, despite a narrowed adjusted loss.
  • Ford Motor plans to cut 4,000 jobs, or 14% of its European workforce, primarily in Germany and the U.K., by the end of 2027 due to the shift towards electric vehicles and increasing competition.

Today's main earnings report: Nvidia, due after the close

Europe and Asia:

  • Grifols turned down a takeover offer from Brookfield Capital Partners, believing the bid undervalued the company.
  • Sage Group's shares soared by 18.99% after reporting a significant increase in annual net profit and announcing a share buyback program.
  • The head of Volkswagen' s North American division resigns.
  • Symrise launched a cash tender offer at 350 kronor per share for Probi, valuing the Swedish probiotics company at 3.99 billion kronor.
  • Nokia rebounds after T-Mobile US says it has no plans to end its partnership, contrary to rumors that had been circulating.
  • Inditex increases the number of flights from India to avoid shipping delays, according to Reuters.
  • IBEX buys back its shares in Resource Group International for $70 million.
  • Sage Group reports a 21% increase in profits.
  • The WHO approved a second mpox vaccine (produced by Japan's KM Biologics) for emergency use, following that of Bavarian Nordic.
  • Glencore teams up with Ceibo to improve copper extraction at its Lomas Bayas mine in Chile.
  • SGS confirms its outlook for fiscal 2024.
  • EFG International reports lower 10-month net profit.
  • Arbonia appoints new CEO.
  • Shares in Seven & i soar after the founding family announces its intention to complete the takeover within the current fiscal year (i.e. by next March).
  • Kadokawa shares jump 16% after the announcement of negotiations with Sony.
  • Amcor to acquire Berry Global in all-share merger.
  • Tesla denies autonomous driving license rumors with SAIC Motor.