ADVFN US – Market Content Editor
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Tech Selloff Drags Nasdaq Down as Meta Slides and Oil Climbs; Dow Holds Flat
Wall Street ended Thursday sharply split. A heavy selloff in technology and chip stocks pulled the Nasdaq and S&P 500 lower, while the Dow Jones Industrial Average managed to finish essentially unchanged thanks to gains in more defensive, slower-growth companies. Renewed worries about how much money is being spent on artificial intelligence, along with oil…
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Kering ADRs Slide as Gucci Sales Fall 6% Despite In-Line Third-Quarter Revenue
Kering posted in-line Q3 revenue, but Gucci sales fell 6%, worse than expected. Here’s what it means for the luxury group’s turnaround.
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L’Oréal Third-Quarter Sales Beat Forecasts as Premium Haircare and Skincare Accelerate
L’Oréal (EPA:OR) grew Q3 sales 7.7% on an adjusted like-for-like basis, beating forecasts. Here’s what the beat means for investors.
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PepsiCo Renews Taco Bell Beverage Deal Through 2036 After Losing KFC to Coca-Cola
PepsiCo extended its Taco Bell beverage deal through 2036, a week after KFC chose Coca-Cola. Here’s what it means for investors.
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Skydance Stock Reverses Early Gain After Report of $1 Billion Elon Musk Investment
Skydance erased a 6% gain after Semafor reported a $1 billion Elon Musk investment. Here’s what it means for the debt-heavy media giant.
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Moderna Stock Plunges as Apparent Leak Reveals Phase 3 Melanoma Vaccine Data
Moderna fell as much as 25% after apparent Phase 3 melanoma vaccine data with Merck surfaced early. Here’s what it means for investors.
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How Much Risk Does CoreWeave’s Debt Selloff Pose to Global Banks? J.P. Morgan Sees Limited Exposure
Why has CoreWeave’s debt come under pressure? CoreWeave (NASDAQ:CRWV) experienced a decline in its share and bond prices last week as investors reassessed the financing requirements of artificial intelligence infrastructure companies. The NVIDIA-backed cloud computing provider has accumulated substantial debt to support the expansion of its computing infrastructure, raising questions about the timing of investment…
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What Is the Biggest Obstacle to a SpaceX-Tesla Merger? JPMorgan Points to China
Why does JPMorgan consider Chinese regulatory approval the main obstacle to a SpaceX-Tesla merger? JPMorgan believes obtaining regulatory approval in China could represent the most significant challenge to a potential merger between Tesla (NASDAQ:TSLA) and SpaceX, outweighing the difficulties associated with securing support from Tesla shareholders. In a research note published Wednesday, JPMorgan analyst Rajat…
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US Stock Futures Drop After Tesla, Meta & IBM Earnings Drop: Dow Jones, S&P and Nasdaq Futures
U.S. index futures point to a sharply lower open on Thursday as investors take profits from Tesla, Meta, and IBM following earnings, alongside growing AI capital spending concerns. Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a sharply lower open on Thursday, with stocks likely to give back ground after trending higher…
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U.S. Jobless Claims Drop to 194K vs. 200K Expected in Surprise Labor Market Strength
U.S. initial unemployment claims fell to 194,000 for the week ended Oct. 17, beating expectations as layoffs remain near multi-decade lows. First-time claims for U.S. unemployment benefits unexpectedly declined in the week ended October 17th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 194,000,…