Author: Fiona Craig
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Amazon and iRobot Merger Abandoned Due To E.U. Opposition
Amazon (NASDAQ:AMZN) and iRobot (NASDAQ:IRBT) have called off their planned merger after E.U. regulators refused to approve the deal. Amazon announced its $1.7bn deal to buy iRobot in August 2022. On Monday, the two companies released a statement saying that the proposed deal “has no path to regulatory approval” in the E.U. David Zapolsky, Amazon…
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Coal Equities Strong
In what has been a tough start to the year for most miners, coal has shone, Jefferies said. “The coal equities came flying out of the gates in what was just a continuation of the very strong performance of 2H23,” Jefferies said, adding that coal’s clear outperformance might not last. “We believe the macro backdrop…
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Futures Pointing To Modestly Lower Open On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly lower open on Monday, with stocks likely to move to the downside after ending last Friday’s holiday-shortened session narrowly mixed. Traders may look to cash in on recent strength in the markets, which has seen the major averages move higher for four…
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North American Morning Briefing: Stock Futures Pull Back as China Data Disappoint
Market Wraps Watch For: New Home Sales for October Amazon.com Today’s Top Headlines/Must Reads: – Investors See Interest-Rate Cuts Coming Soon, Recession or Not – Stock Market Heads Into Year’s End With Serious Momentum – Retailers Have Cleaned Up Their Inventories for the Holidays Opening Call: Stock futures were a touch lower on Monday following…
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North American Morning Briefing: Stock Futures Tread Water With More Fed Speakers Eyed
Market Wraps Watch For: Wholesale Inventories for September; Canada Building Permits for September; Fed speak from Jerome Powell, John Williams, Michael Barr, Phillip Jefferson; Earnings from Disney, Warner Bros, Lyft Today’s Top Headlines/Must Reads: – China Is Becoming a Problem for Investors – We’re Producing Too Much Coal, Oil and Gas, Report Says – Same…
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North American Morning Briefing: Bond Yields, Geopolitics Continue to Take Their Toll
Market Wraps Watch For: Canada Retail Trade for August; American Express earnings Today’s Headlines/Must Reads – Philadelphia Fed President Patrick Harker Discusses the Economic Outlook – The Next Hot Obesity Drug Won’t Be Approved for Years. Online Sellers Hawk It Anyway – There’s a Reason This Bull Market Feels So Weird Opening Call: Stock futures…
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North American Morning Briefing: Stock Futures Slip Ahead of CPI
Market Wraps Watch For: CPI for August; EIA Weekly Petroleum Status Report Today’s Top Headlines/Must Reads: – What to Watch in the CPI Report: Did Inflation Continue to Cool in August? – As OPEC’s Energy Influence Wanes, China’s Minerals Clout Rises – China Denies Ban on Apple’s iPhones Opening Call: Stock futures stalled on Wednesday,…
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North American Morning Briefing: Focus Fixes on Fed, Powell
Market Wraps Watch For: PPI for May; Fed interest-rate decision, economic projection; EIA Weekly Petroleum Status Report; Lennar earnings Today’s Headlines/Must Reads – Stock Market to Fed: You Haven’t Done Enough – American Investment Banks Are Giving Up Some China IPO Mandates – Oil Demand to Peak This Decade as EVs Boom, IEA Says –…