Stock Markets, Business News, Financials, Earnings

Wall Street Indexes Lacked Direction After Nonfarm Payrolls Report Supported Higher-for-Longer Rate Case Feb 7
Wall Street indexes were little changed after nonfarm payrolls increased at a slower pace in January, but wage growth in the month stayed sharply ahead of the Fed's inflation goals. PINS AMZN HSY
Positive Earnings Keep Market Rally Intact Across Atlantic, BoE Lowered Bank Rate Feb 6
Wall Street indexes advanced for the third consecutive day as investors reviewed a batch of positive corporate earnings and updates. The Bank of England lowered its benchmark rate by 25 basis points. German factory orders and eurozone retail sales declined in 2024.

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U.S. Movers: Amazon.com, Expedia, Hilton, Verisign Feb 7
Amazon.com reported strong quarterly results, but the company offered a muted sales growth estimate for the current quarter. Expedia estimated annual gross bookings to increase between 4% and 6%. Hilton Worldwide forecast unit growth between 6% and 7% in 2025. AMZN EXPE HLT VRSN
U.S. Movers: Cognizant, Costco, Toyota Motor, Yum Brands Feb 6
Costco said January same-store sales rose at a healthy pace. Toyota Motor revised higher its annual sales estimate but guided lower unit sales in the fiscal year ending in March. Cognizant offered a cautious revenue growth outlook. CTSH COST TM YUM

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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 Growth Slowed by Solid In January, Wage Growth Supports Fed's Rate Case Feb 8
Wall Street indexes were little changed after nonfarm payrolls increased at a slower pace in January, but wage growth in the month stayed sharply ahead of the Fed's inflation goals.
U.S. Trade Deficit Widened In December and 2024 as Businesses Front Load Shipments Feb 5
U.S. international trade expanded in 2024, but imports rose at a faster pace than exports, resulting in higher trade deficits in 2024.

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Heidelberg Materials Enlarges U.S. Footprint with Giant Cement Acquisition Nov 28
Heidelberg Materials agreed to acquire the U.S.-based Giant Cement and its subsidiaries from Mexican billionaire Carlos Slim controlled company listed in Spain.
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

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European Markets Extend Weekly Advances, German Exports and Imports Drop In 2024 Feb 7
European markets extended their weekly advance a day after the Bank of England lowered its key lending rate by 25 basis points as widely expected. Germany's international trade shrank in 2024 amid weak domestic demand and rising global competition.
European Markets Hovered Near Record Highs, German Factory Orders Rebounded Feb 6
European markets advanced after investors shifted their focus to a fresh batch of earnings. German factory orders rebounded in December, driven by a surge in volatile transportation orders.

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Europe Movers: Ashmore, Danske Bank, Henkel, Iveco, Legal & General Feb 7
Iveco NV signaled a possible spinoff of its defense business. Ashmore reported a sharp decline in half-year profit. Legal & General agreed to sell its U.S. insurance unit to Japan's Meiji Yasuda Life.
Europe Movers: Amundi, Assa Abloy, L'Oreal, Novo Nordisk, Siemens Healhineers, Vestas Feb 6
Arm Holdings narrowed its annual sales outlook. Vestas Systems announced a stock buyback plan. Assa Abloy increased its dividend payout.

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Nikkei 225 Halted 3-Day Rally, Household Spending Expanded In December but Fell In 2024 Feb 7
Japan's benchmark indexes trimmed weekly advance after indexes halted a three-day rally. Household spending expanded at the fastest pace in December, but in real terms fell for the second consecutive year in 2024.
Tech Rally Powered Weekly Gains In China and Hong Kong Indexes Feb 7
The Hang Seng index extended its weekly advance to 5%, and the CSI 300 index gained nearly 2%, driven by the sustained rally in tech stocks.

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India Movers: Britannia, Bharti Airtel, Cochin Shipyard, Hero Motocorp, ITC, MRF, NCC, State Bank of India, Trent Feb 7
Bharti Airtel reported a five-fold increase in quarterly earnings. Trent Ltd. reported a surge in revenue and earnings, and the company plans to optimize store operations. State Bank of India said quarterly earnings rose on lower provisions for bad loans.
India Movers: Info Edge, Kansai Nerolac, Reliance Power, Solar Industries, Swiggy, Vipul Ltd., Zydus Wellness Feb 6
Page Industries said quarterly profit soared 34%. Kansai Nerolac reported flat revenue and earnings before exceptional items. Swiggy reported net losses expanded in the latest quarter. Reliance Power said quarterly income swung to a profit from a loss a year ago.

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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