Public Markets 3h Briefing
×Market Movers
PayPal investing.com shares extended their rally after reports that Stripe is considering acquiring all or parts of the company. HP wsj.com shares fell after hours as the company dialed down its fiscal-year expectations, citing rising memory chip costs. Mercado Libre investing.com shares rose following revenue that beat analyst estimates, while Workday investing.com shares dropped 6% despite forecasting up to 13% subscription revenue growth.
Tech & AI Impact
The AI-induced tech selloff spoiled the IPO parade wsj.com as this year was expected to be a blockbuster for technology offerings. Core Weave bloomberg.com is seeking an $8.5 billion loan from banks including Morgan Stanley and MUFG to finance cloud computing capacity for Meta Platforms. Two Fed officials don't see major upheaval finance.yahoo.com from artificial intelligence, contrasting with concerns that AI predictions spurred a stocks selloff bloomberg.com.
Corporate Earnings & Guidance
Boston Beer wsj.com posted lower fourth-quarter revenue and warned that shifting tariff policies could significantly impact its annual guidance. Cava wsj.com saw fourth-quarter sales rise 21% on higher prices and new restaurant openings, expecting same-store sales growth to continue. First Solar wsj.com posted higher fourth-quarter profit on increased revenue but issued guidance that missed analyst expectations. Lucid Group wsj.com reported higher fourth-quarter revenue as EV production and deliveries ramped up, planning to boost output in 2026.
Market Sentiment & Policy
Bond traders bloomberg.com are betting on Federal Reserve rate cuts spilling into 2027, piling into futures and options markets. Fed's Collins bloomberg.com said interest rates are likely to stay unchanged "for some time" as recent economic data shows labor market improvement. The Nasdaq bounced back wsj.com after the AMD-Meta deal on AI chips, with investors seeking more clarity on tech sector shifts.
Regulatory & Governance
A new revision to Japan's corporate governance code may free up $840 billion bloomberg.com in cash held by listed companies, potentially driving another wave of Japanese stock market buying. Wisdom Tree bloomberg.com received SEC approval for a 24/7 tokenized money market fund, marking a new breed of fund arriving on Wall Street. A senior US senator opened a Binance probe bloomberg.com into alleged Iran and Russia violations following reports of nearly $2 billion funneled to designated groups.