Public Markets 3h Briefing
×Market Performance
Boston Beer wsj.com reported lower fourth-quarter revenue as shifting tariff policies could significantly impact its annual guidance. Cava wsj.com saw revenue rise 21% driven by higher prices and new restaurant openings, while Lucid Group wsj.com posted higher fourth-quarter revenue as electric vehicle production and deliveries ramped up. HP wsj.com dialed down fiscal-year expectations due to rising memory chip costs, sending shares lower after hours. First Solar wsj.com posted higher fourth-quarter profit on increased revenue but missed analyst expectations for 2025 guidance.
Tech Sector Developments
Nasdaq wsj.com bounced back following the AMD-Meta deal on AI chips as investors sought clarity on tech sector shifts. Workday investing.com forecasted up to 13% subscription revenue growth but saw shares fall 6%. JFrog finance.yahoo.com shares soared on strong market performance. Meanwhile, AI-induced selling wsj.com spoiled the IPO parade as this year's technology offerings faced headwinds from the sector's volatility.
Market Sentiment & Policy
PayPal investing.com extended its rally after reports that Stripe eyed all or parts of the company. Mercado Libre investing.com shares rose as revenue beat estimates. Fed officials finance.yahoo.com don't see major upheaval from artificial intelligence, while Fed's Collins bloomberg.com said rates are likely on hold "for some time" given improving labor market conditions. Bond traders bloomberg.com are betting on Fed rate cuts spilling into 2027, piling on positions that anticipate continued monetary easing.
Corporate Governance & Capital Markets
A new revision bloomberg.com to Japan's corporate governance code may free up $840 billion in cash held by listed companies, potentially driving another wave of Japanese stock market buying. Core Weave bloomberg.com seeks an $8.5 billion loan from banks including Morgan Stanley and MUFG to finance cloud computing capacity for Meta Platforms. Wisdom Tree bloomberg.com received SEC approval for a 24/7 tokenized money market fund, marking a new breed of fund on Wall Street.
Regulatory & Industry News
A senior US senator bloomberg.com opened an inquiry into Binance Holdings following reports of its involvement in funneling nearly $2 billion to Iranian government groups. Top Chinese chipmakers finance.yahoo.com plan to boost advanced chip output according to Nikkei reports. Citrini founder bloomberg.com expressed shock that his AI prediction spurred a stock selloff, highlighting market sensitivity to AI-related commentary.