Public Markets 3d Briefing
×Market Moves
US stock futures wsj.com fell as tariff uncertainty weighed on global markets after the Supreme Court's ruling against large swathes of Trump's tariff regime. Novo Nordisk investing.com shares plunged after its obesity drug fell short of a rival in clinical trials. PayPal investing.com extended its rally following reports that Stripe eyes all or parts of the company.
Tech & AI Sector
The AI trade punished Big Tech stocks but spared Apple finance.yahoo.com from the selloff. Core Weave bloomberg.com seeks an $8.5 billion loan from banks backed by its Meta deal to finance cloud computing capacity expansion. SK Hynix finance.yahoo.com boss pledged to boost output of AI memory chips amid surging demand.
Earnings & Corporate News
Boston Beer wsj.com posted lower fourth-quarter revenue and warned that shifting tariff policies could significantly impact its annual guidance. HP wsj.com dialed down fiscal-year expectations as memory prices drove up costs. Lucid Group wsj.com reported higher fourth-quarter revenue as EV production and deliveries ramped up.
IPO & Deal Activity
This year was supposed to be a blockbuster for technology offerings, but the AI-induced tech selloff wsj.com spoiled the IPO parade. Entrata wsj.com is working with Goldman Sachs and JPMorgan on an IPO. Wisdom Tree bloomberg.com received SEC approval for a 24/7 tokenized money market fund.
Macro & Policy
Federal Reserve Bank of Boston President Susan Collins bloomberg.com said interest rates are likely to stay unchanged "for some time" as recent economic data shows improvement in the labor market. Traders in US futures and options markets are betting on Fed rate cuts bloomberg.com spilling into 2027. New Zealand retail spending bloomberg.com beat estimates as the economy recovered.
International Markets
A new revision to Japan's corporate governance code may free up some of the $840 billion in cash held by listed companies and drive another wave of Japanese stock market buying bloomberg.com. The rupee's recent rebound bloomberg.com from a record low may be fleeting, with analysts predicting renewed weakness on inadequate foreign inflows. European AI chip startup Axelera finance.yahoo.com raised an additional $250 million.
Commodities & Energy
Copper bloomberg.com jumped as China traders cheered the prospect of lower US levies. US natural gas bloomberg.com fell to a five-month low as forecasts shifted warmer, indicating lower demand for heating and power-plant fuel. Woodside investing.com shares hit an 18-month high after its full-year results and dividend announcement.
Financial Sector
Thomson Reuters bloomberg.com became the latest AI winner after its legal tools earned kudos from AI juggernaut Anthropic PBC. Blue Owl Capital bloomberg.com faces warnings about deeper cracks in the $1.8 trillion private credit industry. Millennium Exit bloomberg.com spawned two new hedge funds seeking $1.4 billion in assets.
Legal & Regulatory
A senior US senator opened an inquiry into crypto exchange Binance Holdings bloomberg.com following news reports of its involvement in funneling nearly $2 billion to Iranian government groups. The Trump administration set preliminary duties as high as 146% on solar imports from India bloomberg.com after determining the countries unfairly subsidized manufacturing.
Consumer & Retail
Cava wsj.com fourth-quarter sales rose on higher prices and new restaurant openings, with revenue up 21%. Amer Sports bloomberg.com dropped after flagging investment costs in its Salomon footwear brand. Air France-KLM and hotelier Accor SA bloomberg.com will need to pay bond penalties to bondholders for failing to meet greenhouse gas targets.
Market Analysis
Dan Loeb bloomberg.com said the "lost art of short selling" is making a comeback as opportunities emerge to bet against crowded trades. Boaz Weinstein warned that "wheels are coming off" private credit funds. Morgan Stanley investing.com upgraded two stocks on an AI-led ABF substrate up-cycle.
European Markets
European stocks investing.com were mostly lower on more trade uncertainty, with Novo Nordisk plunging. Telefonica wsj.com net loss widened on restructuring costs, though adjusted earnings rose after growth in its home market and Brazil. Telecom Italia bloomberg.com proposed an up to €400 million stock buyback and a 1-for-10 reverse stock split.
Emerging Markets
Indian Rupee needs stronger foreign inflows to sustain its rebound from record lows. Australian beef bloomberg.com will keep its exemptions from Trump's tariff regime, industry sources say. Hong Kong bank bloomberg.com tries to sell a mansion it bought at a huge discount as the luxury real estate market swings back to life.