Public Markets 3d Briefing
×Market Moves
The S&P 500 fell sharply wsj.com after volatile trading, marking its first two-week loss since June. Gold edged higher in the early morning Asian session on possible position adjustments, while oil gained as traders weighed the odds of a nuclear agreement between the US and Iran ahead of talks on Thursday. The S&P 500 ended lower bloomberg.com after volatile trading, extending a loss in the previous session.
Deals & M&A
Raistone Capital bloomberg.com filed for liquidation after being done in by the collapse of auto parts supplier First Brands Group. Entrata bloomberg.com is working with Goldman Sachs and JPMorgan on an IPO, while Elevance Health’s president emphasized utilization as a key driver of rising healthcare costs.
Earnings & Guidance
Boston Beer reported lower fourth-quarter revenue and warned that shifting tariff policies could significantly impact its guidance. Cava saw revenue rise 21% on higher prices and new restaurant openings. Lucid cut its US workforce bloomberg.com by 12% to reduce costs by about $500 million over three years.
AI Impact
AI-linked fears roiled some corners of Wall Street after years of hype and gains, while Nvidia’s stake in Applied Digital and Arm Holdings surged over 7,200% since its IPO. Cavar wsj.com’s fourth-quarter sales rose on higher prices and new restaurant openings.
Macro & Policy
Japan may intervene to buy yen yahoo.com amid speculation. The US Federal Reserve’s rate hold reduced expectations for near-term cuts, while Ecuador bloomberg.com eyed a $4B bond sale return.
Corporate Moves
Honda ft.com suspended operations at its Mexican plant over cartel violence. Mercado Libre investing.com shares rose as revenue beat estimates, while Workday forecasted up to 13% subscription growth.
Tech & Innovation
The Nasdaq bounced back after AMD-Meta deal on AI chips, while First Solar wsj.com posted higher profit on increased revenue. Core Weave bloomberg.com sought an $8.5B loan from banks including Morgan Stanley to finance Meta cloud capacity.
Finance & Markets
Bof A investing.com upgraded Smucker but cut General Mills on slower recovery. Stripe ft.com valuation soared to $159B in a share sale, while HP wsj.com dialed down fiscal-year expectations due to memory chip costs.
International
Telecom Italia bloomberg.com set a €400M stock buyback and reverse split. China bloomberg.com evaluated Trump’s tariff ruling, while Japan bloomberg.com’s corporate governance code revision aimed to free $840B in cash.
Summary
Market volatility persisted amid AI fears, tariff uncertainties, and earnings revisions. Gold and oil fluctuated on geopolitical risks, while tech stocks rebounded on AI deals. Corporate restructurings and geopolitical tensions continued to shape investor sentiment.