Public Markets 3d Briefing
×Market Moves
The S&P 500 fell 1.2% wsj.com marking its first two-week loss since June. Entrata wsj.com is working with Goldman Sachs and JPMorgan on an IPO. Hormel Foods wsj.com logged higher profit and revenue in its fiscal first quarter, as steps to improve profitability are starting to yield results. Krispy Kreme wsj.com said fourth-quarter revenue fell after the doughnut company exited lower-traffic distribution points, even as margins improved amid the chain's ongoing turnaround. Shake Shack wsj.com reported higher fourth-quarter profit and said that its sales growth and operational improvements allowed it to maintain margins amid industry headwinds. Bed Bath & Beyond wsj.com narrowed its fourth-quarter loss and said it expects revenue to grow by low- to mid-single digits.
Earnings & Corporate News
TD Bank wsj.com quarterly earnings jumped in the first three months of its fiscal year as the big Canadian lender saw revenue growth across its operations. Royal Bank of Canada wsj.com earnings rose in the first quarter of its fiscal year despite an elevated credit-loss provision, as the lender notched growth in its wealth management, personal banking, and capital markets. Vistra investing.com reported weaker quarterly earnings and offered a 2026 outlook. Warner Bros. Discovery investing.com earnings topped estimates amid an ongoing takeover battle. Gildan Activewear wsj.com set its full-year guidance that fell short of Wall Street expectations after a soft fourth quarter, tempering the lift it expects from its recently closed Hanes Brands acquisition. Baidu wsj.com reported sharply lower profit, with revenue declining for a third straight quarter, as it struggles to transform its businesses in the AI era.
Technology & AI
Nvidia investing.com and JM Smucker investing.com rose premarket while Salesforce bloomberg.com fell. Zoom investing.com fell on earnings miss and weak profit guidance. Nutanix investing.com shares soared 23% on AMD partnership and a solid quarterly report. Qualcomm investing.com gained after Wells Fargo sees up to $7 billion revenue from data center chips. Core Weave bloomberg.com is seeking an $8.5 billion loan from banks backed by a Meta deal to help finance a buildout of cloud computing capacity. Zhipu AI investing.com shares rebounded after tumbling on compute shortage concerns. Ocado ft.com plans to cut 1,000 jobs and restructure its technology unit, warning earnings from its licensing business will be below expectations after clients scale back online grocery plans.
Energy & Commodities
Oil supertankers bloomberg.com became the hottest commodity with a 600% gain as high shipping costs become a cause of concern for oil producers and refiners. Saudi Aramco bloomberg.com outage prompted ships to reroute, sending LPG prices soaring to the highest in almost a year. Eni investing.com beat fourth-quarter profit expectations on strong production. Ferrovial investing.com beat quarterly profit forecasts as a construction surge offset a road miss. Nordex investing.com beat Q4 expectations and raised its medium-term margin target.
Banking & Finance
PayPal investing.com stock surged on takeover interest reports. Allianz bloomberg.com CFO said the company will strive for outperformance and announced a new share buyback program. OTP Bank bloomberg.com is eyeing Central Asia for the next stage of expansion, its CEO said. NCBA bloomberg.com plans to piggyback on its new anchor shareholder Nedbank Group to woo high-net-worth East Africans looking to grow their wealth outside the continent.
Global Markets
Argentine stocks bloomberg.com are missing out on a surge in Latin American equities this year as past market euphoria over President Javier Milei's election victories fizzles out on concern over weak corporate earnings. Indonesia wsj.com raised $4.5 billion to defy fiscal health concerns, pulling off its biggest global bond sale since at least 2017. Abu Dhabi bloomberg.com is set to issue two benchmark-sized dollar bonds in its first foray into debt markets of the year. Nigeria bloomberg.com extended a ban on shea nut exports by a year, reinforcing a drive to curb raw commodity shipments and boost local value addition.
Policy & Regulation
WHO chief bloomberg.com Tedros Adhanom Ghebreyesus said defunding m RNA research is a wrong decision and that the US made a mistake when it pulled funding for research into the technology. The European Central Bank reported bloomberg.com a third straight annual loss, its worst run on record, as the effects of crisis-era policies continue to weigh. ECB President Christine Lagarde vowed bloomberg.com to be "extremely attentive" on AI-driven job cuts. The European Central Bank will closely monitor for any signs that the adoption of artificial intelligence throughout the economy is sparking job losses.
Legal & Corporate Governance
Trafigura fraudster bloomberg.com Arif Harun's monthly living expenses were slashed by 75% at a London court as the trading house stepped up efforts to recover funds. Deutsche Bank ft.com rolled out the red carpet for Jeffrey Epstein, waving through the convicted sex offender's millions despite compliance concerns. World Economic Forum chief Børge Brende wsj.com stepped down after an Epstein probe, with his exit coming after the Davos organizer conducted a review of his past connections with the convicted sex offender.
Market Sentiment
Stock investors bloomberg.com are hedging a drop, with strategists seeing a buy signal as the S&P 500 has been stuck in a range for the better part of four months. Corporate America just delivered one of the strongest earnings seasons in recent memory, but you wouldn't know it looking at the stock market as strong earnings weren't enough to power stocks past AI and credit worries. About 45% of all Bitcoin in circulation are currently valued at below what the owner paid, with holders sitting on losses selling into every bounce.