49 minutes ago
Microsoft Rises on Sam Altman News
Shares of Microsoft rose more than 1% in the premarket after CEO Satya Nadella said Sam Altman, the ousted OpenAI chief, will lead a team within the tech giant to research artificial intelligence.
“We look forward to taking action quickly and providing them with the tools needed for their success,” Nadella said in a post on social media platform X. “We remain committed to our partnership with OpenAI and are confident in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and to continue to support our customers and partners.”
– Fred Imbert
3 hours ago
European shares start the week mixed
European shares were mixed early on Monday, with the Stoxx 600 down 0.09% at 8:33 a.m. in London.
Britain’s FTSE 100 and Germany’s DAX were down 0.3% and 0.2% respectively, while France’s CAC 40 was 0.2% higher.
Retail stocks rose 0.75%, in a week when strong sales are expected as consumers increase sales on Black Friday.
Stoxx 600 index.
10 hours ago
China keeps interest rates on one- and five-year loans unchanged for November
China’s central bank has maintained interest rates for one- and five-year loans at 3.45% and 4.2% for November.
This is the third month in a row that the People’ Bank of China has held the one-year LPR, after cutting it from 3.55% to 3.45% in August.
The five-year LPR, meanwhile, has been held at 4.2% for five consecutive months, having last been cut from 4.3% in June.
– Lim Hui Jie
11 hours ago
Earnings preview: Here are the top companies reporting this week
From big tech names to a slew of specialty retailers, here are the biggest names reporting earnings this week:
- Monday: Agilent Technologies, Zoom Video Communications, Keysight Technologies, Trip.com
- Tuesday: Nvidia, Lowe’s, Medtronic, Analog Devices, Autodesk, HP, Best Buy, Dick’s Sporting Goods, Burlington, Abercrombie & Fitch, American Eagle Outfitters, Urban Outfitters, Kohl’s
- Wednesday: Deere & Company
- Thursday: Johnson Controls International, Aegon
- Friday: H World Group
– Pia Singh
12 hours ago
Stock futures open little changed
Stock futures opened largely flat on Sunday, with all major averages heading into a shortened trading week after their third straight winning performance.
Dow and S&P 500 futures were essentially flat, while Nasdaq futures fell 0.1%, or 19 points.
– Pia Singh