ServiceNow (NYSE: NOW) started this week on weak footing following reports that the workflow automation company is in advanced talks to take over Armis Security. NOW is reportedly willing to pay nearl... ...

US stocks edged lower on Tuesday as investors assessed the long-awaited November employment report. The S&P 500 slipped 0.1%, the Nasdaq Composite declined roughly 0.2%, and the Dow Jones Industrial Average traded near unchanged. ...

The IREN stock price made a strong bearish breakout on Monday as it plunged to its lowest level since September this year. It has now erased some of the gains it made a few months ago when it jumped f... ...

Employment Data - US employers added 64,000 jobs in November, exceeding economists' expectations of a gain of 50,000 [1] - The unemployment rate rose to 4.6%, up from 4.2% a year earlier [1] - The increase in nonfarm payrolls followed a revised decline of 105,000 in October after a surprise increase of 119,000 in September [1] Sector Performance - Job gains in November were concentrated in health care and construction sectors [6] - Health care employment rose by 46,000, consistent with its average monthly growth over the past year [7] - Construction employment increased by 28,000, primarily driven by nonresidential specialty trade contractors [7] - Social assistance employment added 18,000 jobs, mainly in individual and family services [8] Unemployment Trends - Teenagers experienced a notable increase in joblessness, with the unemployment rate rising to 16.3% [4] - Short-term unemployment climbed by 316,000 to 2.5 million, while long-term unemployment remained stable at 1.9 million [5] Economic Indicators - Retail sales were unchanged in October, indicating a cooling in consumer spending [11] - The flat retail sales figure follows a modest 0.1% increase in September, highlighting a moderation in demand compared to earlier in the year [12] - Monthly retail sales growth averaged around 0.5% through much of 2024, suggesting a slowdown in economic growth [12] Labour Market Dynamics - Labour supply growth has slowed, contributing to the unemployment rate not rising more sharply despite softened labour demand [9] - Policies targeting immigration have reduced the number of job seekers, easing pressure on employers to expand hiring [9] - The combination of muted job growth, a rising jobless rate, and data uncertainty presents a complex picture for policymakers [10]

Two of Wall Street's most influential technology analysts have laid out aggressive bull-case scenarios for Alphabet and Microsoft. They argued that accelerating artificial intelligence adoption could ... ...

Core Viewpoint - The ARKK ETF has significantly outperformed other funds, including those tracking the Nasdaq 100 and S&P 500 indices, with a total return of approximately 40% this year, compared to 20% for QQQ and VOO [1] Performance Comparison - ARKK ETF's total return this year stands at around 40% [1] - In contrast, the Nasdaq 100 (QQQ) and S&P 500 (VOO) have each returned about 20% [1]

Economic Indicators - The November employment report is a critical economic indicator that could influence Federal Reserve policy decisions, with expectations of a significant slowdown in hiring, projecting nonfarm payrolls at just 50,000, down from September's 119,000 [3] - The unemployment rate is anticipated to rise to 4.5% from September's 4.4% [3] Market Performance - Wall Street's three major indexes ended Monday in negative territory, primarily due to significant selling pressure in artificial intelligence stocks, with Broadcom down 5.6%, ServiceNow down 11.5%, and Oracle down 2.7% [4] - Global equities tumbled on Tuesday as investors grew cautious ahead of critical US economic data releases, with Europe's Stoxx 600 falling 0.2% and Japan's Nikkei 225 dropping 1.6% [8][9] Company-Specific Developments - Broadcom projected a 100 basis point compression in gross margins for some AI chip systems, despite forecasting AI revenue to reach $8.2 billion this quarter [5] - Oracle raised its capital expenditure guidance to $50 billion from $35 billion but revealed debt-fueled funding constraints that spooked investors [5] - Ford announced a $19.5 billion charge as it restructures its electric vehicle strategy, discontinuing the next-generation F-150 Lightning and ending a $6 billion battery joint venture with SK On, shifting focus toward hybrid vehicles and extended-range electric options [5][6]

Broadcom stock (NASDAQ: AVGO) slid sharply following the company's fourth-quarter results and guidance last week. The recent crash erased recent gains and triggered a debate on whether this pullback i... ...

FactSet stock price has crashed this year, mirroring the performance of other companies in the data services industry like MorningStar. FDS has dropped by 41% from its highest level in November, lower... ...

Core Insights - Prediction markets are identified as one of the fastest-growing revenue streams in the fintech sector, as per analysis from Citizens Financial Group cited in a Bloomberg report [1] Industry Overview - The rise of prediction markets indicates a significant shift in how financial technology is evolving, with increasing user engagement and investment potential [1] - These platforms enable users to bet on the outcomes of various events, which is attracting both individual and institutional investors [1] Financial Implications - The growth in prediction markets is expected to contribute substantially to the overall revenue of fintech companies, highlighting a lucrative opportunity for investment [1] - As these markets mature, they may also influence traditional financial models and investment strategies [1]