Instacart（CART）周五早盘上涨1.6%。该公司将支付6000万美元退款并改变经营做法，以解决联邦贸 易委员会（FTC）对其误导消费者"免费配送"宣传以及未经明确同意擅自为用户注册订阅服务的指控。 来源：环球市场播报 ...

TikTok and ByteDance - TikTok's parent company, ByteDance, has signed binding agreements to establish a U.S. joint venture that will be majority-owned by American investors, involving partners such as Oracle, Silver Lake, and MGX [3] - The new U.S. joint venture will focus on U.S. data protection, algorithm security, content moderation, and software assurance, operating as an independent entity [4] Instacart - Instacart has reached a $60 million settlement with the U.S. Federal Trade Commission (FTC) over claims of deceptive consumer practices, including misleading advertising regarding free delivery services [5][6] - The settlement prohibits Instacart from making misrepresentations about delivery costs and requires clear disclosure of subscription terms, with the $60 million to be offered as refunds to consumers [7] Nike - Nike reported better-than-expected fiscal second quarter results, driven by strong wholesale and North America sales, which account for 40% of its total business [8] - Despite a profit of $0.53 per share, down 32% year-over-year but 16 cents above expectations, Nike faces challenges from tariffs and margin compression, leading to a gross margin decline of over 300 basis points to 40.6% [9][10]

Overseas stock markets settled mixed on Thursday. The Euro Stoxx 50 closed up +1.06%. China’s Shanghai Composite closed up +0.16%. Japan’s Nikkei Stock 225 fell to a 3-week low and closed down -1.03%.The markets are discounting a 27% chance that the FOMC will cut the fed funds target range by 25 bp at the next FOMC meeting on January 27-28.This week's market focus will be on US economic news. On Friday, Nov existing home sales are expected to be up +1.2% m/m to 4.15 million. Also, the University of Michigan ...

Market Overview - March 10-year T-notes are up by +9 ticks, with the yield down -3.7 basis points to 4.116% [1] - T-notes reached a 1.5-week high, while the 10-year T-note yield fell to a 1.5-week low of 4.10% [1] - Mixed performance in overseas stock markets, with Euro Stoxx 50 up +0.57% and Japan's Nikkei down -1.03% [1] Economic Indicators - The markets are pricing in a 27% chance of a 25 basis point cut in the fed funds target range at the next FOMC meeting [2] - US November existing home sales are expected to rise +1.2% month-over-month to 4.15 million [2] - The University of Michigan's December consumer sentiment index is anticipated to be revised upward by +0.2 to 53.5 [2] Inflation and Business Outlook - The US December Philadelphia Fed business outlook survey unexpectedly fell -8.5 to -10.2, contrary to expectations of an increase [3] - US November CPI rose +2.7% year-over-year, below the expected +3.1% [3] - November core CPI increased by +2.6% year-over-year, also weaker than the expected +3.0% and marking the slowest pace in 4.5 years [3] Stock Market Movements - Stock indexes are rising, led by a rebound in chip stocks, with Micron Technology up more than +14% after a positive forecast [5] - The S&P 500 Index is up by +0.79%, the Dow Jones by +0.59%, and the Nasdaq 100 by +1.43% [5] - T-notes are higher due to favorable US economic reports, including lower-than-expected CPI and a contraction in the Philadelphia Fed survey [5] European Market Developments - European government bond yields are increasing, with the 10-year German bund yield rising to an 8-month high of 2.897% [7] - The ECB maintained the deposit facility rate at 2.00% and raised its 2025 Eurozone GDP forecast to 1.4% [7] - ECB President Lagarde noted the resilience of the Eurozone economy amid uncertain inflation outlook [8] Company-Specific News - Micron Technology reported Q1 revenue of $13.64 billion, exceeding consensus estimates, and forecasted Q2 revenue between $18.3 billion and $19.1 billion [9] - Lululemon Athletica is up more than +6% following news of Elliot Investment Management acquiring a stake over $1 billion [11] - Merck & Co is up more than +1% after an upgrade from BMO Capital Markets with a price target of $130 [12] Declines in Specific Stocks - Insmed is down more than -14% after a failed mid-stage trial of its therapy [13] - Birkenstock Holding Plc is down more than -3% after forecasting 2026 adjusted EBITDA below consensus [13] - FactSet Research Systems is down more than -2% after forecasting full-year revenue below consensus [14]

Summary of Key Points Core Viewpoint - U.S. stock futures are showing positive movement, with Dow futures increasing by approximately 100 points. However, Birkenstock Holding PLC's shares experienced a significant decline in pre-market trading despite reporting better-than-expected earnings and sales figures. Company Performance - Birkenstock reported fourth-quarter earnings of $0.60 per share, surpassing the analyst consensus estimate of $0.40 per share. The company's quarterly sales reached $615.404 million, exceeding the consensus estimate of $606.670 million [1]. - For FY2026, Birkenstock anticipates adjusted EPS in the range of $2.22 to $2.40, slightly below the market estimate of $2.30. The projected sales for the same period are between $2.689 billion and $2.747 billion, compared to expectations of $2.750 billion [2]. Market Reactions - Following the earnings report, Birkenstock shares fell by 10.6% to $41.50 in pre-market trading [2]. - Other companies also experienced declines in pre-market trading, including Insmed Inc, which dropped 20.1% after halting its Brensocatib CRSsNP program, and DBV Technologies SA, which fell 12.6% despite a previous surge [3].

Core Viewpoint - Instacart's stock price fell by 6% following reports of an investigation by the Federal Trade Commission (FTC) into its AI pricing tool, Eversight, which has been criticized for significant price discrepancies among similar grocery items [1] Group 1: FTC Investigation - The FTC has issued a civil investigative demand to Instacart, seeking information about its Eversight pricing tool [1] - A study involving 437 shoppers across four cities found an average price difference of about 7% for the same grocery items on Instacart [1] - The FTC expressed concern over media reports regarding Instacart's alleged pricing practices, stating it does not comment on ongoing investigations [1] Group 2: Instacart's Response - Instacart stated that recent reports inaccurately conflate A/B price testing, dynamic pricing, and monitoring pricing, misrepresenting how its pricing tests operate [2] - The company clarified that it does not use personal information or demographic data to set prices on its platform, emphasizing that retail partners control the base prices [2] - Instacart addressed concerns related to Target, explaining that it uses publicly available price information as a starting point and adds a fee to cover operational costs, noting that it has ended certain pricing tests at Target stores [2]

Group 1 - Micron's shares surged 11% after reporting earnings that were approximately 80% higher than consensus estimates, driven by strong demand for memory chips used in data centers [6][4] - Insmed's stock fell 20% following the failure of its Phase 2b BiRCh study for brensocatib in chronic rhinosinusitis, leading to the discontinuation of the program [6] - Instacart's shares dropped 6.6% after the Federal Trade Commission issued a civil investigative demand [6] - Lululemon's shares rose 6.2% as Elliott Management is reportedly building a stake worth over $1 billion [6] - PayPal's stock declined 1.7% after Morgan Stanley downgraded the company to underweight, citing slow progress on strategic initiatives [6] Group 2 - The tech sector faced scrutiny as investors questioned the sustainability of valuations amid concerns over AI-driven revenue disclosures, with 57% of Deutsche Bank survey participants identifying potential AI valuation declines as a major risk to market stability by 2026 [4][5] - The Nasdaq experienced a nearly 2% decline, reflecting investor anxiety regarding the AI sector and its impact on tech valuations [4] - European stocks showed mixed performance, with retailers like H&M outperforming while automakers lagged, as investors awaited monetary policy decisions from the European Central Bank and Bank of England [9][19]

This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. Dive Brief: Giant Food and The Giant Company plan to shutter their centralized e-commerce fulfillment centers by the end of the first quarter of 2026, according to a Friday announcement from parent company Ahold Delhaize USA. The closing facilities include Giant Food’s centralized e-commerce center in Manassas, Virginia, as well as The Giant Company’s fulfillmen ...

Company Performance - MillerKnoll Inc reported quarterly adjusted earnings of 43 cents per share, exceeding the analyst estimate of 41 cents [1] - Quarterly sales reached $955.2 million, surpassing the Street estimate of $943.13 million [1] - The company's shares rose 8.8% to $19.07 in pre-market trading following the earnings report [2] Market Reactions - Other stocks also experienced significant movements in pre-market trading, with Sable Offshore Corp surging 44.5% to $7.63 after federal confirmation of interstate pipeline classification [5] - Micron Technology Inc gained 9.4% to $247.20 after reporting better-than-expected earnings for the first quarter of fiscal 2026 [5] - Conversely, Mega Fortune Co Ltd fell 53.5% to $6.07 after a previous jump of 144% [5]

在CPI公布前，指数层面仍宜以区间震荡思路应对。短线交易可重点关注通胀数据对实际利率预期的边 际变化，以及科技板块内部资金流向的再平衡情况。业绩确定性较强、估值相对合理的个股具备一定防 御属性，而高预期、高波动品种仍需注意仓位控制与节奏管理。 总体来看，市场正处在由宏观数据重新校准方向的关键节点。企业业绩能够提供局部支撑，但尚不足以 改变风险定价的核心逻辑。在通胀路径与政策节奏重新形成清晰锚定之前，市场更可能通过反复震荡来 消化分歧，结构性机会与回撤风险并存。 市场焦点集中在即将公布的美国消费者价格指数。当前普遍预期显示，11月整体通胀同比或小幅回升， 核心通胀仍处在相对偏高区间。在通胀粘性尚未被有效削弱之前，利率预期难以出现单边修正。美联储 理事沃勒隔夜的讲话延续了此前偏谨慎的政策基调。他表示，当前政策利率水平仍高于中性区间，但在 通胀尚未完全回落前，并不需要加快降息节奏。这一表态与美联储上次会议后释放的信号保持一致，也 使得市场对未来降息路径的定价继续处于反复调整状态。 UNFX 12月18日讯 在关键通胀数据公布前，市场整体情绪依旧偏向防守。周四早间，美股期货出现小 幅回稳，但修复幅度有限。隔夜盘后，美 ...