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Crude Oil Gains 1%; Macy's Reports Strong Q3 Results
Benzinga· 2025-12-03 17:21
Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones increasing by over 250 points, closing at 47,765.87, a rise of 0.61% [1] - The NASDAQ rose by 0.07% to 23,430.56, while the S&P 500 gained 0.22% to reach 6,844.57 [1] - Energy shares saw a notable increase of 1.2%, while information technology stocks fell by 0.6% [1] Company Performance - Macy's Inc reported third-quarter sales of $4.713 billion, a decrease of 0.6% year-over-year, but exceeded analysts' expectations of $4.621 billion. The adjusted earnings per share for the quarter were 9 cents [2] Commodity Market - Oil prices rose by 1% to $59.21, while gold increased by 0.6% to $4,246.90. Silver and copper also saw gains of 0.4% to $58.935 and 3% to $5.4000, respectively [5] European Market - European shares were mostly higher, with the eurozone's STOXX 600 rising by 0.16% and Spain's IBEX 35 Index increasing by 1.55%. However, London's FTSE 100 fell slightly by 0.02% [6] Asian Market - Asian markets closed mixed, with Japan's Nikkei gaining 1.14%, while Hong Kong's Hang Seng, China's Shanghai Composite, and India's BSE Sensex experienced declines of 1.28%, 0.51%, and 0.04%, respectively [7] Notable Stock Movements - Capricor Therapeutics, Inc. shares surged by 291% to $24.87 following positive results from its Phase 3 HOPE-3 Trial [8] - Virax Biolabs Group Limited shares increased by 71% to $0.6709 due to clinical progress announcements [8] - Aeva Technologies, Inc. saw a 16% rise to $12.58 after being selected as a LiDAR supplier for a major European OEM [8] - CIMG Inc. shares dropped by 35% to $0.1200 after announcing a reverse stock split [8] - ADC Therapeutics SA shares fell by 29% to $3.2499 following updated trial data [8] - Pure Storage, Inc. shares decreased by 26% to $69.99 after reporting third-quarter results [8] Economic Indicators - The S&P Global services PMI declined to 54.1 in November from 54.8 in the previous month [11] - U.S. industrial production increased by 0.1% month-over-month in September, contrasting with a revised 0.3% decline in August [11] - Private businesses in the U.S. reduced jobs by 32,000 in November, compared to a revised gain of 47,000 in the previous month [11] - U.S. crude oil inventories rose by 0.574 million barrels in the week ending Nov. 28, compared to a 2.774 million barrel gain in the previous week [11]
X @Bloomberg
Bloomberg· 2025-12-03 16:38
VW continues to struggle with slow EV uptake in Europe, excess capacity in its factories, and softening sales in China and the US. https://t.co/VKbsO2YsDQ ...
Oracle initiated, Uber upgraded: Wall Street's top analyst calls
Yahoo Finance· 2025-12-03 14:35
Core Viewpoint - The article highlights significant research upgrades for various companies, indicating a positive shift in investor sentiment and potential growth opportunities in their respective markets [1]. Group 1: Upgrades - Arete upgraded Uber (UBER) to Buy from Neutral with a price target of $125, increased from $82, citing that concerns over competition from autonomous vehicles are overstated [2]. - Arete upgraded Lyft (LYFT) to Neutral from Sell with a price target of $20, up from $10, noting potential partnerships with Amazon's Zoox by 2026 [2]. - Longbow upgraded Garmin (GRMN) to Buy from Neutral with a price target of $250, arguing that the recent 25% decline in shares is an overreaction to anticipated revenue challenges in the automotive sector in early 2026 [2]. - Morgan Stanley upgraded Vertex Pharmaceuticals (VRTX) to Overweight from Equal Weight with a price target of $516, up from $438, reflecting a more optimistic view on the company's kidney franchise pipeline [2]. - William Blair upgraded Driven Brands (DRVN) to Outperform from Market Perform after positive management meetings, indicating improved confidence in the company's leadership stability [2].
Where Food Comes From Partners with Pangea to Empower American Beef Producers Through CARE Certified Sustainable Leather
Globenewswire· 2025-12-03 14:00
CASTLE ROCK, Colo., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Where Food Comes From, Inc. (WFCF) (Nasdaq: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, proudly announces a groundbreaking collaboration with Pangea, a global supplier of premium automotive leather, as well as Prime Pursuits and Walmart. Together, all are committed to enhancing transparency within supply chains by introducing CARE Certified sustainable leather to automotive bra ...
Faraday Future Has Retained Anthony Rendon, PhD, Speaker Emeritus of the California State Assembly as a Strategic Advisor, With a Focus on Government Affairs, Policy and Regulatory Issues
Globenewswire· 2025-12-03 05:04
LOS ANGELES, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that it has retained Anthony Rendon, PhD, Speaker Emeritus of the California State Assembly, as a strategic advisor for FF, with a focus on government affairs, policy and regulatory issues, including lobbying and overall state and federal-focused government support fo ...
Should You Buy Eaton While It's Below $360?
The Motley Fool· 2025-12-03 01:42
This power solutions company could be a good pick-and-shovel play for the growing AI data center buildout.Megatrends are emerging in energy and artificial intelligence (AI), with hyperscalers building data centers at a rapid rate. These data centers, which are power-hungry and run hot, create a need for electrical and cooling solutions, which should bode well for Eaton (ETN 1.94%).If you're not familiar, Eaton provides important electrical solutions, and the robust demand for data centers has it well-positi ...
Autozi Internet Technology (Global) Ltd. Received Two Notification Letters from Nasdaq
Prnewswire· 2025-12-02 21:30
Core Viewpoint - Autozi Internet Technology (Global) Ltd. is facing potential delisting from the Nasdaq due to non-compliance with minimum market value and low closing bid price of its securities [2][3]. Group 1: Nasdaq Notifications - The first notification from Nasdaq indicates that Autozi does not meet the minimum Market Value of Publicly Held Shares (MVPHS) of US$15 million, as it has been below this threshold for 30 consecutive business days [2]. - Autozi has a compliance period of 180 calendar days, until May 26, 2026, to regain compliance with the MVPHS requirement [2]. - The second notification states that Autozi's securities had a closing bid price of $0.10 or less for ten consecutive trading days, leading to a determination for delisting [3]. - Autozi has the option to appeal this determination to a Hearings Panel by December 3, 2025, which will stay the suspension of its securities pending the Panel's decision [3]. Group 2: Company Overview - Autozi, founded in 2010, is a rapidly growing automotive service and technology platform in China, offering a wide range of automotive products and services [4]. - The company utilizes an advanced supply chain cloud platform and SaaS solutions to create an integrated ecosystem that enhances collaboration and efficiency across the automotive industry [4].
X @Bloomberg
Bloomberg· 2025-12-02 18:25
BMW AG is pressing the European Union to formally adopt a trade deal with the US that would give the German carmaker respite from ongoing tariff pressure. https://t.co/u1MYTOeRTj ...
Wall Street Breakfast Podcast: From Streaming Player To Top Hollywood Player?
Seeking Alpha· 2025-12-02 12:38
Jacek_Sopotnicki/iStock Editorial via Getty Images Listen below or on the go via Apple Podcasts and Spotify Netflix submitted a mostly-cash bid for Warner’s studio and HBO Max. (0:15) Michael Burry says Tesla is ‘ridiculously overvalued.’ (0:41) Amazon aims for delivery in less than 30 minutes. (1:19) Warner Bros. Discovery (WBD) received a mostly-cash offer from Netflix (NFLX) in the second round of buyout bidding. Shares of Warner Bros. are higher premarket. Bloomberg says Netflix, Paramount Skyda ...
中國車企圍剿失敗?一張圖揭開Model Y營收真相 #Tesla #ModelY
大鱼聊电动· 2025-12-02 10:14
中國車企把 Tesla 逼上絕路了? 別被那些華麗 的發布會騙了! 給你們看一張 讓所有國產車企 「背脊發涼」 的數據圖 雖然華為小米 的新車像下餃子 一樣熱鬧 但在真金白銀 的營收面前 Model Y 依然是 那個讓人 窒息的王者! 聽好了 單單一款 Model Y 單季營收高達 43.8%億美金! 這是什麼概念? 這幾乎是小米 SU7 的 2.5% 倍! 當幾十個品牌 還在為了 銷量殺紅眼 撿芝麻的時候 Tesla 早就抱著 西瓜在數錢了 這就是為什麼 中國市場現在 像是一群狼 在圍攻一頭獅子 聲勢浩大 但只要獅子 守住 Model Y 這塊領地 它就依然是站在 食物鏈的頂端! 你的下一台車 會選「狼」呢 還是選「獅子」? 評論區告訴我!. ...