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Wall Street Journal - Oct 11

PRESS DIGEST-Wall Street Journal - Oct 11 Oct 11 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - China-owned social-media platform TikTok is laying off employees as part of a revamp of its content-moderation operations. It plans to invest $2 billion globally in trust and safety initiatives in 2024, aiming to improve efficacy.
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U.S. STOCKS Pfizer, Delta Air Lines, Nike

BUZZ-U.S. STOCKS ON THE MOVE-Pfizer, Delta Air Lines, Nike Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures declined on Thursday as investors braced for a highly anticipated inflation report that is expected to provide clues on the likely course the central bank's policymakers will take for the remainder of the year.
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Nike up after Truist Securities upgrades to 'buy', hikes PT

BUZZ-Nike up after Truist Securities upgrades to 'buy', hikes PT ** Shares of sportswear giant Nike NKE.N rise about ~1% at $83.57 premarket ** Brokerage Truist Securities upgrades to "buy" from "hold", citing near-term benefits from investments and improving wholesale relationships ** Raises PT to $97 from $83, says new leadership and Nike's brand
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GXO Logistics explores sale after receiving takeover interest, source says

GXO Logistics explores sale after receiving takeover interest, source says Adds background and details on GXO By Sabrina Valle NEW YORK, Oct 9 (Reuters) - GXO Logistics GXO.N , a provider of logistics services with a market value of roughly $6 billion, is exploring a potential sale after receiving takeover interest, according to a person familiar with the matter.
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As Nike struggles, Adidas must surf Samba wave with caution

ANALYSIS-As Nike struggles, Adidas must surf Samba wave with caution Adidas' Samba and Gazelle sneakers boost sales but trend may not last Adidas introduces new colorways and models to maintain consumer interest Adidas has won market share in Europe as Nike struggled Nike withdrew annual revenue target this month By Helen Reid LONDON, Oct 8 (Reuters) - Nike's NKE.N ongoing struggles are giving Adidas ADSG.DE a chance to keep taking market share from its larger U.S.
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U.S. stocks weekly: Speed bump

RPT-BUZZ-U.S. stocks weekly: Speed bump Repeats from Friday with no changes to text. Updates chart ** S&P 500 .SPX advances fourth straight week, but edges up only 0.2% amid key economic data and Middle East caution .N ** So far, SPX setback from record highs just small ** Nasdaq .IXIC also ekes out weekly gain, +0.1%, and rises for fourth week in a row, though there is a red flag warning ** In any event, the question is as U.S.
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U.S. stocks weekly: Speed bump

BUZZ-U.S. stocks weekly: Speed bump ** S&P 500 .SPX advances fourth straight week, but edges up only 0.2% amid key economic data and Middle East caution .N ** So far, SPX setback from record highs just small ** Nasdaq .IXIC also ekes out weekly gain, +0.1%, and rises for fourth week in a row, though there is a red flag warning ** In any event, the question is as U.S.
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US retailers scramble ahead of holidays amid port strike

UPDATE 3-US retailers scramble ahead of holidays amid port strike Retailers like Levi and Costco plan to shift routes, use air freight to avoid delays Newell Brands offers to boost production to mitigate supply chain disruptions Toy companies rely more on West Coast ports Consumers engage in panic buying, fearing shortages and price hikes Adds comments from Gristedes in paragraph 19, 27 and Stew Leonard's in paragraph 20 By Savyata Mishra and Jessica DiNapoli Oct 3 (Reuters) - Major U.S.
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US retailers look to back-up shipping plans to prep for holidays as strike continues

US retailers look to back-up shipping plans to prep for holidays as strike continues Retailers like Levi and Costco plan to shift routes, use air freight to avoid delays Newell Brands offers to boost production to mitigate supply chain disruptions Toy companies rely more on West Coast ports By Savyata Mishra, Jessica DiNapoli Oct 3 (Reuters) - Major retailers from Levi Strauss LEVI.N to Costco COST.O are preparing alternative shipping plans to ensure goods arrive in time for the peak holiday sea
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Levi Strauss shares fall on sluggish holiday quarter forecast

Levi Strauss shares fall on sluggish holiday quarter forecast Oct 3 (Reuters) - Levi Strauss' LEVI.N shares slumped about 11% in premarket trading on Thursday after it forecast tepid holiday quarter revenue as the denim maker grapples with weak demand from retailers with consumers paring back spending. The company, whose stock has risen about 27% so far this year and was trading at $18.77 premarket, also said on Wednesday it was considering a sale of its underperforming khaki and chinos brand Do
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S&P 500 ends near flat as more jobs data awaited; eyes on Middle East

US STOCKS-S&P 500 ends near flat as more jobs data awaited; eyes on Middle East ADP survey: US adds 143,000 private jobs in September Tesla drops on downbeat Q3 vehicle deliveries Nike falls after withdrawing annual revenue forecast Indexes: Dow up 0.09%, S&P 500 up 0.01%, Nasdaq up 0.08% Updates to 4:10 p.m. ET/2010 GMT By Caroline Valetkevitch NEW YORK, Oct 2 (Reuters) - The S&P 500 ended little changed on Wednesday , with technology shares gaining but investors nervous about Middle East tensi
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S&P 500 ends near flat as more jobs data awaited; eyes on Middle East

US STOCKS-S&P 500 ends near flat as more jobs data awaited; eyes on Middle East ADP survey: US adds 143,000 private jobs in September Tesla drops on downbeat Q3 vehicle deliveries Nike falls after withdrawing annual revenue forecast Updates to 4 p.m. ET/2000 GMT By Caroline Valetkevitch NEW YORK, Oct 2 (Reuters) - The S&P 500 ended little changed on Wednesday, with technology shares gaining but investors nervous about Middle East tensions and more U.S.
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S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT S&P 500 .SPX Top Performers Percent Change Caesars Entertainment Inc CZR.OQ +3.8% Salesforce Inc CRM.N +3.7% KLA Corp KLAC.OQ +3.6% Monolithic Power Systems Inc MPWR.OQ +3.6% Trimble Inc TRMB.OQ +3.4% Bottom Performers Percent Change Humana Inc HUM.N -12.2% Conagra Brands Inc C
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Indexes near flat as more jobs data awaited; eyes on Middle East

US STOCKS-Indexes near flat as more jobs data awaited; eyes on Middle East ADP survey: US adds 143,000 private jobs in September Tesla drops on downbeat Q3 vehicle deliveries Nike falls after withdrawing annual revenue forecast Indexes: Dow up 0.04%, S&P 500 down 0.02%, Nasdaq up 0.2% Updates to 2:20 p.m. ET/1820 GMT By Caroline Valetkevitch NEW YORK, Oct 2 (Reuters) - Major U.S.
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U.S. STOCKS Caesars Entertainment, Ciena, Salesforce

BUZZ-U.S. STOCKS ON THE MOVE-Caesars Entertainment, Ciena, Salesforce Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The S&P 500 and the Nasdaq edged higher on Wednesday but were near two-week lows as investors watched for an escalation in geopolitical tensions in the Middle East, while a survey soothed concerns about a rapid cooldown in the U.S.
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Energy, mining shares support FTSE 100 as investors assess Middle East risk

UPDATE 1-Energy, mining shares support FTSE 100 as investors assess Middle East risk FTSE 100 up 0.2%, FTSE 250 down 0.6% Updated at 1610 GMT By Khushi Singh and Lisa Pauline Mattackal Oct 2 (Reuters) - The UK's benchmark FTSE 100 stock index edged higher on Wednesday, led by energy shares as oil prices jumped on concerns about tensions in the Middle East, though investors were cautious as they assessed the risk of escalating conflict.
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Wall Street inches up as Middle East tensions keep investors on edge

US STOCKS-Wall Street inches up as Middle East tensions keep investors on edge For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. ADP survey: US adds 143,000 private jobs in September Tesla drops on downbeat Q3 vehicle deliveries Nike falls after withdrawing annual revenue forecast Humana tanks as fewer members in Medicare Advantage plans Indexes up: Dow 0.09%, S&P 500 0.14%, Nasdaq 0.32% Updated at 12:10 a.m.
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U.S. STOCKS Caesars Entertainment, Ciena, Salesforce

BUZZ-U.S. STOCKS ON THE MOVE-Caesars Entertainment, Ciena, Salesforce Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The benchmark S&P 500 and the Nasdaq traded near two-week lows on Wednesday as investors priced in a possible escalation in geopolitical tensions in the Middle East, while a survey allayed worries about a rapid cooldown in the U.S.
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Nike tumbles on revenue forecast withdrawal, drags down peers

BUZZ-Nike tumbles on revenue forecast withdrawal, drags down peers ** Nike shares NKE.N down as much as 8.2% at $81.77 on withdrawal of annual revenue target ** Company had earlier forecast annual revenue to decline in mid-single-digit percentage range ** At least seven brokerages cut PT on NKE stock following the news and a bigger-than-expected dr
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S&P 500, Nasdaq hit two-week lows as caution reigns over Middle East tensions

US STOCKS-S&P 500, Nasdaq hit two-week lows as caution reigns over Middle East tensions For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. ADP survey: US adds 143,000 private jobs in September Tesla drops on downbeat Q3 vehicle deliveries Nike falls after withdrawing annual revenue forecast Humana tanks on fewer members in Medicare Advantage plans Indexes: Dow up 0.07%, S&P 500 down 0.24%, Nasdaq off 0.49% Updated at 09:54 a.m.
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