Notables |
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| Notable Earnings Today: Adobe (Nasdaq: ADBE), Macy’s (NYSE: M), Nordson (Nasdaq: NDSN), Oxford Industries (NYSE: OXM), Cognyte Software (Nasdaq: CGNT), REV Group (NYSE: REVG), Photronics (Nasdaq: PLAB), Vera Bradley (Nasdaq: VRA), Kanzhun (Nasdaq: BZ). | |
| Notable IPOs Today: Atlantic International Corp. Common Stock (Nasdaq: ATLN). | |
| Notable Equity Crowdfunding Campaigns Ending Today: Bottled (StartEngine). | |
| Notable Economic Events Today: Consumer Price Index / Core CPI (8:30 a.m. ET), Crude Oil Inventories (10:30 a.m. ET), Federal Budget Balance (2:00 p.m. ET). | |
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Trends to Watch |
| Busted: Dave & Buster’s Stock Drops On Disappointing Q3 Earnings, CEO Transition (Benzinga) |
| Chips Ahoy: Google stock pops as company unveils new quantum computing chip (Yahoo! Finance) |
| Linked: Chainlink integrates with Coinbase tokenized assets platform (Cointelegraph) |
| Good Question: Traders are pretty sure of a Fed rate cut. What happens if inflation data is too hot? (MarketWatch) |
| Checking Out With Sycamore: Walgreens Is in Talks to Sell Itself to Private-Equity Firm Sycamore Partners (Wall Street Journal) |
Markets & Economy
Mondelez eyes Hershey takeover: Shares of Hershey ($HSY) jumped nearly 15% Monday after Mondelez ($MDLZ) approached the chocolate maker for a potential merger to create a global confectionery giant. However, the Hershey Trust remains a key hurdle. [Read]
Coffee prices hit historic peak: Arabica futures have surged 83% this year, smashing 1977’s record prices amid severe weather disruptions in Brazil. Volcafe, a top coffee trader, slashed its 2025 production forecast by 25%, signaling a fifth year of deficits. [Read]
Macy’s real estate worth double market cap: Activist investors claim Macy’s ($M) properties, including its Herald Square flagship, are worth $9B versus its $4.7B market value, pushing for a breakup to unlock shareholder value. [Read]
Business & Wealth
OpenAI releases Sora video tool: OpenAI’s new AI video generator launched for ChatGPT Plus and Pro subscribers, creating photorealistic 20-second clips. The tool remains unavailable in Europe and the UK amid privacy concerns. [Read]
