Retail Earnings
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5 Must-Knows Before Thursday’s Stock Market Open
Walmart’s cautious guidance has dampened retail sentiment, contrasting with Wayfair’s sales growth and Etsy’s earnings beat. The Federal Reserve’s meeting minutes revealed differing views on future interest rates. In biotech, the U.S. faces competition from China in early drug development, though Moderna’s mRNA flu shot gained FDA review. Mark Zuckerberg testified in a landmark social media trial, and airlines are increasingly prioritizing credit card loyalty in their frequent flyer programs.
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5 Things to Know Before the Stock Market Opens Tuesday.
Key takeaways include: Retail earnings are scrutinized ahead of Black Friday, Broadcom challenges Nvidia in AI chips, James Comey’s case was dismissed, Amazon invests heavily in AI infrastructure for the government via AWS and competes with SpaceX’s Starlink with “Leo,” NHL team values rise with the Toronto Maple Leafs leading, a Microsoft data center project in Wisconsin was abandoned due to community opposition.
