December 22, 2025 12:52 pm
Key Moments Italy’s competition authority fined Apple, Apple Distribution International and Apple Italia €98 million for alleged abuse of dominance in the iOS app distribution market. Regulators said Apple’s App Tracking Transparency framework forces developers to seek duplicate user consent, exceeding privacy law requirements. The ruling followed a joint probe with the European Commission and […]
Read moreDecember 22, 2025 10:28 am
Key Moments Bank of America reports that near-term forced selling risk by CTAs remains limited, even though trend followers hold heavy long positions in U.S., European, and Japanese equities. Japan stands out as a potential weak spot. The Nikkei is now only 2.2% away from a level that could trigger CTA selling after a 2.6% […]
Read moreDecember 22, 2025 9:54 am
Key Moments The FTSE 100 was down about 0.4% as of 0923 GMT, while GBP/USD was up 0.2%, moving above $1.34. Final third-quarter 2025 UK GDP confirmed 0.1% quarter-on-quarter growth, with a notable shift away from government-driven expansion. Harbour Energy’s $3.2 billion deal, GSK’s U.S. pricing agreement, Uber-Baidu’s UK robotaxi trials, and AstraZeneca’s LATIFY trial […]
Read moreDecember 22, 2025 8:56 am
Key Moments Coty Inc (NYSE:COTY) appoints Markus Strobel as executive chairman and interim CEO. Strobel assumes responsibilities previously held by Peter Harf and Sue Nabi. The beauty, cosmetics, and fragrance company announced the leadership change on Monday. Leadership Transition at Coty On Monday, Coty Inc (NYSE:COTY) named Markus Strobel as its new executive chairman and […]
Read moreDecember 22, 2025 8:22 am
Key Moments Interactive Brokers (NASDAQ: IBKR) submitted an application on December 20 to the OCC for a US national trust bank charter. The proposed Interactive National Trust Bank would provide custodial and securities lending services to mutual funds and exchange-traded funds. More than 30 firms have applied for US banking licenses this year, as fintechs […]
Read moreDecember 22, 2025 7:19 am
Key Moments Major Asian benchmarks advanced, led by a 1.8% rise in Japan’s Nikkei 225 to 50,402.39 on strong semiconductor and AI-related gains. The Japanese yen remained weak around 157.40 per dollar despite the Bank of Japan’s rate hike to a 30-year high, prompting a warning from currency regulators. A rebound in U.S. technology names […]
Read moreDecember 19, 2025 3:18 pm
Key Moments Despite a soft quarter, Conagra maintained its full-year sales and earnings guidance. However, the company reported a $663.6 million quarterly net loss. This loss stemmed from a $968 million non-cash impairment charge tied to a prolonged share price decline. Meanwhile, quarterly volumes dropped 3% and net sales fell 6.8% to $2.98 billion. Adjusted […]
Read moreDecember 19, 2025 2:40 pm
Key Moments First, Morgan Stanley upgraded Tokyo Electron and Kokusai Electric to Overweight after meetings at SEMICON Japan. Additionally, the bank said the front-end semiconductor equipment market entered a “full recovery phase” in mid-November, driven by AI investment. As a result, valuation multiples were raised, with the P/E framework lifted from 14.0x to 20.0x and […]
Read moreDecember 19, 2025 2:15 pm
Key Moments U.S. stock index futures advanced after a softer-than-expected November CPI print bolstered expectations for additional Federal Reserve rate cuts in the coming year. Oracle (NYSE:ORCL) jumped 5% in premarket trading on reports tying it to a TikTok U.S. deal and fresh funding plans at OpenAI, while Nike (NYSE:NKE) sank 10% after weak China […]
Read moreDecember 19, 2025 1:39 pm
Key Moments Union Pacific and Norfolk Southern filed a formal application with U.S. transportation regulators to review their proposed $85 billion merger. The Surface Transportation Board review is expected to take about 12 to 18 months, with the companies aiming to close the deal in early 2027. Shareholders approved the transaction in November, but the […]
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