US stock earnings (after hours): Costco (COST), Broadcom (AVGO), Lululemon (LULU)
China November PPI, CPI
U.S. Core PPI in November, Michigan Consumer Confidence Index in December
US FTC files antitrust lawsuit to block Microsoft’s acquisition of Activision Blizzard
The U.S. Federal Trade Commission (FTC) voted on Thursday (8th) to file an antitrust lawsuit against Microsoft to prevent Microsoft from acquiring gaming giant Activision Blizzard (ATVI-US). The FTC, which is negotiating the acquisition, has planned to fight the legal battle. Read more…
Costco’s Q1 falls short of expectations and e-commerce sales decline, announcing 24 global exhibition stores this year
The U.S. membership retailer Costco’s last-quarter financial report fell short of analysts’ expectations, reflecting the impact of high inflation forcing consumers to cut back on spending and leading to a jump in operating costs. The stock price fell more than 100% after hours on Thursday (8th). 1%. Read more…
Broadcom’s financial forecast for this quarter is excellent, and the cash dividend is increased by 12%, after the market, it rises by more than 3%
Netcom chip giant Broadcom (Broadcom) closed on Thursday (8th) and announced its financial report for the last quarter. Except for the slightly inferior software sales revenue, its profit and financial forecast for the current quarter were both better than market expectations. It also announced an increase in cash dividends to encourage Shares rose more than 3% after hours. Read more…
Lululemon’s Q3 inventory surged, Q4 financial forecast was weak, but the full-year outlook was revised up and still fell more than 7% after the market
Lululemon, a major yoga and high-priced sportswear manufacturer, announced its third-quarter financial report after the close on Thursday (8th). fell more than 7%. Read more…
