• Costco Wholesale reported above-consensus quarterly sales, as the growing number of customers turning to its stores to buy cheaper food products offset slowing demand for everyday consumer goods. The stock gained 1.7% before the opening.
  • United States Steel said on Thursday that it expected fourth-quarter adjusted net income of between 20 and 25 cents per share, above consensus.
    Lennar, the homebuilder, said on Thursday that its quarterly profits had risen as production shortfalls and supply shortages led to sustained demand for housing.
  • Merck - The US Food and Drug Administration on Thursday approved the group's drug belzutifan for a type of kidney cancer.
  • General Motors announced on Thursday that it would lay off 1,300 employees at two Michigan car plants in early January.
  • Citigroup has decided to end its underwriting and market-making activities for municipal securities, according to a memo seen by Reuters. In addition, the group's Mexican retail bank, Banamex, is expected to split off from its parent company by the second half of 2024, Banamex said on Thursday.
  • Tesla - The Dutch car regulator said on Friday it was not planning a recall of Tesla vehicles in Europe, its US counterpart having decided on a recall this week.
  • Nio - The affordable Firefly electric car produced by the Chinese startup will be launched in Europe in 2024, a year earlier than previously revealed, and a second, cheaper brand could be launched after 2025. The stock gained 1.5% before the opening.
  • Scholastic falls 11% after reporting a 4% year-on-year drop in second-quarter sales to $562.6 million, due to weak demand.
  • Davide Campari buys the Courvoisier cognac house from Beam Suntory for $1.2 billion.
  • Global Payments is eyeing its compatriot Shift4, according to Bloomberg.
  • Unilever in advanced talks to sell Elida Beauty to Yellow Wood.
  • Chewy to launch veterinary practices in 2024.
  • Implenia wins building contracts in Switzerland and Germany worth over CHF 220 million.
  • Cruise (General Motors) cuts 24% of its workforce.
  • Essity retains its Consumer Tissue division following a strategic review.
  • Azelis buys Colombian chemical distributor Localpack.