Corporate results:

  • Alibaba -The stock lost 5% in Hong Kong after disappointing results.
  • Applied Materials -The stock lost 1.4% after the release of its quarterly results.
  • Smiths Group raised its annual revenue growth forecast.
  • Deere & Co, the agricultural equipment specialist, raised its net profit forecast for 2023 on Friday on the back of a full order book for the rest of the year and strong farm revenues.
  • Foot Locker was down 18 percent in premarket trading after the sports equipment maker lowered its annual revenue and profit forecasts in the face of slowing demand. 

In other news:

  • Carl Icahn (Icahn Enterprises) admitted to making  mistake with his $9B bearish bet.
  • Dufry owns 87.1% of Autogrill.
  • Twitter accuses Microsoft of misusing its data.
  • In response to Ron DeSantis' attacks, Walt Disney scrapped plans to create 2,000 jobs in Florida.
  • Netflix 's subscription with ads approaches 5 million users.
  • IMCD reaches agreement to buy Malaysian specialty distributor Euro Chemo-Pharma.
  • Interpump acquires Waikato for 30 MEUR.
  • Alphabet gained 1% in pre-market trading after the Wall Street Journal reported that Samsung Electronics would not replace Google as the default search engine on its phones with rival Bing, developed by Microsoft. This prospect had weighed on Alphabet's stock last month.
  • Apple has limited the use of ChatGPT and other outside artificial intelligence for its employees as the company develops similar technology, the Wall Street Journal reported Thursday, citing a document and sources.
  • Microsoft - Twitter says Microsoft violated an agreement to use the social network's data, according to a letter seen by Reuters. A Microsoft representative said on Thursday that it had received questions from a law firm representing Twitter and would investigate and respond appropriately.
  • Occidental Petroleum - Berkshire Hathaway said Thursday it has acquired more shares of Occidental Petroleum, raising its stake in the oil company to 24.4%. 
  • Main earnings reports today: Deere, Smiths Group... The full earnings calendar is here.