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Markets extend streak
U.S. markets mostly rose Monday, raising hopes major indexes could extend their winning streak to an eight straight week. Europe's Stoxx 600 index lost 0.27%, although oil and gas stocks rose 1.16% on the back of rising oil prices. Germany's DAX fell 0.6% as the country's business sentiment unexpectedly fell in December.
Shipping supply snarls
Amid a series of attacks on vessels by Houthi militants from Yemen, BP's the latest firm to halt shipment across the Suez Canal. BP joins shipping giants MSC, Hapag-Lloyd, CMA CGM and Maersk in suspending travel through the Red Sea. Oil prices rose more than 1% as those stoppages raised concerns of a disruption to the global supply chain — avoiding the Suez Canal adds up to 14 days to a shipping route.
Adobe and Figma break up
Adobe and Figma have called off their planned $20 billion merger, the companies announced Monday, citing regulatory hurdles. "There is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority," the companies said in a statement. Adobe will pay Figma a $1 billion breakup fee, the Photoshop maker said in a regulatory filing.
Apple stops watch sales
Apple will pause U.S. sales of its Apple Watch Series 9 and Apple Watch Ultra 2 — its latest watch models — in its online stores starting Thursday, and in-person after Sunday. The decision comes after an intellectual property dispute between Apple and Masimo, a medical technology company, over the watches' Blood Oxygen feature. $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
U.S. markets mostly rose Monday, raising hopes major indexes could extend their winning streak to an eight straight week. Europe's Stoxx 600 index lost 0.27%, although oil and gas stocks rose 1.16% on the back of rising oil prices. Germany's DAX fell 0.6% as the country's business sentiment unexpectedly fell in December.
Shipping supply snarls
Amid a series of attacks on vessels by Houthi militants from Yemen, BP's the latest firm to halt shipment across the Suez Canal. BP joins shipping giants MSC, Hapag-Lloyd, CMA CGM and Maersk in suspending travel through the Red Sea. Oil prices rose more than 1% as those stoppages raised concerns of a disruption to the global supply chain — avoiding the Suez Canal adds up to 14 days to a shipping route.
Adobe and Figma break up
Adobe and Figma have called off their planned $20 billion merger, the companies announced Monday, citing regulatory hurdles. "There is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority," the companies said in a statement. Adobe will pay Figma a $1 billion breakup fee, the Photoshop maker said in a regulatory filing.
Apple stops watch sales
Apple will pause U.S. sales of its Apple Watch Series 9 and Apple Watch Ultra 2 — its latest watch models — in its online stores starting Thursday, and in-person after Sunday. The decision comes after an intellectual property dispute between Apple and Masimo, a medical technology company, over the watches' Blood Oxygen feature. $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$
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khalisthingscoffee : Apple will pause U.S. sales of its Apple Watch Series 9 and Apple Watch Ultra 2 — its latest watch models — in its online stores for Promotional Products & Branded Merchandise starting Thursday, and in-person after Sunday.