Apple sales fall again...

Good Morning!

This is Market Mornings. The fastest way to get the most important stock market news each day. Just the headlines, none of the other nonsense. Read by over 10,000 professional investors from firms like Goldman Sachs, Centerview, JPM, Qatalyst, and more!

It’s earnings season, so I have lots of earnings news in the Earnings section near the bottom of the email!

💰 Featured News

Analysis: Central banks' big pause spurs bruised bond investors to double down - Reuters

Oil prices steady, on track for second straight week of losses - Reuters

Apple beats estimates thanks to iPhone and services, but records fourth consecutive quarterly sales decline - CNBC

Amazon to unveil buy now, pay later option from Affirm for small business owners - CNBC

Wendy's Sees $1.8 Billion Full-Year Digital Opportunity Amid Loyalty Growth - PYMNTS

Starbucks unveils plan to add 17,000 locations by 2030, cut $3 billion in costs - CNBC

Amazon to close apparel stores in latest physical retail strategy shift - CNBC

Ford reports lower US vehicle sales in October - Reuters

ProShares launches ether futures ETF for crypto bears - Reuters

Jeff Bezos urged Amazon to flood search results with junk ads, FTC alleges - CNBC

🇬🇧🇨🇳🇲🇽🇿🇦 International

Exclusive: PetroChina aims to resume Venezuelan oil imports after 4-year pause - Reuters

UAW-Stellantis deal includes $18.9 billion in investments, new truck for idled plant - CNBC

Shell exits US SouthCoast wind farm contract, agrees to pay penalty - Reuters

Weight-loss drug Wegovy could get expanded FDA approval within six months, Novo Nordisk says - CNBC

Novo Nordisk says 80% of insured U.S. patients taking Wegovy pay less than $25 a month - CNBC

🤝 Mergers and Acquisitions

Six Flags, rival theme park brand Cedar Fair to merge in bid to spark post-pandemic recovery - NY Post

PagerDuty signs deal to acquire analytics platform Jeli - Market Watch

Viasat to cut 800 jobs to save $100 million a year as it integrates recently acquired Inmarsat - Market Watch

Apollo Infrastructure Funds Acquire Majority Stake in Modern Aviation - GlobeNewsWire

Star Equity Holdings Announces Acquisition of Big Lake Lumber - GlobeNewsWire

ExxonMobil Completes Acquisition of Denbury - Business Wire

💼 Executives

Moderna CEO on Weak Sales Forecast, Future Acquisitions - Bloomberg

Target CEO defends pulling some LGBTQ merchandise from shelves after backlash - CNBC

Uber's shipping CEO says the freight recession is at a new tipping point - CNBC

Shell plans to drill two more wells offshore Namibia -CEO - Reuters

Experts are seeing more cancer in younger adults: Aflac CEO - Fox Business

JPMorgan's Jamie Dimon warns business-friendly Texas over laws aimed at Wall Street firms - Fox Business

Portillo's CEO shuts down obesity drug impact speculation - Yahoo Finance

📈 Earnings

DraftKings revenue jumps 57% as sportsbook leader grows customer base - CNBC

Eli Lilly beats quarterly revenue estimates on Mounjaro strength - Reuters

Starbucks stock rises 10% as U.S. customers buy into pricier drinks - CNBC

Shopify shares pop 15% on earnings beat, rosy guidance - CNBC

Palantir Shares Surge After 3Q Results Beat Estimates, Driven by AI Demand - Investopedia

Moderna revenue tops expectations, expects to return to sales growth in 2025 - Reuters

Block shares surge after earnings beat and strong Square, Cash App growth - CNBC

Ticketmaster parent Live Nation posts blowout earnings as Taylor Swift, Beyonce dominate - CNBC

DoorDash shares jump 16% on guidance, narrowing net loss - CNBC

Solaredge shares sink 21% after company offers weak Q4 guidance - CNBC