Citi downgrades Xerox to sell
Citi cut Xerox to sell, saying the company faces a difficult print-market backdrop and that Lexmark integration may not be enough to offset pressure in core cash generation.
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Bitcoin rises 1.2% to $82,781
Bitcoin climbed 1.2% to $82,781 after earlier slipping to $80,500 overnight. Analysts said $81,000 has been seen as an initial support level, while strength in the U.S. dollar and higher Treasury yields has weighed on risk assets this week.
USDA lowers 2027 beef and pork production outlook
The USDA cut its 2027 U.S. beef production forecast to 24.7 billion pounds from 24.8 billion pounds and lowered pork output to 27.8 billion pounds from 28.1 billion pounds in the October WASDE report. Steer prices were unchanged at $2.38 a pound, while the barrows and gilts price estimate slipped to 63 cents from 64 ce
SpaceX plans to buy Grain Management spectrum portfolio, JPMorgan says
JPMorgan analysts said SpaceX plans to buy a nationwide low-band spectrum portfolio from Grain Management to expand wireless coverage, complementing mid-band spectrum it is acquiring.