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Eurozone Inflation Hits ECB Target at 2% as Unemployment Remains at Record Low, Complicating Rate Cut Decisions

The Eurozone's economic landscape is showing signs of improvement, with inflation rebounding and unemployment holding steady. October's preliminary Consumer Price Index (CPI) data revealed a higher-than-expected inflation rate of 2.0% year-over-year, up from 1.7% in September and surpassing the forecasted 1.9%. This brings inflation in line with the European Central Bank's (ECB) 2% target. Core inflation, which excludes volatile items like food and energy, remained stable at 2.7% year-over-year. On a monthly basis, CPI increased by 0.3%, driven by rising food and energy costs. Meanwhile, the unemployment rate for September held at a record low of 6.3%, better than the anticipated 6.4%. These figures suggest a resilient Eurozone economy, potentially influencing the ECB's future monetary policy decisions. The data may bolster arguments for a gradual approach to interest rate cuts, as the economy shows signs of strength despite recent challenges.

Apple Beats Q4 Estimates with Record iPhone Sales, but Stock Wavers on Cautious Outlook

Apple's Q4 earnings report has exceeded Wall Street expectations, driven primarily by strong iPhone sales. The tech giant reported record revenue of $94.9 billion, surpassing the anticipated $94.5 billion. iPhone revenue grew by 5.5% year-over-year, reaching $46.2 billion. However, the company's earnings per share (EPS) of $1.64, while beating estimates of $1.48, was impacted by a one-time EU tax charge. Despite the overall positive results, Apple's stock experienced a slight dip in after-hours trading. This was partly due to the company's guidance for Q1, projecting revenue growth in the low to mid-single digits, which fell short of the consensus 7% expectation. While iPhone sales were robust, other product categories showed lower performance. Notably, revenue in Greater China declined, raising some concerns. Despite these challenges, Apple's installed base hit new highs, and the company announced a quarterly dividend of $0.25 per share, maintaining investor interest in the stock.

Amazon Surpasses Q3 Expectations with Strong Cloud Growth and Record Profits

Amazon reported impressive Q3 earnings, with revenue reaching $158.9 billion, surpassing analyst expectations of $157.3 billion. Earnings per share (EPS) came in at $1.43, beating the estimated $1.14. The company’s cloud segment, AWS, continued to drive growth, posting a 19% increase to $27.5 billion. Amazon’s investment in AI and strong holiday season forecast further fueled investor optimism, pushing stock prices up after hours.

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Company News

Peloton Interactive, Inc. (PTON)

Performance Overview

1D Change: 📈 27.82%

5D Change: 📈 38.44%

News Volume: 📰 94

Unusual Volume Factor: 🚀 16x

Peloton Surges 30% as Former Apple Executive Takes the Helm and Q1 Earnings Beat Expectations

Peloton Interactive, Inc. has made a significant move in its efforts to turn the company around, appointing Peter Stern as its new CEO and President, effective January 1st. Stern, who currently serves as President of Ford Integrated Services and previously held leadership roles at Apple and Time Warner Cable, brings valuable experience from the tech and auto industries. This announcement, coupled with better-than-expected first-quarter earnings, has sent Peloton's stock soaring, with shares up over 30% in pre-market trading.

Full coverage of $PTON on MarketFlux.io

The Estée Lauder Companies Inc. (EL)

Performance Overview

1D Change: 📉 -20.9%

5D Change: 📉 -22.22%

News Volume: 📰 81

Unusual Volume Factor: 🚀 13x

Estée Lauder Faces Perfect Storm: Withdraws Guidance, Slashes Dividend, and Appoints New CEO Amid China Market Woes