
Hancock Whitney Stock Falls 10% After $3.2B Trustmark Deal
Hancock Whitney (HWC) stock fell 10% after agreeing a $3.2B all-stock deal for Trustmark, which gives Trustmark holders 35% of the combined bank.
Daily Digest
Daily Digest

Hancock Whitney (HWC) stock fell 10% after agreeing a $3.2B all-stock deal for Trustmark, which gives Trustmark holders 35% of the combined bank.

Richemont shares opened about 4% lower after Q2 jewelry sales rose 14%, short of the 16% expected, as a Middle East slowdown weighed on the luxury sector.
The 10-year Treasury yield (US10Y) rose to 5.15%, up 30 basis points this week on Fed hike odds, as Bank of America sees rates peaking at 4.5%-4.75%.
Nvidia (NVDA) stock fell 4% after CEO Jensen Huang resigned, leaving it about 30% below its October record, with CFO Colette Kress as interim CEO.

Iran's security council says no enriched uranium will leave the country and resists IAEA access, as Washington reportedly asks Putin to help broker talks.
How fast a dollar moves through the economy is as important as how many dollars exist. A short walkthrough of the velocity equation (nominal GDP divided by money supply), why velocity rises when confidence is high and collapses in crises, and why a doubling of the money supply during 2008–2015 quantitative easing produced almost no inflation - because velocity fell faster than the supply grew.

Brent crude (BZ=F) is down 2.4% this week near $95, after last week's 16% drop, as Iran's clerics weigh leaving the nuclear Non-Proliferation Treaty.
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October producer prices rose 0.3%, below forecasts, but the 6.5% annual rate is the highest since November 2022, pushing the 10-year Treasury yield to 5.16%.

UFORCE (UK/Ukraine) raised a $700M Series A at a $6B valuation, co-led by Valor Equity Partners and the UK National Wealth Fund, to scale autonomous maritime, aerial and ground defence systems.

Brent crude (BZ=F) jumped 3.3% to $95.82 after Yemen's Houthis claimed attacks on Saudi oil pipeline sites, then held near $95.41 on Friday.

CoreWeave fell about 10% and Nebius about 12% on Nov. 12 as AI stocks sold off with Nvidia after its CEO exit and Nebius guidance stoked capex fears.

Modine (MOD) stock jumped 27% to above $135 from a $106.10 close after reports that Samsung is weighing a takeover bid. No deal has been announced yet.
Borrowing fuels expansion. Paying it back drags it. A short walkthrough of leverage as debt relative to income, the four ways an economy can deleverage (income, asset sales, default, inflation), why the process is inherently deflationary, and why the 2008 cleanup took more than seven years even with massive government intervention to soften it.

Modine Manufacturing shares rose about 26% on Friday after Bloomberg reported that Samsung Electronics is in talks to acquire the data-center cooling maker.

Cerebras (CBRS) shares jumped as much as 13% after record Q3 2026 core revenue of about $231M, a raised 2026 outlook and a new Microsoft cloud customer deal.

Imprint (US) raised $130M from Khosla Ventures, Ribbit Capital and Thrive Capital for payments, credit card and loyalty infrastructure for consumer brands.

Kospi (^KS11) fell 1% after reversing from a 5,500 high as Nvidia's CEO exit hit chip stocks, SK Hynix lost 3% and foreign investors sold over 550B won.

Take-Two shares fell 2% after Bank of America set a $1.9 billion opening-weekend bar for Grand Theft Auto VI, which launches November 19 on PS5 and Xbox.
Deleveraging is hard. Deflationary deleveraging is the worst version of it - a self-reinforcing loop where falling prices make existing debt heavier, forcing more cuts, which push prices down further. A short walkthrough of why fixed-nominal debt is poison in a deflationary environment, why savers win and debtors lose, and why Japan spent two full decades trying to climb out of one of these.

Circle (CRCL) stock fell 5% to close at $63.82 after layoffs and an 8% drop in reserve income, as Coinbase and big banks push into stablecoins.

Kospi gave up a 3% chip-led surge above 5,500 to close down 1% at 5,290, as Samsung and SK Hynix reversed their opening gains in Seoul on Friday.
Taiwan says China massed over 100 vessels in 'silent intimidation' drills before Trump-Xi talks, while the TAIEX index still rose 1.35% on Friday.
North Korea's constitution, amended March 23, drops the reunification goal and names South Korea a separate state, yet Seoul's Kospi rose 2.6% on Wednesday.

US envoys Witkoff and Kushner pressed Putin to admit Europe to Ukraine talks as Russia and Kyiv agreed a prisoner swap, with no ceasefire and Ust-Luga hit.

Neurosterix (Switzerland/US) raised $105M to advance experimental treatments for schizophrenia and other neurological conditions.

Brent crude (BZ=F) holds near $95 and is on track for a 2.4% weekly drop after Iran claimed it destroyed a US radar in Bahrain, a claim still unconfirmed.

Xi Jinping said Taiwan reunification must be achieved as Taipei rejected talks, 29 Chinese aircraft joined warships on patrol and the G7 warned Beijing.

Global Payments (GPN) stock slid 12% to about $88 after CD&R and GTCR dropped a roughly $26B buyout over financing doubts, ending the takeover talks.

Applied Materials (AMAT) posted record fiscal Q4 revenue of $10.4B, up 53%, and guided Q1 to $11.1B on AI chip demand, but shares slipped after hours.

Mercedes-Benz (MBG.DE) stock fell 1.8% after it froze German spending and warned it may shut two plants, as union talks on €800M in savings stall.
Most deleveragings are ugly. A small number are something Ray Dalio calls 'beautiful' - debt burdens fall, growth keeps running, employment holds, and inflation stays moderate. A short walkthrough of the four simultaneous policy moves required to engineer one (austerity, restructuring, monetary easing, fiscal support), why the composition of demand has to shift while the level holds, and the rare historical cases where it actually worked.

Traders price a December fed rate hike near 90% after October CPI rose 0.4%, as two-year Treasury yields head for their worst week since 2024 before PPI.

Rox (US) raised a $100M Series B at a $1.3B valuation, co-led by General Catalyst and March Capital, for AI agents that automate enterprise sales operations.

Trump says China is unlikely to free jailed Hong Kong publisher Jimmy Lai, citing a "great level of hatred," days before his Shenzhen meeting with Xi Jinping.

G7 ministers cite risks to shipping while Taiwan's Taiex, home to TSMC (2330.TW), gained 1.35% on Friday.

Moscow and Beijing are working on a possible Trump-Putin-Xi meeting at APEC in Shenzhen on November 18-19, but Xi has not committed to the three-way format.
5:00Pomegra's April 2026 weekly insights video on the accelerating AI arms race - model launches, hyperscaler capex, sovereign AI initiatives, and what each shift means for portfolios and the broader market.

Yeti (YETI) lowered its 2026 profit outlook to $2.90–$2.95 a share as shoppers grow more cautious.
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