By Caitlin McCabe
Glencore (UK:GLEN); Rio Tinto (UK:RIO), $(RIO)$: Shares of both miners rose in London after Bloomberg reported that the companies held early-stage talks about combining their businesses. Glencore gained nearly 3%, while Rio Tinto added 1.6%.
Qorvo $(QRVO)$: Activist investor Starboard Value has built a 7.7% stake in the chip maker, The Wall Street Journal reported. Qorvo's shares rose in off-hours trading. Other chip makers also gained, with Nvidia $(NVDA)$ and Broadcom $(AVGO)$ each rising more than 1%.
J.B. Hunt Transport Services $(JBHT)$: The trucking and logistics company, which is seen as a bellwether for the freight sector, posted a higher quarterly profit but overall revenue fell. Shares fell in out-of-hours trading.
Nintendo (JP:7974): Shares of the Japanese videogame maker fell more than 4% during the Asian session after the company disappointed investors with a lack of specifics about the highly anticipated successor to its Switch console.
Rivian Automotive $(RIVN)$: The electric-vehicle maker said it closed a loan agreement with the U.S. Department of Energy for up to $6.6 billion to support construction of a new manufacturing facility in Georgia. Shares rose more than 3% premarket.
State Street $(STT)$, Regions Financial $(RF)$ and Citizens Financial $(CFG)$ are among the companies reporting results before the opening bell.
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(END) Dow Jones Newswires
January 17, 2025 04:32 ET (09:32 GMT)
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