The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

1215 ET - Wedbush Securities analysts forecast Uber Technologies' plans to cut 10% of its workforce could lead to about $1.75 billion in total run rate cost savings. "That said, we expect to see all or most of the savings reinvested, and less flowing through to the bottom line," the analysts say. They expect much of the savings will be put toward the company's growth initiatives. "In our view, this announcement strengthens our conviction in Uber's capacity to drive growth while maintaining its margin expansion trajectory," they say. (kelly.cloonan@wsj.com)

1034 ET - Gold prices rebound, rising back above $4,400 a troy ounce after private-sector hiring in the U.S. slowed in August, tempering expectations for a Fed rate hike this month. August saw the slowest pace of job creation since January, with private companies adding a net 38,000 jobs, compared to an expected 47,000. According to the CME FedWatch tool, traders are now pricing in a 66% chance of a hike compared to a 70% chance earlier on Wednesday. Futures in New York rise 0.9% to $4,435.20 a troy ounce.(giulia.petroni@wsj.com)

1027 ET - Home sales jumped 9% year over year in San Francisco in July, Redfin says, while sales fell 9% in Seattle. Two of America's leading tech hubs, their markets have often responded to the same forces: tech hiring, stock-market swings, remote work and mortgage rates. But San Francisco is backed by AI wealth that's heavily concentrated in that city, something Seattle lacks. San Francisco's median home-sale price jumped 6% in July to $1.6 million. Seattle's median sale price declined 4% to $809,000. Homes for sale fell 18% year over year in San Francisco, while inventory rose 17% in Seattle. The typical home that sold in San Francisco in July did so in 20 days, 3 days faster than last year. In Seattle, the typical home sold in 24 days, 4 days longer. (chris.wack@wsj.com)

1017 ET - The typical U.S. home located in a highly rated school zone costs $580,000, Redfin says. That is 35% more than $430,000 for the typical overall home. A household would need to earn $159,157 to afford a home in a highly rated school zone. That's roughly $41,000 more than the $117,995 needed to afford the typical overall home. Both are higher than the median U.S. income of $87,599, but the gap is wider for a buyer looking to purchase a home in a highly rated school zone. A median-earning household buying a home in a highly rated school zone would need to spend 54.5% of their income on housing, compared with 40.4% for the typical home. The premium benefits homeowners selling in highly rated school zones, where homes command higher prices on average. (chris.wack@wsj.com)

1002 ET - Brown-Forman is counting on Jack Daniel's Tennessee Blackberry whiskey to buoy its business as consumers are pulling back on alcohol consumption. Sales of the beverage partially offset declines of Jack Daniel's Tennessee Honey and Gentleman Jack, generating flat overall whiskey revenue during the most recent quarter. Brown-Forman has been expanding the brand to launch across international markets. "Jack Daniel's Tennessee Blackberry helped offset pressures elsewhere in the business and demonstrates our ability to create new opportunities for growth even in a challenging operating environment," Chief Executive Lawson Whiting says in the earnings release. (katherine.hamilton@wsj.com)

0945 ET - Brown-Forman is struggling with challenges in its core business amid what it calls a challenging operating environment. The company says it expects macroeconomic pressures and geopolitical instability to continue hurting consumer behavior and alcohol consumption through the rest of the fiscal year. This comes as F1Q sales decreased 1%, driven by a drop in tequila sales and flat whiskey sales. Brown-Forman climbs 5.5% in early trading. (katherine.hamilton@wsj.com)

0935 ET - Brown-Forman says innovation and new types of products are helping to offset sluggishness in its core alcohol business. Sales from the company's ready-to-drink portfolio, which includes pre-mixed cocktails, rose 20% in the latest quarter. That offset pressures elsewhere in the business, including a 12% drop in tequila sales, Brown-Forman says. The trend mirrors Molson Coors, which said in August it was investing more in its drink mixers and canned cocktails to jump on momentum in those businesses. Brown-Forman is up 3.5% in early trading. (katherine.hamilton@wsj.com)

0911 ET - European corporate earnings growth will slow in 2027 as inflation bites on margins, Goldman Sachs analysts write. Earnings growth will normalize in the mid-single digits next year, down from the analysts' 15% forecast for 2026. However, there is a greater likelihood of earnings surprising to the upside rather than the downside next year given structural tailwinds behind sectors like technology and industrials, they say. European stocks are valuable as diversifiers, given the continent's limited weighting toward technology. Whereas U.S. hyperscalers have eroded their cash reserves in the pursuit of AI development--a trend causing investors increasing concern--European companies have healthier cash flows on average, the analysts note. The Stoxx 600 is up 8.9% so far this year, compared to gains of 11.5% for the S&P 500. (josephmichael.stonor@wsj.com)

0852 ET - H&M's organic growth is likely to remain muted in the third quarter, rising 0.8% amid a soft German market and subdued U.K. and U.S. markets, Pareto Securities analysts Kristian Smolle and Alexander Siljestrom write. The bank expects the Swedish retailer's adjusted EBIT margin to remain flat on year at 8.7%, with adjusted EBIT growth moderating to 1.4% from 27.1% over the last 12 months. External tailwinds are set to reverse into 2027 as the benefit of supply chain measures disappears, currency effects turn into a headwind, and cost growth accelerates to a low-single-digit percentage on IT investment. This will drive EBIT to contract into 2027, it adds. The bank lowers its share target price to 140 Swedish kronor from 145 kronor and reiterates its sell rating. Shares fall 1.3% to 171.75 kronor. (dominic.chopping@wsj.com)

0841 ET - Eutelsat Communications' fiscal 2029 revenue target would need substantial growth and therefore looks challenging, Berenberg analysts write. The French satellite communications company wants to increase group revenue to between 1.5 billion and 1.7 billion euros for fiscal 2029, up from 1.24 billion euros for the year ended June 30. Fiscal 2027 revenue is forecast to be flat year-on-year, they say. Berenberg starts coverage on the stock with a hold rating and 2.00 euro target price. Shares are down 0.9% at 1.72 euros. (ian.walker@wsj.com)

0835 ET - Chipotle is opening its first Asian restaurant in Seoul, South Korea. South Korea will serve as a reference market for future growth across Asia, the company says. The site will serve as a model for how the brand can enter new markets while maintaining its culinary and operational standards, Chipotle says. The company also says it chose South Korea for its highly engaged and discerning consumers, as well as its sophisticated restaurant culture. Chipotle is operating in South Korea via a partnership with Sangmidang Holdings. (katherine.hamilton@wsj.com)

0821 ET - Vestas is well positioned into the second half, with the new guidance looking conservative against the usual seasonality and assuming continued strong execution, Jefferies analysts write. "While uncertainty remains short term, we expect regulatory updates to eventually support the business in the U.S. and Germany." Offshore energy then adds significant margin potential, with the growth outlook backed by large EU auctions coming shortly, it adds. The bank raises its adjusted EBIT estimates, driven by increased deliveries and 100-150 basis points of higher margins in the power solutions business, offsetting slight cuts to service revenue. The bank raises its price target on the stock to 255 Danish kroner from 215 kroner and keeps its buy rating. Shares fall 0.9% to 206.40 kroner.