Author: iHub News
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Stock Futures Struggle After Weak China Data
Stock futures struggled for traction on Tuesday after some soft data from China raised concerns about the health of the global economy. Hong Kong’s Hang Seng shed 1.5% and the Shanghai Composite dipped 0.4% after an official report over the weekend showed China’s factory activity in December eased to its slowest pace in six months…
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US Futures, European Stocks Climb
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Uniper added 9.3% and MorphoSys rose 5.6%. On the other hand, Idorsia slipped…
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Top Company News of the Day: ASML, Baidu, Evergrande, Ikea
Netherlands Blocks ASML Exports of Chip-Making Equipment to China ASML said the Dutch government has blocked the company’s exports to China of some chip-making equipment in a partial license revocation following U.S. export restrictions. Baidu Terminates $3.6B Deal to Buy JOYY’s China Live-Streaming Business Baidu has called off a $3.6 billion deal to buy JOYY’s…
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U.S. Stocks Give Back Ground But Still Post Substantial Gains For The Year
Following the lackluster performance seen in recent sessions, stocks fluctuated over the course of the trading session on Friday before ending the day mostly lower. The major averages showed a lack of direction in early trading but slid more firmly into negative territory as the session progressed. Despite an afternoon recovery attempt, the major averages…
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US Futures, European Stocks Rise
U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.2% in morning trading. Viaplay Group Series B added 2.1% and Samhaellsbyggnadsbolaget rose 1.9%. On the other…
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Top Company News of the Day: Huawei, Luxshare, Boeing, Suntory
The New Star on the Political Scene: The Chip Industry Increasing attention from politicians is posing opportunities and challenges for tech companies that have become part of a geopolitical conversation. Huawei Expects 9% Revenue Growth This Year Huawei Technologies projected that its revenue grew about 9% in 2023, reflecting the company’s return to a more…
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U.S. Stocks Close Little Changed As Choppy Trading Persists
Stocks turned in a lackluster performance during trading on Thursday, extending the choppy trading seen throughout much of the week. The major averages eventually ended the session narrowly mixed. While the Nasdaq edged down 4.04 points or less than a tenth of a percent to15,096.14, the Dow inched up 53.58 points or 0.1 percent to…
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US Futures Flat, European Stocks Up as Rate-Cut Optimism Boosts Mood
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.3% in morning trading. Vestas Wind Systems climbed 2.7% and Samhaellsbyggnadsbolaget rose 2.7%. On the other hand,…
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Top Company News of the Day: Apple, SQM, Credit Suisse, Microsoft
Apple Can Restart Watch Sales as U.S. Court Pauses Ban A U.S. appeals court temporarily lifted a federal agency’s import ban on Apple watch models while it weighs the company’s request to suspend the ban during litigation over patents. SQM Strikes Lithium Deal With State-Run Miner Codelco Chilean lithium company SQM has reached an agreement…
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U.S. Stocks Finish Choppy Trading Day Modestly Higher
Stocks showed a lack of direction throughout the trading session on Wednesday, with the major averages spending the day bouncing back and forth across the unchanged line. Despite the choppy trading, the Dow reached a new record closing high, and the Nasdaq and the S&P 500 ended the day at their best closing levels in…