Author: iHub News
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US Futures Flat, European Stocks Slip
U.S. futures for the S&P 500 were flat 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 declined 0.8% in morning trading. Telia added 7.6% and EQT rose 7.5%. On the other hand, Uniper lost 27.4%,…
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Top Company News of the Day: Nokia, Nestle, SAP, Merck
Nokia to Cut Thousands of Jobs as Profit Plummets Nokia launched a plan to cut as many as 14,000 jobs as it seeks to save up to EUR1.2 billion after it posted a 45% fall in profit in the third quarter. Nestle Reports Sales Miss Nestle’s organic sales rose by a less-than-expected 7.8% in the…
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U.S. Stocks Move Mostly Lower Amid Increase In Treasury Yields
Stocks have moved mostly lower during trading on Wednesday, with the major averages all moving to the downside after ending the previous session narrowly mixed. Currently, the major averages are just off their lows of the session. The Dow is down 176.09 points or 0.5 percent at 33,821.56, the Nasdaq is down 139.58 points or…
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US Futures, European Stocks Slip
U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average decreased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.4% in morning trading. Worldline rose 6.3% and Svenska Handelsbnkn Ser A climbed 5.3%. On the other…
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Top Company News of the Day: Nvidia, Foxconn, Whitehaven, BHP, Mitsubishi
Nvidia, Foxconn to Develop New Class of Data Centers Focused on AI Chip maker Nvidia is expanding its partnership with Taiwan’s Foxconn, and aims to develop a new class of data centers that can power artificial-intelligence services. Australia’s Whitehaven to Buy Two BHP, Mitsubishi Coal Mines Mining giant BHP Group and Japan’s Mitsubishi have agreed…
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U.S. Stocks Close Mixed After Cautious Session
After a weak start and a subsequent recovery that resulted in a brief spell in positive territory, U.S. stocks retreated and eventually ended on a mixed note on Tuesday. Investors digested the data on U.S. retail sales and industrial production, and continued to track the developments on the geopolitical front. Data showing a bigger than…
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North American Morning Briefing: Bank Earnings, Retail Sales Data Top Agenda
Market Wraps Watch For: Retail Sales for September; Industrial Production and Capacity Utilization for September; Canada Housing Starts for September; Canada Consumer Price Index for September; Earnings from Bank of America, Goldman Sachs, Johnson & Johnson, Lockheed Martin Today’s Top Headlines/Must Reads: – How Long Can the American Consumer Keep Splurging? – Bond Yields Are…
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US Futures Flat, European Stocks Rise as Market Weighs Middle East Turmoil
U.S. futures for the S&P 500 were down 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 0.1% in morning trading. Powszechny Zaklad Ubez rose 3.8% and Nemetschek added 3.7%. On the other hand,…
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Top Company News of the Day: Ericsson, Rio Tinto, Baidu, Ford
Ericsson Sheds Guidance, Warns on Networks Recovery Ericsson removed its key margin guidance beyond the fourth quarter of 2023 after warning that current uncertainties in its mobile networks business will persist into next year. Rio Tinto’s Aluminum, Copper Output Rises The company said mined copper output showed a 5% increase in the third quarter. Baidu…
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U.S. Stocks Move Mostly Higher Amid Optimism About Earnings
Stocks have moved sharply higher during trading on Monday, with the major averages all showing strong moves to the upside. The advance comes on the heels of the pullback seen over the two previous sessions. Currently, the major averages are just off their highs of the session. The Dow is up 344.60 points or 1.0…