Author: iHub News
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Earnings Optimism May Generate Early Buying Interest
US Market The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move back to the upside following the pullback seen over the two previous sessions. The upward momentum on Wall Street may reflect optimism about the strength of corporate results as earnings season starts to pick…
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North American Morning Briefing: Middle-East Conflict, Earnings Caution Weigh on Mood
Market Wraps Watch For: Canada Wholesale Trade for August; Canada Manufacturing Survey for August Today’s Top Headlines/Must Reads: – A Recession Is No Longer the Consensus – If the Economy Is So Strong, Why Are Consumer Stocks Tanking? – Home Sales on Track for Slowest Year Since Housing Bust Opening Call: Stock futures were modestly…
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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 rose 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.2% in morning trading. Atos climbed 8.2% and Bank Polska Kasa Opieki rose 7.7%. On the other…
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Top Company News of the Day: News Corp, Albemarle, Rite Aid, Evergrande
Activist Builds News Corp Stake, Plans to Seek Changes Starboard believes the media company trades at a significant discount due to its structure. Albemarle’s $4.16 Billion Lithium Bet Scuttled by Australia’s Richest Person U.S. company cites difficulty of completing deal for Liontown Resources after Gina Rinehart bought large stake Rite Aid Files for Bankruptcy, Undone…
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Nasdaq Extends Yesterday’s Pullback But Dow Inches Higher
Stocks moved mostly lower over the course of the trading on day on Friday, extending the pullback seen during Thursday’s session. The tech-heavy Nasdaq showed a steep drop on the day, while the Dow managed to close modestly higher. The Nasdaq tumbled 166.98 points or 1.2 percent to 13,407.23 and the S&P 500 slid 21.83…
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US Futures Rise Slightly, European Stocks Mixed
U.S. futures for the S&P 500 were up 0.1% 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 fell 0.1% in morning trading. MorphoSys rose 7.4% and Tryg added 6.5%. On the other hand, Sartorius Stedim…
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Top Company News of the Day: Microsoft, Ligado, Party City, Exxon
Microsoft’s Activision Deal Gets Green Light From U.K. Regulator The decision clears a path for the companies to close the $75 billion deal after a lengthy struggle with regulators. Ligado Sues U.S. Seeking $39 Billion in Spectrum Fight The debt-laden satellite company alleges the Pentagon improperly denied its use of spectrum for 5G networks. Party…
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Rebound By Treasury Yields Contributes To Pullback On Wall Street
Stocks moved mostly lower over the course of the trading day on Thursday, giving back ground after trending higher over the past several sessions. The major averages showed a lack of direction early in the session before coming under pressure in the early afternoon. The major averages climbed off their worst levels going into the…
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US Futures, European Stocks Rise ahead of US CPI data
U.S. futures for the S&P 500 were up 0.3% 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 0.5% in morning trading. Addtech Series B added 4.3% and Publicis Groupe rose 3.4%. On the other…
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Top Company News of the Day: Hollywood, Ford, Albemarle, Publicis
Facing Exclusion From U.S., Chinese EV Suppliers Map a Circuitous Route Back In Battery makers’ path around legal barriers runs through South Korea and Morocco. Hollywood Studios Suspend Talks With Actors The breakdown of negotiations after less than two weeks dampens hopes that the industry could soon return to work. UAW Strikes at Ford Pickup-Truck…