Author: iHub News
-
Top Company News of the Day: Apple, UAW, Microsoft, Oracle
Apple Counts on Wireless Carriers to Avoid an iPhone Slump AT&T, Verizon and T-Mobile are returning to deep discounts on phones for customers who commit to top-tier plans. UAW Strikes at Plants Owned by GM, Ford, Stellantis The walkouts are the first to hit all three automakers at the same time and affect factories in…
-
Positive Reaction To Data May Contribute To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see initial strength following the lackluster performance seen in the previous session. The futures held on to earlier gains even as the Labor Department released a report showing producer prices in the U.S. increased by…
-
North American Morning Briefing: Busy Data Day Ahead; ARM IPO in Focus
Market Wraps Watch For: Retail Sales for August; PPI for August; Weekly Jobless Claims; Canada Wholesale Trade for July; Earnings from Adobe Today’s Top Headlines/Must Reads: – Betting Inflation Will Keep Falling Is Still a Risky Business – Fuel Prices Are Soaring. Who Is Feeling the Pinch? – UAW, Automakers Remain ‘Far Apart’ in Contract…
-
US Futures Up, European Stocks Mixed as Markets Await ECB Decision
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Deliveroo added 7.3% and Adevinta rose 3.9%. On the other hand,…
-
Top Company News of the Day: UAW, Arm, Tuhu Car, Google
UAW, Automakers Remain ‘Far Apart’ in Contract Talks The union’s president said the United Auto Workers are preparing walkouts at select factories when contracts expire late Thursday. Arm Sets IPO Price at $51 a Share British chip designer drops price after initially considering $52 a share. Tencent-Backed Tuhu Car Plans Hong Kong IPO Tencent-backed Tuhu…
-
U.S. Stocks Close Mixed Following Consumer Price Inflation Data
Stocks showed a lack of direction over the course of the trading session on Wednesday, with the major averages bouncing back and forth across the unchanged line as traders digested a highly anticipated report on consumer price inflation. The major averages eventually ended the session mixed. While the Dow dipped 70.46 points or 0.2 percent…
-
Inflation Data Largely In Line With Estimates May Lead To Choppy Trading
US Market The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the pullback seen in the previous session. The futures initially moved to the downside following the release of the Labor Department’s highly anticipated report on consumer price inflation…
-
US Futures Flat, European Stocks Slip Ahead of US Inflation Data
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.4% in morning trading. Aviva rose 2.9% and MorphoSys climbed 2.9%. On the other hand, Viaplay Group…
-
Top Company News of the Day: UAW, Ford, Arm, Birkenstock
UAW Threatens Strikes at Certain Plants if It Can’t Reach Labor Deals The union plans to hold targeted strikes at certain U.S. auto factories if it can’t reach new labor deals with Detroit automakers by late Thursday. Ford Hires New CMO Away From Toyota As It Pivots Toward Electric Vehicles A likely UAW strike may…
-
U.S. Stocks Move Back To The Downside Ahead Of Inflation Data
Stocks attempted to recover from initial weakness on Tuesday but moved back to the downside in the latter part of the session. The major averages all ended the day in negative territory, although the Dow posted a relatively modest loss. The tech-heavy Nasdaq slumped 144.28 points or 1.0 percent to 13,773.61, largely offsetting the strong…