Author: iHub News
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Top Company News of the Day: 3M, Evergrande, Xpeng, Fortescue Iron Ore
3M Nears Roughly $5.5 Billion Settlement to Resolve Earplugs Complaints The litigation over hearing-loss complaints ranks as the largest mass tort in U.S. history, with more than 300,000 claims. China Evergrande’s First-Half Net Loss Narrowed China Evergrande Group, the world’s most indebted developer, narrowed its first-half loss significantly mainly due to an absence of impairment…
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U.S. Stocks Shrug Off Mid-morning Setback, Close On Firm Note
U.S. stocks started off on a firm note on Friday and despite suffering a setback around mid morning, recovered swiftly and stayed firm right till the end of the day’s session to finish on a strong note. Investors reacted positively to Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Symposium. The major averages…
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US Futures Rise, European Stocks Mixed Ahead of Powell Speech
In the 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 was flat in morning trading. Elekta Series B added 2.7% and Quilter rose 1.7%. On the…
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Top Company News of the Day: VinFast, Arm, Ericsson, Huasei, Morgan Stanley, Gap
Stock Index Orphans Miss Out on Billions of Dollars From Passive Investors VinFast, the Vietnamese electric-vehicle maker, and Arm, a British chip designer, are caught in a weird limbo thanks to their decisions on where to list their shares. Ericsson and Huawei Renew Licence Deal Ericsson has renewed a multiyear global patent cross-licensing pact with…
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U.S. Stocks Pull Back Sharply As Interest Rate Concerns Overshadow Nvidia Earnings
After failing to sustain an initial move to the upside, stocks moved sharply lower over the course of the trading session on Thursday. The major averages all showed significant moves to the downside, with the tech-heavy Nasdaq leading the pullback. The major averages finished the day just off their lows of the session. The Nasdaq…
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Upbeat Nvidia Earnings, Guidance May Lead To Continued 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 further upside after moving sharply higher over the course of the previous session. Early buying interest may be generated amid a positive reaction to earnings news from Nvidia (NVDA), with the chipmaker spiking by…
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North American Morning Briefing: Nasdaq Futures Surge on Nvidia Earnings
Market Wraps Watch For: Durable Goods for July; Weekly Jobless Claims; Earnings from Royal Bank of Canada, Toronto-Dominion Bank Today’s Top Headlines/Must Reads: – Didn’t Get Get Invited to the Fed’s Mountain Retreat? Here’s What to Watch – Arizona Labor Spat Signals Challenges for U.S. Chip Manufacturing – Nvidia’s AI Surge Is Just Getting Started…
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US Futures Mixed, European Stocks Rise Ahead of Jackson Hole Meeting
In the U.S. futures for the S&P 500 were up 0.6% 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 gained 0.8% in morning trading. Aroundtown rose 4.4% and BE Semicon Industries climbed 3.7%. On the other…
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Top Company News of the Day: Nvidia, Esmark, Reliance Retail Ventures, Qantas
Nvidia Sales Surge as AI Boom Lifts Earnings The chip maker reported record sales in its latest quarter and projected that surging interest in artificial intelligence is continuing to propel its business faster than expected. Esmark Pulls Out of Bidding for U.S. Steel The industrial conglomerate said it is abandoning its bid amid pressure from…
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Nvidia Sales Surge as AI Boom Lifts Earnings
Nvidia Sales Surge as AI Boom Lifts Earnings The chip maker (NASDAQ:NVDA) reported record sales in its latest quarter and projected that surging interest in artificial intelligence is continuing to propel its business faster than expected. Esmark Pulls Out of Bidding for U.S. Steel The industrial conglomerate said it is abandoning its bid amid pressure…