Author: iHub News
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Top Company News of the Day: Evergrande, Starboard, Ross Stores, Applied Materials, Yellow
China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring The company clinched a restructuring deal with a group of its foreign bondholders this spring and is seeking court approval for a global deal. Outback Steakhouse Owner Draws Activist Investor Starboard has built a stake of more than 5% in Bloomin’ Brands, making it…
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U.S. Stocks Tumble For 3rd Straight Day As Bond Yields Rise
U.S. stocks fell on Thursday, extending recent losses, amid concerns the Federal Reserve will hold interest rates higher for longer to control inflation. Stocks opened slightly higher, but retreated soon and then spent the rest of the day’s session in the red. The major averages all ended in the red, with the Nasdaq suffering a…
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Bargain Hunting 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 move back to the upside after moving notably lower over the two previous sessions. Bargain hunting may contribute to initial strength on Wall Street, as recent weakness has dragged the Nasdaq and S&P 500 down…
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North American Morning Briefing: Treasury Yields Keep Pushing Higher
Market Wraps Watch For: Leading Indicators for July; Weekly Jobless Claims; Earnings from Walmart Today’s Top Headlines/Must Reads: – China Demands U.S. Lift Steel, Aluminum Tariffs After WTO Ruling – In China, Bidding Wars for Lithium Top Out at 1,300 Times the Starting Price – Alphabet’s Verily Plans Cost Cuts Amid Pressure on Other Bets…
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US Futures Up, European Stocks Fall Amid Concerns Over Further Fed Hikes
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.5% in morning trading. Koninklijke Philips added 3.8% and alstria office REIT rose 3%. On…
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Top Company News of the Day: BAE Systems, Evergrande, Lenovo, Alphabet, Paramount
BAE Systems Targets Ball Unit in U.S. Expansion BAE Systems has agreed to buy Ball’s aerospace business for $5.6 billion in cash and targeted closing the deal in the first half of 2024. China Evergrande’s Losses Sharply Narrowed in 2022 UPDATED: China Evergrande Group, the world’s most indebted developer, narrowed its losses significantly in 2022…
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U.S. Stocks Close Firmly Down In Negative Territory For 2nd Straight Day
U.S. stocks closed lower on Wednesday, extending losses from the previous session, amid indications the Federal Reserve will continue to hold interest rates higher for longer to contain inflation. Prospect of a possible downgrade of several U.S. lenders by Fitch Ratings weighed as well. In addition to the minutes from the Federal Reserve’s latest policy…
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U.S. Stocks May Show Lack Of Direction In Early 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 weakness seen in the previous session. After a gap down opening and a subsequent fall to lower levels, U.S. stocks languished in the red right through the…
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North American Morning Briefing: Stock Futures Firmer Ahead of Fed Minutes
Market Wraps Watch For: Housing Starts for July; Industrial Production for July; FOMC meeting minutes published; Canada Housing Starts for July; EIA Weekly Petroleum Status Report; Earnings from Cisco, Target, TJX, Synposys Today’s Top Headlines/Must Reads: – Is It Time to Worry About Consumer Debt? What Is Going on in Seven Charts – Intel Scraps…
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US Futures Rise, European Stocks Fall as Strong US Retail Sales Stoke Cautious Sentiment
In the 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 0.2% in morning trading. Admiral Group rose 5.1% and Glanbia climbed 4.3%. On the other…