Author: iHub News
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Top Company News of the Day: China, Cleveland-Cliffs, L’Occitane, CBS
China’s Worsening Economy Is Hurting Corporate America Caterpillar and DuPont are among the big companies that are lowering their expectations for a postpandemic boom. Chinese Developers’ Shares Slump on Country Garden News, Weak Credit Data Shares of Chinese property developers fell sharply weighed by negative news, including property giant Country Garden’s suspension of bond trading,…
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U.S. Stocks Close Mixed Following Producer Price Inflation Data
Following the release of producer price inflation data, the major U.S. stock indexes turned in a mixed performance during trading on Friday. The tech-heavy Nasdaq slid 93.14 points or 0.6 percent to 13,644.85, ending the session at its lowest closing level in well over a month. The S&P also edged down 4.78 points or 0.1…
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US Futures Up, European Stocks Down as Market Weighs US Data
In the 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 dropped 0.4% in morning trading. UBS Group added 4.9% and Bechtle rose 3.2%. On the other…
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Top Company News of the Day: News Corp, X, Purdue Pharma, Rio Tinto
News Corp Swings to Loss Amid Revenue Drop, Book-Publishing Struggles CEO says news publisher is in talks with AI companies to establish the value of its content. Yaccarino Says X Is Watching Threads but Has Its Own Vision The CEO who started in June says the platform has “an entirely different road map” for the…
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U.S. Stocks Close Only Slightly Higher As Early Rally Evaporates
After moving sharply higher early in the session, stocks largely offset the rally over the course of the trading day on Thursday. The major averages pulled back well off their highs of the session, ending the day just above the unchanged line. The Dow surged by more than 450 points in early trading but ended…
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Tamer-Than-Expected Inflation Data May Lead To 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 ending the previous session mostly lower. The upward momentum on Wall Street comes following the release of the Labor Department’s highly anticipated report on consumer price inflation in the…
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North American Morning Briefing: Attention Turns to Key Inflation Data
Market Wraps Watch For: CPI for July; Weekly Jobless Claims Today’s Top Headlines/Must Reads: – What to Watch in July’s CPI Report: Why an Uptick in Annual Inflation Might Not Worry the Fed – U.S. and China Poised to Drift Further Apart After Investment Ban – ‘It’s Hard to Be an Activist These Days’: Gadfly…
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US Futures, European Stocks Rise
In the U.S. futures for the S&P 500 were up 0.6% and futures for the Dow Jones Industrial Average climbed 0.6%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.6% in morning trading. Knorr-Bremse rose 5% and Quilter added 3.6%. On the other hand,…
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Top Company News of the Day: Near Deal, Disney, Siemens, Novo Nordisk
Coach Owner Near Deal to Take Over Parent of Michael Kors, Versace The deal would be one of the biggest fashion tie-ups in recent years. Disney Gets Iger’s Second Show on the Road The entertainment giant used an eventful quarterly report to announce a boost to some of its streaming prices. Disney to Significantly Raise…
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U.S. Stocks Move To The Downside Ahead Of Inflation Data
Stocks fluctuated over the course of the trading session on Wednesday before ending the day mostly lower. The major averages all moved to the downside, with the Nasdaq and the S&P 500 falling to their lowest closing levels in a month. The major averages came under pressure going into the close, finishing the session firmly…