Author: iHub News
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Top Company News of the Day: Roivant, Microsoft, Johnson & Johnson, Ripple
Roivant in Talks to Sell Stomach Drug to Roche in Deal Valued at More Than $7 Billion Roivant, started by presidential candidate Vivek Ramaswamy, could seal a deal in coming days. FTC Continues Fight to Block Microsoft’s $75 Billion Deal for Activision The agency is asking for a stay that could keep the deal from…
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U.S. Stocks Extend Upward Move On Additional Encouraging Inflation Data
Stocks moved mostly higher during trading on Thursday, adding to the gains posted over the past few sessions. With the continued upward move, the Nasdaq and the S&P 500 once again reached their best closing levels in over a year. The major averages gave back some ground going into the close but remained in positive…
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Futures Pointing 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 extend the upward trend seen over the past several sessions. Additional buying interest may be generated in reaction to a Labor Department report showing producer prices in the U.S. inched up by slightly less than…
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North American Morning Briefing: Optimism Set to Continue as Focus Shifts to Earnings
Market Wraps Watch For: PPI for June; Weekly Jobless Claims; Federal Reserve Board Governor Christopher Waller speaks at Money Marketeers event; Earnings from Delta and PepsiCo Today’s Top Headlines/Must Reads: – The Bond Market Gets Less Scary – Is the Banking Crisis Over? We Could Be About to Find Out – China’s Drop in Exports…
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US Futures, European Stocks Gain on Hopes for End to US Rate Hikes
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average rose 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. Softcat climbed 5% and Diploma PLC added 4.7%. On the other…
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Top Company News of the Day: Disney, IMAX, xAI, Microsoft
Disney Extends CEO Robert Iger’s Contract Through 2026 The entertainment giant’s board unanimously voted to extend his contract by two years. IMAX Moves to Buy China Subsidiary IMAX said it has filed an offer to acquire its Hong Kong-based subsidiary for $124 million in cash in an attempt to benefit from growth opportunities in China.…
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Nasdaq, S&P 500 Reach Best Levels In Over A Year Following Inflation Data
Stocks moved mostly higher during trading on Wednesday, extending the upward move seen to start the week. With the continued advance, the Nasdaq and the S&P 500 ended the session at their best closing levels in over a year. The tech-heavy Nasdaq jumped 158.26 points or 1.2 percent to 13,918.96 and the S&P 500 climbed…
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Tamer-Than-Expected Inflation Data May Lead To Extended Rebound On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to extend the rebound seen over the two previous sessions. The futures saw a significant surge following the release of a highly anticipated Labor Department report showing consumer prices increased by less than expected in the…
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North American Morning Briefing: Traders Bet Data to Show Cooling Inflation
Market Wraps Watch For: CPI for June; EIA Weekly Petroleum Status Report; Bank of Canada Rate Decision; speeches by Lael Brainard, Raphael Bostic Today’s Headlines/Must Reads – Inflation Is Likely Lowest Since Early 2021-but Still Too Hot for Fed – Measure It Differently, and Inflation Is Behind Us – Negotiators See Global Deal on Taxing…
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US Futures Flat, European Stocks Rise Ahead of US CPI 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 climbed 0.1% in morning trading. United Internet rose 5.2% and Viaplay Group Series B rose 3.9%. On the…