Author: iHub News
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Top Company News of the Day: Microsoft, CVS Caremark, Thales, Disney
Microsoft Can Close Its $75 Billion Buy of Activision Blizzard, Judge Rules The companies can complete the deal before a Federal Trade Commission hearing that is scheduled for August. CVS Caremark Delays Block Customers From Their Prescriptions The business, which manages drug benefits for millions of Americans, said it resolved a system issue and is…
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U.S. Stocks Move Mostly Higher Ahead Of Inflation Data
Stocks moved mostly higher over the course of the trading day on Tuesday, adding to the modest gains posted in the previous session. The major averages all moved to the upside, further offsetting the pullback seen last week. The major averages reached new highs for the session going into the close. The Dow jumped 317.02…
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North American Morning Briefing: Beijing Boost Supports Mood; CPI Still The Main Event
Market Wraps Watch For: NFIB Index of Small Business Optimism for June Today’s Top Headlines/Must Reads: – Historic Rate Increases Leave Some on Wall Street Wanting More – China’s Reopening Trade Is Fizzling Out – The Next Challengers Joining Nvidia in the AI Chip Revolution Opening Call: Stock futures were mixed on Tuesday as investors…
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US Futures, European Stocks Mixed
In the U.S. futures for the S&P 500 were up 0.1% 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 0.5% in morning trading. Kingspan Group rose 10.7% and Dr. Martens rose 5.8%. On the other…
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Top Company News of the Day: Nvidia, Amazon, Daimler Truck, ANZ
The Next Challengers Joining Nvidia in the AI Chip Revolution The company has emerged as the hardware victor during the early days of the artificial-intelligence revolution. Who else in the chip world can cash in, too? Amazon’s Prime Day to Test Consumer Demand The indicator of shopping patterns arrives this year after a period of…
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U.S. Stocks Close Higher After Lackluster Session
U.S. stocks ended higher on Monday with the Dow outperforming the other major averages in a somewhat lackluster session. While the Dow stayed positive right through the day’s session, the S&P 500 fell into the red around noon before recovering to move higher, and the Nasdaq spent much of the session in negative territory. The…
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Looming Inflation Data May Lead To Choppy Trading On Wall Street
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the notable pullback seen in the previous week. Traders may be reluctant to make significant moves ahead of the release of closely watched data on consumer and producer…
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North American Morning Briefing: Stock Futures Dip on China Data; CPI, Earnings in Focus
Market Wraps Watch For: Speeches by Fed officials Mary Daly, Loretta Mester, Raphael Bostic Today’s Headlines/Must Reads – A Soft Corporate-Earnings Season Poses Next Test for Stock Market Rally – Last Mile of the Inflation Fight Will Be the Hardest – Yellen Trip Aids Fragile Effort by U.S., China to Keep Talking – Disney World…
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US Futures and European Stocks Down as Investors’ Expectations of Further Interest-Rate Hikes Harden on U.S. Data
In the U.S. futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average fell 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Orpea rose 4% and Entra rose 3.3%. On the other hand,…
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Top Company News of the Day: Icahn, TPG, Novartis, Fisker
Icahn Gets Breathing Room From Lenders Following Short-Seller Attack Deal unties his personal loans from the trading price of Icahn Enterprises. TPG to Buy Forcepoint Unit From Francisco Partners for $2.45 Billion The carve-out of Forcepoint’s government cybersecurity business comes less than three years after technology-focused Francisco Partners bought the company. Novartis Keeps Outlook Despite…