Author: iHub News
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Top Company News of the Day: Lordstown, Aston Martin, Sequoia, Disney
EV Startup Lordstown Files for Bankruptcy The electric-truck maker, once cheered by investors during the SPAC boom and lauded by former President Donald Trump as a savior for a closed GM factory in Ohio, filed for bankruptcy. Aston Martin on Track to Hit Key Financial Targets Aston Martin said it expected to meet its targets…
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U.S. Stocks Close Weak On Growth Worries; Nasdaq Sheds More Than 1 Percent
U.S. stocks closed lower on Monday with those from the technology sector suffering sharp losses. Worries about tighter monetary policies and the impact of higher rates on economic growth weighed on the market. Investors looked ahead to the results of Bank Stress Tests, and some crucial economic data releases this week. The major averages all…
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Futures Pointing To Roughly Flat Open 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 after moving notably lower last week. A lack of major U.S. economic data may keep some traders on the sidelines as they look ahead to the release of several…
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North American Morning Briefing: Investors Disregard Russia Chaos
Market Wraps Watch For: Texas Manufacturing Outlook Survey Today’s Top Headlines/Must Reads: – This Bull Market Is Just Getting Started, Traders Bet – Why Economies Haven’t Slowed More Since Central Banks Hit the Brakes – Never Underestimate Central-Bank Groupthink – Tesla Leads Surge in Battered Clean-Energy Stocks Opening Call: Stock futures edged lower on Monday…
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US Futures, European Stocks Down After Short-Lived Russia Revolt
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Samhaellsbyggnadsbolaget rose 10.9% and Skanska Series B added 1.8%. On the…
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Top Company News of the Day: NIO, Starbucks, Obesity Pill, Bomb Threats
China’s ‘Tesla Killer’ Stumbles as EV Price War Takes Toll NIO, which had resisted cutting prices until recently, has become a symbol of the challenges automakers face in the world’s largest electric-vehicle market. Starbucks Workers, Citing Pride Decorations, Strike at Some Stores The tension between the company and some employees over in-store decorations comes amid…
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Interest Rate, Economic Worries Contribute To Pullback On Wall Street
Stocks moved mostly lower over the course of the session on Friday, giving back ground following the tech-led rebound during trading on Thursday. The major averages all moved to the downside, with the Nasdaq leading the pullback. The major averages all finished the day firmly in negative territory. The Nasdaq slumped 138.09 points or 1.0…
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Interest Rate, Economic Worries May Lead To Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to move back to the downside following yesterday’s tech-led rebound. Overseas weakness may carry over onto Wall Street amid ongoing concerns about the outlook for interest rates and the global economy. Rate hikes in England and…
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North American Morning Briefing: Recession Threat Grows as Further Tightening Likely
Market Wraps Watch For: Flash PMIs, Weekly Export Sales Today’s Top Headlines/Must Reads: – Central-Bank Action Finally Cooling Global Economy, Data Indicate – Where’s the Recession We Were Promised? – Chemical Makers, Tool Suppliers Can Now Get Chips Act Money – Twitter Shows ‘Strong Willingness’ to Comply With Digital-Content Law, EU Regulator Says Opening Call:…
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US Futures, European Stocks Slip After Series of Central Bank Rate Hikes
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.2%. Changes in futures don’t necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.2% in morning trading. Evotec added 4.3% and GSK rose 3.4%. On the other hand, Siemens…