Author: iHub News
-
Top Company News of the Day: SoftBank, Civitas, Tesla, 3M
SoftBank’s Masayoshi Son Says He’s Focusing on AI Inventions The CEO says he wants to invest more aggressively as tech stocks revive. “I want SoftBank to lead the AI revolution.” Kimmeridge-Backed Civitas to Buy Oil and Gas Assets for $4.7 Billion Civitas emerges as a consolidator with acquisitions from Hibernia Energy III and Tap Rock…
-
Profit Taking Contributes To Extended Pullback On Wall Street
After coming under pressure early in the session, stocks regained some ground over the course of the trading day on Tuesday but still closed mostly lower. The major averages extended the pullback seen late in last Friday’s session. The major averages all finished the day in negative territory. The Dow slid 245.25 points or 0.7…
-
Profit Taking May Lead To Extended Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a moderately lower open on Tuesday, with stocks likely to extend the pullback seen late in Friday’s session. Traders may continue to cash in on recent strength in the markets, which lifted the Nasdaq and the S&P 500 to their best levels in over…
-
North American Morning Briefing: Stock Futures Slip as PBOC Underwhelms
Source: Dow Jones Newswires Watch For: Housing Starts for May; FedEx earnings; General Motors annual meeting Today’s Headlines/Must Reads – Stock-Market Rally Costs Bears $120 Billion – Wall Street Sours on America’s Downtowns – Why Inflation Around the World Just Won’t Go Away – Silicon Valley’s Newest Unicorn Is a Mining Company Opening Call: Stock…
-
US Futures, European Stocks Down Ahead of BOE Decision
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Sanofi rose 2.8% and THG added 2.6%. On the other hand,…
-
Top Company News of the Day: Alibaba, Stellantis, Foxconn, Airbus
Alibaba Says Chairman and CEO Daniel Zhang Will Be Replaced Alibaba is reshuffling its top executives, with current Vice Chairman Joseph Tsai taking over as chairman from Daniel Zhang while the head of its domestic e-commerce unit was named CEO. Stellantis, Foxconn Form Chip Venture Stellantis and Foxconn are joining forces to create a new…
-
Top Company News of the Day: Netanyahu, Rio Tinto, Pixar, SVB
Israel’s Netanyahu Touts Expanded Investment by Intel The prime minister’s announcement comes amid protest from the country’s tech industry over his plan to overhaul Israel’s judiciary. Rio Tinto Says Driverless Iron-Ore Train Derailed in Western Australia Rio Tinto said an autonomous train carrying iron ore from its mining operations in remote northwest Australia to a…
-
U.S. Stocks Give Back Ground But Hold On To Strong Gains For The Week
Stocks turned in a lackluster performance throughout much of the trading session on Friday before coming under pressure in the latter part of the session. The major averages all moved to the downside, with the tech-heavy Nasdaq leading the way lower. The major averages finished the session just off their worst levels of the day.…
-
Upward Momentum May Lead To Continued Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks poised to extend the strong upward move seen over the past several sessions. The markets may continue to benefit from recent upward momentum, which has contributed to a six-session winning streak for the S&P 500. The…
-
US Futures Down, European Stocks Rise Following Hawkish Fed and ECB
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 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. Orpea rose 11.4% and MorphoSys climbed 11.3%. On the other hand,…