Author: iHub News
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Top Company News of the Day: Twitter, Target, Plastiq, Nvidia
Twitter Event With DeSantis Hits Technical Issues Twitter suffered apparent technical problems during an event where Elon Musk planned to host the Republican’s presidential campaign announcement on the platform. Target Lands in Culture-War Crosshairs Over Pride Month The retailer’s halt to its sale of some Gay Pride items fuels criticism it gave in to pressure…
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Nvidia Shares Surge 20% as 2Q Outlook Blows Past Estimates
Nvidia Poised for Record Sales as As AI Demand Kicks In The graphics-chip giant forecast a strong revenue bounce back for the current quarter, driven by growing appetite for generative AI technology. Snowflake slashes forecast, stock slumps after earnings Shares of Snowflake were sinking 12% in after-hours trading Wednesday after the data-software company cut its…
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Debt Ceiling Worries May Continue To Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside after coming under pressure over the course of the previous session. Lingering concerns about lawmakers’ ability to reach an agreement on increasing the U.S. debt ceiling may continue to weigh on Wall…
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North American Morning Briefing: Stock Futures Dip as Debt-Ceiling Doubts Linger
Market Wraps Watch For: MBA Weekly Mortgage Applications Survey; EIA Weekly Petroleum Status Report; FOMC meeting minutes published; Canada Quarterly financial statistics for enterprises; earnings from Analog Devices, Abercrombie & Fitch, Kohl’s, Nvidia Today’s Headlines/Must Reads – For Banks, Debt-Ceiling Drama Doesn’t End With a Deal – Spending Fight Is Main Event in Debt-Ceiling Talks…
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US Futures, European Stocks Down as Focus Remains on US Debt Ceiling
In the U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average declined 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.9% in morning trading. Marks & Spencer Group rose 7.7% and Sinch added 6.2%. On…
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Top Company News of the Day: Twitter, PacWest, Lenovo, Target
Elon Musk Wants to Challenge Google and Microsoft in AI Twitter boss tells WSJ London event the social-media company could be cash-flow positive starting in June. Baby-Formula Makers Face FTC Probe for Collusion The agency is investigating whether any formula manufacturers coordinated before bidding for state contracts. PacWest Sells Real-Estate Lending Unit The struggling regional…
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Stocks Close Notably Lower As Debt Ceiling Talks Make No Significant Progress
U.S. stocks ended notably lower on Tuesday after staying weak right through the day’s session due to sustained selling at several counters. A lack of significant progress in U.S. debt ceiling negotiations weighed on sentiment. Traders largely shrugged off data showing fairly sharp growth in the nation’s private sector activity. The major averages all ended…
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Crypto and Macro Weekly Recap
Over the past two weeks, cryptocurrencies have remained stable with little change in the prices of major coins such as Ether and Bitcoin. Ether traded slightly higher by 0.3% compared to the previous week, while Bitcoin saw a 0.7% decrease in value. In contrast, US and EU stocks saw an upward trend, with NASDAQ index…
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U.S. Stocks May Move To The Downside In Early Trading
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move to the downside after ending the previous session mixed. Ongoing concerns about the U.S. debt ceiling and a potential default may weigh on Wall Street following a meeting between President Joe Biden and…
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North American Morning Briefing: Stock Futures Lower As Debt-Ceiling Fight Continues
Market Wraps Watch For: New Home Sales for April; S&P flash services and manufacturing purchasing manager indices for May Today’s Top Headlines/Must Reads: – Biden, McCarthy Hold ‘Productive’ Meeting but No Debt-Ceiling Deal Yet – Debt-Ceiling Fight Sends Investors Hunting for New Havens – Biden Can’t Win in Debt-Ceiling Fight – Yield-Curve Pioneer Says This…