Author: iHub News
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US Futures Slip, European Stocks Mixed
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average decreased 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Koninklijke Philips rose 4.5% and Rolls-Royce Holdings added 3.1%. On the…
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Top Company News of the Day: Vodafone, Wells Fargo, Berkshire Hathaway, Elon Musk
Vodafone Forecasts Flat Profits; to Cut Jobs Vodafone said it expected adjusted Ebitda to be flat at around EUR13.3 billion this year, as it announced plans to cut 11,000 jobs over three years, admitting that its performance had not been good enough. Wells Fargo Agrees to Pay Shareholders $1 Billion to Settle Class-Action Suit Shareholders…
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U.S. Stocks Finish Lackluster Session Mostly Higher
Stocks turned in a relatively lackluster performance for much of the trading session on Monday but managed to end the day mostly higher. The tech-heavy Nasdaq reached its best closing level in well over eight months, while the Dow snapped a five-session losing streak. The major averages all finished the day in positive territory. The…
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Optimism About Debt Ceiling Deal May Lead To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move back to the upside after ending last Friday’s trading modestly lower. Optimism about an eventual agreement on raising the U.S. debt ceiling may generate early buying interest following comments from Treasury Secretary Janet Yellen.…
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US Futures, European Stocks Rise
In the U.S., futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Evotec added 3.7% and Valeo rose 3.5%. On the other hand,…
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Top Company News of the Day: Mega-Pipeline, Newmont, Air-bags, Shake Shack
$14 Billion Deal to Create Mega-Pipeline Company The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value. The World’s Biggest Gold Miner Bets Big on Copper Newmont’s $17.5 billion recommended takeover of Australia’s Newcrest boosts its exposure to a key metal in the energy transition. Parts Maker…
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U.S. Stocks Stage Late-Day Recovery Attempt But Close Modestly Lower
Following the downturn seen in morning trading on Friday, stocks showed a notable recovery attempt in the latter part of the session. The major averages climbed well off their worst levels of the day but still closed in the red. The tech-heavy Nasdaq fell 43.76 points or 0.4 percent to 12,284.74 and the S&P 500…
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Rebound By Regional Banks May Contribute To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside following the mixed performance seen in the previous session. The markets may benefit from a rebound by regional banks, which came under pressure on Thursday amid ongoing concerns about turmoil in…
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North American Morning Briefing: Hopes of Easing US-China Tensions to Lift Mood
Market Wraps Watch For: Import Prices for April; World Agricultural Supply & Demand Estimates; Canada New Motor Vehicle Sales for March Today’s Headlines/Must Reads – Decline in PacWest Stock Indicates Bank Fears Persist – White House Debt-Ceiling Meeting Postponed – U.S., China Senior Officials Meet in Tentative Effort to Restart Ties – Stop Equating Latest…
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US Futures, European Stocks Rise
In the U.S., futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 grew 0.4% in morning trading. Scor SE added 7.4% and Richemont rose 4.9%. On the other…