Author: iHub News
-
Top Company News of the Day: Allianz, Richemont, SMIC, News Corp
Allianz Profits Jump, Helped by U.S. Growth Allianz posted a 24% rise in first-quarter operating profit, driven by growth in its U.S. life-health business and a stronger result in its property-casualty segment, but profits for the asset-management division-which houses Pimco-fell 13%. Richemont Confident on Outlook as China Reopens Richemont said it expected further strong demand…
-
Nasdaq Reaches Eight-Month Closing High But Dow Extends Losing Streak
Stocks came under pressure in early trading on Thursday but regained ground over the course of the session. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq reaching positive territory. The Nasdaq rose 22.06 points or 0.2 percent to 12,328.51, its best closing level in over eight months.…
-
Futures Pointing To Mixed Open On Wall Street
US Market The major U.S. index futures are currently pointing to mixed open on Thursday, with the Dow futures down by 0.3 percent but the Nasdaq 100 futures up by 0.3 percent. A notable decline by shares of Disney (DIS) may weigh on the Dow, as the entertainment giant is tumbling by 5.8 percent in…
-
North American Morning Briefing: Stock Futures Edge up with PPI Data Ahead
Market Wraps Watch For: PPI for April; Weekly Jobless Claims; speeches by Fed’s Kashkari, Waller Today’s Headlines/Must Reads – Yellen Doubts Biden Administration Can Avoid Default Without Congress – Biden, Republicans Dig In on Debt Ceiling – China’s Consumer Inflation Slows to Lowest in Two Years – Energy Stocks in Doldrums After Last Year’s Big…
-
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 rose 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 rose 0.5% in morning trading. SalMar added 6.1% and Diploma PLC climbed 5.9%. On the other…
-
Top Company News of the Day: SoftBank, Bayer, Syneos Health, Robinhood
SoftBank Group Posts $7.2B Loss, Hit by Tech Funds Woes SoftBank Group posted a fiscal-year net loss as losses from its technology funds business offset gains from the unwinding of its stake in Alibaba Group. Bayer Sees Guidance at Lower End of Range Bayer posted lower first-quarter earnings, with results weighed by inflation and an…
-
Nasdaq Shows Strong Upward Move Following Inflation Data, Dow Posts Modest Loss
After failing to sustain an initial move to the upside, stocks fluctuated over the course of the trading session on Wednesday. While the tech-heavy Nasdaq maintained a positive bias throughout the session, the S&P 500 spent the day bouncing back and forth across the unchanged line. The Nasdaq eventually showed a strong upward move on…
-
Positive Reaction To Inflation Data May Lead To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after ending the previous session mostly lower. The futures turned positive following the release of the Labor Department’s highly anticipated report on consumer price inflation in the month of April.…
-
North American Morning Briefing: Caution Dominates Ahead of CPI Print as Debt Ceiling Fears Mount
Market Wraps Watch For: MBA Weekly Mortgage Applications Survey; CPI for April; Real Earnings for April; EIA Weekly Petroleum Status Report; Monthly Treasury Statement of Receipts and Outlays of the U.S. Government for April; Canada Building Permits for March; earnings from Beyond Meat, Disney, Icahn Enterprises, Robinhood Markets, Roblox, Wendy’s Today’s Headlines/Must Reads – Inflation…
-
Top Company News of the Day: Credit Agricole, ANB AMRO, Toyota
Credit Agricole Beats Hopes Despite Amundi Outflows Credit Agricole reported first-quarter net profit and revenue that came in above expectations despite net outflows of EUR9.7 billion at its asset management division. ABN AMRO Posts Solid Profit Beat ABN AMRO posted above-forecast profits in the first quarter, helped by improved deposit margins from higher interest rates…