Author: iHub News
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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…
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US Futures Rise, European Stocks Mostly Up
In the U.S., futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 rose 0.1% in morning trading. Samhallsbyggnadsbolaget rose 13.2% and Alcon added 8.2%. On the other hand,…
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Airbnb’s Bookings Rise, Rivian Narrows Loss
Airbnb’s Bookings Rise Amid Strong Travel Demand The short-term rental company reported revenue of $1.8 billion in the first quarter, up 20% from a year earlier. Rivian stock jumps nearly 6% as EV maker narrows quarterly loss, keeps guidance intact Shares of Rivian Automotive Inc. rose nearly 6% in the aftermarket Tuesday after the electric-vehicle…
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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 lower open on Tuesday, with stocks likely to move to the downside after ending yesterday’s choppy session little changed. Overseas weakness may carry over onto Wall Street amid ongoing concerns about the outlook for the global economy following disappointing Chinese trade data. Traders…
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US Futures Slip, European Stocks Mainly Down
In the U.S., futures for the S&P 500 were down 0.2% 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. Grifols climbed 5.7% and Orkla climbed 5.2%. On the other hand,…
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Top Company News of the Day: UBS, Daimler, Goldman Sachs, KKR
UBS Outlines Leadership Team Ahead of Credit Suisse Deal UBS said Ulrich Koerner, current Credit Suisse CEO, will join the UBS executive board once the takeover is closed, while Todd Tuckner will take on the role of CFO. Daimler Truck Boosted by Strong Demand Daimler Truck posted sharply higher underlying earnings of EUR1.1 billion in…
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U.S. Stocks Close Little Changed Following Lackluster Session
Following the significant rebound seen during last Friday’s session, stocks showed a lack of direction over the course of the trading day on Monday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session narrowly mixed. While the Dow edged down 55.69 points or…
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US Futures Up, European Stocks Mostly Rise
In the U.S., futures for the S&P 500 were up 0.1% 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 gained 0.2% in morning trading. Carnival rose 4.9% and TUI rose 4.1%. On the other hand,…
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Top Company News of the Day: VW, Westpac, Twitter, Ford and Tesla
VW’s New CEO Expected to Replace Management of Ailing Software Unit In his first major restructuring move since becoming chief last year, Oliver Blume is expected to oust Cariad’s leadership after the venture caused delays to new model launches. Westpac First-Half Net Profit Rises 22% Westpac said its first-half net profit rose by 22% on…
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Bargain Hunting, Apple Earnings Lead To Significant Rebound On Wall Street
Stocks moved sharply lower higher during trading on Friday, regaining ground after trending lower over the past several sessions. The major averages all showed significant moves back to the upside, with the Dow bouncing off its lowest closing level in over a month. The major averages pulled back off their best levels going into the…