Author: iHub News
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Top Company News of the Day
Credit Suisse Details Painful Final Days Before Rescue The Swiss bank gave a glimpse of its chaotic final weeks before a rescue by UBS in a first-quarter earnings report that showed revenue diving and customers rushing to pull deposits. J&J Consumer-Health Unit’s Listing to Test IPO Market The company is poised to begin a roadshow…
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Lyft to cut jobs, HCA Smashes Earnings Expectations
Lyft to Cut at Least 1,200 Jobs in New Round of Layoffs The latest cuts could impact 30% or more of the ride-sharing company’s more than 4,000 employees. P&G Earnings Powered by Higher Prices, Again The maker of Tide and Gillette increased product prices by 10% in the quarter that ended in March. Tesla raises…
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Near-Term Uncertainty May Lead To Choppy Trading On Wall Street
US Market The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after ending the previous session mostly lower. Traders may be reluctant to make significant moves as they look for additional clarity about the outlook for the markets following the…
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European Midday Briefing: Stocks Mostly Higher After PMI Data
Market Wraps Stocks: European stocks were mostly higher on Friday, following data from a purchasing managers survey showed activity in the eurozone manufacturing and services sectors increased in April. The PMI data for the eurozone points to continued economic resilience in April, but this was fully driven by the services sector, which is still benefiting…
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Top Company News of the Day
SAP Updates Guidance on Qualtrics Divestment SAP revised its outlook for the year to account for the stake in Qualtrics International that it is divesting as the group continues to focus on its cloud business, the main driver of revenue growth in the first quarter. Barclays Names HSBC Executive as Compliance Chief Kirsty Everett is…
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US Futures Fall, 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 declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. EssilorLuxottica added 5.4% and Alstria Office REIT climbed 2.7%. On the…
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Tesla Stock Slips, Google Combines AI Research Units
Google Combines AI Research Units Brain and DeepMind The search giant (NASDAQ:GOOGL) is merging AI resources to accelerate progress in technology that is reshaping business. AT&T Sees Signs of Businesses, Consumers Paring Back Spending AT&T (NYSE:T) says demand for its wireless plans is being dented by corporate cost cutting and layoffs. Tesla Stock Slips After…
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Disappointing Earnings News May Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to come under pressure after closing little changed for two straight days. A negative reaction to the latest earnings news from several big-name companies may contribute to initial weakness on Wall Street. Shares of Tesla (TSLA)…
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European Midday Briefing: Stocks Struggle as Inflation, Rates Fears Persist
Market Wraps Stocks: European stocks fell back on Thursday as worries over inflation and possible higher interest rates continued to weigh on sentiment. In London, miners lost ground after downbeat trading in Asia while some banks made solid gains. “Banking stocks like Barclays, HSBC, NatWest, StanChart and Lloyds are trading higher after Morgan Stanley reported…
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US Futures, European Stocks Fall With Focus on Earnings
In the U.S., futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average fell 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. THG rose 10.7% and Husqvarna Series B added 5.2%. On the…