Author: iHub News
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News Highlights: Top Company News of the Day
Nokia Profit Falls Short But Confirms Outlook Nokia reported a first-quarter net profit of EUR332 million, missing forecasts, but backed its full-year guidance despite seeing some early signs of the economic environment impacting customer spending. Rio Tinto’s Iron-Ore Exports Hit Record; Cuts Copper Output Estimate UPDATED: Rio Tinto reported record first-quarter iron-ore shipments from its…
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Tesla Earnings Dented by Price Cuts, IBM stock ticks higher on earnings beat
Tesla Earnings Dented by Price Cuts Tesla Inc. (NASDAQ:TSLA) reported a 24% decline in first-quarter profit after a wave of price cuts dented the electric-vehicle maker’s bottom line. IBM stock ticks higher on earnings beat IBM (NYSE:IBM) shares ticked higher in the extended session Wednesday after Big Blue topped earnings estimates. Fox Has Settled One…
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Futures Pointing To Initial Weakness On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move to the downside after ending the previous session narrowly mixed. Ongoing concerns about the outlook for interest rates and the global economy may weigh on the markets to start the session. Negative sentiment may…
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European Midday Briefing: Hot UK Inflation Print Drags on Stocks
Market Wraps Stocks: European stocks were mostly lower on Wednesday as investors focused on another hot U.K. inflation print that will likely support the case for further Bank of England interest rate rises. Annual inflation fell to 10.1% in March from 10.4% in February, but it was above the 9.8% expected by analysts in a…
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US Futures Fall, European Stocks Mostly Down
In the U.S., futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average fell 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Worldline rose 5.4% and THG climbed 3.5%. On the other hand,…
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Top Company News of the Day: ASML, Telecom Italia, Twitter, Fox
ASML Sees Good Overall Demand ASML said first-quarter net sales and gross margin beat guidance as it forecast 2023 sales growth of over 25% compared with 2022, and despite some mixed signals on demand, overall demand still exceeded its capacity for this year. Telecom Italia Gets New Bids From Network-Assets Suitors Telecom Italia said it…
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Netflix Gains 1.75M Subscribers, Boeing Stock Jumps
Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business The streaming service ended the first quarter with 232.5 million customers and said a password-sharing crackdown in the U.S. would be coming soon. Fox to Pay $787 Million to Settle Dominion’s Defamation Lawsuit The settlement averts a trial on the voting-machine company’s allegations that it was defamed…
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Nvidia Can Be THE AI Stock Market Darling: Upgrade To Buy Rating & $400 Target
Report written by Chaim Siegel of Elazar Advisors, LLC We’re moving to a Buy Rating on Nvidia. The main driver for Nvidia is Data Center. The company said on their last earnings call that Data Center should accelerate this quarter and continue to accelerate through the year. Running that through to 2024 gets me nice…
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Tuesday’s Top Analyst Upgrades Downgrades: Block, Hasbro, McDonald’s, Pioneer Natural Resources, Tyson Foods, Warner Bros Discovery and More
The futures traded lower in what will be a busy week for economic data on Wall Street. The major indexes finished Monday mixed, with the tech-heavy Nasdaq the only loser on the day, and barely one at that. It was down just 0.03% to close at 12,804. Top strategists will be watching closely as the…
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Upbeat Earnings News May Lead To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to add to the modest gains posted in the previous session. The upward momentum on Wall Street partly reflects a positive reaction to the latest batch of corporate earnings news. Shares of Bank of America (BAC)…