Author: iHub News
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Delta Air Lines posts quarterly loss, but projects second-quarter profit
Delta Air Lines (NYSE:DAL) posted a larger-than-previously estimated loss for the first three months of the year, but forecast second-quarter revenue and profit growth above analyst estimates, signaling strong demand for travel, despite weakness in other sectors. CEO Ed Bastian on Thursday dismissed the potential for a reduction in consumer spending. Air travel “is something…
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Wall Street Highlights: Delta Air Lines, Merck, IBM, Philip Morris and more
Main Subjects of the Day US stock futures gained strength on Thursday after another report pointed to cooling inflation. By 9:54 AM ET (12:54 GMT), Dow Jones futures were up 70 points, or 0.21%. S&P 500 and Nasdaq futures were up 0.36% and 0.56%, respectively. The March producer price index, a measure of prices paid by…
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Futures Move Higher Following Unexpected Drop In Producer Prices
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside after ending yesterday’s extremely volatile session mostly lower. The futures got a boost following the release of a report from the Labor Department showing an unexpected decrease in U.S. producer…
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Tamer-Than-Expected Inflation Data May Lead To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a notably higher open on Wednesday, with stocks likely to show a strong move to the upside after experiencing choppy trading to start the week. The futures surged following the release of a highly anticipated Labor Department report showing a modest increase in U.S.…
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Looming Inflation Data May Lead To Lackluster Performance On Wall Street
US Market The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction after ending the previous session little changed. A lack of major U.S. economic data may keep some traders on the sidelines ahead of the release of several key reports…
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Fed Raises target rate by 25bps to 4.75-5%
On March 22, the Federal Reserve hiked its benchmark interest rate by another 25 basis points. You can follow the historical rate on Investors Hub. The Federal Reserve uses a benchmark interest rate called the Federal Funds Rate, which is the interest rate at which banks lend money to each other overnight. When the Federal…
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NVDA: Set for a pullback?
Nvidia Corporation (NASDAQ:NVDA) is a semiconductor company that has gained a reputation as a leader in the graphics processing unit (GPU) market. The company’s stock has been on a steady rise, with the price on a rampage in March 2023 on the back of all the AI euphoria. However, despite the upward trend, there are…
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Fed Raises target rate by 25bps to 4.75-5%
On March 22, the Federal Reserve hiked its benchmark interest rate by another 25 basis points. You can follow the historical rate on Investors Hub. The Federal Reserve uses a benchmark interest rate called the Federal Funds Rate, which is the interest rate at which banks lend money to each other overnight. When the Federal…
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Market Moves: Deutsche Bank shares slide, intensify contagion worries; SPY -0.63%
Deutsche Bank (XE:DBK) shares fell over 10% on Friday after a big spike in credit default swaps. In the US, banks were impacted by the news causing more contagion fears, despite Janet Yellen’s comments that they have tools to fight against it. FedWatch now predicting no rate hike at the next FOMC Meeting on May…