Category: Latest News
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North American Morning Briefing: Stock Futures Struggle as Fed Awaited
Market Wraps Watch For: New Home Sales for June; EIA Weekly Petroleum Status Report; Fed interest rate decision; earnings from AT&T, Boeing, Coca-Cola, Meta Platforms Today’s Headlines/Must Reads – Should Fed Stick to Script With Rate Hike as Inflation Wanes? – Biotech Stocks Join AI-Fueled Rally – Google and Microsoft Paying Big to Play in…
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US Futures Mixed, European Stocks Mostly Down as Market Awaits Fed Decision
In the U.S., futures for the S&P 500 were flat 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 dropped 0.2% in morning trading. Polymetal International added 23.3% and Rolls-Royce Holdings rose 23%. On the other…
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Top Company News of the Day: NatWest, Deutsche Bank, Rio Tinto, Santander
NatWest CEO Steps Down After Political Fallout From Closed Account Alison Rose had talked to a BBC journalist about the account of Nigel Farage, a leading Brexit campaigner. Deutsche Bank Hit by Higher Costs, Plans EUR1 Billion Return Deutsche Bank posted a lower second-quarter net profit of EUR763 million after it booked higher costs and…
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Dow Closes Higher For Twelfth Straight Session On Upbeat Earnings
Stocks fluctuated over the course of the trading day on Tuesday but largely maintained a positive bias throughout the session. While the tech-heavy Nasdaq outperformed its counterparts, the Dow managed to close higher for the twelfth straight session. The Nasdaq climbed 85.69 points or 0.6 percent to 14,144.56 and the S&P 500 rose 12.82 points…
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Crypto This Tuesday: EDX Markets Integrates with Talos, Robinhood Announces UK CEO, and More
UK launch of Worldcoin (WLD) faces regulatory investigation over privacy concerns The recent launch of Worldcoin (WLD) has come under regulatory scrutiny in the UK due to privacy concerns. The Information Commissioner’s Office (ICO) is investigating its operations. The project, which launched on July 24 after more than three years of development, has faced criticism for its…
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Verizon Sees 10.3% Drop In Q2 Profit, Revenue Down 3.5%
Verizon (NYSE:VZ), the largest US wireless carrier by number of subscribers, reported net income of $4.8 billion for the second quarter of 2023, down 10.3% from the same period a year earlier. Revenue fell 3.5% year-on-year to $32.6 billion. The drop in profit reflects a pre-tax loss on special items of $598 million, including severance…
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General Motors Posts Net Income Of $2.57 Billion In Q2, Up 51.6%
General Motors (NYSE:GM) reported net income of US$ 2.57 billion in the second quarter, up 51.6% in the annual comparison. The American automaker added revenues of US$ 44.7 billion between April and June, growth of 25.1% over the same period of 2022. “I’m pleased to share with you that GM’s operating results continue to demonstrate…
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3M Reverses Profit And Has A Loss Of US$ 6.8 Billion In 2Q23
3M (NYSE:MMM) reported a loss of US$6.841 billion in the second quarter of 2023, compared to a profit of US$82 million reported in the previous period. On the same basis of comparison, revenue totaled US$ 8.325 billion, a decrease of 4.33%. According to the company, the results reflect the reduction in the sale of electronic…
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Spotify Sees Second-Quarter Loss Spike, But Hits User Target and Stocks Plummet
Spotify (NYSE:SPOT) recorded a net loss of 302 million euros in the second quarter, up 142% in losses over the same period of 2022. The company points out that it reached 551 million users at the end of June, a growth of 27% in the year, above the proposed target. The net addition of 36…
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Tuesday’s Wall Street Highlights: GM, TSMC, Spotify, F5 Networks and more
US Index Futures are up in premarket Tuesday, with an eye on quarterly results, in addition to expectations of interest rates setting in the world’s largest economy tomorrow. By 07:16 AM, Dow Jones (DOWI:DJI) futures were up 22 points, or 0.06%. S&P 500 futures were up 0.12%, while Nasdaq-100 futures were up 0.33%. The 10-year Treasury yield is…