Category: Latest News
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Goldman Sachs Profit Falls With Investment Banks And Accounting Decline In Consumer and Real Estate Portfolios
Goldman Sachs (NYSE:GS) profit plummeted as the Wall Street giant posted one of its weakest quarters under CEO David Solomon. Goldman Sachs Group reported Q2 earnings Wednesday of $3.08 per diluted share, down from $7.73 a year earlier. Analysts polled by Capital IQ expected $4.14. Earnings fell 58% on declines in investment banking, real estate…
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Wednesday’s Wall Street Highlights: ASML, Carvana, Microsoft, Meta Platforms and More
US Index Futures rose slightly premarket on Wednesday on anticipation of corporate earnings, a day after the Dow Jones hit its longest streak of gains since 2021. By 6:52 AM, Dow Jones (DOWI:DJI) futures were up 38 points, or 0.11%. S&P 500 futures were up 0.03%, while Nasdaq-100 futures were up 0.12%. The 10-year Treasury yield is at…
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North American Morning Briefing: Earnings Optimism Continues to Support Stocks
Market Wraps Watch For: Housing Starts for June; EIA Weekly Petroleum Status Report; earnings from Goldman Sachs, IBM, Netflix, Tesla Today’s Headlines/Must Reads – Antitrust Enforcers Issue Blueprint for Challenging More Mergers – Tech Stocks, Meme Stocks, Crypto: Investors Are Feeling Bold Again – U.S. Rate Rises Have Hit the Yen Hard, but Now It’s…
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US Futures, European Stocks 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 0.5% in morning trading. Persimmon PLC added 8.7% and Tritax Big Box REIT rose 8.3%.…
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Top Company News of the Day: Microsoft, AT&T, Oddity, Rio Tinto
Microsoft and Activision Blizzard Still Committed to $75 Billion Merger The companies plan to continue work to resolve lingering regulatory issues as the deadline to close the merger approaches. AT&T Halts Plans to Remove Lead Cables in Lake Tahoe Company estimates lead-clad cables represent less than 10% of its legacy phone network. Oddity Prices Closely…
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U.S. Stocks Extend Rally On Upbeat Earnings News
Stocks moved sharply higher over the course of the trading day on Tuesday, extending the strong upward move seen over the past several sessions. With the continued advance, the major averages all reached their best closing levels in over a year. The major averages finished the session just off their highs of the day. The…
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Crypto This Tuesday: BTC Under 30k, SEC to Review Valkyrie’s Bitcoin ETF, and More
Bitcoin price close to one-month low Bitcoin (COIN:BTCUSD) price is near a one-month low as economic data indicates continued growth in the US and traders brace for another Federal Reserve rate hike. Although the June Retail Sales report showed some weakness, excluding autos, gasoline, building materials and food services, retail sales grew by 0.6% in June. This boosts…
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Futures Edge Lower Following Disappointing Retail Sales Data
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move back to the downside after trending higher over the past several sessions. The futures edged lower following the release of a report from the Commerce Department showing retail sales in the U.S. increased…
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Tuesday’s Wall Street Highlights: Novartis, BofA, Dollar General, Uber, Masimo and more
US Index Futures operate without a defined direction in pre-market on Tuesday, awaiting economic data and corporate earnings, while European markets undergo adjustments and operate higher. By 6:53 AM, Dow Jones (DOWI:DJI) futures were up 2 points, or 0.01%. S&P 500 futures were down -0.07%, while Nasdaq-100 futures were down -0.15%. The 10-year Treasury yield is at 3.76%.…
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North American Morning Briefing: Fresh Batch of Bank Earnings to Dictate Mood
Market Wraps Watch For: Retail Sales for June; Industrial Production & Capacity Utilization for June; Canada Housing Starts for June; Canada CPI for June; Earnings from Morgan Stanley; Bank of America; Charles Schwab; PNC Financial; Bank of New York Mellon; Lockheed Martin Today’s Top Headlines/Must Reads: – Shoppers Likely Spent More Last Month as Inflation…