Category: Latest News
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US Futures Mixed, European Stocks Up After Debt Ceiling Deal Approved
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.8% in morning trading. Uniper rose 8% and Neste climbed 4.1%. On the other hand,…
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Top Company News of the Day: Exxon, Chevron, Remy Cointreau, Diageo, Purdue
ESG Blowback: Exxon, Chevron Investors Reject Climate Measures The shareholders’ votes, along with others in Europe, deal a blow to activists. Remy Cointreau Remains Cautious on Outlook Remy Cointreau reported a full-year operating profit of EUR430 million, above expectations, but said it still expects little growth in margins or sales in fiscal 2024, as U.S.…
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U.S. Stocks Close Weak As Investors Await Vote On Debt Ceiling
U.S. stocks ended weak on Wednesday after languishing in negative territory right through the day’s session. The major averages all ended with moderate losses despite coming off the day’s lows. The Dow, which dropped to 32,739.73 around mid morning, ended the session at 32,908.27 with a loss of 134.51 points or 0.41 percent. The S&P…
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Futures Pointing To Lower Open 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 following the mixed performance seen in the previous session. The downward momentum on Wall Street comes as traders keep an eye on debt ceiling developments, as a vote on raising the…
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Wall Street Highlights for Wednesday: Tesla, Goldman Sachs, C3.ai, Ambarella and more
The risk aversion environment prevails and puts pressure on US Index Futures, after China’s economy contracted for the second straight month in May, which adds evidence that the Asian country’s post-Covid recovery is losing momentum. The market also follows the vote in the plenary of the House of the bipartisan agreement to increase the debt…
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North American Morning Briefing: Stock Futures Hit by China Data; Debt-Ceiling Vote Looms
Market Wraps Watch For: Chicago Business Barometer – ISM Chicago Business Survey, Canadian GDP for March, Speeches by Fed governors Michelle Bowman and Philip Jefferson, Ford Motor Company May Sales Today’s Top Headlines/Must Reads: – China’s Recovery Slows Further as Factory, Services Activity Pulls Back – U.S. Manufacturers Seek China Alternatives as Tensions Rise –…
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US Futures, European Stocks Slip Amid US Debt-Deal Uncertainty
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 0.6% in morning trading. Uniper rose 13% and B&M European Value Retail added 3.6%. On…
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Top Company News of the Day: Boeing, Purdue, Hyundai, Kia
Boeing 737 MAX Victims’ Families Can Seek Compensation for Pain and Suffering, Judge Rules The aircraft maker has admitted responsibility for the 2019 crash, but has contested factoring victims’ precrash pain and suffering into damages. Purdue’s Sacklers Win Appeal, Regain Legal Shield Against Opioid Suits An appeals court has reinstated a Purdue bankruptcy settlement protecting…
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U.S. Stocks End On Mixed Note After Cautious Session
U.S. stocks ended mixed on Tuesday as the mood turned cautious around mid afternoon with investors awaiting the passage of the debt ceiling deal. Stocks, particularly from the technology section, started off on a firm note, although the broad market, however, was somewhat sluggish. The initial strength came following news President Joe Biden and House…
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Tether launches sustainable BTC mining in Uruguay, Mercedes-Benz launches NFT collection, and more
Tether Announces Sustainable Bitcoin Mining in Uruguay Tether (COIN:USDTUSD) has revealed plans to launch Bitcoin (COIN:BTCUSD) mining operations in Uruguay, in partnership with a local licensed company. The stablecoin issuing company has stated that it will use renewable energy sources, aiming at sustainable mining. Tether also plans to allocate part of its profits to buy Bitcoin regularly. “ Our…