Category: Latest News
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North American Morning Briefing: Caution Dominates Ahead of CPI Print as Debt Ceiling Fears Mount
Market Wraps Watch For: MBA Weekly Mortgage Applications Survey; CPI for April; Real Earnings for April; EIA Weekly Petroleum Status Report; Monthly Treasury Statement of Receipts and Outlays of the U.S. Government for April; Canada Building Permits for March; earnings from Beyond Meat, Disney, Icahn Enterprises, Robinhood Markets, Roblox, Wendy’s Today’s Headlines/Must Reads – Inflation…
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Top Company News of the Day: Credit Agricole, ANB AMRO, Toyota
Credit Agricole Beats Hopes Despite Amundi Outflows Credit Agricole reported first-quarter net profit and revenue that came in above expectations despite net outflows of EUR9.7 billion at its asset management division. ABN AMRO Posts Solid Profit Beat ABN AMRO posted above-forecast profits in the first quarter, helped by improved deposit margins from higher interest rates…
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US Futures Rise, European Stocks Mostly Up
In the U.S., futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 rose 0.1% in morning trading. Samhallsbyggnadsbolaget rose 13.2% and Alcon added 8.2%. On the other hand,…
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Airbnb’s Bookings Rise, Rivian Narrows Loss
Airbnb’s Bookings Rise Amid Strong Travel Demand The short-term rental company reported revenue of $1.8 billion in the first quarter, up 20% from a year earlier. Rivian stock jumps nearly 6% as EV maker narrows quarterly loss, keeps guidance intact Shares of Rivian Automotive Inc. rose nearly 6% in the aftermarket Tuesday after the electric-vehicle…
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Crypto this Tuesday: Paxful Resumes Operations, Binance Integrates Bitcoin Ordinals, and More
Goldman, Microsoft, Cboe team up to launch Blockchain network Goldman Sachs (NYSE:GS), Microsoft (NASDAQ:MSFT), Deloitte, Cboe Global Markets have joined the Canton Network, a new blockchain network aimed at connecting disparate institutional applications, according to Bloomberg. The network will test features in July and promises to offer greater privacy and controls than currently available. Other participating companies…
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U.S. Stocks May Move To The Downside In Early Trading
US Market The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move to the downside after ending yesterday’s choppy session little changed. Overseas weakness may carry over onto Wall Street amid ongoing concerns about the outlook for the global economy following disappointing Chinese trade data. Traders…
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Tuesday’s Wall Street Highlights: Goldman Sachs, PayPal, Palantir, IBM and more
US Index Futures fell ahead of speeches by Federal Reserve members and the publication of inflation data this week, which could provide hints on the outlook for the economy and monetary policy. The mood is also reinforced by an unexpected drop in imports from China. By 8:24 AM, Dow Jones futures were down 103 points, or…
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US Futures Slip, European Stocks Mainly Down
In the U.S., futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Grifols climbed 5.7% and Orkla climbed 5.2%. On the other hand,…
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Top Company News of the Day: UBS, Daimler, Goldman Sachs, KKR
UBS Outlines Leadership Team Ahead of Credit Suisse Deal UBS said Ulrich Koerner, current Credit Suisse CEO, will join the UBS executive board once the takeover is closed, while Todd Tuckner will take on the role of CFO. Daimler Truck Boosted by Strong Demand Daimler Truck posted sharply higher underlying earnings of EUR1.1 billion in…
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U.S. Stocks Close Little Changed Following Lackluster Session
Following the significant rebound seen during last Friday’s session, stocks showed a lack of direction over the course of the trading day on Monday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session narrowly mixed. While the Dow edged down 55.69 points or…