Category: Latest News
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North American Morning Briefing: Apple Results Buoy Stock Futures
Market Wraps Watch For: Employment Report for April; Canada Labour Force Survey for April; earnings from AMC Entertainment, Enbridge, Warner Bros. Discovery Today’s Headlines/Must Reads – Is the Fed Done Raising Rates? – Pensions Consider Selling Stocks, Adding Credit – Twitter’s Blue Check Marks Become Polarizing Symbol of Elon Musk’s Tenure – Coinbase Tries Novel…
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Top Company News of the Day: Apple, Regional-Bank, IAG, Air France-KLM
Apple Finds Strength in India as Overall Sales Fall for Second Straight Quarter The company logged strong iPhone growth in places such as India, Indonesia, Latin America and the Middle East, a sign of resilience as the tech giant continues to face economic uncertainty. Regional-Bank Shares Dive as Investors Fret About Contagion PacWest Bancorp and…
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US Futures, European Stocks Rise
In the U.S., futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average increased 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.3% in morning trading. Scatec rose 7.1% and Castellum added 6.8%. On the other hand,…
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Apple Reports Weaker Sales, Beats Expectations; DoorDash Sales Soar
Apple Reports Weaker Sales for Second Straight Quarter The iPhone maker posted a sales decline as demand has waned for some of its products after reaching record levels during the pandemic. Lyft Grew First-Quarter Revenue During Tumultuous Period The ride-sharing company said its revenue rose and its adjusted earnings fell in the first quarter, as…
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Crypto this Thursday: Alibaba Cloud creates Metaverse Launchpad, El Salvador zeroes taxes on tech Innovations, and more
Alibaba Cloud builds Metaverse Launchpad into Avalanche Alibaba’s cloud division (NYSE:BABA) has launched a launch pad called Cloudverse for companies to deploy metaverses on the Avalanche blockchain. Avalanche will provide the technology to build the metaverse spaces, while Alibaba Cloud will provide the compute and storage. The platform is designed to provide an end-to-end platform for companies…
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Regional Bank Concerns May Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to lower open on Thursday, with stocks likely to see further downside after moving notably lower over the two previous sessions. Ongoing concerns about turmoil among regional banks may weigh on Wall Street, with shares of PacWest Bancorp (PACW) plummeting by 37.2 percent in pre-market…
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Thursday’s Wall Street Highlights: PacWest, Salesforce, Shell, Moderna and more
On Thursday, US stock futures saw a pullback as investors eyed the Fed’s recent decision, as well as ongoing banking sector stress and Apple’s upcoming earnings release. By 8:07 AM, Dow Jones futures were down 131 points, or -0.39%. S&P 500 futures were down -0.41%, while Nasdaq-100 futures were down 0.15%. On Wednesday, the Dow fell…
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North American Morning Briefing: Muted Start Likely as Banking Worries Mount; Apple Eyed
Market Wraps Watch For: Weekly Jobless Claims; Trade for March; Canada Trade for March; Earnings from Apple, Lyft, Coinbase, ConocoPhilips, Wayfair, Paramount Global, Moderna, Kellogg, Block Today’s Top Headlines/Must Reads: – Scrambling to Avoid Default, White House Weighs Debt-Limit Fallback Options – Corporate Profit Margins Are Finally Stabilizing, Creating New Tailwind for Stocks – Bankrupt…
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Top Company News of the Day: Shell, AB InBev, Volkswagen, PacWest
Shell Earnings Top Views, Details Buyback Shell announced a $4 billion share buyback and reported first-quarter adjusted earnings of $9.7 billion, beating expectations, but falling on quarter due to tax movements and lower prices. AB InBev Earnings Boosted by Revenue Beat AB InBev reported a 14% rise in normalized earnings to $4.8 billion on above-forecast…
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US Futures Fall, European Stocks Mixed Ahead of ECB Rate Decision
In the U.S., futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average fell 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 rose 0.3% in morning trading. Uniper added 5% and Hargreaves Lansdown rose 4.4%. On the other…