Category: Latest News
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Futures Pointing To Modestly Lower Open On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move to the downside following the lackluster performance seen in the previous session. Traders may look to cash in on recent strength in the markets ahead of the Federal Reserve’s monetary policy announcement on…
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Shares plummet as Cheg loses subscribers and disappointing second quarter outlook
Chegg (NYSE:CHGG), a leading US online education platform, reported a decline in the number of subscribers to subscription services in its first-quarter earnings report on Monday, and lowered its second-quarter forecast from analysts’ expectations. The announcement caused the stock to plummet in after-hours trading. “As artificial intelligence technology continues to advance at a rapid pace,…
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North American Morning Briefing: Stock Futures Dip As Fed Decision Looms
Market Wraps Watch For: Federal Open Market Committee meeting; Earnings from Pfizer, Ford Motor, Starbucks, Uber Today’s Top Headlines/Must Reads: – How Washington Got On Board With a Big-Bank Deal for First Republic – Tight Supply Fuels Demand for Newly Built Homes – Investors Are Piling Into Actively Managed ETFs – Goldman Sachs CIO Tests…
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US Futures Flat, European Stocks Rise
In the U.S., futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 rose 0.2% in morning trading. Electrolux Series B rose 6.8% and Persimmon PLC climbed 5.4%. On the other…
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HSBC Profits Surge, First Republic Sold to JPMorgan
HSBC Profit Surges in First Quarter on Interest Income, Accounting Gains The bank announced its first quarterly dividend since 2019. BP Profit Slows, but Beats Views BP reported a first quarter underlying replacement cost profit of almost $5 billion, and said it planned to launch an additional $1.8 billion share buyback. First Republic Bank Is…
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U.S. Stocks Finish Choppy Trading Session Slightly Lower
Following the notable advance seen to close out the previous week, stocks showed a lack of direction throughout much of the trading session on Friday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session slightly lower. While the Dow dipped 46.46 points or…
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Unemployment Rate Seen Ticking Up to 3.6%
The following are median forecasts for this week’s remaining U.S. data from a survey compiled by The Wall Street Journal. The FOMC statement is scheduled for Wednesday at 2:00 p.m. ET, followed by a press conference with Fed Chairman Jerome Powell at 2:30 p.m. ET. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Tuesday 1000 Job…
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JPMorgan Bids To Buy First Republic, Arm Files For IPO
JPMorgan, PNC Submit Bids to Buy First Republic in Government-Led Sale The FDIC is expected to name a winning bidder before First Republic opens Monday morning. Astellas Pharma to Buy Iveric Bio The Japanese drugmaker said it agreed to acquire Iveric bio for about $5.9 billion to strengthen its capabilities in the ophthalmology field. SoftBank’s…
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U.S. Stocks Move Mostly Higher Following Early Volatility, FOMC Next Week
After initially showing a lack of direction, stocks moved mostly higher over the course of the trading session on Friday. The major averages extended Thursday’s rally, with the Nasdaq reaching a seven-month closing high, while the Dow and the S&P 500 reached their best closing levels in over two months. The major averages saw further…
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Crypto this Friday: Binance enters Japan, BTC holds at $ 29K and more
Etherisc Launches Chainlink-Powered USDC Peg Protection Etherisc, the open-source decentralized insurance protocol and ecosystem, has released a depeg USDC protection hedge to the public, a press release said. In case of a depeg, the solution protects USDC (COIN:USDCUSD) deposits in non-custodial wallets with automated pre-specified payments, verified through the Chainlink Data Feed. As soon as the USDC to…