Category: Latest News
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Thursday’s Wall Street Highlights: Netflix, Tesla, SAP, TSMC, Costco, Rentokil, Nokia, and more
US index futures showed mixed sentiment in early trading on Thursday. This comes amid a rise in long-term interest rates, reaching their highest levels since 2007 due to expectations of sustained high rates. Investors are digesting another batch of quarterly earnings while closely monitoring the evolving conflict between Israel and Hamas, which begins to influence…
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US Jobless Claims Stand At 198,000, Well Below Consensus
For the week ending October 14, the anticipated value for seasonally adjusted initial claims was 198,000, a decrease of 13,000 from the previous week’s revised level. The previous week’s level was revised upward by 2,000, from 209,000 to 211,000. The 4-week moving average was 205,750, a decrease of 1,000 from the previous week’s revised average.…
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American Airlines Reports Quarterly Loss Amid Rising Costs
American Airlines (NASDAQ:AAL) Reports Quarterly Loss Due to Aviation Fuel and New Labor Contracts. The company’s net loss in the third quarter ended on September 30 was $545 million, or 83 cents per share, compared to a profit of $483 million, or 69 cents per share, a year earlier. US airline investors fear travel boom…
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AT&T Raises Annual Free Cash Flow Target and Exceeds Subscriber Addition Estimates
The mobile telecommunications operator AT&T (NYSE:T) raised its annual free cash flow forecast on Thursday as its quarterly subscriber additions exceeded estimates due to promotions and phone upgrades. The company said it expects full-year free cash flow of around $16.5 billion, up from the previous forecast of $16 billion or more. Its value of $5.2…
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Third Quarter Results from Nokia Decline, Cutting Up to 14,000 Jobs; Stock Falls
Nokia Corp’s (NYSE:NOK) shares were losing about 4 percent in morning trading in Helsinki, as well as approximately 3 percent in pre-market activity on the NYSE, after the leading Finnish telecommunications company reported a sharp drop in its third-quarter profit and revenue on Thursday amid ongoing macroeconomic challenges. Additionally, the company maintained its financial outlook…
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TSMC’s Third-Quarter Profit Falls 24.9%, Exceeds Market Expectations
Taiwanese chipmaker TSMC (NYSE:TSM) reported a 24.9% drop in third-quarter net profit on Thursday as global economic problems hit demand for chips used in applications ranging from cars to cell phones and servers, coming off a high base last year. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a key supplier…
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Top 5 Moving Markets: Powell’s speech, Netflix, Tesla Earnings
1. Powell’s speech in the spotlight Jerome Powell is set to hold the spotlight Thursday, as the Federal Reserve chairman speaks at the Economic Club of New York later in the session, with markets nervous that he may strike a hawkish tone after a series of U.S. data pointed to strength in the economy. Fed policy…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Pre-Market U.S. Stock Movers Netflix Inc (NASDAQ:NFLX) surged about +13% in pre-market trading after the company reported stronger-than-expected Q3 EPS, posted its best subscriber growth in years, and confirmed it would start raising prices. Tesla Inc (NASDAQ:TSLA) slid over -5% in pre-market trading after the Austin-based company reported weaker-than-expected Q3 results. Las Vegas Sands Corp…
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US Futures Flat, European Stocks Slip
U.S. futures for the S&P 500 were flat 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 declined 0.8% in morning trading. Telia added 7.6% and EQT rose 7.5%. On the other hand, Uniper lost 27.4%,…
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Top Company News of the Day: Nokia, Nestle, SAP, Merck
Nokia to Cut Thousands of Jobs as Profit Plummets Nokia launched a plan to cut as many as 14,000 jobs as it seeks to save up to EUR1.2 billion after it posted a 45% fall in profit in the third quarter. Nestle Reports Sales Miss Nestle’s organic sales rose by a less-than-expected 7.8% in the…