Category: Latest News
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Amazon beats sales expectations, Snap falls 20% on revenue miss
Amazon Sees Surging Growth After Postpandemic Slowdown The company’s first-quarter sales increased by 9% year-over-year to $127.4 billion, beating Wall Street projections. It posted $3.2 billion in quarterly profit, almost 50% higher than analysts expected. Intel Suffers Largest-Ever Loss Amid PC Slump, Fierce Competition The chip maker has embarked on cutting costs while pursuing a…
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Crypto this Thursday: Hackers Break Into AT&T Email Accounts, Readii Launches Web3 Internet Service, and More
Readii launches the first Web3 Internet service Sydney-based telecommunications company Readii has announced the launch of its Web3-enabled internet service, which allows customers to earn cryptocurrencies while surfing the internet. “This is made possible through Readii’s proprietary Web3 router […] capable of storing a customer’s private cryptographic key,” it said in an announcement. In exchange for using…
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Wall Street Highlights for Thursday: Meta Platforms, Amazon, Disney, Eli Lilly and more
Main subjects of the day US stock futures rose on Thursday, reacting to strong results from Meta Platforms. By 8:44 AM, Dow Jones futures were up 142 points, or 0.42%. S&P 500 and Nasdaq-100 futures advanced 0.45% and 0.84%, respectively. Risky assets fell again on Wednesday. What moved the markets the most yesterday was the news that the…
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Futures Pointing To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to initial strength on Thursday, with stocks likely to move mostly higher following the mixed performance seen in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from Facebook parent Meta Platforms (META). Shares of Meta are spiking by…
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North American Morning Briefing: Meta Gives Boost to Nasdaq; GDP Report Up Ahead
Market Wraps Watch For: Weekly Jobless Claims; Weekly Export Sales; Advance GDP estimate for 1Q; Pending Home Sales for March; Kansas City Fed Survey for April; Fed Discount Window Borrowings; Canada Payroll Employment for February; Johnson & Johnson shareholders meeting; Earnings from Merck, MasterCard, Comcast, Caterpillar, Intel Opening Call: Stock futures rose on Thursday after…
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Top Company News of the Day
Deutsche Bank Reports Higher Profit in Tumultuous Quarter Deutsche Bank said its business held up well during March’s banking turmoil, with first-quarter profit rising 8% as it continued to benefit from rising interest rates. AstraZeneca Revenue Hurt by Drop in Covid-19 Drug Sales AstraZeneca backed its 2023 guidance, after it posted a first-quarter profit of…
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US Futures Rose, European Stocks Mixed Ahead of US GDP Data
In the U.S., futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. SimCorp rose 38.8% and NEL added 15.5%. On the other hand,…
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Meta shares pop on sales increase, Roku earnings beat
Facebook Parent Meta Platforms Sees First Sales Increase in Nearly a Year The company (NASDAQ:META) reported revenue of $28.6 billion, up 3% from a year prior, as it continues to improve after the loss of ad-tracking capabilities in 2021. Bristol-Myers CEO Giovanni Caforio to Step Down Chief Commercialization Officer Christopher Boerner will take over after…
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Crypto this Wednesday: NEAR Blockchain Goes Live, WeChat Integrates Digital Yuan, and More
Circle CEO says USDC is Empowered by US Banking crisis Stablecoin USDC (COIN:USDCUSD) has emerged from the March banking crisis stronger and safer, Jeremy Allaire, CEO of broadcaster Circle Internet Financial, said on Wednesday onstage at CoinDesk’s Consensus conference. The USD Coin, a critical rail for moving money through the crypto industry, lost its peg to…
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Upbeat Tech Earnings May Lead To Rebound On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with tech stocks likely to help lead a rebound on Wall Street following the sell-off seen in the previous session. The upward momentum partly reflects a positive reaction to earnings news from Microsoft (MSFT), as the software giant is…