Category: Latest News
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Futures Pointing To Modest Pullback On Wall Street
The major U.S. index futures are currently pointing to a slightly lower open on Friday, with stocks likely to give back ground following the rally seen in the previous session. Traders may look to cash in on yesterday’s surge, which saw the S&P 500 end the day just shy of its record closing high. Concerns…
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Tesla Has ‘Very Poor’ January, Losing Share Worldwide, Says UBS
Electric car manufacturer Tesla (NASDAW:TSLA) has had a bad start to the year, losing market share across key regions, according to a note from USB. The bank said on Friday that the company’s European sales plunged 51% year on year, making it the “biggest loser” in the region. Chinese retail sales also dropped 15% year…
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GameStop Shares Jump 7.7% As Company Considers Investing In Bitcoin And Other Crypto
Meme stock GameStop (NYSE:GME) is considering investing in Bitcoin and other cryptocurrencies, a report in CNBC says. It cites sources familiar with the matter, and says it is a result of GameStop’s move to diversify its assets. The company’s share price rocketed 7.7% in after hours trading on Thursday, showing investors approval of this potential…
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U.S. Stocks Rally Even As Producer Prices Rise More Than Expected
Stocks moved sharply higher over the course of the trading day on Thursday, extending the significant recovery from the sell-off seen early in Wednesday’s session. The major averages all showed strong moves to the upside, with the tech-heavy Nasdaq leading the charge. The major averages saw continued strength going into the close, ending the day…
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U.S. Producer Prices Increased More Than Expected In January
Following yesterday’s hotter than expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices also increased by slightly more than anticipated in the month of January. The Labor Department said its producer price index for final demand rose by 0.4 percent in January after climbing by an upwardly…
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Optimism About Ukraine Peace Deal May Generate Early Buying Interest
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to extend the recovery from the sell-off seen early in the previous session. The markets may benefit from optimism about a possible peace deal between Russia and Ukraine following comments from President Donald Trump. Trump said he…
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Hertz Losses Wider Than Expected, Sending Shares Down
Car rental company Hertz Global (NASDAQ:HTZWW) saw its shares tumble premarket after it reported a wider-than-expected quarterly loss and missed revenue estimates. The company’s fourth quarter loss per share was $1.18, considerably over analysts’ expectations of a $0.65 loss. Revenue was $2.04 billion, also below the consensus estimate of $2.13 billion. Hertz’s shares fell 11%…
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Kraft Heinz Outlook Disappoints, Leading To Downgrade By BofA And Citi
Kraft Heinz (NASDAQ:KHC) has seen its stock downgraded by Bank of America and Citi after poor results and a disappointing outlook. The company posted a fourth straight quarter of missed sales targets, with net sales down 4.1% to $6.6bn in the three months to 28 December, as higher prices pushed shoppers away to cheaper alternatives. Sales…
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Datadog’s Earnings Beat Expectation But Weak Guidance Sends Shares Down 14%
Cloud monitoring and security platform provider Datadog (NASDAQ:DDOG) reported its earnings for the fourth quarter beat analyst expectations, but the company issued guidance that feel short of estimates. As a result, shares fell 14% in premarket trading. The company posted adjusted earnings per share of $0.49, beating the analyst consensus of $0.43. Revenue for the…
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U.S. Stocks Regain Ground After Early Sell-Off, Nasdaq Closes Slightly Higher
After moving sharply lower early in the session, stocks showed a notable recovery attempt over the course of the trading day on Wednesday. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq reaching positive territory. The Nasdaq inched up 6.09 points or less than a tenth of a…