Category: Latest News
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Goldman Sachs’ Q1 net revenue totals $14.21B
Goldman Sachs Group Inc. (NYSE:GS) announced on Monday that its net revenue for the first quarter of 2024 was $14.21 billion, while net earnings were $4.13 billion. According to the report, diluted earnings per common share (EPS) stood at $11.58, and the annualized return on average common shareholders’ equity (ROE) was 14.8% for the there…
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US home builder confidence unchanged in April
Builder confidence in the United States for newly-built single-family homes remained unchanged in April, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released on Monday showed. Explore strategic opportunities by accessing our comprehensive economic calendar today The reading stood at 51, flat compared to the previous month, marking the fourth consecutive…
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US business inventories up by 0.4% in February
Inventories in the manufacturing and trade sectors in the United States increased by 0.4% in February, compared to the previous month to stand at $2,567.5 billion, according to a report by the US Census Bureau released on Monday. The figure was 1.0% higher on a yearly comparison basis. Explore strategic opportunities by accessing our comprehensive…
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U.S. Retail Sales Up More Than Expected
The Commerce Department released a report on Monday showing U.S. retail sales increased by much more than expected in the month of March. The report said retail sales climbed by 0.7 percent in March after advancing by an upwardly revised 0.9 percent in February. Economists had expected retail sales to rise by 0.3 percent compared…
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Upbeat Earnings, Retail Sales Data May Generate Buying Interest
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground following the sell-off seen last Friday. A positive reaction to earnings news from Goldman Sachs (NYSE:GS) may generate early buying interest, as the investment banking company is surging by 4.1 percent in pre-market trading. The…
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U.S. Index Futures Surge after Dow Jones’ Worst Week, Oil Prices Dip
U.S. index futures are up in Monday’s pre-market trading, with Wall Street rebounding from the worst week of the year for the Dow Jones index and facing challenges from Iran’s recent missile and drone attack on Israel. At 06:33 AM, Dow Jones futures (DOWI:DJI) were up 99 points, or 0.26%. S&P 500 futures rose 0.43%,…
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Samsung Surpasses Apple in Q1 Smartphone Market; Salesforce in Talks to Acquire Informatica, and More News
Apple (NASDAQ:AAPL) – In the first quarter of 2024, Apple’s smartphone shipments fell by 10%, challenged by Android competitors. Samsung led with a 20.8% market share, reversing Apple’s position. Apple sold 50.1 million iPhones, down by 5.3 million from the previous year. Sales in China declined by 2.1%. Recently, the stock market reacted to the…
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U.S. Stocks Pulling Back Sharply As JPMorgan Chase Disappoints
Following the notable rebound seen in the previous session, stocks have shown a significant move back to the downside during trading on Friday. The major averages have all slid firmly into negative territory, with the Dow falling to a two-month intraday low. Currently, the major averages are just off their worst levels of the day.…
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Aptos Declines Ahead of Token Unlock, Hong Kong Nears Approval of Crypto ETFs, and More Updates
Cryptocurrency Aptos’ performance declines ahead of major token release The layer-1 blockchain cryptocurrency Aptos (COIN:APTUSD) underperformed the general cryptocurrency market this week, falling nearly 20% ahead of a significant token unlocking event. Scheduled for April 12, the event will release 24.84 million APT tokens that were previously locked, representing about 6% of the circulating supply…
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Import and Export Prices Rise
Import prices in the U.S. increased by slightly more than expected in the month of March, according to a report released by the Labor Department on Friday. The report said import prices climbed by 0.4 percent in March after rising by 0.3 percent in February. Economists had expected import prices to increase by another 0.3…