Category: Latest News
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Apple Beats Q1 Revenue and Earnings Estimates Amid China Sales Drop, Shares Dip 3% in Early Trading
The technology behemoth Apple (NASDAQ:AAPL) unveiled its quarterly outcomes following the market closure on Thursday, surpassing revenue and earnings expectations for the first quarter, yet facing a significant downturn in sales within China, one of the firm’s crucial markets. Apple’s shares are witnessing a 3% decrease in Friday morning’s trading activities. Although Apple exceeded expectations…
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Meta Platforms Surges Over 17% with Q4 Earnings Beat and First-Ever Dividend Announcement
Meta Platforms (NASDAQ:META) exceeded earnings and revenue estimates in its fourth-quarter report on Thursday and announced its inaugural dividend payment, propelling its shares to soar more than 17% in response. Meta Platforms is also traded on the B3 through BDR (BOV:M1TA34). Meta reported earnings of $5.33 per share against the $4.96 per share expected by…
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U.S. Stocks Show Strong Move Back To The Upside After Yesterday’s Sell-Off
Following the sell-off seen in the previous session, stocks showed a strong move back to the upside during trading on Thursday. The major averages fluctuated early in the session but climbed firmly into positive territory as the day progressed. The major averages finished the session near their best levels of the day. The Dow jumped…
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U.S. Unemployment Benefit Claims Up, U.S. Labour Productivity Surges
First-time claims for U.S. unemployment benefits unexpectedly saw a modest increase in the week ended January 27th, according to a report released by the Labor Department on Thursday. The Labor Department said initial jobless claims rose to 224,000, an increase of 9,000 from the previous week’s revised level of 215,000. Economists had expected jobless claims…
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Futures Pointing To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to regain ground following the sell-off seen in the previous session. Some traders may see the steep drop seen on Wednesday as a buying opportunity amid optimism the markets will resume the upward trend seen throughout much of…
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Fed Maintains Interest Rate, Withdraws Mention Of possible Additional Tightening, But Still Does Not Signal Cut
The Federal Open Market Committee (FOMC) kept interest rates unchanged in the range between 5.25% and 5.50% this Wednesday, in line with investor consensus, still giving no indication of when an expected cycle of cuts will begin, but removing from his text a section that had been alluding to possible new interest rate hikes in…
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U.S. Stocks Move Sharply Lower As Fed Casts Doubt On March Rate Cut
Stocks moved sharply lower over the course of the trading day on Wednesday, with the major averages all moving to the downside following the mixed performance seen in the previous session. The tech-heavy Nasdaq posted a particularly steep loss, extending the notable pullback seen on Tuesday. The major averages finished the session near their worst…
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Crypto: Tether Records Historic Profit, Co-founder of Ripple’s Accounts Breached, and More
Bitcoin stabilizes after bear resistance Bitcoin (COIN:BTCUSD) has plateaued after bears blocked its growth, keeping the price at $43,578 with a 1.44% increase in the last 24 hours. Analyst Ali Martinez sees this level as a buying opportunity, especially after the MVRV index fell below the 90-day average, indicating potential recovery. On the other hand,…
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Nasdaq Net Profit Falls 17.92% in 4Q23 And Stands at US$197 million
Nasdaq (NASDAQ:NDAQ) reported net income of US$197 million in the fourth quarter of 2023, a drop of 17.92% compared to the same period last year. On the same basis of comparison, net revenue – which excludes transaction costs – totaled US$1.64 billion, an increase of 3.8%. The results reflect the positive impact of the acquisition…
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Boeing Reports Smaller-Than-Expected Fourth-Quarter Loss
Boeing (NYSE:BA) announced a reduction in its fourth-quarter loss, exceeding expectations thanks to an increase in aircraft deliveries that boosted its revenue. The North American aerospace and defense company narrowed its net loss to $30 million in the final three months of the year, a significant improvement from its $663 million loss in the same…