Category: Latest News
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Oil Trading Higher
Oil prices traded higher after data showed a significant drop in U.S. crude stockpiles last week and China cut reserve requirements for banks in order to spur growth, bolstering sentiment around the country’s economic recovery. Middle East tensions have continued to support prices, but analysts don’t expect to see strong gains unless supply gets materially…
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Wall Street Highlights: Nokia’s Margins Surprise, FAA Halts Boeing Production Expansion, and More
In the pre-market on Thursday, U.S. index futures are showing positive performance, with investors keeping an eye on the fourth-quarter GDP. At 05:45 AM, Dow Jones futures (DOWI:DJI) rose by 102 points, or 0.27%. S&P 500 futures increased by 0.07%, and Nasdaq-100 futures remained stable. The yield on 10-year Treasury bonds stood at 4.157%. In…
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US Futures Mixed, European Stocks Fall Ahead of ECB Rate Decision
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average increased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Nokia climbed 6.5% and Netcompany Group rose 6.1%. On the other hand, IG Group…
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Top Company News of the Day: Nokia, Publicis, Boeing, Hewlett Packard
Nokia Starts to See Green Shoots Despite Ongoing Challenges Nokia expects the challenging network industry environment to continue through the first half of 2024 as operator spending remains muted, but said the situation should improve later in the year. Publicis Sales Growth Picks Up Publicis said organic revenue growth accelerated to 5.7% in the fourth…
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U.S. Stocks Pull Back Well Off Highs As Treasury Yields Rebound
Stocks showed a strong move to the upside in early trading on Wednesday but gave back ground over the course of the session. The major averages pulled back well off their highs of the session in afternoon trading, with the Dow sliding into negative territory. The major averages eventually ended the session mixed. While the…
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Crypto: Core Scientific’s Nasdaq Return, Meta Faces Digital Asset Investigation, and More
Bitcoin recovers $40,000 mark on Wednesday Bitcoin (COIN:BTCUSD) reclaimed the $40,000 level after a brief dip below that value, registering a modest 0.5% increase in 24 hours, trading at $40,040. “After more than a 20% drop, BTC found the 100-period moving average. A very strong support with many robots programmed to buy in this region.…
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Oil Inventories Report Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended January 19th at 10:30 am ET. Crude oil inventories are expected to decrease by 3.0 million barrels after falling by 2.5 million barrels in the previous week. At 1 pm ET, the Treasury Department is due to announce…
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Upbeat Netflix Results May Add To Optimism About Tech Earnings
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move to the upside following the lackluster performance seen in the previous session. Technology stocks may help lead an early advance on Wall Street, as reflected by the 0.9 percent jump by the Nasdaq 100 futures. The…
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AT&T: EPS down 11% in Q4
AT&T (NYSE:T) reported a net income of $2.13 billion in the fourth quarter of 2023, reversing a loss of $23.5 billion a year ago. Revenues totaled $32 billion between October and December, a growth of 2.2% over the same period in 2022. In the last three months of 2023, AT&T reported an adjusted earnings per…
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Copper, Aluminum Up
Copper prices rose almost 1.5% on supply concerns and hopes for a new stimulus package in top consumer, China. “The copper market this year is set to be in its tightest state since 2021,” Goldman Sachs said. “The market has suffered a supply shock over the past quarter from a series of mine supply downgrades,…