Category: Market Summary
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Google Ad Revenue Drops, Microsoft Shares Climb On Stronger-Than-Expected Growth
Google Ad Revenue Drops for Second Straight Quarter The search giant (NASDAQ:GOOGL) is trying to jump-start growth amid a volatile digital ad market and competition in AI. Microsoft Shares Climb After It Posts Stronger-Than-Expected Growth The software giant’s (NASDAQ:MSFT) cloud computing business has decelerated as companies become more cautious. Visa earnings top expectations as payment…
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Tuesday’s Wall Street Highlights: First Republic, UPS, McDonald’s, GM and more
Main subjects of the day US stock futures fell on Tuesday as traders await the week’s earnings from major tech companies as well as new economic data, and watch for bad news from regional banks. By 8:20 AM, Dow Jones futures (DOWI:DJI) were down 68 points, or 0.20%. S&P 500 futures (SPI:SP500) and Nasdaq-100 futures (NASDAQI:COMP) were down 0.37% and 0.33%,…
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US Futures, European Stocks Slip
In the U.S., futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average decreased 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 (STOXX:SSXP) declined 0.4% in morning trading. Wartsila rose 6.3% and Kuehne + Nagel Intl added 5.5%.…
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First Republic Lost $100B in Deposits, Coca-Cola posts higher sales
First Republic Lost $100 Billion in Deposits in Banking Panic The bank said it will cut head count by as much as 25% and slash executive pay as it restructures its balance sheet. Apple Wins Appeal in App Store Case Brought by Epic Games A federal appeals court upheld a ruling that mostly sided with…
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Monday’s Wall Street Highlights: Coca-Cola, Philips, Credit Suisse, C3.ai and more
Main subjects of the day By 8:18 AM, Dow Jones futures were down 43 points, or 0.13%. S&P 500 and Nasdaq-100 futures fell 0.12% and 0.14%, respectively. The main indices fell last week, with the Dow Jones (DOWI:DJI) down 0.23% and ending a four-week streak of gains. The Nasdaq (NASDAQI:NDX) shed 0.42%, while the S&P (SPI:SP500) shed 0.1%. This week,…
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US Futures, European Stocks Slip, With Earnings in Focus
In the U.S., futures for the S&P 500 were down 0.5% and futures for the Dow Jones Industrial Average fell 0.5%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Koninklijke Philips rose 9.3% and THG climbed 6.4%. On the other…
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Lyft to cut jobs, HCA Smashes Earnings Expectations
Lyft to Cut at Least 1,200 Jobs in New Round of Layoffs The latest cuts could impact 30% or more of the ride-sharing company’s more than 4,000 employees. P&G Earnings Powered by Higher Prices, Again The maker of Tide and Gillette increased product prices by 10% in the quarter that ended in March. Tesla raises…
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Tesla Raises Prices After Share Drop, Procter & Gamble Raises Prices
Tesla Raises Prices After Share Drop Tesla (NASDAQ:TSLA) has raised the prices of its two most expensive models, hours after its shares dropped due to concerns that its aggressive price-cutting policy would harm profits. The electric car maker is lowering prices in the US to boost demand and fill its factories in California, Texas, Germany,…
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Eurozone Activity Rises, UK Retail Sales Contract in March, Japan’s Inflation Outpaces Expectations
Rapid Support Forces Announce Ceasefire The Rapid Support Forces, a militia group fighting against Sudan’s ruling military junta, has announced a 72-hour ceasefire for the Muslim holiday of Eid al-Fitr, with the purpose of opening up humanitarian corridors to evacuate citizens. The army has not responded to the announcement. Previous attempts at a ceasefire since…
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SpaceX Starship Launch Fails, BuzzFeed Shuts Down News, BHP Lowers Production Outlook
Disappointing Earnings Reports Decline Stocks US and European stocks declined on Thursday after several disappointing first-quarter earnings reports. The S&P 500 index (SPI:SP500) fell by 0.6%, while the Nasdaq Composite (NASDAQI:NDX) dropped by 0.8%. Shares in Tesla (NASDAQ:TSLA) fell nearly 10% after the company reported that price cuts had further lowered its profit margin. AT&T…