Category: Market Summary
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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…
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Tesla Stock Slips, Google Combines AI Research Units
Google Combines AI Research Units Brain and DeepMind The search giant (NASDAQ:GOOGL) is merging AI resources to accelerate progress in technology that is reshaping business. AT&T Sees Signs of Businesses, Consumers Paring Back Spending AT&T (NYSE:T) says demand for its wireless plans is being dented by corporate cost cutting and layoffs. Tesla Stock Slips After…
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Global Banks Shift to Eurozone, Ikea Invests Big in US, AT&T’s Postpaid Phone Slowdown
Ikea Invests Big in US Ikea is investing €2bn into the US market, its largest investment in a single country. The company plans to open eight new large stores and nine smaller planning studios and order points over the next three years. By doing so, Ikea hopes to take advantage of the current economic downturn…
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Renault Warns Against Reducing EV Prices, Bed Bath & Beyond Prepares for Bankruptcy
Mixed Earnings Affect Stocks European stocks showed a slight decrease while US equity futures declined as investors analyzed mixed corporate earnings and reviewed the most recent assessment of the US economy for hints about the path for interest rates. The Stoxx Europe 600 (STOXX:SSXP) saw a boost in banking stocks, but autos experienced a decline,…
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US Futures, European Stocks Fall With Focus on Earnings
In the U.S., futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average fell 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. THG rose 10.7% and Husqvarna Series B added 5.2%. On the…
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Tesla Earnings Dented by Price Cuts, IBM stock ticks higher on earnings beat
Tesla Earnings Dented by Price Cuts Tesla Inc. (NASDAQ:TSLA) reported a 24% decline in first-quarter profit after a wave of price cuts dented the electric-vehicle maker’s bottom line. IBM stock ticks higher on earnings beat IBM (NYSE:IBM) shares ticked higher in the extended session Wednesday after Big Blue topped earnings estimates. Fox Has Settled One…
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Morgan Stanley’s Profit Declines, Sega Acquires Angry Birds, Merck’s $10.8 Billion Acquisition
US Equities Decline on Mixed Earnings US equity futures declined while bond yields rose on Wednesday as traders analyzed the most recent corporate earnings reports against the background of another high inflation print from one of the world’s major economies. The rates-sensitive Nasdaq 100 (NASDAQI:NDX) fell 0.8%, and the S&P 500 (SPI:SP500) was down 0.6%.…
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Wednesday’s Wall Street Highlights: Western Alliance, Morgan Stanley, ASML, Tesla and more
Main subjects of the day US stock futures fell on Wednesday as investors digested double-digit inflation in the UK that triggered government bond sales, and the latest batch of quarterly earnings. By 8:39 AM, Dow Jones futures were down 122 points, or -0.36%. S&P 500 and Nasdaq-100 futures fell -0.63% and -0.85%, respectively. Treasury yields soared…