Category: Include on Menu
-
3M Reverses Profit And Has A Loss Of US$ 6.8 Billion In 2Q23
3M (NYSE:MMM) reported a loss of US$6.841 billion in the second quarter of 2023, compared to a profit of US$82 million reported in the previous period. On the same basis of comparison, revenue totaled US$ 8.325 billion, a decrease of 4.33%. According to the company, the results reflect the reduction in the sale of electronic…
-
Spotify Sees Second-Quarter Loss Spike, But Hits User Target and Stocks Plummet
Spotify (NYSE:SPOT) recorded a net loss of 302 million euros in the second quarter, up 142% in losses over the same period of 2022. The company points out that it reached 551 million users at the end of June, a growth of 27% in the year, above the proposed target. The net addition of 36…
-
Tuesday’s Wall Street Highlights: GM, TSMC, Spotify, F5 Networks and more
US Index Futures are up in premarket Tuesday, with an eye on quarterly results, in addition to expectations of interest rates setting in the world’s largest economy tomorrow. By 07:16 AM, Dow Jones (DOWI:DJI) futures were up 22 points, or 0.06%. S&P 500 futures were up 0.12%, while Nasdaq-100 futures were up 0.33%. The 10-year Treasury yield is…
-
US Futures, European Stocks Mixed Ahead of Central Bank Meetings
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Orpea rose 15.2% and Polymetal International climbed 12%. On the other hand,…
-
Top Company News of the Day: Unilever, Shell, Remy Cointreau, Alstom
Unilever Lifts Guidance as Sales Growth Tops Views Unilever posted underlying sales growth of 7.9% for the second quarter, ahead of consensus forecasts, as price increases outweighed a slight decline in volumes, and it raised its full-year sales target. Shell to Sell 35% Interest in Indonesia’s Masela Block for Up to $650 Million Shell is…
-
U.S. Stocks Move Mostly Higher, Dow Extends Winning Streak
After ending last Friday’s trading narrowly mixed, stocks moved mostly higher during trading on Monday. The major averages all moved to the upside, with the Dow once again reaching its best closing level in well over a year. The major averages gave back some ground going into the close but remained in positive territory. The…
-
Crypto This Monday: Worldcoin (WLD) launches, DOGE rises after Twitter rebrand, and more
Bitcoin starts week with drop Bitcoin (COIN:BTCUSD) started the week on a low note, recording a -3.35% drop over the last 24 hours and trading around $29,076. The digital asset market is in a tight trading range, reflecting investor caution. The recent lull in major crypto assets suggests that investors are waiting for positive developments before taking…
-
U.S. Stocks May See Initial Strength As Fed Decision Looms
US Market The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks likely to move to the upside after ending last Friday’s trading narrowly mixed. The markets may continue to benefit from recent upward momentum, which has contributed to a ten-day winning streak for the Dow. The recent…
-
Monday’s Wall Street Highlights: Chevron, AMC, Posco Holdings, Philips, and more
US Index Futures are up in premarket trading on Monday, awaiting for economic activity data and the Federal Reserve’s decision this week. European markets also operate higher with investors digesting lower-than-expected results and waiting for the release of interest rates by the European Central Bank (ECB). By 07:01 AM, Dow Jones futures (DOWI:DJI) were up 30…
-
North American Morning Briefing: Investors Primed This Week For Fed, More Heavyweight Earnings
Market Wraps Watch For: Chicago Fed National Activity Index; Flash Manufacturing, Services PMI; earnings from Domino’s Pizza, Logitech, Whirlpool Today’s Headlines/Must Reads – Why the Fed Isn’t Ready to Declare Victory on Inflation – The Inflation Giant Has Awakened. Why Price Growth Will Persist – The Tech Rally’s Next Big Test Is Earnings – Why…