ADVFN US – Market Content Editor
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US inflation rises from 3.2% to 3.5% in March
The yearly inflation rate in the United States stood at 3.5% in March, according to the latest report by the Bureau of Labor Statistics on Wednesday. Inflation increased compared to February’s annual rate of 3.2% and exceeded analysts’ predictions. Month-on-month, the consumer price index (CPI) rose by 0.4%. Over half of the increase was attributed…
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IMF: Global growth rate to slow to 2.8% by 2030
The International Monetary Fund (IMF) said in its latest world economic outlook report on Wednesday that the global growth rate is likely to fall to 2.8% by the end of the decade, a full percentage point below the historical average. The IMF said the decline in productivity growth is responsible for more than half of…
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Investors Retreat from Renewable Energy Sector Amid Policy Uncertainties and Growth Concerns
In a marked shift from previous years, global investors are pulling back from renewable energy sector funds, influenced by concerns over the sector’s growth prospects and the uncertain policy landscape in a U.S. election year. This retreat is highlighted by significant fund outflows and the underperformance of renewable energy indices compared to their fossil fuel…
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Latest Analyst Recommendations and Price Target Adjustments: Boeing, Nvidia, Spotify…
The trading landscape is seeing a flurry of activity as several major firms receive updated recommendations and price target adjustments from leading analysts. Here’s a roundup of some notable changes: Energy Sector Gains Momentum EQT Corporation sees a significant upgrade from Bernstein, moving from ‘Underperform’ to ‘Market Perform’. This optimistic adjustment comes with a price…
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Volkswagen, BMW, Ford, and Mercedes-Benz: Automotive Industry Updates for Q1
Volkswagen Sees Continued Growth with a Focus on China Volkswagen AG (TG:VOW) reported a significant increase in its global deliveries for the first quarter of 2023, reaching a total of 2.1 million vehicles, marking a 3% growth compared to the same period last year. China stood out as the main market driving this growth, with…
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US mortgage applications up by 0.1%
Mortgage applications in the United States grew by 0.1% in the week ending April 5, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey published on Wednesday. The 30-year mortgage rate stood at 7.01% in the same period, compared to 6.91% the previous week. The Refinance Index increased by 9.9% to 498.3, while…
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Delta’s Q1 revenue at $13.7 billion, up 8%
Delta Air Lines Inc. (NYSE:DAL) announced on Wednesday that its revenue in the first quarter of the fiscal year 2024 saw an annual rise of 8% to reach $13.7 billion. The company registered a net income of $37 million, an improvement compared with the net loss of $363 million noted in the same trimester in…
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U.S. Index Futures Show Mixed Trend Ahead of Key Inflation Data Release, Oil Prices Edge Higher
U.S. index futures are showing a mixed trend in Wednesday’s pre-market trading. Investors are eagerly awaiting fundamental US inflation data, which should provide crucial insights into the Federal Reserve’s future interest rate policy direction. As of 6:31 AM, Dow Jones futures (DOWI:DJI) rose by 37 points, or 0.09%. S&P 500 futures fell by 0.01%, and…
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Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News
Delta Air Lines (NYSE:DAL) – Delta Airlines reported a first-quarter profit of $37 million, a significant increase compared to the $363 million loss from the previous year. With adjusted revenue of $12.56 billion, the company surpassed Wall Street expectations, attributing the success to strong demand for leisure and business travel, according to CEO Ed Bastian.…
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Nasdaq, S&P 500 Finish Volatile Session Higher But Dow Edges Slightly Lower
Following the lackluster performance seen on Monday, stocks saw considerable volatility over the course of the trading session on Tuesday. The major averages fluctuated as the day progressed, with the Nasdaq (NASDAQI:COMP) and the S&P 500 (SPI:SP500) eventually closing in positive territory. While the Nasdaq rose 52.68 points or 0.3 percent to 16,306.64 and the…