ADVFN US – Market Content Editor
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Coca-Cola Shares Fizz Up As Fourth-quarter Income Beats Estimates
Coca-Cola’s (NYSE:KP) fourth-quarter income exceeded estimates, thanks to an unexpected rise in volumes. Shares in the drinks group rose over 3% in early trading on Tuesday. The company has been rolling out slimmer 12-ounce cans in the U.S. to try and boost sales, in reaction to cost-conscious shoppers being much more caution recently around their…
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U.S. Stocks May See Early Weakness, Powell Testimony In Focus
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside after turning in a strong performance in the previous session. Lingering concerns about a global trade war may weigh on Wall Street after President Donald Trump officially announced tariffs on U.S. steel…
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McDonald’s Shares Jump As Fourth-quarter Comparable Sales Exceed Estimates
Fast food giant McDonald (NYSE:MCD) saw its shares rise 4.9% on Monday after its results showed comparable sales topped average analysts estimates for the fourth quarter. The company’s international licensed markets business was boosted by strength in the Middle East and Japan. In the quarter ending December 31, global sales increased by 0.4%. This was…
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ChatGPT CEO Rejects Elon Musk-led $97bn Bid
A consortium of investors led by Elon Musk offered $97 billion to take over OpenAI, the maker of ChatGPT, but the offer was rebuffed but CEO Sam Altman. Musk’s attorney, Marc Toberoff, confirm he had submitted a bid to its board for “all assets” of the tech company on Monday. In response, Altman posted on…
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U.S. Stocks Shrug Off Latest Tariff Threats, Close Mostly Higher
After moving mostly higher early in the session, stocks continue to turn in a strong performance throughout the trading day on Monday. With the upward move, the major averages partly offset the steep losses posted last Friday. The major averages moved roughly sideways in afternoon trading, hovering in positive territory. The Nasdaq jumped 190.87 points…
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U.S. Steel and Aluminum Company Shares Rise On Trump’s Tariffs
U.S. President Trump’s announcement on Monday morning that he plans to impost new 25% tariffs on steel and aluminum imports have boosted shares of U.S. producers, but shares of producers overseas fell as traders worried about reduced demand and disrupted flows. American Iron and Steel Institute data shows that Canada is the dominant supplier of…
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Lyft Shares Up On Plans To Launch Mobileye-powered Robotaxis ‘As Soon As 2026’
U.S. ride-hailing company Lyft (NASDAQ:LYFT) plans to launch fully autonomous robotaxis powered by Mobileye, adding them to its app for use in Dallas “as soon as 2026”, reported by TechCrunch on Monday. The Mobileye-equipped vehicles will be owned and financed by Marubeni, a Japanese conglomerate with experience managing fleets. Shares of Lyft rose as much…
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Futures Pointing To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground following the steep drop seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following the sharp pullback seen last Friday, which came amid concerns about a surge by…
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Oil Prices Gush Higher As Investors Ponder New US Tariffs
Oil prices are up on Monday morning as investors digest the latest tariff threat issued by U.S. President Trump. He announced that all steel and aluminum imports would be subject to 25% tariffs. This comes just a week after he announced tariffs on Canada, Mexico and China, then suspended those for the neighboring countries the…
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Gold Prices Hit Record High As New Trump Tariff Announcement Increases Demand For Safe Haven
Gold prices were pushed to record high levels on Monday after U.S. President Trump announced further trade tariffs on imports of aluminum and steel. Spot gold rose 1.1% to a record high $2,892.30 an ounce, while gold futures expiring in April rose 0.9% to $2,916.05 an ounce. On Sunday, Trump announced he will impose 25%…