ADVFN US – Market Content Editor
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MicroStrategy Rebrands As ‘Strategy’, Reports Q4 Net Loss Of $670m
Bitcoin stacking company Strategy (NASDAQ:MSTR), which has just rebranded from its former name of MicroStrategy, has reported a net loss of $670.8 million for the fourth quarter. The company reported fourth quarter revenue of $120.7 million, a 3% year on year fall. Meanwhile it said it had bought an additional 218,887 Bitcoin, bringing its holdings…
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U.S. Stocks Recover From Early Pullback To Close Mostly Higher
Stocks came under pressure early in the session on Wednesday but showed a significant rebound over the course of the trading day. The major averages climbed well off their worst levels of the day and into positive territory. The major averages reached new highs for the session going into the close of trading. The Dow…
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Disney First Quarter Earnings Beat Expectations, Boosted By Streaming Service
Disney (NYSE:DIS) reported its first quarter earnings on Wednesday, showing a profit on its streaming segment while its parks business took a hit from two back-to-back hurricanes, together with greater investment in its cruise ships. Strong box office performance of animated sequel Moana 2 also added to the strength of its entertainment division. Disney+ subscribers…
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Private Sector Employment Increased More Than Expected In January
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of January. ADP said private sector employment climbed by 183,000 jobs in January after rising by an upwardly revised 176,000 jobs in December. Economists had expected private sector employment to rise by…
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Tech Stocks May Lead Early Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to give back ground after ending the previous session mostly higher. Tech stocks may lead an early pullback on Wall Street amid a negative reaction to earnings news from Alphabet (NASDAQ:GOOGL) and Advanced Micro Devices (NASDAQ:AMD). Shares of…
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Gold Prices Boosted To Record High On Fears Of Trade War, Gaza Uncertainty
Gold prices hit a record high in Asian trade on Wednesday as demand for the precious metal as a safe haven was boosted by geopolitical uncertainty. With concerns over a brewing trade war between the U.S. and China, and President Trump’s comments about Gaza, demand for gold was high and the spot price jumped 0.6%…
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Easing Tariff Concerns Contribute To Rebound On Wall Street
Stocks moved mostly higher during trading on Tuesday, largely offsetting the weakness seen in the previous session. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the charge. The major averages finished the session just off their best levels of the day. The Nasdaq jumped 262.06 points or…
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Moderna, BioNTech Shares Down After Senate Committee Vote To RFK Jr.’s Nomination
The U.S. Senate Finance Committee has voted to advance Robert F. Kennedy Jr.’s nomination for Secretary of Health and Human Services to the full Senate. Shares in Moderna (NASDAQ:MRNA) and BioNTech (NASDAQ:BNTX) slumped on the news: Moderna was down 4.9% and BioNTech 1.5%. The fall in stock prices comes from concerns about Kennedy’s views on…
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Spotify Shares Surge On Results Exceeding Expectations And Upbeat Guidance
Music streaming giant Spotify (NYSE:SPOT) reported that its fourth-quarter results exceeded expectations and provided upbeat guidance. Shares soared over 10% on the news. The company posted revenue of €4.24 billion, surpassing analyst estimates of €4.14 billion and marking a 16% increase year on year. However, adjusted earnings per share missed the consensus forecast of €2.03,…
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PepsiCo Earnings Higher Than Estimated Despite Weaker Than Anticipated Revenue Growth
Food and beverage company PepsiCo (NASDAW:PEP) has reported that its per-share income in the fourth quarter exceeded estimates, although organic revenue growth was lower than anticipated as cost-conscious U.S. shoppers responded to price hikes. The company, which sells brands such as Mountain Dew soda and Frito-Lay potato chips posted a 2.1% rise in organic sales…