ADVFN US – Market Content Editor
-
Deutsche Bank Faces Shareholder Backlash, Bank of America Sponsors 2026 World Cup, Quanterix CEO Buys More Shares
Deutsche Bank (NYSE:DB) – Deutsche Bank has proposed a settlement to resolve shareholder lawsuits alleging that the bank underpaid for the Postbank acquisition. However, shareholders’ lawyer Jan Bayer rejected the offer, calling it unsatisfactory. Shares rose 0.9% in pre-market. Bank of America (NYSE:BAC) – Bank of America has partnered with FIFA to sponsor the 2026…
-
H&R Block Shares Surge 10% on Profit and Dividend Boost, Applied Materials Drops 3% Despite Strong Earnings, Latest in Earnings
H&R Block (NYSE:HRB) – The tax preparation services company reported fourth-quarter fiscal revenue of $1.063 billion and earnings per share of $1.89, exceeding forecasts of $1.028 billion and $1.74, respectively. For 2025, the company projects revenue between $3.69 billion and $3.75 billion, with earnings per share between $5.15 and $5.35, also above estimates. The company…
-
Upbeat Retail Sales Data Contributes To Rally On Wall Street
After trending higher over the past several sessions, stocks showed another significant move to the upside during trading on Thursday. The major averages all posted strong gains, with the Nasdaq and the S&P 500 extending their winning streaks to six days. The major averages pulled back off their best levels going into the close but…
-
Bitcoin Fall Hits Other Tokens, MicroStrategy Launches Leveraged ETF, Mintzberg Takes Over Grayscale Leadership
Bitcoin’s drop impacts other tokens after US CPI release Bitcoin (COIN:BTCUSD) fell below $58,000, hitting $57,800 in the last 24 hours. This drop dragged other cryptocurrencies down. TonCoin (COIN:TONCOINUSD), Polygon (COIN:MATICUSD), and Near Protocol (COIN:NEARUSD) fell more than 5%. Solana (COIN:SOLUSD), Ethereum (COIN:ETHUSD), Mantle (COIN:MNTLLUSD), and Uniswap (COIN:UNIUSD) lost over 4%. DogeCoin (COIN:DOGEUSD), Maker (COIN:MKRUSD),…
-
Retail Sales Up More Than Expected, First-Time U.S. Unemployment Claims Unexpectedly Down
The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The report said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June. Economists had expected retail sales to rise by 0.3…
-
Strong Retail Sales Data May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward trend seen over the past several sessions. Easing concerns about the economic outlook may generate continued buying interest on Wall Street after the Commerce Department released a report showing much stronger than expected retail…
-
U.S. Futures Rise on Easing Inflation, Oil Prices Rise
U.S. index futures rose slightly in Thursday’s pre-market trading, driven by signs of easing inflation and a rebound in stocks after a week of heavy global sell-offs. Positive inflation data and strong performances from companies like Cisco (NASDAQ:CSCO) and Ulta Beauty (NASDAQ:ULTA) boosted investor confidence, while the Federal Reserve may consider lowering interest rates at…
-
Cisco Beats Estimates and Announces Restructuring, Canoo Rises 6%, Lulus Losses Widen, Latest in Earnings
Cisco Systems (NASDAQ:CSCO) – The networking and IT solutions company reported adjusted earnings of 87 cents per share on revenue of $13.64 billion, while analysts surveyed by LSEG expected it to earn 85 cents per share on revenue of $13.54 billion. Cisco also announced a $1 billion restructuring plan and a 7% reduction in its…
-
Google Forced to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova
Alphabet (NASDAQ:GOOGL) – A U.S. judge plans to force Google to allow Android users to download apps from sources other than the Play Store after a favorable antitrust ruling for Epic Games. The decision will be clear but won’t detail daily management. Google argues this will harm security and competition. Shares fell 2.3% pre-market. Apple…
-
U.S. Stocks Finish Choppy Trading Day Mostly Higher
Stocks turned in a relatively lackluster performance during trading on Wednesday but managed to end the day mostly higher. With the upward move, the Nasdaq and the S&P 500 both closed higher for the fifth consecutive session. The major averages bounced back and forth across the unchanged line before closing in positive territory. The Dow…