ADVFN US – Market Content Editor
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Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News
Philips (NYSE:PHG) – Philips’ stock soared 47.1% in pre-market trading after announcing a $1.1 billion deal to resolve U.S. claims related to a respiratory device recall. Analysts consider the settlement far below expectations, eliminating uncertainties that impacted the market value. Tesla (NASDAQ:TSLA), Baidu (NASDAQ:BIDU) – Tesla has overcome regulatory hurdles in China to launch its…
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U.S. Stocks Rally On Upbeat Tech Earnings
Stocks moved sharply higher during trading on Friday, largely offsetting the weakness seen during Thursday’s session. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the charge. The major averages pulled back off their best levels late in the day but remained firmly positive. The Nasdaq surged 316.14…
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ARK Invest Exits BITO ETF Position, Runes Generates $135 Million in 7-Day Fees, and More Crypto News
Bitcoin price stability challenges record ETF outflows Despite significant outflows totaling US$244.49 million from bitcoin ETFs this week, the price of Bitcoin has remained stable around US$64 thousand, showing a 1.01% increase over the last seven days. However, the correlation between bitcoin prices and ETF inflows has decreased, indicating a growing disconnect. Moreover, a substantial…
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Anglo American Rejects BHP Group’s Offer, Toyota Invests $1.4 Billion in Indiana, and More News
BHP Group (NYSE:BHP) – Anglo American has rejected BHP’s acquisition proposal of $38.88 billion, stating it significantly undervalues the company and its future prospects. The offer of £25.08 per share represented a 31% premium, but Anglo considered it opportunistic. BHP may need to increase its offer by May 22 for a successful deal. Toyota Motor…
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Exxon Mobil Net Profit Drops 28% to $8.22 Billion, Atlassian Surprises with Revenue Boost and Co-CEO Exit, and More in Earnings
Exxon Mobil (NYSE:XOM) – Shares of Exxon Mobil are down 1.7% in pre-market trading after reporting first-quarter earnings below forecasts, affected by pressure on refining margins and falling natural gas prices. Earnings per share were $2.06, versus the expected $2.20. Revenue exceeded expectations, totaling $83.08 billion compared to the forecast of $78.35 billion. Net profit…
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U.S. Futures Climb in Pre-Market Trading Amid Tech Gains and Upcoming Inflation Data
U.S. futures indicate a rise in pre-market trading this Friday, pointing to a recovery following significant declines on Thursday. This advance is partly due to impressive results from technology companies Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT), and comes in anticipation of new inflation data to be released. At 06:37 AM, the Dow Jones Industrial Average futures…
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U.S. Stocks Climb Well Off Worst Levels But Close Mostly Lower
After moving sharply lower early in the session, stocks regained ground over the course of the trading day on Thursday but remained mostly lower. The major averages all finished the day in negative territory after ending Wednesday’s trading narrowly mixed. The Dow slumped 375.12 points or 1.0 percent to 38,085.80 after plunging by more than…
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First-Time U.S. Unemployment Claims Unexpectedly Down; U.S. Economy Grew Less Than Expected
The Labor Department released a report on Thursday showing an unexpected decrease by first-time claims for U.S. unemployment benefits in the week ended April 20th. The report said initial jobless claims fell to 207,000, a decrease of 5,000 from the previous week’s unrevised level of 212,000. The dip surprised economists, who had expected jobless claims…
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Futures Pointing To Sharply Lower Open On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Thursday, with stocks likely to come under pressure following the lackluster performance seen in the previous session. A negative reaction to earnings news from Meta Platforms (NASDAQ:META) is likely to weigh on Wall Street, as the Facebook parent is plunging by…
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U.S. Futures Drop in Pre-Market Trading as Tech Stocks Plunge After Meta Issues Gloomy Forecast
U.S. index futures fell in pre-market trading on Thursday, particularly technology stocks, which saw a significant depreciation after Meta Platforms (NASDAQ:META) announced disheartening forecasts. At 6:44 AM, the Dow Jones (DOWI:DJI) futures were down 257 points, or 0.66%. The S&P 500 futures fell by 0.64%, and the Nasdaq-100 futures lost 0.95%. The yield on 10-year…