ADVFN US – Market Content Editor
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Top Company News of the Day: SAP, Rio Tinto, EBay, Country Garden
SAP Launches AI-Focused Restructuring SAP said it would undertake a roughly EUR2 billion restructuring this year that will affect 8,000 jobs as it ratchets up its focus on business-related AI. Rio Tinto Inks Power Deal With European Energy for Giant Australia Solar Farm Rio Tinto said it has agreed to buy electricity from the planned…
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S&P 500 Reaches New Record Closing High But Dow Gives Back Ground
Stocks turned in a relatively lackluster performance during trading on Tuesday, with the major averages bouncing back and forth across the unchanged after ending Monday’s trading modestly higher. Despite the choppy trading, the S&P 500 reached a new record closing high. The major averages eventually ended the session narrowly mixed. While the Dow dipped 96.36…
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Netflix’s Remarkable Q4 Growth: Subscriber Surge and Strategic Shifts”
Shares of Netflix (NASDAQ:NFLX) jumped 7% after the closing bell Tuesday, following the announcement of a significant increase in subscribers. The streaming giant added 13.1 million subscribers in the fourth quarter, bringing its total to 260.8 million paid subscribers. This growth exceeded expectations set in October, when Netflix reported adding 8.76 million paid memberships in…
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Crypto: Avalanche Memecoin Criteria, OKB’s Rapid Decline and Recovery, and More
Bitcoin falls below $40,000 On Monday, the cryptocurrency market experienced a significant setback, with Bitcoin (COIN:BTCUSD) dropping notably below the $40,000 mark, marking its lowest value of the year. By Tuesday, Bitcoin had stabilized, trading at $39,482. Meanwhile, Ethereum (COIN:ETHUSD) continued its downward trend, priced at $2,220, a decrease of 3.93% from the previous day.…
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Mixed Earnings News May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction after ending the previous session modestly higher. A mixed reaction to earnings news from several big-name companies may contribute to choppy trading on Wall Street as traders digest the market’s recent…
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Base Metals Up, Gold Edged Higher, Battery Metals Glut
Base metals prices rose on improved sentiment following the Bloomberg report that Chinese authorities are considering a package of measures to stabilize the stock market. Top metals consumer China “will remain key in driving the general trend of the whole complex, most likely resulting in rangebound moves,” Sucden Financial said. Meanwhile, gold edged higher as…
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Dollar Outlook Remains Positive
Danske Bank Research remains positive on the outlook for the dollar. “We anticipate the potential for a dollar rally in 1Q, given the ongoing trend of scaling back rate cut expectations among G10 central banks, which could lead to general risk-off sentiment in markets.” The dollar has had a strong start to the year, emerging…
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Wall Street Highlights: Vroom Shuts Down Online Car Sales, Ericsson Warns of Decline Outside China, and More
In Tuesday’s pre-market, U.S. index futures showed a slight negative trend. This movement follows a historic milestone where the Dow Jones surpassed the 38,000-point barrier for the first time. At 05:09 AM, the Dow Jones futures (DOWI:DJI) fell 29 points, or 0.08%. S&P 500 futures retreated 0.05% and Nasdaq-100 futures fell 0.10%. The yield on…
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US Futures Flat, European Stocks Up Slightly as Investors Focus on Earnings
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. HelloFresh rose 6.3% and CD Projekt rose 4.9%. On the other hand, Logitech International…
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Top Company News of the Day: Ericsson, Sanofi, Riot Games, Medibank
Ericsson Warns of Further Market Decline Ericsson expects challenges in the mobile-network industry to continue this year as customers remain cautious about spending and as the investment pace normalizes in its key Indian market. Sanofi to Buy Rare-Disease Assets From Inhibrx Sanofi plans to buy assets from U.S. biopharmaceutical company Inhibrx in a deal valued…