ADVFN US – Market Content Editor
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Amazon’s Profit Is Much Higher Than Expected; Revenue Beats Estimates With Retail And Cloud
Amazon (NASDAQ:AMZN) recorded net profit of US$9.88 billion, or US$0.94 per diluted share, in the third quarter of this year, a result that was well above the forecast of US$6.05 billion from analysts surveyed by FactSet, with earnings per share of $0.59. Company’s shares rose 3% in the NY after market. It was still well…
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U.S. Stocks Tumble To Five-Month Lows Following Strong Economic Data
Stocks moved notably lower over the course of the trading day on Thursday, extending the sharp pullback seen during Wednesday’s session. With the continued weakness, the major averages fell to their lowest closing levels in five months. The major averages staged a recovery attempt in the latter part of the session but moved back to…
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Crypto This Thursday: MoonPay-Mastercard Partnership, JPM Coin Reaches $1 Billion in Daily Volume, and More
MoonPay and Mastercard team up to boost Web3 integrations and marketing Digital asset payment platform MoonPay has announced a partnership with payments giant Mastercard (NYSE:MA) with the aim of promoting web3 integrations, strengthening connections and boosting marketing strategies. The partnership aims to explore how web3 tools can improve experiential marketing and expand customer loyalty and engagement. MoonPay…
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Rate Concerns May Continue To Weigh On Wall Street Following Data
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to extend the sharp pullback seen in the previous session. Concerns about the outlook for interest rates may weigh on Wall Street following the release of a slew of U.S. economic data, including a Commerce Department…
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Thursday’s Wall Street Highlights: Ford, Morgan Stanley, Align Technology, Endeavor, and more
US index futures are declining in pre-market trading this Thursday, primarily due to investors’ negative reaction to companies reporting results below expectations. Meta (NASDAQ:META) saw a 2.8% drop in pre-market trading, citing an uncertain economic environment as the reason, while Alphabet (NASDAQ:GOOGL) lost 1.7% due to disappointing cloud-related numbers. Amazon (NASDAQ:AMZN), which will release results…
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North American Morning Briefing: Nasdaq Futures Retreat as Meta Pulls Back Further
Market Wraps Watch For: Durable Goods, Weekly Jobless Claims, Advance Estimate GDP, EIA Weekly Natural Gas Storage Report, earnings from Altria, Amazon.com, Bristol Myers Squibb, Comcast, Ford, Honeywell, Intel, Mastercard, Merck, Southwest Airlines, UPS Today’s Headlines/Must Reads – Ford Reaches Tentative Labor Deal With UAW Six Weeks Into Historic Strike – What to Watch For…
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US Futures Down, European Stocks Mixed Ahead of ECB Rate Decision
U.S. futures for the S&P 500 were down 0.8% and futures for the Dow Jones Industrial Average declined 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 1.1% in morning trading. Deutsche Bank rose 8.2% and Sodexo climbed 6.7%. On the other hand, Standard…
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Top Company News of the Day: Standard Chartered, BNP Paribas, Stellantis, Mercedes-Benz
Standard Chartered Profit Slides on Impairments, Costs Standard Chartered’s third-quarter underlying net profit dropped 30%, weighed by higher impairment and operating expenses, but topline growth rose 6% on an improved net interest margin and a strong wealth-management recovery. BNP Paribas Profit Fall Worse Than Expected BNP Paribas reported a lower third-quarter net profit despite revenue…
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U.S. Stocks Move Sharply Lower, Nasdaq Tumbles To Five-Month Closing Low
Stocks managed to finish Tuesday’s session mostly higher but showed a substantial move back to the downside during trading on Wednesday. The tech-heavy Nasdaq led the pullback, plunging to a five-month closing low. The Nasdaq tumbled 318.65 points or 2.4 percent to 12,821.22, reflecting its worst day since February. The S&P 500 also slumped 60.91…
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Crypto This Wednesday: Polygon Launches POL on Ethereum Mainnet, Vodafone and Chainlink Boost Commerce, and More
Bitcoin reaches US$35,000 on Wednesday and bold predictions for the end of 2023 Bitcoin (COIN:BTCUSD) experienced a notable rise last week due to news about ETFs that turned out to be misleading. The fact that the price did not retreat after the news correction suggests that other factors are driving the increase, such as investors seeking…