ADVFN US – Market Content Editor
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Berkshire Sells Some HP Shares After Acquiring Large Stake Last Year
Warren Buffett’s Berkshire Hathaway said on Wednesday that it has sold about 5.5 million shares of HP (NYSE:HP), unwinding part of what has been a large and unsuccessful investment in the personal computer and printer manufacturer. Berkshire (NYSE:BRK.B) sold the shares this week for approximately $158 million, reducing its stake in HP to about $3.27…
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North American Morning Briefing: Busy Data Day Ahead; ARM IPO in Focus
Market Wraps Watch For: Retail Sales for August; PPI for August; Weekly Jobless Claims; Canada Wholesale Trade for July; Earnings from Adobe Today’s Top Headlines/Must Reads: – Betting Inflation Will Keep Falling Is Still a Risky Business – Fuel Prices Are Soaring. Who Is Feeling the Pinch? – UAW, Automakers Remain ‘Far Apart’ in Contract…
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Arm Debuts Today On Nasdaq Valued At US$54.5 billion In The Biggest IPO Of The Year
The chip designer Arm will begin trading on Thursday, September 14th, on the Nasdaq stock exchange in New York under the code (NASDAQ:ARM), following a highly successful stock offering that secured a valuation of $54.5 billion, at the top of its target range. This represents a good outcome for Japanese owner SoftBank. Last year, the…
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US Futures Up, European Stocks Mixed as Markets Await ECB Decision
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Deliveroo added 7.3% and Adevinta rose 3.9%. On the other hand,…
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Top Company News of the Day: UAW, Arm, Tuhu Car, Google
UAW, Automakers Remain ‘Far Apart’ in Contract Talks The union’s president said the United Auto Workers are preparing walkouts at select factories when contracts expire late Thursday. Arm Sets IPO Price at $51 a Share British chip designer drops price after initially considering $52 a share. Tencent-Backed Tuhu Car Plans Hong Kong IPO Tencent-backed Tuhu…
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U.S. Stocks Close Mixed Following Consumer Price Inflation Data
Stocks showed a lack of direction over the course of the trading session on Wednesday, with the major averages bouncing back and forth across the unchanged line as traders digested a highly anticipated report on consumer price inflation. The major averages eventually ended the session mixed. While the Dow dipped 70.46 points or 0.2 percent…
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Inflation in August Records Significant Increase Driven by Energy
Inflation in August had its biggest monthly increase of the year, with consumers facing higher prices, especially in energy. The consumer price index (CPI) rose 0.6% for the month and 3.7% annually, as announced by the US Department of Labor. Despite expectations, when food and energy are disregarded, the core CPI increased by 0.3% monthly and 4.3%…
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Inflation Data Largely In Line With Estimates May Lead To Choppy Trading
US Market The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the pullback seen in the previous session. The futures initially moved to the downside following the release of the Labor Department’s highly anticipated report on consumer price inflation…
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Wednesday’s Wall Street Highlights: Apple, Xpeng, GoDaddy, BP, UBS, Nike, and more
US index futures are falling in pre-market trading on Wednesday, a crucial day for markets due to the presentation of US inflation data. This data could impact the Federal Reserve’s decision on monetary policy next week. At 7:07 AM, Dow Jones futures (DOWI:DJI) fell 52 points, or 0.15%. S&P 500 futures were down 0.14% and Nasdaq-100 futures…
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North American Morning Briefing: Stock Futures Slip Ahead of CPI
Market Wraps Watch For: CPI for August; EIA Weekly Petroleum Status Report Today’s Top Headlines/Must Reads: – What to Watch in the CPI Report: Did Inflation Continue to Cool in August? – As OPEC’s Energy Influence Wanes, China’s Minerals Clout Rises – China Denies Ban on Apple’s iPhones Opening Call: Stock futures stalled on Wednesday,…