ADVFN US – Market Content Editor
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North American Morning Briefing: Stocks Seen Higher But Jobs Report to Drive Direction
Market Wraps Watch For: Employment Report for July; Canada Labour Force Survey for July; earnings from Enbridge Today’s Headlines/Must Reads – Hiring Has Stayed Strong. Here’s Where to Look for Signs of Cooling – Stocks Have Had a Great Year. Cue the September Effect – Amazon Shines During Apple’s Off-Season – China Has Become a…
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US Futures Up, European Stocks Mixed Ahead of US Jobs Data
In the U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Credit Agricole rose 4% and Viaplay Group Series B rose 2.7%.…
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Top Company News of the Day: KKR, Wells Fasrgo, SocGen, Apple, Amazon
Private-Equity Firm KKR in Advanced Talks to Buy Simon & Schuster for Roughly $1.65 Billion Book publisher was put up for sale for the second time after a judge blocked a previous deal with Penguin Random House. Wells Fargo, SocGen to Settle With SEC, CFTC Over Use of Messaging Apps Truist Financial also disclosed this…
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Apple Sees Third Straight Quarter of Falling Sales, Amazon Delivers Surprisingly Strong Profit
Wells Fargo, SocGen to Settle With SEC, CFTC Over Use of Messaging Apps Truist Financial also disclosed this week that some of its subsidiaries have received requests for information from regulators related to compliance with record-keeping requirements. Apple Sees Third Straight Quarter of Falling Sales, but Services Unit Hits Record Sales of iPhones missed analyst…
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Apple Sees Drop In Demand For Smartphones In Its Fiscal Third Quarter
Apple (NASDAQ:AAPL) has been able to boost its revenue from services, including advertising, payments, video streaming and cloud storage, in a long-standing strategy to offset slumping demand for smartphones. But the advance in services was not enough to cushion the global retreat in sales of smartphones, which collaborated with the drop in the company’s revenue…
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Amazon Expands Revenue And Has Higher-Than-Expected Q2 Profit
Amazon (NASDAQ:AMZN) reported net income of US$ 6.75 billion and earnings per share of US$ 0.65 in the second quarter of 2023. The result was above the forecast of analysts consulted by Factset, of earnings per share of US$ 0.35 . In the second quarter of 2022, the company lost $2 billion, or $0.20 per…
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U.S. Stocks Close Modestly Lower Ahead Of Jobs Report
After an early move to the downside, stocks fluctuated over the course of the trading session on Thursday. The major averages bounced back and forth across the unchanged line before closing modestly lower. The Dow slipped 66.63 points or 0.2 percent to 35,215.89, the Nasdaq edged down 13.73 points or 0.1 percent to 13,959.72 and…
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Crypto This Thursday: Shiba Inu Strengthens Digital Identity, Upbit Dominates July Trading, and More
Tether generates surprising profits and doubts Tether (COIN:USDTUSD) reported profits of over $1 billion in its latest quarterly attestation, which seems surprising for a company with only around 60 employees. The company holds a large amount of US Treasuries, which may explain its profitability. However, the lack of real money on its balance sheet is concerning and…
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Futures Pointing To Continued Weakness On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to extend the sell-off seen in the previous session. Concerns about U.S. debt may continue to weigh on Wall Street after credit rating agency Fitch Ratings unexpectedly downgraded the United States’ credit rating. Fitch downgraded the…
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Thursday’s Wall Street Highlights: Anheuser-Busch InBev, Apple, Hasbro, Sunrun and more
US index futures are lower on Thursday as Fitch’s credit rating downgrade is still reverberating through markets, with investors cautious amid global economic and political uncertainties. The market watches economic indicators in Europe, corporate results and the interest rate decision in England. By 7:00 AM, Dow Jones futures (DOWI:DJI) were down 55 points, or 0.16%. S&P 500…