ADVFN US – Market Content Editor
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Dow Pulls Back Sharply On Disappointing Home Depot Results, Debt Ceiling Worries
Stocks moved mostly lower over the course of the trading day on Tuesday, giving back ground after ending Monday’s session mostly higher. The major averages all moved to the downside, with the Dow showing a particularly steep drop. The Dow and the S&P 500 fell to new lows for the session going into the close…
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Crypto this Tuesday: European Regulation Approves MiCA, Countdown to BTC Halving, and More
Bitcoin Halving: Less than 50,000 Blocks Remaining Bitcoin (COIN:BTCUSD) halving is approaching, with less than 50,000 blocks to go. Slated to take place on April 22, 2024, the event will cut the mining block reward in half. The Bitcoin community is looking forward to it, as previous halvings have been linked to a possible rise in price. However,…
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FTC to Block Amgen’s Acquisition, Home Depot Anticipates Sales Decline, Venture Funds’ Negative Returns
FTC to Block Amgen’s Acquisition The Federal Trade Commission (FTC) is set to block Amgen’s (NASAQ:MAGN) proposed acquisition of Horizon Therapeutics (NASDAQ:HZNP), signaling a renewed effort by antitrust enforcers to prevent mergers in the pharmaceutical industry. According to a person familiar with the matter, the FTC plans to seek an injunction in federal court to…
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Real Estate Warning Signals, Rebound in US Retail Sales, US Manufacturing Output Rise, German Investor Confidence Decline
French Banks Tax Probe The French government aims to recover €2.5bn in back taxes from major banks implicated in an alleged tax avoidance scheme related to dividend payments. Although the banks involved were not disclosed, Gabriel Attal, the budget minister, disclosed the potential losses caused by cum-cum trades, transactions designed to exploit tax advantages linked…
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Disappointing Home Depot Results, Debt Ceiling Worries May Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move back to the downside after ending yesterday’s lackluster session mostly higher. A negative reaction to quarterly results from Home Depot (HD) may weigh on Wall Street, with the home improvement retailer falling by…
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Tuesday’s Wall Street Highlights: Retail Sales, Amgen, Activision Blizzard, Capital One and More
Tuesday’s pre-market was marked by a climate of uncertainty in financial markets, with US Index Futures falling. All eyes on Wall Street were focused on an important meeting between Congressional leaders and President Joe Biden, at which the central issue was the US debt ceiling. By 08:30 AM, Dow Jones futures were down 94 points, or…
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EU Approves Microsoft-Activision Merger, New CEO Pay Disclosure, Buffett Bets on Capital One
Asian Equities Advance, Japan’s Topix Climbs Most Asian equities advanced, and Japan’s Topix benchmark (TOPIXI:TOPIX) climbed to its highest level since 1990. The renewed push by Japan’s corporates to increase buybacks and focus on returns is helping boost sentiment, with the Nikkei 225 Stock Average (NIKKEII:NI225) leading gains among Asia’s major benchmarks. Chinese equities on…
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EU Urges Crackdown on Indian Oil, China’s Economic Recovery Slows Down, Sweden to Limit Foreign Investments
US Government Faces Default Risk The US Treasury Secretary, Janet Yellen, has stated that the cost of government borrowing for bonds maturing in June has substantially increased. She has warned that the US government risks defaulting on its debt by next month if an agreement on raising the debt ceiling is not reached. In an…
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US Futures Slip, European Stocks Mixed
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average decreased 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Koninklijke Philips rose 4.5% and Rolls-Royce Holdings added 3.1%. On the…
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Top Company News of the Day: Vodafone, Wells Fargo, Berkshire Hathaway, Elon Musk
Vodafone Forecasts Flat Profits; to Cut Jobs Vodafone said it expected adjusted Ebitda to be flat at around EUR13.3 billion this year, as it announced plans to cut 11,000 jobs over three years, admitting that its performance had not been good enough. Wells Fargo Agrees to Pay Shareholders $1 Billion to Settle Class-Action Suit Shareholders…