ADVFN US – Market Content Editor
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JPMorgan Bids To Buy First Republic, Arm Files For IPO
JPMorgan, PNC Submit Bids to Buy First Republic in Government-Led Sale The FDIC is expected to name a winning bidder before First Republic opens Monday morning. Astellas Pharma to Buy Iveric Bio The Japanese drugmaker said it agreed to acquire Iveric bio for about $5.9 billion to strengthen its capabilities in the ophthalmology field. SoftBank’s…
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U.S. Stocks Move Mostly Higher Following Early Volatility, FOMC Next Week
After initially showing a lack of direction, stocks moved mostly higher over the course of the trading session on Friday. The major averages extended Thursday’s rally, with the Nasdaq reaching a seven-month closing high, while the Dow and the S&P 500 reached their best closing levels in over two months. The major averages saw further…
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Crypto this Friday: Binance enters Japan, BTC holds at $ 29K and more
Etherisc Launches Chainlink-Powered USDC Peg Protection Etherisc, the open-source decentralized insurance protocol and ecosystem, has released a depeg USDC protection hedge to the public, a press release said. In case of a depeg, the solution protects USDC (COIN:USDCUSD) deposits in non-custodial wallets with automated pre-specified payments, verified through the Chainlink Data Feed. As soon as the USDC to…
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Friday’s Wall Street Highlights: Exxon Mobil, Amazon, Intel, and PCE
US stock futures fell on Friday as investors reacted to the latest quarterly results, lingering inflationary pressures, and Treasury bonds advanced. Amazon’s earnings beat estimates but put the brakes on tech optimism after investors were rattled by talk of slowing cloud growth. Pinterest issued a weak outlook for the current quarter, and Snap Inc missed Q1…
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Negative Reaction To Amazon Results May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to give back ground following the rally seen in the previous session. A negative reaction to quarterly results from Amazon (NASDAQ:AMZN) may weigh on Wall Street, as the online retail giant is slumping by 2.2 percent in pre-market…
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Intel Records Its Worst Quarterly Loss, Snapchat’s Sales Drop
Mercedes-Benz Profit Boosted by Top-End Models, Pricing Mercedes-Benz posted underlying earnings of EUR5.5 billion for the year, in line with preliminary figures released last week, and maintained its overall guidance for 2023. Remy Cointreau Sees Flat Sales Growth Remy Cointreau said it expected a sharp sales decline in the first half of fiscal 2024, due…
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US Futures Slip, European Stocks Largely Rise
In the U.S., futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 rose 0.2% in morning trading. Holmen Series B climbed 7.6% and GN Store Nord rose 7.4%.…
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Amazon beats sales expectations, Snap falls 20% on revenue miss
Amazon Sees Surging Growth After Postpandemic Slowdown The company’s first-quarter sales increased by 9% year-over-year to $127.4 billion, beating Wall Street projections. It posted $3.2 billion in quarterly profit, almost 50% higher than analysts expected. Intel Suffers Largest-Ever Loss Amid PC Slump, Fierce Competition The chip maker has embarked on cutting costs while pursuing a…
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Crypto this Thursday: Hackers Break Into AT&T Email Accounts, Readii Launches Web3 Internet Service, and More
Readii launches the first Web3 Internet service Sydney-based telecommunications company Readii has announced the launch of its Web3-enabled internet service, which allows customers to earn cryptocurrencies while surfing the internet. “This is made possible through Readii’s proprietary Web3 router […] capable of storing a customer’s private cryptographic key,” it said in an announcement. In exchange for using…
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Wall Street Highlights for Thursday: Meta Platforms, Amazon, Disney, Eli Lilly and more
Main subjects of the day US stock futures rose on Thursday, reacting to strong results from Meta Platforms. By 8:44 AM, Dow Jones futures were up 142 points, or 0.42%. S&P 500 and Nasdaq-100 futures advanced 0.45% and 0.84%, respectively. Risky assets fell again on Wednesday. What moved the markets the most yesterday was the news that the…