ADVFN US – Market Content Editor
-
Whirlpool Beats Expectations In Q1 Thanks To Strong Home Appliances Demand In N. America
Global home appliance manufacturer and retailer Whirlpool Corp reported better-than-expected first-quarter results after the New York market close on Monday, driven by strong demand for refrigerators and washing machines in North America, its largest market. As a result, the share price rose in after-hours trading. Like many consumer goods manufacturers, Whirlpool has had to raise…
-
Bed Bath & Beyond Shares Plunge After Filing For Chapter 11
Bed Bath & Beyond Inc, a US household goods retailer that has finally filed for bankruptcy due to financial difficulties, crashed in the New York market on Monday. Bed Bath & Beyond, which has a 52-year history, filed for Chapter 11 bankruptcy protection on Sunday (local time) and commenced the liquidation sale of some or…
-
US Futures, European Stocks Slip
In the U.S., futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average decreased 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 (STOXX:SSXP) declined 0.4% in morning trading. Wartsila rose 6.3% and Kuehne + Nagel Intl added 5.5%.…
-
Top Company News of the Day
First Republic Lost $100 Billion in Deposits in Banking Panic The bank said it would cut head count by as much as 25% and slash executive pay as it restructures its balance sheet. UBS Attracts Customers Ahead of Credit Suisse Integration UBS reported strong customer inflows as it prepares to swallow Credit Suisse, in the…
-
First Republic Lost $100B in Deposits, Coca-Cola posts higher sales
First Republic Lost $100 Billion in Deposits in Banking Panic The bank said it will cut head count by as much as 25% and slash executive pay as it restructures its balance sheet. Apple Wins Appeal in App Store Case Brought by Epic Games A federal appeals court upheld a ruling that mostly sided with…
-
Crypto this Monday: KuCoin’s Twitter Account Hacked, Tiger Global’s Venture Fund Drops 20% and More
BTC could reach $100,000 by the end of 2024, says Standard Chartered Standard Chartered said the crypto winter is over and Bitcoin (COIN:BTCUSD) could hit $100,000 by the end of 2024, Reuters reported, citing a note by the multinational bank’s head of digital assets research Geoff Kendrick. Bitcoin could gain from factors such as the recent…
-
Choppy Trading May Persist On Wall Street Ahead Of Earnings
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to extend the lackluster performance seen last Friday. Traders may remain reluctant to make significant moves ahead of the release of earnings news from several big name companies in the coming days. Tech giants Alphabet…
-
Monday’s Wall Street Highlights: Coca-Cola, Philips, Credit Suisse, C3.ai and more
Main subjects of the day By 8:18 AM, Dow Jones futures were down 43 points, or 0.13%. S&P 500 and Nasdaq-100 futures fell 0.12% and 0.14%, respectively. The main indices fell last week, with the Dow Jones (DOWI:DJI) down 0.23% and ending a four-week streak of gains. The Nasdaq (NASDAQI:NDX) shed 0.42%, while the S&P (SPI:SP500) shed 0.1%. This week,…
-
European Midday Briefing: Economic Outlook Worries Continue to Weigh
Market Wraps Stocks: European stocks moved lower on Monday as worries about a weaker global economic outlook continued to weigh. “A forecast deterioration in the health of the global economy is weighing on minds, pushing equities lower as investors mull the impact of further punishing interest rate hikes,” Hargreaves Lansdown said. “It now seems probable…
-
Samsung Electronics’ Verdict In US Patent Lawsuit Over $303 Million
A U.S. federal district court jury ruled on April 21 (local time) in favor of Netlist in a memory patent infringement lawsuit against Samsung Electronics, a U.S. semiconductor company, and awarded $303 million in damages. Reuters reported that the verdict was more than (about 400 billion won). After a six-day trial, the jury determined that…