ADVFN US – Market Content Editor
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Near-Term Uncertainty May Lead To Choppy Trading On Wall Street
US Market The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after ending the previous session mostly lower. Traders may be reluctant to make significant moves as they look for additional clarity about the outlook for the markets following the…
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European Midday Briefing: Stocks Mostly Higher After PMI Data
Market Wraps Stocks: European stocks were mostly higher on Friday, following data from a purchasing managers survey showed activity in the eurozone manufacturing and services sectors increased in April. The PMI data for the eurozone points to continued economic resilience in April, but this was fully driven by the services sector, which is still benefiting…
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Top Company News of the Day
SAP Updates Guidance on Qualtrics Divestment SAP revised its outlook for the year to account for the stake in Qualtrics International that it is divesting as the group continues to focus on its cloud business, the main driver of revenue growth in the first quarter. Barclays Names HSBC Executive as Compliance Chief Kirsty Everett is…
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US Futures Fall, 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 declined 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. EssilorLuxottica added 5.4% and Alstria Office REIT climbed 2.7%. On the…
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SpaceX Starship Launch Fails, BuzzFeed Shuts Down News, BHP Lowers Production Outlook
Disappointing Earnings Reports Decline Stocks US and European stocks declined on Thursday after several disappointing first-quarter earnings reports. The S&P 500 index (SPI:SP500) fell by 0.6%, while the Nasdaq Composite (NASDAQI:NDX) dropped by 0.8%. Shares in Tesla (NASDAQ:TSLA) fell nearly 10% after the company reported that price cuts had further lowered its profit margin. AT&T…
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Jobless Claims Exceed Expectations, US Home Sales Decline, UK Consumer Confidence Rises
Jobless Claims Exceed Expectations The US labour department reported 245,000 new initial jobless claims in the week ending April 15, which exceeded economists’ expectations of 240,000 claims. This was an increase in the pace of new claims, led by California, New York, Massachusetts and Texas, based on preliminary figures not adjusted for seasonal changes. US…
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Tesla Stock Slips, Google Combines AI Research Units
Google Combines AI Research Units Brain and DeepMind The search giant (NASDAQ:GOOGL) is merging AI resources to accelerate progress in technology that is reshaping business. AT&T Sees Signs of Businesses, Consumers Paring Back Spending AT&T (NYSE:T) says demand for its wireless plans is being dented by corporate cost cutting and layoffs. Tesla Stock Slips After…
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Crypto this Thursday: Bitcoin Under $28,500, Societe Generale Launches Stablecoin, and More
BTC price puts $28K support at risk Bitcoin (COIN:BTCUSD) rebounded from new 10-day lows at the Wall Street open on April 20, as US jobs data boosted investor confidence, reversing higher after hitting $28,360. Amidst an ongoing correction, the pair, however, failed to recover even $29,000 of support as US unemployment data indicated that tighter financial…
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Global Banks Shift to Eurozone, Ikea Invests Big in US, AT&T’s Postpaid Phone Slowdown
Ikea Invests Big in US Ikea is investing €2bn into the US market, its largest investment in a single country. The company plans to open eight new large stores and nine smaller planning studios and order points over the next three years. By doing so, Ikea hopes to take advantage of the current economic downturn…
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Russia Exports Ban Proposal, Bank Failures Slow Borrowing, China’s Benchmark Rates Steady
Russia Exports Ban Proposal Ukraine’s key allies, including the US, are considering an outright ban on most exports to Russia, as they aim to tighten economic pressure on President Vladimir Putin’s war. Group of Seven officials are discussing this idea ahead of a leaders summit in Japan, intending to include European Union member states in…