ADVFN US – Market Content Editor
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Millionaires Flock To New York, England and Wales Insolvency Spike, AT1 Bond Market Rebounds
Millionaires Flock To New York Henley & Partners, an investment company, ranks New York City as home to the largest number of millionaires in the world. The city has around 340,000 millionaires, up 40% from 2012, while Tokyo has slipped to second place. Singapore, with 240,000 millionaires as of 2022, has overtaken Hong Kong in…
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Wednesday’s Wall Street Highlights: Western Alliance, Morgan Stanley, ASML, Tesla and more
Main subjects of the day US stock futures fell on Wednesday as investors digested double-digit inflation in the UK that triggered government bond sales, and the latest batch of quarterly earnings. By 8:39 AM, Dow Jones futures were down 122 points, or -0.36%. S&P 500 and Nasdaq-100 futures fell -0.63% and -0.85%, respectively. Treasury yields soared…
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Futures Pointing To Initial Weakness On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move to the downside after ending the previous session narrowly mixed. Ongoing concerns about the outlook for interest rates and the global economy may weigh on the markets to start the session. Negative sentiment may…
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European Midday Briefing: Hot UK Inflation Print Drags on Stocks
Market Wraps Stocks: European stocks were mostly lower on Wednesday as investors focused on another hot U.K. inflation print that will likely support the case for further Bank of England interest rate rises. Annual inflation fell to 10.1% in March from 10.4% in February, but it was above the 9.8% expected by analysts in a…
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US Futures Fall, European Stocks Mostly Down
In the U.S., futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average fell 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Worldline rose 5.4% and THG climbed 3.5%. On the other hand,…
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Netflix’s Mixed Revenue Results, Goldman’s Profit Fall, Tesla Cuts Model Prices Again
Netflix’s Mixed Revenue Results Netflix (NASAQ:NFLX) reported Q1 2023 revenues of $8.16bn, a 4% YoY rise, beating analysts’ estimates, but its Q2 estimate of $8.24bn was less than the $8.47bn expected by Wall Street analysts. The news initially caused a 10% drop in Netflix shares during after-hours trading, but they later recovered. The company also…
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UK Inflation Rate Worries, EU’s Record Gas Storage, Airline Industry Recovery Signs
UK Inflation Rate Worries The annual inflation rate in the UK remained in double digits in March, reaching 10.1%, raising concerns of further interest rate hikes by the Bank of England. Despite a drop in petrol and diesel prices, the costs of food, recreation, and culture caused consumer price inflation to remain high. The previous…
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Top Company News of the Day: ASML, Telecom Italia, Twitter, Fox
ASML Sees Good Overall Demand ASML said first-quarter net sales and gross margin beat guidance as it forecast 2023 sales growth of over 25% compared with 2022, and despite some mixed signals on demand, overall demand still exceeded its capacity for this year. Telecom Italia Gets New Bids From Network-Assets Suitors Telecom Italia said it…
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Netflix Gains 1.75M Subscribers, Boeing Stock Jumps
Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business The streaming service ended the first quarter with 232.5 million customers and said a password-sharing crackdown in the U.S. would be coming soon. Fox to Pay $787 Million to Settle Dominion’s Defamation Lawsuit The settlement averts a trial on the voting-machine company’s allegations that it was defamed…
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Nvidia Can Be THE AI Stock Market Darling: Upgrade To Buy Rating & $400 Target
Report written by Chaim Siegel of Elazar Advisors, LLC We’re moving to a Buy Rating on Nvidia. The main driver for Nvidia is Data Center. The company said on their last earnings call that Data Center should accelerate this quarter and continue to accelerate through the year. Running that through to 2024 gets me nice…