Tag: NASDAQ:FCNCA
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Exxon Mobil Net Profit Drops 28% to $8.22 Billion, Atlassian Surprises with Revenue Boost and Co-CEO Exit, and More in Earnings
Exxon Mobil (NYSE:XOM) – Shares of Exxon Mobil are down 1.7% in pre-market trading after reporting first-quarter earnings below forecasts, affected by pressure on refining margins and falling natural gas prices. Earnings per share were $2.06, versus the expected $2.20. Revenue exceeded expectations, totaling $83.08 billion compared to the forecast of $78.35 billion. Net profit…
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FedEx Soars 13% with Profits Above Forecasts, Nike Hit by China Slowdown, and Latest News
FedEx (NYSE:FDX) – FedEx exceeded profit forecasts for the quarter, posting an adjusted profit of $3.86 per share, higher than the $3.45 per share expected by analysts consulted by LSEG. However, the company’s revenue did not meet estimates. FedEx also announced a $5 billion share buyback program. FedEx shares rose 12.6% in pre-market trading. Nike…
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Wall Street Highlights: Intel’s Disappointing Quarterly Forecast, PayPal’s New AI Solutions for Merchants, and More
In the pre-market on Friday, U.S. index futures experienced declines, reflecting investors’ reactions to lower-than-expected sales forecasts by giants such as Intel (NASDAQ:INTC) and Tesla (NASDAQ:TSLA), announced on Thursday. The market is also anticipating the release of the Personal Consumption Expenditures price index deflator, which is the inflation indicator most closely monitored by the Federal…
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Friday’s Wall Street Highlights: Apple, Goldman Sachs, Morgan Stanley, DocuSign, and more
US index futures are lower in premarket trading on Friday reflecting a heightened risk aversion scenario. By 6:50 AM, Dow Jones futures (DOWI:DJI) were down 45 points, or 0.13%. S&P 500 futures were down 0.14% and Nasdaq-100 futures were down 0.16%. The 10-year Treasury yield was at 4.246%. In the economic agenda for Friday, investors await, at…
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Tuesday’s Wall Street Highlights: PacWest, Yelp, Oracle, Lowe’s and more
US Index Futures had a flat open, with indexes hovering just below the flat line as the market focused on budget disputes in Washington. By 6:40 AM, Dow Jones futures were down 21 points, or 0.06%. S&P 500 futures were down 0.02%, while Nasdaq-100 futures were down 0.02%. The 10-year Treasury yield was at 3.746%. West Texas Intermediate…
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Wall Street Highlights for Wednesday: CPI, Airbnb, Twilio, Alphabet, Upstart and more
US Index Futures reversed higher after the latest inflation reading. Dow Jones futures were up 0.2%, while S&P 500 and Nasdaq-100 futures were up more than 0.3% each. The consumer price index, which measures the cost of a wide range of goods and services, rose 0.4% in April, despite more than a year of Federal Reserve…
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UMG Urges AI Music Restrictions, Harita Nickel Valued at $5.5 Billion, De La Rue Revises Forecasts
Smaller Company Shares Gain Shares of smaller companies and those in cyclical industries, such as materials and energy, saw gains in a quiet trading session on Tuesday ahead of the release of U.S. inflation data. The S&P 500 (SPI:SP500) remained nearly unchanged, while the Russell 2000 index climbed 0.8%, marking the second consecutive session of…
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Market News: Banking Sector Rebounds, Alibaba to Restructure, Multinationals Worry EU
Banking Sector Rebounds Investors realized that regional lenders are in better condition than initially feared following the collapse of Silicon Valley Bank. Bank shares rallied on Monday and U.S. Treasury prices fell after First Citizens Bancshares (NASDAQ:FCNCA) reached a deal to buy large pieces of Silicon Valley Bank (NYSE:SVB). Analysts are increasingly confident that the…
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Market News: First Citizens Bank to Purchase SVB, Chairman of SBN Resigns, Accenture to Cut 19,000 Jobs
Record Inflow into US MMFs So far this year, more than $286bn has flowed into US money market funds, the biggest inflow since the Covid-19 crisis. The collapse of two regional US banks and the rescue of Credit Suisse (NYSE:CS) by banks has raised concerns about the safety of bank deposits. Goldman Sachs (NYSE:GS), JPMorgan…
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Economic News: Tech Layoffs Surge, Interest Rate Hike Expectations Fall…
US and European Stocks Rise US futures and European stocks climbed on the back of news of potential support from US authorities, which eased concerns over the struggling regional banking sector. All three major US indices saw gains in contract trading. First Republic Bank (NYSE:FRC) shares surged 27%, following news that US authorities may expand…