Tag: NYSE:BP
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Wall Street Highlights: JPMorgan, Wells Fargo, PNC, UnitedHealth and more
Main subjects of the day Dow Jones futures gained traction in premarket trading on Friday as investors received the first batch of corporate earnings from major banks with stronger-than-expected results. At 10.09 am EST, futures contracts linked to the Dow Jones added 37 points, or 0.11%. S&P 500 futures were flat, and Nasdaq-100 futures were…
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LSE to Clear Crypto Derivatives, Tesco Struggles with Inflation Impact, Delta Air Lines Reports Q1 Loss
US Equities Rise on Soft Inflation Data US equities traded higher on Thursday as the latest readings on jobs and factory-gate inflation came in slightly softer than expected, which provided a boost to those hoping for a potential end to the era of aggressive interest rate hikes by the Federal Reserve. The S&P 500 (SPI:SP500)…
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BP Acquires Stake in Viking CCS, Rising Interest Rates Impact Rental Market
Mixed Performance for US Stocks US stocks showed mixed performance as investors awaited inflation data that could impact Federal Reserve interest-rate decisions. The Nasdaq 100 (NASDAQI:NDX), heavily influenced by tech stocks, edged lower for the fifth session in the past six, while the S&P 500 (SPI:SP500) fluctuated between gains and losses. The yield on two-year…
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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: SVP Crisis, FirstGroup Raises Profit Guidance, BP CEO’s Pay Doubles, Disney+ to Raise Prices
SVB Financial Group Seeks Fresh Capital SVB Financial Group has seen shares drop 44% to $58.91 in premarket trading on Friday as it rushes to raise fresh capital. The sell-off comes after the company revealed it would book a $1.8 billion after-tax loss on sales of investments and seek to raise $2.25 billion by selling…