Reuters. Yasin Ebrahim Investing.com – The pound fell sharply against the dollar on Tuesday as Prime Minister Boris Johnson raised fears of a no-deal Brexit after warning that Britain would end negotiations if there was no progress towards a deal by mid-October. It fell 1.35% to $1.2988. Johnson saidRead More →
Consumer Confidence, Nasdaq 100, COVID – Talking Points. University of Michigan consumer confidence remains suppressed COVID-19 outbreak continues to affect consumers outlook Nasdaq 100 falls after consumer sentiment report The preliminary University of Michigan Consumer Confidence Index traded at 72.8 last Friday morning, compared to expectations of 72.5. FollowingRead More →
Oil futures fell Friday, with traders citing uncertainty about demand for fuel and rising U.S.-China tensions over Hong Kong, but the U.S. crude benchmark remained on track for its biggest monthly rise on record. “Demand is rising, and production is falling, but China might be the fly in the oilRead More →
The majority of top traders on Binance Futures are longing Bitcoin (BTC), Ether (ETH), and 8 other cryptocurrencies. In fact, more than 50% of traders are long on 10 crypto assets despite the current decline in the price of BTC. According to Binance, the current futures positions over the pastRead More →
Booking Earnings, Revenue Beat in Q4 Investing.com – Travel company Booking on Wednesday reported better-than-expected fourth-quarter results, but its guidance fell short of estimates amid concerns about the coronavirus’ impact on travel demand. Shares fell 2.3% postmarket. “While the outlook for global travel in the near term is uncertain dueRead More →
By Costas Pitas LONDON (Reuters) – British car output dropped last year at the fastest rate since the 2008-9 recession, hit by slumping exports and diesel demand, as an industry body called for an ambitious post-Brexit trade deal to protect the sector. Investment, however, nearly doubled to 1.1 billion poundsRead More →
Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s outlook fell below Wall Street estimates and data-center sales did not come in as well as expected. AMD AMD, +2.58% shares declined 2% after hours, following a 2.6% rise in the regular session to closeRead More →
© Reuters. Investing.com — Stocks in focus in premarket trade on Wednesday, 18th December. Please refresh for updates. 7:45 AM ET: FedEx (NYSE:) stock was down 7.6% after publishing a 40% drop in profit in its fiscal second quarter, due in part to Amazon.com (NASDAQ:) pivoting from customer to rivalRead More →
© Reuters. FILE PHOTO: Pedestrian walks past a Hudson’s Bay company sign at the retailer’s flagship Toronto store By Jessica DiNapoli and Greg Roumeliotis (Reuters) – Saks Fifth Avenue owner Hudson’s Bay Co (TO:) has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to takeRead More →
Oracle Corp. shares dropped in late trading Thursday as the software giant’s struggle to increase revenue continued. The software company posted better-than-expected earnings for its fiscal second quarter but came up a bit short on revenue, where it has struggled for years. Oracle ORCL, +0.28% reported a year-over-year revenue increaseRead More →
British stocks climbed higher on Tuesday despite the Conservative Party’s lead narrowing in two separate election polls. The FTSE 250 MCX, +0.59% moved to 15-month highs, climbing 0.6% above 20,800 points, while the FTSE 100 UKX, +0.11% edged 0.1% higher. The pound GBPUSD, -0.2481% slipped 0.2% toRead More →
By Arjun Panchadar (Reuters) – U.S. stock index futures slipped slightly on Thursday, a day after the S&P 500 and the closed at record highs, as weak Chinese economic data and a dour forecast from Cisco rekindled fears of a global slowdown. Cisco Systems Inc (O:) fell 5.6% after theRead More →
Cisco Systems Inc. issued a disappointing forecast for a second consecutive quarter Wednesday, sending shares down and increasing fears of a slowdown in global tech spending. Cisco CSCO, +0.19% projected that revenue would fall 3% to 5% year-over-year in its fiscal second quarter, and guided for a slight profit increaseRead More →
By Angelika Gruber and Brenna Hughes Neghaiwi ZURICH (Reuters) – The world’s richest people became a little less well off last year, according to a report by UBS (S:) and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time in a decade.Read More →
Avis Budget Group Inc. stock tanked in the extended session Thursday after the car-rental company posted an adjusted third-quarter profit well bellow market expectations. Avis CAR, -1.49% said it earned $189 million, or $2.50 a share, in the quarter, compared with $213 million, or $2.68 a share, in the year-agoRead More →
AMD’s latest earnings didn’t do much to change minds, as bulls cheered momentum in new product lines while those on the sidelines expressed concern about margins. Shares of AMD AMD, -2.03% were off 1.8% on Wednesday after the company posted results in line with expectations while coming up a bitRead More →
U.S. stocks fell Friday after data showed China’s economic growth slowing further in the third quarter offset a good start to the corporate earnings reporting season. Bearish news on Johnson & Johnson JNJ, -5.37% and Boeing BA, -3.96% also weighed on the Dow. What are major indexes doing? The DowRead More →
SmileDirectClub Inc. shares tumbled anew on Thursday, after the company filed a lawsuit against the California Dental Board and individual members, claiming that they attempted to intimidate its staff and customers in a series of raids on SmileShops across the state. The suit, filed on behalf of Dr. Jeffrey Sulitzer,Read More →
SmileDirectClub shares slid 4.5% Friday before recouping those losses, after a short seller slammed the company for illegal practices and said the teeth-straightening startup cuts corners in ways that put customers at risk. In a blistering report, short seller Hindenburg Research estimated that the stock SDC, +7.45% has about 85%Read More →
© Reuters. BlackRock Falls 3% Investing.com – BlackRock (NYSE:) fell by 3.07% to trade at $420.36 by 11:19 (15:19 GMT) on Wednesday on the NYSE exchange. The volume of BlackRock shares traded since the start of the session was 188.25K. BlackRock has traded in a range of $420.35 to $428.55Read More →
Micron Technology Inc. shares fell in the extended session Thursday after the memory-chip maker reported another large earnings decline and predicted a disappointing holiday season. Micron MU, -1.76% shares were down 6.5% in after-hours trading Thursday at the end of an afternoon conference call to discuss the fiscal fourth-quarter results.Read More →
Investing.com – Apple (NASDAQ:) fell in midday trade Friday after its price target was cut by Goldman Sachs (NYSE:) to $165 from $187. Apple lost 1.8%. Analyst Rod Hall maintained his neutral rating on the company, but noted that its plan to offer a trial period for Apple TV+ willRead More →
© Reuters. Broadcom Earnings Beat, Revenue Misses In Q3 Investing.com – Broadcom (NASDAQ:) on Thursday offered up a cautious outlook on demand and reported mixed third quarter as earnings topped expectations but revenue fell short. “Looking at the semiconductor solutions segment, we believe demand has bottomed out but will continueRead More →
© Reuters. Alex Fenkell, founder of SmileDirectClub, speaks as the company debuts its IPO outside the Nasdaq MarketSite in New York (Reuters) – Shares of SmileDirectClub (O:), a teeth alignment company, tumbled 10.7% in their market debut on Thursday, after the company’s initial public offering was priced above expectations. SharesRead More →
© Reuters. FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong HONG KONG (Reuters) – Hong Kong Exchanges and Clearing Ltd (HKEX) (HK:) shares fell more than 3% on Thursday after the bourse unveiled a $39 billion takeover approach toRead More →
