Uber Technologies (NYSE:UBER) shares fell 6% premarket on Wednesday after reporting a lower-than-expected Q4 profit, with rising costs and a weaker Q1 bookings forecast overshadowing its revenue beat. Q4 Earnings Highlights Revenue: $11.96 billion (beat expectations of $11.77 billion) Adjusted EPS: $0.23 (missed estimates of $0.50) Gross Bookings: $44.2 billion …
Read More »US Stock Futures Fall as Alphabet Earnings Disappoint and Trade Tensions Rise
US stock index futures declined on Wednesday, dragged down by weak earnings from Alphabet and renewed US-China trade tensions. Stock Futures Performance (06:00 ET / 11:00 GMT) Dow Jones Futures: ↓ 80 points (-0.2%) S&P 500 Futures: ↓ 30 points (-0.5%) Nasdaq 100 Futures: ↓ 195 points (-0.9%) On Tuesday, …
Read More »Oil Prices Dip Amid Rising U.S. Stockpiles and Trade War Concerns
Oil prices fell on Wednesday as concerns over rising U.S. crude stockpiles and a potential escalation in the U.S.-China trade war weighed on market sentiment, despite renewed efforts by U.S. President Trump to curb Iranian crude exports. Market Movement Brent crude futures dropped 66 cents (-0.87%) to $75.54 per barrel …
Read More »Apple Faces Antitrust Scrutiny in China Amid Trade Tensions
Apple Inc. (NASDAQ: AAPL) is under review by China’s antitrust watchdog, the State Administration for Market Regulation (SAMR), over its App Store policies and developer fees, according to a Bloomberg report on Wednesday. Key Focus of the Review Regulators are examining Apple’s 30% commission on in-app purchases and its ban …
Read More »European Markets Slip as Investors Weigh Trade War Risks, Earnings Reports
European stock markets edged lower on Wednesday as investors digested corporate earnings, global trade tensions, and upcoming economic activity data from the region. At 08:05 GMT (03:05 ET): Germany’s DAX fell 0.4% France’s CAC 40 declined 0.2% UK’s FTSE 100 slipped 0.1% Trade War Fears Weigh on Sentiment Market caution …
Read More »Gold Prices Hit Record High Amid U.S.-China Trade Tensions and Geopolitical Uncertainty
Gold surged to an all-time high in Asian trade on Wednesday, as escalating U.S.-China trade tensions and geopolitical concerns drove strong safe-haven demand for the yellow metal. Spot gold rose 0.6% to a record $2,858.27 an ounce, while gold futures for April delivery climbed 0.4% to $2,885.39 an ounce. Trade …
Read More »Bitcoin Retreats Below $100,000 Amid Intensifying U.S.-China Trade Tensions
Bitcoin extended its losses on Wednesday, retreating below the critical $100,000 threshold as escalating U.S.-China trade tensions fueled investor caution and heightened global market volatility. As of 1:45 ET (06:55 GMT), Bitcoin (BTC) was down 1.8% at $97,601.8, failing to sustain gains after briefly surpassing the six-figure milestone in recent …
Read More »Dow Jones Midrange Stability and Tariff Developments
Dow Jones PerformanceThe Dow Jones Industrial Average (DJIA) is comfortably hovering around the 44,450 mark on Tuesday. Despite persistent trade tensions with China, the market has adjusted to the expected tariff breaks.Trade Tensions and Tariff SuspensionPresident Donald Trump has once again delayed nearly all of his recent trade war tariffs, …
Read More »Market Drivers; US Session
The US dollar weakened further on Tuesday as markets reacted to US tariff announcements and potential Chinese retaliation. Here’s a market overview for Wednesday, February 5th:US Dollar Index (DXY): The dollar index remained above 108.00 due to tariff concerns and rising US yields, failing to mount a recovery. Key US …
Read More »CAD rebounds after tariff linked fears
The Canadian dollar (CAD) rebounded strongly on Tuesday, recovering 1.55% after earlier fears of US tariffs subsided. The US had threatened tariffs on Canadian goods, including a 25% levy on all goods and a 10% import fee on energy products. However, these threats were withdrawn for 30 days. This decision …
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