After the social networking behemoth announced earnings that exceeded expectations, Meta’s stock is having a field day on Thursday, rising roughly 14%. The movement was sufficient to push the shares to 52-week highs, and they are now on the verge of a significant turning point. Following strong quarterly results from …
Read More »Wall St opens higher as upbeat earnings lift mood
The major Wall Street indexes started the day higher on Thursday after Meta Platforms, Eli Lilly, and Comcast reported results that were better than expected, outweighing statistics that indicated the U.S. economy slowed down more than predicted in the first quarter. At the start of trading, the Dow Jones Industrial …
Read More »Most of Japan’s stocks rose at the close after the announcement of the companies’ results
Most Japanese stocks rose on Thursday, led by manufacturing companies, on profit optimism, while concerns about the banking sector weighed on financial companies. The Nikkei index rose 0.15 percent to close at 28,457.68 points, recovering from a drop of 0.6 percent at the beginning of the session. The broader Topix …
Read More »What can GM post-earnings performance tell about Investors?
The performance of the General Motors stock, on Wednesday, shows investors are completely confused about cars. General Motors–2.19% reported a bigger profit than expected and raised its full-year financial forecasts amid a recovery in overall US auto sales. But the stock tanked, making it even clearer than it already was …
Read More »U.S. stocks are rising after strong reports from Microsoft, Boeing
After Microsoft exceeded expectations, technology firms helped lift U.S. markets higher. The S&P 500 was up 0.2% and the NASDAQ Composite was up 0.7% as of 13:47 GMT, while the Dow Jones Industrial Average was up 52 points, or 0.2%. After Microsoft Corporation posted better-than-anticipated results for the quarter and …
Read More »Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard
Britain’s largest competition regulator has moved to block Microsoft’s acquisition of video game publisher Activision Blizzard, in a painful blow to the US tech giant. Microsoft announced its intention to acquire Activision Blizzard in January 2022 for $69 billion, in one of the largest deals the video game sector has …
Read More »US stocks slide ahead of key earnings
As investors processed a flurry of significant quarterly reports and readied themselves for the start of the big tech earnings season, stocks were trading lower on Tuesday. A 122 point, or 0.4%, decline in the Dow Jones Industrial Average was seen. The Nasdaq Composite was down 1% and the S&P …
Read More »Wall St opens lower on mixed earnings, First Republic shares plunge
Following a mixed batch of earnings results, Wall Street’s major indexes opened lower on Tuesday. A decline in deposits at local lender First Republic Bank added to worries about the banking industry. At the start, the Dow Jones Industrial Average dropped 47.06 points, or 0.14%, to 33,828.34. The Nasdaq Composite …
Read More »PepsiCo raises full-year income outlook as Q1 earnings beat estimates
After price increases enabled the American food and beverage business to offset an increase in input costs and report better-than-expected first-quarter results, PepsiCo Inc. increased its annual profit guidance. The firm that owns brands including Pepsi carbonated beverages and Frito-Lay potato chips announced that it has raised its previous expectation …
Read More »Japan’s Nikkei index touches an 8-month high
Japanese stocks rose slightly on Tuesday, with the Nikkei index touching an eight-month high, amid optimism about the results of a group of companies and the expansion of government subsidies for chip production. Momentum eased in the afternoon session, dragged down by steel producers amid indications of weaker demand from …
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