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Nasdaq hits record close after Powell reassures investors, CPI in focus
Nasdaq hits record close after Powell reassures investors, CPI in focus
May 14, 2024
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) - The Nasdaq scored a record closing high on Tuesday and the S&P 500 and the Dow also advanced as Federal Reserve Chair Jerome Powell reassured investors while they digested Tuesday's data and waited for Wednesday's crucial consumer inflation report. U.S. producer prices increased more than expected in April as the cost...
US STOCKS-Nasdaq hits record close after Powell reassures investors, CPI in focus
US STOCKS-Nasdaq hits record close after Powell reassures investors, CPI in focus
May 14, 2024
* Producer prices up more than expected in April * Fed's Powell: PPI 'mixed', next move unlikely to be a rate hike * Meme stocks extend gains, Home Depot ( HD ) shares fall after report * Alphabet advances after AI updates * Indexes rise: Dow 0.32%, S&P 0.48%, Nasdaq 0.75% (Updates with final closing prices, volume data) By Sinéad...
MSCI publishes quarterly index review results
MSCI publishes quarterly index review results
May 14, 2024
May 14 (Reuters) - Index provider MSCI ( MSCI ) said on Tuesday that 42 securities will be added and 121 securities deleted from its widely followed MSCI ACWI index, as part of its quarterly review. The changes will be implemented as of market close on May 31. ...
Sector Update: Energy
Sector Update: Energy
May 14, 2024
03:31 PM EDT, 05/14/2024 (MT Newswires) -- Energy stocks were easing late Tuesday afternoon, with the NYSE Energy Sector Index down 0.1% and the Energy Select Sector SPDR Fund (XLE) fractionally lower. The Philadelphia Oil Service Sector index was up 0.6%, and the Dow Jones US Utilities index was adding 0.1% Front-month West Texas Intermediate crude dropped 1.3% to $78.06...
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Deep Dive Into Confluent Stock: Analyst Perspectives (17 Ratings)
Deep Dive Into Confluent Stock: Analyst Perspectives (17 Ratings)
Mar 22, 2024
In the preceding three months, 17 analysts have released ratings for Confluent , presenting a wide array of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 5 5...
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
Mar 22, 2024
The two companies will establish a DePIN alliance in south-east Asia.AIOZ's native token is currently trading flat after the announcement, it is up by more than 200% in 30 days.AIOZ Network will use Alibaba Cloud to improve Web 3, AI, storage and streaming services.Decentralized infrastructure network (DePIN) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator...
Dutch PM to meet China's Xi amid strain over chip export policy
Dutch PM to meet China's Xi amid strain over chip export policy
Mar 22, 2024
AMSTERDAM, March 22 (Reuters) - The Netherlands' prime minister will travel to China next week for a meeting with Chinese President Xi Jinping on economic ties, the Dutch government said on Friday, a meeting that is likely to be strained over computer chip export policy matters. The Dutch government this year began denying licenses for ASML, the biggest supplier of...
Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Mar 22, 2024
(Reuters) - The U.S. government's antitrust lawsuit against Apple ( AAPL ) draws on the watershed 1998 case that broke Microsoft's ( MSFT ) stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing smartphone competition. The market for the iPhone today looks very different from the near-monopoly enjoyed by Microsoft's ( MSFT ) Windows...
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ACADIA Pharmaceuticals Closes Sale of Priority Review Voucher for $150 Million
ACADIA Pharmaceuticals Closes Sale of Priority Review Voucher for $150 Million
Dec 11, 2024
04:26 PM EST, 12/11/2024 (MT Newswires) -- ACADIA Pharmaceuticals ( ACAD ) said Wednesday it closed of the sale of its rare pediatric disease priority review voucher for $150 million, before fees and expenses. Acadia will pay Neuren Pharmaceuticals one-third of the net proceeds, under a licensing deal between the companies, the company said. Acadia said proceeds from the sale...
Copa Passenger Traffic, Capacity Rose in November
Copa Passenger Traffic, Capacity Rose in November
Dec 11, 2024
04:29 PM EST, 12/11/2024 (MT Newswires) -- Copa (CPA) said preliminary November passenger traffic data, measured in revenue passenger miles, rose 6.8% from a year earlier. The preliminary data also showed that capacity, measured in available seat miles, rose 8.4% from a year earlier. The system load factor was 86.1%, down from 87.4% a year earlier. ...
Oxford Industries Swings to Fiscal Q3 Loss, Sales Declines; Fiscal 2024 Guidance Revised
Oxford Industries Swings to Fiscal Q3 Loss, Sales Declines; Fiscal 2024 Guidance Revised
Dec 11, 2024
04:31 PM EST, 12/11/2024 (MT Newswires) -- Oxford Industries ( OXM ) reported a fiscal Q3 adjusted loss late Wednesday of $0.11 a share, compared with earnings of $1.01 a year earlier. Analysts surveyed by FactSet expected $0.09. Sales in the quarter ended Nov. 2 were $308 million, down from $326.6 million a year earlier. Analysts surveyed by FactSet expected...
Americas Gold and Silver Gets Support From ISS, Glass Lewis for Galena Acquisition
Americas Gold and Silver Gets Support From ISS, Glass Lewis for Galena Acquisition
Dec 11, 2024
04:30 PM EST, 12/11/2024 (MT Newswires) -- Americas Gold and Silver ( USAS ) said Wednesday that advisory firms Institutional Shareholder Services and Glass Lewis have recommended that shareholders support its proposed acquisition of the remaining 40% interest in the Galena Complex. Shareholders have been encouraged to vote on resolutions concerning the acquisition ahead of a special meeting to be...
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