by Laetitia Volga PARIS (Reuters) – The main European stock markets are expected to decline on Thursday at the opening after Facebook’s announcements and pending monetary decisions from the European Central Bank (ECB) and the Bank of England (BoE). Futures contracts signal an opening down 0.27% for the Paris CAC 40, 0.49% for the Dax … Read more
In January, used car sales fell for the 7th time in 8 months. A situation which is mainly explained by the crisis that the new market is going through and also by the prices for second-hand vehicles which are soaring. After reaching a record level in 2021, the second-hand market is, however, going through a … Read more
Analysts wonder if the worst is over for PayPal Credits (PYPL) following March quarter earnings that hit Wall Street targets and lowered 2022 guidance. PYPL stock rose on Thursday after hitting a fresh 52-week low ahead of its first-quarter earnings release. . After the market closed Wednesday, the e-commerce company said March quarter earnings were … Read more
Here are the most important news, trends and analysis that investors need to start their trading day: Nasdaq futures soar as stocks look to get back on trackThe Nasdaq MarketSite in New York. Michael Nagle | Bloomberg | Getty Images Nasdaq Futures Contracts rebounded nearly 2% on Thursday, boosted by a 14% rise in shares … Read more
Brian Roberts, Chairman and CEO of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast reported first quarter results Thursday that beat analyst estimates on the top and bottom lines. Shares of the company fell 3% in premarket trading, after initially rising 5% in the report. Here are the key numbers: Earnings per … Read more
The Dow Jones Industrial Average rallied on Thursday after Wednesday’s stock market rebound failed. Tech giant Metaplatforms (Facebook) soared more than 18%. Meanwhile, PayPal (PYPL), Qualcomm (COMQ) and Twitter (TWTR) were the main drivers of earnings early Thursday. Apple’s earnings are due after closing. Dow Jones Stocks caterpillar (CAT) and McDonald’s (MCD) reported earnings before … Read more
(Bloomberg) – The rising US dollar headed for its best month in a decade as renewed yen selling cemented the greenback’s strength against its major peers. Bloomberg’s Most Read A Bloomberg indicator of the greenback hit its highest level in nearly two years and rose 4.5% this month, set for its best performance since May … Read more
The U.S. economy unexpectedly contracted at an annualized rate of 1.4% in the first three months of 2022 after more than a year of rapid growth, according to a Bureau of Economic Analysis report released Thursday. The new data is fueling worries about a recession amid continued inflationary pressures and uncertainty over the war in … Read more
U.S. stocks tried to hold on to early gains on Thursday, with the Nasdaq Composite briefly dipping into negative territory after a jump that followed results from parent Facebook meta platforms that weren’t as bad as expected. Investors also initially brushed off data that showed the US economy contracted unexpectedly in the first quarter. What … Read more