ExcitingAds! Dow

Dow Jones dips 46 points despite First Republic Bank takeover

Mon, 01 May 2023 20:26:16 GMT

NEW YORK, New York - U.S. stocks dipped on Monday despite news that the Federal Deposit Insurance Corporation (FDIC) had conducted an effective auction over the weekend to dispose of the assets and deposits of First Republic Bank.

The move by the regulator shores up the banking crisis, which saw three regional banks fail in recent weeks.

JPMorgan Chase's offer of $10.6 billion topped the bids and the bankin

Credit Suisse reports $68 billion loss in first quarter 2023

Mon, 01 May 2023 09:49:19 GMT

GENEVA, Switzerland: Amid its state-engineered marriage with rival UBS bank, Credit Suisse said that in the first quarter of 2023 it lost $68 billion in assets, and outflows were continuing to leave the bank.

Customer deposits declined by 67 billion francs in the quarter and many matured time deposits had not been renewed, it added.

"These outflows have moderated, but have not yet reversed as of 24th Apri

LA Championship: India's Aditi Ashok finishes T2, achieves best finish on LPGA Tour

Mon, 01 May 2023 17:56:04 GMT

California [US], May 1 (ANI): Indian golfer Aditi Ashok finished joint T2 at the LA Championship 2023 golf tournament at the Wilshire Country Club in California on Sunday, achieving her best finish in an LPGA Tour event. With a score of nine-under, the Indian golfer advanced to the playoffs, where she was defeated by Hannah Green of Australia. Aditi, who nearly lost out on a bronze medal at the Tokyo 2020 Olympics, starte

Sensex recovers 61k, Nifty surpasses 18k; bullish trend to continue

Fri, 28 Apr 2023 15:03:33 GMT

Mumbai (Maharashtra) [India], April 28 (ANI): The indices of the domestic equity markets extended gains for the seventh consecutive session on Friday, tracking strong global cues as well as stronger corporate earnings. The trend of ending in the green had continued from last week's Thursday. Slowly and steadily, the stocks have been gaining ground. The weakness in the US dollar has once again made Indian and other emergin

U.S. GDP shows slower first quarter growth

Thu, 27 Apr 2023 18:49:04 GMT

"The U.S. economy is likely at an inflection point as consumer spending has softened in recent months," said an economist.

WASHINGTON, April 27 (Xinhua) -- U.S. growth declined significantly in the year's first qua

US stocks, treasury yields retreat as Fed signals pause in rate hikes

Wed, 22 Mar 2023 23:46:00 GMT

NEW YORK, 22nd March, 2023 (WAM) -- US stocks retreated from near two-week highs on Wednesday after the Federal Reserve raised borrowing costs, but signaled that it might be on the verge of pausing future interest rate hikes amid recent turmoil in financial markets.

As expected by many investors, the Fed ra

U.S. stocks dip ahead of Fed meeting

Tue, 02 May 2023 00:05:01 GMT

NEW YORK, May 1 (Xinhua) -- U.S. stocks closed lower on Monday as the Federal Reserve is expected to hike interest rates again on Wednesday.

The Dow Jones Industrial Average fell 46.46 points, or 0.14 percent, to 34,051.7. The S&P 500 sank 1.61 points, or 0.04 percent, to 4,167.87. The Nasdaq Composite Index shed 13.99 points, or 0.11 percent, to 12,212.6.

Six of the 11 primary S&P 500 sectors ended in re

U.S. stocks continue to advance on upbeat risk appetite

Fri, 28 Apr 2023 23:49:01 GMT

NEW YORK, April 28 (Xinhua) -- U.S. stocks extended gains on Friday as investors maintain strong risk appetite in general amid signs of stabilization in economic indicators.

The Dow Jones Industrial Average rose 272.00 points, or 0.80 percent, to 34,098.16. The S&P 500 added 34.13 points, or 0.83 percent, to 4,169.48. The Nasdaq Composite Index increased 84.35 points, or 0.69 percent, to 12,226.58.

Nine o

U.S. stocks surge on strong earnings

Thu, 27 Apr 2023 23:30:01 GMT

NEW YORK, April 27 (Xinhua) -- U.S. stocks rose sharply on Thursday, thanks to strong operating results of a number of heavyweight stocks.

The Dow Jones Industrial Average rose 524.29 points, or 1.57 percent, to 33,826.16. The S&P 500 added 79.36 points, or 1.96 percent, to 4,135.35. The Nasdaq Composite Index increased 287.89 points, or 2.43 percent, to 12,142.24.

All of the 11 primary S&P 500 sectors en

1st LD Writethru: U.S. GDP shows slower Q1 growth

Thu, 27 Apr 2023 16:18:10 GMT

WASHINGTON, April 27 (Xinhua) -- U.S. growth declined significantly in the year's first quarter, amid the double whammy of interest rate hikes and the worst inflation in decades.

Gross domestic product (GDP), which measures all goods and services produced, climbed an annualized 1.1 percent in the first three months in the United States, according to data released by the Commerce Department Thursday.

The n

Nasdaq underperforms on future tech profits concerns

Tue, 25 Apr 2023 00:24:00 GMT

NEW YORK, 24th April, 2023 (WAM) - Nasdaq trailed the S&P 500 and the Dow on Monday and finished down under pressure from key megacaps as investors awaited Microsoft's earnings and Tesla shares plummeted on worries about its spending plans, according to Reuters.

Tesla fell after it raised its 2023 cap

Students are turning to ChatGPT for study help, and Chegg stock plummets 38%

Tue, 02 May 2023 08:07:44 GMT

Chegg Inc. shares headed toward their lowest price since 2017 after the company's forecast called for a revenue decline as students use ChatGPT.

Arista Networks stock falls as Microsoft, Meta demand expected to moderate

Tue, 02 May 2023 08:07:44 GMT

Arista Networks shares slipped in the extended session Monday after the cloud-networking software company's quarterly results.

Morgan Stanley reportedly plans to lay off thousands more

Tue, 02 May 2023 08:07:43 GMT

Investment bank Morgan Stanley is preparing for a new round of layoffs, according to a new report.

Vice preparing to file for bankruptcys

Tue, 02 May 2023 08:07:42 GMT

Beleaguered digital-media company Vice Media is preparing to file bankruptcy, the New York Times and Wall Street Journal reported late Monday.

Hollywood writers go on strike, saying they face 'existential crisis'

Tue, 02 May 2023 08:07:42 GMT

Hollywood writers will strike for the first time in 15 years, halting production of TV shows and movies.

Aerosmith is going on a farewell tour but is this really goodbye for good?

Tue, 02 May 2023 08:07:41 GMT

Artists often say they're retiring, but fans and experts suspect the farewell can just be a marketing ploy.

RBA resumes interest-rate increases, despite signs of inflation peak

Tue, 02 May 2023 08:07:41 GMT

The RBA put its aggressive campaign of interest-rate increases on hold in April, snapping a record run of 10 consecutive increases.

U.K. shop-price inflation likely to have peaked after April deceleration, report says

Tue, 02 May 2023 08:07:40 GMT

Prices at U.K. stores in the period April 1-7 were 8.8% higher on year, slowing from an 8.9% increase in March, but still above the 3-month average rate of 8.7%.

HSBCs profit surges on strong net interest income, plans $2 billion in buybacks

Tue, 02 May 2023 08:07:40 GMT

First-quarter net profit surged to $10.33 billion from $2.76 billion in the same period a year earlier, the Asia-focused lender said Tuesday.

NBC's Chuck Todd clashes with Vivek Ramaswamy on gender- 'Are you scientist?'

Tue, 02 May 2023 07:04:19 GMT