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Goldman Sachs Q1 Profit Down, Yet Beats; Topline Misses View
Goldman Sachs Group Inc. reported Tuesday lower profit in its first quarter as revenues were hurt mainly by weak performance in Global Banking & Markets. Earnings per share, however, beat market estimates, while topline missed view. In pre-market activity on the NYSE, the banking major's shares were losing around 3.5 percent. Citing the weak results amid the banking industry turmoil, David Solomon
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vor 688 Tagen
UK Wage Growth Strengthens Case For Rate Hike
The UK total pay grew more than expected in the three months to February and higher job vacancies again strengthened wage demands, official data revealed Tuesday, adding the call for a quarter-point interest rate hike from the Bank of England next month.
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vor 688 Tagen
Bay Street Seen Extending Gains At Open; Inflation Data In Focus
Canadian shares look headed for a positive start on Tuesday, tracking positive cues from European markets, strong earnings from U.S. banks, and upbeat Chinese economic data.
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vor 688 Tagen
Mining Stocks Lift FTSE 100
FTSE 100 of the London Stock Exchange gained, helped by gains in the mining sector. Positive economic data updates from China as well as upbeat corporate earnings also supported sentiment.
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vor 688 Tagen
European Stocks Surging Higher On Earnings Optimism
European stocks are up in positive territory on Tuesday as strong economic data from China, and some upbeat earnings updates from top U.S. companies Bank of America and Johnson & Johnson help outweigh concerns about interest rates.
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vor 688 Tagen
CAC-40 Hovers Near Record High
The CAC-40 traded close to the high of 7552 amidst the positive sentiment triggered by China's GDP surprise that lifted luxury shares.
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vor 688 Tagen
Sensex, Nifty End Lower For 2nd Straight Day
Despite opening on a positive note, Indian shares ended lower on Tuesday, losing ground for a second straight session, as concerns about global growth and interest rate outlook rendered the mood a bit bearish once again.
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vor 688 Tagen
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DAX Rallies Amidst Strong Earnings, Growth
The DAX benchmark of the Frankfurt bourse moved higher on Tuesday amidst upbeat earnings updates that added to the positive sentiment generated by strong growth numbers from China.
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vor 688 Tagen
Elon Musk Plans To Launch TruthGPT To Rival ChatGPT, Google
Elon Musk, the founder and CEO of Tesla and SpaceX, as well as the CEO of Twitter, said he is planning to launch his own artificial intelligence or AI venture TruthGPT. In an interview with Fox News, the billionaire also said Twitter was working on a feature that would allow users to optionally encrypt their direct messages, which will be launched no later than next month.
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vor 688 Tagen
Asian Stocks Mixed Despite China's Positive GDP Surprise
Asian markets moved mixed on Tuesday despite China's GDP data surprising with a more than expected growth in the first quarter.
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vor 688 Tagen
Pound Rises On Strong U.K. Wage Data
The British pound strengthened against other major currencies in the European session on Tuesday, after the release of solid U.K. wage report from three months to February.
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vor 688 Tagen
Pound Advances Amid Better-than-expected U.K. Wage Growth
The British pound appreciated against other major currencies in the early European session on Tuesday, as the nation's wage growth beat expectations in the three months to February, raising hopes for a 25 basis point hike from the Bank of England next month.
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vor 688 Tagen
Ericsson Q1 Profit Down, Sees Lower End Of FY24 EBITA View; Stock Dips
Shares of LM Ericsson were losing around 6 percent in the morning trading in Sweden as well as around 4 percent in pre-market activity on Nasdaq after the telecom major reported Tuesday weak profit in its first quarter amid flat organic sales, while total sales increased in double-digit rates. Ericsson added that it is on track to reach the lower end of the long term EBITA target range...
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vor 688 Tagen
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