Market Pulse - Usa
Federal Reserve not yet confident enough to cut rates, but sees progress
Central bankers in the U. S. said they were now closer to achieving their goals for both full employment and inflation stability.
Boeing tops Q4 expectations but offers no 2024 guidance
Troubled aerospace giant Boeing topped market expectations on fourth quarter losses on Wednesday, but declined to offer guidance for 2024 as it grappled with safety issues with its 737 MAX-9 narrowbody.
US job openings rise unexpectedly in December
The U. S. jobs market continued to exhibit strength at the end of 2023.
General Motors tops forecasts despite slower EV market
General Motors beat market forecasts with its latest figures on Tuesday, as it reported revenue of $43bn in its fourth quarter, with net income attributable to stockholders of $2. 1bn and adjusted EBIT of $1. 8bn.
Microsoft to lay off 1,900 from its gaming division
Microsoft is set to reduce its workforce in the gaming division by approximately 1,900 employees, it emerged on Thursday, according to an internal company memo reported by CNBC.
US close: Stocks mixed ahead of key data releases
Wall Street experienced a mixed performance on Tuesday, with its main market indices showing varied results following a record close in the previous session.
Johnson & Johnson reports robust quarter, but full-year earnings slip
Johnson & Johnson reported robust growth in sales and earnings in its fourth quarter numbers on Tuesday, with sales rising 7. 3% year-on-year to $21. 4bn.
Sanofi to take on lead Inhibrx candidate in $2.2bn deal
Inhibrx announced an agreement with Sanofi on Tuesday, under which Sanofi subsidiary Aventis will acquire all assets and liabilities associated with INBRX-101, a recombinant alpha-1 antitrypsin (AAT) augmentation therapy currently being trialled for alpha-1 antitrypsin deficiency (AATD) treatment.
ADM suspends finance chief, lowers earnings outlook
American agricultural trader Archer-Daniels-Midland (ADM) put its chief financial officer Vikram Luthar on administrative leave overnight, lowering its earnings outlook as it investigated its accounting practices.
US close: Stocks higher as Apple buoys Nasdaq
Wall Street stocks were higher at the end of trading on Thursday as major indices reclaimed some of their recent losses.
Philadelphia Fed manufacturing index rises in January
The Philadelphia Federal Reserve's manufacturing index rose 2. 2 points in January to a reading of -10. 6, an 18th negative reading in the past 20 months, worse than market estimates for a print of -7.
US open: Nasdaq trades higher as Apple leads the way
Wall Street stocks were higher early on Thursday as major indices attempted to bounce back from yet another losing session.
US jobless claims fall by 16,000
Americans lined up for state assistance at a decelerated pace in the week ended 18 January, according to the Labor Department.
US pre-open: Stocks mixed ahead of jobless claims data
Wall Street stocks were mostly higher ahead of the bell on Thursday following yet another losing session for the blue-chip Dow Jones.
NAHB housing market index rises to 44 in January
The National Association of Housebuilders' housing market index rose to 44 in January, up from 37 in the previous month, extending its rebound from a low touched in November and firmly above market expectations for a reading of 39.
US open: Stocks trade lower, retail sales in focus
Wall Street stocks were in the red early on Wednesday as market participants continued to mull over the future of monetary policy and digested retail sales data for the all-important holiday season.
US retail sales jump 0.6% in December
US retail sales soared 0. 6% month-on-month in December, according to the Census Bureau, beating forecasts of 0. 4% for the biggest increase in three months.
US pre-open: Futures lower as monetary policy remains in focus
Wall Street futures were in the red ahead of the open on Wednesday as market participants continued to mull over the future of monetary policy.
JPMorgan Securities to pay $18m over anti-whistleblower practices
JP Morgan Chase subsidiary, JPMorgan Securities agreed to pay an $18m penalty, it emerged on Tuesday, in response to allegations of violating whistleblower protection regulations by the US Securities and Exchange Commission (SEC).
US open: Stocks mixed following MLK Day break
Wall Street stocks were mixed early on Tuesday as traders returned from the Martin Luther King Jr Day break to more bank earnings and headlines from the Republican Party's Iowa caucus.