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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)When Ant Group prices its IPO in Shanghai and Hong Kong this week, it could set a new world record for a stock market listing. But it will also ram home a much bigger point. […]
Read moreRoughly a third of the Dow Jones industrial average components are scheduled to report their latest quarterly reports this week. The markets have been recovering recently, and the fundamentals expressed by these companies will be important in terms of understanding where they stand going forward. 24/7 Wall St. has put together a preview of those Dow companies scheduled to report […]
Read moreFox Business Flash top headlines for October 23 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. The U.S. Transportation Department said on Friday it had tentatively approved a proposed alliance agreement between Delta Air Lines and Canada's WestJet that is expected to expand travel options between the United States and Canada. Continue Reading Below The department said […]
Read moreWarren Buffett's Berkshire Hathaway has scored a $1 billion gain on its Snowflake shares. The billionaire investor's company spent about $735 million for 6.1 million Snowflake shares when the cloud-data platform went public last month. Snowflake's stock price jumped 18% in two days to close at nearly $300 on Thursday, valuing Berkshire's stake at about $1.8 billion. The technology group […]
Read moreTake a look at some of the biggest movers in the premarket: Intel (INTC) — The chipmaker reported third-quarter earnings of $1.11 per share, in line with estimates. Revenue was higher than expected at $18.33 billion, while analysts surveyed by Refinitiv expected $18.25 billion. The company's Data Center Group, however, saw revenue decline by 7% and miss expectations. The shares […]
Read moreDow futures pointed to a gain at Friday's open as Wall Street monitors coronavirus stimulus talks and contemplates how the final presidential debate may influence undecided voters. Quarterly earnings reports and FDA approval of Gilead Sciences' antiviral remdesivir are also in the mix for investors. The Dow, S&P 500 and Nasdaq all advanced Thursday but not enough to pull them […]
Read moreSign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter South Africa’s main stock index rose 0.8% as of 10:31 a.m. in Johannesburg, the biggest gain since Oct. 12, as increased appetite for riskier assets lifts miners. Diversified mining giant Anglo American Plc climbed 1.9% and was among the biggest contributors of index points to the benchmark. […]
Read moreTake a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola beat estimates by 9 cents a share, with quarterly earnings of 55 cents per share. Revenue topped forecasts as well. The partial reopening of theaters and restaurants helped the company's results, and an organic sales decline of 6% was an improvement over the prior […]
Read moreU.S. stock futures were steady Wednesday morning. The Dow Jones Industrial Average, S&P 500 and Nasdaq finished higher, though off the highest levels Tuesday, after signs of progress in talks between Democrats and the White House over a new Covid-19 stimulus package with less than two weeks until the Nov. 3 election. The Dow and S&P 500 logged two-day winning […]
Read moreFox Business Flash top headlines for October 20 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Nestle raised its guidance for 2020 organic sales growth to around 3% after beating third-quarter expectations on Wednesday with 4.9% growth driven by strong demand for pet food, coffee and health products. Continue Reading Below The world's biggest food […]
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