Earnings Previews: AbbVie, AstraZeneca, Chevron, Exxon

Yet another look at some of the more than 900 publicly traded companies scheduled to report March quarter earnings this week. Two U.S. oil behemoths and two pharmaceutical giants are the subjects of this preview. Looking ahead to companies reporting earnings after Wednesday’s closing bell, we have previewed Apple, Facebook, Ford and Qualcomm. Four more stocks reporting results before markets […]

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German regulator warns Binance over stock tokens

FILE PHOTO: The logo of Germany’s Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside an office building of the BaFin in Bonn, Germany, April 15, 2019. REUTERS/Wolfgang RattayBERLIN (Reuters) – Germany’s financial regulator, BaFin, warned that Binance, one of the world’s largest cryptocurrency exchanges, risked being fined for offering security-tracking tokens without first publishing an investor prospectus. […]

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European stocks end flat between earnings optimism, Fed caution

(Reuters) -European stocks ended flat on Wednesday as optimism over a swathe of positive bank earnings was offset by caution setting in before the U.S. Federal Reserve’s policy decision.The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 27, 2021. REUTERS/StaffThe pan-European STOXX 600 index ended largely unchanged, with bank stocks .SX7P leading […]

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Wednesday’s Top Analyst Upgrades and Downgrades: AMD, Canopy Growth, Cimarex Energy, Credit Suisse, Fastly, Lemonade, Mattel, ViacomCBS and More

The futures were lower on Wednesday as the onslaught of S&P 500 earnings continues this week. With one-third of the S&P 500 reporting and big tech leading the earnings parade Tuesday after the close, the market continues to hold its ground despite investor euphoria, gigantic margin debt and being soundly overbought. Interest rates that had rolled over some last week […]

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From Amazon to Tata, industry steps up to combat India's coronavirus crisis

BENGALURU (Reuters) – Global and Indian firms are flexing their industrial muscle to help the world’s second biggest population battle coronavirus, coming to the rescue of a public health system buckling under the weight of surging infections and deaths.A woman with breathing problem waits inside an ambulance for her turn to enter a COVID-19 hospital for treatment, amidst the spread […]

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Bain-led consortium to buy Hitachi Metals for $7.5 billion

TOKYO (Reuters) -A consortium led by global private equity firm Bain Capital will buy all the shares of Hitachi Metals Ltd for 817 billion yen ($7.5 billion), Hitachi Ltd’s metals subsidiary said on Wednesday. For Hitachi, which currently owns 53% of Hitachi Metals, the deal is the latest divestiture in a decade-long business overhaul to pivot the business from electronics […]

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London Stock Exchange income rises, Refinitiv savings on track

LONDON (Reuters) – The London Stock Exchange Group reported a 3.9% rise in income in the first quarter and said savings from integrating its $27 billion acquisition of data and analytics company Refinitiv were on target.FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo/File PhotoAbout 40 million […]

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Fed likely to stay the course despite U.S. economy's growing momentum

WASHINGTON (Reuters) – The U.S. economy has had a steady run of good news in recent months, with job gains accelerating as businesses reopen and forecasters projecting that 2021 will see the strongest GDP growth in decades.FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris WattieBut the Federal Reserve has shown no sign […]

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