10 things you need to know before the opening bell

Here is what you need to know. Here comes the Fed. The Federal Reserve is expected to hold its benchmark interest in a range between 2.25% and 2.50%, with Wall Street economists surveyed by Bloomberg seeing just a 2.6% chance of a rate cut. Apple beats the street. The tech giant beat on both the top and bottom lines, but […]

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CVS jumps after earnings beat

CVS on Wednesday reported strong first-quarter earnings and revenue and raised its guidance for the rest of the year, sending shares up 4% ahead of the opening bell. The integrated pharmacy health care provider earned an adjusted $1.62 a share on revenue of $61.6 billion, easily beating the $1.51 and $60.24 billion that analysts surveyed by Bloomberg were expecting. Same-store […]

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U.S. Stock Futures Rise on Apple; Jobs Weaken Kiwi: Markets Wrap

In this article Sign up for Next China, a weekly email on where the nation stands now and where it’s going next. U.S. equity futures advanced after Apple Inc.’s upbeat forecast, with traders expecting lower than average volumes for global stocks on Wednesday due to holiday closures in much of Asia and Europe. The New Zealand dollar sank after hiring […]

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Bank of Buffett Drops $10 Billion Bomb Into Anadarko Battle

In this article Warren Buffett’s intervention in Occidental Petroleum Corp.’s $37 billion unsolicited bid for Anadarko Petroleum Corp. may tip the scales in the oil industry’s biggest bidding war in decades. In a stunning escalation of the two-week-old contest for Anadarko, Buffett’s Berkshire Hathaway Inc. on Tuesday disclosed plans to inject $10 billion into Occidental in exchange for preferred stock […]

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The global elite are focused on an overlooked signal they say will determine the future of the global economy

The stagnation of productivity growth since the Great Recession was a recurring topic of discussion at the Milken Institute Global Conference. During panel discussions, top economists and investors explained why productivity growth will be vital to the global economy’s growth going forward. Visit Business Insider’s homepage for more stories. One of the biggest unsolved puzzles of the post-recession era has […]

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U.S. Consumer Confidence Rose in April on Brighter Economic View

In this article U.S. consumer confidence rebounded in April as Americans felt more optimistic about present and future economic conditions, underscoring how a tight labor market and higher wages are underpinning attitudes amid some uncertainty. The Conference Board’s index climbed to 129.2, according to data from the New York-based group Tuesday that topped economist estimates in a Bloomberg survey. The […]

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Sensex, Nifty end lower; Yes Bank plunges 30%

BSE Sensex closed with 35.78 points loss at 39,031.55; NSE Nifty ended 6.50 points lower at 11,748.15 Benchmark indices Sensex and Nifty on Tuesday ended marginally lower after a volatile session, dragged by private sector lender Yes bank which posted a loss of ₹1,506 crore in the March quarter on higher bad loans provisioning. The BSE Sensex closed with 0.09% […]

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Banks drag European shares lower as growth worries linger; AMS zooms

(Reuters) – European shares fell on Tuesday weighed down by banks as investors parsed through a mixed bag of earnings, while sentiment remained fragile over growth worries after weak factory data from China clouded modest economic growth numbers from the Eurozone. The pan-European STOXX 600 index edged lower by 0910 GMT as most major indices remained in negative territory with […]

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Dollar awaits China data to gauge global growth pulse

SYDNEY (Reuters) – The dollar was all but flatlining in Asia on Tuesday as investors awaited readings on Chinese manufacturing and the European economy to gauge the pulse of the global economy. China’s official purchasing management index (PMI) is forecast to hold at 50.5 in April after bouncing in March in what analysts hoped was evidence that policy stimulus was […]

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