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01.05.25 - 16:00
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Wall Street opens higher: Nasdaq soars 350 points, boosted by Meta and Microsoft earnings (Times of India)
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US markets opened positively, fueled by strong quarterly results from tech giants like Microsoft and Meta, alongside solid earnings from CVS Health. Meta's shares surged due to robust advertising sales driven by AI. However, McDonald's reported a decline in US same-store sales, citing economic uncertainty, while General Motors lowered its profit forecast due to tariff impacts, creating market unease....
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29.04.25 - 15:15
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Futures Flat As Markets Brace For Earnings Tsunami (ZeroHedge)
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Futures Flat As Markets Brace For Earnings Tsunami
US equity futures were unchanged, erasing a modest gain and loss earlier, after General Motors pulled earnings guidance for 2025 and put share buybacks on hold until it has more clarity on the impact of US tariffs. As of 8:15am, S&P futures were flat, while Nasdaq futures were down 0.2% as TSLA rose +1.0% pre-mkt, followed by MSFT +0.5% and AMZN +0.5%. GM dropped in premarket trading, reversing an earlier gain, as it said it would suspend $4 billion of share repurchases. Bond yields and USD are higher (2-, 5-, 10-yr yields are 1.6bp, 2.9bp, 2.7bp higher). Commodities are mixed with WTI futures dropping 1.7%, adding to sharp losses seen Monday, Base Metals higher, and Precious Metals mixed. WSJ repeated a report from last week that Trump may ease his auto tariffs today; Elsewhere, Scott Bessent set July 4 as the goal to pass Trump's tax cut package; he will announce the debt-ceiling X-date this week or next. Today, the key macro focus will b...
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29.04.25 - 13:36
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General Motors Q1 Results Beat Street Estimates (AFX)
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WASHINGTON (dpa-AFX) - General Motors Company (GM) Tuesday reported net income attributable to common stockholders of $3.361 billion or $3.35 per share, higher than $2.970 billion or $2.56 per sha......
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