Tag: cent
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Robinhood profit misses estimates as crypto trading slows
Oct 27 : Robinhood Markets missed Wall Street estimates for third-quarter profit on Tuesday, as slower cryptocurrency trading and higher expenses overshadowed strong activity in options and prediction markets. Shares of the Menlo Park, California-based company fell 7 per cent in after-hours trading.The
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Boeing shares plunge on slower-than-expected 737 production, weaker free cash flow outlook
SEATTLE, Oct 27 : Boeing CEO Kelly Ortberg said on Tuesday that the company will miss its 737 production and jet delivery targets this year, dealing a setback to its recovery and sending shares tumbling nearly 10 per cent, their worst day in more than 18 months.The company also pushed back its free cash flow
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Dollar edges higher as focus turns to central bank meetings
NEW YORK/LONDON Oct 27 : The dollar firmed against major currencies including the euro, yen and sterling on Tuesday amid market positioning ahead of a series of central bank meetings for fresh clues on the economic outlook and the path of interest rates.The Federal Reserve is set to announce its latest policy
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Stocks rise as oil slips with tech earnings, Fed ahead
Oct 27 : World stocks rose while oil prices slipped on Tuesday on hopes for Middle East talks and as investors awaited earnings from US technology giants and central bank meetings that could shape the near-term outlook for interest rates.Oil trading was choppy as attention turned to the prospect of peace talk
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Boeing will not reach 737 production target until early 2027
SEATTLE, Oct 27 : Boeing CEO Kelly Ortberg said on Tuesday that the company will not reach its 737 production rate target of 47 jets a month until next year, a serious setback to the company’s ongoing recovery.The company had planned to reach the target this past summer, but it will take “into early next…
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High inflation to persist globally into next year, Reuters poll shows
BENGALURU, Oct 27 : High inflation will persist in the global economy well into next year, according to hundreds of economists polled by Reuters, who are now increasingly concerned that price pressures will become entrenched beyond rising energy costs caused by the conflict in the Middle East.More than $1 tri
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Stocks rise and oil slips on Middle East diplomacy efforts ahead of Big Tech earnings
Oct 27 : Global stocks rose and oil prices slipped on Tuesday as investors weighed efforts to end the Middle East conflict ahead of US Big Tech earnings, seen as a key test of AI trade, and central bank meetings that could shape the near-term outlook for interest rates.Iran’s supreme leader met with the count
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Dollar firms ahead of central bank meetings, steadier stocks stall safe haven play
LONDON Oct 27 : The dollar nudged higher on the euro, yen and pound on Tuesday, as traders braced for a barrage of major central bank meetings that will shape the interest rate outlook, as well as key corporate earnings that could ripple through all asset classes. The Federal Reserve is set to announce its…
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European shares dip as HSBC results weigh on banks ahead of Big Tech earnings
Oct 27 : European shares slipped on Tuesday, dragged down by banking stocks, after disappointing results from HSBC, while investors also turned cautious ahead of US tech earnings, seen as a key test of the AI trade, and central bank meetings that could shape near-term interest-rate outlook.The STOXX 600 banki
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Big Tech earnings a test of the AI boom amid market turmoil
Oct 27 : Wall Street expects Amazon, Microsoft and Alphabet to report on Wednesday faster growth in their cloud businesses, but a turbulent market selloff and concerns over rising costs of AI financing are tempering optimism.Investors are pressing for evidence that the AI boom can deliver swift returns to jus
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