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Coca-Cola earnings exceeded Wall Street expectations, while revenue increased by 16%

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Coca-Cola

Consumers drank more Coca-Cola, Powerade, and Costa coffee, according to the company’s quarterly earnings report, which surpassed analysts’ forecasts. Despite the successful quarter, CEO James Quincey told CNBC’s Sara Eisen that there are “storm clouds” on the horizon. During the first quarter, the company largely survived inflationary headwinds and maintained its projection. In premarket trading, … Read more

Wall Street slashed PayPal’s stock in half, yet ‘uncertainty’ remains as earnings season approaches

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Wall Street

PayPal Holdings Inc. is still facing ‘uncertainty’ from Wall Street after losing more than half of its value so far this year. In the early days of the COVID-19 crisis, PayPal was a financial darling, as the payment-technology business profited from rapid growth in online commerce as well as consumer stimulus programmes that allowed money … Read more

Global markets plunge on hawkish Fed

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hawkish Fed

Global stock markets dropped sharply Friday after the Federal Reserve warned of an aggressive tightening of financial policy to tame runaway inflation. Frankfurt lost 2.5 percent at the close, and Paris ended off 2 percent as investors shrugged off a survey showing the EU bloc’s monetary interest expanded in April while London lost 1.4 percent on … Read more

Netflix shares dive more than 35% on lost subscribers

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Netflix shares plunged more than 35 percent early Wednesday following disappointing consequences, whilst the Dow pushed higher in a mixed open for US stocks. The streaming giant caught Wall Street off protecting for the second quarter in a row, reporting a drop in subscribers for the first time in a decade. The enterprise blamed the … Read more

Stock markets rise but Netflix sinks

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Netflix sinks

European and US stocks rose Wednesday as buyers tracked trends within the Ukraine struggle and company profits, with Netflix shares sinking after the streaming massive mentioned a drop in subscribers. Oil rebounded barely, having slumped the day prior to these on-demand concerns. “The upbeat marketplace temper which helped Wall Street close firmly higher the day prior to … Read more

Oil prices dive after IMF cuts global growth forecast

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Oil

Oil prices jumped by greater than 5 percent Tuesday as traders were involved in a drop in call after the International Monetary Fund reduced its international growth forecast. Around 1530 GMT the price of Brent crude, the primary global oil settlement, was down 5.4 percent to $107.Eleven in step with the barrel, even as the … Read more

European stocks fall as impact of Ukraine war spreads

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European

European stock markets the majority of time fell Tuesday, as the impact of the Ukraine war spread with the IMF slashing its world’s growth forecasts. Wall Street became up, with the three primary indices reporting rises of round zero. Eight percentage after starting, a marked alternate from Monday when markets have been decreasing over issues … Read more

US stocks mixed at start of heavy earnings week

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stocks

Wall Street stocks have been mixed early Monday as a heavy week of company profits got underway and buyers digested careful statement from Chinese officials following higher-than-predicted facts. Worries about better interest fees and Russia’s grinding invasion of Ukraine persisted to cloud the outlook as Bank of America stated strong earnings despite decrease funding banking expenses. Other … Read more

US stocks decrease as bond yields gone up

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US stocks

Wall Street shares concluded a vacation-shortened week Thursday on a weak note, with tech shares diving amid issues over better interest quotes. The yield on the 10-12 months US Treasury note surged above 2.8 percent, resuming an upward climb after Wednesday’s pullback helped boost shares. Treasury yields are visible as a proxy for interest charges. “Right now, we’re … Read more

Asian markets drop after Wall Street retreat

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Wall Street

Asian markets dropped Friday after a pessimistic  lead by Wall Street, with investors from the globe show worries about surging inflation. Central banks in some major economies counting  United States, Canada and Britain have already started increasing interest rates to manage  prices, but the European Central Bank on Thursday with no moves , plans and … Read more

Wall Street opens mixed on last session of short week

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Wall Street

The Dow climbed yet S&P 500 and Nasdaq fell in early US trading Thursday, as financial backers processed new economic information, hawkish Federal Reserve discourse, and the most recent Elon Musk dramatization. The Tesla boss made an unexpected proposal to purchase Twitter outright, days subsequent to taking an enormous stake in the web-based entertainment organization … Read more

Michael Douglas will star in a series about Benjamin Franklin

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In a new limited series, Hollywood icon Michael Douglas will play US Founding Father Benjamin Franklin. The untitled series is based on Pulitzer Prize winner Stacy Schiff’s book “A Great Improvisation: Franklin, France, and the Birth of America.” Kirk Ellis, the creator of the ‘John Adams’ series, will write and executive produce the show for … Read more

Dow drops as Wall Street ends tumultuous week on sour note

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wall street

NEW YORK – Major US stock indices fell on Friday to end a tumultuous week of trading on a downbeat note, as markets searched for optimism amid a slew of concerning news. Chief among traders’ concerns was the Omicron variant of Covid-19 and general fears of renewed business disruptions from the pandemic as cases surge in the … Read more

Trump media group plans subscription video service

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Trump media group

SAN FRANCISCO, Dec 15, 2021 (AFP) – Trump media group on Tuesday announced it is negotiating with Canadian online video platform Rumble to provide a stage for a subscription on-demand video service. The organization headed by former US president Donald Trump said that it has already inked a deal to have the specialty firm, which is … Read more

Morgan Stanley, biggest bank in the US introduces a crypto research team

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Morgan Stanley

The biggest bank in the US, Morgan Stanley, has set up a new cryptocurrency-focused research sector. Sheena Shah as a crypto analyst has been selected by the Wall Street megabank for its devoted research team. Shah worked as Morgan Stanley’s lead currency strategist covering G10 currencies for more than eight years and donated to the … Read more

Asian Stocks high as Trump resumes office after three days

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Asian Stocks

Stocks in Asian Markets advanced on Tuesday after the United States President Donald Trump was discharged from hospital and returned to White House. According to the details, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.71%, while the Hong Kong index climbed to 0.88%. Meanwhile, Japan’s Nikkei also added 0.41%. S&P 500 futures rose 0.08% after … Read more

Asian Shares shake in Friday trading after US Tech stocks tumbled on Wall Street

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Asian Shares

Asian shares struggle to shake off bearish mood after United States technology stocks giant fell anew on Friday on Wall Street. According to the details, Japan’s benchmark Nikkei 225 recouped early losses to rise 0.3% in morning trading to 23,310.94. South Korea’s Kospi dropped 0.8% to 2,377.92, while Australia’s S&P/ASX 200 lost 0.8% to 5,860.50. … Read more

Asian Stocks gain strength after Wall Street rebound in Thursday trade

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Asian Stocks

Asian stock market rebounded on the fourth day of the business week after tech stocks gained strength struggling for three days. According to the details, Wall Street’s S&P 500 index ended Wednesday up 2% for its best day in three months. The Shanghai Composite Index rose 0.3% to 3,264.19 and the Nikkei 225 in Tokyo added … Read more

Stock market of Asia tumbles in Wednesday Trade after blow in US Benchmarks

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Asia Stock market

The stock market of Asia witnessed a decline in Wednesday trading after the selling of technology shares in Wall Street that pulled U.S. benchmarks lower. According to the details, Australia’s benchmark led regional declines, losing more than 2%. Japan’s Nikkei 225 fell by 1.6%. Hang Seng HSI, -0.97% in Hong Kong dropped 1%. Australia’s S&P/ASX … Read more

Asian Stock Market falls on Friday as Wall Street has it worst day since June

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Asian stock market

Asian Stock Market fell on Friday as Wall Street has it the worst day since June in Friday trade also investors’ buoyancy faltered after a spate of record highs. Shares in Asian Stock Market fell across the region Friday, with Tokyo’s Nikkei 225 shedding 1.1%. There was little going on regionally to alter the market’s … Read more

Asia Markets move up as Wall Street witnessed strong day

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Markets in Asia

Markets in Asia Pacific moving up after Wall Street’s best day in two weeks. CNN reported that Japan’s Nikkei advanced 2.3% in Tuesday trade. South Korea’s Kospi (KOSPI) increased 1%, and Hong Kong’s Hang Seng (HSI) moved up 0.8%. However Australia’s S&P/ASX 200 improved 0.2%. China’s Shanghai Composite (SHCOMP) increased 1.4%, reopening after Monday’s holiday. … Read more

Asian Shares witnesses sharp rise after historic fall in market

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Asian Shares

Asian Shares on Tuesday saw a sharp rise after historic fall, offering hope that markets had found a floor, even just fleetingly. Reuters reported that Asian Shares bounced back after drastic fall on Monday. Yields on benchmark U.S. 10-year Treasury debt doubled to 0.68 per cent and oil prices rallied more than 6 per cent. … Read more

Wall Street falls as China virus outbreak reaches US

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wall street

Wall Street fell and backed away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic growth forecast. Reuters reported that three major U.S. stock averages including Wall Street  fell following several days of record closing highs and their best … Read more

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