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Effectively we saw profits surging at JPMorgan Chase (JPM.us) and Wells Fargo (WFC.us) on Friday, posting profits of 67%and 57% respectively, in large part due to net interest income. Bank of America (BAC.us) kept up with the momentum yesterday, which saw profits increase by 19%.
Watch today’s US Open for insights on the latest disappointing data from China, upcoming UK inflation release and highly anticipated earnings from Tesla and Netflix and more
The US2000 has a positive momentum and is contributing to the stock market bull run.
The tech-heavy index extended its gains on Monday and comes closer to the 16,000 mark, but is subdued today ahead of Wednesday’s quarterly earnings by Tesla and Netflix
The EV king releases its earnings got the second quarter on July 19, during which deliveries hit new records with the help of price cuts, but these had harmed its profits in the previous quarter
The streaming pioneer releases its latest quarterly results on July 19th and any insights around the progress on password sharing crackdown and the ad-supported tier will be welcome
Watch today’s US Open for insights on the soft US CPI inflation report that brings the US Dollar down, the watershed pause by the central bank of New Zealand and more
Headline CPI came in at 3%, lower than the previous months 4%, and core CPI was also lower at 4.8% (5.3% - previous). The monthly figures for both headline and core CPI were 0.2% each, which is a remarkable 2.43% annualised.
Watch today’s US Open for commentary on UK’s strong wage growth that keeps pressure on the BoE, China’s deflation concerns, key upcoming events and more
A notable aspect of this year's remarkable surge in technology stocks has been the significant influence exerted by the market's most valuable tech companies in terms of market capitalisation. This situation has presented a distinct challenge for the Nasdaq 100 stock index, which monitors the top 100 companies traded on the Nasdaq exchange.
In a letter directed to Meta CEO Mark Zuckerberg, Twitter has accused Meta Platforms of unlawfully utilizing Twitter's proprietary knowledge to construct its new Threads application. Meta has refuted these allegations.
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