NewsnReleases

Financial news, corporate announcements, analysts’ reports

Wall Street

  • IBM stock plunges 23% after disappointing Q2 results, worst drop since 1987

    IBM stock plunges 23% after disappointing Q2 results, worst drop since 1987

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    Web Desk

    International Business Machines (IBM) saw its stock tumble 23% on Tuesday, marking its steepest single-day decline since October 19, 1987, when shares fell 23.7%. The selloff came after the tech giant released preliminary second-quarter results that missed Wall Street’s estimates on both earnings and revenue. According to FactSet data, IBM reported adjusted earnings of…

  • What a Zohran Mamdani mayoralty would mean for NY business

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    Ali Mirza

    Zohran Mamdani’s NYC Win Signals Progressive Economic Shift with National Implications Zohran Mamdani is a prominent figure in New York’s progressive left, and his election would represent a seismic shift in the city’s—and potentially the country’s—political and economic landscape. Here’s a detailed breakdown of how the election of Zohran Mamdani as Mayor of New…

  • Wall Street pulls back ahead of long weekend despite S&P 500 record

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    NEW YORK: U.S. stocks retreated Friday as investors locked in profits heading into a long weekend, following a record-setting week for the S&P 500 and strong earnings from Nvidia. The pullback came amid fresh inflation data that signaled persistent pricing pressures. The S&P 500 fell 0.7%, while the Nasdaq Composite dropped 1.2%. The Dow…

  • Wall Street surges as Powell signals potential rate cut

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    Dow Jones soars 918 points to record high as investors cheer Powell’s dovish pivot NEW YORK: The Dow Jones Industrial Average surged to a record high Friday after Federal Reserve Chair Jerome Powell hinted the central bank may begin easing monetary policy as early as next month. The Dow jumped 918 points, or 2%,…

  • Wall Street slips as investors eye retail earnings, Fed symposium

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    Dow Jones slips from record highs as investors await retail earnings and Fed signals NEW YORK: U.S. stocks edged lower Monday as investors turned cautious ahead of key earnings reports from major retailers and the Federal Reserve’s annual symposium in Jackson Hole, Wyoming. The Dow Jones Industrial Average fell 47.13 points, or 0.11%, to…

  • Tech surge powers Wall Street to weekly gains amid tariff turmoil

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    Dow Jones climbs 207 points as investors shake off tariff fears; Apple leads tech rally with best week since 2020 NEW YORK: Stocks climbed Friday, capping a strong week for Wall Street as tech shares led the charge and investors shrugged off fresh tariff threats from President Donald Trump. The Nasdaq Composite rose 0.98%…

  • Wall Street turns lower as tariff concerns resurface; Caterpillar, Eli Lilly lead declines

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    Dow drops 332 points as Caterpillar, Eli Lilly slump; chipmakers rally on Trump’s tariff exemption NEW YORK: U.S. stocks reversed early gains and closed lower on Thursday as renewed concerns over President Donald Trump’s tariff policy weighed on investor sentiment, with industrial and pharmaceutical shares leading the retreat. The Dow Jones Industrial Average fell…

  • Wall Street edges to new record amid mixed earnings and tariff talk

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    Dow Jones rises 179 points to extend winning streak as healthcare stocks lift sentiment amid tech weakness U.S. stocks inched to fresh highs Tuesday, as investors digested mixed corporate earnings and updates on trade policies. While the S&P 500 marked its 11th record close of the year, declines in key tech names weighed on…

  • US stocks gain as earnings optimism outweighs trade worries; Yields dip

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    Dow Jones edges down 19 points amid broader market gains, earnings focus Wall Street stocks advanced Monday, lifting key indexes to record territory, while Treasury yields softened at the start of a busy week for corporate earnings. The gains came despite escalating U.S. tariff negotiations with trading partners ahead of an August 1 deadline.…

  • Wall Street climbs as Nvidia touches $4 trillion and tariff jitters ease

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    Dow Jones rises over 200 points as tariff anxiety eases and tech stocks rally U.S. stocks rallied Wednesday, led by strength in technology shares as Nvidia briefly hit a historic $4 trillion market valuation and investors absorbed fresh tariff news from President Donald Trump. The S&P 500 rose 0.61% to close at 6,263.26, while…

  • Wall Street wraps volatile half-year with record closes and hopes for trade breakthroughs

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    Dow Jones soars 275 points as trade progress and tech gains power market rally U.S. stocks surged to fresh record highs Monday, as renewed optimism over trade negotiations and signs of economic resilience helped investors look beyond one of the most turbulent first halves of the decade. The Dow Jones Industrial Average jumped 275…

  • Markets Rally as Trump Announces Tariff Relief; Dow Soars 2,476 Points

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    Stocks reverse losses after president temporarily eases trade war measures U.S. stocks staged a dramatic rebound Wednesday after President Trump announced a temporary easing of trade tariffs, sparking the biggest single-day rally in months. The Dow Jones Industrial Average rocketed up 2,476 points (6.6%) to 39,683 by mid-afternoon, while the S&P 500 surged 7.8%…