The S&P 500 closed lower, but well off session lows Thursday as Meta cut come losses, though rising Treasury yields on #economic data showing slowing growth, but sticky inflation, forced #traders to push out bets on a first rate cut to December. At 16:00 ET (20:00 GMT), the #DowJones Industrial Average fell 375 points, […]

  #Emmanuel_Macron appealed on Thursday for stronger, more integrated #European defences and said the continent must not become a vassal of the #UnitedStates, as he outlined his vision for a more assertive #European Union on the global stage. With just three years left of his second and final term in office, and having lost his

the #usaSupreme Court hears arguments on Thursday on Donald Trump’s claim that he enjoys sweeping immunity from criminal prosecution for actions he took as president, a claim that has delayed by months a case accusing him of trying to overturn his 2020 defeat. Here is a look at why #Trump’s claims have delayed a trial

  #usaissuers and other firms expect the Securities and Exchange Commission to deny their applications to launch #exchange-traded funds (#ETFs) tied to the price of ether after discouraging meetings with the agency in recent weeks, four people said. #VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that

  #Hermes (HESAY (OTC:#HESAY)) reported its first-quarter revenue #results Thursday, reporting solid sales growth. The #French_luxury goods firm posted a quarterly revenue of €3.81 #billion, up 17% at constant #exchange_rates and 13% at current exchange rates. The company noted solid activity in all geographical areas. “The solid sales growth in the first quarter 2024 reflects

#usastock index futures fell Thursday, with heavyweight technology #stocks seeing renewed weakness after disappointing second-quarter guidance from #Facebook-owner Meta Platforms (NASDAQ:#META), ahead of the release of key growth data. At 06:25 ET (10:35 GMT), #DowJones Futures fell 130 points, or 0.3%, S&P 500 Futures fell 27 points, or 0.5%, and #Nasdaq 100 Futures slid 145 points, or 0.8%.  #Meta slumps, drags

#Barclays reported a slightly smaller than expected 12% fall in first_quarter #profit on Thursday, boosting confidence among investors that its turnaround task was on track despite lower income from trading and sluggish mortgage demand. The #British_bank reported pretax profit for the January-March period of 2.3 #billion pounds ($2.84 billion), down from 2.6 billion pounds a

#Deutsche_Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-making propelled revenue at its #investment banking division. The gains mean investment banking was able to reclaim its position as #Deutsche’s biggest breadwinner from its giant retail division that had recently benefited from higher interest rates but

#usastock futures retreat on Thursday, with markets focusing on results from #Facebook-owner Meta Platforms (NASDAQ:#META) and upcoming numbers from other mega-cap technology groups. #IBM unveils mixed first-quarter earnings and announces that it will acquire cloud software firm #HashiCorp (NASDAQ:#HCP) in a $6.4 billion deal. Elsewhere, the U.S. economy is expected to have slowed in the

#British_ multinational miner #AngloAmerican (JO:#AGLJ) said on Thursday it “received an unsolicited, non-binding and highly conditional combination proposal” from global mining giant #BHPGroup (NYSE:#BHP). #London-listed Anglo #American, which owns 85% of De Beers diamond business, had a market capitalisation of $36.71 #billion as of Wednesday’s close, according to LSEG data. In a statement, Anglo American