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Caterpillar cuts profit outlook as China construction sales slump

2 hours ago NAMEX Comments Off on Caterpillar cuts profit outlook as China construction sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair Read More

UPDATE 4-Sales of Eli Lilly diabetes drug Trulicity fall short, shares drop

4 hours ago NAMEX Comments Off on UPDATE 4-Sales of Eli Lilly diabetes drug Trulicity fall short, shares drop
(Reuters) – Eli Lilly and Co’s (LLY.N) quarterly sales missed Wall Street estimates on Wednesday as the drugmaker offered more discounts or rebates for its top-selling diabetes drug Trulicity, sending shares down 3%. FILE PHOTO: The logo and ticker for Eli Lilly and Co. are displayed on a screen on the floor of the New Read More

Varney: Progressives ‘Soviet-style show trial’ part of socialist takeover of U.S. economy

5 hours ago NAMEX Comments Off on Varney: Progressives ‘Soviet-style show trial’ part of socialist takeover of U.S. economy
The trial involving New York’s attorney general’slawsuit against Exxon, one of the world’s largest oil and gas corporations, kicked off on Tuesday, and Fox Business Network anchor Stuart Varney said that it amounts to little more than a thinly-veiled “Soviet-style show trial” meant to advance a socialist takeover of the U.S. economy. VARNEY: TRUMP SPEECH IN Read More

Wall Street eyes subdued open as Caterpillar, Texas Instruments disappoint

6 hours ago NAMEX Comments Off on Wall Street eyes subdued open as Caterpillar, Texas Instruments disappoint
(Reuters) – Wall Street headed for a flat open on Wednesday, after earnings from industrial bellwether Caterpillar and chip major Texas Instruments kept investors on edge over the fallout from the U.S.-China trade war. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan Read More

GLOBAL MARKETS-Shares hit by tech problems and Brexit snags

10 hours ago NAMEX Comments Off on GLOBAL MARKETS-Shares hit by tech problems and Brexit snags
LONDON (Reuters) – World stock markets fell on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down tech shares. FILE PHOTO: A trader works as a screen shows market data behind him at CMC markets in London, Britain, December 11, 2018. Read More

Morning News Call – India, October 23

16 hours ago NAMEX Comments Off on Morning News Call – India, October 23
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH No major events are scheduled for the day. LIVECHAT - EQUITIES FOCUS Reuters stocks correspondents in London and New York sift through a heavy corporate earnings Read More

Snap disappoints with fourth-quarter revenue guidance, sending shares down

20 hours ago NAMEX Comments Off on Snap disappoints with fourth-quarter revenue guidance, sending shares down
(Reuters) – Snap Inc (SNAP.N) on Tuesday forecast fourth-quarter revenue largely below Wall Street estimates, sending its shares down 5% in after-market trading. FILE PHOTO: A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, Read More

Wall Street slips after rejection of Brexit timetable

21 hours ago NAMEX Comments Off on Wall Street slips after rejection of Brexit timetable
NEW YORK (Reuters) – U.S. stocks ended lower on Tuesday, giving up early gains after British lawmakers rejected the government’s proposed timetable for passing legislation to ratify its deal to exit the European Union. A trader works on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. REUTERS/Brendan Read More

US STOCKS-Mixed earnings, failed Brexit vote push down S&P 500

24 hours ago NAMEX Comments Off on US STOCKS-Mixed earnings, failed Brexit vote push down S&P 500
NEW YORK (Reuters) – The benchmark S&P 500 index gave up modest gains on Tuesday from earlier in the session after British lawmakers rejected the government’s proposed timetable for passing legislation to ratify its deal to exit the European Union. A trader works on the floor at the New York Stock Exchange (NYSE) in New Read More

S&P 500, Dow gain on upbeat earnings reports; Facebook pressures Nasdaq

1 day ago NAMEX Comments Off on S&P 500, Dow gain on upbeat earnings reports; Facebook pressures Nasdaq
(Reuters) – The S&P 500 and Dow Jones indexes rose on Tuesday, as upbeat earnings reports eased concerns over the fallout from the fragile U.S.-China trade relationship, but Facebook pressured Nasdaq after the company was hit with an expanded New York-led probe. A trader works on the floor at the New York Stock Exchange (NYSE) Read More