Investing.com -- U.S. stock futures rose Thursday, as Fed Chair Jerome Powell largely dismissed the chances of additional rate hikes, boosting sentiment ahead of more key corporate earnings.
Here are some of the biggest premarket U.S. stock movers today:
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Moderna (NASDAQ: MRNA) stock rose 1.4% after the drugmaker posted a narrower-than-expected loss for the first quarter as the company’s cost-cutting efforts took hold and sales of its Covid vaccine topped estimates.... (continue reading...)
(Reuters) - Freshworks' shares plunged nearly 30% in premarket trading on Thursday after the CRM software maker cut its full-year revenue forecast and named a new CEO.
The company now expects annual revenue between $695 million and $705 million, compared with its previous forecast of $703.5 million to $711.5 million.
Freshworks said on Wednesday that Dennis Woodside will take over as CEO and founder Girish Mathrubootham will be the... (continue reading...)
(Reuters) -Peloton CEO Barry McCarthy is stepping down, the company said on Thursday as it announced a 15% cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment.
Shares of the beleaguered New York-based company rose 14% before the bell as it also aims to pare its retail presence, potentially forcing Peloton to again push back its goal of returning to positive cash flow.
A former Netflix and... (continue reading...)
By Shristi Achar A and Shashwat Chauhan
(Reuters) -U.S. stock index futures advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed fears around potential rate hikes, with focus moving to a spate of earnings reports through the day.
While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates might... (continue reading...)
A look at the day ahead in U.S. and global markets from Mike Dolan
Anxious bond traders seem to have taken solace from the Federal Reserve's surprisingly sharp brake on its "quantitative tightening" process on Wednesday, while the yen capitalized on an easier dollar after what seemed like the second bout of Japanese intervention this week.
It may be thin gruel after a predictably hawkish Fed meeting that showed little inclination toward... (continue reading...)
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US manufacturing sector regresses in April; prices paid near two-year high
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Roblox players to start seeing video ads in its virtual realms
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Microsoft announces plans to open first regional data center in Thailand
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Treasury Expects To Increase Bill Auction Sizes In Coming Days - Bloomberg
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U.S. private employers add 192,000 jobs in April - ADP
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US job openings slide to three-year low as demand for labor gradually eases
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Mastercard's profit beats as consumer spending defies inflation worries
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Starbucks shares hit two-year low as China, US demand clouds outlook
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Here's how to protect your portfolio from a potentially hawkish Fed today
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Goldman updates ‘US Conviction List - Director’s Cut’: These 2 stocks are added
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AMD, Super Micro spark chip selloff as earnings miss lofty AI expectations
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Crypto stocks slide as Bitcoin price tumbles
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Amgen investors await weight-loss drug data
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Apple set for big sales decline as investors await AI in iPhones
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Musk disbands Tesla EV charging team, leaving customers in the dark
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Binance founder Zhao sentenced to four months in prison
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Instant view: Biden administration plans to reclassify marijuana
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US FCC resumes full oversight of broadband service providers
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Pot stocks jump as U.S. DOJ moves to reclassify cannabis as a less dangerous drug
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Binance Founder Changpeng Zhao Gets Four Months In Prison - Bloomberg
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US newspapers sue OpenAI for copyright infringement over AI training
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JPMorgan broadens roles for sales executives, memo says
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Midday movers: Eli Lilly, 3M, PayPal rise; Coca-Cola, Tesla fall
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Globe Life becomes target of second short seller this month
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Citi CEO says US consumers are more cautious, emphasizes bank overhaul
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Citi says futures positioning suggests investors are not buying the S&P 500 dip
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Paramount Global downgraded by Needham, analysts flag worries over CEO departure
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Mizuho explains why Amazon and AMD are 2 most important reports this week
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Wall St opens lower on labor costs data; Fed decision on tap
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Google to pay up to $6 million to News Corp for new AI content, The Information reports
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American Tower Corp raises annual revenue forecast on healthy telecom spending
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Walmart (WMT) rolls out new grocery brand, plans to shut down all health centers
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Walmart to shut all health clinics in US over lack of profitability
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Southwest Airlines launches compensation program for flight delays
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Exclusive-Impossible Foods CEO says company will raise cash with or without IPO
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WeWork reaches settlement with creditors, rebuffs Neumann bid
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Apple shares rise after Bernstein analyst takes bullish stance
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US Treasury to borrow $243 billion in Q2, higher than January forecast
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Tesla's California registrations down second quarter in a row, dealer data shows
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NYCB delays annual shareholders meeting by two weeks
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FCC fines US wireless carriers over illegal location data sharing
