Setup News Ticker
Searching for 'market stock'. (Return)

Yahoo BusinessOct 27, 2020
SAP Sends Warning for Software Earnings With Forecast
(Bloomberg) -- Dire earnings results at SAP SE wiped out more than 35 billion euros ($41 billion) from the German software company's market value in a matter of minutes, sending a warning to tech investors about the health of the business software industry.In a surprise release late Sunday, SAP, one of Europe's largest tech companies, cut its revenue forecast for the full year and said it expected the fresh wave of Covid-19 lockdowns to hurt demand through the first half of 2021. The results caused shares to fall the most ever in a single day, according to data compiled by Bloomberg since 1989.SAP's collapse caused the wider tech market to drop, with Europe's Stoxx Technology index falling 7.6%, its biggest one-day loss since March. Shares of cloud-applications giant Inc. fell 4.1% at 2:28 p.m. in New York. Oracle Corp. -- SAP's main rival -- dropped 3.9%."SAP is a bellwether stock for European technology and global software," said Citigroup Global Markets analyst Amit Harchandani. "They have an insight into Fortune 500 companies and when SAP tells you they see headwinds, there will be some truth to the fact that some of the customers are challenged and don't have the money to spend."For some investors, SAP's results have called into question the wider assumption that software companies will prosper during the pandemic, due to millions of employees working from home. Many of these companies, which deliver applications or services over the internet, have so far resisted the worst effects of a pandemi

Yahoo BusinessOct 27, 2020
Europe Stocks Open Lower, U.S. Futures Fluctuate: Markets Wrap
(Bloomberg) -- European stocks opened down on Tuesday and U.S. futures fluctuated as investors weighed positive earnings reports against concerns that surging coronavirus cases will hurt the global economy.Declines in European energy and auto share offset gains in banks after powerhouse HSBC Holdings Plc reported credit losses would be at the lower end of its previously announced range. Spanish lender Banco Santander SA's earnings beat estimates and may have boosted its case to resume dividends. Swiss drugs giant Novartis AG erased an early share gain after lifting its earnings forecast.S&P 500 futures signaled the index may hold much of Monday's decline, which was the largest in a month. Crude oil nudged higher, while Treasuries and German bunds were steady."Even as equities sold off yesterday, bond yields did not fall by much," ING Groep NV strategists including Padhraic Garvey wrote in a note. "The bond market is still sniffing a slightly better medium-term outlook, especially in the U.S."Investors will look for market catalysts later on Tuesday from U.S. pharmaceutical company earnings and data on durable-goods orders and consumer confidence. In the meantime, surging coronavirus infections are adding to an already cautious mood with the U.S. election a week away and time running out to finish an aid package before then.Europe took a step closer to the strict rules imposed during the initial wave of the pandemic, with leaders struggling to regain control of the spread while confronting growing opposit

MarketWatch Breaking NewsOct 27, 2020
European stocks struggle as investors juggle earnings with COVID-19 resurgence
European stocks struggle as investors juggle earnings with COVID-19 resurgence

Europe Markets: European stocks sluggish as investors balance earnings beats with COVID-19 wave (MarketWatch)

Yahoo BusinessOct 27, 2020
Jack Ma's Ant Plans Early Book Close for Hong Kong IPO
(Bloomberg) -- Jack Ma's Ant Group Co. is planning to stop taking investor orders for the Hong Kong leg of its initial public offering a day earlier than scheduled as the record stock sale has already been heavily subscribed, according to people familiar with the matter.Demand has been so great the Hangzhou-based firm is set to close the institutional investor order book on Wednesday, said the people, requesting not to be identified because the matter is private. The company was initially planning to close the Hong Kong book at 5 p.m. Thursday for each region globally, according to terms of the deal obtained by Bloomberg News. The potential move would bring the closing in line with the Shanghai leg.A representative for Ant declined to comment.Ant is seeking to raise about $34.5 billion through IPOs in Shanghai and Hong Kong, a blockbuster listing that will be the biggest IPO ever and make it one of the most valuable finance firms on the planet. The operator of the Alipay platform will have a market value of about $315 billion based on filings Monday, bigger than JPMorgan Chase & Co. and more than the gross domestic product of Finland. The sale vaults Ma's fortune to $71.6 billion, topping the Walmart Inc. heirs.This is "a homecoming for capital markets in Shanghai and Hong Kong," said John Ho, founder of Janchor Partners. Ho, who invested $400 million in Ant two years ago, said he's trying to get more Hong Kong shares, adding that being able to invest in Ant "is priceless."The IPO is attracting interest from some of the

MarketWatch MarketPulseOct 27, 2020
AMD to acquire Xilinx in all-stock deal valued at $35 billion
Advanced Micro Devices Inc. said Tuesday it has reached an agreement to acquire Xilinx Inc. in an all-stock deal valued at $35 billion. Xilinx shareholders Will receive 1.7234 share of AMD for each share owned, equal to $143 in cash. AMD shareholders will own about 74% of the net entity, while Xilinx shareholders own the remaining 26%. The deal is expected to close before end 2021. "The combination will create the industry's leading high performance computing company, significantly expanding the breadth of AMD's product portfolio and customer set across diverse growth markets where Xilinx is an established leader," the companies said in a statement. "The transaction is expected to be immediately accretive to AMD margins, EPS and free cash flow generation and deliver industry-leading growth." Xilinx shares jumped 11% premarket on the news, while AMD fell 3.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

MarketWatch MarketPulseOct 27, 2020
3M's stock ticks up after profit beats expectations, sales rise just above forecasts
Shares of 3M Co. edged up less than 0.1% in premarket trading Tuesday, after the consumer, health care and industrial products company reported third-quarter profit that beat expectations, while sales rose just above forecasts, helped by a surge in health care sales. Net income fell to $1.41 billion, or $2.43 a share, from $1.58 billion, or $2.72 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $2.43, above the FactSet consensus of $2.26. Sales rose 4.5% to $8.35 billion, above the FactSet consensus of $8.31 billion. Health care sales rose 25.5% to $2.2 billion, beating the FactSet consensus of $2.06 billion; safety and industrial sales grew 6.9% to $3.0 billion to top expectations of $2.95 billion; and consumer sales grew 5.6% to $1.4 billion, in line with expectations of $1.37 billion; while transportation and electronics sales fell 7.4% to $2.3 billion to fall shy of expectations of $2.35 billion. The company didn't provide full financial guidance given uncertainties related to the COVID-19 pandemic, but said October sales are expected to be in the flat to up low-single digits percentage range from a year ago. The stock has lost 5.8% year to date through Monday, while the Dow Jones Industrial Average has slipped 3.0%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Google Business NewsOct 26, 2020
Dow Jones Futures: Stock Market Rally Struggles As Coronavirus Cases Soar; Dexcom, Twilio Are Key Movers Late - Investor's Business Daily
Dow Jones Futures: Stock Market Rally Struggles As Coronavirus Cases Soar; Dexcom, Twilio Are Key Movers Late  Investor's Business DailyDow drops 650 points as S&P 500, Nasdaq post worst day since September  Fox BusinessAsian shares slip after Wall St's worst day in a month  KTAR.comDow Slumps as Record Surge in Infection Triggers Bloodbath  Investing.comWall Street tumbles as virus cases soar  Reuters

MarketWatchOct 26, 2020
Market Snapshot: Dow ends 650 points lower as rising COVID-19 cases, stalled stimulus efforts highlight recovery jitters
Stocks stumble Monday as the number of daily U.S. COVID-19 infections hit a record at the end of last week and a final agreement on a new round of aid to the economy remains elusive.

CNBC FinanceOct 26, 2020
Stock futures rise slightly after market sell-off amid uptick in Covid cases
On Monday, equities plunged in their worst session since September amid a surge in Covid-19 cases across the country.

MarketWatch Breaking NewsOct 26, 2020
Software stocks down in premarket after SAP warns on sales and profit
Software stocks down in premarket after SAP warns on sales and profit

MarketWatch MarketPulseOct 26, 2020
HCA Healthcare stock drops after profit comes up shy of expectations, but revenue beats forecasts
Shares of HCA Healthcare Inc. sank 3.6% in premarket trading Monday, after the hospital operator reported a third-quarter profit that came up short of expectations, while revenue rose above forecasts despite a drop in same-facility admissions. Net income rose to $668 million, or $1.95 a share, from $612 million, or $1.76 a share, in the year-ago period. the company said the results include a reversal of $822 million, or $1.72 a share, in government stimulus income recorded in the sequential second quarter. The FactSet consensus for earnings per share was $2.32, and the consensus for net EPS was $2.61. Revenue increased 4.9% to $13.31 billion, above the FactSet consensus of $12.90 billion. Same-facility admissions declined 3.8% and equivalent admissions fell 9.0%, as same-facility emergency room visits dropped 20.3% and same-facility inpatient surgeries declined 6.8%. Meanwhile, same-facility revenue per equivalent admission increased 14.8%, due to increases in acuity of patients treated and favorable payer mix. The stock has lost 7.6% year to date through Friday, while the SPDR Health Care Select Sector ETF has gained 5.9% and the S&P 500 has advanced 7.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Yahoo BusinessOct 26, 2020
Stock market news live updates: Stock futures tick higher after Dow's worst drop in nearly two months
Stock futures opened flat to slightly higher Monday evening after a selloff on Wall Street pushed the Dow and S&P 500 to their biggest one-day drops in more than a month.

Jack Ma Wealth Surges Above Walmart Heirs' With Record Ant IPO (Yahoo Business)
EarningsCall Transcript Q3 Inc beat
Covid-19cases stocks surge Deaths lower
Stockssurge COVID-19 European Cases Lower
CoronavirusCases Dow latest pandemic Daily
CasesCoronavirus Dow points Covid-19 Market
StockMarket Cases Today Futures surge
AntIPO Group raise record billion
IPOAnt Group record raise billion
Dowpoints Cases down Coronavirus Market
CallEarnings Transcript Q3 Inc Bank

Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money Real Estate News Analysis Indicators
Enterprise Application News
Forbes Headlines
Forbes Social Media News - China, Economy & Trade - Financial Markets - Hedge Funds - Telecoms - US
Google Business News
Google Market News
HBS Working Knowledge
INSEAD Knowledge
International Tax Review
L.S. Starrett News
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money Updates: News Digest
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC