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Funding Circle Shares Slump

Funding Circle Shares Slump

Shares of Funding Circle (FCH.L), a British peer-to-peer lender, plunged early on Tuesday after the company halved its sales guidance for the full-year as an uncertain economic environment led the group to proactively tighten lending criteria to higher-risk band businesses. The company, with loans platforms in the UK, US, Germany, and the Netherlands, said in a trading update that sales […]

Weekly Jobless Claims Higher Than Expected

Weekly Jobless Claims Higher Than Expected

Initial claims for unemployment benefits in the US rose more than expected last week, though the trend remained low by historical standards with analysts not predicting any major increases in the coming weeks. Seasonally adjusted initial claims came in at 227,000 in the week ended June 22, according to data published by the Department of Labor on Thursday. This was […]

Energy Giants Mixed at Market Open

Energy Giants Mixed at Market Open

Energy giants were mixed at the market open Tuesday. West Texas Intermediate crude oil for August delivery was down $0.01 at $57.89 per barrel at the New York Mercantile Exchange. The global benchmark Brent crude August contract gained $0.24 to $65.10 per barrel and July natural gas futures were 1 cent lower at $2.29 per 1 million BTU. Among energy-related […]

Asian ADRs Trading Lower

Asian ADRs Trading Lower

American depositary receipts of Asian stocks were trading 0.70% lower at 1,454.21 on the BNY Mellon Asia 50 ADR Index on Thursday. In North Asia, the gainers were led by computer-based testing services provider ATA (ATAI) and automaker NIO (NIO), which climbed 14.9% and 7.5% respectively. They were followed by aluminum producer Aluminum Corporation of China (ACH) and educational services […]

European ADRs Move Lower

European ADRs Move Lower

American depositary receipts of European stocks were trading 0.84% lower at 1,028.49 on the BNY Mellon Europe Select ADR Index on Monday. In continental Europe, the gainers were led by internet advertising firm VEON (VEON) and biopharmaceutical company DBV Technologies (DBVT), which rose 2.9% and 2.1% respectively. They were followed by medical equipment company Edap (EDAP) and Deutsche Bank (DB), […]

Equities End Down on Broadcom Guidance Cut

Equities End Down on Broadcom Guidance Cut

Stocks ended down Friday, weighed down by chipmaker Broadcom’s (AVGO) $2 billion sales-guidance cut on weakening demand and the impending US government ban on American companies doing business with China’s Huawei Technologies. “We currently see a broad-based slowdown in the demand environment, which we believe is driven by continued geopolitical uncertainties, as well as the effects of export restrictions on […]

Middle East Stocks Mostly Higher

Middle East Stocks Mostly Higher

Mideast shares mostly rose, with Saudi stocks gaining again on foreign buying. Foreign investors have been net buyers of Saudi stocks every month this year, Reuters noted. In company news, Malath Cooperative Insurance said it renewed a vehicle insurance contract with Arab National Bank for a year. Premiums from the deal are expected to exceed 5% of its total annual […]

Health Care Stocks Keeping Pace With Broader Market Advance

Health Care Stocks Keeping Pace With Broader Market Advance

Top Health Care Stocks JNJ +1.67% PFE +0.73% ABT +2.2% MRK +1.2% AMGN -1.2% Health care stocks were rising, including a 1.4% gain for the NYSE Health Care Index while shares of health care companies in the S&P 500 also were up 1.7% as a group. The Nasdaq Biotechnology index was climbing 1.7%. Among health care stocks moving on news: […]

Big Lots Shares Jump After Guidance Lift, Stronger-Than-Expected Quarterly Earnings Report

Big Lots Shares Jump After Guidance Lift, Stronger-Than-Expected Quarterly Earnings Report

Big Lots (BIG) shares jumped 5.5% on Friday as the retailer lifted its full-year guidance and its first-quarter earnings sailed past expectations. The Columbus, Ohio-based company said it expects fiscal 2019 adjusted income between $3.70 and $3.85 per diluted share, up from its previous outlook of $3.55 to $3.75. It also affirmed its guidance for low single-digit growth in comparable-store […]