LONDON (Reuters) - Britain recorded 2,685 new cases of COVID-19 and 17 deaths within 28 days of a positive test on Tuesday, according to official government data. That compares to 2,064 new cases and six deaths reported a day earlier. ...
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Key Points FTSE 100 closing price of 6,943.38, -0.28% HSBC shares jump after earnings Tesla falls despite record quarter, Bitcoin sales Copper approaches record high By Samuel Indyk Investing.com – The FTSE 100 fell on Tuesday despite relatively strong earnings from heavyweights BP and HSBC, amid a mild global risk-off tone ahead of key risk events. Tomorrow sees the Federal Reserve announce its latest decision on interest rates while after-market today earnings from tech titans Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) will be in focus. HSBC (LON:HSBA) shares were at the top of...
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BELFAST (Reuters) - A majority of Democratic Unionist Party (DUP) lawmakers have signed a letter seeking a confidence vote in party leader and Northern Ireland First Minister Arlene Foster, local media reported on Tuesday. A clear majority of DUP representatives at the regional Belfast assembly and at least half of its members of parliament in London put their names to what is effectively a letter of no confidence, the News Letter, a traditionally unionist leaning newspaper, reported citing multiple party sources. UTV reporter Vicki Hawthorne said on Twitter that around 80% of DUP members of both...
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By Christiana Sciaudone Investing.com -- Splunk (NASDAQ:SPLK) sputtered after Morgan Stanley (NYSE:MS) said there's much work to be done. Analyst Keith Weiss downgraded shares to equal weight from overweight, and slashed the price target to $160 from $213, according to StreetInsider. Shares dropped about 5%. "Challenges closing large deals, competitive noise, and a heightened level of executive departures increase the execution risk at SPLK near term," Weiss wrote in a note. Shares of Splunk have dropped more than 40% since mid-2020, when they hit a record as the need for tech security...
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By Christiana Sciaudone Investing.com -- DoorDash Inc (NYSE:DASH) rose 6% after announcing new pricing and getting a buy rating as Needham initiated coverage. Uber (NYSE:UBER) also got a buy, but was little changed. U.S. local restaurants will have a choice of three different delivery commission price points, starting with a 15% option. DoorDash is also lowering pickup commission costs to 6% and making storefront, a commission-free online ordering product, free. "There is a massive, increasingly digital opportunity for small restaurants, and we believe that when we work together, we can help them capture more of that...
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Investing.com – U.K. equities were lower at the close on Tuesday, as losses in the Mining, Aerospace & Defense and General Industrial sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 lost 0.30%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Tui AG (LON:TUIT), which rose 4.41% or 18.30 points to trade at 433.30 at the close. HSBC Holdings PLC (LON:HSBA) added 4.17% or 17.65 points to end at 440.40 and Experian PLC (LON:EXPN) was up 1.90% or 52.0 points to 2796.0 in late...
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By Jan Strupczewski BRUSSELS (Reuters) - The European Union's 750 billion euro plan to rebuild the economy greener and more digital after the pandemic is an opportunity of the century for the bloc, the head of the European Commission Ursula von der Leyen said on Tuesday. In a video message issued shortly before France and Germany are to jointly present their national plans on how to spend their share of the EU fund, von der Leyen said the EU executive would make sure the multi-year schemes lived up to expectations. "We want to build a Green...
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By Richa Naidu CHICAGO (Reuters) - Global shoppers are expected to spend 20% more online in 2021 than they did last year, according to an Adobe (NASDAQ:ADBE) report released on Tuesday, likely adding pressure to supply chains as they struggle to keep up with a surge in demand. Major retailers and vendors - from Home Depot (NYSE:HD) to Peloton (NASDAQ:PTON) - are under pressure from high transportation and storage costs for expensive-to-ship items like appliances, furniture and exercise equipment that are in high demand. Stores like Walmart (NYSE:WMT), Target (NYSE:TGT) and Amazon.com...
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By Stephen Nellis (Reuters) - Arm Ltd, the British chip technology firm being acquired by Nvidia Corp in a $40 billion deal, on Tuesday gave new details about its next generation of data center technology and said Oracle Corp (NYSE:ORCL) and Alibaba (NYSE:BABA) Group Holding will use the chips. Arm creates underlying intellectual property that other firms such as Qualcomm (NASDAQ:QCOM) Inc or Apple Inc (NASDAQ:AAPL) then license to create their own processor chips. Arm's technology powers most mobile phones, but it is making a push into data center processors, where...
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By Geoffrey Smith Investing.com -- U.S. stock markets opened mixed in narrow ranges on Tuesday, as the market digested a host of corporate reports that pointed broadly to an ongoing economic recovery - albeit one that has been generally priced in already. The market was kept subdued by the onset of the Federal Reserve's latest monetary policy meeting, where no change in interest rates or bond purchases is expected, but which will nonetheless have more concrete signs of recovery to digest than the last meeting did. Whether such data points will be enough to formally move...
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