Megacap Meta revived Big Tech jitters on Wall St overnight as its pumped-up stock balked at an ostensibly decent earnings update late Wednesday - but the mining sector was abuzz about BHP's a possible $39 billion mega bid for Anglo American. Either way, the Meta retreat has dragged Wall St stock futures back down about 0.5-1.0% ahead of Thursday's bell and ups the ante as the 'Magnificent 7' reports keep rolling in. With almost a third of the S&P500 reported already, nearly 80% have beaten estimates and reported earnings growth has picked up close to 7% - back to where consensus forecasts for the first quarter at the start of the year.
JERUSALEM (AP) — A ship traveling in the Gulf of Aden came under attack Thursday, officials said, the latest assault likely carried out by Yemen's Houthi rebels over Israel's ongoing war on Hamas in the Gaza Strip. The attack comes after the U.S. military said early Thursday an allied warship shot down a Houthi missile targeting a vessel the day before near the same area. The Houthis claimed that Wednesday assault, which comes after a period of relatively few rebel attacks on shipping in the reg
TikTok has vowed to challenge in court a new law that could result in a ban of the video app in the US, but it could find that it is on less-than-solid legal ground.
China's manufacturing activity expanded for the first time in six months in March while U.S. manufacturing grew for the first time in about 18 months, benefiting Dow whose products are used in a range of industries. The Midland, Michigan-based company reported operating earnings per share of 56 cents for the quarter ended March 31, compared with the average analyst estimate of 45 cents, according to LSEG data.
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