Tag Archives: Rise

Yandex’s Q2 profits fall as costs rise versus 2022 ‘anomaly’

Yandex’s Q2 profits fall as costs rise versus 2022 ‘anomaly’

By Alexander Marrow and Gleb Stolyarov (Reuters) -Russian tech giant Yandex reported a 27% fall in second-quarter profits on Thursday as costs rose from a year earlier when the company tightened spending in the immediate aftermath of Russia’s invasion of Ukraine. Often dubbed “Russia’s Google”, Yandex has struggled to balance domestic pressures with the interests of its Western investors since Russia sent troops into Ukraine in February 2022. Yandex’s adjusted net income dropped to 9.6 billion… Source link

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Stock futures rise ahead of more earnings, data

Stock futures rise ahead of more earnings, data

U.S. stocks moved lower at the open Friday as investors weigh in on fresh data that shows consumer spending rose at a slower pace in December, a closely watched measure by the Federal Reserve. The S&P 500 (^GSPC) edged down 0.2%, the Dow Jones Industrial Average (^DJI) was flat. The technology-heavy Nasdaq Composite (^IXIC) declined by roughly 0.2%. The yield on the benchmark 10-year U.S. Treasury note ticked up to 3.52% from 3.497% on Thursday. The dollar index added 0.28% to $102.12. WTI… Source link

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Stocks rise with focus on CPI later this week

Stocks rise with focus on CPI later this week

U.S. stocks ascended Wednesday as Wall Street counted down to a crucial inflation reading and big bank earnings later this week. The S&P 500 (^GSPC) rose 0.9%, while the Dow Jones Industrial Average (^DJI) added nearly 200 points, or 0.6%. The technology-heavy Nasdaq Composite (^IXIC) advanced 1.2%. U.S. Treasury yields pared their move higher from the previous session, with the benchmark 10-year note falling below 3.6%. The U.S. dollar index also retreated. Wells Fargo (WFC) was among… Source link

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