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Boeing Slips As Revenue Drops, 737 Program Still Going Slow  By Investing.com

By Dhirendra Tripathi  Investing.com – Boeing (NYSE:BA) shares fell 1.4% in premarket trading Wednesday after the company reported a drop in revenue and a near-stagnant order book.    It said the 737 program is currently producing at a low rate. It said it continues to make effort to put more of its 737 MAX planes back in the sky after regulators lifted their ban early this year.    Two accidents in 2018 and 2019 forced authorities to ground the narrow body 737 MAX, which was at the time Boeing's biggest money maker in a booming market...

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Biden Speech, Fed, Alphabet Blowout, Goldman Lifts Oil – What’s Moving Markets By Investing.com

By Geoffrey Smith  Investing.com --- President Joe Biden will unveil his third big spending package in 100 days since taking office, while the Federal Reserve is expected to say it’s not fazed by roaring commodity prices. Alphabet (NASDAQ:GOOGL) reports blowout earnings as advertisers scramble to get their names in front of a public that is getting ready to spend again. Facebook and Apple will report earnings after the bell, and oil rises after Goldman Sachs analysts say the demand recovery could take it as far as $80 a barrel. Here’s what you need to know in financial markets...

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Sirius XM Earnings, Revenue beat in Q1 By Investing.com

Sirius XM (NASDAQ:SIRI) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Sirius XM announced earnings per share of $0.07 on revenue of $2.06B. Analysts polled by Investing.com anticipated EPS of $0.0619 on revenue of $2B. Sirius XM shares are up 11% from the beginning of the year and are trading at $6.31 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 10.31% from the start of the year. Sirius XM follows other major Services sector earnings this month Sirius XM's report follows an earnings...

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GSK exceeds earnings expectations despite sales falling short By Reuters

(Reuters) -GSK topped analysts' expectations for first-quarter earnings as more people visited clinics for critical treatments such as HIV and routine shots once COVID-19 curbs eased, adding on Wednesday that plans to split into two were "well underway". Turnover for the three months to March fell 15% to 7.42 billion pounds ($10.28 billion) at constant currency rates, while adjusted earnings stood at 22.9 pence per share, GSK, the world's biggest vaccine maker by sales, said. Analysts had expected adjusted earnings of 21.9 pence per share and sales of 7.83 billion pounds, a company-compiled consensus https://www.gsk.com/en-gb/investors/analyst-consensus/analyst-consensus...

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ADP Earnings, Revenue beat in Q3 By Investing.com

ADP (NASDAQ:ADP) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations. ADP announced earnings per share of $1.89 on revenue of $4.10B. Analysts polled by Investing.com anticipated EPS of $1.79 on revenue of $4.08B. ADP shares are up 11% from the beginning of the year and are trading at $195.89 , down-from-52-week-high.They are outperforming the STOXX 600 which is up 10.31% from the start of the year. ADP follows other major Services sector earnings this month ADP's report follows an earnings beat by Visa A on...

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Biden to push trillions in investment, plead for police reform in Congress speech By Reuters

By Nandita Bose, Jarrett Renshaw and Trevor Hunnicutt Washington (Reuters) - U.S. President Joe Biden is expected to unveil a sweeping $1.8 trillion package for families and education in his first joint speech to Congress on Wednesday, as he stresses the need to invest to compete with China, senior White House officials say. Biden is expected to use the national speech to argue that the new package – which when coupled with an earlier infrastructure and jobs plan totals around $4 trillion, rivaling the annual federal budget – is vital to America's future. The U.S. president...

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Britain’s financial regulator proposes easing rule on small company research By Reuters

LONDON (Reuters) - Britain's markets watchdog said on Wednesday that it proposed to copy the European Union by exempting banks and brokers from having to separately itemise research on small companies from trading costs for investment managers. The Financial Conduct Authority said it would exempt research on firms with a market capitalisation of below 200 million pounds from current "unbundling" rules aimed at shining a light on costs, provided it is offered on a "rebundled basis or for free". It follows similar move by the EU in its "quick fix" package of changes to the bloc's...

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London Stock Exchange income rises, Refinitiv savings on track By Reuters

By Huw Jones LONDON (Reuters) - The London Stock Exchange Group (LON:LSEG) reported a 3.9% rise in income in the first quarter and said savings from integrating its $27 billion acquisition of data and analytics company Refinitiv were on target. About 40 million pounds ($55.5 million) of savings in combined operating costs from the Refinitiv takeover had been realised and new products had been launched, the group said. It said it was on track to achieve 25% of the announced 350 million pounds savings target by the end of 2021, in line with previous...

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UK regulator sees no heart inflammation concerns from Pfizer COVID shot By Reuters

LONDON (Reuters) - There are no new safety concerns around the Pfizer (NYSE:PFE) COVID-19 vaccine and heart inflammation based on the rollout of the shot in Britain, the UK MHRA medicine regulator said on Wednesday, after cases of the condition in Israel. "The MHRA is as aware of the reports of myocarditis under investigation in Israel. Based on our experience and safety monitoring in the UK, there is currently no new safety concerns raised regarding myocarditis," a MHRA spokeswoman said. The comment echoed the U.S. Centers for Disease Control and Prevention (CDC) which...

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Spotify results beat estimates as more users tune in By Reuters

STOCKHOLM (Reuters) - Spotify Technology SA beat Wall Street estimates for first-quarter revenue and paid subscribers on Wednesday, as the music streaming company launched in newer markets and recorded user growth in countries such as the United States and India. Premium subscribers, which account for most of the company's revenue, were up 21% to 158 million from a year earlier. Analysts on average were expecting the company to have 157.5 million paid subscribers, according to IBES data from Refinitiv. Spotify, which launched its services in 86 new countries in the quarter, said growth in the United...

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