Investing.com -- U.S. stock futures hug the flatline as markets assess the potential of Federal Reserve interest rate cuts later this year. More quarterly earnings reports are due on Wednesday, including returns from Uber Technologies soared after it offered upbeat revenue guidance for the current quarter that was underpinned by solid user growth. It also reported a first-quarter loss of $575.
The Japanese automaker clocked operating income for the year to March 31, 2024, of 5.35 trillion yen , compared to a profit of 2.73 trillion yen for the prior year. The move comes as Biden administration, which has already rolled out restrictions on the sale of U.S. technology to Huawei, faces increasing pressure from Republican legislators to further crack down on the business. National security officials in Washington have raised concerns that Huawei's equipment is being utilized by Beijing to carry out cyber espionage activities -- an assertion that Huawei has denied.Data from the American Petroleum Institute showed on Tuesday that U.S.
Meanwhile, Israel kept up its offensive against Rafah in southern Gaza on Tuesday, the day after Hamas officials reportedly accepted a new ceasefire proposal. Still, U.S. officials said a ceasefire could still be reached, as delegates from both sides met in Cairo for negotiations.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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