Investing.com -- U.S. stock futures are mixed on Thursday following a relatively muted session on Wall Street, with traders looking ahead to comments from Federal Reserve Chair Jerome Powell later in the day. In corporate earnings, SoftBank slips to a quarterly loss as the Japanese tech investment giant is impacted by the bankruptcy of WeWork, while Walt) reports better-than-expected earnings thanks to strength at its streaming business and some of its theme parks.
Traders will be eyeing remarks from Federal Reserve Chair Jerome Powell at a conference in Washington D.C. later today. Powell spoke at a separate event in the U.S. capital on Wednesday, but did not comment on monetary policy.SoftBank Group dropped to its fourth-straight quarterly loss, adding to the pain for investors and Chief Executive Masayoshi Son following the bankruptcy of once high-flying flexible office space provider WeWork.
Costs related to the failure of WeWork -- one of SoftBank's largest bets -- and a weaker yen both weighed on the company during the quarter, tempering a boost from the initial public offering of its chip designer Arm. The entertainment giant also said it is on pace to deliver $7.5B in annualized savings, pointing to the impact of Chief Executive Bob Iger's ongoing push to rein in expenses. Shares in Disney rose in premarket U.S. trading on Thursday.China re-entered deflationary territory in October, data showed on Thursday, as the country grapples with weak retail spending and a worsening slump in the manufacturing sector. inflation contracted at an annualized 0.
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