Stocks turned mostly lower Wednesday as better-than-expected growth in the second quarter fostered talk of Fed rate hikes.» Read More
NEW YORK, July 30- The dollar hit 10- month highs against a basket of major currencies on Wednesday while U.S. two-year note yields surged to their highest since May 2011 after data showed surprisingly strong U.S. economic growth.
The Senate voted 54-42 to end debate on the bill, six short of the 60 votes needed to advance it. The White House says President Barack Obama supports the legislation.
Do analysts have Twitter all wrong or is it really a growth opportunity? Kara Swisher, Re/code co-executive editor, shares her thoughts on the social network and what's driving growth.
*Twitter rallies after blockbuster results. *Biotechs rally on Amgen results, Regeneron trial data. Twitter Inc surged on heavy volume, jumping 25 percent to $48.25 in its biggest one-day advance ever after reporting that monthly active users had risen a better-than-expected 24 percent in the second quarter.
Discussing Twitter's outperformance and how the World Cup impacted user growth, with Arvind Bhatia, Sterne Agee senior research analyst.
News that the U.S. economy jumped by 4 percent last quarter is taking the spotlight from a surge in new IPOs coming this week.
NEW YORK— U.S. stocks are opening higher after several companies reported better earnings than investors were expecting. Traders were also encouraged by the U.S. government's initial estimate that the economy surged ahead at a 4 percent annual rate in the April-June quarter.
"Sharknado 2: The Second One," the sequel to the swirling cult favorite, takes the SyFy channel by storm Wednesday night.
Shares of Twitter are surging and nearing its best day since its IPO day. Insight, with the "Squawk on the Street" crew.
The "Squawk on the Street" news team discusses Twitter's Q2 earnings results and jump in monthly average users. Cramer reveals the key line from their conference call that made the stock rise.
*Twitter rallies in premarket after blockbuster results. NEW YORK, July 30- U.S. stock index futures pointed to a higher open on Wednesday after the first read on second-quarter economic growth came in much stronger than expected, overshadowing a weak report on the labor market.
July 30- Shares of Twitter Inc were set to soar on Wednesday as surprisingly strong user growth eased investor concerns that the popularity of the micro-messaging site was waning. Twitter's user growth stagnated after it went public to much fanfare in November, leading to a management shake-up that included the exit of Chief Operating Officer Ali Rowghani.
Stock futures pointed to a higher open on Wall Street after data had the economy growing 4 percent in the second quarter.
Some of the names on the move ahead of the open.
CHICAGO— Once the vagabond of the music festival and touring circuit, Lollapalooza marks its 10th anniversary in Chicago when it opens for three days starting Friday with a lineup including Eminem, Outkast and Kings of Leon. "But I would have to acknowledge that if it were not for Chicago, that beautiful showroom, I don't think we would be in the position we're in now."
*Twitter rallies in premarket after blockbuster results. NEW YORK, July 30- U.S. stock index futures rose on Wednesday as investors sought bargains following a period of weakness and looked ahead to data on economic growth and comments from the Federal Reserve following its latest policy meeting. *Twitter Inc surged 27 percent to $49 in heavy premarket trading.
Asian equity markets were mostly higher on Wednesday ahead of key risk events in the United States.
Anthony DiClemente, Nomura Securities analyst, shares his play on Twitter's earning beat.
The reality is the company had a good quarter but not that good a quarter, says Brian Wieser, Pivotal Research Group analyst, explaining why he downgraded Twitter.
TOKYO— Nintendo Co. sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U and 3 DS video-game machine sales. Kyoto- based Nintendo reported a 9.92 billion yen April-June loss compared with an 8.62 billion yen profit a year earlier.