ADVFN US – Market Content Editor
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First-Time U.S. Unemployment Benefit Claims Up Slightly
A report released by the Labor Department showed a modest increase by first-time claims for U.S. unemployment benefits in the week ended February 15th. The Labor Department said initial jobless claims rose to 219,000, an increase of 5,000 from the previous week’s revised level of 214,000. Economists had expected jobless claims to inch up to…
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Slump By Walmart May Weigh On Wall Street In Early Trading
The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move to the downside after moving modestly higher over the two previous sessions. A slump by shares of Walmart (NYSE:WMT) is likely to weigh on Wall Street, as the retail giant is tumbling by 6.6 percent in…
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Gold Prices Hit Record High, Buoyed By Haven Demand On Trump Tariffs
Gold prices briefly hit a record high in Asian trade on Thursday, as threats of more trade tariffs from U.S. President Trump ignited demand for a safe haven. Spot gold rose 0.3% to $2,940.96 an ounce, briefly hitting a record high of $2,947.23 an ounce earlier in the session. Gold futures expiring in April rose…
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S&P 500 Reaches New Record Closing High After Early Pullback
Stocks moved modestly lower early in the session on Wednesday but regained ground over the course of the trading day. The major averages climbed well off their early lows and into positive territory, with the S&P 500 once again reaching a new record closing high. The major averages ended the day modestly higher. The S&P…
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U.S. Court Seizes More Than $1 Billion In Assets From Sam Bankman-Fried
The U.S. District Court for the Southern District of New York has issued a final order of forfeiture, stripping the former CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, of a vast array of assets following his conviction for fraud. FTX collapsed in early November 2022 after concerns about its relationship with affiliated trading firm, Alameda…
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EV Maker Nikola Bankrupt, Plans To Sell Assets
Electric vehicle manufacturer Nikola (NASDAQ:NKLA) has announced it has filed for Chapter 11 bankruptcy protection and plans a sale of its assets. This is the latest electric-vehicle company to run into trouble because of lukewarm demand, rapid cash burn and funding challenges. In recent years several EV makes that went public during the pandemic have…
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Analog Devices Shares Up 5% As Q1 Revenue Beats Estimates
Semiconductor manufacturer Analog Devices (NASDAQl:ADI) has beaten Wall Street’s expectations for revenue and profit, the company announced on Wednesday, driven by a recovery in chip demand, particularly in the consumer segment. The company’s shares rose 5% in premarket trading. Analog Devices provides semiconductors to a variety of industries, such as aerospace, automotive, communications, digital healthcare…
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Bumble Shares Fall 13% In After-hours Trading on Weak Revenue Forecast
Shares in Bumble Inc (NASDAQ:BMBL) fell 13% after hours on Tuesday following a weaker-than-expected revenue forecast for the first quarter issued by the dating app company. Bumble expects its revenue for the first quarter of 2025, to come between $242 million and $248 million, falling short of analysts’ expectations of $257.2 million. The company expects…
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New Residential Construction Pulled Back More Than Expected In January
After reporting a substantial increase by new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing housing starts pulled back by more than expected in the month of January. The Commerce Department said housing starts plunged by 9.8 percent to an annual rate of 1.366 million…
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Profit Taking, Tariff Concerns May Lead To Pullback On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to move back to the downside after ending yesterday’s choppy trading session slightly higher. Profit taking may contribute to an initial pullback on Wall Street after yesterday’s slim gains lifted the S&P 500 to a new record…