Author: Fernanda T
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Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon
Microsoft (NASDAQ:MSFT), Vodafone (NASDAQ:VOD) – Microsoft announced a new stock buyback program of up to $60 billion and a 10% increase in its quarterly dividend to $0.83. The company plans to hold its annual shareholders’ meeting on December 10. Additionally, Microsoft revealed that Vodafone signed a significant contract to use 68,000 licenses for Copilot AI…
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Bitcoin Falls as Traders Eye Fed; Mining Stocks Drop Amid High Hash Rate, and Latest in Crypto
Bitcoin drops as traders eye the Fed Bitcoin (COIN:BTCUSD) fell to around $57,823, dropping 2.3% in 24 hours, after holding above $60,000 over the weekend. Ether (COIN:ETHUSD) slipped 1.4% to around $2,288. Futures traders lost $143 million due to the sudden drop. Increasing competition from networks like Solana and Base pressures Ethereum. Expectations of a…
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U.S. Markets Await Fed Decision and Empire State Report Amid Global Economic Shifts; Oil Prices Rise Slightly
On Monday, the main highlight of the U.S. economic agenda is the Empire State Manufacturing Survey for September, which will be released at 8:30 AM ET. The market expects a reading of -5.0, compared to -4.7 in August. The Fed’s two-day policy meeting is set to begin on Tuesday, with the interest rate decision expected…
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Intel Secures $3.5 Billion Subsidy, Stellantis Backs EU Emissions Targets, BP and Apollo Reach $1 Billion Deal
Intel (NASDAQ:INTC) – Intel secured up to $3.5 billion in federal subsidies to manufacture semiconductors for the U.S. Department of Defense. This information was disclosed by Bloomberg News after the company signed a binding agreement with U.S. authorities. Shares rose 3.7% in pre-market trading after closing up 1.6% on Friday. Stellantis NV (NYSE:STLA) – Stellantis…
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Worldcoin Integrates World ID with Solana; cbBTC Hits $103 Million; SEC Expands Binance Lawsuit, Adds New Tokens as Securities
Worldcoin integrates World ID with Solana via Wormhole On Friday, Worldcoin (COIN:WLDUSD) announced the integration of World ID with the Solana blockchain through Wormhole Foundation’s cross-chain protocol. The World ID, based on Ethereum layer 2, allows privacy-focused identity verification for decentralized applications (DApps). This integration enables Solana developers to implement secure, Ethereum-compatible authentication. The Wormhole…
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U.S. Index Futures Steady; Oil Poised to Break Weekly Losing Streak
U.S. index futures showed little movement in pre-market trading this Friday. Investors are focused on the Federal Reserve’s meeting on September 17-18, which is expected to result in a 25 basis point interest rate cut. At 5:16 AM, Dow Jones futures (DOWI:DJI) rose 51 points, or 0.12%. S&P 500 futures gained 0.18%, and Nasdaq-100 futures…
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OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast
Boeing (NYSE:BA) – Workers at Boeing’s West Coast factories voted in favor of a strike. The walkout, the first since 2008, will affect 737 MAX production amid the company’s production challenges and mounting debts. The union argued that the offer didn’t offset years of stagnant wages and rising health care costs. A 50-day strike could…
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Grayscale Launches XRP Fund, Coinbase Debuts cbBTC Token, 1inch Reveals Atomic Swap Protocol
Grayscale launches investment fund focused on XRP Grayscale launched an investment fund for XRP (COIN:XRPUSD) on September 12, pushing the asset’s price to an intraday high of $0.5882. The new XRP Trust, like other Grayscale products, focuses solely on the XRP token, which powers the XRP Ledger blockchain. The fund was reactivated after Ripple’s court…
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U.S. Index Futures Climb Ahead of Key Economic Data Releases; Oil Prices Rise
U.S. index futures rose in premarket trading on Thursday following a volatile session driven by August inflation data, with investors awaiting further economic data to guide market expectations. At 5:12 AM, Dow Jones futures (DOWI:DJI) were up 82 points, or 0.20%. S&P 500 futures gained 0.22%, and Nasdaq-100 futures rose 0.24%. The 10-year Treasury yield…
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Norfolk Southern CEO Fired, Ryanair Lowers Fare Forecast, 23andMe Considers Acquisition Proposals
Norfolk Southern (NYSE:NSC) – Norfolk Southern fired its CEO, Alan Shaw, after an internal investigation into allegations of ethical policy violations. CFO Mark George was promoted to CEO. Shaw’s dismissal, which occurred after the 2023 disaster, is unrelated to the company’s financial performance. Shares fell 1.4% on Wednesday. Ryanair Holdings (NASDAQ:RYAAY) – Ryanair reduced its…