Author: Fernanda T
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U.S. Index Futures Drop Ahead of August Jobs Report Release; Oil Prices Steady, OPEC+ Delays Production Hikes
U.S. index futures fell in pre-market trading this Friday, as investors await the August jobs report for more clues about the economy. At 5:41 AM ET, Dow Jones futures fell 143 points, or 0.35%. S&P 500 futures dropped 0.66%, and Nasdaq-100 futures fell 1.20%. The 10-year Treasury yield stood at 3.699%. Today’s U.S. economic highlights…
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Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company
Salesforce (NYSE:CRM) – Salesforce announced the purchase of Own Company for $1.9 billion to strengthen its data privacy and security solutions. The acquisition aims to meet the growing demand for customer protection against data loss. Salesforce expects the transaction to drive growth starting from the second year after completion, slated for the fourth quarter of…
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Travala Now Available on Skyscanner, Siemens Issues New Digital Bond on Blockchain, Bitcoin Volatility on Thursday
Travala integrates hotel inventory with Skyscanner and offers cryptocurrency payments Travala, a crypto-native booking platform, is now available on Skyscanner, allowing users to book over 2.2 million hotels in 230 countries using cryptocurrencies like Bitcoin and its AVA token (COIN:AVAUSD). This integration marks Travala as the first crypto-native platform on Skyscanner, competing with giants like…
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U.S. Index Futures Steady Amid Labor Data Anticipation; Oil Prices Rise
U.S. index futures are little changed in pre-market trading on Thursday amid a rocky start to September. Investors await key labor market data, including jobless claims and the nonfarm payroll report, which could influence the Federal Reserve’s upcoming decisions. At 5:16 AM, Dow Jones futures (DOWI:DJI) rose 45 points, or 0.11%. S&P 500 futures gained…
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Qualcomm Develops Mixed Reality Glasses; Verizon to Boost Dividend, Eyes Acquisition; Samsonite Plans US Dual Listing
Qualcomm (NASDAQ:QCOM) – Qualcomm, in collaboration with Samsung and Google, is developing mixed-reality glasses that connect to smartphones, offering a lighter, more portable alternative to Apple’s bulky headsets. Qualcomm CEO Cristiano Amon hopes these glasses will provide new experiences and expand the mixed-reality market, which is currently smaller than the smartphone market. Shares rose 0.2%…
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Trump Unveils DeFi Project with Aave, Polygon Debuts POL Token, Sui Blockchain Introduces Offline Transactions
Trump launches DeFi project with Aave infrastructure and Ethereum blockchain The World Liberty Financial project, associated with former President Donald Trump, will use Aave’s platform and Ethereum blockchain to create a “credit account system.” Although not a fork of Aave (COIN:AAVEUSD), the project uses its infrastructure, boosting Aave’s token value. With an emphasis on open-source…
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U.S. Index Futures Fall Amid Market Volatility; Oil Prices Drop on Libya Dispute, Weak Global Demand
U.S. index futures fell in premarket trading on Wednesday, following a steep decline the day before. With September historically weak for stocks, investors anticipate volatility and potential buying opportunities. At 5:01 AM, Dow Jones futures (DOWI:DJI) dropped 89 points, or 0.22%. S&P 500 futures lost 0.36%, and Nasdaq-100 futures fell 0.53%. The 10-year Treasury yield…
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Nvidia Subpoenaed by DOJ, Athira Pharma Shares Plunge 71% After Study Fails, Zscaler Falls 15% Post-Earnings
Nvidia (NASDAQ:NVDA) – Nvidia’s stock closed down 9.5% on Tuesday, leading to a $279 billion loss in market value due to fading optimism over AI following weak economic data. Historically, September has been tough for Nvidia, and this year is no exception. The stock has already dropped 20% from its all-time high. However, performance tends…
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U.S. Stock Futures Rise Ahead of Key Inflation Report; Oil Prices Rise Amid Supply Concerns
U.S. stock futures rose in pre-market trading on Friday as investors focused on the PCE index report for July. This inflation data, closely watched by the Federal Reserve, could influence the Fed’s future monetary policy decisions. As of 4:58 AM, Dow Jones futures (DOWI:DJI) gained 56 points, or 0.14%. S&P 500 futures rose 0.38%, and…
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Dell Stock Rises 6% Premarket on Strong Revenue Beat, Elastic Shares Plunge 27% After Lowering Revenue Forecasts
Dell Technologies (NYSE:DELL) – The computer and technology solutions company beat estimates with total revenue of $25 billion (+9% YOY), above the expected $24.1 billion. Net income was $841 million, or $1.17 per share, compared to $455 million, or $0.63 per share last year. The infrastructure group’s revenue grew 38% to $11.64 billion, beating the…