Author: Fernanda T
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U.S. Index Futures Slightly Rise in Pre-Market Trading, Set for Weekly Gains
U.S. index futures show a slight increase in pre-market trading this Friday, with indices on track to end the week with gains as investors eagerly await payroll data. At 06:21 AM, Dow Jones futures (DOWI:DJI) rose 10 points, or 0.03%. S&P 500 futures advanced 0.04%, and Nasdaq-100 futures gained 0.13%. The 10-year Treasury yield stood…
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Tesla Listed for China’s Government Vehicles; Macy’s Acquisition Offer Raised, and More News
Tesla (NASDAQ:TSLA) – The Tesla Model Y was included for the first time on a list of plug-in electric and hybrid vehicles that a local government in China can acquire as a service car. This information was disclosed by the official Chinese media, The Paper, highlighting that the Jiangsu provincial government published the list on…
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BTC Falls Amid Market Pressure, Bittensor Suspends Operations, Consensys Enhances MetaMask Security
Fluctuations in the US bitcoin ETF market and the importance of the $60,000 mark for bitcoin Bitcoin (COIN:BTCUSD) registered a 2.9% decline in the last 24 hours, hitting $60,200 amid a broad market downturn. Selling pressure may increase due to the imminent asset distributions by the bankrupt exchange Mt. Gox, scheduled for release this week.…
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U.S. Index Futures Modestly Higher Before Key Economic Data Release; Early Closure for July 4th Holiday
U.S. index futures are modestly higher this Wednesday, with investors awaiting a series of significant economic data. U.S. markets will close early today at 1 PM and remain closed on Thursday due to the July 4th holiday. At 6:21 AM, Dow Jones futures (DOWI:DJI) were up 47 points, or 0.12%. S&P 500 futures advanced 0.02%,…
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Apple Joins OpenAI Board, Logitech President Opts Out of Reelection, and More News
Apple (NASDAQ:AAPL) – Apple will obtain an observer role on the OpenAI board as part of an AI agreement, with Phil Schiller chosen for the position. This arrangement will allow Schiller to attend board meetings without voting rights, starting later this year. In other related news, a former Apple corporate law director convicted of insider…
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Bitcoin ETFs Draw Investments in June, Electoral Impact on BTC
Bitcoin ETFs attract investments despite price drop In June, spot bitcoin ETFs recorded net inflows of $790 million despite a 7% drop in BTC price. BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) led with over $1 billion in inflows, offsetting outflows from Grayscale Bitcoin Trust (AMEX:GBTC). The anticipation for a spot Ether ETF also boosted inflows. It…
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BTC Price Struggles at $60K, Jesse Powell Supports Trump with Donation, Phantom Wallet Fake App Warning
Bitcoin struggles to maintain $60,000 After a promising start to 2024, with optimistic predictions that Bitcoin would reach $100,000, the price faced intense selling pressure in April and June, barely managing to stay above $60,000 by the end of the quarter. Bitcoin, which began the period near $71,000, saw a drop of over 14%, while…
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US Index Futures Signal Higher Opening Amid Inflation Data Anticipation, Oil Prices Rise
US index futures point to a higher opening this Friday, as investors await new inflation data and look forward to closing a positive quarter for stocks. In the first half of the year, the Nasdaq Composite is on track for a 19% increase, driven by excitement around artificial intelligence. The S&P 500 has gained nearly…
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Nike Stock Drops 14% in Pre-Market; Nokia Acquires Infinera for $2.3 Billion, and More News
Nike (NYSE:NKE) – Nike shares fell 14.04% in pre-market trading. Nike exceeded fourth-quarter fiscal earnings estimates with adjusted earnings of $1.01 per share, but sales of $12.6 billion fell short of expectations. Annual revenue of $51.4 billion also missed the $51.6 billion target, despite adjusted earnings of $3.95 per share surpassing forecasts of $3.70 per…
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CleanSpark Acquires GRIID, Marathon Digital Mines Kaspa, VanEck Proposes Solana ETF
CleanSpark acquires GRIID for $155 million, expands mining operations CleanSpark (NASDAQ:CLSK), a Bitcoin mining company, announced the acquisition of GRIID Infrastructure (NASDAQ:GRDI) for $155 million. The acquisition includes an exclusive hosting agreement, providing CleanSpark with 20 MW of power. The purchase comes at a challenging time for Bitcoin miners due to recent cuts in mining…