Author: Fernanda T
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U.S. Index Futures Mixed Ahead of Key PPI Inflation Data Release, Oil Prices Decline
U.S. index futures are mixed in pre-market trading this Thursday, with the S&P 500 above 5,400 points. Investors are awaiting new inflation data and analyzing the recent Federal Reserve decision on interest rates, as well as a lower-than-expected consumer inflation reading for May. At 6:42 AM, Dow Jones (DOWI:DJI) futures fell 134 points, or 0.35%.…
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Bitcoin rises up to 3%, Ripple Unveils RLUSD Stablecoin, and More in Crypto
Bitcoin above $69,000 after a drop in the US Consumer Price Index (CPI) The price of Bitcoin (COIN:BTCUSD) reached a peak of $70,032, trading 2.9% higher at $69,302 in the past 24 hours, following the release of the May Consumer Price Index (CPI) data in the US, which indicated a slight reduction in inflation. The…
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Paramount Ends Skydance Talks, Oracle Shares Surge 8.7% on New Partnerships, and More News
Paramount Global (NASDAQ:PARA) – National Amusements ended negotiations with Skydance for a merger with Paramount Global, with terms not agreed upon. The dispute involved share control and finances. Continuing current operations without significant changes is unsustainable, pressuring Redstone to find another sale offer. Meanwhile, Paramount outlined a plan to reduce debt and seek streaming partnerships,…
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U.S. Futures Rise on Fed Decision; Oil Gains on Demand Forecasts
U.S. index futures are trading slightly higher in pre-market on Monday, amidst anticipation of the Fed’s decision on interest rates and Jerome Powell’s press conference, along with consumer inflation data for May. At 6:40 AM, Dow Jones (DOWI:DJI) futures rose 27 points, or 0.07%. S&P 500 futures advanced 0.12%, and Nasdaq-100 futures gained 0.14%. The…
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Crypto: SushiSwap Launches Sushi Labs with New Council Structure, PancakeSwap Introduces Gas-Free Transactions
SushiSwap innovates with council structure in its new phase, Sushi Labs The decentralized exchange SushiSwap (COIN:SUSHIUSD) has announced the transition of its management to a new format called Sushi Labs. Replacing the DAO model, the new system adopts a council structure to streamline decision-making and improve market responsiveness. Launched on June 11, Sushi Labs will…
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FDA Panel Supports Eli Lilly’s Donanemab, Rio Tinto Expands Stake in Boyne Smelters, and More News
Eli Lilly (NYSE:LLY) – Eli Lilly’s experimental Alzheimer’s drug, donanemab, has received backing from a U.S. FDA advisory panel. The advisors voted unanimously in favor of the efficacy and benefits of donanemab for patients with early-stage Alzheimer’s, despite concerns about side effects. The potential approval could offer a new treatment option, although competition with Biogen’s…
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U.S. Index Futures Fall Ahead of Federal Reserve Policy Meeting, Crude Oil Prices Decline
U.S. index futures are falling in pre-market trading this Monday, amid anticipation for the Federal Reserve’s two-day monetary policy meeting, which begins today. As of 6:36 AM, Dow Jones futures (DOWI:DJI) fell 133 points, or 0.34%. S&P 500 futures declined 0.25%, and Nasdaq-100 futures lost 0.27%. The yield on the 10-year Treasury note stood at…
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Cardano Begins ‘Voltaire Era’ with Chang Fork, Enhanced Security by Fireblocks and Coinbase, and More Crypto News
Cardano prepares for the Voltaire era with Chang fork Charles Hoskinson, founder of Cardano (COIN:ADAUSD), announced that the blockchain is about to reach its most significant milestone with the Chang fork, which will usher in the “Voltaire Era.” This update, scheduled for June, will introduce essential tools for the network’s self-sustainability, allowing for proposed and…
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Apple Showcases AI at WWDC 2024, Nvidia Stock Split Starts Today, and More News
Apple (NASDAQ:AAPL) – At today’s Apple Developer Conference (WWDC 2024) kicking off today, the company will demonstrate its prowess in the advanced field of artificial intelligence. Despite being an early adopter of AI with products like Siri, Apple now faces a perception of trailing behind competitors following innovations like ChatGPT. Throughout the event, Apple will…
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US Index Futures Drop Ahead of FOMC Decision, Oil Prices Inch Up
U.S. index futures are down in pre-market trading this Monday, marking the start of a week highlighted by the Federal Open Market Committee (FOMC) interest rate decision on Wednesday. According to the CME FedWatch tool, markets are now pricing in only one interest rate cut this year, expected in November. As of 6:39 AM, Dow…