Author: Fernanda T
-
US Index Futures Steady; Oil Prices Drop, Erasing Last Week’s Gains
U.S. index futures show slight variation in Monday’s pre-market, reflecting investor caution ahead of corporate earnings reports. Expectations for earnings to drive new records are tempered by uncertainties surrounding elections, Fed decisions, and geopolitical issues. As of 05:08 AM, Dow Jones futures (DOWI:DJI) fell 24 points, or 0.06%, while S&P 500 futures rose 0.11%, and…
-
TSMC To Exceed Profits, Plans European Factories; Boeing Cuts 17,000 Jobs; Berkshire Boosts Sirius XM Stake
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) – TSMC is planning new factories in Europe focused on AI chips after starting construction on its first plant in Dresden, Germany. According to Wu Cheng-wen of TSMC, the company is considering further expansion in Europe, but there is no specific timeline. TSMC is already investing $65 billion in three…
-
Bitcoin Above 62K; Justin Sun Elected Prime Minister of Liberland; Data Breach Affects 77,000 Fidelity Customers
Bitcoin surpasses $62K Bitcoin (COIN:BTCUSD) briefly fell below $59,000 last night before quickly recovering to $61,000, forming a “V” pattern. Historical data shows that these 30-minute recoveries often precede larger gains or stable trading, with few subsequent drops. This quick recovery has been repeatedly observed since August, indicating stability or potential upward momentum. Bitcoin’s price…
-
U.S. Index Futures Dip Ahead of Bank Earnings and Inflation Report
U.S. index futures slightly declined in pre-market trading on Friday, as investors await today’s quarterly results from major banks like JPMorgan Chase (NYSE:JPM) and Wells Fargo (NYSE:WFC), and wholesale inflation data that could influence the likelihood of a rate cut. Market sentiment is cautious ahead of an uncertain weekend. China is expected to announce new…
-
BP Signals Rising Net Debt; Tesla Slumps; Stellantis CEO Announces Retirement; Berkshire Trims BofA Stake, and More
BP Plc (NYSE:BP) – BP expects a net debt increase in Q3 due to lower refining margins and changes in asset sale timing. The company faces reduced earnings of up to $600 million, signaling a weaker outlook for the oil industry amid concerns about China’s demand. Shares fell 1.0% pre-market. Tesla (NASDAQ:TSLA) – Elon Musk…
-
U.S. Futures Fall Slightly as Investors Await CPI Data; Oil Prices Rise
U.S. index futures dipped slightly in premarket trading on Thursday, following gains in the previous session, as investors await September’s CPI data, which could influence Federal Reserve policy. Consumer price data is expected to show moderate inflation, hinting at smaller rate cuts. At 5:57 AM, Dow Jones futures (DOWI:DJI) were down 42 points, or 0.10%.…
-
Tesla’s Robotaxi Day; GSK Settles 93% of Zantac Lawsuits; 10x Genomics Stock Drops on Revenue Forecast
Tesla (NASDAQ:TSLA) – Tesla’s sales in China increased by 19.2% in September, totaling over 72,000 electric vehicles sold, its best performance of the year. Deliveries of locally produced Model 3 and Model Y rose by 1.9% from the previous month. In Q3, Tesla recorded a 12% growth in sales of Chinese-made electric vehicles. BYD also…
-
SUI Jumps 109% in Monthly Surge; Stablecoins Reach Record Liquidity; Canary Capital Files XRP ETF
SUI reaches new all-time high, surpassing $8 billion market value The SUI ecosystem hit a new record in October, with its market value exceeding $8.54 billion. Of that total, SUI’s individual market value is about $5.38 billion, while First Digital USD (COIN:FDUSDUST) accounts for nearly $3 billion. SUI (COIN:SUIUSD) reached a new all-time high of…
-
U.S. Index Futures Slide Slightly; Oil Prices Rise
U.S. index futures dipped slightly in pre-market trading Wednesday after a strong rally in the previous session. Investors are awaiting the Fed minutes and upcoming inflation and bank earnings reports this week, while optimism grows about a soft Fed landing following robust jobs data. At 5:28 AM ET, Dow Jones futures (DOWI:DJI) were down 58…
-
Google Could Face Forced Spinoff; Rio Tinto Buys Arcadium for $6.7B; Boeing Suspends Union Talks
Alphabet (NASDAQ:GOOGL) – The U.S. Department of Justice is considering asking a judge to force Google to sell parts of its business to mitigate its search dominance, including Chrome and Android. The DOJ proposes measures to reduce Google’s dominance, which could impact revenues and benefit competitors. Google plans to appeal, calling the proposals “radical” and…