Author: iHub News
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Crypto Weekly Newsletter
Crypto and Macro Weekly Recap Cryptocurrencies outperformed the US and EU equity markets, with Ether (ETH) trading at approximately 1,911 USDT at the close of the week, up by 5.8% compared to the previous week, while Bitcoin ended the week at 28,086 USDT, up by almost 5.0%. Meanwhile, the US stock market closed higher, with…
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Debt Ceiling Deal May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to extend the strong upward move seen to close out the previous week. Stocks are likely to benefit from news President Joe Biden and House Speaker Kevin McCarthy, R-Calif., reached an agreement in principle to raise the debt…
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North American Morning Briefing: Stocks Poised for Gains After Debt-Ceiling Deal
Market Wraps Watch For: Monthly/Quarterly House Price Index;S&P CoreLogic Case-Shiller Indices; Consumer Confidence Index; Texas Manufacturing Outlook Survey; Canada Balance of Payments; HP earnings Today’s Headlines/Must Reads – Biden, McCarthy’s Debt-Ceiling Deal Faces Crucial First Test in House – China’s Fading Recovery Reveals Deeper Economic Struggles – Why Microsoft’s $75 Billion Bid for Activision Hinges…
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US Futures Rise, European Stocks Slip
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.2% in morning trading. Uniper added 7.3% and THG rose 5.5%. On the other hand,…
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Top Company News of the Day: Microsoft, Nvidia, Comac, Disney
Why Microsoft’s $75 Billion Bid for Activision Hinges on Call of Duty Regulators worry the popular videogame franchise is so crucial to attract hard-core gamers that it could be used to dominate cloud gaming. The AI Boom Runs on Chips, but It Can’t Get Enough A shortage of the kind of advanced chips that are…
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Renewed Optimism About Debt Ceiling Deal Leads To Extended Rally On Wall Street
Stocks moved sharply higher over the course of the trading day on Friday, extending the rebound seen during Thursday’s session. With the continued upward move, the Nasdaq and the S&P 500 reached their best closing levels in nine months. The major averages moved roughly sideways going into the close, holding on to strong gains. The…
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Top Company News of the Day: Nvidia, Tesla, Ford, Hyundai
Chip Companies, Wary of Break With China, Seek Looser Limits on Federal Cash Businesses are urging the U.S. government to rethink proposed rules for awarding grants and tax credits for the U.S. semiconductor industry. How AI Is Catapulting Nvidia Toward the $1 Trillion Club The company’s chips are leaders in processing the complex calculations driving…
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U.S. Stocks Rebound On Upbeat Nvidia Earnings
Stocks moved mostly higher during trading on Thursday, regaining ground after moving sharply lower on Tuesday and Wednesday. The Nasdaq showed a particularly strong upward move, reflecting strength in the tech sector. The Nasdaq surged 213.93 points or 1.7 percent to 12,698.09, bouncing back near the nine-month closing high set on Monday. The S&P 500…
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North American Morning Briefing: Nvidia Surge Boosts Nasdaq Futures
Market Wraps Watch For: 1Q 2nd estimate GDP; Unemployment Insurance Weekly Claims; Weekly Export Sales; Pending Home Sales; EIA Weekly Natural Gas Storage Report; Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing; Federal Discount Window Borrowings; Fed speakers include Tom Barkin, Susan Collins; earnings from Best Buy, Costco, Gap, Medtronic, Workday Today’s…
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US Futures Mixed, European Stocks Fall as As US Debt Ceiling Talks Continue
In the U.S. futures for the S&P 500 were up 0.5% and futures for the Dow Jones Industrial Average fell 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. BE Semiconductor Inds climbed 6.9% and ASM International rose 6.6%. On…