Category: Latest News
-
Top Company News of the Day: OpenAI, Nvidia, Endo, Citigroup
Altman to Return as OpenAI CEO After Days of Turmoil The announcement marks the end of an impasse over who would lead the company that has become synonymous with the boom in AI technology. Nvidia’s Sales Surge, With No End in Sight for AI Boom The chip maker reported another quarter of record sales and…
-
U.S. Stocks Give Back Ground Following Recent Strength
Stocks moved to the downside during trading on Tuesday, giving back ground after ending the previous session mostly higher. Selling pressure remained relatively subdued, however, allowing the major averages to hang on to the bulk of their recent gains. The major averages all finished the day in the red, with the tech-heavy Nasdaq posting a…
-
Fed Indicate a Possibility Of Further Interest Rate Hikes If Inflation Doesn’t Decline Sufficiently
Members of the Federal Open Market Committee (FOMC) agreed in their latest interest rate decision that a new hike may be appropriate if economic data received indicate “insufficient progress” in reducing inflation. The information comes from the minutes released today, regarding the last meeting of the authority held in November when the U.S. interest rate…
-
Crypto this Tuesday: Circle Sets New USDC Standard, Binance and DOJ Near Billion-Dollar Settlement, and More
Binance and US DOJ negotiate billion-dollar deal in investigation The US Department of Justice is close to reaching a settlement of over $4 billion with Binance Holdings Ltd., amid a major investigation of the cryptocurrency exchange for money laundering, bank fraud, and sanctions breaches. Binance’s founder, Changpeng Zhao, faces the possibility of criminal charges in…
-
Market Reaction: Wall Street dips, Treasury yields inch lower ahead of Fed minutes
On Tuesday, U.S. stocks experienced a slight decline, while benchmark Treasury yields saw a modest decrease due to a lack of significant market-moving factors to sustain the recent multi-session rally. All three major U.S. stock indexes registered declines, with the technology-heavy Nasdaq showing the most substantial drop, as investors eagerly awaited the earnings results of…
-
U.S. Stocks May Give Back Ground In Early Trading
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to give back ground after moving mostly higher over the course of the previous session. Traders may look to cash in on the recent strength in the markets, which has lifted the major averages to…
-
Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Today, market participants will be closely monitoring the release of the Federal Reserve’s minutes from the November meeting for any new insights into the future trajectory of interest rates. “We are not expecting any major new information, but the minutes could be less dovish than the current market pricing. The minutes are likely to indicate…
-
Tuesday’s Wall Street Highlights: Paramount Global, Nvidia, Zoom, Symbotic, Baidu, and more
U.S. index futures are down this Tuesday during the pre-market period, reflecting investor caution. They eagerly await the release of quarterly results from major U.S. companies, as well as the publication of the minutes from the most recent meeting of the Federal Open Market Committee (FOMC), scheduled for 2 PM. At 6:05 AM, Dow Jones…
-
North American Morning Briefing: All Eyes on Nvidia Results
Market Wraps Watch For: FOMC Minutes, Existing Home Sales for October, Canadian CPI for October; Earnings from Nvidia, Kohl’s, Best Buy, HP, Nordstrom Today’s Top Headlines/Must Reads: – October Home Sales Likely Fell to New 13-Year Low – Biden’s Electric-Vehicle Push Hits a Speed Bump – Global platinum market on track to post largest supply…
-
US Futures Flat, European Stocks Mixed
U.S. futures for the S&P 500 were down 0.1% 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 climbed 0.1% in morning trading. Sonova Holding rose 6% and Rheinmetall added 4.7%. On the other hand, MorphoSys…