Category: Latest News
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Top Company News of the Day: MMG, Fortescue Metals, X, OpenAI
Chinese Property Stocks Soar on Hopes of More Supportive Measures Chinese property stocks rose sharply amid hopes for more policy support, after a media report said authorities are drafting a list of developers that are eligible for obtaining funding. MMG Plans to Buy Copper Mine in Africa for $1.88 Billion Chinese government-backed mining company MMG…
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U.S. Stocks Move Mostly Higher, Nasdaq Reaches Best Closing Level Since Late July
Following the lackluster performance seen to close out the previous week, stocks moved mostly higher during trading on Monday. The tech-heavy Nasdaq led the advance, reaching its best closing level since late July. The major averages pulled back off their highs going into the close but remained firmly positive. The Nasdaq jumped 159.05 points or…
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Crypto this Monday: Bullish Acquires CoinDesk, Santander Launches Swiss Crypto Services, and More
Javier Milei, bitcoin supporter, wins presidential election in Argentina Javier Milei was elected president of Argentina after Sergio Massa admitted defeat on Sunday night, with Milei securing 56% of the votes. Milei’s victory, known for criticizing the central bank and supporting bitcoin, influenced the cryptocurrency market, raising bitcoin (COIN:BTCUSD) by 2%, to $37,150. Milei advocates…
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Futures Pointing To Roughly Flat Open On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move the upside following the lackluster performance seen in the previous session. Stocks may continue to benefit from recent upward momentum, which has helped propel the Dow and the Nasdaq to their best levels in…
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Stocks Set to Open Higher as Investors Await FOMC Minutes and Nvidia Earnings
December S&P 500 futures and December Nasdaq 100 E-Mini futures are up this morning as market participants looked ahead to the release of the minutes of the Federal Reserve’s latest policy meeting as well as earnings from semiconductor stalwart Nvidia later in the week. In the coming week, investors will be monitoring a spate of…
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North American Morning Briefing: Stocks Futures Steady on Rates Optimism
Market Wraps Watch For: Conference Board Leading Indicators for October Today’s Top Headlines/Must Reads: – Stock market surges toward 2023 high. Will holiday shoppers put it over the top? – The Hidden Hero Fueling Soft-Landing Hopes: A Boost in Supply – Office Landlords Can’t Get a Loan Anymore Opening Call: Stock futures edged higher on…
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Monday’s Wall Street Highlights: GM, Microsoft, Citigroup, Amazon, and more
U.S. index futures show remarkable stability in Monday’s pre-market trading, anticipating a shortened week due to the Thanksgiving holiday. This scenario comes after a three-week recovery streak. Investors are closely watching the nuances of the American interest rate curve, eagerly awaiting tomorrow’s release of the minutes from the last Federal Open Market Committee (FOMC) meeting.…
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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 was flat in morning trading. CD Projekt added 3.8% and Diploma PLC rose 3.6%. On the other hand,…
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Top Company News of the Day: Open AI, GM, Singtel, Glencore
Sam Altman Not Returning as CEO of OpenAI Sam Altman’s bid to return to OpenAI faltered, as the board that fired him opted not to agree to proposed terms of his reinstatement. Emmett Shear, former CEO of Twitch, was named interim CEO. Kyle Vogt Resigns as CEO of GM’s Driverless-Car Unit Cruise The resignation follows…
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U.S. Stocks Finish Choppy Session Slightly Higher, Post Strong Weekly Gains
wallstreet sept20 28sep23 ltFollowing the lackluster performance seen during Thursday’s session, stocks continued to experience choppy trading on Friday. The major averages spent the day bouncing back and forth across the unchanged line before closing slightly higher. The S&P 500 edged up 5.78 points or 0.1 percent to 4,514.02, the Nasdaq inched up 11.81 points…