Category: Latest News
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Broadcom in Talks to Sell Computing Unit, Alcoa Acquires Alumina for $2.2 Billion, and Latest News
Broadcom (NASDAQ:AVGO) – Broadcom is nearing a $3.8 billion deal with KKR & Company (NYSE:KKR) to sell its end-user computing unit. The CEO is looking to streamline the portfolio after acquiring VMware. The deal could be announced on Monday, with KKR leading the auction. Alcoa (NYSE:AA) – Alcoa has made a $2.2 billion proposal to…
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Dow, S&P 500 Finish Lackluster Session At New Record Highs
Stocks extended Thursday’s substantial rally in early trading on Friday but turned in a relatively lackluster performance over the remainder of the trading session. Despite the choppy trading, the Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) reached new record closing highs. The major averages bounced back and forth across the unchanged line before closing narrowly…
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Uniswap Skyrockets 55% with Incentive Proposal, Avalanche Confronts 4-Hour Shutdown, and More
Expiration of $3.6 billion in Bitcoin options could influence the market Today, around $3.6 billion worth of Bitcoin options contracts are set to expire on major derivatives exchanges, raising questions about possible impacts on the cryptocurrency’s value. The majority of these options reside on Deribit and CME, indicating significant speculation or hedging strategies against Bitcoin…
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U.S. Futures Pause Post-Nvidia Rally; WTI and Brent Decline in April Futures
In the pre-market on Friday, U.S. index futures showed a moderate trend, reflecting a pause after the euphoria outbreak in the market caused by Nvidia’s rally. This event led American exchanges to climb to new heights, setting historical marks. At 05:34 AM, Dow Jones futures (DOWI:DJI) rose 3 points, or 0.01%. S&P 500 futures dropped…
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Goldman Sachs Reconsiders Fed Cuts, LUNR Surges Over 40% in Pre-Market, and More
Intuitive Machines (NASDAQ:LUNR) – Intuitive Machines made history on Thursday when its Odysseus spacecraft became the first commercial probe to successfully land on the moon. The mission, carrying NASA instruments, landed at the lunar south pole, marking a significant milestone in commercial space exploration and collaboration with the US space agency. Shares are up 47.58%…
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U.S. Stocks Rally To Record Highs On Upbeat Nvidia Earnings
Stocks showed a substantial move to the upside during trading on Thursday, with the Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) reaching new record closing highs. The tech-heavy Nasdaq (NASDAQI:COMP) had also been poised to set a record closing high but ended the day just shy of its November 2021 levels. The major averages held…
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Crypto: ZCash Surges on Grayscale’s Strategy, Gauntlet Terminates Aave Partnership, and More
Retail traders drive cryptocurrency surge, says JPMorgan Analysts at JPMorgan (NYSE:JPM) highlight that the recent surge in cryptocurrency values is primarily driven by retail traders acting on impulse, rather than institutional investors or market fundamentals. According to them, the cryptocurrency market recovery in February can be attributed to the increasing activity of these individual traders.…
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Upbeat Nvidia Earnings May Lead To Rally On Wall Street
The major U.S. index futures are currently pointing to a sharply higher open on Thursday, with stocks likely to extend the upward move seen late in the previous session. The markets are likely to benefit from a positive reaction to earnings news from Nvidia (NASDAQ:NVDA), as the chipmaker is spiking by 12.3 percent in pre-market…
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Unexpected Drop in U.S. Unemployment Claims Signals Robust Job Growth in February
Last week, there was an unexpected decrease in the number of Americans applying for new unemployment benefits, indicating that job growth in February likely continued at a strong pace. For the week ending February 17, initial filings for state unemployment assistance decreased by 12,000 to a seasonally adjusted figure of 201,000, according to the Labor…
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Analyst Ratings and Price Target Adjustments: Capital One, Nvidia, Walmart…
In the latest series of analyst ratings and price target adjustments, various prominent companies have experienced shifts in their market outlooks. These changes reflect the evolving business landscapes, financial performances, and market conditions impacting these firms. Capital One Financial Corporation Evercore ISI adjusted its stance on Capital One Financial Corporation, downgrading the stock to in-line…