Category: Latest News
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Oil Prices Jump
Oil prices moved sharply higher after attacks on ships in the Red Sea by rebel Houthi forces added to worries that the war in Gaza could spread further into the Middle East. The U.S. destroyed three boats carrying militants supported by Iran on Sunday after a Maersk-owned container ship came under attack from Houthi forces…
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Dollar Up As Markets Await Fed Announcement
The dollar rose against a basket of currencies as the market awaits economic data releases this week for insight into the Fed’s next move, XS.com said. “It seems that the main driver for [the dollar for] 2024 is whether the markets will continue to price in Federal [Reserve] interest rate cuts or if the Fed…
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Stock Futures Struggle After Weak China Data
Stock futures struggled for traction on Tuesday after some soft data from China raised concerns about the health of the global economy. Hong Kong’s Hang Seng shed 1.5% and the Shanghai Composite dipped 0.4% after an official report over the weekend showed China’s factory activity in December eased to its slowest pace in six months…
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US Futures, European Stocks Climb
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Uniper added 9.3% and MorphoSys rose 5.6%. On the other hand, Idorsia slipped…
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Top Company News of the Day: ASML, Baidu, Evergrande, Ikea
Netherlands Blocks ASML Exports of Chip-Making Equipment to China ASML said the Dutch government has blocked the company’s exports to China of some chip-making equipment in a partial license revocation following U.S. export restrictions. Baidu Terminates $3.6B Deal to Buy JOYY’s China Live-Streaming Business Baidu has called off a $3.6 billion deal to buy JOYY’s…
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U.S. Stocks Give Back Ground But Still Post Substantial Gains For The Year
Following the lackluster performance seen in recent sessions, stocks fluctuated over the course of the trading session on Friday before ending the day mostly lower. The major averages showed a lack of direction in early trading but slid more firmly into negative territory as the session progressed. Despite an afternoon recovery attempt, the major averages…
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Crypto: Selling Pressure and Option Expiry Impacting BTC and ETH, OKX Delisting Shaking Privacy Coins, and More
Selling pressure and option expirations mark eventful week for Bitcoin and Ethereum This week saw selling pressure among Bitcoin miners, with reserves hitting their lowest level since May, reflecting a steady decline since October. Currently, reserves are at about 1.832 million BTC, with around 3,000 bitcoins sold in the last 24 hours. The market value…
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Nvidia Releases Chip to Comply with China Export Restrictions, HG Vora Seeks Board Seats at PENN, and More
In the pre-market of the last trading day of 2023, the U.S. index futures show a slight increase, with Wall Street nearing the end of a profitable year and possibly hitting a new record. The S&P 500 is close to a new all-time high, reflecting a strong rise in the last months of 2023. This…
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US Futures, European Stocks Rise
U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.2% in morning trading. Viaplay Group Series B added 2.1% and Samhaellsbyggnadsbolaget rose 1.9%. On the other…
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Top Company News of the Day: Huawei, Luxshare, Boeing, Suntory
The New Star on the Political Scene: The Chip Industry Increasing attention from politicians is posing opportunities and challenges for tech companies that have become part of a geopolitical conversation. Huawei Expects 9% Revenue Growth This Year Huawei Technologies projected that its revenue grew about 9% in 2023, reflecting the company’s return to a more…