Category: Latest News
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Crypto This Thursday: FCA Warns Against Poloniex, Robinhood Debuts in EU, and More
US jobs report could heavily impact Bitcoin and markets Bitcoin’s recent rise was influenced by falling interest rates, which also benefited traditional markets. Recently, the cryptocurrency market has shown remarkable growth, with Bitcoin, the largest cryptocurrency, exceeding large companies in market capitalization such as Tesla (NASDAQ:TSLA) and Visa (NYSE:V). Bitcoin has reached a market capitalization…
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US weekly jobless claims increase slightly
The number of new unemployment benefit claims by Americans saw a slight increase last week, which was lower than expected, as the labor market gradually slows down due to declining demand. According to the Labor Department’s report on Thursday, initial claims for state unemployment benefits rose by 1,000 to a seasonally adjusted 220,000 for the…
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Oil Regained Some Ground
Oil prices regained some ground after falling to their lowest levels since July earlier this week. Following OPEC+’s output cuts announcement, which left traders broadly disappointed, concerns around weakening demand and an oversupplied market remained. Meanwhile, the latest EIA report showed U.S. crude oil inventories fell more than expected last week but gasoline and distillate…
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Dollar was Weak In November
November was a very negative month for the dollar, with the DXY index falling by almost 4%, and the near-term outlook isn’t much better due to evidence of a weakening economy, Natixis Research said. “In an environment of soft landing for the economy and a potentially substantial cut in Fed Funds rates, the dollar will…
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Stock Futures Struggle to Extend Rally Ahead of More Jobs Data
Stock futures were little changed on Thursday as global bond yields rose and traders eyed two more jobs reports that may impact the chances of the Fed cutting interest rates next year. Investors will wish to see confirmation from Thursday’s weekly unemployment claims data, and Friday’s nonfarm payrolls report, that the slower jobs market will…
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Investment Insights: Expert Analyst Opinions on Biogen, Boeing, Chevron, Salesforce…
Agilent Technologies: Goldman Sachs maintains its buy recommendation and raises the target price from $128 to $145. Autozone: Morgan Stanley maintains its overweight rating and raises the target price from $2750 to $2900. Biogen: Raymond James upgrades to outperform from market perform with a target price of $283. Boeing: JP Morgan maintains its overweight recommendation…
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Alphabet Unveils Advanced AI Model, AMD Expects $45 Billion AI Market, Chevron’s $19.5B Investment Plans, BMY Increases Dividend, and More
U.S. index futures are mixed in Thursday’s pre-market trading, following a three-day losing streak for the S&P 500 and the Dow Jones. At 05:17 AM, Dow Jones futures (DOWI:DJI) fell 80 points, or 0.22%. S&P 500 futures dropped 0.04%, while Nasdaq-100 futures rose 0.18%. The yield on 10-year Treasury bonds was at 4.146%. In the…
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US Futures Flat, European Stocks Decline as Data Eyed
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Viaplay Group Series B rose 9.1% and THG added 2.3%. On the other hand,…
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Top Company News of the Day: Meta, Alibaba, AbbVie, Cerevel Therapeutics, BHP
Meta Starts Fully Encrypting Messages on Facebook and Messenger App Social-media giant is moving ahead with a privacy measure that government officials and others have warned could hide illegal activity by child predators and other criminals. Once Unstoppable, Alibaba Is Now Faltering Alibaba was a major driver of China’s growing consumer economy. Now it has…
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U.S. Stocks Fail To Hold Early Gains, Close On Weak Note
After a positive start, stocks gave up their gains and moved along the flat line till around mid afternoon on Wednesday before drifting lower to end the day’s session on a weak note. The major averages all ended modestly lower. The Dow, which advanced to 36,292.58 in early trades, settled at 36,054.43, losing 70.13 points…