Category: Latest News
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Applications for US Jobless Benefits Rise Modestly
Slightly more Americans filed for jobless claims last week, pushing the overall number of people in the U.S. collecting unemployment benefits to its highest level in two years. Applications for unemployment benefits rose by 7,000 to 218,000 for the week ending Nov. 25, the Labor Department reported Thursday. Jobless claim applications are seen as representative…
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Investment Insights: Expert Analyst Opinions on Blackrock, Costco, Dollar Tree, Duke Energy, Snowflake…
Blackrock: Goldman Sachs maintains its buy recommendation and raises the target price from $719 to $793. Blackstone: Goldman Sachs maintains its buy recommendation and raises the target price from $105 to $115. Costco Wholesale Corporation: Telsey Advisory Group maintains its outperform rating and raises the target price from $600 to $625. Crowdstrike Holdings: DZ Bank…
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Oil Prices Slightly Higher
Oil prices were around 1% higher ahead of OPEC+’s ministerial meeting, with a rollover of existing curbs still seen as the most likely scenario, but expectations of deeper cuts in an effort to shore up prices are growing among traders. “Clearly, this growing expectation leaves downside risk for the market if OPEC+ disappoint later today,”…
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Dollar Rebounds After Recent Losses
The dollar was higher, rebounding after recent losses, but strong upcoming activity data could be needed for it to continue rising, ING said. “U.S. activity data needs to do the heavy lifting in a dollar recovery by reviving bond bears.” Weekly jobless claims and personal spending data could be worth watching, ING said, adding that…
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Premarket Movers: Nutanix, Occidental Petroleum, Pure Storage, Synopsys, Tesla
Nutanix was up 8.3% after adjusted earnings and revenue in its fiscal first quarter topped estimates. Occidental Petroleum is in talks to buy CrownRock , The Wall Street Journal reported. The deal for the closely held company could be valued well above $10 billion including debt, according to the Journal. Shares fell 0.7%. Pure Storage…
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Pre-Market Surge for Snowflake, Salesforce, Nutanix; ASML’s New CEO; Occidental’s CrownRock Negotiations
U.S. index futures are up in Thursday’s pre-market, reflecting investor expectations regarding the announcement of October’s personal consumption expenditures and the forecasted data for the weekly unemployment insurance claims. As of 6:09 AM, the Dow Jones futures (DOWI:DJI) rose by 168 points, or 0.47%. The S&P 500 futures advanced 0.19%, and the Nasdaq-100 futures increased…
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US Futures Rise, European Stocks Mixed
U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. ASR Nederland rose 11.7% and NN Group added 10.1%. On the other hand,…
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Top Company News of the Day: EIG, Occidental Petroleum, OpenAI, ABB, Robinhood
EIG Global Energy Partners Expects New LNG Acquisition Within Months The U.S. investment firm wants to increase exposure to the Atlantic Basin gas market. Occidental Petroleum in Talks to Buy Permian Producer CrownRock The deal could value CrownRock well above $10 billion including debt. OpenAI’s New Board Takes Over and Says Microsoft Will Have Observer…
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U.S. Stocks Close Little Changed Ahead Of Key Inflation Data
After ending the previous session modestly higher, stocks showed a lack of direction over the course of the trading day on Wednesday. Despite the choppy trading on the day, the Dow inched up to its best closing level in over three months. The major averages eventually ended the day narrowly mixed. While the Dow crept…
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Crypto this Wednesday: Jack Dorsey’s Investment in Pool Ocean, Billionaire Legal Battle with Cristiano Ronaldo, and More
Bitcoin fluctuates near $38,000; expert analysis and forecasts by Fernando Pereira Bitcoin experienced a slight drop, retreating from its $38,000 mark on November 29 amid market uncertainty. Analysts like Keith Alan highlighted the potential for manipulation by major market operators. Concurrently, the financial community is turning its attention to the upcoming speech by Jerome Powell,…