Category: Latest News
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Crypto This Tuesday: Binance Delists Tornado Cash, Animoca Becomes Top TON Validator, and More
Volatile expectations with the approval of the Bitcoin ETF in the US Joshua Lim from Genesis Trading warns of potential volatility in the price of Bitcoin (COIN:BTCUSD) in 2024, coinciding with the possible approval of a Bitcoin exchange-traded fund (ETF) in the US. He notes that traders are already positioning themselves for this event, which…
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Wall Street Radar: Amazon, Blackrock, General Motors, Eli Lilly, Novavax..
Amazon (NASDAQ:AMZN) announces record sales during Black Friday and Cyber Monday, and introduces a new data center chip to intensify competition with Microsoft. Boeing (NYSE:BA) joins the business coalition for net-zero emissions. BlackRock’s (NYSE:BLK) shares are on an upward streak, potentially marking the longest winning streak since August 2014. US Thanksgiving weekend sees over 200 million shoppers…
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Oil Rises Over 2% Amid OPEC+ Impasse
Oil prices are up more than 2% this afternoon after Reuters reported, citing sources, that OPEC+ members fail to reach an agreement for the upcoming meeting on Thursday. Around 2:00 PM, the WTI (CCOM:OILCRUDE) barrel for January was up by 2.52% at $76.75. Meanwhile, the Brent (CCOM:OILBRENT) barrel for February saw an increase of 2.38%…
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American Consumers More Confident in November
As the crucial holiday shopping season gains momentum, American consumers are displaying a slightly improved sense of confidence. On Tuesday, The Conference Board, a business research group, announced that its consumer confidence index increased to 102, up from October’s 99.1. Analysts had anticipated a reading of 101. It’s worth noting that the October reading was…
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North American Morning Briefing: November Rally Pauses Ahead of This Week’s PCE Report
Market Wraps Watch For: S&P CoreLogic Case-Shiller Home Px Index for September; Conference Board — Consumer Confidence for November Today’s Top Headlines/Must Reads: – The Stocks That AI Mania Left Behind – Advertising Is Dead. Long Live Advertising. – Microsoft Needs a Better Seat at OpenAI’s Table Opening Call: Stock futures wavered on Tuesday as…
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U.S. Stocks May See Further Downside In Early Trading
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to extend the mild pullback seen in the previous session. The downward momentum on Wall Street may reflect caution ahead of the release of several key economic reports in the coming days. On Thursday, the…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Today, all eyes are focused on U.S. CB consumer confidence data in a couple of hours. Economists, on average, forecast that November CB Consumer Confidence will stand at 101.0, compared to the previous figure of 102.6. Also, investors will likely focus on the U.S. S&P/CS HPI composite – 20 n.s.a, which came in at +2.2%…
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Tuesday’s Wall Street Highlights: Zscaler, Shein, 3M, Meta Platforms, and More
In the pre-market on Tuesday, U.S. index futures show uncertain movement, reflecting traders’ caution after significant gains achieved throughout November, which is nearing its close. As of 05:21 AM, Dow Jones futures (DOWI:DJI) rose 15 points, or 0.04%. S&P 500 futures fell 0.05% and Nasdaq-100 futures dropped 0.13%. The yield on 10-year Treasury bonds was…
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Shein Files For IPO Eyeing a Valuation Of Up To $90 Billion
A Shein, one of the world’s largest fast fashion platforms, has confidentially filed documents with U.S. regulators for an initial public offering (IPO) that could take place next year, according to a person familiar with the matter. The online retailer, founded in China but currently based in Singapore, is working with Goldman Sachs, JPMorgan Chase,…
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Black Friday Retail Sales Rise 2.5%
According to Mastercard SpendingPulse, Black Friday retail sales in the United States saw an increase this year, building upon the double-digit growth observed in 2022. The report from this payments technology company, which tracks retail sales both in physical stores and online across various payment methods, revealed that on Friday, November 24, U.S. retail sales,…