Category: Latest News
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
December S&P 500 futures (CCOM:US500) are down -0.15%, and December Nasdaq 100 E-Mini futures (CCOM:US100) are down -0.16% this morning as investors digested weak Chinese trade data and comments from a Federal Reserve policymaker that tempered expectations of speedy interest rate cuts by the U.S. central bank. Third-quarter earnings season continues, and investors anticipate new reports…
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Baidu Places Order for Huawei AI Chips Instead of Nvidia Sources
Baidu (NASDAQ: BIDU) commissioned artificial intelligence chips from Huawei this year, said two people familiar with the matter, adding to signs that U.S. pressure is leading China to embrace the company’s products as an alternative to Nvidia (NASDAQ: NVDA). One of the sources said that Baidu, one of China’s leading AI companies operating the large…
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Nike Files Federal Lawsuits Against New Balance and Skechers Over Patent Infringement
Nike, the footwear giant (NYSE: NKE), filed federal lawsuits this Monday against rivals New Balance and Skechers, accusing them of infringing patents related to Nike’s technology for manufacturing the upper part of sneakers. The lawsuits claim that various New Balance athletic shoes and Skechers sneakers (NYSE: SKX) improperly utilize Nike’s patented “Flyknit” technology for running,…
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UBS Reports Q3 Loss Amidst Credit Suisse Integration Challenges
UBS Group (NYSE: UBS) reported a loss of $785 million in the third quarter on Tuesday, after accounting for $2.1 billion in expenses related to the acquisition of the fallen rival Credit Suisse by the Swiss bank. The figure is compared to the $444 million loss attributed to shareholders estimated by analysts in a UBS…
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US Futures Slip, European Stocks Mostly Flat
U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average fell 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Sinch added 16.6% and Associated British Foods rose 6.5%. On the other hand,…
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Top Company News of the Day: UBS, Aramco, Nintendo, WeWork
UBS Reports Loss as Credit Suisse Costs Weigh UBS swung to a wider-than-expected net loss in the third quarter, as Credit Suisse integration-related expenses weighed. Aramco Profits Fall on Lower Prices Saudi Arabia’s national oil company reported a drop in third-quarter profits to $33 billion due to lower energy prices and volumes sold. Nintendo Raises…
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U.S. Stocks Finish Lackluster Session Modestly Higher
After moving sharply higher over the course of the previous week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages spent most of the day lingering near the unchanged line before closing modestly higher. While the Nasdaq climbed 40.50 points or 0.3 percent to 13,518.78 and the S&P 500 rose…
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Crypto This Monday: XRP Hits 3-Month High, Telegram to Launch Crypto Wallet, and More
Bitcoin maintains gains on hopes of favorable monetary policy Bitcoin (COIN:BTCUSD) and other cryptocurrencies remained stable after a recovery, with optimism that the Fed may stop raising interest rates. Bitcoin fluctuated slightly, staying above $35,000, far from the lows of May 2022, reflecting an increase of about 30% in weeks. Confidence is returning to the…
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Traders May Take A Breather To Digest Recent Surge
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the strong upward move seen last week. Traders may be reluctant to make significant moves as the digest last week’s rally, which reflected easing concerns about the outlook…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
In the coming week, investors will be monitoring a spate of economic data, including the U.S. Exports, Imports, Trade Balance, Wholesale Inventories, Crude Oil Inventories, Initial Jobless Claims, and Michigan Consumer Sentiment (preliminary). In addition, several Fed officials will be making appearances this week, including Cook, Waller, Williams, Logan, and Jefferson. In other news, oil…