Category: Latest News
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US Initial Jobless Claims Increase Less Than Expected
In the week ending September 30, initial jobless claims in the United States increased to 207,000, up slightly from the revised upward figure of 205,000 reported in the previous week. This was slightly below the analyst consensus, which had anticipated a larger rise to 210,000 as of 7:15 am ET. However, there was a more…
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Thursday’s Wall Street Highlights: Orchard Therapeutics, Exxon Mobil, Alphabet, Ford, and more
US index futures are down in Thursday’s pre-market trading, with Wall Street struggling to sustain the positive momentum from the previous session, as investors await crucial labor market data. At 06:47 AM, Dow Jones futures (DOWI:DJI) were down by 78 points, or 0.23%. S&P 500 futures fell 0.20% and Nasdaq-100 futures were down 0.12%. The…
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North American Morning Briefing: Stock Futures, Bonds Steady Ahead of More Jobs Data
Market Wraps Watch For: Trade for August; Weekly Jobless Claims; Canada Trade for August; Fed speak from Mary Daly, Loretta Mester Today’s Top Headlines/Must Reads: – Rising Interest Rates Mean Deficits Finally Matter – Amazon, Microsoft Face UK Competition Probe Over Cloud Dominance – FTX Employees Found Alameda’s Secret Backdoor Months Before Collapse Opening Call:…
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US Futures Slip, European Stocks Mixed
In the U.S. futures for the S&P 500 were down 0.3% 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 gained 0.2% in morning trading. Pandora added 7.6% and Bawag Group rose 6.3%. On the other…
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Top Company News of the Day: Exxon, Doosan Robotics, Canva, Casino
Exxon expects profit bump from oil prices of around $1 billion in third quarter Exxon Mobil Corp. said in a filing late Wednesday that its third-quarter profit is likely to get a bump of roughly $1 billion from rising crude prices. Doosan Robotics Shares Surge in South Korea Debut Shares of Doosan Robotics surged in…
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U.S. Stocks Close Mostly Higher As Treasury Yields Pull Back Off 16-Year Highs
After turning in a lackluster performance early in the session, stocks moved mostly higher over the course of the trading day on Wednesday. The major averages all moved to the upside on the day, bouncing off their lowest closing levels in four months. The major averages all finished the day firmly positive, with the tech-heavy…
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Crypto This Wednesday: Ripple Obtains License in Singapore, El Salvador Begins Local BTC Mining, and More
Jury selected for Sam Bankman-Fried criminal case Twelve jurors have been selected for Sam Bankman-Fried’s criminal case, including a medical assistant, a librarian and a nurse. Data analysts at Nansen revealed details about the close relationship between FTX and Alameda Research, both founded by Bankman-Fried, with suspicious transfers of FTT tokens (COIN:FTTUSD) and the companies’ great…
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Traders May Go Bargain Hunting Following Recent Weakness
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground following the sell-off seen in the previous session. Bargain hunting may contribute to initial strength on Wall Street, as some traders pick up stocks at reduced levels. The steep drop seen on Tuesday,…
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US Private Employment Disappoints
Private businesses in the US hired 89K workers in September 2023, the least since January 2021 when private employers shed jobs, and well below market forecasts of 153K. It follows a revised 180K increase in August, compared to an initial 177K. The services sector added 81K jobs, namely financial activities (17K) and education and health…
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Keep An Eye Out: Pre-Market Movers And Recommendations
ANALYST RECOMMENDATIONS: Biogen (NASDAQ:BIIB): RBC Capital maintains its outperform rating and reduces the target price from $357 to $351 Cbre (NYSE:CBRE): Raymond James maintains its strong buy recommendation and reduces the target price from $100 to $95. Csx (NASDAQ:CSX): Barclays maintains its overweight recommendation and reduces the target price from $40 to $38. Diamondback (NASDAQ:FANG):…