Category: Latest News
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Top Company News of the Day: Tesla, Clear Channel Outdoor, Nike, Hot Energy
Tesla Is Accused of Racial Harassment at California Factory The EEOC sued Elon Musk’s EV company, alleging Black employees were subjected to a hostile work environment. Clear Channel Outdoor to Pay $26 Million in China Bribery Probe Settlement The deal with the SEC resolves an investigation into lavish gifts a Chinese subsidiary allegedly gave to…
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U.S. Stocks Move To The Upside As Treasury Yields Give Back Ground
After ending Wednesday’s volatile session narrowly mixed, stocks moved mostly higher during trading on Thursday. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the advance. While the Nasdaq climbed 108.42 points or 0.8 percent to 13,201.28, the S&P 500 increased 25.19 points or 0.6 percent to 4,299.70…
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Crypto this Thursday: Coinbase Obtains License in Bermuda, Tottenham Launches Fan Token, and more
VanEck prepares to launch Ethereum futures ETF Asset manager VanEck, with a $77.8 billion portfolio, plans to launch the VanEck Ethereum Strategy ETF (EFUT), focused on Ethereum futures, amid growing demand for Ethereum-based funds (COIN:ETHUSD). EFUT will invest in ETH futures contracts, settled in cash and traded on exchanges registered with the CFTC, and will be…
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GDP Has Been Confirmed At 2.1% For The Second Quarter; Weekly Jobless Claims Edge Higher
The Gross Domestic Product (GDP) for the second quarter of 2023 in the United States showed an increase of 2.1% when considering the annualized rate, according to the third reading released by the Bureau of Economic Analysis on Thursday, the 28th. There were no revisions compared to the second reading. In the first quarter, the…
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Powell Remarks After The Close May Keep Traders On The Sidelines
US Market The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction in early trading. Traders may be reluctant to make significant moves as they look ahead to remarks by Federal Reserve Chair Jerome Powell, which are set to kick off…
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Thursday’s Wall Street Highlights: HSBC, Meta, Ryanair, Peloton, Micron, and more
US index futures were mixed in Thursday’s pre-market as investors approached the final days of trading in a challenging month and quarter economically and financially. At 7:05 AM, Dow Jones futures rose 35 points, or 0.10%. S&P 500 futures were up 0.06%, while Nasdaq-100 futures fell 0.10%. The yield on 10-year Treasury bonds stood at…
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North American Morning Briefing: Rising Oil Prices Keep Treasury Yields High
Market Wraps Watch For: Weekly Jobless Claims; third estimate for 2Q GDP; Speeches by Jerome Powell and Lisa Cook; Earnings from Nike Today’s Top Headlines/Must Reads: – Standoff in Congress Brings Government to Brink of Shutdown – Companies Find a Fundraising Sweet Spot With Convertible Bonds – More CFOs Pull Back Spending Plans Due to…
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US Futures, European Stocks Mixed
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. Etablissementen Franz Col rose 11.2% and Deliveroo added 9.7%. On the other…
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Top Company News of the Day: Evergrande, Citi, Diageo, X, Apple
China Evergrande Shares Suspended After Reports of Founder’s Disappearance Trading in the shares of China Evergrande and two of its publicly listed units was suspended following reports that the property developer’s chairman had been placed under police surveillance. Citi Planning to Sell China Retail-Wealth Unit to HSBC Citigroup is in talks to sell its retail-wealth…
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U.S. Close Narrowly Mixed Following Volatile Trading Session
Following the sell-off seen during Tuesday’s session, stocks saw substantial volatility over the course of the trading day on Wednesday. The major averages spent the day showing wild swings back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow slipped 68.61 points or 0.2 percent to…