Category: Latest News
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Crypto this Wednesday: BTC Maintains Stability; Reaction to Moonbeam, Tellor and Bone Tokens, and more
Bitcoin maintains stability amid market turmoil Despite the turmoil in conventional markets and the decline in stocks on Tuesday, Bitcoin (COIN:BTCUSD) and other cryptocurrencies remained largely stable or saw small increases on Wednesday. This could signal a period of relative stability for Bitcoin or indicate concerns for the crypto market. Bitcoin, in particular, has remained around $26,000…
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Bargain Hunting May Contribute To Initial Rebound On Wall Street
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. Traders may make another attempt at bargain hunting, picking up stocks at reduced levels following the steep losses posted on Tuesday. The sharp decline in…
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Oil Prices Climb $1 As Markets Focus On Supply Tightness
Oil prices surged by over $1 on Wednesday, with the market’s attention firmly fixed on supply constraints leading into the winter months and the prospect of a “soft landing” for the U.S. economy. Brent crude futures (CCOM:OILBRENT) advanced to $95, marking a gain of $1.14 and reaching $95.10 per barrel. Simultaneously, U.S. West Texas Intermediate…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Don’t Trade Without Seeing The Orderbook Blackstone (NYSE:BX): BNP Paribas Exane maintains its neutral recommendation with a price target raised from $98 to $103. Cardinal Health (NYSE:CAH): Baptista Research downgrades to underperform from hold with a price target reduced from $90.10 to $78.70. Costco Wholesale (NASDAQ:COST): Raymond James maintains its outperform rating and raises the…
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Tritium Reports Record Revenue And Plans For Growth Amid New Partnerships
Tritium (NASDAQ:DCFC), a prominent provider of electric vehicle (EV) charging solutions, has reported record-breaking revenue for the fiscal year ending on June 30, 2023, reaching an impressive $185 million, marking a substantial 115% year-over-year increase. Notably, the company has also achieved a substantial enhancement in its gross margin, which reached 4% for the initial half…
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Wednesday’s Wall Street Highlights: Amazon, Costco, Sirius XM, Electronic Arts, Peloton, and more
US Index Futures are trending upward on Wednesday, reflecting the possibility of new stimuli in China and a temporary agreement to maintain U.S. government funding, with Wall Street aiming to recover from significant declines in the previous session. As of 06:55, Dow Jones futures (DOWI:DJI) rose 88 points, or 0.26%. S&P 500 futures increased by…
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North American Morning Briefing: Stock Futures Helped by Retreating Bond Yields
Market Wraps Watch For: Durable Goods for August, EIA Weekly Petroleum Report; Earnings from Micron Technology Today’s Top Headlines/Must Reads: – The Stock Market Has an Earnings Problem – Chinese Central Bank Vows to Step Up Policy Support – This Ford vs. GM Feud Could Shape the Future of EVs in America Opening Call: A…
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US Futures Rise, European Stocks Mostly Flat
In the U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average rose 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. Adyen added 4.2% and Dometic Group climbed 4.1%. On the other…
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Top Company News of the Day: Samsung, CIFI, TikTok, Musk
Samsung SDI to Invest $2 Billion in Second Stellantis Battery JV Plant The plant aims to start mass production in 2027, with an annual production capacity of 34 gigawatt hours. Chinese Developer CIFI Drops After Swing to Net Loss Shares in CIFI Holdings slid as the company resumed trading after reporting a first-half net loss…
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Worries About Interest Rates, Economy Lead To Sell-Off On Wall Street
Stocks moved sharply lower over the course of the trading day on Tuesday, more than offsetting the moderate rebound seen during Monday’s session. The major averages all showed significant moves to the downside, falling to their lowest closing levels in over three months. The major averages climbed off their worst levels going into the close…