Category: Latest News
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US Futures Flat, European Stocks Mixed as Central Bank Meetings Loom
In the U.S. futures for the S&P 500 were flat 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 0.2% in morning trading. Just Eat Takeaway.com rose 6.2% and Delivery Hero added 5.6%. On the other…
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Top Company News of the Day: Goldman Sachs, GreenSky, Ford, Philip Morris, Boeing
Goldman Sachs in Advanced Talks to Sell GreenSky in Big Step in Consumer Retreat The bidding group includes Sixth Street, Pimco and KKR. Ford Reaches Tentative Deal With Canadian Auto Union Ford averts a second strike, as it confronts a continuing walkout with the UAW. Marlboro Maker Hits Reset on $2 Billion Bet on Medicine…
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U.S. Stocks Climb Well Off Worst Levels But Still Close Modestly Lower
After coming under pressure early in the session, stocks regained some ground over the course of the trading day on Tuesday but still closed modestly lower. The major averages all finished the day in the red, with the tech-heavy Nasdaq falling to its lowest closing level in almost a month. The major averages remained stuck…
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Crypto This Tuesday: TON and CANTO Jumped On The Week, USDC Expanded on Polkadot, and More
Circle launches USDC stablecoin on Polkadot ecosystem Stablecoin issuer Circle has introduced USDC (COIN:USDCUSD), a dollar-backed stablecoin, to the Polkadot ecosystem, expanding its presence on new blockchains. Polkadot is a platform that integrates specific blockchains, known as parachains. The native version of USDC has been launched on Polkadot Asset Hub, facilitating its transfer between parachains. Thus, all blockchains…
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Choppy Trading Likely To Persist On Wall Street
US Market The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to extend the lackluster performance seen in the previous session. Traders may continue to stick to the sidelines as they await the Federal Reserve’s highly anticipated monetary policy announcement on Wednesday. While the Fed is…
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Tuesday’s Wall Street Highlights: Alphabet, TSMC, Instacart, Toyota, Rackspace Technology, and more
US index futures are slightly higher in Tuesday’s pre-market, a day before Federal Reserve’s decision on monetary policy, with interest rates forecast to remain between 5.25% and 5.50%. Meanwhile, in the euro zone, the latest reading showed more moderate inflation. At 7:04 AM, Dow Jones futures (DOWI:DJI) rose 30 points, or 0.09%. S&P 500 futures rose 0.11%…
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Instacart Raises $660 Million In IPO And Reaches Its Goal With A Market Recovery
The food delivery company Instacart (NASDAQ:CART) has priced its initial public offering (IPO) at the upper end of a previously announced range, raising $660 million in what constituted the second IPO in the US in just one week. The San Francisco-based company managed to sell 22 million shares at $30 each yesterday, according to a…
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Keep An Eye Out: Pre-Market Movers And Recommendations
U.S. futures are indicating a positive start, as markets anticipate that Federal Reserve policymakers will maintain current interest rates following a much-awaited policy-setting meeting starting on Tuesday. Additionally, Instacart shares are set to begin trading in New York after pricing its initial public offering (IPO) at the upper end of the target range. Meanwhile, the…
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Fed Should Keep Interest Rates Unchanged And Leave The Door Open For Hikes Later This Year
The Federal Reserve is expected to keep US interest rates unchanged in Wednesday’s decision, according to the Refinitiv consensus, and leave the way open for a rise in Fed Funds later this year, after recent indicators point to the acceleration of consumer inflation in the United States. United. The Federal Open Market Committee (FOMC) begins…
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North American Morning Briefing: Stock Futures Lack Momentum as Fed Decision Looms
Market Wraps Watch For: Housing Starts for August; Canada Consumer Price Index for August; Instacart IPO Today’s Top Headlines/Must Reads: – American Business Confidence in China Slumps to Lowest in Decades – UAW Strike Collides With Biden’s Manufacturing Agenda – Auto Loans Pass Student Loans in Consumer Debt Load, Fed Data Shows Opening Call: Stock…