Category: Latest News
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U.S. Stocks Move Back To The Downside Ahead Of Inflation Data
Stocks attempted to recover from initial weakness on Tuesday but moved back to the downside in the latter part of the session. The major averages all ended the day in negative territory, although the Dow posted a relatively modest loss. The tech-heavy Nasdaq slumped 144.28 points or 1.0 percent to 13,773.61, largely offsetting the strong…
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Crypto This Tuesday: PayPal Launches Crypto-Dollar Conversion, Franklin Templeton Submits BTC ETF, and More
Bitcoin movement follows varied perspectives On September 12, Bitcoin (COIN:BTCUSD) attempted to consolidate above $26,000, generating optimism among investors. Records indicated that Bitcoin maintained much of its 24-hour advance, reaching 5.5% at one point. Jelle, a renowned trader, showed enthusiasm for a retest of the $27,000 level. Meanwhile, Crypto Ed projected a possibility of reaching $28,000 in the…
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Keep An Eye Out: Pre-Market Movers And Recommendations
3M (NYSE:MMM): Melius Research maintains its hold recommendation with a reduced target price of $158. Adobe (NASDAQ:ADBE): RBC Capital maintains its outperform rating with a raised target price of $615. Air Products & Chemicals (NYSE:APD): Alembic Global Advisors maintains its overweight recommendation with a target price raised from $350 to $355. Block (NYSE:SQ): Baird downgrades…
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Looming Inflation Data May Lead To Initial Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to give back ground after ending the previous session mostly higher. Traders may look to cash in on yesterday’s gains ahead of the release of the Labor Department’s highly anticipated report on consumer price inflation on…
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Subscription Requests For Arm’s IPO Exceed The Offer By 10 times
The subscription to Arm Holdings Ltd’s initial public offering (IPO) has already exceeded the offering by 10 times, and the banks responsible for the operation plan to close the order book on Tuesday afternoon, a day earlier than planned, according to people familiar with the matter. Arm, controlled by SoftBank Group Corp, will close its…
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Tuesday’s Wall Street Highlights: Apple, Acelyrin, WestRock, Oracle, UPS, and more
US index futures are falling in Tuesday’s pre-market, with investors digesting European indicators waiting for American inflation, which will be released tomorrow and should give clues about the Federal Reserve’s next steps. At 7:01 AM, Dow Jones futures (DOWI:DJI) fell 46 points, or 0.13%. S&P 500 futures were down 0.14% and Nasdaq-100 futures were down 0.19%. The…
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America vs. Google: A Historic Trial for Monopolistic Practices in Online Searches
A historic trial begins today (12) in which the U.S. government accuses Google (NASDAQ:GOOG) of monopolistic practices in its search system. The United States will argue on Tuesday that Google did not play by the rules in its efforts to dominate online searches, as a trial seen as a battle for the soul of the…
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Amazon’s Inaugural Foray into Direct Air Capture Climate Technology: A Game-Changer in Emissions Reduction
Amazon.com (NASDAQ:AMZN), the e-commerce behemoth, has taken its inaugural step into direct air capture (DAC) technology, a process that removes emissions from the atmosphere. The company announced its commitment to purchase 250,000 tons of removal credits over the span of a decade, according to a statement released on Tuesday. These credits will be procured from…
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New Alibaba Group CEO Lays Out Strategic Priorities For Staff
Alibaba’s New CEO, Eddie Wu, Reveals Key Strategic Focus on “User First” and AI-Driven Initiatives Eddie Wu, the newly appointed CEO of Alibaba Group (NYSE:BABA), has outlined the tech giant’s primary strategic priorities in an internal letter reviewed by Reuters. Wu, who sent the communication on his third day as CEO, emphasized two core focuses:…
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Oracle’s Stock Takes a 9% Dive as Cloud Forecast Disappoints; Goldman Sachs Cautions on High Expectations
Oracle’s fiscal first-quarter results, which exceeded analysts’ expectations, were driven by businesses’ growing interest in developing generative artificial intelligence applications, leading to increased demand for cloud services. Although Oracle Corporation’s (NYSE:ORCL) shares initially dipped more than 3% in after-hours trading after the report, they fell as much as 9% following a cautious outlook provided by…