Category: Latest News
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US Futures, European Stocks Slip
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average decreased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.6% in morning trading. SalMar climbed 3.5% and InPost rose 3.1%. On the other hand,…
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Top Company News of the Day: Siemens, Alstom, SpaceX, Dominion
European Rail Giants Fight for Slice of U.S. High-Speed Train Line Siemens and Alstom are vying to supply trains for a planned Los Angeles to Las Vegas link. Chinese Property Stocks Jump Amid Hopes for More Stimulus Chinese property stocks jumped amid hopes of more property-market stimulus ahead and a state-owned media report saying Beijing…
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U.S. Stocks Close Lower On Growth Worries
U.S. stocks closed lower on Tuesday, after posting some strong gains last week. The major averages all ended in negative territory, although the Nasdaq managed to see a few brief spells above the flat line. The Dow ended with a loss of 195.74 points or 0.56 percent at 34,641.97. The S&P 500 settled lower by…
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Crypto This Tuesday: Visa Extends USDC Support in Solana, Stake Rebounds After Attack, and More
Bitcoin holds steady under $26,000 after pending SEC decision Bitcoin (COIN:BTCUSD) performed subduedly earlier in the week, with values fluctuating between $25,500 and $25,750, while initial excitement sparked by the SEC review of Grayscale Investments’ rejection of its application for a Bitcoin ETF decreased. BitGo and Hana Bank enter strategic partnership in cryptocurrency custody Cryptocurrency…
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Futures Pointing To Modestly Lower Open On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to give back ground after moving sharply higher last week. Concerns about the outlook for the global economy may weigh on Wall Street following the release of disappointing Chinese and European data. Chinese services activity…
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Goldman Sachs Lowers U.S. Recession Probability and Predicts Gradual Rate Cuts
Goldman Sachs has revised its forecast for the probability of a U.S. recession starting within the next 12 months, reducing it from 20% to 15%. The adjustment is attributed to the ongoing positive trends in inflation and labor market data, as highlighted in a note by Jan Hatzius, Chief Economist at Goldman Sachs. The investment…
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U.S. Banks Increasing Cash Reserves Amid Economic Concerns and Regulatory Pressures
U.S. banks are stockpiling significant amounts of cash as a precaution against a slowing economy, ongoing deposit outflows, and impending stricter liquidity regulations that could impact mid-sized banks disproportionately. This cautious approach is driven by the banking sector’s attempt to stabilize itself following a series of bank failures earlier in the year, which has resulted…
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Keep An Eye Out: Pre-Market Movers And Recommendations
American Express (NYSE:AXP): RBC Capital upgrades to outperform from sector perform. PT up 1.5% to $200. Avalonbay Communities (NYSE:AVB): BMO Capital Markets downgrades to outperform from market perform. PT down 2.3% to $210. Biogen Inc (NASDAQ:BIIB): Morgan Stanley maintains an overweight/attractive rating with a target price raised from $363 to $381. Canadian National Railway (NYSE:CNI):…
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Tuesday’s Wall Street Highlights: Goldman Sachs, Airbnb, Tesla, Novo Nordisk, and more
US index futures are lower in premarket trading on Tuesday, influenced by a series of PMI index announcements from various countries, which gauge the activity of specific sectors. By 6:52 AM, Dow Jones Futures (DOWI:DJI) were down 3 points, or 0.01%. S&P 500 futures were down 0.11% and Nasdaq-100 futures were down 0.21%. The yield on the…
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North American Morning Briefing: Chinese Data Sours Mood
Market Wraps Watch For: Factory Orders for July Today’s Top Headlines/Must Reads: – How Slowing Inflation Can Hit Corporate Profits – Utility Stocks Can’t Compete in a World Awash With Yield – China’s Country Garden Makes Overdue Dollar-Bond Payments, Narrowly Avoiding Default Opening Call: Stock futures and Treasury bonds lost some ground on Tuesday after…