Category: Latest News
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Dell’s Profit Drops 10% in 2nd Fiscal Quarter of 2024
Dell (NYSE:DELL) reported a net profit of $455 million in the second fiscal quarter of 2024, a 10% decline compared to the $506 million reported in the same period the previous year. Shares of the company jumped 9.6% in premarket activity Friday. The result fell short of analysts’ expectations polled by FactSet, which were at…
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Samsung Joins Nvidia’s AI Vendor Roster, Shares Rise 6.13%
Shares of Samsung Electronics Co. (KOSPI:530036) surged over 6% on rumors that the company has secured the right to supply advanced memory chips to AI leader Nvidia Corp. (NASDAQ:NVDA). South Korea’s largest electronics company will begin supplying the HBM3 chip – a newer generation of memory optimized for working with AI accelerators – starting in…
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North American Morning Briefing: Jobs Report Eyed for Hiring Slowdown
Market Wraps Watch For: Employment Report for August; Construction Spending for July; ISM Report on Business Manufacturing PMI for August; Canada GDP for June Today’s Headlines/Must Reads – China Central Bank to Cut FX Reserves Ratio – The Generational Paradigm Shift Taking Over Markets – UAW Accuses GM, Stellantis of Unfair Labor Practices Opening Call:…
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US Futures Rise, European Stocks Mixed Ahead of Jobs Data
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Johnson Matthey added 11% and THG rose 3.2%. On the other…
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Top Company News of the Day: Tesla, Fortescue, Salzgitter, GM, Stellantis
Tesla Unveils New Model 3 in China With Longer Range-and a Steeper Price Tag The sleeker new version has a rear passenger screen and a refreshed range, but isn’t the cheaper offering that some company watchers had expected. Chinese Property Stocks Gain on Stimulus Measures Property stocks in mainland China gained after Beijing announced a…
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Nasdaq Extends Winning Streak But Dow, S&P 500 Give Back Ground
After failing to sustain an early move to the upside, stocks gave back ground over the course of the trading session on Thursday. The major averages pulled back well off their highs of the session, with the Dow and the S&P 500 ending the day in negative territory. The Dow jumped by nearly 180 points…
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Crypto This Thursday: Lufthansa Launches NFTs, Uniswap Acquitted in Court Case, and More
New York court classifies Ether and Bitcoin as ‘commodities’ and dismisses case against Uniswap A New York court has defined Ether (COIN:ETHUSD) and Bitcoin (COIN:BTCUSD) as commodities and has ruled out a class action lawsuit against cryptocurrency exchange Uniswap. The lawsuit alleged that Uniswap had violated US securities laws, but Judge Katherine Polk Failla stated that…
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U.S. Stocks May Extend Recent Upward Trend In Early Trading
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward trend seen over the past few sessions. The markets may benefit from recent upward momentum, which has propelled the major averages to a four-session winning streak. Recent economic data adding to optimism…
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PCE Rises 0.2% In July And Rises To 3.3% Year-On-Year; PCE Core Reaches 4.2%
The Personal Consumption Expenditure Price Index (PCE) in the United States increased by 0.2% in July in the monthly comparison, according to information released by the US Department of Commerce this Thursday (31). In June, the change was 0.2%. With this, the annual variation of the PCE was 3.3% in July, from 3.0% registered in…
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Initial claims for unemployment insurance fall to 228,000 in the US
The US Department of Labor announced on Thursday (31) that new jobless claims fell to 228,000 for the week ended August 26. The number was below market expectations, which expected 235,000 new orders. In the previous week, claims totaled 230,000, according to revised data.