Category: Latest News
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US Futures, European Stocks Rise
In the U.S. futures for the S&P 500 were up 0.6% and futures for the Dow Jones Industrial Average climbed 0.6%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.6% in morning trading. Knorr-Bremse rose 5% and Quilter added 3.6%. On the other hand,…
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Top Company News of the Day: Near Deal, Disney, Siemens, Novo Nordisk
Coach Owner Near Deal to Take Over Parent of Michael Kors, Versace The deal would be one of the biggest fashion tie-ups in recent years. Disney Gets Iger’s Second Show on the Road The entertainment giant used an eventful quarterly report to announce a boost to some of its streaming prices. Disney to Significantly Raise…
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U.S. Stocks Move To The Downside Ahead Of Inflation Data
Stocks fluctuated over the course of the trading session on Wednesday before ending the day mostly lower. The major averages all moved to the downside, with the Nasdaq and the S&P 500 falling to their lowest closing levels in a month. The major averages came under pressure going into the close, finishing the session firmly…
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Crypto this Wednesday: SpiritSwap Closes Operations, Aptos Labs and Microsoft Partner, and More
Bitcoin teeters near $30,000 as investors watch US inflation Bitcoin approached $30,000 on Wednesday morning as investors await the US July Consumer Price Index (CPI). Core inflation, excluding food and energy, is expected to reach 0.4%, indicating lower inflation, which may reduce the chances of a Federal Reserve rate hike. Analyst Oliver Rust predicts a rise in…
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Traders May Continue To Pick Up Stocks At Relatively Reduced Levels
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after ending the previous session mostly lower. Stocks may attempt to extend the recovery attempt seen following the sharp pullback in early trading on Tuesday. The major averages regained ground…
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Lyft’s Competitive Pricing Strategy Raises Concerns Over Profitability; Lyft’s Shares Tumbled Nearly 8%
Lyft’s recent decision to prioritize competitive pricing as a strategy to gain market share has resulted in a nearly 8% decline in its share value. Market participants are expressing concerns regarding the company’s road to profitability amid these pricing changes. Both Lyft and Uber, its principal competitor, are navigating the post-pandemic recovery phase, and the…
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Wednesday’s Wall Street Highlights: Amazon, Disney, Upstart, Doximity, Toast, WeWork and more
US index futures were higher in premarket trading on Wednesday, moving to recover from recent losses as investors digested the tax cut on banks in Italy and data in China. By 6:42 AM, Dow Jones futures (DOWI:DJI) were up 62 points, or 0.18%. S&P 500 futures and Nasdaq-100 futures were up 0.25% each. The 10-year Treasury yield…
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WeWork Says It’s Not Sure It Can Continue To Operate; Stock Drops 24%
WeWork (NYSE:WE) has stated that there is “substantial doubt” over its ability to continue to operate, citing continued losses and increased member cancellations of its office spaces. The shares fell 23.74% in after-hours trading after the market closed on Tuesday (8). In the year, the drop in quotations is around 85%, with the share traded…
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After Intel And Nvidia, Arm Invites Amazon As Anchor Investor For Its IPO
Amazon (NASDAQ:AMZN) could join other tech companies as an anchor investor in the initial public offering of Arm Ltd., a Softbank-backed chip designer looking to raise as much as $10 billion in its public offering, according to sources familiar with the situation. Amazon is one of several tech companies that have spoken with Arm about…
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North American Morning Briefing: Traders Absorb News of China Deflation
Market Wraps Watch For: EIA Weekly Petroleum Status Report; Earnings from Disney, Roblox, Penn Entertainment, Wynn Resorts Today’s Top Headlines/Must Reads: – U.S. to Ban Some Investments in China – Banks’ Problems Aren’t Over, According to the Bond Market – Japanese Carmakers See Next Few Years as Fight for Survival in China Opening Call: Stock…