Category: Latest News
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Crypto This Thursday: Bruce Lee into the Metaverse, Optimism trumps Arbitrum, and more
Bitcoin and Ether futures contracts on CME draw record participation from major traders In the second quarter, regulated bitcoin ( COIN:BTCUSD ) and ether ( COIN:ETHUSD ) futures on the Chicago Mercantile Exchange (CME) saw record participation from large traders. The average of large open interest holders for Bitcoin futures was 107, while for Ether it was 62. Institutional interest…
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New York Stocks Rise Supported By ‘Big Techs’
Wall Street’s main stock indexes rose on Wednesday, supported by ‘big techs’, who advance in the wake of the disclosure of balance sheets. Thus, the Nasdaq is the positive highlight of the trading session. One day after the Federal Reserve (Fed) raised interest rates as expected, the risk sentiment is also supported by the Gross…
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Upbeat Earnings, Economic News May Lead To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see initial strength after ending the previous session little changed. Early buying interest is likely to be generated in reaction to upbeat earnings news, with Facebook parent Meta Platforms (META) poised to lead an early…
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Thursday’s Wall Street Highlights: Salesforce, Mattel, Shell, Meta, McDonald’s, and more
US Index Futures rose on Wednesday morning, buoyed by quarterly results and awaiting Gross Domestic Product (GDP) data. European markets also operate high on Thursday, a day after the Federal Reserve raised interest rates in the United States and awaiting the decision of the European Central Bank (ECB). By 6:58 AM, Dow Jones (DOWI:DJI) futures were up…
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With Profit Of US$ 7.7 Billion, Meta Resumes Growth In The 2nd Quarter
Shares in Meta Platforms were up more than 8% before US markets opened, compared with revenue forecast to rise by as much as 20% this quarter. With a 16% increase in net profit and 11% in net revenue in the three months ended June 30, Meta Platforms (NASDAQ:META), owner of social networks Facebook, Instagram, Threads…
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North American Morning Briefing: Stock Futures Rise on Fed Hopes, Meta Boost
Market Wraps Watch For: Durable Good for June; Weekly Jobless Claims; Advance Estimate for GDP 2Q; earnings from AbbVie, Bristol Myers Squibb, Comcast, Ford, Honeywell, Intel, Mastercard, McDonald’s, Mondelez, Royal Caribbean, T-Mobile Today’s Headlines/Must Reads – What Fed Hikes? Much of America’s Consumer Debt Is Still Riding Ultralow Rates – The Economy Has Defied Expectations.…
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US Futures, European Stocks Mixed With ECB Outlook in Focus
In the U.S. futures for the S&P 500 were up 0.3% 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 0.4% in morning trading. Inchcape rose 11.3% and SEB added 7.8%. On the other hand, Teleperformance…
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Top Company News of the Day: Volkswagen, Shell, Nestlé, BNP Paribas
Volkswagen Lowers Delivery Targets as Supply-Chain Issues Persist The German car giant said logistics bottlenecks are shifting from semiconductor shortages to transportation delays. Shell Earnings Drop From Record, Fall Short of Hopes Shell reported a steep drop in its second-quarter adjusted earnings to $5 billion, but cash flow from operations improved 7%, and it said…
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U.S. Stocks Close Little Changed Following Post-Fed Volatility
Stocks saw typically volatility following the Federal Reserve’s highly anticipated monetary policy announcement on Wednesday. The major averages showed wild swings before ending the day narrowly mixed. While the Dow rose 82.05 points or 0.2 percent to 35,520.12, extending its winning streak to 13 sessions, the S&P 500 edged down 0.71 points or less than…
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Coca-Cola Net Profit Rises 34% In The 2nd Quarter to $2.547 Billion
Coca-Cola (NYSE:KO) reported net income of US$ 2.547 billion in the second quarter of 2023, which represents an increase of 34% compared to the same period of the previous year. On the same basis of comparison, revenue totaled US$ 11.972 billion, an increase of 6%. The results reflect the increase in sales, the consumer base…