Category: Latest News
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Crypto This Thursday: LINK Fires Up, FCA Launches Digital Sandbox, Bitmain Revolutionizes Filecoin Mining, and More
FedNow: US instant payments service is about to launch, transforming the country’s payment system The FedNow instant payment service, powered by the US Federal Reserve (Fed), is about to launch, offering Americans the ability to send and receive funds in real time, 24 hours a day, 7 days a week. This initiative represents a significant development…
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Disappointing Tech Earnings May Lead To Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to give back ground after trending over the past several sessions. Technology stocks may lead an initial pullback on Wall Street amid a negative reaction to earnings news from companies like Netflix (NFLX) and Tesla…
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Netflix Shares Fall Despite Best Q2 Since The Pandemic
Netflix (NASDAQ:NFLX) shares are set for the largest fall this year following a lower than anticipated projection of Q3 earnings, eliciting a negative response from investors. The streaming giant’s attempts to curb password sharing and implement a new advertising strategy have yet to deliver the anticipated sales growth. On Wednesday, the revealed data led to…
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Thursday’s Wall Street Highlights: Tesla, Apple, TSMC, Netflix, Pfizer, J&J, and more
US Index Futures operate without a defined direction, as investors digest mixed earnings from last night and await more numbers. By 07:01 AM, Dow Jones futures (DOWI:DJI) were up 41 points, or 0.12%. S&P 500 futures were down -0.11%, while Nasdaq-100 futures were down -0.65%. The 10-year Treasury yield is at 3.789%. In Europe, the producer price…
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North American Morning Briefing: Nasdaq Futures Slide as Tesla, Netflix Underwhelm
Market Wraps Watch For: Weekly Jobless Claims; Existing Home Sales for June; Leading Indicators for June; earnings from American Airlines, Blackstone, Capital One Financial, Johnson & Johnson Today’s Headlines/Must Reads – Charles Schwab Survived the Deposit Crisis. What Comes Next? – Mining Deploys Innovative Tech to Find Copper, Other EV Metals – The Biggest Winners…
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US Futures, European Stocks Mixed as Earnings in Focus Ahead of Fed Decision Next Week
In the U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Hikma Pharmaceuticals rose 7.1% and IG Group Holdings climbed 4.8%. On…
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Top Company News of the Day: Nokia, TSMC, BHP, Netflix
Nokia Hit by Slowdown in US Spending Nokia’s second-quarter net profit fell 29% but came in slightly above forecasts, as macroeconomic uncertainty weighed on sales, while U.S. customers continued to cut spending. TSMC’s Second-Quarter Net Profit Fell 23% on Lower Revenue, Margins Taiwan Semiconductor Manufacturing Co. said its second-quarter net profit fell 23% from a…
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U.S. Stocks Once Again Reach Best Levels In Over A Year
Stocks fluctuated after an early move to the upside but largely managed to maintain a positive bias throughout the trading day on Wednesday. The major averages once again climbed to their highest closing levels in over a year. The major averages all closed in positive territory, although the tech-heavy Nasdaq inched up just 4.38 points…
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Crypto This Wednesday: Nasdaq Suspends Digital Asset Custody Launch, Argo Blockchain Sells Shares, and More
Nasdaq suspends launch of digital asset custody business Nasdaq (NASDAQ:NDAQ) has suspended the launch of its digital asset custody business due to regulatory risks in the United States. CEO Adena Friedman announced the decision during the second quarter earnings conference call, citing the changing regulatory and business environment. However, the company reiterated its commitment to digital asset…
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U.S. Stocks May Lack Direction Following Recent Strength
US Market The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the extended rally seen in the previous session. Traders may be reluctant to continue buying stocks as they take time to digest the strong upward move seen over…