Category: Latest News
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Crypto This Friday: XRP Jumps After Victory Against SEC, Multichain Shuts Down Trades, and More
Ripple’s XRP rises over 60% after partial victory against SEC, reclaiming fourth place in market cap Ripple’s cryptocurrency XRP (COIN:XRPUSD) has seen a surge of over 60% after a partial victory against the SEC, ending a three-year lawsuit. This led to a $73.5 billion increase in the total cryptocurrency market cap, with XRP overtaking BNB (COIN:BNBUSD)…
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Upbeat Earnings News May Lead To Extended Rally On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the rally seen over the past several sessions. Ongoing optimism about the Federal Reserve being close to ending its monetary policy tightening may contribute to continued strength on Wall Street following recent encouraging inflation…
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Friday’s Wall Street Highlights: JPMorgan Chase, Coinbase, UPS, Theseus Pharmaceuticals, and more
US Index Futures are mixed in premarket trading on Friday, with some correction from recent gains as investors await the start of earnings season in the United States. By 6:47 AM, Dow Jones futures (DOWI:DJI) rose 109 points, or 0.32%. S&P 500 futures were up 0.04%, while Nasdaq-100 futures fell -0.09%. The 10-year Treasury yield is at…
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North American Morning Briefing: Bank Results in Focus
Market Wraps Watch For: University of Michigan Preliminary Consumer Survey for July; Earnings From JPMorgan Chase; Citigroup; Wells Fargo; BlackRock; UnitedHealth Today’s Top Headlines/Must Reads: – The Real Fed Debate This Month: What Would Prompt a Rate Hike This Fall – If You Find the Economy Confusing, Don’t Worry: It Is – Bob Iger Isn’t…
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US Futures Fall, European Stocks Mixed as Markets Await Earnings Season
In the U.S. futures for the S&P 500 were down 0.1% 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 was flat in morning trading. Orkla added 4.4% and Dr. Martens climbed 3.7%. On the other…
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Top Company News of the Day: Roivant, Microsoft, Johnson & Johnson, Ripple
Roivant in Talks to Sell Stomach Drug to Roche in Deal Valued at More Than $7 Billion Roivant, started by presidential candidate Vivek Ramaswamy, could seal a deal in coming days. FTC Continues Fight to Block Microsoft’s $75 Billion Deal for Activision The agency is asking for a stay that could keep the deal from…
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U.S. Stocks Extend Upward Move On Additional Encouraging Inflation Data
Stocks moved mostly higher during trading on Thursday, adding to the gains posted over the past few sessions. With the continued upward move, the Nasdaq and the S&P 500 once again reached their best closing levels in over a year. The major averages gave back some ground going into the close but remained in positive…
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Crypto This Thursday: Binance Announces Hard Fork, Former Celsius CEO Arrested, and More
Europe prepares for the launch of the first Bitcoin ETF Europe is about to receive its first Bitcoin Exchange Traded Fund (ETF) after a twelve month delay. Jacob Asset Management Group initially gained Guernsey Financial Services Commission (GFSC) approval in October 2021, but has faced setbacks due to exceptional market conditions. The ETF, which was scheduled to…
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Futures Pointing To Continued 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 extend the upward trend seen over the past several sessions. Additional buying interest may be generated in reaction to a Labor Department report showing producer prices in the U.S. inched up by slightly less than…
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Thursday’s Wall Street Highlights: Alphabet, Disney, Viasat, Pepsico, Delta, Tesla, and more
US Index Futures are operating higher on Thursday, as are European markets, with investors paying attention to US jobless insurance data and reacting to news of a trade surplus below expectations in China. By 6:58 AM, Dow Jones (DOWI:DJI) futures were up 62 points, or 0.18%. S&P 500 futures were up 0.33%, while Nasdaq-100 futures were up…