Category: Latest News
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Top Company News of the Day: Microsoft, CVS Caremark, Thales, Disney
Microsoft Can Close Its $75 Billion Buy of Activision Blizzard, Judge Rules The companies can complete the deal before a Federal Trade Commission hearing that is scheduled for August. CVS Caremark Delays Block Customers From Their Prescriptions The business, which manages drug benefits for millions of Americans, said it resolved a system issue and is…
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U.S. Stocks Move Mostly Higher Ahead Of Inflation Data
Stocks moved mostly higher over the course of the trading day on Tuesday, adding to the modest gains posted in the previous session. The major averages all moved to the upside, further offsetting the pullback seen last week. The major averages reached new highs for the session going into the close. The Dow jumped 317.02…
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Crypto This Tuesday: Axelar Joins Forces With Microsoft, Algofi Ends DeFi Protocol, and More
Axelar joins forces with Microsoft to connect public and private blockchains Axelar, a cross-chain protocol, has partnered with Microsoft (NASDAQ:MSFT) to connect public and private blockchains. Axelar will be listed on Microsoft’s Azure marketplace, allowing it to reach thousands of companies using the Azure cloud service. The collaboration aims to integrate established Internet technologies with public blockchains,…
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North American Morning Briefing: Beijing Boost Supports Mood; CPI Still The Main Event
Market Wraps Watch For: NFIB Index of Small Business Optimism for June Today’s Top Headlines/Must Reads: – Historic Rate Increases Leave Some on Wall Street Wanting More – China’s Reopening Trade Is Fizzling Out – The Next Challengers Joining Nvidia in the AI Chip Revolution Opening Call: Stock futures were mixed on Tuesday as investors…
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US Futures, European Stocks Mixed
In the U.S. futures for the S&P 500 were up 0.1% 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 0.5% in morning trading. Kingspan Group rose 10.7% and Dr. Martens rose 5.8%. On the other…
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Top Company News of the Day: Nvidia, Amazon, Daimler Truck, ANZ
The Next Challengers Joining Nvidia in the AI Chip Revolution The company has emerged as the hardware victor during the early days of the artificial-intelligence revolution. Who else in the chip world can cash in, too? Amazon’s Prime Day to Test Consumer Demand The indicator of shopping patterns arrives this year after a period of…
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U.S. Stocks Close Higher After Lackluster Session
U.S. stocks ended higher on Monday with the Dow outperforming the other major averages in a somewhat lackluster session. While the Dow stayed positive right through the day’s session, the S&P 500 fell into the red around noon before recovering to move higher, and the Nasdaq spent much of the session in negative territory. The…
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Crypto This Monday: 24 CBDCs by 2030, Standard Chartered BTC Price Prediction, and more
Miners face Bitcoin halving challenges The upcoming Bitcoin halving (COIN:BTCUSD), scheduled for April 2024, may pose more challenges for cryptocurrency miners compared to previous halvings. Mining experts say that around half of miners will struggle due to high electricity costs and accumulated debt. Previous halvings have been followed by big Bitcoin price rallies, but the upcoming halving…
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Time Marches On, But Old Problems Persist, And New Ones Emerge
Although the PCE index, closely watched by the Federal Reserve, fell to 4.2% year-on-year in March from 5% in February, core inflation, which excludes food and energy, came in at 4.6% year-on-year, only 0.1% lower than in February. The situation in the energy markets is also not encouraging: the further rise in oil prices triggered…
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Looming Inflation Data May Lead To Choppy Trading On Wall Street
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the notable pullback seen in the previous week. Traders may be reluctant to make significant moves ahead of the release of closely watched data on consumer and producer…