Category: Latest News
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North American Morning Briefing: Chip Stocks Take Beating on Report of China Export Ban
Market Wraps Watch For: EIA Weekly Petroleum Status Report; Jerome Powell participates in a policy panel discussion at the European Central Bank forum on central banking; Earnings from Micron, BlackBerry Today’s Top Headlines/Must Reads: – China’s Industrial Profit Decline Narrowed in May – Cheaper Natural-Gas Prices in Store This Summer – FTX Begins Talks on…
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US Futures Mixed, European Stocks Rise as Investors Weigh Upbeat U.S. Data
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 gained 0.4% in morning trading. Samhaellsbyggnadsbolaget added 14.1% and Orpea rose 4.7%. On the other hand,…
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Top Company News of the Day: Rio Tinto, Fanatics, Google, Blackwells
Rio Tinto Building Australian Battery Lab to Test Minerals Rio Tinto is building a battery lab in Australia where it can test how the commodities it produces work in the likes of electric-vehicle batteries. Fanatics Raises Bid to Buy PointsBet’s U.S. Business by 50% DraftKings offered to buy the unit earlier this month, creating a…
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Upbeat U.S. Economic Data Contributes To Rally On Wall Street
Stocks moved sharply higher over the course of the trading day on Tuesday, regaining ground following recent weakness. The major averages all moved to the upside on the day, with the Dow snapping a six-session losing streak. The major averages pulled back off their best levels going into the close but held on to strong…
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Crypto This Tuesday: Fidelity Plans Spot BTC ETF, Robinhood Lays 150 Employees, and More
Bitcoin reacts after reports Fidelity plans to apply for Bitcoin ETF The price of Bitcoin (COIN:BTCUSD) surged following reports that asset management firm Fidelity was planning to apply for a spot Bitcoin ETF. While there was a brief increase to $31,000, it soon returned to $30,500. Fidelity had previously tried to apply for an ETF in 2021,…
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U.S. Stocks May Move Modestly Higher In Early Trading
US Market The major U.S. index futures are currently pointing to a modestly higher open on Tuesday, with stocks likely to move back to the upside following the weakness seen in the previous session. Optimism the U.S. economy may be able to avoid a recession may contribute to early strength on Wall Street after the…
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Tuesday’s Wall Street Highlights: Walgreens, Lordstown Motors, AMD and more
US stock futures show timid signs of recovery after Chinese Premier Li Qiang’s speech at the World Economic Forum, announcing the country’s intention to implement new, “more effective” measures to boost domestic demand. The sectors with the best pre-market performances are telephony, technology and energy. By 07:02 AM, Dow Jones (DOWI:DJI) futures were up 3 points, or…
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North American Morning Briefing: Stock Futures Steady on China GDP Hope
Market Wraps Watch For: Durable Goods for May, S&P CoreLogic Case-Shiller Home Price Index for April, New Home Sales for May, Conference Board Consumer-Confidence for June; Canadian CPI for May; earnings from Jefferies, Korn Ferry, Walgreens Boots Alliance; Mastercard AGM Today’s Headlines/Must Reads – The Stock Market Isn’t as Calm as It Seems – Private-Equity…
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US Futures, European Stocks Rise as Inflation Back in Focus for Investors
In the U.S. futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average climbed 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Orpea added 8.7% and Prosus rose 8.2%. On the other hand,…
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Top Company News of the Day: Lordstown, Aston Martin, Sequoia, Disney
EV Startup Lordstown Files for Bankruptcy The electric-truck maker, once cheered by investors during the SPAC boom and lauded by former President Donald Trump as a savior for a closed GM factory in Ohio, filed for bankruptcy. Aston Martin on Track to Hit Key Financial Targets Aston Martin said it expected to meet its targets…