Category: Latest News
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U.S. Stocks Close Weak On Growth Worries; Nasdaq Sheds More Than 1 Percent
U.S. stocks closed lower on Monday with those from the technology sector suffering sharp losses. Worries about tighter monetary policies and the impact of higher rates on economic growth weighed on the market. Investors looked ahead to the results of Bank Stress Tests, and some crucial economic data releases this week. The major averages all…
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Crypto This Monday: NEAR Soars After Alibaba Partnership, HSBC Makes Way for Crypto in Hong Kong, and More
Bitcoin holds new support on growing US interest At the open of Wall Street on June 26, Bitcoin (COIN:BTCUSD) price was at $30,500 with new support being held by the bulls. Buyer interest in the US boosted the market, especially due to announcements of institutional product applications based on the spot price of Bitcoin. US-led demand is on…
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Futures Pointing To Roughly Flat Open 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 after moving notably lower last week. A lack of major U.S. economic data may keep some traders on the sidelines as they look ahead to the release of several…
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Monday’s Wall Street Highlights: Goldman Sachs, IBM, Tesla, Lucid and more
US Index Futures start the week with a hedging bias, with stock markets and bond yields lower on Monday morning. The most recent economic data showed weakness in developed economies and the aggressive posture of central banks in relation to controlling inflation increases the risks of recession. This drives the week’s early flow into hard currency, fixed…
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North American Morning Briefing: Investors Disregard Russia Chaos
Market Wraps Watch For: Texas Manufacturing Outlook Survey Today’s Top Headlines/Must Reads: – This Bull Market Is Just Getting Started, Traders Bet – Why Economies Haven’t Slowed More Since Central Banks Hit the Brakes – Never Underestimate Central-Bank Groupthink – Tesla Leads Surge in Battered Clean-Energy Stocks Opening Call: Stock futures edged lower on Monday…
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US Futures, European Stocks Down After Short-Lived Russia Revolt
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Samhaellsbyggnadsbolaget rose 10.9% and Skanska Series B added 1.8%. On the…
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Top Company News of the Day: NIO, Starbucks, Obesity Pill, Bomb Threats
China’s ‘Tesla Killer’ Stumbles as EV Price War Takes Toll NIO, which had resisted cutting prices until recently, has become a symbol of the challenges automakers face in the world’s largest electric-vehicle market. Starbucks Workers, Citing Pride Decorations, Strike at Some Stores The tension between the company and some employees over in-store decorations comes amid…
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Interest Rate, Economic Worries Contribute To Pullback On Wall Street
Stocks moved mostly lower over the course of the session on Friday, giving back ground following the tech-led rebound during trading on Thursday. The major averages all moved to the downside, with the Nasdaq leading the pullback. The major averages all finished the day firmly in negative territory. The Nasdaq slumped 138.09 points or 1.0…
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Crypto This Friday: Tesla Reinstates DOGE Payments, JPMorgan Expands JPM Coin, and More
IMF acknowledges limitations of cryptocurrency ban The International Monetary Fund (IMF) has acknowledged that banning cryptocurrencies may not be effective in the long term. Instead, the focus should be on meeting digital payment needs and improving transparency in the use of these assets. Countries in Latin America and the Caribbean are leading the way in adopting digital…
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Interest Rate, Economic Worries May Lead To Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to move back to the downside following yesterday’s tech-led rebound. Overseas weakness may carry over onto Wall Street amid ongoing concerns about the outlook for interest rates and the global economy. Rate hikes in England and…