Category: Latest News
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Friday’s Wall Street Highlights: Ford Motor, Meta Platforms, 3M, Conformis and more
Worries about demand and a slowing economy weigh on US Index Futures and European stocks as central banks in Europe and the US indicate a leaning towards raising interest rates to ensure inflation converges towards the goal. By 07:27 AM, Dow Jones futures (DOWI:DJI) fell 90 points, or 0.26%. S&P 500 futures were down 0.41%, while…
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North American Morning Briefing: Recession Threat Grows as Further Tightening Likely
Market Wraps Watch For: Flash PMIs, Weekly Export Sales Today’s Top Headlines/Must Reads: – Central-Bank Action Finally Cooling Global Economy, Data Indicate – Where’s the Recession We Were Promised? – Chemical Makers, Tool Suppliers Can Now Get Chips Act Money – Twitter Shows ‘Strong Willingness’ to Comply With Digital-Content Law, EU Regulator Says Opening Call:…
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US Futures, European Stocks Slip After Series of Central Bank Rate Hikes
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.2%. Changes in futures don’t necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.2% in morning trading. Evotec added 4.3% and GSK rose 3.4%. On the other hand, Siemens…
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Top Company News of the Day: Ford, Twitter, 3M, Temu
Ford Plans New Round of Layoffs for U.S. Salaried Workers The automaker looks to cut costs as it spends heavily on the shift to electric vehicles. Twitter Shows ‘Strong Willingness’ to Comply With Digital-Content Law, EU Regulator Says Thierry Breton, a top tech regulator for the bloc, gave his assessment after an EU team visited…
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Nasdaq Moves Sharply Higher, Snapping Three-Day Losing Streak
Stocks turned in a lackluster performance for much of the trading session on Thursday but managed to end the day mostly higher. Technology stocks helped lead the advance, resulting in a surge by the tech-heavy Nasdaq. The Nasdaq saw further upside going into the close, jumping 128.41 points or 1.0 percent to 13,630.61. The S&P…
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Crypto This Thursday: Fortune 100 Embrace Crypto, BitGo withdraws from the acquisition of Prime Trust, and more
Coinbase CEO Seeks to Transform Platform into Global Super-App, Despite SEC Lawsuit Coinbase (NASDAQ:COIN) CEO Brian Armstrong maintains his vision of transforming the platform into a global “super app,” despite the recent lawsuit filed by the SEC. “ I think at Coinbase, in this case, we want to be this super app, but everything will be based on…
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Futures Pointing To Continued Weakness On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to extend the pullback seen over the past few sessions. Profit taking may contribute to continued weakness on Wall Street after the Nasdaq and the S&P 500 reached their best levels in over a year last…
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Thursday’s Wall Street Highlights: Amazon, Intel, NRG Energy, Novo Nordisk, and more
US Index Futures extend a three-day streak of declines after a rally in technology stocks, which had been supporting the market, ran out of steam. By 7:24 AM, Dow Jones futures (DOWI:DJI) was down 113 points, or 0.33%. S&P 500 futures were down 0.32%, while Nasdaq-100 futures were down 0.41%. The 10-year Treasury yield was at 3.746%.…
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North American Morning Briefing: Stock Futures Dented as Central Banks Continue to Tighten
Market Wraps Watch For: Weekly Jobless Claims; Existing Home Sales Today’s Headlines/Must Reads – Microsoft-Activision Deal Faces Test in FTC Hearing – SEC Seeks More Disclosure From Smaller Banks in Wake of Failures – Hopes Rise for Rally in Small Stocks After Historic Underperformance – Insiders Snap Up Stock in Auto-Parts Retailers – Biden’s Trade…
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US Futures, European Stocks Fall as Fed Flags Further Rate Hikes
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.3% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 1.2% in morning trading. Ocado Group rose 7.4% and ISS A/S climbed 2.3%. On the…