Category: Latest News
-
Top Company News of the Day: Netanyahu, Rio Tinto, Pixar, SVB
Israel’s Netanyahu Touts Expanded Investment by Intel The prime minister’s announcement comes amid protest from the country’s tech industry over his plan to overhaul Israel’s judiciary. Rio Tinto Says Driverless Iron-Ore Train Derailed in Western Australia Rio Tinto said an autonomous train carrying iron ore from its mining operations in remote northwest Australia to a…
-
U.S. Stocks Give Back Ground But Hold On To Strong Gains For The Week
Stocks turned in a lackluster performance throughout much of the trading session on Friday before coming under pressure in the latter part of the session. The major averages all moved to the downside, with the tech-heavy Nasdaq leading the way lower. The major averages finished the session just off their worst levels of the day.…
-
Apple remains the world’s most valuable brand, valued at $880.4 billion
The ranking of the most valuable brands in the world was updated and showed that Apple continues to lead the list, valued at US$ 880.4 billion. Just behind Steve Jobs’ brand are Google, valued at US$ 577.7 billion, and Microsoft, with US$ 501.8 billion, according to Kantar BrandZ and disclosed in recent days. However, despite…
-
Virgin Galactic will launch the first commercial spaceflight this month; stock soars
Virgin Galactic Holdings (NYSE:SPCE), Richard Branson’s space tourism venture, has soared after announcing that its long-awaited first commercial passenger mission will take off on June 27. The shares appreciated 40% at the beginning of the trading session this Friday (16) and around 1 pm, the shares continue at a strong increase of 15.3%, being traded…
-
Upward Momentum May Lead To Continued Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks poised to extend the strong upward move seen over the past several sessions. The markets may continue to benefit from recent upward momentum, which has contributed to a six-session winning streak for the S&P 500. The…
-
Friday’s Wall Street Highlights: Microsoft, Intel, Virgin Galactic, Disney, and more
US Index Futures traded little changed in premarket trading on Friday, with the S&P 500 on course to close the week at a 16-month high. By 7:02 AM, Dow Jones Futures ( DOWI:DJI ) was down 4 points, or 0.01%. S&P 500 futures gained 0.04%, while Nasdaq-100 futures added 0.15%. The 10-year Treasury yield was at 3.732%. The Bank…
-
US Futures Down, European Stocks Rise Following Hawkish Fed and ECB
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Orpea rose 11.4% and MorphoSys climbed 11.3%. On the other hand,…
-
Top Company News of the Day: Adobe, Vice Media, Disney, Virgin Galactic
Adobe Posts Strong Earnings. CEO Touts a ‘New Era of Generative AI’ Shares of Adobe have soared on the company’s plans for generative AI. Bankrupt Vice Media in Sale Talks With Media Group GoDigital GoDigital wants to buy Vice at a court-supervised auction that would also include the company’s top lenders. Disney CFO Clashed With…
-
U.S. Stocks Rally As Economic Data Eases Interest Rate Concerns
Following the mixed performance seen in the previous session, stocks moved sharply higher over the course of the trading day on Thursday. The Nasdaq and S&P 500 once again reached their best closing levels in over a year, while the Dow set to a six-month closing high. The major averages pulled back off their highs…
-
Crypto This Thursday: BlackRock Plans to Launch BTC ETF, New York Banned CoinEx, and More
BlackRock Plans to Launch Bitcoin ETF Amid Regulatory Investigations BlackRock (NYSE:BLK) is close to applying for a bitcoin ETF, using offline storage solution Coinbase Custody and market data from the cryptocurrency exchange, according to CoinDesk. This decision comes amid regulatory investigations into the cryptocurrency industry in the US. CoinEx banned from operating in New York and…