Category: Latest News
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Top Company News of the Day: ByteDance, Apple, Binance, Bed Bath & Beyond
Former ByteDance Executive Claims Chinese Communist Party Accessed TikTok’s Hong Kong User Data Allegation is made in suit against TikTok parent company, ByteDance, which says it vigorously opposes the claim. Apple’s Augmented Reality Faces Real Questions The Vision Pro headset is an expensive gamble for a company that needs a new hit. SEC Sues Crypto…
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U.S. Stocks Finish Lackluster Session Modestly Lower
Following the rally seen to close out the previous week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually finished the session in negative territory. The Nasdaq edged down 11.34 points or 0.1 percent to…
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Crypto this Monday: SEC Sues Binance, JPMorgan Launches Blockchain Platform, and More
Binance faces SEC charges over securities law violations Binance Holdings Ltd. and its US affiliates are facing indictments from the Securities and Exchange Commission (SEC) for violations of federal securities laws. The SEC alleges that the cryptocurrency exchange and its founder, CZ, engaged in unregistered offerings and investment schemes. Binance faces a total of 13 allegations, including trade…
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Traders May Take A Breather Following Last Week’s Rally
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 rally seen to close out the previous week. Traders may look to take a break to assess the outlook for the markets following the strong upward move…
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Monday’s Wall Street Highlights: UBS, Tesla, Palo Alto Networks, Novo Nordisk and more
US Index Futures open the week with no clear direction close to flat after a rally last week gave the S&P 500 its best weekly performance since March. At around 7:20 AM, Dow Jones (DOWI:DJI) futures were up 29 points, or 0.09%. S&P 500 futures were up 0.07%, while Nasdaq-100 futures were down 0.10%. The yield on the…
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North American Morning Briefing: Stock Futures Point to Steady Open; Saudi Cuts Boost Oil
Market Wraps Watch For: Factory Orders for April; May Global Services PMI Today’s Top Headlines/Must Reads: – Wall Street Backs Off Bets on Fed Rate Cuts – Commodities Slide as Investors Bet on Economic Slowdown – Saudi Arabia Cuts Oil Output After OPEC Members Clash Over Quotas – China’s Caixin Services PMI Rose in May…
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US Futures Flat, European Stocks Mixed After Strong U.S. Jobs Data
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average rose 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Faurecia climbed 7.9% and GN Store Nord added 3.9%. On the other…
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Top Company News of the Day: UBS, American Airlines, Twitter, 3M
UBS to Close Credit Suisse Takeover as Early as Next Week UBS Group said it expects to complete its acquisition of Credit Suisse Group and have the shares of the Swiss peer delisted as early as next week. American Airlines’ Radical Plan to Reinvent Business Travel Work travel isn’t what it used to be-and that’s…
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U.S. Stocks Extend Rally On Jobs Data, Senate Passing Debt Ceiling Bill
Stocks moved sharply higher over the course of the trading day on Friday, adding to the strong gains posted in Thursday’s session. With the continued upward move, the Nasdaq reached its best closing level in well over a year, while the S&P 500 set a new nine-month closing high. The major averages pulled back off…
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Crypto this Friday: Elon Musk accused of insider trading, OpenAI director’s Twitter account hacked, and more
Elon Musk faces insider trading allegations Tesla (NASDAQ:TSLA) CEO Elon Musk faces insider trading allegations in a class-action lawsuit filed by investors, who allege Tesla’s CEO manipulated the Dogecoin (COIN:DOGEUSD) cryptocurrency, resulting in billions in losses for them. Investors claim Musk used publicity strategies, including Twitter posts and media appearances, to profit at his expense. The judge indicated that…