Category: Latest News
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Friday’s Wall Street Highlights: JPMorgan, Tesla, PDS Biotechnology, Costco and more
US Index Futures rose on the possibility of the US government reaching a deal to resolve the US debt ceiling problem prevailing in markets on Friday morning. Investors also await the release of the inflation indicator monitored by the Federal Reserve, after mixed signals from US central bank officials regarding the direction of interest rates. By…
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Top Company News of the Day: Nvidia, Tesla, Ford, Hyundai
Chip Companies, Wary of Break With China, Seek Looser Limits on Federal Cash Businesses are urging the U.S. government to rethink proposed rules for awarding grants and tax credits for the U.S. semiconductor industry. How AI Is Catapulting Nvidia Toward the $1 Trillion Club The company’s chips are leaders in processing the complex calculations driving…
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U.S. Stocks Rebound On Upbeat Nvidia Earnings
Stocks moved mostly higher during trading on Thursday, regaining ground after moving sharply lower on Tuesday and Wednesday. The Nasdaq showed a particularly strong upward move, reflecting strength in the tech sector. The Nasdaq surged 213.93 points or 1.7 percent to 12,698.09, bouncing back near the nine-month closing high set on Monday. The S&P 500…
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Crypto This Thursday: Celsius Network Selects Fahrenheit, Bitpanda Teams Up with Coinbase, and More
Celsius Network Selects Fahrenheit as winning proposal to get out of bankruptcy Celsius Network LLC selected Fahrenheit as the winning bid to run a creditor-controlled new company emerging from bankruptcy. Celsius account holders will own 100% of NewCo’s new equity, which will be overseen by a new board of directors. “ We are delighted that our competitive…
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North American Morning Briefing: Nvidia Surge Boosts Nasdaq Futures
Market Wraps Watch For: 1Q 2nd estimate GDP; Unemployment Insurance Weekly Claims; Weekly Export Sales; Pending Home Sales; EIA Weekly Natural Gas Storage Report; Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing; Federal Discount Window Borrowings; Fed speakers include Tom Barkin, Susan Collins; earnings from Best Buy, Costco, Gap, Medtronic, Workday Today’s…
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US Futures Mixed, European Stocks Fall as As US Debt Ceiling Talks Continue
In the U.S. futures for the S&P 500 were up 0.5% and futures for the Dow Jones Industrial Average fell 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. BE Semiconductor Inds climbed 6.9% and ASM International rose 6.6%. On…
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Top Company News of the Day: Twitter, Target, Plastiq, Nvidia
Twitter Event With DeSantis Hits Technical Issues Twitter suffered apparent technical problems during an event where Elon Musk planned to host the Republican’s presidential campaign announcement on the platform. Target Lands in Culture-War Crosshairs Over Pride Month The retailer’s halt to its sale of some Gay Pride items fuels criticism it gave in to pressure…
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Nvidia Shares Surge 20% as 2Q Outlook Blows Past Estimates
Nvidia Poised for Record Sales as As AI Demand Kicks In The graphics-chip giant forecast a strong revenue bounce back for the current quarter, driven by growing appetite for generative AI technology. Snowflake slashes forecast, stock slumps after earnings Shares of Snowflake were sinking 12% in after-hours trading Wednesday after the data-software company cut its…
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Crypto This Wednesday: Blockchain Market Will Grow 67.57% By 2030, Tenet Joins Conflux, Qtum And More
Bitcoin drops more than 3% in the last 24 hours Bitcoin (COIN:BTCUSD) suffered a sharp drop after Wall Street opened on May 24, resulting in a “long overdue retest” of major trend lines. The price reached as low as $26,154, the lowest level since May 12th. Persistent volatility has led traders to watch the 100-day and 200-week…
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Debt Ceiling Worries May Continue To Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside after coming under pressure over the course of the previous session. Lingering concerns about lawmakers’ ability to reach an agreement on increasing the U.S. debt ceiling may continue to weigh on Wall…