Category: Latest News
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U.S. Stocks Finish Lackluster Session Little Changed
Following the substantial volatility seen over the final two sessions of 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 before eventually closing narrowly mixed. While the Nasdaq (NASDAQI:COMP) crept up 5.44 points or less than…
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Crypto: Cardano Implements Critical Updates, dYdX Faces Disruption, and More
Cardano prepares for significant updates with Chang and Ouroboros Leios Charles Hoskinson, co-founder of Cardano (COIN:ADAUSD), expresses his excitement for two critical updates: the Chang hard fork and the Ouroboros Leios consensus mechanism, aimed at enhancing the network in response to community demands. The Chang hard fork is a step towards more community governance, granting…
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Looming Inflation Data May Lead To Choppy Trading On Wall Street
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 considerable volatility seen to close out the previous week. A lack of major U.S. economic data may keep some traders on the sidelines ahead of the release of closely…
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U.S. Futures Dip Ahead of Key Inflation Data and Q1 Earnings Season Kickoff, Oil Prices Decline
U.S. index futures are slightly down in Monday’s pre-market trading, marking the start of a week that is eagerly awaited due to the announcement of U.S. inflation data, as well as the beginning of the first quarter financial results season. At 06:26 AM, Dow Jones futures (DOWI:DJI) fell 18 points, or 0.05%. S&P 500 futures…
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Boeing Down in Pre-Market Due to CEO Developments and Denver Incident; MicroStrategy Surges 11% with BTC Spike, and More
MicroStrategy (NASDAQ:MSTR), Coinbase Global (NASDAQ:COIN) – In pre-market trading, MicroStrategy saw an 11.26% increase priced at $1,601.00, while Coinbase Global gained 5.85% priced at $255.00, driven by a rise in cryptocurrency-related stocks, following Bitcoin (COIN:BTCUSD). Bitcoin rose 3.7% in the last 24 hours, reaching $71,933. Boeing (NYSE:BA) – Boeing shares are down 1.03% in pre-market…
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U.S. Stocks Show Significant Rebound Following Strong Jobs Data
Following the sell-off seen late in the previous session, stocks showed a significant move back to the upside during trading on Friday. The major averages all moved notably higher, largely offsetting Thursday’s steep losses. The major averages finished the day off their highs of the session but still firmly in positive territory. The Nasdaq (NASDAQI:COMP)…
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Global Economic Outlook: A Week Packed with Key Data and Central Bank Decisions – April 8th
The upcoming week promises to be a pivotal one for global financial markets, with a slew of crucial economic data releases and central bank decisions across the world. Investors and analysts will be particularly focused on the United States, where the inflation rate and the minutes from the Federal Open Market Committee (FOMC) meeting are…
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Crypto: Morgan Stanley and UBS Compete for Leadership in Bitcoin ETFs, Risks in Ethena’s USDe Strategy, and More
Concerns and defenses around Ethena’s Bitcoin strategy for USDe Just seven weeks after its launch, Ethena’s USDe, known as the “internet bond” and “synthetic dollar,” surpassed a market capitalization of $2 billion, becoming the fifth largest stablecoin. Now occupying 1.25% of the total $160 billion stablecoin market, USDe stands out for not directly relying on…
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground following the sell-off seen late in the previous session. Traders may look to pick up stocks at relatively reduced levels following the steep drop seen during Thursday’s session, which dragged the Dow down to its…
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US nonfarm payrolls grow by 303,000 in March
Nonfarm payrolls in the United States increased by 303,000 in March, according to the report by the Bureau of Labor Statistics published on Friday. The figure was significantly higher than predicted by analysts, while the unemployment rate stood largely in line with expectations at 3.8%. The number of unemployed people in the US was 6.4…