Category: Latest News
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Fed Kept Interest Rates Unchanged And Hinted At a Possible End to its Monetary Tightening
The Federal Open Market Committee (FOMC) kept interest rates unchanged in the range between 5.25% and 5.50% this Wednesday, in line with investor consensus, signaling a slowdown in inflationary pressures – a message that was well received by financial markets. In the statement released alongside the decision, the FOMC pointed out that inflation had slowed…
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Crypto: Cardano Soars 70% in a Month, S&P Global’s Stablecoin Ratings, and Latest Updates
Bitcoin and altcoins await the Fed’s decision Bitcoin (COIN:BTCUSD) and other cryptocurrencies have stabilized after a recent drop that took prices to their lowest level in 20 months. Investors and analysts are closely watching the U.S. Federal Reserve, anticipating potential interest rate cuts and awaiting approval of the first Bitcoin ETF. Bitget analyst Fernando Pereira…
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Producer Prices Flat
The Labor Department released a report on Wednesday showing producer prices in the U.S. unexpectedly came in flat during the month of November. The report said the producer price index for final demand was unchanged in November after falling by a revised 0.4 percent in October. Economists had expected producer prices to inch up by…
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U.S. Stocks May See Further Upside Ahead Of Fed Announcement
The major U.S. index futures are currently pointing to a slightly higher open on Wednesday, with stocks likely to see initial strength ahead of the Federal Reserve’s monetary policy announcement this afternoon. Stocks may continue to benefit from optimism about the outlook for interest rates, which has helped lift the major averages to their best…
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Cal-Maine Avian Flu Outbreak Impact, Amgen Hikes Dividend For Twelfth Year, and Latest Updates
In the pre-market on Wednesday, U.S. index futures showed a slight increase, with investors awaiting the latest monetary policy decision from the Federal Reserve. At 05:30 AM, the Dow Jones (DOWI:DJI) futures rose 42 points, or 0.11%. S&P 500 futures rose 0.11% and Nasdaq-100 futures rose 0.14%. The 10-year Treasury yield was at 4.191%. In…
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US Futures, European Stocks Rise Ahead of Fed Policy Decision
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 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. Colruyt Group rose 5.2% and Arkema climbed 5%. On the other hand, NEL…
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Top Company News of the Day: BAE Systems, Inditex, Fujitsu, AustralianSuper
BAE Systems to Keep Managing U.S. Ammunition Plant BAE Systems won a new 10-year contract worth $8.8 billion to manage the U.S. Army’s main ammunition plant in Tennessee as efforts continue to surge production of artillery shells, missiles and other weapons. Inditex Ups Gross Margin View Inditex said it now expects a gross margin for…
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U.S. Stocks Move Mostly Higher, Extending Upward Trend
After moving mostly higher over the past few sessions, stocks saw some further upside during trading on Tuesday. The major averages recovered from an early pullback and climbed firmly into positive territory as the day progressed. The major averages once again finished the session at their best closing levels in well over a year. The…
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Crypto: BlackRock’s Bitcoin ETF Adaptation for Wall Street Banks, FIFA’s NFT Launch, and More
Bitcoin and cryptocurrencies show resilience after drop After one of the worst drops this year, Bitcoin (COIN:BTCUSD) and other cryptocurrencies showed a slight recovery, maintaining significant gains since April 2022. The anticipation of a Bitcoin ETF in the US and a favorable macroeconomic context, with signs of slowing inflation, have boosted values. US CPI inflation…
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Consumer Prices Slightly Up
Consumer prices in the U.S. inched up in line with economist estimates in the month of November, according to a highly anticipated report released by the Labor Department on Tuesday. The Labor Department said its consumer price index crept up by 0.1 percent in November after coming in unchanged in October. The uptick matched expectations.…