Category: Latest News
-
Google Could Face Forced Spinoff; Rio Tinto Buys Arcadium for $6.7B; Boeing Suspends Union Talks
Alphabet (NASDAQ:GOOGL) – The U.S. Department of Justice is considering asking a judge to force Google to sell parts of its business to mitigate its search dominance, including Chrome and Android. The DOJ proposes measures to reduce Google’s dominance, which could impact revenues and benefit competitors. Google plans to appeal, calling the proposals “radical” and…
-
U.S. Stocks Close On Firm Note; Nasdaq Rises 1.5 Percent
U.S. stocks moved higher on Tuesday, with technology stocks turning in a strong performance. Pushing geopolitical concerns and interest-rate uncertainty aside, investors picked up stocks, choosing to focus on the earnings season. The major averages all ended on a firm note. The Dow started off on a sluggish note and remained that way till midway…
-
Bitcoin Struggles at $63K; Spot Bitcoin ETFs Gain $235M; Crypto.com Takes Legal Action Against SEC
Bitcoin faces selling pressure with resistance at $63,000 Bitcoin (COIN:BTCUSD), after reaching $64,448 on October 7, briefly dipped below $62,000, currently trading at $62,200, nearly unchanged over the last 24 hours. Selling pressure observed on Coinbase, along with China’s underwhelming economic stimulus, suggested a bearish outlook. The National Development and Reform Commission (NDRC) briefing lacked…
-
U.S. Trade Deficit Narrows
With exports surging and imports falling, the Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed in the month of August. The Commerce Department said the trade deficit shrank to $70.4 billion in August from a revised $78.9 billion in July. Economists had expected the trade deficit to decrease to $70.6…
-
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 Tuesday, with stocks likely to move back to the upside following the weakness seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following the steep drop seen during trading on Monday. Overall trading activity is…
-
US Futures Rebound Amid Oil Price Dip and Fed Remarks; Markets React to China Stimulus Disappointment
U.S. index futures rose in premarket trading on Tuesday, suggesting a rebound after earlier declines caused by rising bond yields and oil prices. Investors await key economic data this week amid statements from Federal Reserve leaders. At 5:48 AM ET, Dow Jones (DOWI:DJI) futures rose 62 points or 0.15%. S&P 500 futures gained 0.37%, and…
-
Honeywell Seeks Division Spinoff; Foxconn Expands Production With Nvidia GB200; Chinese Stocks Plunge
Honeywell (NASDAQ:HON) – Honeywell plans to spin off its advanced materials division, which could be worth over $10 billion as an independent company. CEO Vimal Kapur is focusing on aviation, automation, and energy, according to WSJ. The advanced materials division serves sectors like retail, pharmaceuticals, buildings, and manufacturing, with $3.65 billion in sales last year.…
-
Stocks Fall On Geopolitical Tensions; Major Averages Close Notably Lower
U.S. stocks fell on Monday amid easing prospects of aggressive rate cuts by the Federal Reserve following a much higher than expected addition in U.S. non-payroll employment in the month of September. Investors also awaited earnings announcements from major banks, and some crucial economic data, including readings on consumer price and producer price inflation. The…
-
Ethereum EIP 7781 Proposal Boosts Throughput; Moodeng Surges 400%; Drainer Halts TON Blockchain Operations
EIP 7781 proposal aims to increase Ethereum network throughput The Ethereum community is evaluating the EIP 7781 Improvement Proposal, which suggests reducing the slot time from 12 to 8 seconds, increasing throughput by about 33%. This change would better distribute rollup latency and data capacity, improving bandwidth usage. Researcher Justin Drake supported the proposal, stating…
-
Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground following the strong upward move seen last Friday. Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the strong gains posted in the previous session.…