Category: Latest News
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Middle East Tensions, Profit Taking May Weigh On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Monday, with stocks likely to move to the downside following the mixed performance seen last Friday. Concerns about rising Middle East tensions may weigh on Wall Street after Israel launched deadly airstrikes on targets in the heart of Lebanon’s capital Beirut…
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Dow Reaches Record Closing High But Nasdaq, S&P 500 Give Back Ground
Stocks turned in a mixed performance during trading on Friday, with the major averages ending the day on opposite sides of the unchanged line. The Dow rose to a new record closing high, but the Nasdaq and the S&P 500 gave back ground. While the Dow pulled back well off its highs of the session,…
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Bitcoin Surges as US PCE Drops; MicroStrategy ETFs See Rising Investor Demand, and Latest in Crypto
Bitcoin reacts to PCE data Bitcoin (COIN:BTCUSD) reached an intraday high of $66,550 on Friday and is currently trading at $65,566, a 0.6% increase over the past 24 hours. This rise followed the release of U.S. inflation data, with the Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred measure, dropping to 2.2% in August,…
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Crude Oil Futures Inching Up, Gold Futures Edging Down
Crude oil futures are inching up $0.03 to $67.70 a barrel after plunging $2.02 to $67.67 a barrel on Thursday. Meanwhile, after climbing $10.20 to $2,694.90 an ounce in the previous session, gold futures are edging down $2.90 to $2,692 an ounce. On the currency front, the U.S. dollar is trading at 142.87 yen versus…
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U.S. Consumer Prices Rise As Expected
Consumer prices in the U.S. crept up in line with economist estimates in the month of August, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July. The…
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Futures Edge Higher Following Closely Watched Inflation Data
The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks likely to add to the gains posted in the previous session. The futures edged higher following the release of closely watched readings on U.S. consumer price inflation in the month of August. The Commerce Department said its personal…
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U.S. Stocks Move Higher On Micron News, Upbeat Economic Data
Following the pullback seen in the previous session, stocks moved back to the upside during trading on Thursday. The major averages gave back ground after an early rally but managed to end the day firmly into positive territory. The S&P 500 (SPI:SP500) rose 23.11 points or 0.4 percent to a new record closing high of…
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Bitcoin Surges Past $65K, Avalanche Unveils $40M Developer Grants, Celo Soars 38% in One Week
Bitcoin surpasses $65,000 after Fed rate cuts and China news The price of Bitcoin (COIN:BTCUSD) reached a high of $65,632 in the last 24 hours, marking the highest value in almost two months. Priced at $65,380 at the last check, the increase began with the Federal Reserve’s 50 basis-point rate cut and was boosted by…
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Crude Oil Futures Falling, Gold Futures Rising
Crude oil futures are tumbling $1.57 to $68.12 a barrel after plunging $1.87 to $69.69 a barrel on Wednesday. Meanwhile, after rising $7.70 to $2,684.70 an ounce in the previous session, gold futures are climbing $9.90 to $2,694.60 an ounce. On the currency front, the U.S. dollar is trading at 144.53 yen versus the 144.75…
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U.S. Manufactured Durable Goods New Orders Unchanged; First-Time Claims for Unemployment Benefits Unexpectedly Lower
New orders for U.S. manufactured durable goods were virtually unchanged in the month of August, according to a report released by the Commerce Department on Thursday. The Commerce Department said durable goods orders came in flat in August after soaring by 9.9 percent in July. Economists had expected durable goods orders to tumble by 2.6…