Category: Latest News
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U.S. Index Futures Steady Ahead of Fed Rate Decision; Oil Prices Dip
U.S. index futures showed modest fluctuations in premarket trading this Wednesday as Wall Street gears up for a highly anticipated rate cut by the Federal Reserve. CME Group’s FedWatch tool shows traders pricing in a 63% chance of a 50-basis-point cut and 37% odds of a 25-basis-point move. At 5:36 AM ET, Dow Jones futures…
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Meta Strengthens Child Privacy on Instagram; Google Overturns $1.7 Billion Antitrust Fine; Snap Updates Spectacles
Meta Platforms (NASDAQ:META) – Meta could face a significant fine from the European Union for attempting to dominate the classifieds ad market. Regulators allege the company links its Marketplace services to Facebook to disadvantage competitors. The decision may be announced next month, under the supervision of Margrethe Vestager. Additionally, Meta is introducing privacy controls for…
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U.S. Stocks Close Little Changed After Seeing Early Strength
After moving mostly higher early in the session, stocks gave back ground over the course of the trading day on Tuesday. The Dow and the S&P 500 reached new record intraday highs in early trading but subsequently pulled back near the unchanged line. The major averages ended the day narrowly mixed. While the Dow edged…
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Circle Expands USDC in Brazil and Mexico, TON and Curve Join Forces, Trump Unveils WL Token
Circle expands USDC in Brazil and Mexico with local banking integrations Circle has connected its stablecoin USDC (COIN:USDCUSD) to payment systems in Brazil and Mexico, enabling corporate access via local bank integrations. In Brazil, USDC is accessible through PIX, and in Mexico, via SPEI. This expansion comes as Circle plans to bring USDC to the…
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U.S. Retail Sales Up Unexpectedly
Retail sales in the U.S. unexpectedly crept higher in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales inched up by 0.1 percent in August after surging by an upwardly revised 1.1 percent in July. The uptick surprised economists, who had expected retail…
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Interest Rate Optimism May Lead To Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside following the mixed performance seen in the previous session. Stocks are likely to benefit from optimism about the outlook for interest rates ahead of the Federal Reserve’s monetary policy announcement on Wednesday. While…
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Investors Anticipate Retail Sales Data and Fed Decision; Oil Prices Dip as Investors Weigh U.S. Production
Investors are eagerly awaiting retail sales data and the Federal Reserve meeting. Expectations for rate cuts remain divided between 25 and 50 basis points, with potential impacts on economic growth and inflation being closely watched. The 10-year Treasury yield stood at 3.614% in Tuesday’s premarket. In commodities, oil prices slightly dipped as investors assessed U.S.…
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Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon
Microsoft (NASDAQ:MSFT), Vodafone (NASDAQ:VOD) – Microsoft announced a new stock buyback program of up to $60 billion and a 10% increase in its quarterly dividend to $0.83. The company plans to hold its annual shareholders’ meeting on December 10. Additionally, Microsoft revealed that Vodafone signed a significant contract to use 68,000 licenses for Copilot AI…
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U.S. Stocks Close Mixed Ahead Of Fed Policy Meeting; Dow Hits New Record High
U.S. stocks ended on a mixed note on Monday as investors looked ahead to the Federal Reserve’s monetary policy announcement later this week, and stayed largely cautious and selective with regard to their moves. Among the major averages, the Dow (DOWI:DJI) hit a new record high and ended up 228.30 points or 0.55 percent at…
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Bitcoin Falls as Traders Eye Fed; Mining Stocks Drop Amid High Hash Rate, and Latest in Crypto
Bitcoin drops as traders eye the Fed Bitcoin (COIN:BTCUSD) fell to around $57,823, dropping 2.3% in 24 hours, after holding above $60,000 over the weekend. Ether (COIN:ETHUSD) slipped 1.4% to around $2,288. Futures traders lost $143 million due to the sudden drop. Increasing competition from networks like Solana and Base pressures Ethereum. Expectations of a…