Category: Latest News
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U.S. Markets Await Fed Decision and Empire State Report Amid Global Economic Shifts; Oil Prices Rise Slightly
On Monday, the main highlight of the U.S. economic agenda is the Empire State Manufacturing Survey for September, which will be released at 8:30 AM ET. The market expects a reading of -5.0, compared to -4.7 in August. The Fed’s two-day policy meeting is set to begin on Tuesday, with the interest rate decision expected…
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Intel Secures $3.5 Billion Subsidy, Stellantis Backs EU Emissions Targets, BP and Apollo Reach $1 Billion Deal
Intel (NASDAQ:INTC) – Intel secured up to $3.5 billion in federal subsidies to manufacture semiconductors for the U.S. Department of Defense. This information was disclosed by Bloomberg News after the company signed a binding agreement with U.S. authorities. Shares rose 3.7% in pre-market trading after closing up 1.6% on Friday. Stellantis NV (NYSE:STLA) – Stellantis…
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U.S. Extend Upward Trend Amid Optimism About Lower Interest Rates
Stocks moved mostly higher during trading on Friday, extending the upward trend seen over the past several sessions. The Nasdaq and the S&P 500 closed higher for the fifth straight day, largely offsetting the steep losses posted last week. The major averages all finished the day firmly in positive territory. The Dow advanced 297.01 points…
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Worldcoin Integrates World ID with Solana; cbBTC Hits $103 Million; SEC Expands Binance Lawsuit, Adds New Tokens as Securities
Worldcoin integrates World ID with Solana via Wormhole On Friday, Worldcoin (COIN:WLDUSD) announced the integration of World ID with the Solana blockchain through Wormhole Foundation’s cross-chain protocol. The World ID, based on Ethereum layer 2, allows privacy-focused identity verification for decentralized applications (DApps). This integration enables Solana developers to implement secure, Ethereum-compatible authentication. The Wormhole…
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U.S. Import Prices Down Slightly
A report released by the Labor Department on Friday showed import prices in the U.S. decreased by slightly more than expected in the month of August. The Labor Department said import prices fell by 0.3 percent in August after inching up by 0.1 percent n July. Economists had expected import prices to dip by 0.2…
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Futures Pointing To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the upward trend seen over the past several sessions. Optimism about the outlook for interest rates may contribute to continued strength on Wall Street ahead of the Federal Reserve’s monetary policy meeting next week. The Fed…
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U.S. Index Futures Steady; Oil Poised to Break Weekly Losing Streak
U.S. index futures showed little movement in pre-market trading this Friday. Investors are focused on the Federal Reserve’s meeting on September 17-18, which is expected to result in a 25 basis point interest rate cut. At 5:16 AM, Dow Jones futures (DOWI:DJI) rose 51 points, or 0.12%. S&P 500 futures gained 0.18%, and Nasdaq-100 futures…
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OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast
Boeing (NYSE:BA) – Workers at Boeing’s West Coast factories voted in favor of a strike. The walkout, the first since 2008, will affect 737 MAX production amid the company’s production challenges and mounting debts. The union argued that the offer didn’t offset years of stagnant wages and rising health care costs. A 50-day strike could…
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Nasdaq, S&P 500 Close Higher For Fourth Consecutive Session
After turning in a lackluster performance early in the session, stocks moved notably higher over the course of the trading day on Thursday. The Nasdaq and the S&P 500 added to strong gains posted in Wednesday’s session, closing higher for the fourth straight day. The major averages all finished the day firmly in positive territory.…
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Grayscale Launches XRP Fund, Coinbase Debuts cbBTC Token, 1inch Reveals Atomic Swap Protocol
Grayscale launches investment fund focused on XRP Grayscale launched an investment fund for XRP (COIN:XRPUSD) on September 12, pushing the asset’s price to an intraday high of $0.5882. The new XRP Trust, like other Grayscale products, focuses solely on the XRP token, which powers the XRP Ledger blockchain. The fund was reactivated after Ripple’s court…