Category: Latest News
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Disappointing Jobs Data Leads To Sell-Off On Wall Street
With traders reacting negatively the monthly jobs report, stocks moved sharply lower during trading on Friday. The major averages all showed significant moves to the downside on the day, with the tech-heavy Nasdaq tumbling to its lowest closing level in almost a month. The major averages finished the day near their lows of the session.…
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Crypto Volatility Spikes After Payroll; Massive Bitcoin ETF Outflows; Ethereum Foundation To Release Financial Report
Volatility hits cryptocurrency markets after US jobs report The cryptocurrency market experienced a brief recovery after the US jobs report, with bitcoin (COIN:BTCUSD) reaching a peak of $56,995 before falling below $54,000. At the time of writing, bitcoin was trading at $53,973.37. The nearly 4% drop in BTC impacted other cryptocurrencies as well. Dogecoin (COIN:DOGEUSD)…
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U.S. Index Futures Drop Ahead of August Jobs Report Release; Oil Prices Steady, OPEC+ Delays Production Hikes
U.S. index futures fell in pre-market trading this Friday, as investors await the August jobs report for more clues about the economy. At 5:41 AM ET, Dow Jones futures fell 143 points, or 0.35%. S&P 500 futures dropped 0.66%, and Nasdaq-100 futures fell 1.20%. The 10-year Treasury yield stood at 3.699%. Today’s U.S. economic highlights…
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Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company
Salesforce (NYSE:CRM) – Salesforce announced the purchase of Own Company for $1.9 billion to strengthen its data privacy and security solutions. The acquisition aims to meet the growing demand for customer protection against data loss. Salesforce expects the transaction to drive growth starting from the second year after completion, slated for the fourth quarter of…
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U.S. Stocks Turn In Mixed Performance Ahead Of Monthly Jobs Data
After ending yesterday’s lackluster session narrowly mixed, the major U.S. stock indexes turned in another mixed performance during trading on Thursday. While the S&P 500 closed lower for the third straight session, the tech-heavy Nasdaq ended the day in positive territory. The Nasdaq bounced back and forth across the unchanged line before eventually closing up…
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Travala Now Available on Skyscanner, Siemens Issues New Digital Bond on Blockchain, Bitcoin Volatility on Thursday
Travala integrates hotel inventory with Skyscanner and offers cryptocurrency payments Travala, a crypto-native booking platform, is now available on Skyscanner, allowing users to book over 2.2 million hotels in 230 countries using cryptocurrencies like Bitcoin and its AVA token (COIN:AVAUSD). This integration marks Travala as the first crypto-native platform on Skyscanner, competing with giants like…
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Private Sector Employment Up Less Than Expected
A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by much less than expected in the month of August. ADP said private sector employment rose by 99,000 jobs in August after climbing by a downwardly revised 111,000 jobs in July. Economists had expected private sector employment to…
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Disappointing Jobs Data May Lead To Initial Weakness On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to move to the downside after ending the previous session narrowly mixed. The futures edged lower following the release of a report from payroll processor ADP showing private sector employment in the U.S. increased by much less…
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U.S. Index Futures Steady Amid Labor Data Anticipation; Oil Prices Rise
U.S. index futures are little changed in pre-market trading on Thursday amid a rocky start to September. Investors await key labor market data, including jobless claims and the nonfarm payroll report, which could influence the Federal Reserve’s upcoming decisions. At 5:16 AM, Dow Jones futures (DOWI:DJI) rose 45 points, or 0.11%. S&P 500 futures gained…
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Qualcomm Develops Mixed Reality Glasses; Verizon to Boost Dividend, Eyes Acquisition; Samsonite Plans US Dual Listing
Qualcomm (NASDAQ:QCOM) – Qualcomm, in collaboration with Samsung and Google, is developing mixed-reality glasses that connect to smartphones, offering a lighter, more portable alternative to Apple’s bulky headsets. Qualcomm CEO Cristiano Amon hopes these glasses will provide new experiences and expand the mixed-reality market, which is currently smaller than the smartphone market. Shares rose 0.2%…