Category: Latest News
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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%…
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U.S. Stocks Finish Choppy Trading Session Narrowly Mixed
Following the sell-off seen during Tuesday’s session, stocks showed a lack of direction over the course of the trading day on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually finished the day narrowly mixed. While the Dow inched up 38.04 points or 0.1 percent…
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Trump Unveils DeFi Project with Aave, Polygon Debuts POL Token, Sui Blockchain Introduces Offline Transactions
Trump launches DeFi project with Aave infrastructure and Ethereum blockchain The World Liberty Financial project, associated with former President Donald Trump, will use Aave’s platform and Ethereum blockchain to create a “credit account system.” Although not a fork of Aave (COIN:AAVEUSD), the project uses its infrastructure, boosting Aave’s token value. With an emphasis on open-source…
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U.S. Trade Deficit Increased To Largest In Two Years
The U.S. trade deficit increased to its largest in over two years in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said the trade deficit widened to $78.8 billion in July from a revised $73.0 billion in June. Economists had expected the trade deficit to…
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Nvidia, Economic Worries May Continue To Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside following the sell-off seen over the course of the previous session. A continued decrease by shares of Nvidia (NASDAQ:NVDA) may weigh on Wall Street, as the AI darling is slumping by 1.6 percent in…
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U.S. Index Futures Fall Amid Market Volatility; Oil Prices Drop on Libya Dispute, Weak Global Demand
U.S. index futures fell in premarket trading on Wednesday, following a steep decline the day before. With September historically weak for stocks, investors anticipate volatility and potential buying opportunities. At 5:01 AM, Dow Jones futures (DOWI:DJI) dropped 89 points, or 0.22%. S&P 500 futures lost 0.36%, and Nasdaq-100 futures fell 0.53%. The 10-year Treasury yield…
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Nvidia Subpoenaed by DOJ, Athira Pharma Shares Plunge 71% After Study Fails, Zscaler Falls 15% Post-Earnings
Nvidia (NASDAQ:NVDA) – Nvidia’s stock closed down 9.5% on Tuesday, leading to a $279 billion loss in market value due to fading optimism over AI following weak economic data. Historically, September has been tough for Nvidia, and this year is no exception. The stock has already dropped 20% from its all-time high. However, performance tends…
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Renewed Economic Concerns Contribute To Sell-Off On Wall Street
Stocks moved sharply lower over the course of the trading day on Tuesday, with the major averages more than offsetting the strong gains posted last Friday. With the steep drop, the Dow pulled back well off the record closing high set in the previous session. The major averages climbed off their worst levels going into…
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U.S. Steel Shows Weakness, Boeing Under Pressure, Unity Software Should Show Initial Strength
Shares of U.S. Steel (NYSE:X) are seeing significant pre-market weakness after Vice President Kamala Harris express opposition to the sale of the steel producer to Japan’s Nippon Steel. Aerospace giant Boeing (NYSE:BA) may also come under pressure after Wells Fargo downgraded its rating on the company’s stock to Underweight from Equal Weight. On the other…