Category: Latest News
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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…
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Producer Prices Up More Than Expected; First-Time Unemployment Benefit Claims Show Modest Rise
A report released by the Labor Department on Thursday showed producer prices in the U.S. rose by slightly more than expected in the month of August. The Labor Department said its producer price index for final demand crept up by 0.2 percent in August, while revised data showed prices were unchanged in July. Economists had…
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U.S. Stocks May Lack Direction Following Yesterday’s Turnaround
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction following the substantial turnaround seen over the course of the previous session. The futures had been pointing to a higher open for the markets but gave back ground following the release…