Category: Latest News
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U.S. Futures Edge Up as Nvidia Earnings Loom, Oil Prices Slide
U.S. index futures indicate a slight pre-market rise on Wednesday as investors focus on Nvidia’s upcoming quarterly earnings announcement, expected to have a significant market impact. Retail and tech stocks, including Nordstrom (NYSE:JWN), PVH Corp. (NYSE:PVH), and Ambarella (NASDAQ:AMBA), show notable pre-market movements as the market braces for potential surprises in the AI and semiconductor…
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High Volatility Expected in Nvidia Report, Ambarella Soars 20%, Hertz Strengthens Board, Apple Cuts Jobs
Nvidia (NASDAQ:NVDA) – Options traders in the US expect Nvidia’s upcoming earnings report to cause a stock swing of around 9.8%, representing a market impact of over $300 billion, according to Reuters. Shares rose 0.1% in pre-market trading. Ambarella (NASDAQ:AMBA) – Ambarella announced Q2 2025 earnings that exceeded forecasts. Earnings per share were -$0.13, better…
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Crypto Millionaires Surge 95%, IBIT Hits 35-Day Inflow High, MakerDAO Rebrands as Sky
Number of crypto millionaires increases by 95% in one year According to the New World Wealth and Henley & Partners report, the population of crypto millionaires grew by 95% last year, with Bitcoin holders more than doubling to 85,400. Currently, there are 110,000 Bitcoin addresses with balances exceeding $1 million. The increase is driven by…
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Dow Finishes Choppy Trading Day At New Record Closing High
Stocks showed a lack of direction over the course of the trading session on Tuesday, with the major averages bouncing back and forth across the unchanged line. Despite the choppy trading, the Dow crept up to a new record closing high. The major averages all finished the day modestly higher. The Dow inched up 9.98…
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Futures Pointing To Modestly Lower Open On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move to the downside following the mixed performance seen in the previous session. The Dow futures are down by 0.2 percent, as the blue chip index is likely to give back ground after reaching record highs…
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U.S. Index Futures Edge Higher, Oil Prices Dip
U.S. index futures edged higher in premarket trading on Tuesday, recovering from pressure on tech stocks that impacted the S&P 500 and Nasdaq Composite the previous day. The Dow Jones, after closing at a new record high on Monday, continues to attract attention. Investors eagerly await Nvidia’s earnings this week, which are crucial for the…
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Apple Names New CFO, Sony Hikes PS5 Price in Japan, Santander Launches Share Buyback
Apple (NASDAQ:AAPL) – Apple has appointed Kevan Parekh as its new CFO, replacing Luca Maestri starting January 1, 2025. Parekh, who has been with Apple for over a decade, will lead the company during a period of significant iPhone updates, focusing on AI to boost sales. Sony Group (NYSE:SONY) – Sony will increase the price…
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Stacks Prepares Nakamoto Upgrade, Record Bitcoin ETF Inflows, Semler Scientific Expands Bitcoin Reserves
Stacks prepares for the biggest update in its history, revolutionizing Bitcoin transactions The Stacks network (COIN:STXUSD), the largest Bitcoin layer-2 by market capitalization, is set to implement the Nakamoto upgrade on August 28. This change will reduce transaction settlement times to around five seconds, significantly improving the network’s usability. Additionally, the launch of Super Bitcoin…
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Dow Sets New Record Closing High But Nasdaq, S&P 500 Give Back Ground
The major U.S. stock indexes turned in a mixed performance during trading on Monday, with the Dow reaching a new record closing high, while the tech-heavy Nasdaq saw a notable pullback after posting a strong gain last week. The Dow pulled back well off its best levels of the session and briefly dipped into negative…
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U.S. Index Futures Edge Higher; Oil Prices Rise Amid Middle East Tensions and Fed Rate Cut Expectations
U.S. index futures edged higher in pre-market trading on Monday, as investors aimed to reclaim record levels following the Federal Reserve’s signal of potential interest rate cuts. After a strong week marked by Jerome Powell’s comments, Wall Street eagerly anticipates rate cuts to ease recent economic concerns. At 5:14 AM ET, Dow Jones futures (DOWI:DJI)…