Category: Latest News
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Traders May Stick To The Sidelines Ahead Of Fed Minutes, Jackson Hole Symposium
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to experience choppy trading after moving mostly higher over the course of the previous session. A lack of major U.S. economic data may keep traders on the sidelines ahead of key events later this week that could…
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U.S. Index Futures Hold Steady, Oil Prices Drop
U.S. index futures showed moderate changes in pre-market trading on Tuesday after the S&P 500 and Nasdaq Composite achieved their longest winning streaks in 2024. Market volatility has decreased, and investors are awaiting the Jackson Hole Economic Symposium for potential hints about future interest rate cuts. At 5:00 AM ET, Dow Jones futures (DOWI:DJI) were…
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Palo Alto Beats Expectations, ECD Shares Rise 12% on Record Revenue, and Latest in Earnings
Palo Alto Networks (NASDAQ:PANW) – The cybersecurity and firewall solutions company had a strong quarter, with net income of $358 million, or $1.01 per share, and adjusted earnings of $1.51, above the forecast of $1.41. Revenue rose to $2.19 billion, exceeding the estimate of $2.16 billion. For the next quarter, the company projects revenue between…
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Berkshire Reduces Stake in BofA, Hawaiian Airlines Soars 10%, Paramount Receives $4.3B Offer, and More
Berkshire Hathaway (NYSE:BRK.B), Bank of America (NYSE:BAC) – Berkshire Hathaway sold a total of 14 million shares of Bank of America in recent days, reducing its stake to 12%. The sale, which raised about $550 million, was made last Thursday, Friday, and Monday, at an average price of $39.50 per share. Berkshire now owns 928…
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U.S. Stocks Extend Upward Trend With Another Strong Day
Stocks moved mostly higher over the course of the trading session on Monday, adding to the strong gains posted last week. The major averages showed a lack of direction early in the session but climbed firmly into positive territory as the day progressed. The major averages surged going into the final hour of trading, with…
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COO of Ava Labs’ X Account Hacked; Babylon to Launch Bitcoin Staking; Tether Expands USDT to Aptos, and More
HashKey Group Becomes First Web3 Partner for Telegram Mini App Catizen HashKey Group has formed a partnership with the Telegram Mini App Catizen, becoming the platform’s first Web3 partner. The collaboration will allow HashKey Global to offer regulated digital asset services to Catizen users, focusing on the TON blockchain infrastructure. Ben El-Baz from HashKey highlighted…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the rally seen in the previous week. Traders may be reluctant to make significant moves following recent volatility in the markets, which saw the markets fall sharply early this month…
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U.S. Index Futures Mixed, Oil Prices Dip
U.S. index futures are mixed in pre-market trading on Monday following a week of solid gains on Wall Street, driven by positive economic data and renewed optimism. Investors are cautiously awaiting Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole this week as the market seeks clues about the future direction of interest rates. As…
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FuboTV Soars 12% After Venu Sports Block, Goldman Sachs Lowers U.S. Recession Odds, BHP Ends Chile Strike
FuboTV (NYSE:FUBO), Walt Disney (NYSE:DIS), Fox Corporation (NASDAQ:FOX) – A U.S. judge temporarily blocked the launch of Venu Sports, a new sports streaming service backed by Disney, Fox, and Warner Bros Discovery. The decision came after FuboTV alleged antitrust practices by the media giants that could harm competition and inflate prices for consumers. Fubo’s shares…
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Nasdaq, S&P 500 Move Higher For Seventh Consecutive Session
After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Friday. The major averages climbed more firmly into positive territory after bouncing back and forth across the unchanged line in early trading. The major averages pulled back off their best levels late in…