Category: Latest News
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NYSE and Nasdaq Pull ETF Options Requests, 75% of Bitcoins Remain Inactive, MakerDAO Halts WBTC Loans
New York Stock Exchange and Nasdaq withdraw crypto ETF options listing requests The NYSE and Nasdaq International Securities Exchange have withdrawn three requests to list options for Bitcoin and Ethereum ETFs, according to recent regulatory filings. These withdrawals follow a pattern of applications and adjustments surrounding crypto ETF options in the U.S. Exchanges are striving…
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New Residential Construction, Building Permits Down
New residential construction in the U.S. saw a steep drop in the month of July, according to a report released by the Commerce Department on Friday. The report said housing starts plunged by 6.8 percent to an annual rate of 1.238 million in July after jumping by 1.1 percent to a revised rate of 1.329…
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Profit Taking May Lead To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to give back ground following the substantial rally seen in the previous session. Traders may look to cash in on some of the recent strength in the markets, which saw the Nasdaq and the S&P 500 close higher…
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U.S. Stock Futures Rise Amid Investor Optimism, Oil Prices Dip but Head for Weekly Gains
U.S. stock futures edged higher in pre-market trading on Friday, indicating a recovery week. Investor optimism was fueled by consecutive gains in the S&P 500 and Nasdaq, positive retail sales and jobless claims data, and expectations of interest rate cuts. At 5:08 AM ET, Dow Jones futures (DOWI:DJI) rose 51 points, or 0.13%, S&P 500…
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Deutsche Bank Faces Shareholder Backlash, Bank of America Sponsors 2026 World Cup, Quanterix CEO Buys More Shares
Deutsche Bank (NYSE:DB) – Deutsche Bank has proposed a settlement to resolve shareholder lawsuits alleging that the bank underpaid for the Postbank acquisition. However, shareholders’ lawyer Jan Bayer rejected the offer, calling it unsatisfactory. Shares rose 0.9% in pre-market. Bank of America (NYSE:BAC) – Bank of America has partnered with FIFA to sponsor the 2026…
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H&R Block Shares Surge 10% on Profit and Dividend Boost, Applied Materials Drops 3% Despite Strong Earnings, Latest in Earnings
H&R Block (NYSE:HRB) – The tax preparation services company reported fourth-quarter fiscal revenue of $1.063 billion and earnings per share of $1.89, exceeding forecasts of $1.028 billion and $1.74, respectively. For 2025, the company projects revenue between $3.69 billion and $3.75 billion, with earnings per share between $5.15 and $5.35, also above estimates. The company…
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Upbeat Retail Sales Data Contributes To Rally On Wall Street
After trending higher over the past several sessions, stocks showed another significant move to the upside during trading on Thursday. The major averages all posted strong gains, with the Nasdaq and the S&P 500 extending their winning streaks to six days. The major averages pulled back off their best levels going into the close but…
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Bitcoin Fall Hits Other Tokens, MicroStrategy Launches Leveraged ETF, Mintzberg Takes Over Grayscale Leadership
Bitcoin’s drop impacts other tokens after US CPI release Bitcoin (COIN:BTCUSD) fell below $58,000, hitting $57,800 in the last 24 hours. This drop dragged other cryptocurrencies down. TonCoin (COIN:TONCOINUSD), Polygon (COIN:MATICUSD), and Near Protocol (COIN:NEARUSD) fell more than 5%. Solana (COIN:SOLUSD), Ethereum (COIN:ETHUSD), Mantle (COIN:MNTLLUSD), and Uniswap (COIN:UNIUSD) lost over 4%. DogeCoin (COIN:DOGEUSD), Maker (COIN:MKRUSD),…
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Retail Sales Up More Than Expected, First-Time U.S. Unemployment Claims Unexpectedly Down
The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The report said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June. Economists had expected retail sales to rise by 0.3…
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Strong Retail Sales Data May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward trend seen over the past several sessions. Easing concerns about the economic outlook may generate continued buying interest on Wall Street after the Commerce Department released a report showing much stronger than expected retail…