Category: Latest News

Bitcoin and cryptocurrencies rebound after positive economic data and ETFs impact Bitcoin’s price (COIN:BTCUSD) reached a peak of $61,720 during Asian trading before retreating to just over $60,220 within 24 hours. This recovery followed lower-than-expected jobless claims, calming investors and leading to a market-wide rebound after Monday’s sharp decline. Additionally, the recovery mirrored the positive…

The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to give back ground after moving sharply higher in the previous session. Traders may look to cash in on yesterday’s rally, which saw the S&P 500 post its biggest percentage gain since November 2022. Lingering concerns about the…

U.S. stock futures advanced in pre-market trading on Friday, extending the recovery seen on Thursday after Monday’s selloff. Despite recent gains, the S&P 500, Nasdaq, and Dow are still down for the week. At 5:07 AM ET, Dow Jones futures (DOWI:DJI) rose 70 points or 0.18%. S&P 500 futures gained 0.34%, and Nasdaq-100 futures advanced…

Sweetgreen (NYSE:SG) – The healthy restaurant chain reported second-quarter revenue of $184.6 million, up 21% year-over-year, above the $180.8 million expected. The company reduced its net loss to $14.5 million and raised its annual revenue forecast to $670-680 million. Same-store sales are expected to grow 5% to 7%. Shares rose 22.2% in pre-market trading. Doximity…

Crypto market rises with US unemployment improvement In the last 24 hours, Bitcoin’s price (COIN:BTCUSD) surged 8.1% to $59,475 on Thursday, driven by better-than-expected US unemployment data. Initial jobless claims were 233,000, below forecasts, boosting economic optimism and easing recession fears. Ethereum (COIN:ETHUSD) rose 10.8% to $2,588, while Solana (COIN:SOLUSD) (8.6%), Binance Coin (COIN:BNBUSD) (6.7%),…

First-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended August 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 233,000, a decrease of 17,000 from the previous week’s revised level of to 250,000. Economists had expected jobless…

The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside following the downturn seen over the course of the previous session. The advance by the futures came after the Labor Department released a report showing first-time claims for U.S. unemployment benefits pulled…

U.S. index futures fell in pre-market trading on Thursday, signaling persistent market volatility. Following a tumultuous Wednesday, these movements suggest that economic and geopolitical concerns will continue to keep investors cautious in the coming months. At 4:43 AM ET, Dow Jones futures (DOWI:DJI) fell 95 points or 0.24%. S&P 500 futures lost 0.20%, and Nasdaq-100…