Category: Latest News
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U.S. Stocks Rally As Economic Optimism Overshadows Election Uncertainty
Stocks showed a lack of direction over the course of Monday’s session before closing moderately lower but showed a strong move back to the upside during trading on Tuesday. The tech-heavy Nasdaq helped lead the way higher. The major averages ended the day off their highs of the session but still firmly positive. The Nasdaq…
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Bitcoin Surpasses $70K; New Global Network for USDG Stablecoin; Chainlink, UBS, and Swift Test Tokenized Settlements
Bitcoin faces optimistic pre-election outlook Bitcoin (COIN:BTCUSD) has risen by 3.6% in the last 24 hours, reaching $70,223, driven by investor optimism surrounding the upcoming US presidential election. This election will determine control of the White House and Congress, which will directly impact cryptocurrency regulations. The presidency and Congress will shape whether the crypto market…
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U.S. Trade Deficit Increases Substantially
A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped. The Commerce Department said the trade deficit widened to $84.4 billion in September from a revised $70.8 billion in August. Economists had expected…
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Futures Pointing To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to modestly higher open on Tuesday, with stocks likely to move back to the upside after ending yesterday’s lackluster session moderately lower. Stocks may regain ground following the lower close on Monday, although trading activity is likely to remain subdued as Election Day gets underway. Polls show…
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U.S. Index Futures Rise as Election Looms; Oil and Gold Prices Steady
U.S. index futures rose slightly in pre-market trading on Tuesday as markets await the outcome of a tight presidential race between Trump and Harris. With voting set to begin and an uncertain race that could delay vote counts, caution prevails. Additionally, the Federal Reserve’s decision and earnings reports are expected to impact markets in the…
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Boeing Ends Strike; Leadership Changes at Dollar Tree and Southwest; PLTR, HIMS, and ALAB Soar; MQ and LSCC Decline
Boeing (NYSE:BA) – Boeing workers on the U.S. West Coast ended a seven-week strike after approving a contract that includes a 38% wage increase over four years. The strike, which impacted 737 MAX production and other models, cost Boeing about $100 million per day. The contract also includes a $12,000 bonus and increased 401(k) contributions.…
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U.S. Stocks Finish Choppy Trading Day Moderately Lower
After turning in a strong performance during last Friday’s session, stocks showed a lack of direction over the course of the trading day on Monday. The major averages bounced back and forth across the unchanged line before eventually closing in negative territory. The Dow underperformed its counterparts, sliding 257.59 points or 0.6 percent to 41,794.60.…
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US Elections Intensify Bitcoin Volatility; Ethereum Celebrates 11 Years; Solana Records Highest Monthly Activity
US elections and crypto volatility: Bitcoin may rise 47.8% after results Global crypto funds, managed by giants like BlackRock and Grayscale, received net inflows of $2.18 billion last week, reaching $29.2 billion year-to-date, according to CoinShares. This flow was driven by political expectations, with election poll shifts impacting Bitcoin’s sensitivity. Total assets under management surpassed…
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Election Uncertainty May Lead To Choppy Trading 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 in early trading. Traders may be reluctant to make significant moves ahead of the U.S. elections on Tuesday, as Vice President Kamala Harris faces off against former President Donald Trump. With…
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Tesla Sales Drop; Intel to Exit Dow Jones After 25 Years; VKTX and ATSG Surge Over 20% Pre-Market
Tesla (NASDAQ:TSLA) – Tesla sold 68,280 China-made vehicles in October, a 5.3% drop from the previous year, with Model 3 and Model Y deliveries down 22.7% month-over-month. Tesla extended its interest-free financing for certain models into November after exceeding third-quarter profit expectations but was outperformed by BYD in revenue. Additionally, Tesla sold $499 million in…