Category: Latest News
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Nvidia AI Chip Delays, Mars Eyes Kellanova Acquisition, Berkshire Hathaway’s Cash Surge to $277 Billion
Nvidia (NASDAQ:NVDA) – According to Reuters, design flaws could delay the launch of Nvidia’s new AI chips by up to three months, affecting customers like Meta, Google, and Microsoft. The Blackwell series, succeeding the Grace Hopper Superchip, faces production issues, impacting orders from these major companies. Shares fell 7% pre-market. Kellanova (NYSE:K) – Mars, the…
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Disappointing Jobs Data, Earnings Lead To Extended Sell-Off On Wall Street
Stocks moved sharply lower during trading on Friday, adding to the steep losses posted during Thursday’s session. With the extended sell-off, the tech-heavy Nasdaq dropped to its lowest closing level in two months and the S&P 500 hit a nearly two-month closing low. The major averages ended the day off their lows of the session…
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Employment Increased Much Less Than Expected; Unemployment Rate Rose
The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of July. The report said non-farm payroll employment climbed by 114,000 jobs in July after jumping by a downwardly revised 179,000 jobs in June. Economists had expected employment to rise by…
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Economic Worries, Disappointing Earnings May Lead To Extended Sell-Off
The major U.S. index futures are currently pointing to a sharply lower open on Friday, with stocks likely to extend the sell-off seen over the course of the previous session. Concerns about the outlook for the U.S. economy may continue to weigh on Wall Street following the release of a closely watched Labor Department report…
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U.S. Stocks Move Sharply Lower As Data Raises Economic Concerns
After extending yesterday’s rally early in the session, stocks moved sharply lower over the coursed the trading day on Thursday. The major averages all showed substantial moves to the downside. The tech-heavy Nasdaq plunged 405.25 points or 2.3 percent to 17,194.15, the S&P 500 (SPI:SP500) tumbled 75.62 points or 1.4 percent to 5,446.68 and the…
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First-Time Unemplyment Benefit Claims Rose More Than Expected; Labor Productivity Also Up
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended July 27th. The report said initial jobless claims climbed to 249,000, an increase of 14,000 from…
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Futures Pointing 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 see further upside following the rally seen in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from Facebook parent Meta Platforms (NASDAQ:META). Shares of Meta are surging by 8.8 percent…
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U.S. Stocks Rally On Upbeat Earnings News, Rate Cut Optimism
After moving sharply higher early in the session, stocks continued to turn in a strong performance throughout the trading day on Wednesday. The major averages all moved to the upside after ending Tuesday’s trading mixed, with the tech-heavy Nasdaq posting a particularly strong gain. The Nasdaq soared 451.98 points or 2.6 percent to 17,599.40, more…
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Fed Impact in Crypto Market, California DMV Adopts Avalanche Blockchain, Riot Boosts Bitfarms Stake
Impact of Mt. Gox BTC distribution and Federal Reserve decision on Bitcoin price Bitcoin’s price remained stable after Mt. Gox transferred $2 billion in BTC on Tuesday, nearing the completion of its $9 billion distribution. A total of 47,229 BTC was moved, with 33,105 BTC possibly destined for BitGo, valued at $2.19 billion. This movement…
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Private Sector Employment Up Less Tahn Expected
Private sector employment in the U.S. increased by less than expected in the month of July, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment climbed by 122,000 jobs in July after jumping by an upwardly revised 155,000 jobs in June. Economists had expected private sector employment to…