Category: Latest News
-
U.S. First-Time Unemployment Benefit Claims Down Slightly
First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday. The report said initial jobless claims dipped to 245,000, a decrease of 5,000 from the previous week’s revised level of 250,000. Economists had expected jobless claims to slip to…
-
Dow Jones, S&P, Nasdaq, U.S. Stocks May Move Modestly Higher In Early Trading
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a modestly higher open on Wednesday, with stocks likely to move back to the upside after coming under pressure over the course of the previous session. The upward momentum on Wall Street comes despite ongoing concerns about the ongoing…
-
Citi Highlights Oil Price Trends as a Key Driver for Stock Markets Amid Israel-Iran Conflict
Analysts at Citigroup emphasize that fluctuations in oil prices will play a crucial role in shaping stock market trends in the near future, as investors keep a close eye on the escalating tensions in the Middle East. In a recent client briefing, Citi noted that geopolitical conflicts such as the Israel-Iran confrontation typically have short-term…
-
Honda Initiates Recall of Over 259,000 Vehicles in the U.S. Due to Brake Pedal Defect
Honda Motor Company (NYSE:HMC) announced a recall involving 259,033 vehicles in the United States after the U.S. National Highway Traffic Safety Administration (NHTSA) identified a potential safety issue with the brake pedal. The problem involves the brake pedal possibly shifting out of its intended position. This recall covers several models, including Acura TLX vehicles from…
-
Gold Steady as Fed Decision Approaches Amid Rising Middle East Tensions
Gold prices held firm during Wednesday’s Asian trading session as investors adopted a cautious approach ahead of the Federal Reserve’s anticipated announcement on interest rates. The metal’s status as a safe-haven asset gained strength amid escalating conflict between Israel and Iran, compounded by reports of possible direct U.S. military action in the region. Earlier this…
-
U.S. Stock Futures Gain Amid Middle East Tensions and Fed Meeting Approaches
U.S. stock futures showed modest gains early Wednesday as investors navigated growing instability in the Middle East alongside anticipation of the Federal Reserve’s upcoming interest rate decision. By 3:30 a.m. ET, futures for the Dow Jones increased by 0.2%, while the S&P 500 and Nasdaq 100 futures climbed 0.3% each. Market Recap from Tuesday The…
-
U.S. Stocks Move Notably Lower Amid Geopolitical Concerns
Stocks moved notably lower during trading on Tuesday, giving back ground following the rebound seen in the previous session. The Nasdaq slid 180.12 points or 0.9 percent to 19,521.09, the S&P 500 (SPI:SP500) decreased 50.39 points or 0.8 percent to 5,982.72 and the Dow fell 299.29 points or 0.7 percent to 42,215.80. The early pullback…
-
Tesla to Temporarily Halt Cybertruck and Model Y Production at Austin Plant for One Week
Tesla (NASDAQ:TSLA) is set to pause manufacturing of its Cybertruck and Model Y models at the Austin factory for one week starting June 30, with production expected to resume the following week. According to a recent report from Business Insider, the automaker informed employees during a meeting earlier this month about the planned shutdown. This…
-
Chevron Stock Rises on Entry Into U.S. Lithium Market Through Strategic Land Acquisition
Shares of Chevron Corporation (NYSE:CVX) climbed 2% after the energy major revealed its initial foray into the lithium sector with the purchase of roughly 125,000 net acres of mineral-rich land. This marks a significant step in Chevron’s efforts to diversify its energy portfolio amid growing demand for battery materials. The acreage, located across Northeast Texas…
-
KLA-Tencor Stock Hits Record High Amid Strong Earnings and Market Optimism
KLA-Tencor Corporation (NASDAQ:KLAC) reached a new all-time high of $896.52 per share, highlighting its powerful momentum in the semiconductor equipment industry. The company now boasts a market valuation of approximately $117.88 billion. Despite the milestone, some analysts have flagged potential overvaluation, citing technical signals that suggest the stock may be in overbought territory. The stock’s…