Category: Latest News
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Dimon: U.S. Economy Slowing, But Not a “Disaster”
JPMorgan Chase CEO Jamie Dimon has said that the U.S. economy is slowing down, though he does not consider the situation a “disaster.” Speaking to CNBC, Dimon noted that he maintains a more cautious perspective on inflation than many other analysts, highlighting that “there is a lot of conflicting data which is not perfect.” He…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets await Micron earnings, U.S. flash PMIs, and Powell remarks
U.S. stock futures traded mostly flat Tuesday as investors awaited key developments from chipmaker Micron (NASDAQ:MU) and speeches by Federal Reserve officials. Optimism surrounds Micron’s report, fueled by strong demand expectations for its processors used in AI infrastructure. Meanwhile, early readings on U.S. business activity for September may offer clues on corporate momentum heading into…
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Dollar gains slightly ahead of Powell speech; euro eases back
The U.S. dollar edged up on Tuesday as investors awaited comments from Federal Reserve Chair Jerome Powell later in the session, following the central bank’s recent interest rate cut. By 03:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against six major currencies, ticked 0.1% higher to 97.012, rebounding modestly after yesterday’s decline.…
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Gold Surges Past $3,750/oz Amid Rate-Cut Uncertainty; Powell Speech in Focus
Gold prices reached new record highs in Asian trading on Tuesday, fueled by safe-haven demand as recent comments from Federal Reserve officials prompted caution over potential interest rate cuts. Investors are closely watching a series of U.S. economic releases this week, including a key address from Fed Chair Jerome Powell later today. August’s PMI data…
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Oil Extends Losses Amid Iraq-Kurdistan Pipeline Agreement and Oversupply Concerns
Oil prices continued their downward trend for a fifth consecutive session on Tuesday, as a preliminary deal between Iraq and Kurdish regional authorities to restart a major oil pipeline added pressure to already abundant global supply. Brent crude futures fell 34 cents, or 0.51%, to $66.23 a barrel by 06:39 GMT, while U.S. West Texas…
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U.S. Stocks Reach New Record Highs After Recovering From Initial Pullback
After recovering from an initial move to the downside, stocks moved mostly higher over the course of the trading session on Monday. While the tech-heavy Nasdaq led the charge, the major averages all reached new record closing highs. The major averages ended the day just off their highs of the session. The Nasdaq advanced 157.50…
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Toast shares slide after software price cuts for small restaurants
Toast Inc (NYSE:TOST) stock fell 5% Monday morning following the company’s announcement of substantial price reductions for its software packages targeting smaller restaurants, raising concerns about competitive pressures in the sector. According to Baird analyst David Koning, who tracks Toast’s pricing weekly, monthly fees for the “Core” and “Growth” software packages have been lowered by…
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Ionis shares rise after positive results for Alexander disease therapy
Ionis Pharmaceuticals (NASDAQ:IONS) stock climbed 5% following the announcement of encouraging topline results from a pivotal study of zilganersen in patients with Alexander disease, a rare and often fatal neurological disorder with no approved disease-modifying treatments. The company reported that zilganersen 50 mg demonstrated statistically significant stabilization in gait speed compared to control, with a…
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Quantum Computing shares drop after $500M private placement
Quantum Computing Inc. (NASDAQ:QUBT) stock fell 12.1% in premarket trading Monday following the announcement of a $500 million private placement of common stock to institutional investors. The integrated photonics and quantum optics company said it will sell 26,867,276 shares in an oversubscribed private placement priced at market under Nasdaq rules. The offering is expected to…
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AgriFORCE shares surge after rebranding to AVAX One with $550M fundraising plan
AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) stock jumped 183% in premarket trading Monday after the company announced it will rebrand as AVAX One and launch a roughly $550 million fundraising initiative to invest in Avalanche’s native token. The company aims to become the first NASDAQ-listed entity with a dedicated strategy to maximize AVAX token holdings, creating…