Category: Latest News
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Tech-Led Decline in U.S. Index Futures Pre-Market, Oil Prices Steady After U.S. Inventory Drop
U.S. index futures are registering a significant drop in pre-market trading this Wednesday, with the technology sector being the most affected. At 5:50 AM, Dow Jones futures (DOWI:DJI) fell 78 points, or 0.19%. S&P 500 futures lost 0.74%, and Nasdaq-100 futures retreated 1.23%. The 10-year Treasury yield stood at 4.17%. In the commodities market, oil…
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Spirit Airlines Cuts Revenue Forecast, J.B. Hunt Disappoints Analysts’ Estimates, and More Earnings Updates
Spirit Airlines (NYSE:SAVE) – Spirit Airlines reduced its revenue forecast for the second quarter to $1.28 billion, down from the previous estimate of $1.32-1.34 billion, due to lower ancillary revenue. Revenue per passenger is estimated at $64, below expectations. The adjusted negative operating margin is projected between 13.5% and 12.5%. Shares fell 6.33% in pre-market…
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HSBC Names New CEO, Tesla Moves Headquarters to Texas, ASML Faces Trade Restrictions, GitLab Considers Sale
HSBC Holdings (NYSE:HSBC) – HSBC has appointed Georges Elhedery, its current Chief Financial Officer, as the new CEO, reinforcing its strategy of continuity and growth. He will succeed Noel Quinn in September, marking the bank’s third leadership transition in less than eight years, maintaining its policy of internal promotion. As the new leader, Elhedery will…
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Dow Surges To New Record Closing High On Upbeat Earnings News
Extending the upward move seen over the two previous sessions, stocks moved mostly higher during trading on Tuesday. The Dow led the charge, surging to a new record closing high. The Dow jumped 742.76 points or 1.9 percent to 40,954.48, the S&P 500 climbed 35.98 points or 0.6 percent to a new record closing high…
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Mt. Gox Distributes Funds, Ether ETF Outlook, Zcash Decentralized Finance, WLD Soars
Distribution of Mt. Gox funds and its impact on the Bitcoin market Kraken exchange customers were informed via email that Mt. Gox refunds had been transferred to Kraken, with distribution expected within 7 to 14 days. Arkham Intelligence noted the movement of 48,641 Bitcoins, valued at $3.1 billion, from a Mt. Gox fiduciary wallet, suggesting…
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U.S. Retail Sales Unchanged, Import Prices Unexpectedly Flat
With steep declines in auto and gasoline sales offset by strength in other areas, the Commerce Department released a report on Tuesday showing U.S. retail sales came in unchanged in the month of June. The Commerce Department said retail sales came in flat in June after rising by an upwardly revised 0.3 percent in May.…
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U.S. Stocks May See Further Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to add to the gains posted in the previous session. A positive reaction to some of the latest earnings news may generate early buying interest, with shares of Bank of America (NYSE:BAC) moving notably higher in pre-market trading…
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US Index Futures Steady, Oil Prices Dip Amid China Slowdown, Key Earnings Reports Ahead
U.S. index futures are mostly steady in pre-market trading on Tuesday, following a record Dow Jones closing for the 20th time this year on the previous day. At 5:36 AM, Dow Jones futures (DOWI:DJI) rose 33 points, or 0.08%. S&P 500 futures gained 0.02%, and Nasdaq-100 futures increased by 0.01%. The 10-year Treasury yield stood…
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Match Group Soars 8% Amid Potential Sale Pressure; Deutsche Bank Anticipates 2Q Loss, and More
Match Group (NASDAQ:MTCH) – The activist investor Starboard, which holds more than 6.5% of Match, the owner of Tinder, is pushing for a sale of the company if the recovery does not occur, according to the Wall Street Journal. Starboard suggests improvements in Tinder, Match’s primary revenue source, and sees potential in Hinge. If changes…
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Stocks Close On Firm Note; Dow, S&P Hit Fresh Closing Highs
U.S. stocks closed on a firm note on Monday with two of the three major indices moving on to record fresh highs, thanks to strong buying at several counters from across various sectors. Optimism about interest rate cuts by the Fed, and rising prospects of former President Donald Trump winning the upcoming presidential elections rendered…