Category: Latest News
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U.S. Futures Edge Up as Election and Fed Rate Decision Loom; Oil Prices Rise as OPEC+ Delays Production Increase
U.S. index futures rose slightly in pre-market trading on Monday as investors focused on the presidential election and the Federal Reserve’s rate decision. Tuesday’s election is seen as a crucial catalyst; a divided Congress would maintain the status quo, while a unified victory could bring new spending and tax reform plans. Additionally, the market is…
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Upbeat Earnings News Contributes To Rebound On Wall Street
Following the sell-off seen during Thursday’s session, stocks showed a strong move back to the upside in early trading on Friday. The major averages gave back some ground over the course of the trading day but remained firmly in positive territory. The tech-heavy Nasdaq led the way higher, advancing 144.77 points or 0.8 percent to…
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Institutional Investment in Solana Grows 54%; Polkadot 2.0 Enhances Governance; UBS Launches Tokenized Fund on Ethereum
Bitcoin rises as dollar weakens after weak US job data On November 1, Bitcoin (COIN:BTCUSD) hit an intraday low of $68,750.37 but rebounded to $69,905, marking a -0.4% drop in the last 24 hours. This recovery followed US employment data showing only 12,000 new jobs in October, far below the expected 106,000, weakening the dollar…
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U.S. Employment Edges Up
With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October. The Labor Department said non-farm payroll employment crept up by 12,000 jobs in October after jumping by…
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Upbeat Amazon, Intel Earnings May Spark Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground following the sell-off seen in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from big-name companies like Amazon (NASDAQ:AMZN) and Intel (NASDAQ:INTC). Shares of Amazon are surging by…
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Index Futures Rise on Jobs Report and Chevron, Exxon Earnings Anticipation; Oil Prices Surge
U.S. index futures rose in Friday’s pre-market, fueled by anticipation of key earnings reports from Chevron and Exxon Mobil, as investors awaited the crucial jobs report and the conclusion of the most intense week of S&P 500 earnings season. At 6:08 AM, Dow Jones futures (DOWI:DJI) rose 108 points, or 0.26%. S&P 500 futures gained…
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Amazon Up 6%, Atlassian Jumps 20%; Intel Posts Surprising Profit; Abbott Wins Infant Formula Lawsuit
Amazon (NASDAQ:AMZN) – Amazon exceeded expectations for the third quarter with earnings per share of $1.43, compared to the anticipated $1.14, and revenue of $158.88 billion, surpassing estimates of $157.2 billion. AWS performed slightly below expectations with revenue of $27.4 billion, while advertising rose 19% to $14.3 billion. Next quarter’s revenue projection between $181.5 billion…
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Negative Reaction To Microsoft, Meta Results Leads To Sell-Off On Wall Street
After moving sharply lower early in the session, stocks continued to see considerable weakness throughout the trading day on Thursday. The Nasdaq saw a particularly steep drop on the day amid a sell-off by technology stocks. The major averages saw further downside going into the close, ending the session near their worst levels of the…
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BTC and ETH Fall Today, Rise in October; MSTR Plans $42 Billion BTC Investment; Crypto.com Acquires Watchdog Capital
Bitcoin falls below $71,000 after PCE data, while Ethereum sees sharp drop Bitcoin (COIN:BTCUSD) fell below $71,000 late Thursday morning, trading at $70,360, a 2.8% drop over the last 24 hours. This movement was in response to September’s Personal Consumption Expenditures (PCE) index data, which did not spur any expected rise in the crypto market.…
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Personal Consumption Expenditures (PCE) Rose Slightly in September
The Commerce Department on Thursday released its report on U.S. personal income and spending in the month of September, which includes the Federal Reserve’s preferred readings on consumer price inflation. The report said the personal consumption expenditures (PCE) price index rose by 0.2 percent in September after inching up by 0.1 percent in August. The…