Category: Latest News
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Metropolitan Home Prices, Consumer Confidence Reports Due
Standard & Poor’s is scheduled to release its report on home prices in major metropolitan areas in the month of April at 9 am ET. At 10 am ET, the Conference Board is due to release its report on consumer confidence in the month of June. The consumer confidence index is expected to dip to…
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Futures Pointing To Another Mixed Performance On Wall Street
The major U.S. index futures are currently pointing to a mixed open on Tuesday, as the Dow futures are down by 0.2 percent but the Nasdaq futures are up by 0.4 percent. U.S. stocks ended mixed on Monday as investors stayed largely cautious ahead of some crucial economic data, including a report on personal income…
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U.S. Index Futures Mixed Following Tech Sell-Off, WTI and Brent Crude Dip Slightly
U.S. index futures showed mixed results in Tuesday’s pre-market, following a tech sector sell-off the previous day, resulting in the Nasdaq Composite’s worst performance since April. Investors are focusing on financial results from Carnival and FedEx, along with a series of economic indicators to be released throughout the day. At 6:54 AM, Dow Jones futures…
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SolarEdge Stock Falls 13%, Wegovy Approved in China, Grail Nasdaq Debut, Apple Rejects Meta Chatbot
SolarEdge Technologies (NASDAQ:SEDG) – SolarEdge Technologies faces a 13.1% drop in pre-market trading after announcing the issuance of $300 million in senior convertible notes due 2029 and revealing that PM&M Electric, a customer owing $11.4 million, has declared bankruptcy under Chapter 7. Novo Nordisk (NYSE:NVO) – Novo Nordisk announced the approval of Wegovy in China,…
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U.S. Stocks End Mixed After Cautious Session
U.S. stocks ended mixed on Monday as investors stayed largely cautious ahead of some crucial economic data, including a report on personal income & spending due later in the week. Among the major averages, the Dow closed higher, extending gains to a fifth straight session. The index ended up by 260.88 points or 0.67 percent…
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Bitcoin Drops to $60,000, Mt. Gox to Reimburse Creditors in July, Riot Platforms Board Restructures
Bitcoin drops to $60,000, lowest level in over a month The price of Bitcoin (COIN:BTCUSD) continued its decline, reaching a low of $59,668.41 on Monday. The cryptocurrency is down 4.5% at the time of writing, trading at $60,330.90. This is about 17% below its March record. Cryptocurrency investments have seen significant outflows in the past…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to extend the lackluster performance seen during last Friday’s session. Traders may be reluctant to make significant moves ahead of the release of some key U.S. economic data later in the week. On Friday, the Commerce Department…
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U.S. Index Futures Show Mixed Results, Oil Prices Edge Lower
U.S. index futures show mixed results this Monday, with markets entering the last week of June and the first half of 2024 near highs. Investors are focused on the release of the Personal Consumption Expenditures (PCE) index on Friday, the Federal Reserve’s preferred inflation gauge for guiding interest rate decisions. At 6:31 AM, Dow Jones…
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UPS Divests Coyote Logistics in $1.025 Billion Deal with RXO, Under Armour Agrees to $434 million Settlement, and More News
United Parcel Service (NYSE:UPS) – United Parcel Service will sell its Coyote Logistics unit to RXO for $1.025 billion. The transaction will be financed through equity and debt, including significant investments from MFN Partners and Orbis Investments. The sale allows UPS to focus more on its core business. Under Armour (NYSE:UAA) – Under Armour agreed…
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U.S. Stocks Close Mixed Following Lackluster Session
Following the mixed performance seen in the previous sessions, stocks showed a lack of direction over the course of the trading day on Friday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow (DOWI:DJI) inched up 15.57 points…