Category: Latest News
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Nvidia Overtakes Microsoft To Become World’s Most Valuable Company
Nvidia’s (NASDAQ:NVDA) share price climbed to an all-time high on Tuesday, boosting its value to make it the world’s highest valued company. The company’s stock price finished the trading day at almost $136, a rise of 3.5%, which means the company is now valued at $3.34 trillion. The price has nearly doubled since the start…
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Crypto market falls, Bitcoin ETF outflows, DJT token surges
Cryptocurrency market fall on Tuesday The cryptocurrency market is suffering on Tuesday, reflecting concerns about the global economy and lower liquidity in the summer. Bitcoin (COIN:BTCUSD) fell below $65,000 for the first time since mid-May, hitting a low of $64,237, and was trading at $64,500 at the time of writing. Ether (COIN:ETHUSD) is down 3%…
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U.S. Stocks Finish Choppy Trading Session Modestly Higher
Following the strong upward move seen over the course of the previous session, stocks turned in a relatively lackluster performance during trading on Tuesday. Despite the choppy trading, the S&P 500 and the Nasdaq once again reached new record closing highs. The major averages all finished the day modestly higher. The S&P 500 (SPI:SP500) climbed…
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Retail Sales Slightly Up
Retail sales in the U.S. inched slightly higher in the month of May, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales crept up by 0.1 percent in May after dipping by a revised 0.2 percent in April. Economists had expected retail sales to rise by 0.2…
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U.S. Stocks May Experience Choppy Trading Early On
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to experience choppy trading after ending the previous session sharply higher. The futures remained little changed after the Commerce Department released a report showing retail sales in the U.S. inched up slightly less than expected in the…
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U.S. Futures Show Mixed Trends Ahead of May Retail Sales Data, Oil Prices Edge Lower
U.S. index futures show mixed behavior in pre-market trading this Tuesday, following a day of gains on Wall Street. Investors are adjusting their positions in response to expectations of forthcoming economic data releases. As of 6:31 AM, Dow Jones futures (DOWI:DJI) dropped by 5 points, or 0.01%. S&P 500 futures advanced by 0.07%, and Nasdaq-100…
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Fisker Files for Bankruptcy, Chegg Stocks Rise on 23% Workforce Reduction, and More
Fisker (NYSE:FSR) – The American electric vehicle manufacturer filed for bankruptcy last night, aiming to sell its assets and restructure debts following severe financial challenges in the production and delivery of its “Ocean” SUVs. Fisker, declaring bankruptcy under Chapter 11, reported assets valued between $500 million and $1 billion and liabilities ranging from $100 million…
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Nasdaq, S&P 500 Reach New Record Closing Highs
Stocks showed a lack of direction early in the session on Monday but moved notably higher over course of the trading day. The major averages all moved to the upside, with the Nasdaq and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels going into the close…
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US BTC ETFs Suffered $621 million Outflows Last Week, ASX Approves VanEck ETF, and More
Crypto ETP outflows hit $600 million after Fed’s aggressive stance The Federal Reserve’s aggressive stance caused the worst week for outflows from crypto ETPs since March, totaling $600 million. The reduction in rate cut forecasts for 2024 affected institutional investor confidence. Bitcoin ETFs experienced outflows of $621 million, while Ethereum, XRP, and Lido ETPs saw…
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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 continue to show a lack of direction after ending last Friday’s trading little changed. Traders may stick to the sidelines as they take a moment to assess the recent activity in the markets and the near-term…