Category: Latest News
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Microsoft and Meta Decline Up to 4%; Roku Falls 14% Amid Lower Estimates; Booking Surges 6%; Carvana Soars 20%
Microsoft (NASDAQ:MSFT) – Microsoft exceeded expectations in the first fiscal quarter with earnings per share of $3.30 (above the expected $3.10) and revenue of $65.59 billion (surpassing the estimated $64.51 billion). Microsoft’s Intelligent Cloud segment reported revenue of $24.09 billion, a 20% increase, slightly above StreetAccount’s expectation of $24.04 billion. Despite a 16% year-over-year revenue…
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U.S. Stocks Finish Choppy Trading Day Mostly Lower On Late-Day Weakness
Stocks showed a lack of direction throughout much of the session on Wednesday but came under pressure in the latter part of the trading day. The major averages spent most of the day bouncing back and forth across the unchanged before sliding more firmly into negative territory. After reaching a new record intraday high in…
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BlackRock ETF Reaches $30B in AUM; Starknet Hits Record 857 TPS; Polymarket Under Investigation for Wash Trading
Bitcoin ETFs see record day; BlackRock’s IBIT reaches $30 billion in assets under management On October 29, the 12 U.S. spot bitcoin ETFs saw $870 million in net inflows, marking one of the top 10 days since the ETFs’ inception. BlackRock’s (NASDAQ:IBIT) ETF recorded inflows of $642.87 million – its largest daily inflow in over…
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Private Sector Employment Up More Than Expected; U.S. Economic Growth Unexpectedly Slowed
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. shot up by much more than anticipated in the month of October. ADP said private sector employment surged by 233,000 jobs in October after jumping by an upwardly revised 159,000 jobs in September. Economists had expected private sector employment to…
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Mixed Earnings, Economic News May Lead To Choppy Trading
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the mixed performance seen in the previous session. A mixed batch of corporate earnings and U.S. economic news may lead to choppy trading on Wall Street early in the session.…
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US Futures Rise as Tech Earnings Drive Market Optimism; Oil Prices Edge Up
U.S. index futures rose slightly in Wednesday’s pre-market as traders assessed Alphabet (NASDAQ:GOOGL)’s strong quarterly results released post-close, while AMD (NASDAQ:AMD) shares dropped significantly after a disappointing revenue forecast. Investors await additional tech earnings reports and economic growth data. At 5:46 AM ET, Dow Jones futures (DOWI:DJI) remained stable at 42,446.00 points. S&P 500 futures…
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Google Cloud Revenue Grows 35%; AMD Stock Drops 8%, Qorvo Plummets 18%, Reddit Surges 24% in Pre-Market
Alphabet (NASDAQ:GOOGL) – Alphabet exceeded expectations in Q3, with earnings per share of $2.12, surpassing the $1.85 estimate, and revenue of $88.27 billion, beating the forecast of $86.30 billion. Net income rose to $26.3 billion. YouTube’s ad revenue reached $8.92 billion, while the Other Bets division saw revenue expand to $388 million. Google Cloud revenue,…
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Nasdaq Reaches New Record Closing High But Dow Moves Lower
The major U.S. stock indexes all moved higher during trading on Monday but returned to the mixed performance seen to close out the previous week on Tuesday. While the tech-heavy Nasdaq showed a notable advance to reach a new record closing high, the Dow closed lower for the sixth time in the past seven sessions.…
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Bitcoin Surpasses $72K Before Elections; Consensys Lays Off Staff and Sues SEC
Bitcoin reaches $72,992 peak before US elections Bitcoin (COIN:BTCUSD) rose 4% in the last 24 hours, currently at $72,720, after hitting an intraday high of $72,992, its highest level since Q2 2024. This increase was driven by factors like the US presidential election and support from candidates like Trump, who advocates for a strategic Bitcoin…
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Futures Pointing To Modestly Lower Open On Wall Street
The major U.S. index futures are currently pointing to modestly lower open on Tuesday, with stocks likely to give back ground after ending the previous session mostly higher. Uncertainty ahead of the release of key U.S. economic data in the coming days may lead some traders to cash in on yesterday’s gains. The monthly jobs…