Category: Latest News
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Dow Jones, S&P, Nasdaq, Wall Street U.S. Futures Flat as Markets Await Powell Speech
U.S. stock index futures signaled a muted open on Tuesday, with traders showing little appetite for big moves as they waited for comments from Federal Reserve Chair Jerome Powell later in the day. Powell is set to deliver a speech on the economy at the Greater Providence Chamber of Commerce’s 2025 Economic Outlook Luncheon. His…
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Johnson & Johnson to Pull Acid Reflux Device from International Markets
Johnson & Johnson (NYSE:JNJ) announced plans to remove its LINX Reflux Management System from markets outside the United States, according to a Bloomberg report on Tuesday. JNJ shares were up 0.9% in premarket trading. The company said the withdrawal, scheduled to begin in March, is for commercial reasons and not linked to any safety or…
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TSMC and Foxconn Stocks Rally on Nvidia’s $100 Billion OpenAI Investment
Shares of key Nvidia (NASDAQ:NVDA) partners, including Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and Foxconn (USOTC:FXCOF), climbed on Tuesday following the announcement that the U.S. chipmaker plans to invest up to $100 billion in OpenAI to expand AI data center infrastructure. The agreement involves supplying data center chips and deploying at least 10 gigawatts of computing…
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Kenvue Shares Bounce Back Despite Trump Remarks on Painkiller and Autism
Kenvue (NYSE:KVUE) saw its shares rise in premarket trading on Tuesday, recovering from a record low the day before, even after U.S. President Donald Trump linked Tylenol use during pregnancy to an increased autism risk during a White House press briefing. The stock climbed roughly 6% in premarket trade. Kenvue shares had fallen 7.5% on…
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Dimon: U.S. Economy Slowing, But Not a “Disaster”
JPMorgan Chase CEO Jamie Dimon has said that the U.S. economy is slowing down, though he does not consider the situation a “disaster.” Speaking to CNBC, Dimon noted that he maintains a more cautious perspective on inflation than many other analysts, highlighting that “there is a lot of conflicting data which is not perfect.” He…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets await Micron earnings, U.S. flash PMIs, and Powell remarks
U.S. stock futures traded mostly flat Tuesday as investors awaited key developments from chipmaker Micron (NASDAQ:MU) and speeches by Federal Reserve officials. Optimism surrounds Micron’s report, fueled by strong demand expectations for its processors used in AI infrastructure. Meanwhile, early readings on U.S. business activity for September may offer clues on corporate momentum heading into…
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Dollar gains slightly ahead of Powell speech; euro eases back
The U.S. dollar edged up on Tuesday as investors awaited comments from Federal Reserve Chair Jerome Powell later in the session, following the central bank’s recent interest rate cut. By 03:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against six major currencies, ticked 0.1% higher to 97.012, rebounding modestly after yesterday’s decline.…
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Gold Surges Past $3,750/oz Amid Rate-Cut Uncertainty; Powell Speech in Focus
Gold prices reached new record highs in Asian trading on Tuesday, fueled by safe-haven demand as recent comments from Federal Reserve officials prompted caution over potential interest rate cuts. Investors are closely watching a series of U.S. economic releases this week, including a key address from Fed Chair Jerome Powell later today. August’s PMI data…
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Oil Extends Losses Amid Iraq-Kurdistan Pipeline Agreement and Oversupply Concerns
Oil prices continued their downward trend for a fifth consecutive session on Tuesday, as a preliminary deal between Iraq and Kurdish regional authorities to restart a major oil pipeline added pressure to already abundant global supply. Brent crude futures fell 34 cents, or 0.51%, to $66.23 a barrel by 06:39 GMT, while U.S. West Texas…
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U.S. Stocks Reach New Record Highs After Recovering From Initial Pullback
After recovering from an initial move to the downside, stocks moved mostly higher over the course of the trading session on Monday. While the tech-heavy Nasdaq led the charge, the major averages all reached new record closing highs. The major averages ended the day just off their highs of the session. The Nasdaq advanced 157.50…