Category: Latest News
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First-Time U.S. Unemployment Claims Fell More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended May 18th. The Labor Department said initial jobless claims slid to 215,000, a decrease of 8,000 from the previous week’s revised level of 223,000. Economists had expected jobless claims to…
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Upbeat Nvidia Earnings Likely To Spark Early Rally On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to lead an early rally following upbeat quarterly results from Nvidia (NASDAQ:NVDA). Shares of Nvidia (NASDAQ:NVDA) are soaring by 7.0 percent in pre-market trading after the AI darling reported better than expected fiscal first quarter results and…
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Nvidia Stocks Surge Up to 7% Pre-Market; VF Corp Drops 15%, and More in Earnings
Nvidia (NASDAQ:NVDA) – The adjusted earnings per share were $6.12, exceeding the expected $5.59. Revenue reached $26.04 billion, a 262% year-over-year increase, surpassing the anticipated $24.65 billion. For the next quarter, the company forecasts $28 billion in sales. In the quarter ended April 28, data center revenue was $22.6 billion, a 427% year-over-year increase. Nvidia…
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OpenAI and News Corp Seal Partnership, DuPont de Nemours Announces Division, and More News
News Corp (NASDAQ:NWS) – News Corp and OpenAI have established a historic partnership allowing OpenAI to use journalistic content from News Corp, including major titles like The Wall Street Journal and The Sun, to enhance OpenAI’s answers and products. News Corp’s shares rose up to 2% in pre-market trading. DuPont de Nemours (NYSE:DD) – DuPont…
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U.S. Futures Rise, Oil Prices Climb
U.S. index futures rose in pre-market trading on Thursday, with tech stocks boosted by strong earnings and a positive forecast from Nvidia. At 6:42 AM, Dow Jones (DOWI:DJI) futures were up 36 points, or 0.09%. S&P 500 futures advanced 0.53%, and Nasdaq-100 futures gained 0.91%. The yield on the 10-year Treasury note was at 4.441%.…
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U.S. Stocks Climb Off Worst Levels But Remain In The Red After Fed Minutes
Stocks showed a lack of direction throughout much of the trading session on Wednesday before coming under pressure following the release of the minutes of the Federal Reserve’s latest monetary policy meeting. The major averages climbed off their worst levels going into the close but ended the day in the red after ending Tuesday’s choppy…
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White House and SEC Diverge on FIT21, IBIT Sees Significant Inflows, and More Crypto News
BlackRock Bitcoin ETF records $290 million inflows on Tuesday On May 21, spot Bitcoin ETFs accumulated nearly $300 million in net inflows. BlackRock’s popular Bitcoin ETF (NASDAQ:IBIT) saw a significant increase in activity, with inflows of over $290 million on Tuesday, the highest daily amount since April 5. IBIT’s total holdings now exceed $19 billion,…
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Caution Ahead Of Nvidia Earnings May Weigh On Wall Street
The major U.S. index futures are currently pointing to a slightly lower open on Wednesday, with stocks likely to give back ground after ending yesterday’s choppy trading day modestly higher. Traders may look to cash in on recent strength in the markets ahead of the release of quarterly results from AI darling Nvidia (NASDAQ:NVDA). Nvidia…
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U.S. Index Futures Dip Amid Wall Street Anxiety; Oil Prices Decline
U.S. index futures started Wednesday with a slight decline in pre-market trading, with an air of anticipation due to the imminent results from Nvidia (NASDAQ:NVDA) and after the S&P 500 and Nasdaq indices reached record highs the previous day. At 6:29 AM, Dow Jones futures (DOWI:DJI) fell 47 points, or 0.12%. S&P 500 futures declined…
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Nvidia Profits Set to Challenge Historic High Market; GE Aerospace Announces New Hires, and More News
Earnings Nvidia (NASDAQ:NVDA) – Nvidia’s earnings, viewed as a barometer for the growing AI industry, will be released after the market closes on Wednesday. The results will also serve as a critical indicator for the US stock market, which has reached record highs. Analysts estimate that Nvidia will report earnings per share of $5.17 on…