Category: Latest News
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Upcoming Economic Highlights: FOMC Minutes, Earnings Reports, and Global Indicators
The upcoming week in the United States is expected to be relatively calm, with a significant focus on the release of the Federal Open Market Committee (FOMC) minutes and various appearances by Federal Reserve officials. Traders will be keenly watching for any signs indicating when the Fed might start cutting interest rates. Current economic data…
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Dow Finishes Choppy Trading Day Above 40,000 For First Time
Following the modest pullback seen over the course of the previous session, stocks showed a lack of direction during trading on Friday. The major average spent the day bouncing back and forth across the unchanged line before eventually closing narrowly mixed. Despite the choppy trading, the Dow closed above 40,000 for the first time, rising…
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Bitcoin Hits $67K, US Faces Crucial Vote on Crypto Regulation, and More
Bitcoin reaches $67k on Friday after institutional drives and regulatory expectations On Friday, Bitcoin’s price (COIN:BTCUSD) experienced a strong recovery, surpassing US$ 67,000 after a brief drop below US$ 65,000 the previous day. Bitcoin’s price was currently around US$ 67,160, with a 3% increase over 24 hours. The recovery was fueled by several positive entries…
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Morning Analyst Recommendations Update: Walmart, Delta, Netflix…
Every morning, we provide a selection of analysts’ recommendations. The list includes companies that have experienced a change in opinion, a revision in the price target, or new coverage. Abbvie: Cantor Fitzgerald initiates an overweight recommendation with a target price of USD 200. Applied Materials: Citigroup maintains its buy recommendation and raises the target price…
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Reddit Announces Content Partnership with OpenAI, Shares Rise 15%
OpenAI and Reddit announced a new partnership on Thursday, a move that will bring content from the social media platform to ChatGPT. The agreement will help Reddit further diversify its revenue streams. “OpenAI will bring enhanced Reddit content to ChatGPT and new products, helping users discover and engage with Reddit communities,” the companies said in…
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OpenAI’s Reddit Partnership Boosts Shares by 14%, Microsoft Embraces AMD Chips for AI, and More News
Reddit (NYSE:RDDT) – Reddit has partnered with OpenAI to integrate its content with ChatGPT, boosting the platform’s shares. This initiative aims to diversify beyond advertising, following a similar collaboration with Alphabet to train AI models. Investors see significant revenue potential in data for AI. Reddit’s shares rose 13.7% in pre-market trading. Microsoft (NASDAQ:MSFT), Advanced Micro…
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DXC Technology Plummets 22.2% After Pessimistic Projections, Doximity Stocks Surge 14% in Pre-Market, and More on Earnings
Doximity (NYSE:DOCS) – Shares of Doximity rose 14% in pre-market trading due to a positive fiscal report for the fourth quarter. The company exceeded expectations with an adjusted earnings of $0.25 per share and revenues of $118.1 million, reflecting a 6% year-over-year increase, driven by a 9% growth in subscription revenues. It also announced plans…
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U.S. Index Futures Hold Steady After Dow Jones Touches Record 40,000-Point Milestone
U.S. index futures remained virtually unchanged in Friday’s pre-market, consolidating after a previous session filled with excitement, where the Dow Jones briefly hit the 40,000-point mark for the first time. At 6:31 AM, the futures of the Dow Jones (DOWI:DJI) were down 12 points, or 0.03%. S&P 500 futures were up 0.02%, and Nasdaq-100 futures…
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U.S. Stocks Move Modestly Lower After Seeing Early Strength
Stocks moved to the upside early in the session on Thursday but fluctuated over the course of the trading day before eventually closing modestly lower. The major averages partly offset the strong upward move seen over the two previous sessions. While the Dow (DOWI:DJI) climbed above 40,000 for the first time in morning trading, the…
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Strong Institutional BTC ETF Adoption, CME Group Ventures into Bitcoin Spot Trading, and More Crypto News
Bitcoin reacts to interest rate cut expectations In the last 24 hours, Bitcoin (COIN:BTCUSD) is trading at $65,850, after reaching a high of $66,772 during the day. The cryptocurrency appreciated following new US inflation data that increased the chances of interest rate cuts by the Fed in the coming months. This expectation also affects other…