Category: Latest News
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground following the sell-off seen late in the previous session. Traders may look to pick up stocks at relatively reduced levels following the steep drop seen during Thursday’s session, which dragged the Dow down to its…
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US nonfarm payrolls grow by 303,000 in March
Nonfarm payrolls in the United States increased by 303,000 in March, according to the report by the Bureau of Labor Statistics published on Friday. The figure was significantly higher than predicted by analysts, while the unemployment rate stood largely in line with expectations at 3.8%. The number of unemployed people in the US was 6.4…
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Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates
Apple (NASDAQ:AAPL) – Apple is laying off 614 employees in Silicon Valley after ending its secret autonomous electric vehicle project. These are the first significant job cuts since the beginning of the pandemic, mainly impacting satellite offices in Santa Clara, California. Moreover, Hon Hai, known as Foxconn (USOTC:FXCOF), saw an 11.8% increase in sales in…
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U.S. Index Futures Indicate Moderate Recovery Ahead of March Employment Report Release, Oil Edges Up
U.S. index futures indicate a moderate recovery in pre-market trading on Friday, ahead of the release of the U.S. employment report for March. At 06:45 AM, Dow Jones futures (DOWI:DJI) rose 63 points, or 0.16%. S&P 500 futures advanced 0.27%, and Nasdaq-100 futures gained 0.32%. The yield on 10-year Treasury bonds stood at 4.33%. In…
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U.S. Stocks Close Sharply Lower Following Late-Day Sell-Off
Stocks turned in a strong performance throughout much of the trading day on Thursday but came under substantial pressure in the latter part of the session. The major averages plummeted in the final two hours of trading, ending the day sharply lower. The major averages saw continued weakness going into the close, finishing the session…
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Crypto: Bitcoin Cash Surges Post-Halving, PayPal Launches PYUSD International Transfers and More Updates
Bitcoin Cash jumps post-halving Bitcoin Cash (COIN:BCHUSD) experienced a surge in value following its recent halving, standing out in a generally static crypto market. BCH reached a peak price of $683.87, a level not seen since 2021, yet still 80% below its December 2017 record high. At the time of writing, Bitcoin Cash’s price was…
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U.S. Unemployment First-Time Claims Up More Than Expected; Trade Deficit Unexpectedly Widened
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended March 30th. The report said initial jobless claims climbed to 221,000, an increase of 9,000 from the…
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Bigger Than Expected Increase In Jobless Claims May Generate Buying Interest
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move to the upside after ending the previous session little changed. The futures climbed more firmly into positive territory following the release of a Labor Department report showing first-time claims for U.S. unemployment benefits rose by more…
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US Index Futures Rise, Oil Dips Slightly
This Thursday, U.S. index futures show cautious optimism, reflecting market expectations in anticipation of payroll data. This upward movement comes a day after statements by Jerome Powell, chairman of the Federal Reserve (Fed), who reiterated the position that a reduction in interest rates will only be considered when there is a clear trend that inflation…
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Exxon Mobil Forecasts Earnings Decline, Twilio Seeks Board Tenure Changes, and More News
Exxon Mobil (NYSE:XOM) – Exxon Mobil predicted a drop in first-quarter operating results due to lower oil and gas prices and significant losses on fuel derivatives. After two years of strong profitability, the quarter registered an operating profit of about $6.65 billion. Twilio (NYSE:TWLO) – Twilio, a leader in cloud communications, proposes to shorten the…