Category: Latest News
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to extend the lackluster performance seen in the previous session. Traders may be reluctant to make significant ahead of several key events this week, including the Federal Reserve’s monetary policy announcement on Wednesday. While the Fed is…
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U.S. Futures Mixed, Oil Futures Up
In the pre-market of this Monday, U.S. index futures are showing a mixed trend as Wall Street prepares for the release of mega-cap company earnings and eagerly awaits the Federal Reserve’s monetary policy decision later this week. At 05:32 AM, Dow Jones futures (DOWI:DJI) fell 35 points, or 0.09%. S&P 500 futures rose 0.01%, and…
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Philips Shares Drop 6% as US Sales Halted Following Agreement on Faulty Sleep Apnea Devices, and latest news
Royal Philips NV (NYSE:PHG) – Royal Philips NV has suspended sales of sleep apnea devices and ventilators in the US after reaching an agreement with the US Food and Drug Administration due to quality issues. Philips has set aside 363 million euros in the fourth quarter to cover the costs of the agreement. The company…
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U.S. Close Mixed As Traders Weigh Intel Guidance Against Inflation Data
After trending higher over the past several sessions, stocks turned in a relatively lackluster performance during trading on Friday. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed. While the S&P 500 edged down 3.19 points or 0.1 percent to 4,890.97 and the Nasdaq fell 55.13 points or…
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Crypto: Bitcoin Surpasses $42K on Friday, Canaan Raises $50 Million for Expansion and R&D, and More
Bitcoin surpasses $42,000 with reduced selling pressure and favorable economic outlooks Bitcoin (COIN:BTCUSD) saw a significant increase of 5.3%, reaching $42,020, buoyed by the reduction in outflows from the Grayscale Bitcoin Trust (AMEX:GBTC), easing investor concerns and propelling weekly gains into positive territory. Fernando Pereira, analyst at Bitget, highlighted the bullish scenario for cryptocurrencies, supported…
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Wall Street Highlights: Intel’s Disappointing Quarterly Forecast, PayPal’s New AI Solutions for Merchants, and More
In the pre-market on Friday, U.S. index futures experienced declines, reflecting investors’ reactions to lower-than-expected sales forecasts by giants such as Intel (NASDAQ:INTC) and Tesla (NASDAQ:TSLA), announced on Thursday. The market is also anticipating the release of the Personal Consumption Expenditures price index deflator, which is the inflation indicator most closely monitored by the Federal…
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U.S. Stocks Close Mostly Higher Amid Positive Reaction To Economic Data
Stocks gave back ground after an early advance but rebounded going into the close to end Thursday’s trading mostly higher. The Dow and the S&P 500 once again reached new record closing highs, while the Nasdaq edged up its best closing level in well over two years. The Dow ended the session just off its…
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Crypto: Tesla’s 4Q BTC Holdings, Final Ethereum Update Tests, and More
BTC price experienced a slight fluctuation following an optimistic US GDP report Bitcoin (COIN:BTCUSD) dropped by less than 1%, approaching $39,600, after the US reported a 3.3% growth in fourth-quarter GDP, surpassing expectations of 2%. While this growth was lower than the 4.9% seen in the previous quarter, it nearly matched December’s inflation rate of…
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Oil Inventories Report Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended January 19th at 10:30 am ET. Crude oil inventories are expected to decrease by 3.0 million barrels after falling by 2.5 million barrels in the previous week. At 1 pm ET, the Treasury Department is due to announce…
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Futures Move To The Upside Following Mixed U.S. Economic Data
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move to the upside following the lackluster performance seen in the previous session. Technology stocks may help lead an early advance on Wall Street, as reflected by the 0.9 percent jump by the Nasdaq 100 futures. The…