Category: Latest News
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Oil Prices Up
Oil prices were higher after falling earlier in the trading session on concerns over weak demand after the U.S. reported an unexpected increase in crude inventories. Prices were higher for three consecutive sessions this week, boosted by fears of global trade disruptions as more companies paused shipments through the Red Sea due to escalating attacks…
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Bond Yields Likely To Fall Short Term
The inverted yield curve should normalize again next year, J.P. Morgan Asset Management said. Central banks will respond to the expected slowdown in economic demand and in inflation with sharp interest rate cuts, it added. “Yields at the short end of the curve are therefore likely to fall below yields at the long end over…
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Euro Could Continue To Rise
The euro could extend its gains against the dollar toward $1.10 if PCE price data on Friday come in on the weak side and keep the bond rally intact, Swissquote said. “The current cup and handle formation in the EUR/USD is a bullish technical formation and could be interesting for entering fresh long positions.” Traders…
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Pre-Market Movers: BlackBerry, Boeing, Calliditas Therapeutics, Micron Technology and more
Canada’s BlackBerry forecast fourth-quarter revenue of $150 million to $159 million, below analysts’ estimates for $185.6 million. The stock was down 7.1%. Boeing moved closer to resuming 737 MAX deliveries to China as it appeared Chinese airlines were getting ready to take delivery of the jets again. Trade publication The Air Current reported Boeing has…
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Stock Futures Bounce Back After Worst One-Day Slide in Three Months
Stock futures pointed to opening gains on Thursday, following the worst one-day decline in three months. There wasn’t any clear fundamental trigger for Wednesday’s sell-off, setting the stage for a better day on Thursday. But the market has been rallying hard and fast, with the S&P 500 up 22% this year. “The turnaround happened around…
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US Futures Up, European Stocks Down in the Wake of the U.S. Federal Reserve’s More Dovish Pivot
U.S. futures for the S&P 500 were up 0.5% and futures for the Dow Jones Industrial Average rose 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. DocMorris climbed 12.8% and Assura added 3.7%. On the other hand, Indutrade lost…
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Top Company News of the Day: Warner, Paramount, Wells Fargo, Blackberry
Warner and Paramount CEOs Discussed Possible Merger of Companies Warner Bros. Discovery CEO David Zaslav met Paramount CEO Bob Bakish and discussed a possible merger between the media giants, people familiar with the matter said-a deal that would unite some of Hollywood and cable’s biggest brands. Wells Fargo Workers in Albuquerque Vote to Form Union,…
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Profit Taking Contributes Late-Day Sell-Off On Wall Street
Stocks recovered from initial weakness and moved mostly higher over the course of morning trading on Wednesday but came under significant pressure in the latter part of the session. The major averages moved sharply lower in late-day trading, partly offsetting recent strength. The major averages saw further downside going into the close, ending the session…
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Crypto: Ripple Expands in Europe with Irish License; STX, NEAR, MINA, INJ on Wednesday’s Radar
Bitcoin surpasses $44,000 with intense market activity Bitcoin (COIN:BTCUSD) briefly surpassed the $44,000 mark on Wednesday for the first time since December 10, reaching $44,164 on Bitstamp before dropping slightly. This rise triggered significant liquidations in the market, with approximately $160 million in digital asset liquidations in the last 24 hours. Much of these liquidations,…
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Investment Insights: Expert Analyst Opinions on AbbVie, Lowe’s, Salesforce, Zoom…
Abbvie: HSBC downgrades to hold from buy with a price target reduced from $167 to $156. Block: Jefferies maintains its buy recommendation and raises the target price from $60 to $90. Crowdstrike Holdings: Wells Fargo maintains its overweight rating and raises the target price from $250 to $315. Discover Financial Services: Citi upgrades to buy…