Category: Latest News
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Oil Edges Higher
Oil prices edged higher amid demand concerns, market skepticism following OPEC+ output cuts and tensions in the Middle East. Prices declined on Monday after OPEC+’s voluntary curbs announcement left traders disappointed, raising questions over compliance and future supply policy. Meanwhile, the Israel-Hamas conflict and a series of attacks in Middle-Eastern waters fueled supply concerns, and…
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Dollar Expected To Recover
The dollar should recover this week as its recent correction lower looks to have gone too far, TD Securities said. Positioning and short-term valuations are stretched, increasing the risk that the dollar rallies if Friday’s nonfarm payrolls data are strong, it added. It also upgraded its view on the dollar until year-end and now expects…
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China Outlook Downgrade Jolts Mood
Stock futures fell early on Tuesday as traders awaited the first of a slew of labor data that in coming days will likely set the tone into next week’s Federal Reserve meeting. “Markets have lost a little of their recent poise over the last 24 hours, ” Deutsche Bank said. “There hasn’t been a specific…
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Moody’s Reassesses China, GitLab Exceeds Estimates, Twilio Plans Major Layoffs, and More
U.S. index futures are falling in the pre-market on Tuesday as investors eagerly await the first in a series of labor data. These numbers are likely to influence the atmosphere surrounding the Federal Reserve meeting scheduled for next week. At 05:20 AM, Dow Jones futures (DOWI:DJI) dropped 64 points, or 0.18%. S&P 500 futures declined…
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US Futures Slip, European Stocks Mixed Ahead of Economic Data
U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Ericsson B rose 8.7% and ams-OSRAM climbed 5%. On the other hand, Nokia…
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Top Company News of the Day: Meta, IBM, CVS, AT&T
Meta and IBM Launch AI Alliance Meta Platforms and IBM launched a coalition of more than 50 AI companies and research institutions that are pushing a so-called open model of AI, hoping to gain traction in a fast-growing market. CVS Plans to Overhaul How Much Drugs Cost The nation’s largest drugstore chain is set to…
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U.S. Stocks Finish The Day In The Red But Well Off Early Lows
Stocks showed a notable move to the downside in early trading on Monday, giving back ground after turning in a strong performance last Friday. The major averages subsequently climbed well off their worst levels but still ended the day in negative territory. The Nasdaq slid 119.54 points or 0.8 percent to 14,185.49 and the S&P…
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Crypto This Monday: Bitcoin Surpasses 41K, Mantle Innovates with Ethereum Staking Protocol, and More
Investments in crypto assets reach new highs Asset managers such as CoinShares, Bitwise, Grayscale, ProShares, and 21Shares have reported an influx of $176 million in crypto assets in the last week, marking a total of $1.76 billion in 10 weeks. This period of inflows is the most significant since the launch of bitcoin futures-based ETFs…
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Manufactured Goods New Orders Report Expected
The Commerce Department is scheduled to release its report on new orders for manufactured goods in the month of October at 10 am ET. Factory orders are expected to tumble by 2.6 percent in October after surging by 2.8 percent in September.
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U.S. Stocks May Give Back Ground Following Recent Strength
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground after ending last Friday’s trading mostly higher. Traders may look to cash in on the recent strength in the markets after the Dow and the S&P 500 ended the previous session at their best…