Category: Include on Menu
-
US Futures Up, European Stocks Fall as Investors Brace for Higher Rates for Longer
In the U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average rose 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Adevinta climbed 19.5% and Schibsted added 12.2%. On the other hand,…
-
Top Company News of the Day: Microsoft, Amazon, UAW, TikTok
Microsoft’s Revised Activision Deal Lessons Competition Concerns The U.K. antitrust authority said the new deal submitted by Microsoft addresses competition concerns in cloud gaming, and it opened a consultation on residual concerns it has before making a final decision on the acquisition. Amazon’s New Challenge: Bargain Retailers Who Are Playing a Different Game The e-commerce…
-
Interest Rate Concerns Contribute To Extended Sell-Off On Wall Street
Extending the sell-off seen late in the previous session, stocks moved sharply lower over the course of the trading day on Thursday. The major averages all posted steep losses on the day, with the tech-heavy Nasdaq plunging to its lowest closing level in over three months. The major averages saw further downside going into the…
-
Crypto This Thursday: Mt. Gox Delay Shakes Crypto Market, Venmo Implements PYUSD, and More
Delay in Mt. Gox settlement impacts crypto market Bitcoin (COIN:BTCUSD), Ethereum (COIN:ETHUSD), and other altcoins such as BNB (COIN:BNBUSD), XRP (COIN:XRPUSD) faced declines, following the decision of bankrupt cryptocurrency exchange Mt. Gox to extend the deadline for their payments until October 31, 2024. Some investors anticipated that this movement could reverberate through the market, with…
-
Interest Rate Concerns May Continue To Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a notably lower open on Thursday, with stocks likely to extend the sell-off seen late in the previous session. Concerns about the outlook for interest rates may continue to weigh on Wall Street following the Federal Reserve’s monetary policy announcement on Wednesday. While the…
-
Thursday’s Wall Street Highlights: FedEx, Broadcom, Nio, Klaviyo, Starbucks, and more
US Index Futures are down in pre-market trading on Thursday, reflecting the statement from the monetary authority one day after the Federal Reserve kept the interest rate in the United States unchanged. At 7:04 AM, Dow Jones futures (DOWI:DJI) fell 163 points, or 0.47%. S&P 500 futures were down 0.65% and Nasdaq-100 futures were down 0.88%. The…
-
North American Morning Briefing: The Post-Fed Selloff Continues
Market Wraps Watch For: Weekly Jobless Claims; Existing Home Sales for August; Leading Indicators for August; Canada New Housing Price Index; FedEx annual meeting Today’s Top Headlines/Must Reads: – Higher Interest Rates Not Just for Longer, but Maybe Forever – How U.S. Households Got Turned Upside Down by Higher Interest Rates – UAW Urges Automakers…
-
US Futures, European Stocks Down as Markets Await BOE Decision
In the U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.7% in morning trading. JD Sports Fashion rose 6.2% and Next added 1.7%. On the…
-
Top Company News of the Day: Toshiba, Apple, FedEx, Ford
Toshiba Shareholders Approve $13.5 Billion Deal to Take Company Private The Japanese industrial conglomerate’s stock is expected to be delisted after almost 80% of shareholders agreed to a private-equity firm’s tender offer. Inside Apple’s Spectacular Failure to Build a Key Part for Its New iPhones The company set out to design a silicon chip that…
-
U.S. Stocks Move Sharply Lower Amid Renewed Interest Rate Concerns
With renewed concerns about the outlook for interest rates weighing on the markets, stocks moved mostly lower over the course of the trading session on Wednesday. The major averages spent much of the session on opposite sides of the unchanged but all came under pressure late in the trading day. The tech-heavy Nasdaq led the…