Category: Include on Menu
-
Fed Keeps Interest Rates Unchanged And Raises GDP Forecast
The Federal Open Market Committee (FOMC) of the Federal Reserve kept the United States’ basic interest rate unchanged in the range between 5.25% and 5.50% this Wednesday, in line with market consensus. In the statement released alongside the decision, the FOMC mentioned that by maintaining the Fed Funds target rate unchanged in this afternoon’s decision,…
-
Crypto This Wednesday: Ledger Controversy Over Keys; Stanford May Return FTX Donations, and More
Grayscale abandons post-merger Ethereum PoW tokens and explores new opportunities with Ethereum and Bitcoin ETFs Cryptocurrency investment firm Grayscale has decided to relinquish rights to proof-of-work (PoW) post-merger Ethereum tokens (ETHPoW) on September 18. The decision came after finding that these tokens did not reach relevant liquidity and the lack of support from custodians. The company took six…
-
Keep An Eye Out: Pre-Market Movers And Recommendations
On Wednesday, U.S. futures showed slight gains as investors anxiously awaited the Federal Reserve’s imminent interest rate decision and economic update. Here are some notable movers in the premarket U.S. stock scene today: Don’t Trade Without Seeing The Orderbook Instacart (NASDAQ:CART) shares slipped 3.2%, retracing a portion of the 12% surge seen on its inaugural…
-
Wednesday’s Wall Street Highlights: Amazon, Dollar General, Oracle, Ford, nCino, and more
US index futures are higher in pre-market trading on Wednesday, the most anticipated day of the week, when the Federal Reserve will release its monetary policy decision. At 7:19 AM, Dow Jones futures (DOWI:DJI) rose by 79 points, or 0.23%. S&P 500 futures also increased by 0.23%, and Nasdaq-100 futures were up by 0.21%. The…
-
Klaviyo Sells Shares Above Projected Value And Raises $576 Million With IPO
Klaviyo (NYSE:KVYO), a provider of marketing and data automation services, has priced its initial public offering (IPO) above the initial range and successfully raised $576 million in the third-largest listing in the United States in a week. Klaviyo and a group of its current investors sold 19.2 million shares on Tuesday at $30 each, after…
-
North American Morning Briefing: Fed Seen Holding Rates, Powell Comments Key
Market Wraps Watch For: FOMC interest rate decision; EIA Weekly Petroleum Status Report; Bank of Canada monetary policy deliberations; Earnings from FedEx Today’s Top Headlines/Must Reads: – American Labor’s Real Problem: It Isn’t Productive Enough – China Keeps Benchmark Lending Rates Unchanged – White House Warns of Long Lines at Airports, Other Delays if Government…
-
US Futures Flat, European Stocks Mixed as Central Bank Meetings Loom
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.2% in morning trading. Just Eat Takeaway.com rose 6.2% and Delivery Hero added 5.6%. On the other…
-
Top Company News of the Day: Goldman Sachs, GreenSky, Ford, Philip Morris, Boeing
Goldman Sachs in Advanced Talks to Sell GreenSky in Big Step in Consumer Retreat The bidding group includes Sixth Street, Pimco and KKR. Ford Reaches Tentative Deal With Canadian Auto Union Ford averts a second strike, as it confronts a continuing walkout with the UAW. Marlboro Maker Hits Reset on $2 Billion Bet on Medicine…
-
U.S. Stocks Climb Well Off Worst Levels But Still Close Modestly Lower
After coming under pressure early in the session, stocks regained some ground over the course of the trading day on Tuesday but still closed modestly lower. The major averages all finished the day in the red, with the tech-heavy Nasdaq falling to its lowest closing level in almost a month. The major averages remained stuck…
-
Crypto This Tuesday: TON and CANTO Jumped On The Week, USDC Expanded on Polkadot, and More
Circle launches USDC stablecoin on Polkadot ecosystem Stablecoin issuer Circle has introduced USDC (COIN:USDCUSD), a dollar-backed stablecoin, to the Polkadot ecosystem, expanding its presence on new blockchains. Polkadot is a platform that integrates specific blockchains, known as parachains. The native version of USDC has been launched on Polkadot Asset Hub, facilitating its transfer between parachains. Thus, all blockchains…