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Looming Fed Meeting May Lead To Choppy Trading On Wall Street
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the volatility seen to close out the previous week. Traders may be reluctant to make significant moves as they look ahead to the Federal Reserve’s monetary policy announcement…
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Monday’s Wall Street Highlights: Cisco Systems, GM, Alibaba, SVB Financial, Clorox and More
US Index Futures are slightly up in Monday’s pre-market, a day with a light global agenda, with the whole week’s global focus being on the U.S. interest rate decision on Wednesday. At 6:52 AM, Dow Jones (DOWI:DJI) futures were up 35 points, or 0.10%. S&P 500 futures rose 0.14%, and Nasdaq-100 futures increased by 0.17%.…
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North American Morning Briefing: Cautious Start to Week With Fed, Other Central Banks Primed
Market Wraps Watch For: Canada Housing Starts for August; Earnings from Stitch Fix; Airbnb and Blackstone are set to join the S&P 500 Today’s Top Headlines/Must Reads: – Why a Soft Landing Could Prove Elusive – An Even Bigger Housing Crisis Threatens China’s Economy – Republican Groups Craft Short-Term Bill to Keep Government Open Opening…
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US Futures Rise, European Stocks Drop
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average rose 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.5% in morning trading. Mondi PLC climbed 4.5% and International Distribution Services added 4%. On…
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Top Company News of the Day: Evergrande, Instacart, Arm, Paine Schwartz, Costa
China Evergrande Shares Dip After Police Detain Some Wealth-Management Unit Staff China Evergrande Group’s shares dipped after police in southern China detained some staff at its wealth-management unit, adding to the debt-laden developer’s woes. Instacart Starts Trading Tuesday. Valuation Is the Key. Confidence in the gig economy combined with the success of advertising will help…
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U.S. Stocks Pull Back Sharply Amid Worries About Interest Rates
Stocks moved sharply lower over the course of the trading day on Friday, giving back ground following the rally seen on Thursday. The major averages all showed notable moves to the downside, with the tech-heavy Nasdaq leading the pullback. The major averages all finished the day firmly in negative territory. The Nasdaq tumbled 217.72 points…
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Crypto This Friday: Celsius and Core Scientific Deal, Friend.tech’s Rise in NFTs, and More
US$45 Million settlement ends dispute between Celsius and Core Scientific Celsius and Core Scientific (USOTC:CORZ) have reached a $45 million settlement to end a legal dispute. According to court records released Thursday, Celsius will pay $14 million in cash and the balance in adjusted shares. The agreement still awaits approval from courts in Texas and New York. The…
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Friday’s Wall Street Highlights: Ford Motor, Arm, Salesforce, Adobe, Visa, MGM and more
US index futures are mixed in Friday’s pre-market trading, a day after the interest rate hike in Europe and following oil hitting a 10-month high, surpassing the $94 mark, along with improved data from China indicating recent stimulus measures have taken effect. Investors are also monitoring a workers’ union strike at 3 automakers and Arm…
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Top Company News of the Day: Apple, UAW, Microsoft, Oracle
Apple Counts on Wireless Carriers to Avoid an iPhone Slump AT&T, Verizon and T-Mobile are returning to deep discounts on phones for customers who commit to top-tier plans. UAW Strikes at Plants Owned by GM, Ford, Stellantis The walkouts are the first to hit all three automakers at the same time and affect factories in…
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Arm Soars On Debut On Nasdaq And Reaches Market Capitalization Of $60 billion
Arm Holdings (NASDAQ:ARM) shares rose to an intraday high of up to US$61.99 in their debut this Thursday on the Nasdaq, an increase of more than 21% when considering the Initial Public Offering (IPO) of $51.00, valuing the company around US$60 billion on the stock market. At around 1:20 pm, the company’s shares rose to…