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Crypto This Thursday: Deutsche Bank Partners with Taurus, Genesis Ends Activities Globally, and More
Deutsche Bank expands its operations in digital assets in partnership with Taurus Deutsche Bank (NYSE:DB) announced the integration of digital asset custody and tokenization services from Swiss company Taurus. This move expands the bank’s efforts in digital assets, considering its previous initiatives such as applying for a cryptocurrency custody license in Germany. Deutsche Bank’s Paul Maley emphasized…
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Positive Reaction To Data May Contribute To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see initial strength following the lackluster performance seen in the previous session. The futures held on to earlier gains even as the Labor Department released a report showing producer prices in the U.S. increased by…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Investors await the release of fresh economic data on Thursday, as Wall Street considers how a faster-than-anticipated measure of consumer price gains may impact future Federal Reserve policy. Elsewhere, debate swirls around the European Central Bank’s own crucial interest rate decision later today, while British semiconductor designer Arm prices its hotly-anticipated initial public offering at…
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Tesla Revolutionizes Car Manufacturing with Quiet Breakthrough; Musk Issues New Warning on AI Risks and Calls for a “Regulatory Framework”
Tesla (NASDAQ:TSLA) has combined a series of innovations to make a technological breakthrough that could transform how it manufactures electric vehicles and help Elon Musk achieve his goal of cutting production costs in half, according to five people familiar with the matter. The company pioneered the use of massive presses with 6,000 to 9,000 tons…
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Berkshire Sells Some HP Shares After Acquiring Large Stake Last Year
Warren Buffett’s Berkshire Hathaway said on Wednesday that it has sold about 5.5 million shares of HP (NYSE:HP), unwinding part of what has been a large and unsuccessful investment in the personal computer and printer manufacturer. Berkshire (NYSE:BRK.B) sold the shares this week for approximately $158 million, reducing its stake in HP to about $3.27…
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North American Morning Briefing: Busy Data Day Ahead; ARM IPO in Focus
Market Wraps Watch For: Retail Sales for August; PPI for August; Weekly Jobless Claims; Canada Wholesale Trade for July; Earnings from Adobe Today’s Top Headlines/Must Reads: – Betting Inflation Will Keep Falling Is Still a Risky Business – Fuel Prices Are Soaring. Who Is Feeling the Pinch? – UAW, Automakers Remain ‘Far Apart’ in Contract…
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Arm Debuts Today On Nasdaq Valued At US$54.5 billion In The Biggest IPO Of The Year
The chip designer Arm will begin trading on Thursday, September 14th, on the Nasdaq stock exchange in New York under the code (NASDAQ:ARM), following a highly successful stock offering that secured a valuation of $54.5 billion, at the top of its target range. This represents a good outcome for Japanese owner SoftBank. Last year, the…
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US Futures Up, European Stocks Mixed as Markets Await ECB Decision
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Deliveroo added 7.3% and Adevinta rose 3.9%. On the other hand,…
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Top Company News of the Day: UAW, Arm, Tuhu Car, Google
UAW, Automakers Remain ‘Far Apart’ in Contract Talks The union’s president said the United Auto Workers are preparing walkouts at select factories when contracts expire late Thursday. Arm Sets IPO Price at $51 a Share British chip designer drops price after initially considering $52 a share. Tencent-Backed Tuhu Car Plans Hong Kong IPO Tencent-backed Tuhu…
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U.S. Stocks Close Mixed Following Consumer Price Inflation Data
Stocks showed a lack of direction over the course of the trading session on Wednesday, with the major averages bouncing back and forth across the unchanged line as traders digested a highly anticipated report on consumer price inflation. The major averages eventually ended the session mixed. While the Dow dipped 70.46 points or 0.2 percent…