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Crypto This Friday: Kroll Exposes Data from FTX and BlockFi, Magnate Finance Disappears with US$ 6.5 Million, and more
JPMorgan predicts crypto markets correction may be ending According to a report by JPMorgan (NYSE:JPM), liquidation of long positions in CME bitcoin futures appears to be nearing its end, indicating limited downside for crypto markets in the near term. Factors such as the SEC-Ripple ruling, dubious moves in technology, and the cancellation of SpaceX’s stake in…
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Friday’s Wall Street Highlights: Hawaiian Electric, Disney, AMC, Affirm, Ulta Beauty, and more
US index futures are up in premarket trading on Friday, in a day with few major indicators around the world, awaiting Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium. By 6:40 AM, Dow Jones (DOWI:DJI) futures were up 109 points, or 0.32%. S&P 500 futures rose 0.30% and Nasdaq-100 futures were up 0.16%. The yield…
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US Futures Rise, European Stocks Mixed Ahead of Powell Speech
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Elekta Series B added 2.7% and Quilter rose 1.7%. On the…
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Top Company News of the Day: VinFast, Arm, Ericsson, Huasei, Morgan Stanley, Gap
Stock Index Orphans Miss Out on Billions of Dollars From Passive Investors VinFast, the Vietnamese electric-vehicle maker, and Arm, a British chip designer, are caught in a weird limbo thanks to their decisions on where to list their shares. Ericsson and Huawei Renew Licence Deal Ericsson has renewed a multiyear global patent cross-licensing pact with…
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U.S. Stocks Pull Back Sharply As Interest Rate Concerns Overshadow Nvidia Earnings
After failing to sustain an initial move to the upside, stocks moved sharply lower over the course of the trading session on Thursday. The major averages all showed significant moves to the downside, with the tech-heavy Nasdaq leading the pullback. The major averages finished the day just off their lows of the session. The Nasdaq…
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Crypto This Thursday: Bitstamp Ends Staking in the US, Drop in Renowned NFTs Signals Volatility, and more
Decreased leverage in Ether and Bitcoin futures on Binance The value of the US dollar in perpetual Ether (COIN:ETHUSD) futures contracts on Binance has dropped to its lowest level in 13 months, standing at $1.41 billion. This 35% drop in one week mirrors the deleveraging seen in the spot market. By comparison, Bitcoin perpetual futures (COIN:BTCUSD) are…
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Mixed Pre-Market Has Post-Nvidia Techs Rally And Dow Jones Falling Waiting For Fed Officials And Powell
The battery of indicators at 9:30 am in the US brought better data than the PMIs the day before, but did not significantly change the pre-market outlook in New York, which awaits Jerome Powell’s speech tomorrow. Nasdaq futures follow up (+0.97% a moment ago) and pull the S&P 500 (+0.40%) on post-balance sheet rally in…
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Nvidia Earns $6.1 Billion In Q2 Fiscal 2024
Nvidia (NASDAQ:NVDA) recorded a net profit of US$ 6,188 billion in the second fiscal quarter of 2024, an amount eight times greater (843%) than that recorded in the same period of the previous year. Along the same lines, revenues increased 101%, to US$ 13.507 billion, against US$ 6.704 billion in the same period of the…
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Upbeat Nvidia Earnings, Guidance May Lead To Continued 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 further upside after moving sharply higher over the course of the previous session. Early buying interest may be generated amid a positive reaction to earnings news from Nvidia (NVDA), with the chipmaker spiking by…
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Thursday’s Wall Street Highlights: Boeing, Nvidia, Guess, J&J, GM, and more
US index futures are higher in premarket trading on Thursday, reflecting chipmaker Nvidia’s strong results (NASDAQ:NVDA) yesterday and ahead of the Jackson Hole symposium in the US, which starts today and could provide clues about the interest path. By 6:46 AM, Dow Jones Futures (DOWI:DJI) fell 22 points, or 0.06%. S&P 500 futures were up 0.58%…