Category: Include on Menu
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Crypto this Wednesday: SpiritSwap Closes Operations, Aptos Labs and Microsoft Partner, and More
Bitcoin teeters near $30,000 as investors watch US inflation Bitcoin approached $30,000 on Wednesday morning as investors await the US July Consumer Price Index (CPI). Core inflation, excluding food and energy, is expected to reach 0.4%, indicating lower inflation, which may reduce the chances of a Federal Reserve rate hike. Analyst Oliver Rust predicts a rise in…
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Traders May Continue To Pick Up Stocks At Relatively Reduced Levels
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after ending the previous session mostly lower. Stocks may attempt to extend the recovery attempt seen following the sharp pullback in early trading on Tuesday. The major averages regained ground…
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Lyft’s Competitive Pricing Strategy Raises Concerns Over Profitability; Lyft’s Shares Tumbled Nearly 8%
Lyft’s recent decision to prioritize competitive pricing as a strategy to gain market share has resulted in a nearly 8% decline in its share value. Market participants are expressing concerns regarding the company’s road to profitability amid these pricing changes. Both Lyft and Uber, its principal competitor, are navigating the post-pandemic recovery phase, and the…
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Wednesday’s Wall Street Highlights: Amazon, Disney, Upstart, Doximity, Toast, WeWork and more
US index futures were higher in premarket trading on Wednesday, moving to recover from recent losses as investors digested the tax cut on banks in Italy and data in China. By 6:42 AM, Dow Jones futures (DOWI:DJI) were up 62 points, or 0.18%. S&P 500 futures and Nasdaq-100 futures were up 0.25% each. The 10-year Treasury yield…
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WeWork Says It’s Not Sure It Can Continue To Operate; Stock Drops 24%
WeWork (NYSE:WE) has stated that there is “substantial doubt” over its ability to continue to operate, citing continued losses and increased member cancellations of its office spaces. The shares fell 23.74% in after-hours trading after the market closed on Tuesday (8). In the year, the drop in quotations is around 85%, with the share traded…
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After Intel And Nvidia, Arm Invites Amazon As Anchor Investor For Its IPO
Amazon (NASDAQ:AMZN) could join other tech companies as an anchor investor in the initial public offering of Arm Ltd., a Softbank-backed chip designer looking to raise as much as $10 billion in its public offering, according to sources familiar with the situation. Amazon is one of several tech companies that have spoken with Arm about…
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North American Morning Briefing: Traders Absorb News of China Deflation
Market Wraps Watch For: EIA Weekly Petroleum Status Report; Earnings from Disney, Roblox, Penn Entertainment, Wynn Resorts Today’s Top Headlines/Must Reads: – U.S. to Ban Some Investments in China – Banks’ Problems Aren’t Over, According to the Bond Market – Japanese Carmakers See Next Few Years as Fight for Survival in China Opening Call: Stock…
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US Futures, European Stocks Lift Slightly
In the U.S. futures for the S&P 500 were up 0.1% 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 0.7% in morning trading. Delivery Hero rose 6.6% and Sampo Series A added 5.2%. On the…
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Top Company News of the Day: Rivian, Lyft, WeWork, Sony Group
Rivian’s Loss Narrows as Production Speeds Up The EV truck and sport-utility maker raised its production guidance for the year after a better-than-expected second quarter. Lyft Increased Revenue, Trimmed Loss During Tumultuous Quarter The ride-share company projected a better-than-expected outlook for the current period. WeWork Raises Doubt About Its Survival WeWork on Tuesday raised doubt…
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U.S. Stocks Close On Weak Note Despite Coming Off Day’s Lows
After a weak start and a subsequent sharp fall, stocks recovered gradually on Tuesday, but still ended the day’s session in negative territory. The major averages all ended notably lower, but well off the session’s lows. The Dow, which was down by about 470 points at one stage, ended the day with a loss of…