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US Futures, European Stocks Rise Ahead of Inflation Data
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.5% in morning trading. DocMorris added 5.3% and Hexagon Series B rose 4.3%. On the…
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Top Company News of the Day: Microsoft, Activision, Google, Netflix
FTC Seeks Injunction to Stop Microsoft From Closing Activision Deal A judge would need to agree to issue the injunction, likely after a hearing at which the agency would present evidence for why the deal is illegal. Breakup of Google Ad-Tech Business Now on Table in Europe, Too The EU antitrust case, expected to be…
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Nasdaq, S&P 500 Reach Best Closing Levels In Over A Year
Stocks moved mostly higher during trading on Monday, adding to the modest gains posted last week. With the upward move on the day, the Nasdaq and the S&P 500 reached their best closing levels in over a year. The major averages finished the day just off their highs of the session. The Nasdaq surged 202.78…
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Crypto this Monday: Robinhood Volume Slumps in May, a16z Expands to UK, and More
Former Head of SEC Enforcement Division Warns Cryptocurrency Investors of Need to Get Off Crypto Platforms Former head of the SEC’s Division of Enforcement, John Reed Stark, has issued a warning to cryptocurrency investors, urging them to “Exit Crypto Platforms Now”. He highlighted the lack of protections for customers and the exchanges’ failure to comply with…
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Futures Pointing To Modestly Higher Open On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks poised to add to the slim gains posted last week. The upward momentum on Wall Street comes as traders look ahead to the Federal Reserve’s monetary policy announcement on Wednesday. The Fed is widely expected to…
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Monday’s Wall Street Highlights: UBS, Illumina, Oracle, Salesforce, Chinook and more
US Index Futures advanced in premarket trading on Monday. The FOMC announces its decision on Wednesday and derivatives this Monday point to a 75.9% chance that the interest rate will be maintained between 5% and 5.25% in the US, while the high bet of 0.25 percentage point is at 24.1%, according to the Chicago Mercantile Exchange’s…
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North American Morning Briefing: Rate Decisions, Inflation Data Headline a Busy Week
Market Wraps Watch For: No major data scheduled; Oracle earnings Today’s Headlines/Must Reads – Jerome Powell’s Big Problem Just Got Even More Complicated – Wall Street Firms Up Bets on U.S. Consumers – U.S. to Allow South Korean, Taiwan Chip Makers to Keep Operations in China – A Bellwether Climate Case in Montana Seeks to…
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US Futures Up, European Stocks Gain as Investors Await Rate Decisions
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 0.4% in morning trading. Ocado Group rose 5.6% and CD Projekt added 4.9%. On the…
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Top Company News of the Day: Glencore, Novartis, Illumina, Eisner
Glencore Approaches Teck Over Its Coal Business The commodities giant is willing to buy Teck’s unit as an alternative to a full merger. Novartis to Buy U.S.-Based Chinook Novartis has agreed to acquire Chinook Therapeutics for up to $3.5 billion, in a deal that will expand its portfolio of kidney disease treatments. Illumina CEO Francis…
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U.S. Stocks Close Slightly Higher As Fed Meeting Looms
Stocks fluctuated over the course of the trading session on Friday before eventually ending the day modestly higher. With the uptick on the day, the S&P 500 reached its best closing level since mid-August. The major averages swung back and forth before closing slightly above the unchanged line. The Nasdaq rose 20.62 points or 0.2…