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Top Company News of the Day: Twitter, Target, Plastiq, Nvidia
Twitter Event With DeSantis Hits Technical Issues Twitter suffered apparent technical problems during an event where Elon Musk planned to host the Republican’s presidential campaign announcement on the platform. Target Lands in Culture-War Crosshairs Over Pride Month The retailer’s halt to its sale of some Gay Pride items fuels criticism it gave in to pressure…
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Nvidia Shares Surge 20% as 2Q Outlook Blows Past Estimates
Nvidia Poised for Record Sales as As AI Demand Kicks In The graphics-chip giant forecast a strong revenue bounce back for the current quarter, driven by growing appetite for generative AI technology. Snowflake slashes forecast, stock slumps after earnings Shares of Snowflake were sinking 12% in after-hours trading Wednesday after the data-software company cut its…
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Crypto This Wednesday: Blockchain Market Will Grow 67.57% By 2030, Tenet Joins Conflux, Qtum And More
Bitcoin drops more than 3% in the last 24 hours Bitcoin (COIN:BTCUSD) suffered a sharp drop after Wall Street opened on May 24, resulting in a “long overdue retest” of major trend lines. The price reached as low as $26,154, the lowest level since May 12th. Persistent volatility has led traders to watch the 100-day and 200-week…
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Debt Ceiling Worries May Continue To Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside after coming under pressure over the course of the previous session. Lingering concerns about lawmakers’ ability to reach an agreement on increasing the U.S. debt ceiling may continue to weigh on Wall…
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Wednesday’s Wall Street Highlights: Uber, Lordstown Motors, Bank of Nova Scotia and more
US Index Futures fell on Wednesday, extending the previous trading session’s slump, as little sign of progress in talks on raising the US debt ceiling added to the uncertainty. The climate is also justified by the caution before the release of the minutes of the last US monetary policy decision, which may affect expectations about the…
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North American Morning Briefing: Stock Futures Dip as Debt-Ceiling Doubts Linger
Market Wraps Watch For: MBA Weekly Mortgage Applications Survey; EIA Weekly Petroleum Status Report; FOMC meeting minutes published; Canada Quarterly financial statistics for enterprises; earnings from Analog Devices, Abercrombie & Fitch, Kohl’s, Nvidia Today’s Headlines/Must Reads – For Banks, Debt-Ceiling Drama Doesn’t End With a Deal – Spending Fight Is Main Event in Debt-Ceiling Talks…
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US Futures, European Stocks Down as Focus Remains on US Debt Ceiling
In the U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average declined 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.9% in morning trading. Marks & Spencer Group rose 7.7% and Sinch added 6.2%. On…
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Top Company News of the Day: Twitter, PacWest, Lenovo, Target
Elon Musk Wants to Challenge Google and Microsoft in AI Twitter boss tells WSJ London event the social-media company could be cash-flow positive starting in June. Baby-Formula Makers Face FTC Probe for Collusion The agency is investigating whether any formula manufacturers coordinated before bidding for state contracts. PacWest Sells Real-Estate Lending Unit The struggling regional…
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Stocks Close Notably Lower As Debt Ceiling Talks Make No Significant Progress
U.S. stocks ended notably lower on Tuesday after staying weak right through the day’s session due to sustained selling at several counters. A lack of significant progress in U.S. debt ceiling negotiations weighed on sentiment. Traders largely shrugged off data showing fairly sharp growth in the nation’s private sector activity. The major averages all ended…
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Crypto this Tuesday: Solana Integrates ChatGPT for Blockchain Interactions, OKX Seeks Registration in France, and More
Solana integrates AI with ChatGPT plugin to facilitate blockchain interactions The Solana Foundation integrated artificial intelligence using a ChatGPT plugin developed by Solana Labs. The plugin enables interactions with the Solana blockchain, including functions such as buying NFTs, transferring tokens and interpreting data. The foundation also increased funding for blockchain and AI-related grants to $10 million and…