Category: Include on Menu
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Thursday’s Wall Street Highlights: Walmart, Alibaba, Deutsche Bank, Snowflake and more
US Index Futures were mixed on Thursday, on optimism that talks to raise the country’s debt ceiling are progressing, and traders digesting gains from Walmart and Alibaba, as well as reports of weekly unemployment claims numbers, the Philadelphia Fed’s manufacturing survey numbers for May, and awaiting existing home sales data for April. By 08:45 AM,…
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U.S. Stocks May Lack Direction Following Yesterday’s Rally
US Market The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction following the rally seen in the previous session. Traders may be reluctant to make significant moves on the heels of the surge seen on Wednesday, which partly reflected optimism…
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Montana Bans TikTok, Australian Timber Trade Resumes, Record Rents in NYC Boroughs
Global Temperatures to Surpass Paris Agreement Limit According to the World Meteorological Organisation, there is a 66% likelihood that global average temperatures will surpass pre-industrial levels by 1.5°C in one of the next five years. This represents a significant increase from previous estimates, with odds being near zero in 2015. The Paris agreement aimed to…
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Micron Invests in Japanese Memory-Chip Manufacturing, BT Group to Reduce Workforce by 42%
Deutsche Bank Settles Epstein Case Deutsche Bank (XE:DBK) has agreed to pay $75 million to settle accusations that it benefitted from human trafficking by retaining Jeffrey Epstein as a client. Lawyers describe this settlement as potentially the largest sex-trafficking settlement involving a banking institution in American history. The allegations against the German bank revolved around…
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Top Company News of the Day: Micron, Amazon, TikTok, Deutsche Bank
Micron Outlines $3.6 Billion Investment With Japan’s Backing The U.S. chip maker’s deal with Tokyo comes at a time of rising tension between Washington and Beijing over chip technology. Amazon’s Cloud Business to Invest More Than $12 Billion in India by 2030 Amazon.com’s cloud-computing business plans to spend $12.81 billion to expand its data-center infrastructure…
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US Futures Flat, European Stocks Rise on US Debt-Ceiling Optimism
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.5% in morning trading. Vistry Group rose 3.8% and alstria office REIT climbed 3.4%. On the…
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U.S. Stocks Rally On Optimism About Debt Ceiling Deal
After ending Tuesday’s session mostly lower, stocks showed a substantial move back to the upside during trading on Wednesday. The Dow bounced off its lowest closing level in over a month, while the tech-heavy Nasdaq reached a nearly nine-month closing high. The major averages moved roughly sideways in the final hour of trading, holding on…
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Crypto this Wednesday: Axie Infinity on App Store, Tether to Strengthen Reserves with BTC, and More
Axie Infinity game launched on the App Store in Latin America and Asia Sky Mavis is launching its Axie Infinity: Origins card game on the Apple (NASDAQ:AAPL) App Store, expanding its availability in key markets where it is popular. The AXS token (COIN:AXSUSD) reacted, up 6.73% over the last 24 hours to $7.29. The strategic card-based game…
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Tencent’s Revenue Rises, IBM and Google Invest in Quantum, Deutsche Bank to Reduce Office Space
Tencent’s Revenue Rises Tencent (HKF:0700), the Chinese tech giant, experienced accelerated revenues in the first quarter as the country’s economy rebounded after the end of its zero-Covid policy. In the three months leading up to March, the social media and gaming group reported an 11% rise in revenue, reaching Rmb150bn ($21bn) compared to the same…
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Increasing Delinquency Rates in US, Slowdown in China’s Home Price Growth, US Housing Starts To Show Recovery Signs
Sudan Aid Plea Amidst Conflict: UN Seeks $2.6B The UN’s aid agency has appealed for $2.6 billion to support humanitarian efforts in Sudan amidst ongoing conflict between the Sudanese army and the paramilitary group, Rapid Support Forces. With over half of the country’s population, approximately 25 million people, requiring aid and protection, the situation is…