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Cloudflare Skyrockets 26% Pre-Market; Expedia Plunges 14% After CEO Resignation, and More
Alphabet (NASDAQ:GOOGL) – Google has renamed its chatbot Bard to Gemini, powered by a new artificial intelligence. Consumers can pay $19.99/month for Gemini Advanced, which includes a more powerful AI model and two terabytes of cloud storage, competing with Microsoft (NASDAQ:MSFT). Amazon (NASDAQ:AMZN) – Amazon and BMW triumphed in an action against sellers of counterfeit…
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S&P 500 Peeks Above 5,000 But Closes Slightly Below Key Level
Following the strong upward move seen over the course of the previous session, stocks turned in a relatively lackluster performance during trading on Thursday. Despite the choppy trading, the S&P 500 and the Dow reached new record closing highs. The major averages all finished the day modestly higher. The Dow inched up 48.97 points or…
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Bitcoin Surges Past $45K, Coinbase Spotlights $74 Billion Blockchain Savings, and Latest Crypto News
Bitcoin surpasses $45,000 on Thursday In the last 24 hours, Bitcoin (COIN:BTCUSD) has crossed the $45,000 mark, coinciding with the historical peak of US stock market indices. Fernando Pereira, an analyst at Bitget, shared his view on Bitcoin’s immediate future, highlighting two potential paths: “I see 2 possibilities for the short term in BTC. Failing…
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First Time U.S. Unemployment Benefit Claims Fell More Than Expected
Following last Friday’s much stronger than expected monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended February 3rd. The report said initial jobless claims slipped to 218,000, a decrease of 9,000 from the previous week’s upwardly revised…
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Traders May Cash In On Recent Strength On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to give back ground following the strong upward move seen over the course of the previous session. Profit taking may contribute to an initial pullback on Wall Street, as some traders look to cash in on the…
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Arm Achieves Record Revenue, PayPal Shares Plummet by More Than 9%, and Latest Updates
Apple (NASDAQ:AAPL) – According to The Information, Apple is working on prototypes for at least two foldable iPhone models that fold horizontally, resembling a clamshell. These foldable devices are in the early stages of development and are not expected for mass production until 2024 or 2025. Apple has recently contacted at least one manufacturer in…
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U.S. Index Futures Dip Slightly, Oil Prices Climb
In Thursday’s pre-market, U.S. index futures are showing weakened performance, contrasting with the new peaks reached by the Dow Jones and S&P 500 the previous day. At 05:28 AM, Dow Jones (DOWI:DJI) futures fell 17 points, or 0.04%. S&P 500 futures fell 0.06%, and Nasdaq-100 futures rose 0.01%. The yield on 10-year Treasury bonds was…
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S&P 500 Climbs To New Record Closing High Just Shy Of 5,000
After ending Tuesday’s choppy trading session modestly higher, stocks showed a strong move to the upside during trading on Wednesday. The Dow and the S&P 500 set new record closing highs, with the latter reaching an intraday peak just shy of 5,000. The major averages pulled back off their best levels going into the close…
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Crypto: SEC Postpones Ether ETF Decision, Hut 8 Leadership Transition, and Latest News
Bitcoin on the brink of a breakout with $535 million at stake Bitcoin (COIN:BTCUSD) shows signs of stabilization in a narrow range, suggesting an imminent breakout. There is notable accumulation at strong support levels, reflecting a robust base for potential upside. However, for a significant uptrend, it is crucial to overcome resistance at $43,800. Analysis…
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U.S Trade Deficit Widened, Oil Inventories Report Due
With imports increasing by more than exports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened in the month of December. The Commerce Department said the trade deficit increased to $62.2 billion in December from a revised $61.9 billion in November. Economists had expected the trade deficit to narrow to…