Category: Include on Menu
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Google Cloud and Solana Launch Gameshift for Web3; Ethereum ETFs Face $79 Million Outflows, and More in Crypto
Google Cloud and Solana Labs launch Gameshift for Web3 gaming Google Cloud and Solana Labs have launched Gameshift, an API that facilitates the integration of traditional games with Web3 technology, such as NFTs and digital assets. The announcement was made at the Solana Breakpoint 2024 event, and the tool is available on the Google Cloud…
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U.S. Stocks May See Further Upside In Early Trading
The major U.S. index futures are currently pointing to a slightly higher open on Tuesday, with stocks likely to add to the modest gains posted in the previous session. Strength in overseas markets may carry over onto Wall Street after China’s central bank announced a slew of stimulus measures. At a press conference on Tuesday,…
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U.S. Index Futures Rise Slightly; Oil Prices Surge Amid China Stimulus and Gulf of Mexico Hurricane
U.S. index futures rose slightly in pre-market trading on Tuesday after the S&P 500 and Dow Jones hit new closing records. At 5:19 AM, Dow Jones futures (DOWI:DJI) were up 78 points, or 0.18%. S&P 500 futures gained 0.21%, and Nasdaq-100 futures advanced 0.33%. The 10-year Treasury yield stood at 3.791%. In commodities, oil prices…
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Visa Faces Monopoly Lawsuit; Meta Introduces Celebrity Voices for Chatbot; Stellantis on the Hunt for New CEO
Visa (NYSE:V) – The US Department of Justice is suing Visa, accusing the company of illegally monopolizing the debit card market. The lawsuit, which will take place in federal court, is based on the company’s anti-competitive behavior. The investigation began in 2021 to determine whether Visa prevents competition. Shares fell 1.8% in pre-market trading after…
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U.S. Stocks Close Slightly Higher; Dow, S&P Post New Highs
U.S. stocks closed higher on Monday and the Dow and S&P 500 posted record highs, although the gains were just marginal, as investors largely made cautious moves ahead of some crucial economic data and Fed speeches. Reports on durable goods orders, new home sales and consumer confidence are likely to attract attention along with a…
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Cryptocurrency Correlation With S&P 500 Rises; Riot Ends Bitfarms Acquisition; BlackRock Alters IBIT
Correlation between cryptocurrencies and the S&P 500 increases The correlation between cryptocurrencies and the S&P 500 (SPI:SP500) reached 0.67, a level unseen since 2022. This increase reflects the impact of macroeconomic factors on cryptocurrency markets, such as US interest rates and monetary policies. Analysts expect this correlation to persist, especially with a soft landing anticipated…
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Futures Pointing To Modestly Higher Open On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks likely to move to the upside after ending last Friday’s trading narrowly mixed. Stocks may benefit from optimism about the outlook for the economy following the Federal Reserve’s interest rate cut last week. The Fed is expected to…
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US Futures Steady in Pre-Market; Oil Rises on Middle East Conflict Fears
U.S. index futures are largely flat in pre-market trading this Monday, after a strong week on Wall Street, driven by the Federal Reserve’s 50 basis point interest rate cut. The Dow hit a record high above 42,000 points, with investors eyeing upcoming economic data and Fed speeches this week. At 5:23 AM, Dow Jones futures…
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Apollo Eyes $5 Billion Investment in Intel; TSMC and Samsung Explore UAE Chip Projects, and More
Intel (NASDAQ:INTC), Apollo Global Management (NYSE:APO), Qualcomm (NASDAQ:QCOM) – Apollo Global Management has reportedly offered up to $5 billion to invest in Intel, according to Bloomberg. The negotiations are in the early stages and could change or fall apart. In addition, Qualcomm is in preliminary talks to acquire Intel, aiming to reshape the chip sector,…
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Nasdaq, S&P 500 Give Back Ground But Dow Inches Up To New Record Closing High
Stocks moved mostly lower early in the session on Friday but regained ground over the course of the trading day. The major averages climbed well off their worst levels of the day before eventually closing narrowly mixed. While the Dow (DOWI:DJI) inched up 38.17 points or 0.1 percent to a new record closing high of…