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After reporting decreases by first-time claims for U.S. unemployment benefits over the two previous weeks, the Labor Department released a report on Thursday showing a modest rebound by initial jobless claims in the week ended August 17th. The report said initial jobless claims rose to 232,000, an increase of 4,000 from the previous week’s revised…

The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to add to yesterday’s gains in early trading. The markets may continue to benefit from optimism about the outlook for interest rates following the release of the minutes of the Federal Reserve’s latest monetary policy meeting on…

U.S. index futures edged higher in pre-market trading on Thursday as investors eagerly await remarks from Federal Reserve Chairman Jerome Powell, scheduled for Friday. With the upcoming release of jobless claims and earnings from Intuit and Ross, the market remains cautious, especially after significant pre-market declines in Snowflake (NYSE:SNOW) and Urban Outfitters (NASDAQ:URBN) stocks, reflecting…

The dramatic decline of NFTs The NFT market, which peaked at $526 billion in May 2022, has shrunk to $18 billion, a 97% drop. NFTs dominated the market between 2021 and 2022, with collections like CryptoPunks and Bored Apes coveted by celebrities and investors. For example, CryptoPunk #5822, sold for $23.7 million in 2022, has…

The major U.S. index futures are currently pointing to a slightly higher open on Wall Street on Wednesday, with stocks likely to move back to the upside after ending yesterday’s choppy trading session modestly lower. Optimism about the outlook for interest rates may lead stocks to resume their upward trend ahead of the release of…

U.S. index futures were little changed in pre-market trading on Wednesday, with attention on the minutes from the Federal Reserve’s latest meeting and earnings reports. Investors are eagerly awaiting statements from Fed Chair Jerome Powell, who will speak at the Jackson Hole Economic Symposium on Friday. At 5:29 AM ET, Dow Jones futures (DOWI:DJI) rose…

ZTO Express (NYSE:ZTO) – The Chinese express delivery company reported second-quarter revenue of $1.48 billion in Q2 2024, an increase of 10.1%. Adjusted net income rose 10.9% to $386.1 million. Parcel volume grew 10.1%, but market share fell 2% to 19.6%. The company reaffirmed its forecast of 15%-18% growth in parcel volume for 2024. Shares…