Category: Include on Menu
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Starbucks Rises 3%; Disney Unveils New Films and Expansions; Uber CEO Questions Tesla Robotaxi Viability, and More
Starbucks (NASDAQ:SBUX) – Activist fund Starboard Value has acquired a stake in Starbucks and wants the company to take steps to boost its stock price. The size of the stake and specific demands were not disclosed. Starboard has not yet made formal demands. Shares rose 2.9% pre-market. Walt Disney (NYSE:DIS) – At the D23 convention,…
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U.S. Stocks Move Mostly Higher, Largely Offset Monday’s Sell-Off
Following the rally seen during Thursday’s session, stocks turned in a relatively lackluster performance during trading on Friday but managed to end the day mostly higher. The major averages finished the session off their highs of the day but still in positive territory. The Dow edged up 51.05 points or 0.1 percent to 39,497.54, the…
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Bitcoin ETFs See Record Inflows, Tether Expands Team, Trump Plans DeFi Platform
Bitcoin and cryptocurrencies rebound after positive economic data and ETFs impact Bitcoin’s price (COIN:BTCUSD) reached a peak of $61,720 during Asian trading before retreating to just over $60,220 within 24 hours. This recovery followed lower-than-expected jobless claims, calming investors and leading to a market-wide rebound after Monday’s sharp decline. Additionally, the recovery mirrored the positive…
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Lingering Economic Concerns May Lead To Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to give back ground after moving sharply higher in the previous session. Traders may look to cash in on yesterday’s rally, which saw the S&P 500 post its biggest percentage gain since November 2022. Lingering concerns about the…
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US Futures Climb Following Thursday’s Rally, Oil Prices Steady
U.S. stock futures advanced in pre-market trading on Friday, extending the recovery seen on Thursday after Monday’s selloff. Despite recent gains, the S&P 500, Nasdaq, and Dow are still down for the week. At 5:07 AM ET, Dow Jones futures (DOWI:DJI) rose 70 points or 0.18%. S&P 500 futures gained 0.34%, and Nasdaq-100 futures advanced…
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Sweetgreen Rises 22% on Raised Forecasts, Doximity Jumps 30%, Rocket Lab Soars 14% on 71% Revenue Growth, and More
Sweetgreen (NYSE:SG) – The healthy restaurant chain reported second-quarter revenue of $184.6 million, up 21% year-over-year, above the $180.8 million expected. The company reduced its net loss to $14.5 million and raised its annual revenue forecast to $670-680 million. Same-store sales are expected to grow 5% to 7%. Shares rose 22.2% in pre-market trading. Doximity…
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TSMC July Revenue Surges 45%, Nasdaq Accelerates Penny Stock Delistings, Moody’s Downgrades Intel to BAA1, and More
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) – TSMC’s revenue rose 45% in July, indicating strong demand for AI chips, with sales reaching NT$ 256.95 billion. Analysts expect 37% growth in the third quarter, but concerns about future technology and the global economy affected the company’s stock. Shares rose 2.8% in pre-market trading. Intel (NASDAQ:INTC), Moody’s (NYSE:MCO)…
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Pullback By Jobless Claims Contributes To Rally On Wall Street
Stocks moved sharply higher during trading on Thursday, with the major averages more than offsetting the downturn seen over the course of the previous session. The major averages surged early in the session and saw further upside as the day progressed. The major averages moved roughly sideways going into the close, hovering near their best…
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US Unemployment Data Fuels Crypto Surge, Court Ruling Sparks Significant XRP Rally, Toncoin Gains 15% on Binance Listing
Crypto market rises with US unemployment improvement In the last 24 hours, Bitcoin’s price (COIN:BTCUSD) surged 8.1% to $59,475 on Thursday, driven by better-than-expected US unemployment data. Initial jobless claims were 233,000, below forecasts, boosting economic optimism and easing recession fears. Ethereum (COIN:ETHUSD) rose 10.8% to $2,588, while Solana (COIN:SOLUSD) (8.6%), Binance Coin (COIN:BNBUSD) (6.7%),…
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First-Time Unemployment Benefit Claims Fell More Than Expected
First-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended August 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 233,000, a decrease of 17,000 from the previous week’s revised level of to 250,000. Economists had expected jobless…