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First-Time Unemployment Benefit Claims Down More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended June 22nd. The Labor Department said initial jobless claims dropped to 233,000, a decrease of 6,000 from the previous week’s revised level of 239,000. Economists had expected jobless claims to…
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Slump By Micron May Weigh On Wall Street
The major U.S. index futures are currently pointing to a slightly lower open on Thursday, with stocks likely to give back ground after moving mostly higher over the two previous sessions. A slump by shares of Micron Technology (NASDAQ:MU) may weigh on the markets, as the chipmaker is tumbling by 4.4 percent in pre-market trading.…
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Interactive Brokers Loses $48 Million on NYSE, Amazon Achieves Historic Market Value, and More News
Interactive Brokers (NASDAQ:IBKR) – Interactive Brokers revealed a loss of $48 million due to an error on the New York Stock Exchange that temporarily showed a 99% drop in the stock prices of some companies, including Warren Buffett’s Berkshire Hathaway. The broker attempted to claim compensation for the loss, but the NYSE denied the request.…
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Levi Strauss Falls 15%, BlackBerry Narrows Losses, Micron Issues In-Line Projections Post Strong 3Q Results
Levi Strauss (NYSE:LEVI) – Despite the growing popularity of jeans, Levi Strauss reported second fiscal quarter revenues slightly below Wall Street expectations, with $1.44 billion versus the $1.45 billion expected. However, the company exceeded adjusted earnings per share expectations, with 16 cents versus the 11 cents predicted. The company increased its dividend by 8% and…
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U.S. Futures Decline Ahead of Key Economic Events, Oil Prices Rise
U.S. index futures point to a lower opening on Thursday, influenced by a disappointing revenue forecast from chipmaker Micron Technology (NASDAQ:MU), with focus on the release of Q1 GDP this morning and anticipation for May PCE inflation data on Friday. At 6:25 AM, Dow Jones futures (DOWI:DJI) fell 65 points, or 0.16%. S&P 500 futures…
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U.S. Stocks Close Flat After Cautious Session; Nasdaq Outperforms
U.S. stocks closed slightly higher on Wednesday after a somewhat sluggish session as investors made cautious moves while awaiting the release of personal consumption expenditures price index report, due on Friday. Data on first quarter GDP, durable goods orders for the month of May, and jobless claims report are also due this week. The major…
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PancakeSwap Launches AI Prediction Market; Worldcoin and Alchemy Unveil New Blockchain, and More Crypto News
PancakeSwap launches AI prediction market in partnership with Allora Network PancakeSwap, a multichain decentralized exchange, has teamed up with Allora Network to develop an innovative prediction market on the Arbitrum platform. This new feature uses Allora’s AI algorithms to analyze and predict Ether (COIN:ETHUSD) price fluctuations, allowing users to make more informed price movement predictions.…
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New Home Sales, Oil Inventories Reports Due
The Commerce Department is scheduled to release its report on new home sales in the month of May at 10 am ET. Economists expect new home sales to rise to an annual rate of 640,000 in May after tumbling to a rate of 634,000 in April. At 10:30 am ET, the Energy Information Administration is…
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U.S. Stocks May Lack Direction In Early Trading
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction after ending the previous session mixed. U.S. stocks closed mixed on Tuesday after a cautious session, as investors looked ahead to the release of some crucial U.S. data, including a report…
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Doordash and Deliveroo Terminate Talks; Universal Announces UK Theme Park Plan, and More News
Doordash (NYSE:DASH), Deliveroo (LSE:ROO) – Doordash, a US meal delivery company, expressed interest in acquiring the UK-based Deliveroo, but negotiations were terminated due to disagreements over the company’s valuation. Currently, there are no ongoing negotiations between the two companies. Comcast (NASDAQ:CMCSA) – Universal, a division of Comcast Corp., plans to build a large theme park in…