Category: Include on Menu
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Expedia Announces 1,500 Job Cuts; Hims & Hers Surges 19.8% Post Financial Results, and More News
Expedia (NASDAQ:EXPE) – Expedia revealed plans on Monday to cut approximately 1,500 jobs globally, about 9% of its workforce, as part of an “organizational and technological transformation.” The decision follows a moderate revenue forecast for 2024, with declining airfare prices. Expedia’s restructuring will incur pre-tax charges and cash expenses between $80 million and $100 million.…
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U.S. Stocks Close Weak As Investors Await Key Economic Data
U.S. stocks ended on a negative note on Monday, and the major averages turned weak after a slightly positive start, as investors largely stayed cautious ahead of some key economic data, including a report on consumption expenditure. Among the major averages, the Dow (DOWI:DJI) ended lower by 62.30 points or 0.16 percent at 39,069.23. The…
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Crypto: Phishing Hack Strikes MicroStrategy, Malicious Code Compromises Tornado Cash, and More
MicroStrategy hit by phishing scam on X; continues Bitcoin portfolio expansion MicroStrategy’s account on X (formerly Twitter) was compromised, disclosing a fake airdrop of an MSTR Ethereum token in the early hours of February 26. PeckShield alerted to a phishing link in the announcement, leading to a fake website. Although the post was deleted, MicroStrategy…
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New Home Sales, Treasury Auction of Two-Year Notes Reports Due Today
The Commerce Department is scheduled to release its report on new home sales in the month of January at 10 am ET. New home sales are expected to jump to an annual rate of 680,000 in January after surging to a rate of 664,000 in December. At 11:30 am ET, the Treasury Department is due…
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Futures Pointing To Roughly Flat Open On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the strong performance seen last week. Traders may be reluctant to make significant moves as they digest last week’s gains, which lifted the Dow and S&P 500 to new record…
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U.S. Index Futures Dip Amid Inflation Data Anticipation, Oil and Iron Ore Prices Retreat
On Monday, U.S. index futures fell slightly, signaling investor tension as they await new inflation data this week, closely monitored by the Federal Reserve, and keep an eye on the wave of significant earnings reports approaching, including Salesforce (NYSE:CRM), restaurants, and major retailers. At 05:22 AM, Dow Jones futures (DOWI:DJI) fell 55 points, or 0.15%.…
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Broadcom in Talks to Sell Computing Unit, Alcoa Acquires Alumina for $2.2 Billion, and Latest News
Broadcom (NASDAQ:AVGO) – Broadcom is nearing a $3.8 billion deal with KKR & Company (NYSE:KKR) to sell its end-user computing unit. The CEO is looking to streamline the portfolio after acquiring VMware. The deal could be announced on Monday, with KKR leading the auction. Alcoa (NYSE:AA) – Alcoa has made a $2.2 billion proposal to…
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Dow, S&P 500 Finish Lackluster Session At New Record Highs
Stocks extended Thursday’s substantial rally in early trading on Friday but turned in a relatively lackluster performance over the remainder of the trading session. Despite the choppy trading, the Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) reached new record closing highs. The major averages bounced back and forth across the unchanged line before closing narrowly…
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Uniswap Skyrockets 55% with Incentive Proposal, Avalanche Confronts 4-Hour Shutdown, and More
Expiration of $3.6 billion in Bitcoin options could influence the market Today, around $3.6 billion worth of Bitcoin options contracts are set to expire on major derivatives exchanges, raising questions about possible impacts on the cryptocurrency’s value. The majority of these options reside on Deribit and CME, indicating significant speculation or hedging strategies against Bitcoin…
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U.S. Futures Pause Post-Nvidia Rally; WTI and Brent Decline in April Futures
In the pre-market on Friday, U.S. index futures showed a moderate trend, reflecting a pause after the euphoria outbreak in the market caused by Nvidia’s rally. This event led American exchanges to climb to new heights, setting historical marks. At 05:34 AM, Dow Jones futures (DOWI:DJI) rose 3 points, or 0.01%. S&P 500 futures dropped…