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SWIFT Innovates in CBDC Solutions, SEC Imposes Billion-Dollar Fine on Ripple Labs, Tether Ventures into AI, and Latest News
Bitcoin swung to over $71,000 in anticipation of the halving Bitcoin (COIN:BTCUSD) climbed to over $71,000 on Tuesday morning, marking a weekly peak, as we approach the anticipated block reward halving. After briefly hitting the mark of $71,582.96, the price retreated and stabilized around $70,181.55 at the time of writing. The appreciation comes amidst a…
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New U.S. Manufactured Goods Orders Increased; Major Metropolitan House Prices Report Due
Partly reflecting a rebound in orders for transportation equipment, the Commerce Department released a report on Tuesday showing a notable increase in new orders for U.S. manufactured durable goods in the month of February. The report said durable goods orders jumped by 1.4 percent in February after plummeting by a revised 6.9 percent in January.…
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U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move back to the upside following the modest weakness seen on Monday. Optimism about the outlook for interest rates may inspire renewed buying interest on Wall Street following the Federal Reserve’s monetary policy announcement last week. While…
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U.S. Index Futures on the Rise, Oil Prices Show Stability
U.S. index futures are showing an uptrend in pre-market trading this Tuesday, with investors keen on driving a recovery that had previously lifted stocks to their all-time highs, looking to reverse the losses seen in the previous session. At 06:19 AM, Dow Jones futures (DOWI:DJI) rose 103 points, or 0.26%. S&P 500 futures advanced 0.40%,…
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Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News
Super Micro Computer (NASDAQ:SMCI) – An analyst has joined the optimistic group regarding the shares of Super Micro Computer, with an increase of about 856% over the last 12 months. Rated Overweight, JPMorgan analyst Samik Chatterjee justifies the “premium valuation” due to the rapid growth of the artificial intelligence server market. SMCI shares are up…
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U.S. Stocks Show Modest Move To The Downside
After an early move to the downside, stocks fluctuated over the course of the trading session on Monday but largely maintained a negative bias. The major averages all finished the day lower after ending last Friday’s trading mixed. The tech-heavy Nasdaq (NASDAQ:COMP) fell 44.35 points or 0.3 percent to 16,384.47, pulling back off the record…
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Masimo Shares Up, Foot Locker Upgraded
Shares of Masimo (NASDAQ:MASI) are moving sharply higher in pre-market trading after the medical technology company announced its board has authorized management to evaluate a proposed separation of its consumer business. Sportswear and footwear retailer Foot Locker (NYSE:FL) is also likely to see initial strength after Evercore ISI upgraded its rating on the company’s stock…
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New Home Sales Report, Two-Year Note Auction Results Due
The Commerce Department is scheduled to release its report on new home sales in the month of February at 10 am ET. Economists expect new home sales to surge to an annual rate of 680,000 in February after jumping to a rate of 661,000 in January. At 10:30 am ET, Federal Reserve Board Governor Lisa…
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Tech Sector Weakness May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to move to the downside after ending last Friday’s choppy session mixed. Weakness among technology stocks may weigh on the markets, as reflected by the 0.5 percent drop by the Nasdaq 100 futures. Shares of Intel (NASDAQ:INTC) and…
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Donald Trump’s Stock Market Deal For Truth Social Passes, And Could Give Him Billions
Trump Media, the owners of the social media platform Truth Social, is about the become a publicly listed company, as it is due to be acquired by Digital World Acquisition Corp after a shareholder vote on Friday. Trump will have at least a 58% stake in the merged company, worth almost $3 billion. Digital World,…