Category: Top Story
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Walmart cuts prices on barbecue essentials after Trump highlights retailer’s move (WMT)
Walmart lowers prices on key summer food items Walmart (NYSE:WMT) announced on Monday that it is reducing prices on a range of popular summer barbecue products, including beef, soft drinks and snack foods, after President Donald Trump said the retailer had agreed to lower prices at his administration’s request. In a post on Truth Social,…
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Micron shares retreat as Samsung earnings trigger memory chip selloff (MU)
Samsung results spark declines across semiconductor sector Micron Technology (NASDAQ:MU) shares fell 4.9% in premarket trading on Tuesday, extending a broader decline across the memory semiconductor industry after Samsung Electronics’ latest earnings update prompted selling throughout the sector. Shares of SanDisk also dropped 4.7% before the opening bell. The weakness followed Samsung Electronics’ (KS:005930) preliminary…
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US futures edge lower as investors assess Samsung results and Fed outlook: Dow Jones, S&P, Nasdaq, Wall Street
US stock index futures traded cautiously on Tuesday after the Dow Jones Industrial Average reached a record high in the previous session, while investors weighed another strong earnings update from Samsung Electronics (USOTC:SSNHZ) alongside fresh comments from Federal Reserve Governor Christopher Waller. Futures pause after Wall Street records By 03:02 ET (07:02 GMT), futures linked…
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Dow Closes Above 53,000 for the First Time as AI Rally Lifts Wall Street
Wall Street kicked off the first full trading week of July with gains across the board, as renewed confidence in the artificial intelligence trade lifted technology and semiconductor stocks and helped the Dow Jones Industrial Average close above 53,000 for the first time. Coming off a holiday-shortened week that ended with the Dow at a…
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Memory Stocks Advance as Analysts Highlight Attractive Entry Point
AI Demand and Pricing Outlook Lift Sector Sentiment Memory and storage stocks moved higher in premarket trading on Monday after several analysts pointed to improving pricing trends and continued artificial intelligence demand as reasons for renewed optimism across the sector. Micron (NASDAQ:MU) rose 2.2%, SanDisk (NASDAQ:SNDK) gained 3.6%, Western Digital (NASDAQ:WDC) advanced 3.4%, and Seagate…
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Five Key Market Events Investors Will Be Watching This Week
1. U.S. Services PMI to Gauge Economic Momentum Wall Street returns from the extended Independence Day weekend with investors focused on fresh data from the U.S. services sector, one of the most important indicators of economic activity. The Institute for Supply Management’s (ISM) non-manufacturing PMI for June is expected to ease slightly to 54.2 from…
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Wall Street Futures Rise Ahead of ISM Services Data as OPEC+ Boosts Oil Output: Dow Jones, S&P, Nasdaq
Futures Advance After Holiday Weekend U.S. equity futures moved modestly higher on Monday as investors returned from the Independence Day holiday and prepared for a week packed with economic data and central bank commentary. At 07:01 GMT, Dow futures were broadly unchanged, S&P 500 futures gained 0.3%, while Nasdaq 100 futures outperformed with a rise…
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Brokerages Accelerate Rollout of AI Trading Tools as Automated Investing Expands
Brokerage firms are rapidly introducing artificial intelligence-powered trading capabilities, with new offerings ranging from fully autonomous trading agents to AI assistants that require investor approval, according to a recent Jefferies industry overview. Earlier this month, Coinbase Global Inc (NASDAQ:COIN), eToro Group Ltd (NASDAQ:ETOR) and Robinhood Markets Inc (NASDAQ:HOOD) launched fully automated AI agents capable of…
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UBS highlights why commodities are back in focus for investors
Inflation and geopolitics renew interest in commodities Commodities are attracting renewed attention from investors as concerns over inflation, geopolitical tensions and portfolio diversification drive interest in the asset class, according to a new report from UBS. The bank outlined 10 key insights into commodity investing, covering everything from portfolio construction to the practical characteristics of…
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Citi Sees European Heatwaves Driving Long-Term Growth for U.S. HVAC Companies
Persistently higher temperatures across Europe could create a significant long-term opportunity for U.S. heating, ventilation and air-conditioning (HVAC) manufacturers as demand for cooling systems continues to rise, according to analysts at Citi. Europe is currently experiencing an intense heatwave, and the bank believes increasingly frequent periods of extreme heat could accelerate the adoption of air-conditioning…