Category: Top Story
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Bitcoin falls back under $90,000 as fading Fed-cut hopes fuel a broader risk-off shift
Bitcoin (COIN:BTCUSD) slid below the $90,000 mark on Tuesday for the first time in almost seven months, as doubts over the Federal Reserve’s next policy steps and continued delays in key U.S. economic data sapped demand for speculative assets. As of 00:22 ET (05:22 GMT), the world’s largest cryptocurrency was down 5.4% at $90,091.5. Over…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Extend Slide as Market Turbulence Continues; Home Depot Earnings and Microsoft’s AI Showcase Ahead
U.S. equity futures drifted lower early Tuesday, signaling another rough session after a global wave of risk-off sentiment hit stocks, commodities, and cryptocurrencies. The pullback comes as investors rethink whether the massive surge in enthusiasm for artificial intelligence can continue, with major U.S. benchmarks breaking below a widely watched technical threshold on Monday. Attention now…
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Ford partners with Amazon to bring certified pre-owned vehicles to online shoppers
Ford Motor Co. (NYSE:F) is rolling out a new digital retail initiative that will allow consumers to purchase certified pre-owned Ford vehicles directly through Amazon’s (NASDAQ:AMZN) online marketplace, expanding the automaker’s push into e-commerce. The program—launching first in Los Angeles, Seattle, and Dallas—will feature inventory from roughly 20 participating Ford dealerships, with more stores preparing…
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Nvidia earnings dominate market attention this week amid mounting concerns over an AI “bubble”
Nvidia’s (NASDAQ:NVDA) upcoming quarterly results are set to take center stage in the days ahead, as investors gauge whether the chipmaker can continue to justify its staggering valuation and the broader optimism surrounding artificial intelligence. The semiconductor powerhouse has seen its market value explode by roughly 1,000% since OpenAI launched the ChatGPT chatbot in late…
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Novo Nordisk CEO Says White House Pricing Deal Aims to Expand Wegovy Access
Novo Nordisk (NYSE:NOV) chief executive Mike Doustdar said Monday that the company’s newly announced agreement with the White House—aimed at lowering the cost of its leading weight-loss medicines—is intended to widen access through the U.S. Medicare system. “It would be a pity if this molecule (semaglutide) is only being used by the upper class and…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Stocks Poised for a Quiet Open as Traders Await Economic Data and Nvidia Results
U.S. equity futures pointed to a muted start on Monday, suggesting that Wall Street may struggle to find clear direction as investors await several delayed economic reports and key corporate earnings later in the week. Markets ended last Friday nearly unchanged after staging a notable intraday rebound, and traders appear hesitant to make bold moves…
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Five Market Themes to Watch in the Coming Week
Corporate earnings will take center stage in the days ahead, with artificial-intelligence leader Nvidia (NASDAQ:NVDA) set to deliver a closely watched quarterly update. Retail heavyweight Walmart (NYSE:WMT) is also on deck. Meanwhile, the end of the extended U.S. federal government shutdown means investors will finally get a fresh batch of official economic data. These releases…
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Alphabet set for sharp gains after Berkshire Hathaway unveils $4.3B position
Shares of Alphabet Inc. were poised for a strong jump on Monday, according to 24-hour trading data, after Warren Buffett’s conglomerate Berkshire Hathaway revealed a multibillion-dollar investment in the Google parent. Alphabet Inc. (NASDAQ:GOOGL) climbed 6.1% to $293.40 in Sunday evening after-hours trading on Robinhood, briefly touching gains of up to 7%. The rally follows…
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Peter Thiel Sells Entire Nvidia Position and Cuts Tesla Stake as AI Bubble Worries Grow
Billionaire investor Peter Thiel fully divested his holdings in artificial-intelligence giant Nvidia, according to weekend regulatory filings, amid intensifying fears that tech valuations are being inflated by the AI boom. Filings show that Thiel sold roughly 537,742 shares of NVIDIA Corporation (NASDAQ:NVDA) between July and September. A Form 13F from his Thiel Macro fund revealed…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Data Set to Resume as Traders Await Nvidia Results: What’s Driving Markets
Futures tied to the major U.S. equity benchmarks pushed higher on Monday as investors prepared for a packed week marked by the return of official U.S. economic data releases and a high-profile earnings update from tech heavyweight Nvidia (NASDAQ:NVDA). September’s delayed U.S. employment report is finally expected after the prolonged government shutdown, while Nvidia’s results…