ADVFN US – Market Content Editor
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Top Company News of the Day: Zoom, Yelp, TikTok, Adani
Zoom stock ticks higher as earnings and forecast top expectations Zoom Video Communications Inc.’s stock rose in extended trading Monday, after the videoconferencing company beat financial expectations. Activist Investor Calls on Yelp to Explore Sale TCS Capital Management has built a stake in Yelp and is calling on the service-recommendation site to explore strategic alternatives.…
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U.S. Stocks Close On Mixed Note After Lackluster Session
U.S. stocks turned in a mixed performance on Monday with technology shares outperforming the broad market. Investors largely refrained from making significant moves as they awaited updates on debt ceiling negotiations. President Joe Biden and House Speaker Kevin McCarthy, R-Calif., are due to hold talks on raising the debt ceiling this evening. Treasury Secretary Yellen…
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Crypto this Monday: Bitcoin Pizza Day, STEPN Integrates Apple Pay, and More
Today is Bitcoin Pizza Day Members of the crypto community celebrated the anniversary of Bitcoin Pizza Day, the first notable exchange of Bitcoin (COIN:BTCUSD) for physical goods. Laszlo Hanyecz bought two pizzas for 10,000 BTC on May 22, 2010. The event has become an annual celebration, with cryptocurrency enthusiasts enjoying pizzas around the world. However, it is…
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US Debt Ceiling Talks Continue, China Protests G7’s ‘Anti-China Workshop’, Israel Raises Interest Rates
China Protests G7’s ‘Anti-China Workshop’ China’s vice foreign minister summoned the Japanese ambassador to protest against what he described as collusion between Japan and the G7 to “smear and attack China.” The state-backed tabloid, Global Times, criticized the G7 summit hosted by Japan as an “anti-China workshop.” During the summit, the G7 condemned China’s activities…
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China Bans Micron, Ryanair Exceeds Profit Expectations, Meta Fined €1.2bn by EU
China Bans Micron China’s Cyberspace Administration announced a ban on operators of key infrastructure from purchasing products from US chipmaker Micron Technology (NASDAQ:MU), citing “serious network security risks.” The move marks China’s first major action against an American semiconductor group, with Micron identified as posing risks to the country’s critical information infrastructure supply chain. Ryanair…
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Key Events In The Week Ahead
The negotiations over the U.S. debt ceiling keep breaking sticks and stones… Today, Joe Biden will meet with McCarthy to discuss the issue and try to reach an agreement. Before leaving Japan after the G7 summit, Mr. President expressed his willingness to cut spending and make necessary fiscal adjustments. However, he rejected the latest offer…
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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 modest pullback seen in the previous session. Traders may be reluctant to make significant moves as they await additional news on debt ceiling negotiations after talks broke down last…
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Monday’s Wall Street Highlights: Meta, Micron, Ford, Hepion, Ryanair and more
US Index Futures were broadly flat on Monday as traders watched talks on the US debt ceiling. By 7:49 AM, Dow Jones futures were up 8 points, or 0.03%. S&P 500 futures were down 0.01%, while Nasdaq-100 futures were down 0.06%. The 10-year Treasury yield was at 3.68%. West Texas Intermediate crude rose 0.21% to settle at $71.70…
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US Futures Down, European Stocks Mixed as Focus Remains on US Debt-Ceiling
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. IWG added 3.2% and Wizz Air Holdings rose 2.9%. On the…
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Top Company News of the Day: Micron, Exxon, Morgan Stanley, JPMorgan
Beijing Bans Micron as Supplier to Big Chinese Firms Cyberspace office says the chip maker’s products pose a major national-security risk. Exxon Joins Hunt for Lithium in Bet on EV Boom The oil giant quietly laid plans earlier this year for potentially producing the mineral in Arkansas. Largest U.S. Pension Sells Apple, Intel, NIO, and…