ADVFN US – Market Content Editor
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Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon
Microsoft (NASDAQ:MSFT), Vodafone (NASDAQ:VOD) – Microsoft announced a new stock buyback program of up to $60 billion and a 10% increase in its quarterly dividend to $0.83. The company plans to hold its annual shareholders’ meeting on December 10. Additionally, Microsoft revealed that Vodafone signed a significant contract to use 68,000 licenses for Copilot AI…
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U.S. Stocks Close Mixed Ahead Of Fed Policy Meeting; Dow Hits New Record High
U.S. stocks ended on a mixed note on Monday as investors looked ahead to the Federal Reserve’s monetary policy announcement later this week, and stayed largely cautious and selective with regard to their moves. Among the major averages, the Dow (DOWI:DJI) hit a new record high and ended up 228.30 points or 0.55 percent at…
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Bitcoin Falls as Traders Eye Fed; Mining Stocks Drop Amid High Hash Rate, and Latest in Crypto
Bitcoin drops as traders eye the Fed Bitcoin (COIN:BTCUSD) fell to around $57,823, dropping 2.3% in 24 hours, after holding above $60,000 over the weekend. Ether (COIN:ETHUSD) slipped 1.4% to around $2,288. Futures traders lost $143 million due to the sudden drop. Increasing competition from networks like Solana and Base pressures Ethereum. Expectations of a…
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U.S. Markets Await Fed Decision and Empire State Report Amid Global Economic Shifts; Oil Prices Rise Slightly
On Monday, the main highlight of the U.S. economic agenda is the Empire State Manufacturing Survey for September, which will be released at 8:30 AM ET. The market expects a reading of -5.0, compared to -4.7 in August. The Fed’s two-day policy meeting is set to begin on Tuesday, with the interest rate decision expected…
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Intel Secures $3.5 Billion Subsidy, Stellantis Backs EU Emissions Targets, BP and Apollo Reach $1 Billion Deal
Intel (NASDAQ:INTC) – Intel secured up to $3.5 billion in federal subsidies to manufacture semiconductors for the U.S. Department of Defense. This information was disclosed by Bloomberg News after the company signed a binding agreement with U.S. authorities. Shares rose 3.7% in pre-market trading after closing up 1.6% on Friday. Stellantis NV (NYSE:STLA) – Stellantis…
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U.S. Extend Upward Trend Amid Optimism About Lower Interest Rates
Stocks moved mostly higher during trading on Friday, extending the upward trend seen over the past several sessions. The Nasdaq and the S&P 500 closed higher for the fifth straight day, largely offsetting the steep losses posted last week. The major averages all finished the day firmly in positive territory. The Dow advanced 297.01 points…
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Worldcoin Integrates World ID with Solana; cbBTC Hits $103 Million; SEC Expands Binance Lawsuit, Adds New Tokens as Securities
Worldcoin integrates World ID with Solana via Wormhole On Friday, Worldcoin (COIN:WLDUSD) announced the integration of World ID with the Solana blockchain through Wormhole Foundation’s cross-chain protocol. The World ID, based on Ethereum layer 2, allows privacy-focused identity verification for decentralized applications (DApps). This integration enables Solana developers to implement secure, Ethereum-compatible authentication. The Wormhole…
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U.S. Import Prices Down Slightly
A report released by the Labor Department on Friday showed import prices in the U.S. decreased by slightly more than expected in the month of August. The Labor Department said import prices fell by 0.3 percent in August after inching up by 0.1 percent n July. Economists had expected import prices to dip by 0.2…
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Futures Pointing To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the upward trend seen over the past several sessions. Optimism about the outlook for interest rates may contribute to continued strength on Wall Street ahead of the Federal Reserve’s monetary policy meeting next week. The Fed…
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U.S. Index Futures Steady; Oil Poised to Break Weekly Losing Streak
U.S. index futures showed little movement in pre-market trading this Friday. Investors are focused on the Federal Reserve’s meeting on September 17-18, which is expected to result in a 25 basis point interest rate cut. At 5:16 AM, Dow Jones futures (DOWI:DJI) rose 51 points, or 0.12%. S&P 500 futures gained 0.18%, and Nasdaq-100 futures…