ADVFN US – Market Content Editor
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OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast
Boeing (NYSE:BA) – Workers at Boeing’s West Coast factories voted in favor of a strike. The walkout, the first since 2008, will affect 737 MAX production amid the company’s production challenges and mounting debts. The union argued that the offer didn’t offset years of stagnant wages and rising health care costs. A 50-day strike could…
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Nasdaq, S&P 500 Close Higher For Fourth Consecutive Session
After turning in a lackluster performance early in the session, stocks moved notably higher over the course of the trading day on Thursday. The Nasdaq and the S&P 500 added to strong gains posted in Wednesday’s session, closing higher for the fourth straight day. The major averages all finished the day firmly in positive territory.…
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Grayscale Launches XRP Fund, Coinbase Debuts cbBTC Token, 1inch Reveals Atomic Swap Protocol
Grayscale launches investment fund focused on XRP Grayscale launched an investment fund for XRP (COIN:XRPUSD) on September 12, pushing the asset’s price to an intraday high of $0.5882. The new XRP Trust, like other Grayscale products, focuses solely on the XRP token, which powers the XRP Ledger blockchain. The fund was reactivated after Ripple’s court…
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Producer Prices Up More Than Expected; First-Time Unemployment Benefit Claims Show Modest Rise
A report released by the Labor Department on Thursday showed producer prices in the U.S. rose by slightly more than expected in the month of August. The Labor Department said its producer price index for final demand crept up by 0.2 percent in August, while revised data showed prices were unchanged in July. Economists had…
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U.S. Stocks May Lack Direction Following Yesterday’s Turnaround
The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction following the substantial turnaround seen over the course of the previous session. The futures had been pointing to a higher open for the markets but gave back ground following the release…
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U.S. Index Futures Climb Ahead of Key Economic Data Releases; Oil Prices Rise
U.S. index futures rose in premarket trading on Thursday following a volatile session driven by August inflation data, with investors awaiting further economic data to guide market expectations. At 5:12 AM, Dow Jones futures (DOWI:DJI) were up 82 points, or 0.20%. S&P 500 futures gained 0.22%, and Nasdaq-100 futures rose 0.24%. The 10-year Treasury yield…
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Norfolk Southern CEO Fired, Ryanair Lowers Fare Forecast, 23andMe Considers Acquisition Proposals
Norfolk Southern (NYSE:NSC) – Norfolk Southern fired its CEO, Alan Shaw, after an internal investigation into allegations of ethical policy violations. CFO Mark George was promoted to CEO. Shaw’s dismissal, which occurred after the 2023 disaster, is unrelated to the company’s financial performance. Shares fell 1.4% on Wednesday. Ryanair Holdings (NASDAQ:RYAAY) – Ryanair reduced its…
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U.S. Stocks Recover From Early Sell-Off To Close Sharply Higher
Stocks moved sharply lower early in the session on Wednesday but showed a substantial turnaround over the course of the trading day. The tech-heavy Nasdaq led the recovery, with all of the major averages ending the day in positive territory. After tumbling by as much as 1.4 percent in early trading, the Nasdaq surged 369.65…
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FBI Issues Crypto ETF Warning; Cudos Eyes ASI Alliance; Nubank Halts Nucoin After Major Crash
FBI warns of hacking risks in crypto ETFs The FBI revealed that North Korean hackers are targeting cryptocurrency ETFs, raising concerns about the security of these funds. Despite billions in investments, many ETFs lack sufficient insurance to cover potential losses. Hackers, like the Lazarus Group, have already attacked exchanges and blockchain protocols, and may view…
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Consumer Prices Annual Rate Slowed More Than Expected
While the Labor Department released a report on Wednesday showing consumer prices in the U.S. increased in line with estimates in the month of August, the annual rate of consumer price growth slowed by slightly more than expected. The Labor Department said its consumer price index rose by 0.2 percent in August, matching the uptick…