ADVFN US – Market Content Editor
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UPS Divests Coyote Logistics in $1.025 Billion Deal with RXO, Under Armour Agrees to $434 million Settlement, and More News
United Parcel Service (NYSE:UPS) – United Parcel Service will sell its Coyote Logistics unit to RXO for $1.025 billion. The transaction will be financed through equity and debt, including significant investments from MFN Partners and Orbis Investments. The sale allows UPS to focus more on its core business. Under Armour (NYSE:UAA) – Under Armour agreed…
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U.S. Stocks Close Mixed Following Lackluster Session
Following the mixed performance seen in the previous sessions, stocks showed a lack of direction over the course of the trading day on Friday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow (DOWI:DJI) inched up 15.57 points…
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Standard Chartered Launches Bitcoin and Ether Trading Desk; Marathon Digital Heats Finnish City
Standard Chartered launches Bitcoin and Ether trading desk Standard Chartered (LSE:STAN) is debuting a Bitcoin (COIN:BTCUSD) and Ether (COIN:ETHUSD) trading desk in London, marking a significant milestone as one of the first major banks to offer these services directly. This initiative caters to growing institutional demand and reflects the bank’s positive outlook on cryptocurrencies. Complementing…
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Honeywell Acquires CAES Systems for $1.9 Billion, Sarepta Therapeutics Surges 34%, Gilead Continues Gains
Honeywell (NASDAQ:HON) – Honeywell announced the acquisition of CAES Systems for $1.9 billion, focusing on expanding its aerospace and defense technology operations. Under the leadership of CEO Vimal Kapur since June 2023, Honeywell seeks growth in automation, future aviation, and energy transition, consolidating its third major deal of the year. Sarepta Therapeutics (NASDAQ:SRPT) – The…
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U.S. Futures Decline Ahead of Triple Witching, Oil Prices Edge Lower
U.S. index futures are moderately lower in pre-market trading this Friday as Wall Street prepares for triple witching, a significant quarterly event. During this period, derivative contracts tied to stocks, index options, and futures all expire simultaneously, forcing traders to roll over their positions or open new ones. This can increase market volatility, with approximately…
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Dow Closes Firmly Positive But Nasdaq, S&P 500 Give Back Ground
Following a modest move to the upside early in the session, the major U.S. stock indexes moved in starkly opposite directions during trading on Thursday. While the Nasdaq and the S&P 500 pulled back off their early highs and into negative territory, the narrower Dow saw continued strength. The Dow ended the day up 299.90…
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Worldcoin Surges on Regulatory Wins, MicroStrategy Expands BTC Holdings, and More Crypto News
Worldcoin token boosted by regulatory advances Worldcoin’s native token (COIN:WLDUSD) surged on Thursday, reaching an intraday high of $3.19 following significant regulatory victories across various jurisdictions. The proof-of-personhood project, which has faced controversy due to facial data collection, experienced a notable recovery after a more than 70% drop from its all-time high. Recent highlights include…
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First-Time U.S. Unemployment Claims Fall Slightly, New Residential Construction Drops Steeply
First-time claims for U.S. unemployment benefits saw a modest pullback in the week ended June 15th, according to a report released by the Labor Department on Thursday. The Labor Department said initial jobless claims dipped to 238,000, a decrease of 5,000 from the previous week’s revised level of 243,000. Economists had expected jobless claims to…
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Nvidia May Lead Early Upward Move On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move the upside as trading resumes following the Juneteenth holiday on Wednesday. A notable advance by shares of Nvidia (NASDAQ:NVDA) may contribute to early strength on Wall Street, as the AI darling is surging by 3.7 percent…
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U.S. Index Futures Surge; Oil Prices Increase
U.S. index futures rose in pre-market trading on Thursday following the Juneteenth holiday. As of 6:21 AM, Dow Jones futures (DOWI:DJI) were up 42 points, or 0.11%. S&P 500 futures advanced 0.41%, and Nasdaq-100 futures gained 0.63%. The 10-year Treasury yield stood at 4.254%. In the commodities market, West Texas Intermediate crude for July rose…