ADVFN US – Market Content Editor
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Robinhood Enters the Election Prediction Market; Bitcoin Tests Resistance; BTC ETFs Attract $997.7M in One Week
Bitcoin resumes rally and tests resistance Bitcoin (COIN:BTCUSD) rose 1.8% in the last 24 hours, recovering losses after dipping to $65,700 on Friday due to a DOJ investigation report on Tether. Tether denied the allegations, and Bitcoin is now trading above the $69,000 mark at $68,054, fueled by a rally that began on Sunday. Meanwhile,…
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Steep Drop By Oil Prices May Lead To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to initial strength on Wall Street on Monday, with stocks likely to move mostly higher after turning in a mixed performance last week. Early buying interest may be generated amid a steep drop by the price of oil, as crude oil for December delivery is plummeting $4.36…
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US Futures Rise; Oil Prices Drop Over 5% as Middle East Tensions Ease
US index futures rose in Monday’s pre-market as investors awaited major tech earnings, boosting Nasdaq prospects. Optimism was furthered by easing geopolitical tensions following Israel’s strikes on Iran, which avoided critical targets. Traders also look to key economic data this week, including GDP, PCE, and the September jobs report. At 5:21 AM, Dow Jones futures…
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Philips Sales Forecast Cut Sparks Stock Plunge; BP Resumes Libya Exploration; Alibaba Settles for $433 Million
Philips (NYSE:PHG) – In the third quarter, Philips recorded €4.4 billion in sales, a 2% annual decline, though net income doubled to €181 million, and diluted earnings per share rose from €0.09 to €0.19. Adjusted EBITA increased to €516 million, up from €456 million the previous year, reflecting higher margins and a focus on productivity.…
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Major Averages Turn In Another Mixed Performance
After ending Thursday’s session on opposite sides of the unchanged line, the major U.S. stock indexes turned in another mixed performance during trading on Friday. While the tech-heavy Nasdaq added to yesterday’s strong gain, the Dow extended its losing streak to five sessions. The Nasdaq reached a new record intraday high in early trading but…
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Lazard to Create Tokenized Funds; Hack Exposes Vulnerability in Base Blockchain, and More
Lazard bets on asset tokenization with Bitfinex and SkyBridge Lazard (NYSE:LAZ), a 175-year-old asset manager, has signed an agreement with Bitfinex Securities and SkyBridge Invest to create tokenized funds regulated by the Astana Financial Services Authority in Kazakhstan. Bitfinex will manage tokenization, while SkyBridge will oversee fund management and brokerage. These products will provide retail…
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New Orders for U.S. Manufactured Durable Goods Fell More Than Expected
Reflecting a continued slump by orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of September. The Commerce Department said durable goods slid by 0.8 percent in September, matching a revised decrease in August. Economists had…
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U.S. Stocks May Move To The Upside In Early Trading
The major U.S. index futures are currently pointing to initial strength on Wall Street on Friday, with stocks likely to move mostly higher following the mixed performance seen in the previous session. Ongoing optimism about the outlook for the economy may contribute to strength on Wall Street despite recent concerns about the Federal Reserve lowering…
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US Futures Rise; Oil Prices Edge Higher
US index futures rose in pre-market trading Friday, with optimism around corporate earnings and lower Treasury yields. At 5:18 AM ET, Dow Jones futures (DOWI:DJI) were up 85 points, or 0.20%. S&P 500 futures gained 0.25%, and Nasdaq-100 futures advanced 0.29%. The 10-year Treasury yield stood at 4.20%. In commodities, West Texas Intermediate crude for…
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Capri Shares Crash 45% After Merger Block; Coursera Falls 18% on Lower Revenue Forecast
Tapestry (NYSE:TPR), Capri (NYSE:CPRI) – A U.S. judge blocked the $8.5 billion merger between Tapestry and Capri, favoring the Federal Trade Commission (FTC) and marking a win for the Biden administration before the elections. The FTC argued the merger would reduce competition among top U.S. handbag makers, raising prices. Tapestry’s shares rose 12.4% pre-market, while…