ADVFN US – Market Content Editor
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Lucid Drops 15% on New Share Offering; Phunware Continues to Rise in Pre-Market; Meta and Deere Cut Jobs
Lucid Group (NASDAQ:LCID) – Lucid Group announced it expects a larger loss in Q3 and launched a public offering of 262 million shares. The Saudi Public Investment Fund, Lucid’s largest shareholder, will buy 374.7 million shares, maintaining around 59% ownership of the company. Lucid shares fell 14.6% pre-market after closing up 0.3% on Wednesday. Phunware…
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Earnings: TSMC Rises 8% With a 54% Profit Increase; Nokia Drops 6% After a Sales Decline; Alcoa Climbs 5%; CSX Falls 4%
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) – TSMC reported net income of T$ 325.3 billion ($10.11 billion) in the third quarter, up 54%, exceeding the T$ 300.2 billion estimate. Revenue reached US$23.5 billion, up 36%, surpassing the forecast of $22.4 billion to $23.2 billion. Capital expenditure was $6.4 billion, compared to US$ 6.36 billion in Q2.…
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US Index Futures Rise; Oil Edges Higher
U.S. index futures rose in premarket trading on Thursday, after the Dow Jones Industrial Average set its second record of the week. Investors are closely watching upcoming corporate earnings and today’s economic data. At 5:25 AM, Dow Jones futures (DOWI:DJI) were up 16 points, or 0.04%. S&P 500 futures gained 0.37%, and Nasdaq-100 futures advanced…
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U.S. Stocks Move Mostly Higher After Early Volatility
Stocks showed a lack of direction early in the session on Wednesday but moved mostly higher over the course of the trading day. With the upward move, the Dow more than offset the loss posted during Tuesday’s session, reaching a new record closing high. The major averages bounced back and forth across the unchanged line…
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Bitcoin ETFs Attract $371 Million; Ethereum Validators Grow 30%; WLFI Token Fails to Raise Funding Target
Bitcoin market consolidates gains with massive liquidations and dominance increase In the last 24 hours, $280.71 million in cryptocurrency positions were liquidated, impacting 79,153 traders. Bitcoin (COIN:BTCUSD) reached an intraday high of $68,399 and is currently trading at $67,990. The liquidations included $151.47 million in long positions and $129.24 million in short positions, with the…
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U.S. Import Prices Fell During September
Reflecting a sharp drop by prices for fuel imports, the Labor Department released a report on Wednesday showing a continued decrease by prices for U.S. imports in the month of September. The Labor Department said import prices fell by 0.4 percent in September after slipping by a revised 0.2 percent in August. The decline matched…
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U.S. Stocks May Lack Direction Following Yesterday’s Downturn
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the notable pullback seen over the course of the previous session. Uncertainty about the near-term outlook for the markets may keep some traders on the sidelines on the heels of…
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U.S. Stocks Move Notably Lower Following Recent Strength
After moving to the upside early in the session, stocks came under considerable selling pressure over the course of the trading day on Tuesday. The major averages all moved notably lower following the strong gains posted during Monday’s session. The major averages fell to new lows late in the trading day before regaining some ground…
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Bitcoin ETFs Raise $555M; Canary Capital Launches Litecoin ETF; PancakeSwapX Cuts DeFi Gas Fees
Bitcoin ETFs in the US register largest inflow in four months On October 14, US Bitcoin ETFs received $555.9 million, the largest daily inflow since June. The Fidelity Wise Bitcoin Origin Fund (AMEX:FBTC) led with $239.3 million, followed by Bitwise (AMEX:BITB) with just over $100 million, and BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) with $79.6 million.…
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Regional Manufacturing Activity Contracted
Following a significant turnaround in the previous month, the Federal Reserve Bank of New York released a report on Tuesday showing regional manufacturing activity has returned to contraction in the month of October. The New York Fed said its general business conditions index tumbled to a negative 11.9 in October from a positive 11.5 in…