ADVFN US – Market Content Editor
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U.S. Index Futures Rise as Markets Await Powell’s Speech, Oil Prices Edge Higher
U.S. index futures rose in pre-market trading on Friday as investors await Federal Reserve Chair Jerome Powell’s speech, which may signal interest rate cuts. The Dow and S&P 500 have posted slight gains this week, while the Nasdaq has declined 0.1% so far, heading for its fifth weekly drop in six. At 05:14 AM, Dow…
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Cruise and Uber Join Forces for Robotaxis, Alibaba Shifts Primary Listing to Hong Kong, Altria Hikes Dividend 4.1%
Uber Technologies (NYSE:UBER), General Motors (NYSE:GM) – Cruise, a self-driving car subsidiary of General Motors, has partnered with Uber to offer rides in its robotaxis on the platform starting next year. This collaboration comes as Cruise recovers from an accident in San Francisco, resuming testing with safety drivers. Cruise agreed to recall about 1,200 robotaxis…
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Profit Taking Contributes To Significant Pullback On Wall Street
After failing to sustain an early move to the upside, stocks came under considerable selling pressure over the course of the trading session on Thursday. The major averages pulled back well off their early highs and firmly into negative territory. The Nasdaq and the S&P 500 (SPI:SP500) finished the day just off their lows of…
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AVAX Price Rises with Grayscale Backing, OCEAN Postpones Node Launch, NEAR Debuts Nightshade 2.0 Upgrade
AVAX rises with support from Grayscale and Franklin Templeton Avalanche’s AVAX token (COIN:AVAXUSD) reached $25 before retreating to $24.16 at the time of writing, after Grayscale and Franklin Templeton announced expansions of their products into the Avalanche ecosystem. This recovery reverses some of AVAX’s recent losses, which dropped 24.2% over the past month. Grayscale launched…
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Initial Jobless Claims Show Modest Rebound
After reporting decreases by first-time claims for U.S. unemployment benefits over the two previous weeks, the Labor Department released a report on Thursday showing a modest rebound by initial jobless claims in the week ended August 17th. The report said initial jobless claims rose to 232,000, an increase of 4,000 from the previous week’s revised…
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U.S. Stocks May Add To Yesterday’s Gains In Early Trading
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to add to yesterday’s gains in early trading. The markets may continue to benefit from optimism about the outlook for interest rates following the release of the minutes of the Federal Reserve’s latest monetary policy meeting on…
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U.S. Index Futures Rise Slightly as Market Eyes Fed, Earnings; Oil Prices Dip
U.S. index futures edged higher in pre-market trading on Thursday as investors eagerly await remarks from Federal Reserve Chairman Jerome Powell, scheduled for Friday. With the upcoming release of jobless claims and earnings from Intuit and Ross, the market remains cautious, especially after significant pre-market declines in Snowflake (NYSE:SNOW) and Urban Outfitters (NASDAQ:URBN) stocks, reflecting…
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Schwab and Snowflake Retreat in Premarket, WeRide Postpones IPO, Halliburton Cyberattack, McDonald’s Instagram Hack
Toronto Dominion Bank (NYSE:TD), Charles Schwab (NYSE:SCHW) – Canada’s TD Bank Group has set aside an additional $2.6 billion to cover penalties from U.S. regulatory investigations into deficiencies in its anti-money laundering (AML) program. To offset this cost, it will sell part of its stake in Charles Schwab, reducing its ownership from 12.3% to 10.1%.…
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U.S. Stocks Move Back To The Upside As Fed Minutes Add To Rate Cut Optimism
Following the modest pullback seen in the previous session, stocks moved back to the upside during trading on Wednesday. The major averages fluctuated over the course of the trading day but managed to close in positive territory. The Nasdaq and the S&P 500 closed higher for the ninth time in the past ten sessions. The…
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Dramatic NFT Value Decline, Bitfarms Acquires Stronghold, $55M Phishing Attack Loss, and More in Crypto
The dramatic decline of NFTs The NFT market, which peaked at $526 billion in May 2022, has shrunk to $18 billion, a 97% drop. NFTs dominated the market between 2021 and 2022, with collections like CryptoPunks and Bored Apes coveted by celebrities and investors. For example, CryptoPunk #5822, sold for $23.7 million in 2022, has…