ADVFN US – Market Content Editor
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TSMC July Revenue Surges 45%, Nasdaq Accelerates Penny Stock Delistings, Moody’s Downgrades Intel to BAA1, and More
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) – TSMC’s revenue rose 45% in July, indicating strong demand for AI chips, with sales reaching NT$ 256.95 billion. Analysts expect 37% growth in the third quarter, but concerns about future technology and the global economy affected the company’s stock. Shares rose 2.8% in pre-market trading. Intel (NASDAQ:INTC), Moody’s (NYSE:MCO)…
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Pullback By Jobless Claims Contributes To Rally On Wall Street
Stocks moved sharply higher during trading on Thursday, with the major averages more than offsetting the downturn seen over the course of the previous session. The major averages surged early in the session and saw further upside as the day progressed. The major averages moved roughly sideways going into the close, hovering near their best…
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US Unemployment Data Fuels Crypto Surge, Court Ruling Sparks Significant XRP Rally, Toncoin Gains 15% on Binance Listing
Crypto market rises with US unemployment improvement In the last 24 hours, Bitcoin’s price (COIN:BTCUSD) surged 8.1% to $59,475 on Thursday, driven by better-than-expected US unemployment data. Initial jobless claims were 233,000, below forecasts, boosting economic optimism and easing recession fears. Ethereum (COIN:ETHUSD) rose 10.8% to $2,588, while Solana (COIN:SOLUSD) (8.6%), Binance Coin (COIN:BNBUSD) (6.7%),…
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First-Time Unemployment Benefit Claims Fell More Than Expected
First-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended August 3rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 233,000, a decrease of 17,000 from the previous week’s revised level of to 250,000. Economists had expected jobless…
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Jobless Claims Data May Lead To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside following the downturn seen over the course of the previous session. The advance by the futures came after the Labor Department released a report showing first-time claims for U.S. unemployment benefits pulled…
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U.S. Index Futures Drop, Signaling Ongoing Market Volatility; Oil Prices Stall
U.S. index futures fell in pre-market trading on Thursday, signaling persistent market volatility. Following a tumultuous Wednesday, these movements suggest that economic and geopolitical concerns will continue to keep investors cautious in the coming months. At 4:43 AM ET, Dow Jones futures (DOWI:DJI) fell 95 points or 0.24%. S&P 500 futures lost 0.20%, and Nasdaq-100…
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Bumble Plunges 36% on Weak Revenue; Warner Bros. Reports Significant Loss; Digital Turbine Surges 18%, and More in Earnings
Bumble (NASDAQ:BMBL) – The dating and networking app reported a Q2 profit of $37.7 million (22 cents per share), beating the expected 15 cents, but its revenue was $268.6 million, below the $273 million forecast. For 2024, the company projects revenue growth of 1% to 2%, below the previous expectations of 8% to 11%. Shares…
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Intel Sued by Shareholders; JPMorgan Raises Chance of Recession; Roblox Blocked in Turkey; Micron Resumes Share Buyback
Intel (NASDAQ:INTC) – Intel was sued by shareholders who allege the company concealed financial problems that led to poor results, layoffs, and dividend suspension, resulting in a $32 billion market value loss in a single day. The lawsuit, filed in San Francisco, accuses Intel of misleading information that inflated stock prices. Since the bad news,…
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U.S. Stocks Move Back To The Downside After Initially Extending Yesterday’s Rebound
After extending yesterday’s rebound early in the session, stocks gave back ground over the course of the trading day on Wednesday. The major averages pulled back well off their early highs and into negative territory. The major averages ended the day just off their lows of the session. The Nasdaq slumped 171.05 points or 1.1…
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Grayscale Unveils Bittensor and Sui Funds, Polkadot Struggles at $5, Nexera Plummets 45% on Hack
Grayscale launches new crypto funds: Bittensor and Sui Grayscale Investments has launched two new funds: Grayscale Bittensor Trust and Grayscale Sui Trust, focusing on decentralized AI and scalable blockchain, respectively. Bittensor Trust invests in the TAO token linked to the Bittensor protocol (COIN:TAOBUST), while Sui Trust is dedicated to the SUI token (COIN:SUIUSD) of the…