ADVFN US – Market Content Editor
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Tesla Falls 7% on Profit Miss, Deutsche Bank Down 8% on Loss, Alphabet Drops 3% – Earnings Recap
Tesla (NASDAQ:TSLA) – Tesla reported adjusted earnings per share of 52 cents, below the expected 62 cents. Revenue was $25.50 billion, surpassing the forecast of $24.77 billion. Automotive sales fell 7%, totaling $19.9 billion. Tesla projects lower growth for 2024 and a focus on cost reduction. Shares fell 7.3% pre-market. Alphabet (NASDAQ:GOOGL) – Alphabet exceeded…
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Major Averages Finish Choppy Trading Session Modestly Lower
Stocks showed a lack of direction over the course of the trading session on Tuesday, with the major averages bouncing back and forth across the unchanged line following the strong upward move seen in the previous session. The major averages eventually ended the day modestly lower. The Dow slipped 57.35 points or 0.1 percent to…
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Ethereum ETFs Debut in High Demand, SingularityNET Invests in Supercomputer, dYdX Faces Security Issues
Ethereum spot ETFs debut with high demand and impressive volume Launched on July 23, the new Ethereum Spot ETFs attracted significant interest, with an impressive volume of $120 million in just 15 minutes and $361 million in the first 90 minutes. The Grayscale Ethereum Trust ETF (AMEX:ETHE) led with $147.8 million, followed by BlackRock’s ETF…
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Futures Pointing To Modestly Lower Open On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move back to the downside following the substantial rebound seen in the previous session. Traders may look to cash in on yesterday’s tech-led rally amid lingering uncertainty about the outlook for the markets. Later in the…
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U.S. Index Futures Dip Slightly as Investors Await Major Earnings Reports, Oil Prices Edge Up
U.S. index futures slightly retreated in pre-market trading on Tuesday as investors prepare for the release of earnings reports from major companies. At 6:17 AM, Dow Jones futures (DOWI:DJI) fell 4 points, or 0.01%. S&P 500 futures lost 0.15%, and Nasdaq-100 futures dropped 0.29%. The 10-year Treasury yield stood at 4.232%. In the commodities market,…
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SAP Shares Surge 6%, NXP Declines 8% on Lower-than-Expected Profits, and More Earnings Highlights
SAP (NYSE:SAP) – The enterprise software developer for management and business processes reported second-quarter revenue of €8.29 billion, above analysts’ estimates of €8.24 billion from LSEG. Adjusted earnings per share were €1.10, slightly above the €1.09 forecast. For the year, SAP reiterated its forecast for adjusted operating profit between €7.6 billion and €7.9 billion. Shares…
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Johnson Controls Division Sold for $8 Billion; Alphabet’s Offer Rejected by Wiz; AMD President Announces Retirement
Johnson Controls (NYSE:JCI), Robert Bosch GmbH (TG:R1WE) – Robert Bosch GmbH plans to buy Johnson Controls’ heating and ventilation division for $8 billion, expanding its operations beyond the automotive sector. The deal includes the complete acquisition of a joint venture with Hitachi, strengthening Bosch’s presence in global heating, ventilation, and air conditioning markets. The transaction…
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Nvidia Helps Lead Tech Rebound On Wall Street
Stocks moved sharply higher over the course of the trading session on Monday, with technology stocks seeing a significant rebound following last week’s sell-off. The tech-heavy Nasdaq posted a standout gain, although all three major averages moved to the upside on the day. The major averages moved roughly sideways going into the close, hovering near…
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A Decade of the Ethereum ICO, Bitdeer Eyes Acquisition Opportunities, PUSH Price Plummets
Ethereum celebrates 10th anniversary of its initial coin offering The global blockchain industry is celebrating the tenth anniversary of Ethereum’s initial coin offering (ICO). This occasion marks a decade since Ethereum (COIN:ETHUSD) raised over $18 million in Ether, paid in Bitcoin, following co-founder Vitalik Buterin introducing the project in 2014. The celebration of this milestone…
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Biden’s Withdrawal From Presidential Race Seemingly Welcomed By Wall Street
The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move to the upside following the mixed performance seen last week. The upward momentum on Wall Street comes after President Joe Biden announced his decision to drop out of the presidential race and endorsed his Vice President…