ADVFN US – Market Content Editor
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Workday Shares Drop 12%, VF Corp Divests Assets for Cash Boost, and More
VF Corp (NYSE:VFC) – VF Corp, the owner of Vans and North Face brands, sold two jets and listed a hangar for sale as part of its cost-cutting and cash-generating strategies. These actions are part of the company’s plan to address continuous revenue declines and prepare for future debt maturities. Morgan Stanley (NYSE:MS) – James…
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U.S. Stocks Move Mostly Lower As Early Buying Interest Evaporates
Stocks moved mostly higher at the start of trading on Thursday but failed to sustain the initial upward move and came under pressure over the course of the session. The major averages pulled back well off their highs of the session and into negative territory. After reaching record intraday highs, the Nasdaq fell 65.51 points…
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U.S. House Approves FIT21 Law, Hong Kong Considers Staking in Ether ETFs, and More Crypto News
U.S. House approves FIT21, boosting regulatory framework for cryptography The U.S. House of Representatives has passed the Financial Innovation and Technology Act for the 21st Century (FIT21), marking a significant advance in the regulation of digital assets. With a vote of 279 to 136, the bill received strong bipartisan support and promises to establish clear…
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First-Time U.S. Unemployment Claims Fell More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended May 18th. The Labor Department said initial jobless claims slid to 215,000, a decrease of 8,000 from the previous week’s revised level of 223,000. Economists had expected jobless claims to…
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Upbeat Nvidia Earnings Likely To Spark Early Rally On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to lead an early rally following upbeat quarterly results from Nvidia (NASDAQ:NVDA). Shares of Nvidia (NASDAQ:NVDA) are soaring by 7.0 percent in pre-market trading after the AI darling reported better than expected fiscal first quarter results and…
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Nvidia Stocks Surge Up to 7% Pre-Market; VF Corp Drops 15%, and More in Earnings
Nvidia (NASDAQ:NVDA) – The adjusted earnings per share were $6.12, exceeding the expected $5.59. Revenue reached $26.04 billion, a 262% year-over-year increase, surpassing the anticipated $24.65 billion. For the next quarter, the company forecasts $28 billion in sales. In the quarter ended April 28, data center revenue was $22.6 billion, a 427% year-over-year increase. Nvidia…
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OpenAI and News Corp Seal Partnership, DuPont de Nemours Announces Division, and More News
News Corp (NASDAQ:NWS) – News Corp and OpenAI have established a historic partnership allowing OpenAI to use journalistic content from News Corp, including major titles like The Wall Street Journal and The Sun, to enhance OpenAI’s answers and products. News Corp’s shares rose up to 2% in pre-market trading. DuPont de Nemours (NYSE:DD) – DuPont…
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U.S. Futures Rise, Oil Prices Climb
U.S. index futures rose in pre-market trading on Thursday, with tech stocks boosted by strong earnings and a positive forecast from Nvidia. At 6:42 AM, Dow Jones (DOWI:DJI) futures were up 36 points, or 0.09%. S&P 500 futures advanced 0.53%, and Nasdaq-100 futures gained 0.91%. The yield on the 10-year Treasury note was at 4.441%.…
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U.S. Stocks Climb Off Worst Levels But Remain In The Red After Fed Minutes
Stocks showed a lack of direction throughout much of the trading session on Wednesday before coming under pressure following the release of the minutes of the Federal Reserve’s latest monetary policy meeting. The major averages climbed off their worst levels going into the close but ended the day in the red after ending Tuesday’s choppy…
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White House and SEC Diverge on FIT21, IBIT Sees Significant Inflows, and More Crypto News
BlackRock Bitcoin ETF records $290 million inflows on Tuesday On May 21, spot Bitcoin ETFs accumulated nearly $300 million in net inflows. BlackRock’s popular Bitcoin ETF (NASDAQ:IBIT) saw a significant increase in activity, with inflows of over $290 million on Tuesday, the highest daily amount since April 5. IBIT’s total holdings now exceed $19 billion,…