ADVFN US – Market Content Editor
-
Crypto: Bitcoin Cash Surges Post-Halving, PayPal Launches PYUSD International Transfers and More Updates
Bitcoin Cash jumps post-halving Bitcoin Cash (COIN:BCHUSD) experienced a surge in value following its recent halving, standing out in a generally static crypto market. BCH reached a peak price of $683.87, a level not seen since 2021, yet still 80% below its December 2017 record high. At the time of writing, Bitcoin Cash’s price was…
-
U.S. Unemployment First-Time Claims Up More Than Expected; Trade Deficit Unexpectedly Widened
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended March 30th. The report said initial jobless claims climbed to 221,000, an increase of 9,000 from the…
-
Bigger Than Expected Increase In Jobless Claims May Generate Buying Interest
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move to the upside after ending the previous session little changed. The futures climbed more firmly into positive territory following the release of a Labor Department report showing first-time claims for U.S. unemployment benefits rose by more…
-
US Index Futures Rise, Oil Dips Slightly
This Thursday, U.S. index futures show cautious optimism, reflecting market expectations in anticipation of payroll data. This upward movement comes a day after statements by Jerome Powell, chairman of the Federal Reserve (Fed), who reiterated the position that a reduction in interest rates will only be considered when there is a clear trend that inflation…
-
Exxon Mobil Forecasts Earnings Decline, Twilio Seeks Board Tenure Changes, and More News
Exxon Mobil (NYSE:XOM) – Exxon Mobil predicted a drop in first-quarter operating results due to lower oil and gas prices and significant losses on fuel derivatives. After two years of strong profitability, the quarter registered an operating profit of about $6.65 billion. Twilio (NYSE:TWLO) – Twilio, a leader in cloud communications, proposes to shorten the…
-
Daily Analyst Recommendations: Block, Chubb, Doordash, Coinbase…
Every morning, traders and investors can access a curated list of analyst recommendations covering key companies. This list, essential for understanding market movements and sentiments towards specific stocks, includes changes in opinions, price targets, or new coverage and may be updated throughout the trading session. Here are some notable updates: Archer-Daniels-Midland Company: Zacks has upgraded…
-
Federal Reserve Chair Jerome Powell Emphasizes Data-Driven Policy Decisions Amid Economic Signals
Federal Reserve Chair Jerome Powell reaffirmed his commitment to a data-driven approach to monetary policy during a speech at Stanford University on Wednesday. His remarks underscored the importance of recent economic indicators in guiding the Fed’s future actions, especially in light of the robust economy and the progress made on inflation so far. As the…
-
U.S. Manufacturing Sector Faces Job Cuts and Hiring Freezes Amid Economic Slowdown
Dan Ariens, leading his family’s fourth-generation business, Ariens Company, known for its distinctive bright orange snow blowers and lawnmowers, has been forced to make tough decisions in response to a sales downturn. The company, based in Brillion, Wisconsin, saw a 20% reduction in its workforce, dropping to 1,600 employees, with no anticipated business improvement until…
-
Major Averages Fluctuate Before Closing Narrowly Mixed
Stocks recovered from an initial move to the downside and spent most of Wednesday’s trading session in positive territory. Buying interest waned in the latter part of the session, however, with the major averages eventually ending the day narrowly mixed. While the Dow (DOWI:DJI) edged down 43.10 points or 0.1 percent to 39,127.14, closing lower…
-
EIA: US crude inventories grow by 3.2 million barrels
Commercial crude oil inventories in the United States, which are not taking into account those in the Strategic Petroleum Reserve, increased by 3.2 million barrels to 451.4 million barrels in the week ending March 29, the Energy Information Administration (EIA) revealed in its report on Wednesday. The figure marked a larger-than-expected buildup. The country’s inventories…