ADVFN US – Market Content Editor
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Cal-Maine Surges on Strong Quarterly Performance, Taiwan Earthquake Disrupts Tech Supply Chain, and More
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) – TSMC evacuated some factories and suspended operations after a 7.4 magnitude earthquake hit Taiwan, raising concerns about the global technology supply chain. Companies like Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) are affected. Taiwan is crucial for chips but vulnerable to natural disasters and geopolitical tensions. TSMC shares are down 0.9%…
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U.S. Futures Dip in Pre-Market, May WTI and June Brent Crude Prices Edge Higher
U.S. index futures are slightly down in pre-market trading this Wednesday, reflecting the continuation of a challenging start to the second quarter of 2024. At 06:27 AM, Dow Jones futures (DOWI:DJI) fell 35 points, or 0.09%. S&P 500 futures were down 0.21%, and Nasdaq-100 futures lost 0.34%. The yield on 10-year Treasury notes was at…
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U.S. Stocks Move Sharply Lower Amid Renewed Interest Rate Uncertainty
After moving sharply lower early in the session, stocks continue to see considerable weakness throughout the trading day on Tuesday. The Dow (DOWI:DJI) and the S&P 500 (SPI:SP500) added to Monday’s losses, pulling back further off the record closing highs set last Thursday. The major averages ended the session off their worst levels of the…
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BTC and ETH Suffer Sharp Decline on Tuesday; Key Crypto Market Events in April, and More News
Key events in the crypto market in April April promises to be a milestone for the cryptocurrency sector, bringing impactful events. We’ll see everything from the reduction in mining rewards for Bitcoin (COIN:BTCUSD) and Bitcoin Cash (COIN:BCHUSD), which affects coin supply and spurs speculative interest, to significant regulatory matters. The legal battle between the SEC…
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Financial and Business Roundup: Key Developments in the Global Market
In a series of significant developments across the global business landscape, several corporations have made headlines with strategic decisions, acquisitions, and new ventures. Here’s a roundup of the key events: London’s Decision on NatWest: In a strategic move, London has chosen to retain its shares in NatWest Group PLC, opting against selling them for the…
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WeWork expects to emerge from bankruptcy by the end of May, predicting $8 billion in rental savings
Embattled co-working space provider WeWork says it expects to emerge from bankruptcy by the end of May, touting lease-restructuring efforts that it estimates will bring $8 billion in future rental savings. Cutting back on real estate costs has been a top priority for WeWork since the New York-based company filed for Chapter 11 bankruptcy in November. At…
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Tesla Q1 2024 deliveries at 386,810
Tesla Inc. (NASDAQ:TSLA) revealed on Tuesday in a press release that its deliveries in the first trimester of 2024 reached 386,810 units, going lower than estimates. The number of vehicles produced in the reported quarter was 433,371 units. The electric carmaker stated that the decrease in quantities “was partially due to the early phase of…
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GM’s US deliveries in Q1 decline 1.5% to 594,233
General Motors Company (NYSE:GM) announced on Tuesday in a press release that its deliveries in the United States in the first trimester of 2024 amounted to 594,233 vehicles, falling 1.5% year over year. Meanwhile, the carmaker noted that its retail sales for the reported period saw an annual growth of 6%. The firm further added…
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Fed’s Daly sees no urgency to adjust funds rate
United States Federal Reserve Bank of San Francisco President Mary Daly underlined on Tuesday that there is “no urgency” to modify the Fed funds rate, stressing the “real risk” of implementing rate cuts prematurely. The Fed official noted that the US economy is “improving” and added that while three rate cuts could be considered “reasonable”…
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Mester rules out rate cuts at Fed’s May meeting
Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that she still expects interest rate cuts this year “if the economy evolves as expected.” However, she ruled out the possibility of any rate cuts during the upcoming policy meeting in May. “I continue to think that the most likely scenario is that inflation…