ADVFN US – Market Content Editor
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Buterin Proposes New Ethereum Fee Model, Unofficial Gamestop Memecoin Soars, and More Crypto News
Unofficial Gamestop memecoin reaches $100 million market cap The memecoin Gamestop.Finance, an unofficial parody on Solana based on GameStop (NYSE:GME), briefly hit a $100 million market cap due to a trading frenzy, reaching a peak of $0.01449. At the time of writing, GME has increased by 2,109% in a week and is trading at $0.01234,…
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Producer Prices Up More Than Expected, Led By Services Prices
Producer prices in the U.S. increased by more than expected in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said its producer price index for final demand climbed by 0.5 percent in April after a revised 0.1 percent dip in March. Economists had expected producer…
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Producer Price Inflation Data May Weigh On Wall Street
The major U.S. index futures are currently pointing to modestly lower open on Tuesday, with stocks likely to move to the downside after ending yesterday’s lackluster session narrowly mixed. The futures edged lower following the release of a Labor Department report showing producer prices in the U.S. increased by more than expected in the month…
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Meme Stock GameStop Rallies After Roaring Kitty Post
Shares in video game retailer GameStop jumped more than 70% in Monday morning’s trade as investors jumped into the stock. The surprise boom followed the online reappearance of Keith Gill, known as Roaring Kitty, who spearheaded the explosion in the struggling firms share price in January 2021, going against the bets of professional Wall Street…
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Analyst Ratings and Target Price Adjustments: Roblox, Walmart, Nike, Starbucks…
Roblox Corporation saw a notable adjustment by ROTH MKM, which downgraded the company’s stock from “buy” to “neutral,” significantly reducing the price target from USD 55 to USD 35. This revision suggests a tempered outlook on the company’s near-term growth prospects. Expedia Group, Inc. maintains a “hold” rating from Melius Research LLC, though the firm…
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Walmart Corporate Job Cuts and Office Centralization, GameStop and AMC Surge, and More News
Walmart (NYSE:WMT) – Walmart is reducing corporate jobs and urging remote workers to move to offices, according to the Wall Street Journal. Smaller offices in Dallas, Atlanta, and Toronto are being redirected to hubs like the headquarters in Bentonville or Hoboken. The company allows part-time remote work but prioritizes office presence. Walmart is about to…
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US Futures Remain Steady Amid Wall Street Caution Ahead of April PPI Report
U.S. index futures are almost unchanged in pre-market trading this Tuesday, reflecting Wall Street’s caution ahead of key inflation reports. At 6:37 AM, the Dow Jones (DOWI:DJI) futures rose 4 points, or +0.01%. S&P 500 futures advanced 0.01%, and Nasdaq-100 futures dropped 0.01%. The yield on 10-year Treasury notes was at 4.477%. In the commodities…
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Biden Administration Imposes Hefty Tariffs on Chinese Imports to Protect U.S. Industries
In a significant move on Tuesday, the White House announced that President Joe Biden has decided to impose increased tariffs on a range of Chinese goods, escalating tensions between Washington and Beijing. The new policy targets key sectors including electric vehicles, semiconductors, and various minerals, marking a major step in the U.S. government’s efforts to…
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Dow Snaps Eight-Day Winning Streak After Lackluster Session
Following the strong upward move seen last week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages moved to the upside early in the session but spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Nasdaq rose…
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Inactive BTC Wallets Transact $62.8 Million, Degen Chain Faces Shutdown, and More Crypto News
Bitcoin wallets inactive for a decade move $62.8 million Two Bitcoin wallets (COIN:BTCUSD), inactive for over ten years, activated on Sunday (12) to transfer a total of 1,000 BTC, which corresponds to over $62.8 million at current prices. The addresses, which received 500 BTC each on September 12, 2013, when the value of Bitcoin was…