ADVFN US – Market Content Editor
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Crypto: Starknet Roadmap Unveiled for Efficiency and Savings, BlackRock Launches Tokenized Fund, and More
Sharp drop in Bitcoin raises caution in the market Bitcoin (COIN:BTCUSD) faced a significant 8% drop yesterday, the largest since the FTX bankruptcy, increasing caution among investors. Despite recovering above $63K after hitting a low of $60,951.91, the price has recorded a -11.77% drop over the last 7 days. This volatility altered the Crypto Fear…
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Oil Inventories Report, Fed Monetary Policy Decision Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended March 15th at 10:30 am ET. Crude oil inventories are expected to come in nearly unchanged after falling by 1.5 million barrels in the previous week. The Federal Reserve is due to announce its monetary policy decision at…
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Looming Fed Announcement May Lead To Choppy Trading On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the rebound seen over the course of the previous session. Traders may be reluctant to make significant moves ahead of the Federal Reserve’s highly anticipated monetary policy announcement this afternoon.…
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U.S. Index Futures Trade Sideways Amid Anticipation of Fed’s Policy Update; Oil Prices Dip
In Wednesday’s pre-market trading, U.S. index futures were trading sideways, reflecting investors’ caution after a positive session, with focus turning to the upcoming Federal Reserve monetary policy update. As of 6:31 AM, Dow Jones futures (DOWI:DJI) were down 31 points, or -0.08%. S&P 500 futures declined by -0.06%, and Nasdaq-100 futures gained 0.03%. The yield…
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JPMorgan boosts dividends, Chipotle unveils 50:1 stock split, and Latest News
JPMorgan Chase (NYSE:JPM) – JPMorgan surprised by increasing its dividends by 9.5%, reflecting a record profit and the potential easing of capital rules by regulators. The largest US bank has sent about $60 billion to shareholders over the past three years. Additionally, JPMorgan established a new investment banking team focused on sports, targeting a growing…
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Biden Administration’s Historic Investment in Intel to Revitalize U.S. Semiconductor Industry
The Biden administration has unveiled a monumental plan to inject nearly $20 billion in grants and loans into Intel (NASDAQ:INTC), aiming to significantly enhance the United States’ semiconductor chip production capabilities. This ambitious initiative marks the government’s most substantial commitment yet to fostering advanced chip manufacturing on American soil. President Biden is set to announce…
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Market Watch: Fed Decision, Samsung-Nvidia Tie-Up, UK Inflation Dip
Fed’s Policy Meeting Draws to a Close Investors and market observers are on high alert as the Federal Reserve wraps up its two-day policy meeting, with widespread anticipation that interest rates will remain on hold. The spotlight is on Chair Jerome Powell’s upcoming press conference and the Fed’s updated economic forecasts, especially after Powell’s earlier…
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JPMorgan raises quarterly dividend to $1.15 per share
JPMorgan Chase & Co. (NYSE:JPM) disclosed on Tuesday that its Board of Directors set up an increase of its quarterly dividend to $1.15 per, which will be paid to stockholders next April 5 when the trading operations finish. This raise signified a 9.5% jump from the prior quarterly dividend of $1.05 per share and may…
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Fed March meeting expected to hold rates
United States Federal Reserve’s Federal Open Market Committee (FOMC) is largely expected to keep its key interest rate unchanged during its monetary policy meeting on March 19 and 20. However, rate cuts are expected in 2024 and the market will be looking for clues on the timing. The current federal funds rate target range is between 5.25% and 5.50%.…
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U.S. Stocks Show Notable Turnaround Amid Rebound By Nvidia
After coming under pressure early in the session, stocks showed a significant turnaround over the course of the trading day on Tuesday. The major averages climbed well off their worst levels of the day and into positive territory. The major averages reached new highs for the session going into the close of trading. The Dow…