ADVFN US – Market Content Editor
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Fisker’s Shares Take a Hit Amid Speculation of Bankruptcy, Altria Divests from AB InBev to Fund Stock Repurchase Initiative
Fisker (NYSE:FSR) – Shares of the electric vehicle startup fell 39.71% in pre-market trading, following a Wall Street Journal report that Fisker hired restructuring consultants as part of preparations for a possible bankruptcy filing. At the end of February, Fisker admitted to having doubts about its ability to continue operating, as it faced difficulties in…
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Nasdaq, S&P 500 Give Back Ground But Dow Closes Higher
Following the significant rebound seen during Tuesday’s session, stocks turned in a relatively lackluster performance during trading on Wednesday. The major averages spent most of the day on opposite sides of the unchanged line before closing mixed. While the Dow (DOWI:DJI) inched up 37.83 points or 0.1 percent to 39,043.32, closing higher for the third…
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Crypto: Toncoin Surges Following Telegram’s IPO Plans, Coinbase Secures $1 Billion via Convertible Bonds, and More News
Toncoin soars after Telegram’s IPO announcement Toncoin (COIN:TONCOINUSD), the cryptocurrency of the TON Network, saw its price surge over 70% in just two days following an announcement by Pavel Durov, founder of Telegram, about plans for an Initial Public Offering (IPO) for the app. Despite the separation of the entities in 2020 due to legal…
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Oil Inventories, Bond Auction Reports Due
The Energy Information Administration is scheduled to release its report on oil inventories in the week ended March 8th at 10:30 am ET. Crude oil inventories are expected to increase by 1.3 million barrels after rising by 1.4 million barrels in the previous week. At 1 pm ET, the Treasury Department is due to announce…
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Quiet Economic Day 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 substantial rebound seen in the previous session. A lack of major U.S. economic data may keep some traders on the sidelines ahead of the release of several key reports…
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Mixed Futures Amidst Quiet Economic Schedule; Oil Prices Climb
U.S. index futures displayed varied behavior on Wednesday, following significant gains in the previous session that led the S&P 500 to close the day at a historic high, driven by consumer inflation data that met expectations. With a light economic schedule and the U.S. earnings season nearing its end, Dollar Tree (NASDAQ:DLTR) is scheduled to…
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Intel Loses Pentagon Funding, Shell Plans 20% Business Team Reduction, and Latest News
Intel (NASDAQ:INTC) – The Pentagon has decided not to proceed with a plan to allocate up to $2.5 billion in chip subsidies to Intel, shifting the responsibility to another federal agency, the Department of Commerce, to cover the shortfall. This change could impact the total funding Intel expects to receive, generating controversy over the use…
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Global Corporate Dividends Reach Record $1.66 Trillion, Fueled by Banking Sector
In a significant financial milestone, global corporate dividends soared to a record-breaking $1.66 trillion in 2023, with banks contributing significantly to this growth. The Janus Henderson Global Dividend Index reports that an overwhelming 86% of listed companies worldwide increased or maintained their dividend payouts, projecting an even higher record of $1.72 trillion for the current…
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Regulatory Proposal Targets Bank ‘Window Dressing,’ Impacting U.S. Funding
Global regulators’ new proposal to adjust the calculation of key risk metrics for major banks could impact their short-term funding operations in the U.S., marking another step in the ongoing push for stricter capital regulations. This initiative targets the end-of-year practice known as “window dressing,” where banks manage their business to minimize the capital surcharge…
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U.S. Stock Rally Faces Scrutiny: Bull Run or Bubble Ahead?”
The relentless ascent of the U.S. stock market, notably exemplified by the benchmark S&P 500 index’s over 25% surge in the past five months, is sparking debates among market participants over its sustainability. This remarkable rally, marked by the index hitting 16 record highs just this year—a feat not seen in any first quarter since…