ADVFN US – Market Content Editor
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Crypto: Ether Approaches $4,000, PEPE Surges 24%, Aevo Unveils Innovative Pre-Market Token Launch, and More
Ether approaches $4,000 driven by market rally and Ethereum’s post-Merge deflationary impact With a 63% surge in 30 days, Ether (COIN:ETHUSD) stands out in the crypto market, outpacing Bitcoin’s (COIN:BTCUSD) performance and nearing the $4,000 mark at the time of writing, a milestone not seen since December 2021. Since Ethereum’s transition to the Proof of…
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Precious Metals Rally as Gold Hits Record High Amid US Payrolls Data
On Friday, the precious metals market saw significant gains, with gold soaring by 1% to set a new record high, fueled by the latest release of nonfarm payrolls data from the United States. Despite the February jobs report surpassing analysts’ expectations, the unemployment rate edged up to 3.9%. Moreover, the initially reported January job gains…
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Futures Turn Positive Following Monthly Jobs Report
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the strong upward move seen over the two previous sessions. The futures turned positive following the release of the Labor Department’s closely watched report on employment in the month of February. While job growth in February…
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Fed’s Williams: Inflation expectations down ‘quite a bit’
Federal Reserve Bank of New York President John Williams said on Friday that inflation expectations have come down “quite a bit” in the recent period. Speaking at the London School of Economics, Williams stressed that the United States economy was “remarkable” in 2023, with the gross domestic product exceeding 3%, alleviating concerns of a potential…
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Payroll: US Creates 275,000 Jobs in February, Surpassing Expectations
The US saw a notable addition of 275,000 nonfarm payroll jobs in February, as reported by the Bureau of Labor Statistics on Friday. Although this figure fell short of January’s 353,000 job gains, it exceeded expectations set by analysts. Analysts’ estimates, according to the LSEG consensus, were for the creation of 200,000 jobs in the…
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Top Company News of the Day – Friday
Unless You’re Nvidia, the AI Chip Business Is Complicated Broadcom and Marvell shares have surged on AI hype, but other chip segments weigh on results. Rivian Follows Tesla’s Lead, but Is It Too Late? While the EV startup can serve more customers with a $45,000 sport-utility vehicle, the market is getting crowded. BP Claws Back…
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Latest Analyst Ratings and Price Target Adjustments for Traders
In recent financial market movements, several notable companies have seen changes in analyst ratings and price target adjustments, providing traders with fresh insights for their investment strategies. Here’s a roundup of some significant updates: Coinbase Global, Inc.: Goldman Sachs has upgraded Coinbase to ‘neutral’ from ‘sell’, with a substantial increase in the price target from…
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U.S. Index Futures Fluctuate Ahead of Key Jobs Report; Oil Prices Dip
In the pre-market trading on Friday, U.S. index futures showed an uncertain trend, following the day when the S&P 500 marked its 16th annual record. Investors are on hold for the February jobs report, eager for new data that could reveal the current state of the American labor market. At 05:47 AM, the Dow Jones…
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Samsara Stock Surges 15% After Earnings Beat, MongoDB Faces 8% Decline Amid Gloomy Forecast
Samsara (NYSE:IOT) – The Internet of Things company saw a 14.87% increase in pre-market trading after reporting fourth-quarter revenue of $276 million, surpassing LSEG analyst expectations of $258 million. This represented a 48% increase, well above the company’s guidance range. The adjusted profit was four cents per share, while the consensus estimate was for an…
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CNOOC Oil Field Discovery in South China Sea, Grifols Surges 18% After KPMG Approval, and Latest News
CNOOC (NYSE:CEO) – The Chinese state-owned oil company CNOOC discovered a new reserve in the South China Sea, with over 100 million tons of oil equivalent, located in the Kaiping South field, Pearl River Delta. Substantial investment in offshore exploration catalyzes the increased production target for 2024, reflecting CNOOC’s commitment to expanding operations and securing…