ADVFN US – Market Content Editor
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Crypto This Thursday: Binance Introduces Web3 Wallet, HSBC Set for Digital Custody Service, and More
Binance launches web3 wallet Binance is innovating with a web3 wallet, simplifying access to decentralized services for its users directly from its app. Security is reinforced with advanced technologies, eliminating common security phrases. This step reaffirms Binance’s commitment to making web3 usage easier while maintaining security and simplicity for users, whether they are newcomers or…
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Without Commenting on Monetary Policy, Powell asks Fed Economists To Be Flexible in Forecasting Methods
Fed Chairman Jerome Powell said the central bank must be willing to think beyond the complex mathematical simulations used for economic forecasts. “Intellectual rigor must be combined with flexibility and agility,” he said at a conference marking the 100th anniversary of the Division of Research and Statistics. “Our economy is flexible and dynamic and sometimes…
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Futures Pointing To Roughly Flat Open Ahead Of Powell Remarks
US Market The major U.S. index futures are currently pointing to a modestly lower open for the markets on Tuesday, with stocks likely to give back ground after trending higher over the past several sessions. Traders may look to cash in on the recent strength in the markets, which partly reflected optimism that the Federal…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
December S&P 500 futures are trending up this morning as investors looked ahead to comments from Fed Chair Jerome Powell for further clues on the U.S. central bank’s monetary policy path while also awaiting an earnings report from Disney. U.S. rate futures have priced in a 9.8% probability of a 25 basis point rate increase…
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Wednesday’s Wall Street Highlights: Spirit AeroSystems, Upstart, Toast, Upwork, Take-Two, Sleep Number, and more
U.S. index futures signal a muted opening in Wednesday’s pre-market as investors assess the impact of the recently released inflation rate in Germany and review corporate earnings results. The market is on hold, awaiting remarks from Jerome Powell, the Federal Reserve Chairman, which could provide new clues on the direction of monetary policy. As of…
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North American Morning Briefing: Stock Futures Tread Water With More Fed Speakers Eyed
Market Wraps Watch For: Wholesale Inventories for September; Canada Building Permits for September; Fed speak from Jerome Powell, John Williams, Michael Barr, Phillip Jefferson; Earnings from Disney, Warner Bros, Lyft Today’s Top Headlines/Must Reads: – China Is Becoming a Problem for Investors – We’re Producing Too Much Coal, Oil and Gas, Report Says – Same…
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US Futures Flat, European Stocks Slip
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. Auto1 Group climbed 10.8% and Marks & Spencer Group rose 8.8%. On the…
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Top Company News of the Day: Bayer, Gilead Sciences, Rivian, EBay
Bayer Mulls Possible Split of Crops or Consumer Health Bayer CEO Bill Anderson said he is looking at various structural options for the company but ruled out splitting the group into three businesses. Gilead Sciences Results Beat Estimates Company reported net income of $2.18 billion, or $1.73 a share, compared to $1.79 billion, or $1.42…
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Dow, S&P 500 Reach Best Closing Levels In Well Over A Month
Stocks moved mostly higher over the course of the trading day on Tuesday, extending the upward trend seen over the past several sessions. With the continued advance, the Dow and the S&P 500 reached their best closing levels in well over a month. The major averages pulled back off their best levels going into the…
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Crypto This Tuesday: ORDI Skyrockets 72% Post-Binance Listing, Ava Labs Trims Workforce, and More
Evidence of altseason and recovery in the cryptocurrency market The cryptocurrency market is beginning to rebound after turbulence, such as the FTX incident. Experts like Fernando Pereira from Bitget predict an advance, particularly in altcoins. “One of my favorite indicators for identifying an altseason (a market moment when altcoins appreciate more than BTC) is the…