ADVFN US – Market Content Editor
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Crypto This Friday: SBF Convicted of Fraud, Block and Coinbase Exceed 3Q Estimates, and More
Sam Bankman-Fried convicted of fraud Sam Bankman-Fried, founder of FTX, was quickly convicted of massive frauds, with the jury deliberating in less than a day. Tried in Manhattan and presided over by Judge Kaplan, he faces up to 20 years per charge. This legal milestone highlights the seriousness of his illicit actions and their broad…
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Upcoming Week’s Global Economic and Financial Highlights – Nov 5th
In the upcoming week, the United States will see a flurry of activities, including speeches by several Federal Reserve officials, the release of the Michigan Consumer Sentiment index, and foreign trade data. Moreover, the earnings season will continue with reports from prominent companies such as Berkshire Hathaway, Gilead Sciences, Uber, and Walt Disney. Across the…
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US Equities Get a Boost from Weak Jobs and Hourly Earnings Data as Interest-Rate Hike Risks Diminish
US equity indexes surged as slower-than-expected growth in monthly nonfarm payrolls and average hourly earnings led to a significant drop in the dollar and government bond yields. This shift reflected a growing perception that the Federal Reserve is nearing the end of its monetary tightening cycle. The Nasdaq experienced a 1.4% jump, reaching 13,479.2 points,…
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Apple’s Stock Takes a Hit Following Bleak Holiday Quarter Warning
On Friday, Apple’s stock (NASDAQ:AAPL) experienced a 3% decline following disappointing news for Wall Street. The company provided a forecast that suggested subdued growth during the quarter traditionally marked by robust holiday season sales. This drop resulted in a potential market value loss of over $80 billion, considering its premarket share price of $172. Apple’s…
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Futures Advance As Job Growth Falls Short Of Estimates
US Market 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 past several sessions. The futures advanced following the release of a Labor Department report showing U.S. employment rose by less than expected in the month of October.…
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Friday’s Wall Street Highlights: Apple, Bill Holdings, Paramount, Block, and more
U.S. index futures are falling this Friday, reacting to the latest quarterly reports from corporate giants, notably Apple (NASDAQ:AAPL). Concurrently, investors are digesting a slew of economic indicators from Europe, adding layers of complexity to the global financial landscape. This cautious anticipation comes ahead of the release of the much-awaited U.S. jobs report. As of…
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North American Morning Briefing: S&P 500 Futures Pause After Soft Apple Guidance
Market Wraps Watch For: Employment Report for October; ISM Report on Business Services PMI for October; Canada Labour Force Survey for October; Enbridge earnings Opening Call: Stock futures were lackinhg momentum on Friday ahead of key payrolls data and after soft guidance from Apple. Stocks have been rejoicing as the long-end of the Treasury curve…
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US Futures Flat, European Stocks Rise
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 don’t necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.3% in morning trading. Scatec added 6.7% and Andritz rose 6%. On the other hand, A.P. Moeller-Maersk B…
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Top Company News of the Day: Google, Lenlease, Coinbase, Macquarie, Starbucks
The AI Deals Enriching Silicon Valley’s Tech Giants Microsoft, Amazon and Google are getting billions in revenue from providing expensive cloud services to the startups they are backing. Google, Lendlease Scrap $15 Billion Real-Estate Development in Silicon Valley Australian real-estate company Lendlease said it had mutually agreed with Google to end a development agreement for…
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U.S. Stocks Rally As Latest Data Adds To Interest Rate Optimism
Extending the strong upward move seen over the past several sessions, stocks moved sharply higher during trading on Thursday. The major averages all showed significant moves to the upside, climbing further off last week’s multi-month lows. The major averages saw continued strength going into the close, ending the session near their best levels of the…