ADVFN US – Market Content Editor
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US Futures, European Stocks Slip
U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average decreased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.4% in morning trading. Worldline rose 6.3% and Svenska Handelsbnkn Ser A climbed 5.3%. On the other…
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Top Company News of the Day: Nvidia, Foxconn, Whitehaven, BHP, Mitsubishi
Nvidia, Foxconn to Develop New Class of Data Centers Focused on AI Chip maker Nvidia is expanding its partnership with Taiwan’s Foxconn, and aims to develop a new class of data centers that can power artificial-intelligence services. Australia’s Whitehaven to Buy Two BHP, Mitsubishi Coal Mines Mining giant BHP Group and Japan’s Mitsubishi have agreed…
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U.S. Stocks Close Mixed After Cautious Session
After a weak start and a subsequent recovery that resulted in a brief spell in positive territory, U.S. stocks retreated and eventually ended on a mixed note on Tuesday. Investors digested the data on U.S. retail sales and industrial production, and continued to track the developments on the geopolitical front. Data showing a bigger than…
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Crypto This Tuesday: Bitcoin Above $28K, Roblox Accepts XRP With BitPay, and More
BlackRock CEO attributes Bitcoin surge to growing interest Bitcoin (COIN:BTCUSD) surpassed $28,000, a critical milestone for the cryptocurrency. The digital currency briefly reached $30,000 recently. Furthermore, $28,000 has been a significant level, with bulls and bears vying for control. Analysts believe that BTC’s ability to remain above this value is essential for the crypto market. Liquidity around $28,000 remains,…
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Home Builder Confidence Falls to Lowest Since January
In October, homebuilder confidence hit its lowest levels since January, as indicated by a report released on Tuesday. This decline signals that soaring mortgage rates are putting pressure on the optimism of construction firms and affecting potential buyer traffic. The confidence index has now fallen for the third consecutive month, dropping from a revised September…
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U.S. Industrial Output Up 0.3% in September as Auto Strike has Limited Impact
In September, United States industrial production exhibited a 0.3% increase when compared to the previous month, following a period of stability in August (revised data). This information comes from the Federal Reserve, the central bank of North America. In comparison to September 2022, the overall production saw a modest uptick of 0.1%. During September, the…
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September US Retail Sales Rise Faster Than Expected
In September, retail sales in the United States experienced a robust increase of 0.7%, surpassing expectations. This growth was significantly higher than the 0.3% rise anticipated in a Bloomberg survey conducted as of 7:35 am ET. It also followed a revised 0.8% increase from the previous month. When excluding the 1% increase in motor vehicle…
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Vista Outdoor Announces $1.91 Billion Sale of Sporting Products Unit and Slashes Sales Forecast; Stocks plummet 20%
Ammunition manufacturer Vista Outdoor (NYSE:VSTO) announced on Monday its intention to sell its sporting products business in a $1.91 billion transaction and revised its full-year sales projection, causing its premarket shares to plummet by 18%. The sale of the sporting products business, encompassing its firearms and ammunition operations, will be an all-cash deal with Czechoslovak…
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Dollar Exhibits Mixed Performance Against Major Currencies; Pound Weakens, Yen Experiences Brief Surge
The U.S. dollar remained within a narrow trading range on Tuesday as traders monitored developments in the Middle East and prepared for speeches by central bank officials later in the week. In contrast, the pound saw a decline in value following data indicating a weakening labor market. The yen experienced a brief surge but quickly…
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Bank of America Reports Profit Surge Driven by Increased Interest Income and Unexpected Investment Banking Gains
Bank of America (NYSE:BAC) reported a third-quarter profit increase, benefitting from higher interest payments by customers, while its investment banking and trading divisions performed better than anticipated. The second-largest U.S. bank disclosed a net income of $7.27 billion, equivalent to 91 cents per share, for the three months ending on Sept. 30. This marked an…