ADVFN US – Market Content Editor
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Crypto this Friday: Google Cloud Expands Blockchain Support, Bybit Ceases Operations in the UK, and More
Bybit suspends UK services under new FCA rules Cryptocurrency broker Bybit, located in Dubai, has decided to stop its services to UK residents. This decision comes as a proactive response to the imminent regulations set by the UK Financial Conduct Authority (FCA). Starting October 1st, new accounts will no longer be accepted, and changes to contracts and…
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U.S. Stocks May Regain Ground Following Recent Weakness
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground after moving sharply lower over the two previous sessions. Bargain hunting may contribute to initial strength on Wall Street, as traders pick up stocks at reduced levels following recent weakness. The steep drops…
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Friday’s Wall Street Highlights: News Corp, Activision Blizzard, Scholastic, AstraZeneca, Alibaba, and more
US index futures are appreciating in this Friday’s pre-market, awaiting the release of activity data in the country. However, the market is poised to conclude the week with notable declines, reacting to signals from central banks that interest rates will persistently stay elevated to curb inflation. At 7:00 am, Dow Jones futures (DOWI:DJI) increased by…
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North American Morning Briefing: Stock Futures Edge Higher as PMI Data Awaited
Market Wraps Watch For: Flash Manufacturing PMI for September; Flash Services PMI for September Today’s Top Headlines/Must Reads: – When Rates Drop, They Usually Plunge. The Fed Thinks Different. – Yields Are Near Their Peak. Don’t Wait to Buy Bonds. – Auto Industry Finance Chiefs Watch for Ripple Effects From UAW Strike Opening Call: Stock…
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Keep An Eye Out: Pre-Market Movers And Recommendations
The Bank of Japan maintained its extremely accommodative monetary policy stance, hitting the yen, while U.S. stocks are set for hefty weekly drops in the wake of the Federal Reserve’s hawkish tilt. Microsoft (NASDAQ:MSFT) could soon receive U.K. approval for its Activision purchase, while an expansion of the UAW draws nearer. Don’t Trade Without Seeing…
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The Microsoft-Activision Deal Is Close To Overcoming Its Last Regulatory Hurdle
Microsoft (NASDAQ:MSFT) has received a significant boost in its attempt to overcome the final global regulatory hurdle for the $69 billion deal with Activision Blizzard (NASDAQ:ATVI). The UK antitrust authority stated that the tech giant’s revised deal proposal appeared to address its concerns, potentially putting an end to a wait of over a year and…
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US Futures Up, European Stocks Fall as Investors Brace for Higher Rates for Longer
In the U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average rose 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Adevinta climbed 19.5% and Schibsted added 12.2%. On the other hand,…
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Top Company News of the Day: Microsoft, Amazon, UAW, TikTok
Microsoft’s Revised Activision Deal Lessons Competition Concerns The U.K. antitrust authority said the new deal submitted by Microsoft addresses competition concerns in cloud gaming, and it opened a consultation on residual concerns it has before making a final decision on the acquisition. Amazon’s New Challenge: Bargain Retailers Who Are Playing a Different Game The e-commerce…
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Interest Rate Concerns Contribute To Extended Sell-Off On Wall Street
Extending the sell-off seen late in the previous session, stocks moved sharply lower over the course of the trading day on Thursday. The major averages all posted steep losses on the day, with the tech-heavy Nasdaq plunging to its lowest closing level in over three months. The major averages saw further downside going into the…
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Crypto This Thursday: Mt. Gox Delay Shakes Crypto Market, Venmo Implements PYUSD, and More
Delay in Mt. Gox settlement impacts crypto market Bitcoin (COIN:BTCUSD), Ethereum (COIN:ETHUSD), and other altcoins such as BNB (COIN:BNBUSD), XRP (COIN:XRPUSD) faced declines, following the decision of bankrupt cryptocurrency exchange Mt. Gox to extend the deadline for their payments until October 31, 2024. Some investors anticipated that this movement could reverberate through the market, with…