ADVFN US – Market Content Editor
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Top Company News of the Day: Evergrande, Instacart, Arm, Paine Schwartz, Costa
China Evergrande Shares Dip After Police Detain Some Wealth-Management Unit Staff China Evergrande Group’s shares dipped after police in southern China detained some staff at its wealth-management unit, adding to the debt-laden developer’s woes. Instacart Starts Trading Tuesday. Valuation Is the Key. Confidence in the gig economy combined with the success of advertising will help…
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U.S. Stocks Pull Back Sharply Amid Worries About Interest Rates
Stocks moved sharply lower over the course of the trading day on Friday, giving back ground following the rally seen on Thursday. The major averages all showed notable moves to the downside, with the tech-heavy Nasdaq leading the pullback. The major averages all finished the day firmly in negative territory. The Nasdaq tumbled 217.72 points…
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Crypto This Friday: Celsius and Core Scientific Deal, Friend.tech’s Rise in NFTs, and More
US$45 Million settlement ends dispute between Celsius and Core Scientific Celsius and Core Scientific (USOTC:CORZ) have reached a $45 million settlement to end a legal dispute. According to court records released Thursday, Celsius will pay $14 million in cash and the balance in adjusted shares. The agreement still awaits approval from courts in Texas and New York. The…
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Friday’s Wall Street Highlights: Ford Motor, Arm, Salesforce, Adobe, Visa, MGM and more
US index futures are mixed in Friday’s pre-market trading, a day after the interest rate hike in Europe and following oil hitting a 10-month high, surpassing the $94 mark, along with improved data from China indicating recent stimulus measures have taken effect. Investors are also monitoring a workers’ union strike at 3 automakers and Arm…
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Top Company News of the Day: Apple, UAW, Microsoft, Oracle
Apple Counts on Wireless Carriers to Avoid an iPhone Slump AT&T, Verizon and T-Mobile are returning to deep discounts on phones for customers who commit to top-tier plans. UAW Strikes at Plants Owned by GM, Ford, Stellantis The walkouts are the first to hit all three automakers at the same time and affect factories in…
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Arm Soars On Debut On Nasdaq And Reaches Market Capitalization Of $60 billion
Arm Holdings (NASDAQ:ARM) shares rose to an intraday high of up to US$61.99 in their debut this Thursday on the Nasdaq, an increase of more than 21% when considering the Initial Public Offering (IPO) of $51.00, valuing the company around US$60 billion on the stock market. At around 1:20 pm, the company’s shares rose to…
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Crypto This Thursday: Deutsche Bank Partners with Taurus, Genesis Ends Activities Globally, and More
Deutsche Bank expands its operations in digital assets in partnership with Taurus Deutsche Bank (NYSE:DB) announced the integration of digital asset custody and tokenization services from Swiss company Taurus. This move expands the bank’s efforts in digital assets, considering its previous initiatives such as applying for a cryptocurrency custody license in Germany. Deutsche Bank’s Paul Maley emphasized…
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Positive Reaction To Data May Contribute To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see initial strength following the lackluster performance seen in the previous session. The futures held on to earlier gains even as the Labor Department released a report showing producer prices in the U.S. increased by…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Investors await the release of fresh economic data on Thursday, as Wall Street considers how a faster-than-anticipated measure of consumer price gains may impact future Federal Reserve policy. Elsewhere, debate swirls around the European Central Bank’s own crucial interest rate decision later today, while British semiconductor designer Arm prices its hotly-anticipated initial public offering at…
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Tesla Revolutionizes Car Manufacturing with Quiet Breakthrough; Musk Issues New Warning on AI Risks and Calls for a “Regulatory Framework”
Tesla (NASDAQ:TSLA) has combined a series of innovations to make a technological breakthrough that could transform how it manufactures electric vehicles and help Elon Musk achieve his goal of cutting production costs in half, according to five people familiar with the matter. The company pioneered the use of massive presses with 6,000 to 9,000 tons…