ADVFN US – Market Content Editor
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U.S. Stocks Show Substantial Move To The Upside
Stocks moved sharply higher during trading on Tuesday, extending the upward move seen over the two previous sessions. The major averages all moved to the upside, with the tech-heavy Nasdaq posting a standout gain. The major averages finished the session just off their best levels of the day. The Nasdaq surged 238.63 points or 1.7…
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GM And Alphabet Partner To Integrate Google AI Into Vehicles
General Motors (NYSE:GM) and Alphabet (NASDAQ:GOOG) announced an agreement to bring Google Cloud’s conversational artificial intelligence (AI) technology to the US automaker’s vehicles and explore future uses of the technology. According to GM, OnStar Interactive Virtual Assistant has already used Google technology since its launch in 2022. The assistant can answer basic questions and show…
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Oil Futures Extend Tuesday’s Highs As Hurricane Idalia Squeezes Supply
Crude oil futures prices gained strength near the close as Hurricane Idalia intensified as it headed towards Florida’s Gulf Coast, threatening to hit supply in a market that is already tightening. The Idalia strengthened today as it headed toward Florida after rounding Cuba. According to the local weather system, the hurricane is expected to make…
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Best Buy (BBY) Shares Surge Over 5% Following Strong Fiscal Q2 Results Beating Expectations
Best Buy (NYSE:BBY) experienced a remarkable upswing of more than 5% in recent trading on Tuesday after the company’s fiscal Q2 results outperformed analysts’ forecasts. The company’s fiscal Q2 non-GAAP earnings, which stood at $1.22 per diluted share, surpassed expectations, surpassing the figure of $1.07 projected by analysts polled by Capital IQ. This marks a…
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Gold Closes Higher, With Strong Retreat In Treasury Interest Rates And Dollar Low
The price of gold (CCOM:GOLD) closed with a high in NY and reached a three-week high on Tuesday, supported by the sharp decline in Treasury interest rates and the general low of the dollar, after weak data from the US labor market. The Jolts report showed that open job openings in the country are at…
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Intel Claims New Chip More Than Doubles Its Energy Efficiency
Intel (NASDAQ:INTC) has announced a new data center chip that can deliver more than twice the amount of computing power of existing chips. The announcement comes as the industry seeks to reduce its electricity consumption, following pressure from lawmakers and activists. Data centers, which power the Internet and online services, are huge consumers of electricity.…
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Crypto This Tuesday: Grayscale Win Boosts Crypto, Argo Blockchain Cuts Losses, and More
Court decision boosts Bitcoin and brings US closer to spot crypto ETF After a US appeals court instructed the SEC to review its denial of the Grayscale Bitcoin Trust to become an ETF, Bitcoin (COIN:BTCUSD) rallied 6.65% to hit $27,843.53. The market reacted positively, with Grayscale Bitcoin Trust rising 17% and other crypto assets posting gains. The…
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Treasury Yields Dip on Weak US Jobs and Confidence Data
Weaker-than-expected job creation and consumer confidence data in the US have brought down yields on the US Treasury debt market. Treasuries are now pricing in a lower likelihood of another Federal Reserve rate hike this year, with yields at their lowest levels in more than a week. The two-year yield, which is more sensitive to…
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European Stocks Close Higher, Following Gains In NY
The main indices of the European stock market ended this Tuesday’s trading session higher, driven by positive global sentiment, while investors also await important economic data forecast for the coming days. Stocks react to US labor market data. The Jolts report showed that the country had 8.827 million open positions, the lowest number since March…
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Jolts: US Job Openings Fall To 8.827 Million In July
Job openings in the United States fell to 8.827 million in July, according to the Jolts report, published today (29) by the country’s Department of Labor. The result was below the expectation of consulted analysts, of 9.5 million vacancies. July numbers hit the lowest level since March 2021 showing signs of a more flexible job…