ADVFN US – Market Content Editor
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Crypto This Wednesday: BTC Jumps, Jerome Powell Emphasizes Stablecoin Oversight, And More
Jerome Powell Highlights Oversight of Stablecoins as “Form of Money” US Federal Reserve Chairman Jerome Powell has stated that the regulator considers stablecoins to be a “form of money” and believes that central banks should oversee them. He made this statement during a hearing in response to Congresswoman Maxine Waters, who questioned whether stablecoin issuers should…
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U.S. Stocks May See Further Downside On Powell Comments
US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside after moving mostly lower over the two previous sessions. Concerns about the outlook for interest rates may weigh on Wall Street following remarks by Federal Reserve Chair Jerome Powell. In prepared remarks…
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Wednesday’s Wall Street Highlights: MSG Entertainment, FedEx, Tesla, Hewlett Packard and more
US Index Futures were lower in premarket trading on Wednesday, weighed down by investors’ caution in anticipation of Powell’s speech, scheduled to begin at 10:00 AM. Powell will be able to clarify, to investors, the outlook for monetary policy in the second half of this year, after saying, the previous week, that Fed members foresee further…
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North American Morning Briefing: Investors Eye Powell Testimony
Market Wraps Watch For: Jerome Powell Presents Monetary Policy Report to House Financial Services Committee; Canada Retail Trade for April Today’s Top Headlines/Must Reads: – Forget the Fed, and Focus on the Economy – Investors Are Putting America First Again – Google Cloud Launches Anti-Money-Laundering Tool for Banks, Betting on the Power of AI –…
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US Futures Down, European Stocks Mixed Ahead of Fed Powell’s Remarks
In the U.S., futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.2% in morning trading. Orpea rose 5.1% and Husqvarna Series B climbed 4.1%. On the…
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Top Company News of the Day: SoftBank, Civitas, Tesla, 3M
SoftBank’s Masayoshi Son Says He’s Focusing on AI Inventions The CEO says he wants to invest more aggressively as tech stocks revive. “I want SoftBank to lead the AI revolution.” Kimmeridge-Backed Civitas to Buy Oil and Gas Assets for $4.7 Billion Civitas emerges as a consolidator with acquisitions from Hibernia Energy III and Tap Rock…
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Profit Taking Contributes To Extended Pullback On Wall Street
After coming under pressure early in the session, stocks regained some ground over the course of the trading day on Tuesday but still closed mostly lower. The major averages extended the pullback seen late in last Friday’s session. The major averages all finished the day in negative territory. The Dow slid 245.25 points or 0.7…
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Crypto This Tuesday: Cardano Launches Node 8.1.1, EDX Markets Starts Operations, and More
Binance Confirms Bitcoin Lightning Network Integration for Deposits and Withdrawals Cryptocurrency exchange Binance has confirmed its intention to join the Bitcoin (BTC) Lightning Network for deposits and withdrawals. Binance will join other major exchanges such as Bitfinex, Kraken and OKX that have already implemented the technology. The crypto community has spotted Binance nodes on the network, and…
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Profit Taking May Lead To Extended Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a moderately lower open on Tuesday, with stocks likely to extend the pullback seen late in Friday’s session. Traders may continue to cash in on recent strength in the markets, which lifted the Nasdaq and the S&P 500 to their best levels in over…
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Tuesday’s Wall Street Highlights: Airbus, Intel, Grab, Alibaba, FedEx and more
US Index Futures pull back on the return of yesterday’s US holiday. By 6:44 AM, Dow Jones futures (DOWI:DJI) was down 122 points, or 0.35%. S&P 500 futures were down 0.37%, while Nasdaq-100 futures were down 0.43%. The 10-year Treasury yield was at 3.775%. On the international scene, China lowered its key interest rates to stimulate the economy. Producer…