ADVFN US – Market Content Editor
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North American Morning Briefing: Stock Futures Slip as PBOC Underwhelms
Source: Dow Jones Newswires Watch For: Housing Starts for May; FedEx earnings; General Motors annual meeting Today’s Headlines/Must Reads – Stock-Market Rally Costs Bears $120 Billion – Wall Street Sours on America’s Downtowns – Why Inflation Around the World Just Won’t Go Away – Silicon Valley’s Newest Unicorn Is a Mining Company Opening Call: Stock…
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US Futures, European Stocks Down Ahead of BOE Decision
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Sanofi rose 2.8% and THG added 2.6%. On the other hand,…
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Top Company News of the Day: Alibaba, Stellantis, Foxconn, Airbus
Alibaba Says Chairman and CEO Daniel Zhang Will Be Replaced Alibaba is reshuffling its top executives, with current Vice Chairman Joseph Tsai taking over as chairman from Daniel Zhang while the head of its domestic e-commerce unit was named CEO. Stellantis, Foxconn Form Chip Venture Stellantis and Foxconn are joining forces to create a new…
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Crypto This Monday: UK Regulates Cryptocurrencies In Law, Etherscan Embraces AI, And More
UK passes bill to regulate cryptocurrencies UK MPs have passed a bill that could regulate cryptocurrency as an activity in the country. The Financial Services and Markets Bill has passed the House of Lords and will move into the final stages before becoming law. The bill, more than 340 pages long, seeks to give regulators greater control…
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Top Company News of the Day: Netanyahu, Rio Tinto, Pixar, SVB
Israel’s Netanyahu Touts Expanded Investment by Intel The prime minister’s announcement comes amid protest from the country’s tech industry over his plan to overhaul Israel’s judiciary. Rio Tinto Says Driverless Iron-Ore Train Derailed in Western Australia Rio Tinto said an autonomous train carrying iron ore from its mining operations in remote northwest Australia to a…
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U.S. Stocks Give Back Ground But Hold On To Strong Gains For The Week
Stocks turned in a lackluster performance throughout much of the trading session on Friday before coming under pressure in the latter part of the session. The major averages all moved to the downside, with the tech-heavy Nasdaq leading the way lower. The major averages finished the session just off their worst levels of the day.…
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Apple remains the world’s most valuable brand, valued at $880.4 billion
The ranking of the most valuable brands in the world was updated and showed that Apple continues to lead the list, valued at US$ 880.4 billion. Just behind Steve Jobs’ brand are Google, valued at US$ 577.7 billion, and Microsoft, with US$ 501.8 billion, according to Kantar BrandZ and disclosed in recent days. However, despite…
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Virgin Galactic will launch the first commercial spaceflight this month; stock soars
Virgin Galactic Holdings (NYSE:SPCE), Richard Branson’s space tourism venture, has soared after announcing that its long-awaited first commercial passenger mission will take off on June 27. The shares appreciated 40% at the beginning of the trading session this Friday (16) and around 1 pm, the shares continue at a strong increase of 15.3%, being traded…
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Upward Momentum May Lead To Continued Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly higher open on Friday, with stocks poised to extend the strong upward move seen over the past several sessions. The markets may continue to benefit from recent upward momentum, which has contributed to a six-session winning streak for the S&P 500. The…
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Friday’s Wall Street Highlights: Microsoft, Intel, Virgin Galactic, Disney, and more
US Index Futures traded little changed in premarket trading on Friday, with the S&P 500 on course to close the week at a 16-month high. By 7:02 AM, Dow Jones Futures ( DOWI:DJI ) was down 4 points, or 0.01%. S&P 500 futures gained 0.04%, while Nasdaq-100 futures added 0.15%. The 10-year Treasury yield was at 3.732%. The Bank…