ADVFN US – Market Content Editor
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Wall Street Highlights for Wednesday: Tesla, Goldman Sachs, C3.ai, Ambarella and more
The risk aversion environment prevails and puts pressure on US Index Futures, after China’s economy contracted for the second straight month in May, which adds evidence that the Asian country’s post-Covid recovery is losing momentum. The market also follows the vote in the plenary of the House of the bipartisan agreement to increase the debt…
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North American Morning Briefing: Stock Futures Hit by China Data; Debt-Ceiling Vote Looms
Market Wraps Watch For: Chicago Business Barometer – ISM Chicago Business Survey, Canadian GDP for March, Speeches by Fed governors Michelle Bowman and Philip Jefferson, Ford Motor Company May Sales Today’s Top Headlines/Must Reads: – China’s Recovery Slows Further as Factory, Services Activity Pulls Back – U.S. Manufacturers Seek China Alternatives as Tensions Rise –…
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US Futures, European Stocks Slip Amid US Debt-Deal Uncertainty
In the U.S., futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average fell 0.3% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.6% in morning trading. Uniper rose 13% and B&M European Value Retail added 3.6%. On…
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Top Company News of the Day: Boeing, Purdue, Hyundai, Kia
Boeing 737 MAX Victims’ Families Can Seek Compensation for Pain and Suffering, Judge Rules The aircraft maker has admitted responsibility for the 2019 crash, but has contested factoring victims’ precrash pain and suffering into damages. Purdue’s Sacklers Win Appeal, Regain Legal Shield Against Opioid Suits An appeals court has reinstated a Purdue bankruptcy settlement protecting…
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U.S. Stocks End On Mixed Note After Cautious Session
U.S. stocks ended mixed on Tuesday as the mood turned cautious around mid afternoon with investors awaiting the passage of the debt ceiling deal. Stocks, particularly from the technology section, started off on a firm note, although the broad market, however, was somewhat sluggish. The initial strength came following news President Joe Biden and House…
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Tether launches sustainable BTC mining in Uruguay, Mercedes-Benz launches NFT collection, and more
Tether Announces Sustainable Bitcoin Mining in Uruguay Tether (COIN:USDTUSD) has revealed plans to launch Bitcoin (COIN:BTCUSD) mining operations in Uruguay, in partnership with a local licensed company. The stablecoin issuing company has stated that it will use renewable energy sources, aiming at sustainable mining. Tether also plans to allocate part of its profits to buy Bitcoin regularly. “ Our…
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Crypto Weekly Newsletter
Crypto and Macro Weekly Recap Cryptocurrencies outperformed the US and EU equity markets, with Ether (ETH) trading at approximately 1,911 USDT at the close of the week, up by 5.8% compared to the previous week, while Bitcoin ended the week at 28,086 USDT, up by almost 5.0%. Meanwhile, the US stock market closed higher, with…
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Debt Ceiling Deal May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to extend the strong upward move seen to close out the previous week. Stocks are likely to benefit from news President Joe Biden and House Speaker Kevin McCarthy, R-Calif., reached an agreement in principle to raise the debt…
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North American Morning Briefing: Stocks Poised for Gains After Debt-Ceiling Deal
Market Wraps Watch For: Monthly/Quarterly House Price Index;S&P CoreLogic Case-Shiller Indices; Consumer Confidence Index; Texas Manufacturing Outlook Survey; Canada Balance of Payments; HP earnings Today’s Headlines/Must Reads – Biden, McCarthy’s Debt-Ceiling Deal Faces Crucial First Test in House – China’s Fading Recovery Reveals Deeper Economic Struggles – Why Microsoft’s $75 Billion Bid for Activision Hinges…
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The Disaster That Never Comes
The debt ceiling is practically agreed upon, gold prices (GC:CMX) contract, and the bulls dominate the markets – will the long-awaited correction never come? Not so fast. Despite PacWest Bancorp’s stock recent rebound, the future of regional banks remains in question. The country’s economy is also starting to tempest on one foot… According to Robert…