ADVFN US – Market Content Editor
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US Futures Rise, European Stocks Slip
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.2% in morning trading. Uniper added 7.3% and THG rose 5.5%. On the other hand,…
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Top Company News of the Day: Microsoft, Nvidia, Comac, Disney
Why Microsoft’s $75 Billion Bid for Activision Hinges on Call of Duty Regulators worry the popular videogame franchise is so crucial to attract hard-core gamers that it could be used to dominate cloud gaming. The AI Boom Runs on Chips, but It Can’t Get Enough A shortage of the kind of advanced chips that are…
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Crypto This Monday: Debt Ceiling deal excludes mining tax, Fantom rewards projects with gas fees, and more
Debt ceiling deal excludes cryptocurrency mining tax In a deal to raise the U.S. debt ceiling, President Joe Biden and Republican House Speaker Kevin McCarthy left out a tax on cryptocurrency mining. The proposed tax, known as DAME, was removed from the bill, drawing criticism and opposition from politicians such as Senator Cynthia Lummis. She tweeted that…
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Wall Street Highlights: Tesla, Nvidia, JPMorgan, Moderna and more
US stock and bond markets will be closed on Monday (29th) for Memorial Day. US debt deal talks have entered the final stages, but last-minute changes are likely to continue until the June 1 deadline. The week will remain busy with earnings reports and labor market data. Earnings highlights will include results from Hewlett Packard Enterprise and…
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Renewed Optimism About Debt Ceiling Deal Leads To Extended Rally On Wall Street
Stocks moved sharply higher over the course of the trading day on Friday, extending the rebound seen during Thursday’s session. With the continued upward move, the Nasdaq and the S&P 500 reached their best closing levels in nine months. The major averages moved roughly sideways going into the close, holding on to strong gains. The…
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Crypto This Friday: AVAX Tokens Will Be Unlocked, Anticipation for AI and Blockchain Integration, and More
Millions of AVAX tokens will be unlocked in the Avalanche ecosystem On Sunday, millions of AVAX tokens will be unlocked and distributed in the Avalanche ecosystem (COIN:AVAXUSD), increasing supply by 1.2%. The 9.3 million tokens in circulation are worth around $130 million and will go to the Avalanche Foundation, partners and an airdrop. Unlocks are not automatic…
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Friday’s Wall Street Highlights: JPMorgan, Tesla, PDS Biotechnology, Costco and more
US Index Futures rose on the possibility of the US government reaching a deal to resolve the US debt ceiling problem prevailing in markets on Friday morning. Investors also await the release of the inflation indicator monitored by the Federal Reserve, after mixed signals from US central bank officials regarding the direction of interest rates. By…
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Top Company News of the Day: Nvidia, Tesla, Ford, Hyundai
Chip Companies, Wary of Break With China, Seek Looser Limits on Federal Cash Businesses are urging the U.S. government to rethink proposed rules for awarding grants and tax credits for the U.S. semiconductor industry. How AI Is Catapulting Nvidia Toward the $1 Trillion Club The company’s chips are leaders in processing the complex calculations driving…
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U.S. Stocks Rebound On Upbeat Nvidia Earnings
Stocks moved mostly higher during trading on Thursday, regaining ground after moving sharply lower on Tuesday and Wednesday. The Nasdaq showed a particularly strong upward move, reflecting strength in the tech sector. The Nasdaq surged 213.93 points or 1.7 percent to 12,698.09, bouncing back near the nine-month closing high set on Monday. The S&P 500…
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Crypto This Thursday: Celsius Network Selects Fahrenheit, Bitpanda Teams Up with Coinbase, and More
Celsius Network Selects Fahrenheit as winning proposal to get out of bankruptcy Celsius Network LLC selected Fahrenheit as the winning bid to run a creditor-controlled new company emerging from bankruptcy. Celsius account holders will own 100% of NewCo’s new equity, which will be overseen by a new board of directors. “ We are delighted that our competitive…