ADVFN US – Market Content Editor
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Top Company News of the Day: Twitter, PacWest, Lenovo, Target
Elon Musk Wants to Challenge Google and Microsoft in AI Twitter boss tells WSJ London event the social-media company could be cash-flow positive starting in June. Baby-Formula Makers Face FTC Probe for Collusion The agency is investigating whether any formula manufacturers coordinated before bidding for state contracts. PacWest Sells Real-Estate Lending Unit The struggling regional…
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Stocks Close Notably Lower As Debt Ceiling Talks Make No Significant Progress
U.S. stocks ended notably lower on Tuesday after staying weak right through the day’s session due to sustained selling at several counters. A lack of significant progress in U.S. debt ceiling negotiations weighed on sentiment. Traders largely shrugged off data showing fairly sharp growth in the nation’s private sector activity. The major averages all ended…
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Crypto this Tuesday: Solana Integrates ChatGPT for Blockchain Interactions, OKX Seeks Registration in France, and More
Solana integrates AI with ChatGPT plugin to facilitate blockchain interactions The Solana Foundation integrated artificial intelligence using a ChatGPT plugin developed by Solana Labs. The plugin enables interactions with the Solana blockchain, including functions such as buying NFTs, transferring tokens and interpreting data. The foundation also increased funding for blockchain and AI-related grants to $10 million and…
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Crypto and Macro Weekly Recap
Over the past two weeks, cryptocurrencies have remained stable with little change in the prices of major coins such as Ether and Bitcoin. Ether traded slightly higher by 0.3% compared to the previous week, while Bitcoin saw a 0.7% decrease in value. In contrast, US and EU stocks saw an upward trend, with NASDAQ index…
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U.S. Stocks May Move To The Downside In Early Trading
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move to the downside after ending the previous session mixed. Ongoing concerns about the U.S. debt ceiling and a potential default may weigh on Wall Street following a meeting between President Joe Biden and…
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Tuesday’s Wall Street Highlights: PacWest, Yelp, Oracle, Lowe’s and more
US Index Futures had a flat open, with indexes hovering just below the flat line as the market focused on budget disputes in Washington. By 6:40 AM, Dow Jones futures were down 21 points, or 0.06%. S&P 500 futures were down 0.02%, while Nasdaq-100 futures were down 0.02%. The 10-year Treasury yield was at 3.746%. West Texas Intermediate…
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North American Morning Briefing: Stock Futures Lower As Debt-Ceiling Fight Continues
Market Wraps Watch For: New Home Sales for April; S&P flash services and manufacturing purchasing manager indices for May Today’s Top Headlines/Must Reads: – Biden, McCarthy Hold ‘Productive’ Meeting but No Debt-Ceiling Deal Yet – Debt-Ceiling Fight Sends Investors Hunting for New Havens – Biden Can’t Win in Debt-Ceiling Fight – Yield-Curve Pioneer Says This…
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US Futures Mixed, European Stocks Fall Amid US Debt Ceiling Uncertainty
In the U.S. futures for the S&P 500 were flat 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 fell 0.3% in morning trading. Trelleborg Series B rose 4.9% and Orron Energy climbed 4.3%. On the…
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Top Company News of the Day: Zoom, Yelp, TikTok, Adani
Zoom stock ticks higher as earnings and forecast top expectations Zoom Video Communications Inc.’s stock rose in extended trading Monday, after the videoconferencing company beat financial expectations. Activist Investor Calls on Yelp to Explore Sale TCS Capital Management has built a stake in Yelp and is calling on the service-recommendation site to explore strategic alternatives.…
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U.S. Stocks Close On Mixed Note After Lackluster Session
U.S. stocks turned in a mixed performance on Monday with technology shares outperforming the broad market. Investors largely refrained from making significant moves as they awaited updates on debt ceiling negotiations. President Joe Biden and House Speaker Kevin McCarthy, R-Calif., are due to hold talks on raising the debt ceiling this evening. Treasury Secretary Yellen…