ADVFN US – Market Content Editor
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Crypto this Wednesday: Axie Infinity on App Store, Tether to Strengthen Reserves with BTC, and More
Axie Infinity game launched on the App Store in Latin America and Asia Sky Mavis is launching its Axie Infinity: Origins card game on the Apple (NASDAQ:AAPL) App Store, expanding its availability in key markets where it is popular. The AXS token (COIN:AXSUSD) reacted, up 6.73% over the last 24 hours to $7.29. The strategic card-based game…
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Tencent’s Revenue Rises, IBM and Google Invest in Quantum, Deutsche Bank to Reduce Office Space
Tencent’s Revenue Rises Tencent (HKF:0700), the Chinese tech giant, experienced accelerated revenues in the first quarter as the country’s economy rebounded after the end of its zero-Covid policy. In the three months leading up to March, the social media and gaming group reported an 11% rise in revenue, reaching Rmb150bn ($21bn) compared to the same…
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Increasing Delinquency Rates in US, Slowdown in China’s Home Price Growth, US Housing Starts To Show Recovery Signs
Sudan Aid Plea Amidst Conflict: UN Seeks $2.6B The UN’s aid agency has appealed for $2.6 billion to support humanitarian efforts in Sudan amidst ongoing conflict between the Sudanese army and the paramilitary group, Rapid Support Forces. With over half of the country’s population, approximately 25 million people, requiring aid and protection, the situation is…
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Futures Pointing To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after ending the previous session mostly lower. Optimism lawmakers will eventually reach an agreement on raising the U.S. debt ceiling may generate early buying interest following yesterday’s meeting between President…
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Wall Street Highlights for Wednesday: Target, Tesla, Western Alliance, AT&T and more
US Index Futures operated in positive territory on Wednesday, with investors awaiting news on talks between congressmen and President Joe Biden over the US debt ceiling, while awaiting data on housing and building permits. American markets are still echoing the surge in Western Alliance shares in the after hour, after the bank recorded growth in deposits,…
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UBS Anticipates Cash Boost, ServiceNow Launches Share Buyback, JD Sports Reports Profit Drop
UBS Anticipates Cash Boost UBS (NYSE:UBS), the Swiss bank, anticipates receiving a substantial cash boost from its acquisition of Credit Suisse, a former competitor, amounting to billions of dollars. The combined firms’ negative goodwill, resulting from the purchase of a rival below tangible book value, has reached $34.8 billion as of the end of 2022.…
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Japan’s Economy Surpasses Expectations, IEA Raises Oil Demand Forecast, European Auto Sales Recover
Debt Ceiling Optimism Republican House Speaker Kevin McCarthy expressed optimism that a deal to raise America’s debt ceiling could be reached by the end of the week. After meeting with President Joe Biden, McCarthy insisted on spending cuts in exchange for increasing the government’s borrowing cap. As talks continue, Biden has decided to shorten his…
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Top Company News of the Day: Tesla, Lyft, Pfizer, Carrier Fire
Elon Musk Teases New Tesla Products While Warning About Economic Challenges Former Tesla tech chief JB Straubel also won a seat on the auto maker’s board at the company’s annual shareholder meeting. Lyft Taps New CFO Amid Layoffs, Soft Earnings Forecast Lyft tapped a new chief financial officer from financial-services firm Charles Schwab in the…
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US Futures Rise, European Stocks Mixed as Shares Track US Debt Ceiling Talks
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. arGEN-X rose 4.5% and Sage Group added 3.1%. On the other…
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Dow Pulls Back Sharply On Disappointing Home Depot Results, Debt Ceiling Worries
Stocks moved mostly lower over the course of the trading day on Tuesday, giving back ground after ending Monday’s session mostly higher. The major averages all moved to the downside, with the Dow showing a particularly steep drop. The Dow and the S&P 500 fell to new lows for the session going into the close…