ADVFN US – Market Content Editor
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Crypto this Friday: PEPE reaches $1 Billion Market Cap, Voyager will pay creditors, and more
Voyager Lenders May Start Receiving Their Funds Soon Voyager Digital, a company that has declared itself bankrupt, may start paying its creditors in the coming weeks, according to the Official Committee of Unsecured Creditors in the creditor’s bankruptcy case. “Voyager is also finalizing everything internally that is necessary to make distributions to creditors. We expect initial rollouts to begin…
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Bargain Hunting, Apple Earnings May Lead To Rebound On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground after trending lower over the past several sessions. Bargain hunting may contribute to initial strength on Wall Street, as some traders look to pick up stocks at reduced levels following recent weakness. The…
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Friday’s Wall Street Highlights: Jobs report, Apple, Lyft, Coinbase, Carvana and More
On Friday, US stock futures are higher after four consecutive days of losses, as investors weigh the jobs data and the possibility of an interest rate cut from the Federal Reserve. Also, there was a rebound in regional bank stocks, led by PacWest Bancorp, after a week of losses. Apple’s better-than-expected results also boosted sentiment. By 8:31…
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North American Morning Briefing: Apple Results Buoy Stock Futures
Market Wraps Watch For: Employment Report for April; Canada Labour Force Survey for April; earnings from AMC Entertainment, Enbridge, Warner Bros. Discovery Today’s Headlines/Must Reads – Is the Fed Done Raising Rates? – Pensions Consider Selling Stocks, Adding Credit – Twitter’s Blue Check Marks Become Polarizing Symbol of Elon Musk’s Tenure – Coinbase Tries Novel…
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Top Company News of the Day: Apple, Regional-Bank, IAG, Air France-KLM
Apple Finds Strength in India as Overall Sales Fall for Second Straight Quarter The company logged strong iPhone growth in places such as India, Indonesia, Latin America and the Middle East, a sign of resilience as the tech giant continues to face economic uncertainty. Regional-Bank Shares Dive as Investors Fret About Contagion PacWest Bancorp and…
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US Futures, European Stocks Rise
In the U.S., futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average increased 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.3% in morning trading. Scatec rose 7.1% and Castellum added 6.8%. On the other hand,…
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Apple Reports Weaker Sales, Beats Expectations; DoorDash Sales Soar
Apple Reports Weaker Sales for Second Straight Quarter The iPhone maker posted a sales decline as demand has waned for some of its products after reaching record levels during the pandemic. Lyft Grew First-Quarter Revenue During Tumultuous Period The ride-sharing company said its revenue rose and its adjusted earnings fell in the first quarter, as…
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Crypto this Thursday: Alibaba Cloud creates Metaverse Launchpad, El Salvador zeroes taxes on tech Innovations, and more
Alibaba Cloud builds Metaverse Launchpad into Avalanche Alibaba’s cloud division (NYSE:BABA) has launched a launch pad called Cloudverse for companies to deploy metaverses on the Avalanche blockchain. Avalanche will provide the technology to build the metaverse spaces, while Alibaba Cloud will provide the compute and storage. The platform is designed to provide an end-to-end platform for companies…
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Regional Bank Concerns May Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to lower open on Thursday, with stocks likely to see further downside after moving notably lower over the two previous sessions. Ongoing concerns about turmoil among regional banks may weigh on Wall Street, with shares of PacWest Bancorp (PACW) plummeting by 37.2 percent in pre-market…
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Thursday’s Wall Street Highlights: PacWest, Salesforce, Shell, Moderna and more
On Thursday, US stock futures saw a pullback as investors eyed the Fed’s recent decision, as well as ongoing banking sector stress and Apple’s upcoming earnings release. By 8:07 AM, Dow Jones futures were down 131 points, or -0.39%. S&P 500 futures were down -0.41%, while Nasdaq-100 futures were down 0.15%. On Wednesday, the Dow fell…