Tag: NASDAQ:MSFT
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Wednesday’s Wall Street Highlights: AMD, Starbucks, Yum Brands, CVS Health and Private Payrolls
Main subjects of the day US index futures rose on Wednesday morning, recovering from the eve’s losses, with investors bracing for the Fed’s decision on interest rates. By 8:21 AM, Dow Jones futures were up 60 points, or 0.18%. S&P 500 and Nasdaq-100 futures were up 0.29% each. At 8:28 am, the 10-year Treasury bond yield was trading at 3.413%. The 2-Year Treasury traded…
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Crypto this Friday: Binance enters Japan, BTC holds at $ 29K and more
Etherisc Launches Chainlink-Powered USDC Peg Protection Etherisc, the open-source decentralized insurance protocol and ecosystem, has released a depeg USDC protection hedge to the public, a press release said. In case of a depeg, the solution protects USDC (COIN:USDCUSD) deposits in non-custodial wallets with automated pre-specified payments, verified through the Chainlink Data Feed. As soon as the USDC to…
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Wednesday’s Wall Street Highlights: Microsoft, Activision Blizzard, Chipotle, Coinbase and more
Main subjects of the day US stock futures rose on Wednesday morning as Big Tech earnings began to roll in, starting with earnings from Alphabet and Microsoft. By 8:09 AM, Dow Jones futures were up 0.10%, while S&P 500 futures were up 0.09% and Nasdaq 100 futures gained 0.76%. In regular Tuesday trading, major indexes tumbled as First Republic…
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MS jumps in after-hour trade on better-than-expected Q3 earnings
Microsoft (MS) said on Tuesday that its third-quarter revenue and earnings beat Wall Street expectations, driven by growth in its cloud computing and office productivity software businesses. The announcement sent shares higher in after-hours trading. Microsoft reported earnings per share of $2.45. Data from Refinitiv showed that it was above the Wall Street estimate of…
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Crypto this Tuesday: Visa Has Ambitious Crypto Projects, Google Launches Accelerator for Blockchain Companies, and More
Coinbase sues SEC after months of silence from federal regulator Cryptocurrency exchange Coinbase (NASDAQ:COIN) filed a lawsuit against the Securities and Exchange Commission on Monday, asking that the regulator be forced to publicly share its response to a months-old petition about whether to allow the cryptocurrency industry to be regulated using existing SEC structures. “Coinbase does not treat…
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Crypto this Wednesday: a16z defines mysterious tweet, Intel cancels production of Blockscale series and more
Intel will stop producing Bitcoin mining chips A little over a year after Intel (NASDAQ:INTC) announced its entry into the world of producing Bitcoin (COIN:BTCUSD) mining chips, the technology giant revealed that it is giving up on the sector. The company will stop producing its Blockscale series and has no plans to release anything to replace…
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Boeing Halts Deliveries, Gold Prices Soar, Teck Rejects Merger
US Stocks Rise US stocks rose on Thursday after lower-than-expected inflation data increased hopes of a possible slowdown in the Federal Reserve’s tightening cycle. The S&P 500 (SPI:SP500) and Nasdaq (NASDAQI:NDX) both saw gains of 1.3% and 1.9% respectively. In Europe, stocks also edged higher on Friday, with the Stoxx 600 (STOXX:SSXP) up 0.2%, set…
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PC Shipments Continue To Fall, Super Mario Bros. Movie Breaks Records, Tesla Lowers Prices Again
US Stocks Fall US stocks took a hit, and the dollar surged in thin trading during the holidays, as investors prepared for another interest rate hike from the Federal Reserve. This came after Friday’s US job data, with the S&P 500 (SPI:SP500) falling more than 0.5%, and the tech-heavy Nasdaq 100 index (NASDAQI:NDX) losing 1.1%.…
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S&P 500 Earnings to Decline, Tesla to Build Shanghai Factory, Speculators Bet Against Treasuries
Markets React to Jobs Data Asian stocks gave up gains, and US equity futures fell in light trading as investors evaluated the Federal Reserve’s policy following Friday’s US jobs data. US stock contracts declined, and Treasury yields dropped across the curve in Asia after jumping Friday. The US monthly payrolls data boosted bets on a…
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Real Estate Stocks Facing Challenges, Google Launches Ads Transparency Center, Lucid to Cut Workforce by 18%
European Equities Rise On Wednesday, European equities rose while Asian stocks were buoyed by the announcement that Chinese ecommerce giant Alibaba would split into six business units. UBS (NYSE:UBS) saw a 2.2% rise in its shares after announcing that Sergio Ermotti would become its CEO, leading its takeover of Credit Suisse (NYSE:CS). The Stoxx 600…