Tag: NYSE:SPOT
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Alaska Air Acquires Hawaiian Holdings, Spotify Cuts 1,500 Jobs, Uber’s S&P 500 Entry, and More
U.S. index futures are down in Monday’s pre-market trading, reversing some of last week’s gains. This comes amidst growing bets that the Federal Reserve will keep interest rates unchanged at the upcoming monetary policy meeting and initiate a decline next year. Despite efforts by Fed Chairman Jerome Powell to discourage expectations of rate cuts, stating…
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Crypto this Tuesday: Circle Sets New USDC Standard, Binance and DOJ Near Billion-Dollar Settlement, and More
Binance and US DOJ negotiate billion-dollar deal in investigation The US Department of Justice is close to reaching a settlement of over $4 billion with Binance Holdings Ltd., amid a major investigation of the cryptocurrency exchange for money laundering, bank fraud, and sanctions breaches. Binance’s founder, Changpeng Zhao, faces the possibility of criminal charges in…
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Thursday’s Wall Street Highlights: Intel, Toyota, Catalent, Palo Alto Networks, Cisco, and more
In Thursday’s pre-market, United States index futures show mixed behavior, influenced by positive economic data that suggest a possible end to the monetary tightening cycle by the Federal Reserve. Investors are also analyzing recent corporate earnings and the implications of the meeting between Joe Biden and Xi Jinping for the markets. At 6:28 am, Dow…
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Tuesday’s Wall Street Highlights: Coinbase, Intel, Redfin, Barclays, General Dynamics, GE, and more
US index futures are rising in pre-market trading this Tuesday, reflecting the relief in US interest rates that occurred yesterday, as well as economic activity data in the Eurozone and Japan. Investors are eager for information on corporate results and developments in the Israel-Hamas conflict. At 06:56 AM, Dow Jones futures (DOWI: DJI) rose by…
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Wednesday’s Wall Street Highlights: Apple, Intel, Cal-Maine, A10 Networks, and more
US index futures are slightly down in Wednesday’s pre-market, following a challenging session that pushed the Dow Jones into negative territory for the year 2023. Signs of stabilization emerge as Treasury yields firm up, and the dollar, after climbing to a 10-month peak against the G10 currencies, stabilizes. At 06:42 AM, Dow Jones futures (DOWI:DJI)…
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Tuesday’s Wall Street Highlights: Ford Motor, Coty, JPMorgan, Merck, Tesla, AIG, and more
US index futures are down in Tuesday’s pre-market, reflecting the ongoing risk aversion observed in recent days. Investors are concerned about the prospect of higher interest rates for an extended period and are closely monitoring developments both in China and the United States. In addition to the trajectory of Treasury rates, which has been a…
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Wednesday’s Wall Street Highlights: Verb Technology, Apple, Alphabet, Warner Bros, and more
US index futures are lower in premarket trading on Wednesday, weighed down by disappointing numbers in Europe and a rise in the cost of oil the day before. These factors heighten inflation concerns as investors await new US indicators, including the Beige Book. By 6:52, Dow Jones futures (DOWI:DJI) were down 51 points, or 0.14%. S&P 500…
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Keep An Eye Out: Pre-Market Movers And Recommendations
American Express (NYSE:AXP): RBC Capital upgrades to outperform from sector perform. PT up 1.5% to $200. Avalonbay Communities (NYSE:AVB): BMO Capital Markets downgrades to outperform from market perform. PT down 2.3% to $210. Biogen Inc (NASDAQ:BIIB): Morgan Stanley maintains an overweight/attractive rating with a target price raised from $363 to $381. Canadian National Railway (NYSE:CNI):…
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Crypto this Wednesday: SpiritSwap Closes Operations, Aptos Labs and Microsoft Partner, and More
Bitcoin teeters near $30,000 as investors watch US inflation Bitcoin approached $30,000 on Wednesday morning as investors await the US July Consumer Price Index (CPI). Core inflation, excluding food and energy, is expected to reach 0.4%, indicating lower inflation, which may reduce the chances of a Federal Reserve rate hike. Analyst Oliver Rust predicts a rise in…
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Spotify Sees Second-Quarter Loss Spike, But Hits User Target and Stocks Plummet
Spotify (NYSE:SPOT) recorded a net loss of 302 million euros in the second quarter, up 142% in losses over the same period of 2022. The company points out that it reached 551 million users at the end of June, a growth of 27% in the year, above the proposed target. The net addition of 36…