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Update: Gold Rises on Safe Haven Buying Even as Dollar Advances Following U.S. Job Report
Update: Gold Rises on Safe Haven Buying Even as Dollar Advances Following U.S. Job Report
Feb 7, 2025
02:00 PM EST, 02/07/2025 (MT Newswires) -- (Updates prices.) Gold rose early on Friday, supported by safe-haven buying even as the dollar rose after the United States added fewer new jobs than expected in January. Gold for April delivery was last seen up US$12.30 to US$2,889.00 per ounce. The price of the metal rose to a record high of US$2,893.00...
Sector Update: Health Care Stocks Lower Friday Afternoon
Sector Update: Health Care Stocks Lower Friday Afternoon
Feb 7, 2025
02:00 PM EST, 02/07/2025 (MT Newswires) -- Health care stocks were retreating Friday afternoon, with the NYSE Health Care Index down 0.1% and the Health Care Select Sector SPDR Fund (XLV) 0.2% lower. The iShares Biotechnology ETF (IBB) fell 1.9%. In corporate news, Eli Lilly ( LLY ) said Friday that data from its open-label extension study showed bowel disease...
Sector Update: Financial Stocks Lower Friday Afternoon
Sector Update: Financial Stocks Lower Friday Afternoon
Feb 7, 2025
01:56 PM EST, 02/07/2025 (MT Newswires) -- Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each easing 0.3%. The Philadelphia Housing Index was falling 2.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was off 0.2%. Bitcoin (BTC-USD) was increasing 1.5% to $97,920, and the yield...
Sector Update: Consumer Stocks Decline in Afternoon Trading
Sector Update: Consumer Stocks Decline in Afternoon Trading
Feb 7, 2025
02:02 PM EST, 02/07/2025 (MT Newswires) -- Consumer stocks were lower Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.3%. In corporate news, Newell Brands' ( NWL ) Q4 earnings came in ahead of Wall Street estimates, but revenue missed estimates, while the company issued...
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Earnings Preview: Cognyte Software
Earnings Preview: Cognyte Software
Dec 10, 2024
Cognyte Software ( CGNT ) will release its quarterly earnings report on Wednesday, 2024-12-11. Here's a brief overview for investors ahead of the announcement. Analysts anticipate Cognyte Software ( CGNT ) to report an earnings per share (EPS) of $-0.04. Anticipation surrounds Cognyte Software's ( CGNT ) announcement, with investors hoping to hear about both surpassing estimates and receiving positive...
US finalizes nearly $6.2 billion award for Micron for chips production
US finalizes nearly $6.2 billion award for Micron for chips production
Dec 10, 2024
WASHINGTON, Dec 10 (Reuters) - The U.S. Commerce Department said Tuesday it has finalized a nearly $6.2 billion government subsidy for Micron Technology ( MU ) for semiconductor production in New York and Idaho. The funding will support Micron's long-term plan to invest approximately $100 billion in New York and $25 billion in Idaho. Separately, the department has reached a...
Analyzing NVIDIA In Comparison To Competitors In Semiconductors & Semiconductor Equipment Industry
Analyzing NVIDIA In Comparison To Competitors In Semiconductors & Semiconductor Equipment Industry
Dec 10, 2024
In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating NVIDIA ( NVDA ) in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing crucial financial metrics, market position, and growth potential, our objective is...
A Closer Look at Broadcom's Options Market Dynamics
A Closer Look at Broadcom's Options Market Dynamics
Dec 10, 2024
Deep-pocketed investors have adopted a bearish approach towards Broadcom ( AVGO ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AVGO usually suggests something big is about to happen. We gleaned this information from...
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Bitcoin Ownership Shifts: Whales Cash Out as Mid
Bitcoin Ownership Shifts: Whales Cash Out as Mid
Sep 9, 2025
The Bitcoin (BTC) market’s supply dynamics are being reshaped, with on-chain data showing that large holders of the asset are selling off some of their stash, while mid-tier investors are buying more. This transition is happening as BTC trades near a long-term support zone, raising questions about whether its next move could be another leg higher or the start of...
Apple’s Alleged $1.5 Billion XRP Buy: Truth or Total Fiction?
Apple’s Alleged $1.5 Billion XRP Buy: Truth or Total Fiction?
Sep 9, 2025
TL;DR The cryptocurrency community, apart from all of its positive sides, often publishes various predictions and makes big claims, many of which turn out to be completely false. A popular X user now claims that there are strong rumors Apple will announce a big crypto purchase today and its XRP. Are the “rumors” in the room with us right now?...
Ripple Expands Its European Reach With BBVA Custody Deal in Spain
Ripple Expands Its European Reach With BBVA Custody Deal in Spain
Sep 9, 2025
Ripple has revealed a new agreement with BBVA that will see the Spanish bank adopt Ripples digital asset custody technology. The partnership comes as BBVA recently launched a crypto-asset trading and custody service in Spain, which offers Bitcoin (BTC) and Ether (ETH) to retail clients. Ripples Expansion Into Spain With this integration, BBVA will rely on Ripple Custody, an institutional-grade...
Altcoin Trap Alert: Analyst Warns of Engineered Rally Ahead of CPI and FOMC Shocks
Altcoin Trap Alert: Analyst Warns of Engineered Rally Ahead of CPI and FOMC Shocks
Sep 9, 2025
A prominent market analyst is raising alarms that the current uptick among altcoins is a deliberate setup, a final act of distribution before a potential macroeconomic storm. With critical inflation data and a Federal Reserve meeting on the horizon, he is labeling the rally as a sophisticated trap for overeager retail investors. Exit Pump Risk as Macro Events Loom In...
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