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Sector Update: Energy
Sector Update: Energy
Oct 2, 2024
08:53 AM EDT, 09/30/2024 (MT Newswires) -- Energy stocks were leaning lower premarket Monday with the Energy Select Sector SPDR Fund (XLE) 0.2% lower recently. The United States Oil Fund (USO) was down 0.3% and the United States Natural Gas Fund (UNG) was 0.9% lower. Front-month US West Texas Intermediate crude oil was up marginally at $68.21 per barrel at...
Sector Update: Tech
Sector Update: Tech
Oct 2, 2024
08:43 AM EDT, 09/30/2024 (MT Newswires) -- Technology stocks were leaning lower premarket Monday as the Technology Select Sector SPDR Fund (XLK) was down 0.5% and the SPDR S&P Semiconductor ETF (XSD) fell by 0.7% recently. Emcore ( EMKR ) shares surged past 111% after Mobix Labs (MOBX) said it has submitted a non-binding cash offer to acquire Emcore (...
US Equity Futures Turn Lower Pre-Bell as Wall Street Set to Kick Off Final Session for Q3
US Equity Futures Turn Lower Pre-Bell as Wall Street Set to Kick Off Final Session for Q3
Oct 2, 2024
08:26 AM EDT, 09/30/2024 (MT Newswires) -- US equity futures were lower premarket Monday as Wall Street is set to kick off the final trading session of September. The Dow Jones Industrial Average futures fell 0.1%, S&P 500 futures declined 0.2%, and Nasdaq futures were down 0.3%. Oil prices were little changed, with front-month global benchmarks North Sea Brent crude...
Traders Consolidate Positions in Final Session for Q3, Driving Cautious Losses for US Equity Futures
Traders Consolidate Positions in Final Session for Q3, Driving Cautious Losses for US Equity Futures
Oct 2, 2024
08:59 AM EDT, 09/30/2024 (MT Newswires) -- US equity futures posted narrow losses ahead of Monday's opening bell as Wall Street is set to kick off the final trading session of September. The Dow Jones Industrial Average futures fell 0.1%, S&P 500 futures lost 0.2% and Nasdaq futures were down 0.3%. Oil prices were higher, with front-month global benchmarks North...
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Apple, Epic Games spat is a matter of priority, EU industry chief says
Apple, Epic Games spat is a matter of priority, EU industry chief says
Mar 7, 2024
BRUSSELS, March 7 (Reuters) - EU regulators have been tasked with into looking into the spat between Apple ( AAPL ) and Fortnite video-game maker Epic Games as a matter of priority, EU industry chief Thierry Breton said on Thursday. Under the #DMA, there is no room for threats by gatekeepers to silence developers. I have asked our services to...
The Analyst Verdict: Palantir Technologies In The Eyes Of 9 Experts
The Analyst Verdict: Palantir Technologies In The Eyes Of 9 Experts
Mar 7, 2024
Across the recent three months, 9 analysts have shared their insights on Palantir Technologies ( PLTR ) , expressing a variety of opinions spanning from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat...
Broadcom's first-quarter revenue beats estimates
Broadcom's first-quarter revenue beats estimates
Mar 7, 2024
March 7 (Reuters) - Tech conglomerate Broadcom ( AVGO ) beat market estimates for first-quarter revenue on Thursday, as cloud providers continue to upgrade data centers to support artificial intelligence, helping drive demand for its advanced networking chips. The company reported quarterly net revenue of $11.96 billion. This compares to analysts' average estimate of $11.72 billion, according to LSEG data....
Broadcom's Q1 revenue beats estimates as AI powers demand for networking chips
Broadcom's Q1 revenue beats estimates as AI powers demand for networking chips
Mar 7, 2024
March 7 (Reuters) - Tech conglomerate Broadcom ( AVGO ) beat market estimates for first-quarter revenue on Thursday, as cloud providers continue to upgrade data centers to support artificial intelligence, helping drive demand for its advanced networking chips. However, the company did not update its annual revenue forecast of $50 billion, which still falls short of expectations, likely disappointing investors....
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JSW Group-MG Motor venture aims to sell 1 mln EVs in India by 2030
JSW Group-MG Motor venture aims to sell 1 mln EVs in India by 2030
Mar 20, 2024
MUMBAI, March 20 (Reuters) - The joint venture between India's JSW Group and MG Motor, which is owned by China's SAIC Motor, is targeting 1 million electric vehicles sold in India by 2030, an executive for the JSW Group said on Wednesday. The venture plans to foray into the premium passenger vehicle segment, the companies said in a joint statement....
French competition watchdog hits Google with 250 mln euro fine
French competition watchdog hits Google with 250 mln euro fine
Mar 20, 2024
PARIS, March 20 (Reuters) - France's competition watchdog on Wednesday said it fined Google 250 million euros ($271.73 million) for breaches linked to EU intellectual property rules in its relationship with media publishers. Google has pledged not to contest the facts as part of settlement proceedings, the watchdog said, adding the company also proposed a series of remedy measures to...
Gucci's steep sales decline throws spotlight on China
Gucci's steep sales decline throws spotlight on China
Mar 20, 2024
By Mimosa Spencer PARIS (Reuters) - Shares of Kering are expected to open down on Wednesday, after the company warned first quarter sales at its star label Gucci would drop by around 20% due to weakness in Asia. The warning underscores the challenge Kering faces as it seeks to reignite sales momentum at Gucci, which accounts for half of group...
Oil retreats from multi-month highs, strong dollar dents demand
Oil retreats from multi-month highs, strong dollar dents demand
Mar 20, 2024
SINGAPORE (Reuters) -Oil prices edged lower on Wednesday, as a stronger dollar curbed investor appetite while traders took some money off the table after benchmarks rallied to multi-month highs in the previous session. Brent crude futures for May fell 28 cents, or 0.3%, to $87.10 a barrel by 0711 GMT. U.S. West Texas Intermediate futures for April delivery, which expire...
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Ethereum Price Predictions: New ATH in the Near Future or Deeper Correction?
Ethereum Price Predictions: New ATH in the Near Future or Deeper Correction?
Jul 24, 2024
TL;DR Ethereum saw the launch of nine spot ETFs by major financial institutions, with the products surpassing $1 billion in trading volume on day one. Despite initial price dips, analysts predict a potential rally for ETH supported by key metrics indicating increased volatility and a bullish trend ahead. Whats Next for ETH? Ethereum (ETH) has been a top-trending topic in...
Here’s How Much Crypto Sanctioned Russian Media Outlet SouthFront Received: Chainalysis
Here’s How Much Crypto Sanctioned Russian Media Outlet SouthFront Received: Chainalysis
Jul 24, 2024
Malicious actors have increasingly used crypto-linked disinformation campaigns to disrupt elections, including the 2020 election. With the 2024 global elections impacting half the worlds population, identifying and addressing these campaigns is important to protect democratic processes from interference. Upon analyzing disinformation actors, their tactics, and on-chain activity, Chainalysis found that one such media outlet is Russia-based SouthFront, which was sanctioned...
Mt. Gox Bitcoin Movements Continue, Trustee Transfers $2.47B in BTC to Unknown Address
Mt. Gox Bitcoin Movements Continue, Trustee Transfers $2.47B in BTC to Unknown Address
Jul 24, 2024
Bitcoin movements from the rehabilitation trustee of the defunct crypto exchange Mt. Gox are still ongoing. The wallet linked to the defunct entity just moved $2.47 billion worth of bitcoins (BTC) to an unknown address. According to data from the blockchain intelligence platform Arkham, the wallet transferred 32,371 BTC to the unlabelled address at around 04:46 am UTC. The stash...
Bitcoin Price Analysis: The Bulls Must Protect This Level to Keep Hopes for $70K Alive
Bitcoin Price Analysis: The Bulls Must Protect This Level to Keep Hopes for $70K Alive
Jul 24, 2024
Bitcoin’s price has been correcting over the last couple of days after failing to break the $68K resistance level to the upside. However, there is still a high probability of a new record high in the coming weeks. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rallying aggressively since its recovery from $56K....
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