On Monday, Nasdaq futures pointed to a slightly lower opening, matching the jump in oil prices caused by the U.S. and Iran’s exchange of military strikes. Futures on the S&P500, the DJIA, and the Nasdaq 100 all fell by 0.2 Read More …
The hawkish remarks made by Fed Chair Warsh at Jackson Hole have caused the US currency to consolidate its pre-weekend rally. The last instance of the US two-year and the Dollar Index experiencing a rise comparable to the reaction following Read More …
Federal Reserve Chairman Kevin Warsh cautioned that inflation is not showing significant signs of deceleration and emphasised that policymakers need to be assured of its reduction; otherwise, the central bank has “work to do.” In a comprehensive address, his inaugural Read More …
CXMT Corp.’s first-half revenue increased nearly tenfold, accompanied by a significant rise in profit, indicative of the heightened demand for AI hardware that has positioned the memory chipmaker as China’s most valuable enterprise. The Hefei-based company’s revenue expanded to 150.3 Read More …
The major U.S. index futures are currently indicating a relatively unchanged opening on Friday, as stocks are expected to exhibit a lack of clear direction following a predominantly positive close in the prior session. Traders might exhibit caution in executing Read More …
Source reported on Wednesday that Nvidia had agreed to purchase Hugging Face, a repository of open-source AI models, for $12.9 billion. This would be one of the biggest purchases ever made by Nvidia, the company at the heart of the Read More …
Meta Platforms Inc. is set to allocate as much as $18 billion in a comprehensive settlement with nearly all US states, aimed at addressing a multitude of legal claims concerning teenage users on its social media platforms. However, there are Read More …
The major U.S. Index futures are currently indicating a roughly flat open on Wednesday, suggesting that stocks may exhibit a lack of direction following the modest strength observed in the previous session. Traders may exhibit caution in making substantial moves Read More …
US consumers curtailed their expenditures in July as inflation persisted at elevated levels, according to new data released by the Commerce Department on Wednesday. Consumer spending, adjusted for inflation, remained unchanged from the previous month, marking a significant deceleration from Read More …
The major U.S. index futures are currently indicating a higher open on Tuesday, suggesting that stocks are poised to rebound after concluding the previous session predominantly lower. Early buying interest may be sparked in response to a prolonged decline in Read More …
