Technology heavyweights like Tesla and Meta Platforms contributed to record gains Monday on Nasdaq although restraint was shown by investors anticipating a tapering of the Federal Reserve’s $120 billion monthly bond buying program. Nasdaq Composite rose by 61.69 points (0.40 percent) at 15,560.08, the S&P 500 rose 1.95 points (0.04 percent) at 4,607.33 and Dow…
Tesla ‘Drives’ the Market Upwards, Lifts Nasdaq to Record Territory
Global Shares Mixed as Investors Await Central Bank Moves
November 2, 2021
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TOKYO—Global shares were mixed Tuesday amid cautious trading ahead of a policy meeting by the U.S. Federal Reserve. France’s CAC 40 rose 0.2 percent to 6,904.57, while Germany’s DAX gained 0.2 percent to 15,837.55. Britain’s FTSE 100 dipped 0.5 percent to 7,254.78. The future for the Dow industrials inched less than 0.1 percent lower to…
GameStop COO, Dogelon Mars Surge, Snowden on Shiba Inu, J&J Settlement, Cathie Wood’s FB Bet: 5 Headlines You May Have Missed From This Weekend
Here is a quick roundup of the top five stories from the technology, corporate and cryptocurrency sectors that investors would not want to miss out on from the weekend. 1. Johnson & Johnson Settles Risperdal Lawsuits Johnson & Johnson (J&J) said it has settled most of the 9,000 lawsuits it faced over its anti-psychotic drug…
Amazon Analysts Break Down Q3 Earnings: ‘Would Be Buyers on Weakness’
Amazon.com Inc. (AMZN) shares dropped 2.9 percent on Friday after the company reported an ugly earnings miss and disappointing guidance. Amazon reported third-quarter adjusted earnings per share (EPS) of $6.12 on revenue of $110.8 billion. Both numbers missed consensus analyst estimates of $8.92 and $111.6 billion, respectively. Revenue was up 15 percent from a year…
US, EU Reach Deal to Settle Rift Over Steel and Aluminum Tariffs
The United States and European Union (EU) have reached a deal to settle the rift over tariffs on steel and aluminum imports from the EU. National security adviser Jake Sullivan, U.S. Trade Representative Katherine Tai, and Commerce Secretary Gina Raimondo announced the agreement Saturday. The Article 232 tariffs won’t be removed entirely but some quantity…
Roundhill Investments Launches BYTE, a Digital Infrastructure ETF: What Investors Should Know
Thematic ETF company Roundhill Investments is back with a new sector ETF launching Thursday. Here are the details for investors. New ETF The Roundhill IO Digital Infrastructure ETF is targeting growth opportunities in the digital infrastructure sector. “Digital infrastructure is comprised of the high-tech physical assets that support the efficient-storage and transmission of data, powering…
NYSE-Owner ICE’s Quarterly Profits Top Expectations, Shares Hit Record
October 29, 2021
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NEW YORK—Intercontinental Exchange Inc on Thursday reported a quarterly profit that topped Wall Street expectations, helped by strong gains in its mortgage technology business and robust demand for its interest rate and energy hedging products. The New York Stock Exchange owner earned $1.30 per share in the quarter ended Sept. 30, 8 cents above the…
Ford Motor Posts Stronger-Than-Expected Profit, Raises Full-Year Forecast
DETROIT—Ford Motor Co. on Wednesday reported a stronger-than-expected third-quarter profit and raised its full-year earnings forecast as strong demand for its trucks helped offset the hit from a global semiconductor shortage. Ford said increased availability of chips and higher wholesale vehicle shipments in the third quarter enabled it to post higher profit, revenue and cash…
Almost a Third of All US Cryptocurrency Holders Own Dogecoin: Survey
According to a recent survey done by the ‘Finder’, the adoption rate of Dogecoin in the United States is nearly double that of the rest of the world. Dogecoin’s adoption in the United States supersedes Bitcoin and Ethereum, with 30.6 percent of crypto owners saying they own Dogecoin. That’s 1.6 times the global average adoption…
Solid Earnings Nudge US Stocks Further Into Record Heights
Technology and health care companies helped push stocks higher on Wall Street Tuesday, nudging major indexes to new highs. The S&P 500 rose 0.2 percent and notched its second all-time high in two days. The Dow Jones Industrial Average rose less than 0.1 percent, good enough for its third straight record high. The Nasdaq also…
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