Category: Street
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Harris gets Wall Street cash while Musk, crypto back Trump
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Donors from Wall Street, Silicon Valley and Hollywood helped boost donations to Vice President Kamala Harris in August, helping Democrats build a $109 million cash advantage over Republican Donald Trump ahead of the most expensive period of the presidential election, the latest filings with the Federal Election Commission show. While…
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Nvidia gets a new bull on Wall Street as William Blair starts at buy By Investing.com
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NVIDIA (NVDA) made a fresh surge on Wall Street as William Blair initiated coverage of the stock with an Outperform rating, citing the company’s leadership in parallel computing and its dominant position in the artificial intelligence industry. According to the company, “Nvidia (NASDAQ:) has a long and rich history of…
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Resist the temptation of AI and bet on safe defensive stocks, Wall Street analysts say
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Spencer Platt/Getty Images More analysts are recommending “defensive” stocks over AI stocks as macro conditions change. Utilities, a classic defensive sector, are moving to compete with technology companies. Investors could benefit from non-tech growth companies, one analyst said, as some question the rising price of artificial intelligence. Defensive recommendations have…
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Wall Street Says Buy One and Sell the Other
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Consulting firm PwC estimates that AI will contribute more than $15 trillion to the global economy by 2030. Investors hoping to benefit are looking to invest in AI stocks, Nvidia (NASDAQ: NVDA) and Palantir Technologies (NYSE: PLTR) They were two of the most popular choices. In the past two years,…
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Wall Street advances as traders’ bets rise for bigger Fed rate cut By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes ended higher on Friday as investors focused on the chance of further interest rate cuts by the Federal Reserve next week, with interest-rate-sensitive small-cap stocks outperforming. Bets on the size of the Fed rate cut were mixed, and…
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S&P soars to best week of 2024 as Wall Street gears up for anticipated interest rate cuts
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S&P 500 (SP500) Friday Up 4.02% The index ended the week at 5,626.02 points, posting gains in all five sessions. SPDR S&P 500 ETF Trust (New York: Spy) Up 4.01% For this week. Bulls returned to Wall Street this week, helping The index rose from its previous levels. Worst week…
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NYC bills propose sign marking Wall Street as first slave market, along with reparations study
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New York City lawmakers on Thursday approved a bill to study the city’s significant role in slavery and consider providing reparations to descendants of enslaved people. If the package of bills passed by the City Council is signed into law, it would follow in the footsteps of many other municipalities…
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Wall Street Journal Fed watcher asks on FOMC rate cut next week – Start small or big?
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Nick Timiraos in magazine (Closed) Writes about the Federal Reserve’s questions about whether it should cut interest rates by the traditional 0.25 percentage point or by a larger 0.5 percentage point at next week’s meeting. He says: Powell kept all his options open. The Fed is concerned about keeping interest…
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Wall Street indexes close up; data keeps smaller Fed rate cut in view By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes closed higher on Thursday after the latest inflation data boosted expectations for a 25 basis point interest rate cut by the U.S. Federal Reserve, while accident (NASDAQ:) Weak revenue expectations made it the biggest percentage loser. The producer…
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Bitcoin Under Pressure: State Street And Galaxy Roll Out Three New Crypto-Focused ETFs
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State Street Global Advisors and Galaxy Asset Management announced Tuesday the launch of three new cryptocurrency-focused exchange-traded funds (ETFs). The move comes as investors pull back from spot bitcoin funds, reflecting a sense of fear in the market. Actively Managed Crypto ETFs According to The newly launched exchange-traded funds include…
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Shekel sharply weaker in wake of Wall Street falls
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The shekel is falling sharply today against the US dollar and the euro. In interbank trading late in the afternoon, the shekel rose against the dollar by 1.26% to NIS 3.717/USD, and the shekel rose against the euro by 1.35% to NIS 4.107/EUR. Yesterday, the Bank of Israel set the…
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Wall Street stocks fall; jobs data feeds uncertainty about rate cuts By Reuters
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By Chibuike Ojoh NEW YORK (Reuters) – U.S. stocks fell on Friday, pressured by a jobs report that showed the labor market remained sluggish but left traders uncertain about how far the Federal Reserve will go in cutting interest rates. All three major indices fell, with all 11 sectors of…
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Wall Street stocks fall; jobs data feeds uncertainty about rate cuts By Reuters
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By Chibuike Ojoh NEW YORK (Reuters) – U.S. stocks fell on Friday, pressured by a jobs report that showed the labor market remained sluggish but left traders uncertain about how far the Federal Reserve will go in cutting interest rates. All three major indices fell, with all 11 sectors of…
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Wall Street analysts increasingly bullish on Nio stock after a 50% YTD drop By Investing.com
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Investing.com – Despite NIO Inc (NYSE:) (HK:) seeing a sharp 50% decline since the beginning of the year, Wall Street analysts are increasingly optimistic about the company’s future prospects. Both Jefferies and Citi Research expressed confidence in Nio’s ability to recover, pointing to a series of upcoming catalysts that could…
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Bitwise Brings The Bitcoin Ethos To Wall Street
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Company Name: Bitwise Asset Management Founders: Hong Kim and Hunter Horsley Date of establishment: December 2016 Headquarter Location: San Francisco, California and New York, New York Amount of Bitcoin in the vault: Undeclared Number of employees: 65 Website: https://bitwiseinvestments.com/ Public or private? private In 2016, Hong Kim and his co-founder…
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2 Growth Stocks to Buy Now, According to Wall Street
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the Nasdaq Composite (NASDAQ: ^IXIC) The Nasdaq Composite closed in correction territory on Aug. 2 for the first time since early 2022. The decline was driven by a disappointing jobs report that hinted at a weakening economy. However, the growth-focused index has since rebounded 4%, and history suggests it could…
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Wall Street climbs as investors focus on Nvidia results By Reuters
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By Noel Randwick (Reuters) – Technology stocks rose on Tuesday in mixed trading ahead of a highly anticipated quarterly report from Nvidia Corp on Wednesday and economic data expected later in the week. The benchmark S&P 500 and Nasdaq swung between gains and losses, with focus on results due Wednesday…
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Wall Street Braces for ‘Reality Check’ From Powell: Markets Wrap
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(Bloomberg) — Bond yields rose and stocks fell as traders bet that Jerome Powell will pour cold water on market expectations for a sharp interest-rate cut this year. Most Read from Bloomberg Treasury yields rose across the curve, led by shorter maturities. The dollar also gained. The S&P 500 lost…
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Pret A Manger leads high street coffee price hikes with 51% increase over five years, Greggs remains most affordable
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Pret A Manger has revealed it is the leading coffee chain with the biggest price increases over the past five years, with the cost of its most popular drinks rising by an average of 51%. According to research by Stocklytics, the price of Pret’s Americano coffee has seen the biggest…