Category: Street
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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…
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Retail sales soar past Wall Street estimates in July
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Retail sales beat Wall Street estimates in July, helping ease concerns about a major slowdown in the U.S. economy. Retail sales rose 1% in July. Economists had expected a 0.4% increase in spending, according to Bloomberg data. Meanwhile, retail sales in June were revised down to a 0.2% decline, from…
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Stocks wobble as Wall Street looks to end volatile week on high note
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U.S. stocks fell at the open on Friday, as Wall Street looked to end a volatile week on a positive note. The S&P 500 (^GSPC) fell 0.1%, while the Nasdaq Composite (^IXIC) fell 0.2%. The Dow Jones Industrial Average (^DJI) fell 0.2%. Markets are approaching the end of the most…
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Warner Bros. Discovery tanks after massive impairment charge, Wall Street says ‘unlikely’ things can get worse
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Warner Bros. Discovery (WBD) shares fell about 12% in early trading Thursday after the company reported disappointing second-quarter earnings on Wednesday that missed expectations on both the top and bottom lines. The company took a massive $9.1 billion impairment charge related to its television networks unit following the loss of…
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Wall Street eyes Instacart’s market trajectory By Investing.com
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In the dynamic online grocery sector, Maple Bear Inc., trading under the symbol EXCHANGE:CART, continues to attract the attention of Wall Street analysts. The company’s recent performance and strategic initiatives have led to updated forecasts and price targets from financial experts, reflecting confidence in its growth trajectory and market position.…
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1 Historically Cheap Vanguard Index Fund to Buy Before It Soars 40%, According to a Wall Street Analyst
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Small Cap Companies Russell 2000 It rose 10.4% in July, while large-cap stocks rose. Standard & Poor’s 500 (SNPINDEX: ^GSPC) It has been trading mostly sideways during the month. The last time the Russell 2000 outperformed the S&P 500 by a significant margin during any month was February 2000, according…
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Research Firm Says Wall Street Doesn’t Understand Ethereum As Outflows Plague Spot ETFs
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the Ethereum ETFs The start was not entirely ideal, as these funds saw mixed inflows in their first three days of trading. Cryptocurrency research firm 10x Research He provided some answers as to why. Institutional Investors They are not very excited about this money. Wall Street Doesn’t Fully Understand ETH…
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Tech Giants’ Earnings Disappoint. Wall Street Ends Deep Red
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U.S. stocks fell on Wednesday, led by a selloff in technology stocks after disappointing earnings reports from Alphabet Inc., the parent company of Google, and electric carmaker Tesla Inc. The weak start to the earnings season for major companies raised concerns about the recent surge in stock prices driven by…
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Wall Street Expert Sees 20x Potential In Ripple Via XRP And IPO
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at recent days Power pointLinda B. Jones, a former Wall Street financial expert and author of “3 Steps to Quantum Wealth: A Rich Heiress’s Guide to Financial Freedom Through Cryptocurrency Investing,” outlined her bullish outlook for Ripple, drawing on a valuation comparison with Coinbase and the potential of XRP. Why…