Market News S&P 500 and Nasdaq composite finished a shade lower on Thursday ahead of a key labor market report, retreating from record highs reached in the previous session. The Dow was slightly higher, closing 78 points higher at 38,886.Investors will watch Friday’s crucial U.S. nonfarm payrolls report. The weekly jobless claims report was the…
Get Email Alerts and Follow Us: Chinese tech giants, like ByteDance, are circumventing U.S. government restrictions on advanced AI chips by renting these chips for use on U.S. soil. The U.S. has restricted direct sales of Nvidia‘s A100 and H100 AI chips to Chinese companies due to national security concerns, but renting these chips within…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Memecoins are heating up, with Dogecoin reversing its losses, PEPE seeing bullish action, and Raboo gaining investor attention as its presale hits Stage 4. Memecoins are about to switch the action a bit, and…
June S&P E-mini futures: Inflation is coming down and the Fed is unlikely to tighten any more. My long-standing 5400 target has nearly been reached but may well prove too conservative. The 6000 level seems a better bet by the end of the year. QQQ: Support is now 445. Next resistance is 466. TNX (ten…
HongKong, China, June 7th, 2024, Chainwire BEVM has announced a new incentive program, the BEVM Visionary Builders (BVB), following its recent partnership with Binance wallet for an airdrop event. Introduction to BEVM Visionary Builders Launched by BEVM, the “Visionary Builders” ecosystem incentive program aims to promote the development of 17 tracks, including DEXs, lending, stablecoins,…
SVET Markets Weekly Update – June 3rd–7th, 2024 On Week 16, markets were mixed as investors grappled with conflicting economic data, political events, and concerns about potential interest rate changes and economic slowdown. The week began with stocks declining marginally as lower-than-expected PMI data pointed to a manufacturing slowdown, raising fears of a weakening economy….
Thursday’s Movers: It’s always nice to close out the final report of the week by relaying a fantastic Thursday performance. We made good on every potential options trading idea in our premarket report. It was a good mix of four possible plays, and all four of them recorded respectable intraday upswings. We had the LULU Weekly $332.50-340…
The Hong Kong Monetary Authority (HKMA) has issued an alert regarding a fraudulent website and internet banking login screen related to China CITIC Bank International Limited. This warning aims to protect the public from potential financial scams, as highlighted in a recent press release from the bank. Fraudulent Website and…
Over the past few years, Crypto has established itself as a notable player in the financial markets contending for a position in several investors’ portfolios. However, for those who are new to investing in the crypto market, grasping the current state of the industry and making informed choices can be quite an uphill task. To…
After announcing their first quarter 2024 earnings results, shares of NIO Inc. NYSE: NIO are now falling by as much as 7% in the day’s trading session. Despite the negative media surrounding Chinese stocks and some disappointing figures for NIO recently, this event could mark the start of a bottoming for the stock and maybe…