Author: Anthony M. Orbison

The rally in US stocks hit pause before the bell on Friday as investors marked time ahead of an inflation report seen as crucial to the Federal Reserve’s next decision on interest-rate cuts.S&P 500 futures (ES=F) were little changed on the heels of ekeing out a third record-high close this week, while Dow Jones Industrial Average futures (YM=F) were similarly flat. Contracts on the tech-heavy Nasdaq 100 (NQ=F) fell 0.2%.The gauges are still on track for a weekly win as confidence in the economy returned to the market. A solid GDP reading cemented growing conviction that the Fed can nail…

Modern cars are often described as smartphones on wheels, and you cannot blame those who make that comparison. The inside of cars from modestly priced brands like Toyota and Subaru to posh Mercedes-Benzes feature large touchscreens that control easy-to-use software that can access a vast array of vehicle controls, connect to the internet, and even act as an extension of your smartphone.Related: Study: EV charging stations have a secret built-in business benefitSouth Korean automakers Hyundai and Kia know the importance of tech in their cars. For instance, Kia’s EV6 can be equipped with “Remote Smart Parking Assist,” which can help drivers park…

. Bitget Wallet has just introduced MemeX, a tool designed to make it easier for meme coin traders to discover coins with the potential for 100x gains. This new feature allows enthusiasts to find promising meme coins in real-time, using advanced filters to track and select coins based on liquidity, market cap, and trading volume. MemeX also comes with a 15-day challenge, offering a $25,000 prize for users who identify the most promising coins. Initially, it supports Solana and BNB Chain, with plans to expand to additional blockchain networks soon. A key feature of MemeX is its real-time coin discovery…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chinese equities have surged to their best week since 2008 after Beijing launched an economic stimulus package including a $114bn war chest to boost the stock market.The CSI 300 index of Shanghai- and Shenzhen-listed companies is up 15.7 per cent for the week in its best performance since November 2008, when China announced a similar stimulus package in response to the global financial crisis.The rally, which has also helped buoy European markets and industrial metals, comes as China’s leadership rushes to support…

Investing.com — US stock futures were broadly muted on Friday as investors awaited the release of a raft of economic data, including new consumer spending figures and the Federal Reserve’s preferred gauge of inflation. By 06:31 ET (10:31 GMT), the contract was mostly unchanged, had shed 5 points or 0.1%, and had edged down by 43 points or 0.2%. The benchmark posted its third record close this week on Thursday, adding 23 points or 0.4%. Underpinning the increase were figures showing that weekly jobless claims dropped by more than expected, while a final reading of US gross domestic product confirmed that…

ADA surged over 15% in the past week, with technical charts showing bullish reversal signals. Increasing active addresses and rising Open Interest indicate growing interest in ADA. Cardano [ADA] was experiencing a notable rebound in its price after a long period of correction earlier this year. Since hitting its highest peak this year above $0.77 in January, ADA went through a significant downtrend.  However, in the past week, the asset has surged over 15%, with an extension of this bullish trend in the last 24 hours, currently trading at $0.41, up by 2.6%. ADA’s potential upside This rise has caught…

Arm, the British semiconductor darling that has exploded in value this year, has reportedly tried to buy up a chunk of stuggling tech giant Intel in a sign companies are circling the ailing chipmaker. The group approached Intel about the prospect of buying up its product unit, Bloomberg reported citing someone with direct knowledge of the matter. However, Intel reportedly told Arm the unit wasn’t for sale. The high-level inquiry focused on Intel’s product group, which sells chips for personal computers, rather than the company’s manufacturing operations. A representative for Arm declined to comment. A representative for Intel didn’t immediately…

Google is making moves to strengthen its AI presence.At the recent Gemini at Work event, the company highlighted a 35-fold increase in the usage of its Gemini platform, a generative artificial intelligence chatbot. The event featured 185 AI integration examples across various enterprises, from healthcare providers to car makers to retailers. For example, Volkswagen  (VWAGY)  of America has integrated Google Cloud’s AI into its myVW mobile app, where drivers can explore their owners’ manuals and ask questions like “how to change a flat tire.” Google Cloud is gaining market shares.NurPhoto/Getty Images Snap  (SNAP)  has collaborated with Google Cloud, too. The…

Shiba Inu (SHIB) is one of the most popular and successful cryptocurrencies of the last four years. Since its launch in August 2020, till it hit an all-time high in October 2021, SHIB’s price rallied by many million percent. Early investors made millions of dollars in profits.While some believe that the SHIB boat has sailed and it is too late to make it big with the dog-themed cryptocurrency, others think there is still time to make massive returns.Also Read: Solana October 2024 Price Prediction: Can SOL Hit $200?In this article, we will discuss why SHIB could make you a millionaire…

(Bloomberg) — Stocks traded mixed at the end of a week that saw benchmarks in the US and Europe hit records amid optimism over central bank easing and stimulus from China. The yen swung to gains following Japanese election results.Most Read from BloombergEurope’s Stoxx 600 index edged higher, on track for its best weekly performance since mid-August after the pledges of economic support by China’s leaders drove up luxury and mining stocks. US futures ticked lower after the S&P 500 hit its 42nd closing record this year. The dollar and 10-year US Treasury yields traded flat.China’s daily announcements, coupled with…