Author: Anthony M. Orbison

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…

By Pranav Kashyap (Reuters) -European shares retreated from record highs touched earlier on Friday, as caution prevailed ahead of a crucial U.S. data, although gains in Moncler and luxury stocks capped further downside in prices. The pan-European index held its ground at 526.32 points. The benchmark index hit an all-time high of 526.72 points earlier in the session, and is set to log its best week in more than a month, if gains hold. Investors might be questioning is there enough momentum to go higher after touching those record highs, said Daniela Hathorn, senior market analyst at Capital.com. “We may…

A decentralized finance (DeFi) project and an Ethereum (ETH) layer-2 blockchain are both surging after abruptly gaining support from Coinbase. In a new set of announcements, top US-based crypto exchange platform Coinbase says it’s adding DeFi platform Moonwell (WELL) and ZKsync (ZK), an Ethereum scaling solution, to its suite of products. According to Coinbase, customers can now buy, sell, covert, send, receive, or store WELL and ZK starting today. News of the listings sent both WELL and ZK flying, as the duo of assets saw respective gains of 31.22% and 4.21% on the day. WELL is trading for $0.0389 at…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shigeru Ishiba will become the next prime minister of Japan after winning the presidency of the ruling Liberal Democratic party in a closely contested run-off vote on Friday.As president of the LDP the 67-year-old former defence and agriculture minister, who has challenged for the leadership of his party five times, will succeed Fumio Kishida after a parliamentary vote on October 1.Ishiba’s victory followed a highly unusual LDP leadership race contested by a record nine candidates. The competition was intensified by the party’s…

It’s been a bit more than a week since the Federal Reserve cut its key interest rate for the first time in two years. And . . . mortgage rates haven’t changed much. In fact, they’ve been rising. But only a little. Related: Here’s why stocks are soaring and the surprise autumn rally has room to runWhen the Fed cut its key federal funds rate from 5.25%-to-5.5% to 4.75% to 5% on Sept. 18, anyone involved in housing was as excited as could be. The national rate on a 30-year mortgage had already made a decisive move falling below 7% after surging to as…