(Bloomberg) — Most Asian stocks rose early Monday after U.S. shares rallied to an all-time high on corporate earnings, though traders are also mulling China’s technology-sector crackdown and an upcoming Federal Reserve meeting. Japan jumped after reopening from a two-day holiday, Australia edged up and South Korea fluctuated. Futures slid in Hong Kong, where an index offering exposure to China’s internet giants is the world’s worst-performing major tech gauge. Beijing’s latest… Source link
Read More »Facing antitrust bull’s-eye, Google stock still at record highs because ad sales are sizzling
Alphabet Inc. is the most vulnerable Big Tech company on the regulatory front, but don’t expect that to matter when the search giant reports second-quarter financial results Tuesday. The leading digital advertising company and Google GOOGL, +3.58% GOOG, +3.37% parent company faces at least five government antitrust lawsuits, primarily for its dominance in the search market. And that dominance, to no one’s surprise,… Source link
Read More »US STOCKS-S&P 500, Nasdaq hit record highs on megacaps, earnings strength
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Social media stocks rally after upbeat results * AmEx jumps on blowout Q2 profit * Intel sales forecast implies rocky second half * Indexes up: Dow 0.51%, S&P 0.77%, Nasdaq 0.80% (Adds comments, updates prices to early afternoon) By Devik Jain and Shreyashi Sanyal July 23 (Reuters) – The S&P 500 and Nasdaq indexes hit record highs on Friday and were on… Source link
Read More »Stock futures trade flat after indexes set record highs
U.S. stock futures hugged the flat line Monday evening after a record-setting session, with the prospect of strong earnings results helping fuel a rise to all-time highs for the major equity indexes. Each of the S&P 500, Dow and Nasdaq ended the session at record closing levels. The financial sector outperformed with big banks poised to be the first major companies out the gate to report second-quarter results, with JPMorgan Chase (JPM) and Goldman Sachs (GS) reports on deck Tuesday morning…. Source link
Read More »Bitcoin Miner Profitability Could Double After Record Drop in Network Difficulty
Active bitcoin miners may see their profitability double following the 28% downward difficulty adjustment in mining on July 3, according to several mining sites. The North American hash spread – an index invented by digital asset financial services platform BitOoda to measure the difference between bitcoin mining revenue per megawatt-hour and the cost of the needed power – has almost doubled to $449 from $225. “Mining economics have improved significantly,” Sam Doctor, chief… Source link
Read More »Dow, S&P 500, Nasdaq set fresh record highs after June payrolls beat estimates
Stock futures drifted sideways on Tuesday to hold near record levels, as traders prepared to return to a relatively sanguine session following a holiday weekend in the U.S. Contracts on the S&P 500, Dow and Nasdaq hugged the flat line. Each of the major indexes jumped to fresh record highs on Friday, propelled by a June jobs report that reflected a healthy pace of recovery in the labor market but that did not suggest an overheating economy. Oil prices climbed amid a breakdown in… Source link
Read More »Karsten Warholm breaks 400m hurdles world record
Karsten Warholm made history on Thursday. (Photo by ANNIKA BYRDE/NTB/AFP via Getty Images) The men’s 400-meter hurdles officially has an Olympic favorite. And a new world record-holder. Karsten Warholm, a 25-year-old Norwegian hurdler, clocked a 46.70-second time in the 400m hurdles at a Diamond League meet in Oslo on Thursday to break a 29-year-world record, according to NBC Sports. The record was previously held by American Kevin Young, who ran a 46.78 at the 1992 Olympics in Barcelona. The… Source link
Read More »Stock futures add to record levels, Dow gains after Nike results beat
Stock futures rose Friday morning to add to gains from a record-setting session, with traders hoping that a bipartisan infrastructure deal would help further stoke economic activity. Contracts on the S&P 500 and Nasdaq gained after both indexes set record intraday and closing highs during the regular trading day on Thursday. Dow component Nike (NKE) jumped 12.5% in early trading after posting quarterly sales growth that rebounding across all major regions. Meanwhile, FedEx (FDX) shares sank… Source link
Read More »Tennessee’s Keon Johnson sets vertical jump record
The NBA has been blessed with some spectacular athletes over the years, but none of them jump quite like Keon Johnson. The Tennessee guard, considered a potential top-10 pick, made NBA history more than a month before the draft on Wednesday when he recorded a 48-inch max vertical jump at the NBA scouting combine. That leap is the highest the event has ever seen by 2.5 inches, exceeding Kansas’ Kenny Gregory’s 45.5 inches set in 2001. Here’s how it looked: To give you some perspective on how… Source link
Read More »US STOCKS-Tesla lifts Nasdaq to record high
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Tesla rallies after opening solar charging station * Retail darlings Alfi, Torchlight extend declines * Indexes: Dow -0.07%, S&P 500 +0.07%, Nasdaq +0.21% (Adds detail on stock moves, comment from investor) By Noel Randewich and Devik Jain June 23 (Reuters) – The Nasdaq rose to an all-time high on Wednesday, fueled by a rally in Tesla Inc, with investors… Source link
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