An ether cryptocurrency coin in seen in this photo. Jaap Arriens | Nurphoto | Getty Images Ether exchange-traded funds officially began trading in the U.S. on Tuesday, putting the world’s second-largest crypto currency in a vehicle favored by many professional investors and advisors. The new funds come from traditional fund issuers such as BlackRock and … Read more
An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Brandon Bell | Getty Images News | Getty Images Crude oil futures on Tuesday dropped to the lowest level in more than a month, as the market has largely ignored recent tit-for-tat strikes between Israel and Houthi militants in … Read more
My top 10 things to watch Tuesday, July 23 1. Several key earnings reports before the bell: General Motors posted big numbers , beating Wall Street’s expectations for the second quarter, and raised its financial targets for the rest of the year. United Parcel Service missed profit and sales estimates and lowered its guidance . … Read more
An Airbus A321-XLR takes part in an air display on the opening day of the Farnborough International Airshow 2024, south west of London, on July 22, 2024. Justin Tallis | Afp | Getty Images FARNBOROUGH, England – The Farnborough Air Show generated deals worth £39.3 billion ($50.8 billion) across its first day, the organizers of … Read more
Coca-Cola on Tuesday raised its full-year outlook as global demand for its drinks rose in the second quarter. For 2024, Coke now expects organic revenue growth of 9% to 10%, up from its prior forecast of 8% to 9%. The company also raised its outlook for comparable earnings growth to a range of 5% to … Read more
Shortly after the opening bell, we will be selling 195 shares of Estee Lauder at roughly $99.05. Following the trade, Jim Cramer’s Charitable Trust will own 330 shares of EL, decreasing its weighting to about 1% from roughly 1.6%. We’ve locked in big gains this month in a bunch of winners in Meta Platforms , … Read more
CrowdStrike’s dramatic setback could be Palo Alto’s gain. The software update by CrowdStrike last week caused one of the largest IT blackouts in history, disrupting computers and technology systems worldwide and hammering the cybersecurity company’s reputation. While the risk of CrowdStrike losing existing customers is low, the outage may have an impact on new customer … Read more
Representation of Ethereum, with its native cryptocurrency ether. Dado Ruvic | Reuters The U.S. Securities and Exchange Commission appears to have given the green light for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency. Trading is expected to begin as soon as Tuesday. Several fund issuers submitted additional registration statements Monday afternoon, and exchanges … Read more
A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Ed Jones | Afp | Getty Images Asia-Pacific markets are set to open higher on Tuesday, tracking gains on Wall Street. Futures for Australia’s S&P/ASX 200 stood at 7,956, slightly higher than the index’s last close of 7,931.7. … Read more
Longer-dated U.S. Treasury yields ticked higher on Monday as investors awaited key economic data slated for the week and markets considered the latest U.S. political developments. The 10-year Treasury was up about 2 basis points to about 4.26%. The 2-year Treasury yield was up more than 1 basis point to 4.52%, while the 30-year was … Read more
