The U.S. stock index futures market showed relative stability on Wednesday, with minimal fluctuations in key indices such as the Dow Jones, S&P 500, and Nasdaq 100. Despite the calm trading environment, investors were eagerly awaiting the release of the monthly consumer price index (CPI) to gain insights into the Federal Reserve’s future monetary policy
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Tesla, the renowned electric vehicle company, is currently facing a lawsuit from the nonprofit Environmental Democracy Project. The lawsuit alleges that Tesla has been consistently failing to comply with the Clean Air Act at its assembly plant in Fremont, California. According to the environmental group, Tesla has violated the law hundreds of times since January
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A recent congressional trade report has shed light on an investment made by Scott H. Peters, a congress member representing California’s 50th congressional district. The transaction, which occurred on April 3, 2024, involved an investment in U.S Treasury Notes (NYSE:GS). According to the report filed with the Clerk of the House of Representatives on April
As Broadway’s spring season progresses, it is evident that the Tony season box office ranking is starting to take shape. The strongest newcomers are holding their ground, with repeat sell-outs like An Enemy of the People, Cabaret at the Kit Kat Club, and Hell’s Kitchen leading the pack. These shows, along with The Outsiders and
AMC Entertainment, alongside GameStop, experienced a surge in its stock price after Keith Gill, also known as “Roaring Kitty,” reappeared online after a three-year hiatus. This resurgence led to AMC shares more than doubling since Friday’s closing price, reaching over $6 during afternoon trading on Tuesday. The last time retail investors rallied around AMC, the
The sudden surge in meme stocks like GameStop and AMC, with increases of over 65% and 70% respectively, raises concerns about market volatility. The return of “Roaring Kitty” after three years triggered the latest frenzy, showcasing the power of online influencers in driving stock prices. However, the sustainability of these gains remains questionable, as such
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In the first quarter of 2024, U.S. crypto exchange Coinbase reported a total of $56 billion in consumer trading volumes. This period coincided with bitcoin reaching record highs of close to $74,000. However, this figure pales in comparison to the $133.75 billion quarterly average seen during the 2021 rally, indicating a shift in retail trader
The Federal Reserve is currently under scrutiny as market experts debate the potential for rate cuts in the year 2024. Some believe that the Fed will implement two rate cuts, with the first one starting in September. However, if the inflation data does not show significant improvement by September, there might not be any rate