US stock futures rose on Thursday as investors bought back into technology shares after a sharp sell-off sparked by the Federal Reserve’s tougher inflation message. Nasdaq 100 contracts led the rebound, supported by renewed interest in chip names after President Donald Trump said Apple would work with Intel on domestic chip design and production. The
Britain’s main stock indexes moved lower on Thursday, weighed down by losses in financial and materials stocks as investors awaited the Bank of England’s interest rate decision and continued to assess the US Federal Reserve’s policy outlook. The Bank of England is widely expected to leave interest rates unchanged at 3.75% later in the day.
Shares of memory and storage companies climbed in premarket trading on Thursday after Apple Chief Executive Tim Cook warned that soaring memory and storage chip prices could force the iPhone maker to raise product prices. Micron Technology (MU) rose about 4.7% before the opening bell, while Sandisk gained 4.4%. Seagate Technology advanced around 4% and
Hyperliquid’s HYPE token has reclaimed the $70 mark after dropping to the $68 level on Wednesday. The slight decline comes two days after Hyperliquid hit a new all-time high of $76. The institutional inflow suggests that buying pressure for Hyperliquid persists, which could push its price higher in the near term. ETF demand continues to
Bittensor’s TAO token slipped below the $250 mark on Thursday, recording its fourth consecutive day of losses as weakening retail interest and deteriorating market sentiment weigh on the AI-focused cryptocurrency. At the time of writing, TAO remains under pressure, with derivatives data showing a notable decline in trading activity and investor appetite. The token is
The Bank of England left its benchmark interest rate unchanged at 3.75% in June, maintaining its cautious stance amid ongoing uncertainty surrounding inflationary pressures linked to recent geopolitical developments. The central bank’s Monetary Policy Committee voted 7-2 in favour of keeping rates on hold. External MPC member Megan Greene and Chief Economist Huw Pill dissented,
Pi Network’s PI token is trading around $0.1300 on Thursday, down by 1% in the last 24 hours as the broader cryptocurrency market struggled to sustain a recovery. The token remains under pressure as recurring spikes in long liquidations and cautious investor sentiment weigh on the market. Technically, PI risks invalidating a recent bullish breakout
Shares of consulting and technology services giant Accenture plunged 14% in premarket trading on Thursday after the company lowered the top end of its annual revenue growth forecast, underscoring concerns that businesses remain cautious about spending on discretionary technology projects. The company now expects annual revenue growth of 3% to 4%, compared with its earlier
The number of Americans filing new applications for unemployment benefits fell last week, indicating that layoffs remain low and that the US labour market continues to show resilience despite broader economic uncertainties. Initial claims for state unemployment benefits dropped by 4,000 to a seasonally adjusted 226,000 for the week ended June 13, the Labor Department
US stocks opened higher on Thursday as investors looked to recover from the previous session’s selloff, with optimism surrounding a temporary US-Iran peace agreement helping offset concerns about a more hawkish Federal Reserve under new Chair Kevin Warsh. The Dow Jones Industrial Average rose about 349 points, or 0.68%, while the S&P 500 gained 1.03%.