Fed minutes, Threads unveiling, Yellen's China visit

4 Stocks With Unanimous Wall Street Support

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📚 Daily Digest  |  Thursday, Jul 6, 2023     Fed minutes, Threads unveiling, Yellen's China visit - what's moving markets   © Reuters. Minutes from the Federal Reserve's latest meeting fuel expectations that the central bank will likely hike interest rates at its July gathering. Elsewhere, Meta launches its new social media platform Threads as chief executive Mark Zuckerberg takes aim at Elon Musk's Twitter, while Treasury Secretary Janet Yellen heads to China in a bid to ease tensions between Washington and Beijing. Read More     Today's Top News Stock Markets Meta shares pop after Threads launch; analysts see little near-term impact for stock Meta Platforms launched Threads, a direct competitor to Twitter, on Wednesday. The new service attracted millions of users in a matter of hours. META CEO Mark Zuckerberg said the app attracted 10 million sign-ups in seven hours. Economy U.S.'s Yellen to kick off China visit with both sides locked in confrontation U.S. Treasury Secretary Janet Yellen arrived in Beijing on Thursday to begin a four-day visit expected to focus on recalibrating ties between the world's two largest economies, although both sides have low expectations for the outcome. Cryptocurrencies Bitcoin hits 13-month high Bitcoin hit its highest level in 13 months on Thursday rising as much as 3.28% to $31,500. Commodities Oil steadies as market digests supply and demand outlook Oil prices were little changed on Thursday as the market digested tighter crude supply alongside fears of global economic slowdown. Stock Markets 4 big analyst picks: Rivian upgraded to Neutral, stock gains on positive headlines Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Rivian Automotive, Advanced Micro Devices, Transocean, and Simon Property Group. InvestingPro subscribers got this news first. Never miss another market-moving headline. Read More News » Today's Top Analysis     Jul 6, 2023 by Ismael De La Cruz 4 Stocks With Unanimous Wall Street Support   by Ismael De La Cruz  |   Jul 6, 2023   Jul 6, 2023 by Barani Krishnan Piping-Hot Cocoa Seeks 12-Year High, but Bears on Prowl Too   by Barani Krishnan  |   Jul 6, 2023   Jul 6, 2023 by Ellen R. Wald, Ph.D 3 Takeaways From the OPEC Seminar Every Oil Trader Should Pay Attention to   by Ellen R. Wald, Ph.D  |   Jul 6, 2023   Jul 6, 2023 by  Tim Knight Powell Set to Make One of the Biggest Policy Mistakes in Fed History   by  Tim Knight  |   Jul 6, 2023 Read More Analysis »

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