ADVFN US – Market Content Editor
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Goldman Sachs Cuts Q2 2026 Oil Price Forecasts After U.S.–Iran Ceasefire
Goldman Sachs has reduced its projections for oil prices in the second quarter of 2026 following the announcement of a two-week ceasefire agreement between the United States and Iran. In a note released late Wednesday, the bank lowered its expected averages for Brent crude to $90 per barrel and U.S. crude to $87 per barrel.…
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Mixed CPI Report, Geopolitical Jitters Cap Wall Street’s Best Week Since May
U.S. stocks closed mixed on Friday as a complicated inflation report and a plunge in consumer sentiment took the shine off what had been Wall Street’s strongest weekly rally in nearly a year. The Dow Jones Industrial Average and S&P 500 slipped into the red by the closing bell, while the tech-heavy Nasdaq Composite eked…
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K Wave Media Strikes Global HYBE Deal Covering BTS and Major K-Pop Acts, Targets $100M+ Revenue
K Wave Media Ltd. (NASDAQ:KWM) has signed an exclusive global distribution agreement with HYBE, covering video and print merchandise tied to 2026 concert activities for leading K-pop artists including BTS, SEVENTEEN, and LE SSERAFIM, the company said in a filing with the U.S. Securities and Exchange Commission. The agreement, executed through KWM’s subsidiary Play Company…
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One and One Green Technologies Secures $13M in Follow-On Offering
One and One Green Technologies Inc. (NASDAQ:YDDL) has entered into a securities purchase agreement with two institutional investors for a follow-on offering, according to a company announcement. The firm plans to issue 1,733,334 units priced at $7.50 each. Every unit includes one Class A ordinary share along with a warrant to purchase one and a…
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Erayak Shifts Strategy Toward U.S.-Centric Energy Solutions Business
Erayak Power Solution Group Inc. (NASDAQ:RAYA) has unveiled a strategic overhaul aimed at repositioning the company from a China-based manufacturer into a U.S.-focused research and development-driven energy solutions provider, according to a company announcement. As part of this transition, Erayak carried out a market research tour across key U.S. states including California, Arizona, Texas, Florida,…
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Morgan Stanley: AI Impact on Labor Market Still Modest
Morgan Stanley said this week that artificial intelligence is beginning to influence labor markets, but the overall impact remains limited, based on findings from its newly released AI disruption tracker. The bank analyzed a range of occupations and industries categorized by their level of exposure to AI. While unemployment rates in roles with higher AI…
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Shake Shack Shares Rise Following Mizuho Upgrade
Shares of Shake Shack (NYSE:SHAK) climbed 3.3% on Friday after Mizuho analyst Nick Setyan upgraded the stock to Outperform from Neutral and raised the price target to $120 from $100. The upgrade reflects expectations of stronger-than-anticipated same-store sales growth in the first quarter. “Our checks point to Q1 SSS growth upside, with drivers in place…
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Nutanix Shares Dip After JPMorgan Downgrade on Macro Concerns
Shares of Nutanix Inc (NASDAQ:NTNX) slipped nearly 2% in premarket trading on Friday after JPMorgan Chase & Co lowered its rating on the stock. JPMorgan downgraded Nutanix to “neutral” from “overweight” and reduced its price target to $44 from $55. The bank cited expectations of a more volatile macroeconomic backdrop in the second half of…
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Angel Studios Shares Slide on Discounted Stock Offering
Shares of Angel Studios (NYSE:ANGX) dropped 23% on Friday after the company announced pricing for a $30 million public equity offering at a notable discount to its prior closing level. The media and technology firm is issuing 14.3 million Class A common shares at $2.10 each, representing a 27% discount to Thursday’s closing price of…
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Snap Shares Edge Higher on Qualcomm Smart Glasses Partnership
Shares of Snap Inc. (NYSE:SNAP) rose 1% on Friday morning after the company unveiled a multi-year strategic partnership with Qualcomm Technologies (NASDAQ:QCOM) to support upcoming generations of its Specs smart glasses using Snapdragon system-on-a-chip technology. The deal represents the first major initiative for Specs Inc., Snap’s subsidiary focused on next-generation consumer eyewear set to launch…