ADVFN US – Market Content Editor
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Fortescue shares fall as China reportedly restricts iron ore shipments (FSUGY)
Shares of Fortescue Metals (USOTC:FSUGY) declined 1.1% to $19.03 on Thursday after reports indicated that Chinese authorities are restricting access to some of the company’s iron ore shipments. China tightens control over lower-grade iron ore imports According to Reuters, China Mineral Resources Group (CMRG), the state-owned company responsible for coordinating the country’s iron ore purchases,…
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Apple reportedly plans major iPhone expansion with five new models through 2027 (AAPL)
Apple (NASDAQ:AAPL) is preparing one of its most significant iPhone product rollouts in years, with plans to introduce at least five new models between the second half of 2026 and the first half of 2027, according to a report from Nikkei Asia. Apple shares rose 0.9% in premarket trading on Thursday following the report. Foldable…
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Adobe gains after HSBC upgrades stock, says AI concerns are overstated (ADBE)
Adobe Systems Incorporated (NASDAQ:ADBE) moved higher in premarket trading on Thursday after HSBC upgraded the software company to Buy from Hold, arguing that investor concerns over the impact of generative artificial intelligence on Adobe’s business have become overly pessimistic. Adobe shares rose 1.8% to $214.85 before the opening bell following the broker’s revised recommendation. HSBC…
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Nvidia launches revenue-sharing model to help AI startups access computing power (NVDA)
Nvidia (NASDAQ:NVDA) has unveiled a new initiative designed to help artificial intelligence startups gain access to high-performance computing infrastructure through a revenue-sharing and credit-support model. New partnership structure targets AI infrastructure costs Under the programme, AI cloud providers will deliver cloud services powered by Nvidia technology, allowing the chipmaker to generate revenue from hardware sales…
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Oil prices ease as hopes for progress in U.S.-Iran talks support supply outlook
Oil prices moved lower on Thursday as investors weighed improving prospects for crude supplies from the Middle East against the persistent geopolitical risks that continue to shape the energy market. At 08:20 GMT, Brent crude futures, the international benchmark, were down 0.7% at $71.10 a barrel, while U.S. West Texas Intermediate (WTI) crude futures also…
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U.S. jobs report takes centre stage as markets trade cautiously: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures moved lower on Thursday as investors adopted a cautious stance ahead of the closely watched U.S. employment report, while easing oil prices and renewed weakness in semiconductor stocks also influenced market sentiment. The monthly non-farm payrolls report is expected to provide fresh clues on the Federal Reserve’s next interest rate decisions, making…
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Stocks Slip to Start the Third Quarter as Fed Chair Warsh Offers No New Clues
U.S. stocks closed lower on Wednesday, giving back an early rally as investors weighed soft private-sector hiring data and a lack of fresh guidance from Federal Reserve Chair Kevin Warsh on the path of interest rates. The pullback came a day after major indexes wrapped up their strongest quarter since 2020, and traders spent the…
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CoreWeave and Nebius shares slide after Meta cloud expansion report (CRWV)
Meta’s reported plans weigh on AI infrastructure providers Shares of CoreWeave (NASDAQ:CRWV) and Nebius Group (NASDAQ:NBIS) fell more than 6% on Wednesday after a Bloomberg report suggested that Meta Platforms is preparing to expand into the cloud infrastructure market. The report indicated that Meta is exploring ways to commercialise its artificial intelligence infrastructure by offering…
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FMC shares surge after Tessenderlo agrees to acquire 20% stake (FMC)
Belgian group to invest $400 million in FMC Shares of FMC Corporation (NYSE:FMC) climbed more than 8% in pre-market trading on Wednesday after the agricultural sciences company announced that Tessenderlo Group (XBRU:TESB) will acquire a 20% equity stake in a transaction valued at approximately $400 million. Under the definitive agreement, Tessenderlo will purchase FMC shares…
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Oklo shares rise after DOE clears key reactor safety milestone (OKLO)
Safety approval advances Groves reactor toward startup Shares of Oklo Inc. (NYSE:OKLO) gained around 3.5% in pre-market trading on Wednesday after the U.S. Department of Energy approved the Documented Safety Analysis (DSA) for the company’s Groves Isotope Test Reactor in Texas under the DOE’s Reactor Pilot Program. The approval establishes the reactor’s final safety basis…