ADVFN US – Market Content Editor
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Drone Sector Soars as Pentagon Pushes for Expanded Production
Stocks linked to drone technology surged in premarket trading Friday after reports emerged that U.S. Defense Secretary Pete Hegseth has ordered a sharp escalation in drone manufacturing and deployment. As reported by Fox News, Hegseth has authorized military leaders to fast-track the acquisition and testing of both commercially available drones and 3D-printed prototypes. The move…
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Dollar edges up on fresh U.S. tariffs; pound pressured by weak UK growth data
The U.S. dollar gained ground on Friday as President Donald Trump’s latest tariff measures sparked demand for the greenback as a safe haven. Meanwhile, sterling weakened following disappointing UK economic data. By 04:55 ET (08:55 GMT), the Dollar Index, which tracks the currency against a basket of six others, rose 0.2% to 97.500, poised for…
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Markets react to Canadian tariffs, Nvidia’s valuation surge, and Bitcoin’s record rally
U.S. stock futures declined on Friday following President Donald Trump’s announcement of new tariffs targeting Canadian imports, sparking fears that other trade partners could soon face similar measures, which added pressure on global trade sentiment. At the same time, Nvidia (NASDAQ:NVDA) achieved a historic market valuation exceeding $4 trillion, while Bitcoin climbed to unprecedented levels.…
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BP Projects Higher Production and Strong Trading, Weighed Down by Softer Energy Prices
BP (NYSE:BP) announced on Friday that it expects increased oil output and solid trading results for Q2, although weaker price realizations in its upstream operations may dampen overall earnings. Shares rose 2.2% by 03:48 ET . Upstream production is forecasted to rise compared to Q1, primarily driven by higher oil volumes, especially from BPX Energy.…
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Levi Strauss Shares Soar After Q2 Results Beat and Upgraded Full-Year Guidance
Levi Strauss & Co (NYSE:LEVI) exceeded expectations in its second-quarter earnings report, fueled by robust consumer demand, and lifted its profit forecast for the full year. Shares surged about 7% in premarket trading on Friday by 04:27 ET (08:27 GMT). The iconic denim brand reported Q2 earnings per share of 22 cents, well above the…
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Bitcoin Breaks Through $118K as ETF Momentum and Political Support Fuel Rally
Bitcoin (COIN:BTCUSD) extended its rally into Friday, reaching a new historic high above $118,000, as strong demand for crypto ETFs and pro-crypto signals from U.S. leadership reignited investor enthusiasm. As of 01:54 ET, Bitcoin was trading at $118,310.80, up 6.1% on the day, putting it on course for a third consecutive weekly gain. ETF Inflows…
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Gold Recovers as Tariff Concerns and Geopolitical Tensions Lift Safe-Haven Demand; Silver, Platinum Outperform
Gold prices edged higher during Friday’s Asian session as investor appetite for safe-haven assets returned, driven by renewed trade tensions and instability in the Middle East. The gains followed several sessions of decline, though gold continues to underperform compared to silver and platinum, which are both seeing stronger momentum. Despite a firm U.S. dollar—which is…
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Oil Prices Edge Higher as Traders Balance Tariff Tensions and OPEC+ Signals
Oil prices nudged higher in early Friday trading in Asia, partially recovering from Thursday’s sharp decline as markets processed the potential fallout from escalating U.S. trade actions and shifting signals from OPEC+ regarding future supply plans. By 01:47 GMT (21:47 ET), Brent crude futures for September delivery had risen 0.5% to $69.01 per barrel, while…
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Markets Today: Canadian Tariffs, Nvidia’s $4T Milestone, Bitcoin’s Surge
U.S. stock futures fell Friday as renewed trade tensions rattled investor sentiment. President Trump’s announcement of steep new tariffs on Canadian imports sparked concerns over broader protectionist measures. Meanwhile, Nvidia hit a historic $4 trillion valuation, and Bitcoin soared to fresh record highs amid growing institutional interest. 1. Trump Slaps 35% Tariff on Canadian Imports…
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Markets Today: S&P 500, Nasdaq Close at Record Highs on AI-Fueled Chip Rally
The S&P 500 and Nasdaq reached fresh record highs on Thursday, powered by continued strength in chip stocks as optimism over AI-driven demand overshadowed concerns about escalating tariffs. As of 2:07 p.m. ET, the Dow Jones Industrial Average rose 190 points (0.2%), while the S&P 500 gained 0.3% to close at a new high of…