ADVFN US – Market Content Editor
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Jefferies Sees Signs of Softer iPhone 18 Demand in Resale Pricing
Jefferies said resale pricing for Apple’s (NASDAQ:AAPL) latest high-end iPhones in Hong Kong is below levels recorded for comparable models last year, which the broker said could indicate softer demand for the iPhone 18 Pro and Pro Max. According to the analysts, the iPhone 18 Pro was trading at discounts to Apple’s official pricing across…
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Citi Says Frontier AI Models Are Widening Lead Over Open-Weight Rivals
Citi said the capability gap between proprietary frontier artificial intelligence models and open-weight alternatives has begun widening following an earlier period of convergence. According to the firm, the highest AA Intelligence Index score among proprietary models increased to 58 from 53, while the highest score for open models rose to 46 from 44. That expanded…
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Bank of America Raises Long-Term Copper Forecast to $12,000 Per Ton
Bank of America has raised its long-term copper price forecast by 20% to $12,000 per ton, equivalent to $5.44 per pound in 2026 dollars, according to a commodities strategy update from the bank. The strategists attributed the revised forecast primarily to continuing supply constraints, which they said have contributed to copper’s recent price performance. The…
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Stock Futures Surge on Weak September Jobs Report and Falling Yields: Dow Jones, S&P and Nasdaq Futures
U.S. stock futures rally ahead of Friday’s open after a weak September jobs report drives Treasury yields lower and cools Fed rate hike expectations. Dow Jones, S&P 500 and Nasdaq index futures are currently pointing to a sharply higher open on Friday, with stocks poised to add to the modest gains posted in the previous…
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US Jobs Report September: Nonfarm Payrolls Rise by Just 29K, Missing Expectations as Unemployment Hits 4.2%
US employment growth slowed sharply in September, adding just 29,000 jobs as the unemployment rate rose to 4.2%. Read the full Labor Department breakdown. The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll…
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Citi Says Investor Risk Positioning Remains Concentrated in Large-Cap Stocks
Citi said investor risk positioning remains concentrated in large-cap equities, while sentiment towards small-cap stocks continues to be bearish, according to a note from the bank. The bank said investors have continued to add exposure to large-cap stocks rather than increasing risk across equity markets more broadly. “The dominant positioning story remains one of increasing…
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Piper Sandler Forecasts Google TPU Hardware Revenue to Reach $104 Billion by 2028
Piper Sandler has raised its forecasts for Alphabet (NASDAQ:GOOG), with analyst Thomas Champion estimating that Google’s external tensor processing unit hardware business could generate $104 billion in revenue by 2028. The forecast follows Google’s disclosure of external TPU hardware sales for the first time in its second-quarter 2026 results. Piper Sandler said the disclosure prompted…
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Is this nanocap copper play the next Voisey’s Bay?
The price of copper (Cu), up by almost 50 per cent year-over-year, sits near a record high at about US$14,500 per ton, reflecting short-term concerns about US tariffs and disruptions at major mines, most recently at Las Bambas in Peru. This is in addition to longer-term worries, including: This dynamic is serving to increase capital…
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Anthropic Warns Government Actions Could Affect Customer and Partner Relationships
Anthropic (NASDAQ:ANTP) warned that government actions and perceptions of the company and its artificial intelligence technology could affect its broader commercial relationships, according to its initial public offering prospectus reviewed by Reuters. The company said potential effects could extend beyond government contracts to relationships with customers, partners, employees and investors. Anthropic said government agency contracts…
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Strategy Shares Rise 2.7% After Citi Raises Price Target to $240
Strategy (NASDAQ:MSTR) shares rose 2.7% in pre-market trading on Friday after Citi increased its price target on the stock to $240 from $136. Citi said its revised valuation incorporates an estimated 34% contribution from a higher Bitcoin price over the next 12 months and approximately 16% from an expansion in Strategy’s multiple to net asset…