Author: Fiona Craig
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Gold Holds Near 11-Week Low as Iran-Israel Ceasefire Calms Markets Ahead of U.S. Inflation Data
Gold prices were largely unchanged during Asian trading on Tuesday, remaining close to an 11-week low as the suspension of hostilities between Iran and Israel reduced some concerns over inflationary pressures. Investors also remained cautious ahead of key U.S. inflation figures due later this week, which could offer fresh guidance on the Federal Reserve’s interest-rate…
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U.S. Futures Rise as Trump Signals Progress on Iran and AI Stocks Rebound: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures pointed higher on Tuesday as investors monitored developments surrounding the conflict with Iran and a recovery in artificial intelligence-related technology shares. Market sentiment was also boosted by news that OpenAI has confidentially filed for an initial public offering, while Applied Digital (NASDAQ:APLD) surged in premarket trading following a major long-term lease agreement.…
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Honeywell shares slip after earnings outlook trails market expectations (HON)
Honeywell International (NASDAQ:HON) shares fell 1.5% after the industrial and technology group released annual earnings guidance that failed to meet Wall Street forecasts, despite reaffirming its revenue and cash flow targets. Investors focused on the company’s profit outlook, which came in below consensus estimates as Honeywell continues preparations for the separation of its aerospace division…
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Eli Lilly shares climb after new obesity drug results impress at ADA conference (LLY)
Eli Lilly and Company (NYSE:LLY) shares gained 4.5% after the pharmaceutical giant unveiled additional clinical data on its obesity treatment retatrutide during the American Diabetes Association (ADA) conference over the weekend. The company presented detailed findings from two Phase 3 studies, reinforcing investor confidence in the drug’s potential and highlighting the strength of Lilly’s expanding…
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Novo Nordisk shares retreat after ADA conference updates fail to excite investors (NVO)
Novo Nordisk (NYSE:NVO) shares fell 3% on Monday as investors digested new data and commercial updates presented by the company during the American Diabetes Association (ADA) conference over the weekend. While the event featured encouraging clinical findings for Novo’s next-generation diabetes therapies, analysts said the overall readout provided little that would materially alter the company’s…
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Alvotech shares jump after FDA accepts Entyvio biosimilar application for review (ALVO)
Alvotech (NASDAQ:ALVO) shares climbed 12% in premarket trading on Thursday after the biotechnology company announced that the U.S. Food and Drug Administration has accepted its Biologics License Application for AVT16, an interchangeable biosimilar candidate to Entyvio. The regulatory development represents an important step forward for Alvotech as it advances plans to compete in the market…
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Five key market events investors will be watching this week
Markets face a packed agenda in the days ahead, with investors preparing for a potentially record-breaking SpaceX IPO, crucial U.S. inflation figures, a European Central Bank policy decision, and earnings reports from technology giants Oracle and Adobe that could offer fresh insight into the strength of the artificial intelligence theme. 1. SpaceX prepares for landmark…
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AI-linked stocks advance as Trump explores public ownership model for AI firms
Shares of several artificial intelligence-related companies moved higher in premarket trading on Monday after U.S. President Donald Trump said his administration is considering a proposal that could give the American public a direct stake in leading AI businesses. Speaking to reporters aboard Air Force One on Friday, Trump revealed that discussions had taken place with…
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Nvidia deepens South Korea ties through new AI partnerships (NVDA)
Nvidia (NASDAQ:NVDA) unveiled a series of strategic agreements with some of South Korea’s largest technology groups on Monday, strengthening its position in the artificial intelligence ecosystem while securing key relationships across memory chips, cloud infrastructure and robotics. The partnerships were announced during a visit to South Korea by Chief Executive Jensen Huang, who arrived in…
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Oil surges as Israeli strikes on Iran and Lebanon reignite supply concerns
Oil prices rallied sharply on Monday, climbing more than $4 a barrel as renewed military action involving Israel, Iran and Lebanon heightened fears over energy supply disruptions and cast doubt on hopes for a near-term resolution to the conflict. Brent crude futures advanced $4.42, or 4.47%, to $97.15 a barrel by 0609 GMT, while U.S.…