Author: Fiona Craig
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iRobot Enters Chapter 11 as Picea Moves to Take Over Roomba Maker
iRobot (NASDAQ:IRBT), the company behind the Roomba line of robotic vacuum cleaners, has filed for Chapter 11 bankruptcy protection and reached a restructuring agreement with its secured lender and key manufacturing partners, Shenzhen PICEA Robotics and Santrum Hong Kong. As part of the deal, Picea is set to acquire iRobot through a court-supervised transaction. The…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. futures inch up as markets brace for key data and global rate decisions
Futures linked to the main U.S. equity benchmarks were modestly higher, with investors preparing for a week packed with potential market-moving events. The agenda includes multiple interest rate decisions from central banks around the world, alongside the release of U.S. economic data that had been postponed due to a prolonged federal government shutdown. Elsewhere, renewed…
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Successful Air Business, Birchtech, to Lay Foundation for Commercial Water Treatment Expansion
In this episode of The Capital Compass, Ricki Lee sits down with Birchtech Corp. (TSX:BCHT) (USOTC:BCHT), an environmental technology company best known for its long-running air purification business that removes mercury from power plant emissions. With the company now reporting strong third-quarter results, securing $0.9 million in new purchase orders from a major U.S. utility, and…
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How to Navigate Holiday Conversations About the Economy
Holiday gatherings often double as informal economic roundtables, and this year is likely to be no exception. In a recent note, Bank of America analyst Aditya Bhave cautioned that the dinner table may feature plenty of “cold weather [and] heated debates,” as relatives probe into inflation, housing, jobs, and the Federal Reserve. To help defuse…
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Morgan Stanley Shares Its Copper Price Outlook for 2026
Copper prices are likely to stay well supported next year, driven by tightening supply conditions and signs that U.S. import demand is picking back up, Morgan Stanley said in a recent research note. The bank highlights that accelerating demand from energy storage systems (ESS) and ongoing capacity growth in data centers should help counterbalance softness…
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Jefferies highlights standout gold miners as the sector enters 2026 on strong footing
Gold producers are approaching 2026 with what Jefferies describes as one of the most supportive environments the group has seen in years. In its latest sector outlook, the firm reaffirmed its positive view on gold equities and unveiled an updated roster of preferred names. Analyst Fahad Tariq wrote in the preview, “We remain bullish on…
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Ed Yardeni reverses course, shifts to Underweight on the Magnificent 7
Ed Yardeni has pulled back from one of his signature long-held positions, lowering his stance on the Magnificent 7 to Underweight as he urges investors to rebalance both U.S. and international equity exposure heading into 2026. In his latest market commentary, Yardeni warns that mega-cap tech dominance has reached levels that create excessive concentration risk,…
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AI Infrastructure Surge Likely to Last Until 2027, Northland Says
Northland Capital Markets told clients on Tuesday that the current boom in AI infrastructure spending is far from over, anticipating another year and a half of strong momentum. Analyst Gus Richard wrote that the investment cycle “is in its 7th inning and will slow mid CY27,” noting that even with ongoing concerns about limits on…
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Oil Prices Rebound as Concerns Grow Over Venezuelan Supply Disruptions
Oil prices moved higher on Friday, recovering some of the losses suffered in the previous session, after reports suggested the United States may intensify efforts to intercept tankers transporting Venezuelan crude, raising fresh concerns about supply disruptions. By 04:40 ET (09:40 GMT), Brent crude futures for February delivery were up 0.2% at $61.40 a barrel,…
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Costco Beats Forecasts as Comparable Sales Rise 6.4%
Costco Wholesale Corp (NASDAQ:COST) reported stronger-than-expected earnings and revenue for its fiscal first quarter of 2026, although its shares edged 0.6% lower in U.S. premarket trading on Friday. Net income for the period climbed to $2.0 billion, equivalent to $4.50 per diluted share, surpassing analysts’ expectations of $4.28 per share. Revenue increased 8.3% year-on-year to…