Author: Fiona Craig
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Gold rebounds as geopolitical tensions lift safe-haven demand
Gold prices climbed on Thursday in Asian trading, recovering part of their sharp losses from earlier in the week as renewed geopolitical tensions — particularly between the U.S. and China — bolstered demand for safe-haven assets ahead of key U.S. inflation data. Spot gold rose 0.9% to $4,137.40 an ounce by 06:15 GMT, while U.S.…
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Oil prices surge over 3% as India reassesses Russian crude after new U.S. sanctions
Oil prices advanced sharply on Thursday, extending the previous session’s rally, after India signaled it may scale back purchases of Russian oil in response to fresh U.S. sanctions on Rosneft and Lukoil. By 06:14 GMT, Brent crude was up $2.12, or 3.4%, at $64.71 a barrel, while U.S. West Texas Intermediate climbed $2.09, or 3.6%,…
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Dollar strengthens ahead of key CPI report; euro eases as markets eye geopolitics
The U.S. dollar firmed slightly on Thursday as traders positioned themselves ahead of a closely watched inflation release, while escalating U.S.-China trade tensions and fresh sanctions on Russia added to safe-haven demand. At 03:50 ET (07:50 GMT), the U.S. Dollar Index rose 0.1% to 98.805, recovering some ground after notable losses the previous week. Safe-haven…
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The tungsten reckoning: What investors deserve to know
Lyndsay Malchuk sits down with Matthias Greiffenberger, senior analyst at GBC AG, to discuss Almonty Industries’ (NASDAQ:ALM, TSX:AII) bold attempt to challenge China’s dominance in the tungsten market. This in-depth conversation covers the geopolitics of critical minerals, the operational and financial realities of Almonty’s Sangdong project, and what the future holds for Western tungsten supply. Whether…
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iPower Stock Jumps as Company Pursues Non-Bank Financing Alternatives
iPower Inc. (NASDAQ:IPW) surged 11.3% on Wednesday after the company revealed plans to pursue alternative funding arrangements to replace its existing bank-backed asset-based lending facility. The e-commerce retailer said it is evaluating non-bank financing options designed to provide “greater flexibility and alignment” with its operating profile and long-term growth strategy. The company believes this shift…
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Intuitive Surgical Shares Soar After Big Q3 Earnings Beat
Intuitive Surgical Inc (NASDAQ:ISRG) surged more than 17% after the opening bell on Wednesday following a blockbuster third-quarter earnings report that blew past Wall Street expectations. The strong results were fueled by surging procedure volumes and growing adoption of its next-generation da Vinci 5 surgical system. The company posted adjusted earnings of $2.40 per share,…
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Owlet Shares Drop After Announcing $30 Million Public Offering
Owlet Inc (NYSE:OWLT) saw its stock fall 7.2% on Wednesday after the company announced the pricing of a public offering valued at approximately $30 million. The offering includes 4,196,000 shares of Class A common stock priced at $7.15 per share. The company also granted underwriters a 30-day option to purchase up to an additional 629,400…
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NVR Tops Q3 Estimates Despite Slowing Housing Market
NVR, Inc. (NYSE:NVR) reported third-quarter earnings on Wednesday that came in ahead of analyst forecasts, even as the company continues to face headwinds in the housing market. The homebuilder posted earnings of $112.33 per diluted share, topping the analyst consensus of $109.36. Revenue reached $2.56 billion, slightly above the $2.55 billion estimate. However, the results…
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Nurix Therapeutics Shares Surge After Launch of Pivotal Phase 2 Trial
Nurix Therapeutics Inc (NASDAQ:NRIX) saw its stock jump 10% on Wednesday after announcing the start of its pivotal DAYBreak clinical trial — a single-arm Phase 2 study evaluating bexobrutideg in patients with relapsed or refractory chronic lymphocytic leukemia (CLL). The biopharmaceutical company, which specializes in targeted protein degradation therapies, will test a once-daily 600 mg…
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Avadel Pharmaceuticals Shares Climb on $2.1 Billion Acquisition by Alkermes
Avadel Pharmaceuticals PLC (NASDAQ:AVDL) rose 4.1% in pre-market trading on Wednesday after announcing it will be acquired by Alkermes plc (NASDAQ:ALKS) in a deal valued at approximately $2.1 billion. Under the agreement, Alkermes will pay $18.50 per share in cash at closing. Shareholders may also receive an additional $1.50 per share through a contingent value…