Author: Fiona Craig
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Ford issues recall for more than 115,000 trucks over steering issue
Ford Motor Company (NYSE:F) has announced a recall of 115,539 trucks in the U.S. after discovering a defect that could cause the upper shaft of the steering column to detach. The U.S. National Highway Traffic Safety Administration (NHTSA) reported the recall on Wednesday, warning that the malfunction may lead to a potential loss of steering…
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Alibaba Teams Up with Nvidia on Physical AI Project – Report
Alibaba (NYSE:BABA) has announced a new collaboration with Nvidia (NASDAQ:NVDA) centered on Physical AI, according to Science and Technology Innovation Express News. The partnership, revealed during a recent Alibaba event, aims to explore multiple facets of Physical AI development. Key areas of focus will include data synthesis and processing, crucial elements for building AI systems…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Watch Powell’s Comments and Micron’s AI Growth
U.S. stock futures were largely flat on Wednesday, with investors focused on Federal Reserve Chair Jerome Powell’s remarks and quarterly guidance from semiconductor giant Micron. Powell highlighted the challenges of balancing stubborn inflation with slowing employment growth, while Micron reported stronger-than-expected demand for its memory chips from AI developers. Futures show limited movement By 03:38…
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Dollar firm as Powell urges caution; euro dips despite Ukraine optimism
The U.S. dollar strengthened slightly Wednesday after Federal Reserve Chair Jerome Powell adopted a cautious tone regarding further interest rate cuts, while the euro struggled to respond to positive headlines on Ukraine. At 03:50 ET (07:50 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, edged up 0.2% to…
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Oil Prices Steady as U.S. Stock Draws Offer Support
Oil markets were largely flat on Wednesday as data indicated a decline in U.S. crude inventories last week, reinforcing expectations of tightening supplies. Brent crude futures rose slightly by 3 cents to $67.66 per barrel by 06:30 GMT, while U.S. West Texas Intermediate (WTI) futures edged up 5 cents to $63.46. Both benchmarks had advanced…
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Gold Holds Firm Near Record Levels Amid Powell Comments and Weak U.S. Data
Gold prices remained largely unchanged in Asian trading on Wednesday, staying close to recent record highs after remarks from U.S. Federal Reserve Chair Jerome Powell stirred market concerns over growth, inflation, and interest rates. Safe-haven demand for gold and other precious metals rose, while a persistently soft U.S. dollar kept metals supported. Traders also exercised…
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Quantum Shares Jump Following Debt Restructuring Deal with Dialectic
Quantum Corporation (NASDAQ:QMCO) saw its stock rise 6.8% Tuesday after announcing a definitive agreement to restructure its outstanding term debt with Dialectic Technology SPV LLC and other lenders. The deal enables roughly $52 million of Dialectic term debt to be converted into senior secured convertible notes with a three-year maturity. It also removes the existing…
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Fitell Shares Skyrocket Following $100M Solana Treasury Launch
Fitell Corporation (NASDAQ:FTEL) stock surged 60% after the Australian fitness equipment company announced plans to launch a Solana-based digital asset treasury, supported by a $100 million financing facility. The firm said the facility will fund what it claims is the first Solana-based digital asset treasury in Australia. Fitell also plans to become the largest publicly…
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Silo Pharma Shares Surge Following Fireblocks Partnership for Crypto Treasury
Shares of Silo Pharma Inc (NASDAQ:SILO) jumped 19.9% in premarket trading Tuesday after the company revealed it had partnered with Fireblocks to serve as custodian for its institutional crypto treasury platform. The developmental-stage biopharmaceutical firm, which also manages a cryptocurrency treasury, said the collaboration will ensure its newly launched crypto treasury platform meets enterprise-grade security…
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Professional Diversity Network Shares Jump After Two Board Members Step Down
Shares of Professional Diversity Network Inc (NASDAQ:IPDN) surged 52.8% in premarket trading Tuesday following the news that two members of the company’s board have resigned. In a regulatory filing, the company confirmed that Long Yi and Eloisa Sultan stepped down from their positions as directors effective September 17, 2025. The filing noted that both directors…