Author: Fiona Craig
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Rise as Investors Await Labor Data; Oracle, Anglo Teck, ASML Make Headlines
U.S. stock futures edged higher Tuesday as traders looked ahead to the Bureau of Labor Statistics’ preliminary nonfarm payrolls benchmark revision, which may reveal further signs of a slowing labor market. Investors also focused on corporate developments, including Oracle’s (NYSE:ORCL) post-market earnings report, the Anglo American (LSE:AAL)–Teck Resources (NYSE:TECK) merger, and ASML’s (EU:ASML) $1.5 billion…
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Apple iPhone 17 Launch: Analysts Highlight Potential Price Increase and AI Focus
Apple Inc (NASDAQ:AAPL) is set to unveil its iPhone 17 lineup later Tuesday, with Wedbush analysts pointing to a likely price increase for the flagship models as production shifts from China to India. The brokerage also emphasized that attention will be on Apple’s artificial intelligence initiatives, with Alphabet Inc’s (NASDAQ:GOOGL) Google Gemini considered a potential…
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Arm Targets Southeast Asia Expansion Amid Growing AI Demand
British semiconductor designer Arm (NASDAQ:ARM) is aiming to broaden its footprint in Southeast Asia as the region sees rising demand for artificial intelligence and data center infrastructure, the Wall Street Journal reported Tuesday. Will Abbey, Arm’s chief commercial officer, described Southeast Asia as “a hotbed of activity” with considerable market opportunities. “We see Southeast Asia…
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Freeport Halts Grasberg Mine Operations After Seven Miners Trapped Underground
Freeport-McMoRan (NYSE:FCX) announced Tuesday that it has temporarily suspended operations at its Grasberg mine in Indonesia, one of the world’s largest copper mines, following a landslide that left seven miners trapped below ground. In a statement, Freeport said a “large flow of wet material from a drawpoint” occurred in a production block at the Grasberg…
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Gold Hits Record Above $3,650/oz on Fed Rate Cut Bets and Safe-Haven Demand
Gold prices climbed to fresh record levels in Asian trading on Tuesday, building on gains from previous sessions as investors bet on a Federal Reserve interest rate cut next week and reacted to a weaker dollar. Safe-haven demand increased amid political turbulence in France, where Prime Minister Francois Bayrou resigned after losing a vote of…
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Oil Prices Rise as OPEC+ Limits Output Increase and Russia Sanctions Loom
Oil prices climbed in early Asian trading on Tuesday, extending gains after OPEC+ opted for a smaller-than-expected production increase. Traders are also keeping a close eye on potential new sanctions targeting Russia’s crude industry amid ongoing conflict with Ukraine. Brent crude for November delivery rose 0.2% to $66.17 per barrel, while West Texas Intermediate (WTI)…
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Tesla’s Future Hinges on Musk and AI Ambitions, Says Morgan Stanley
Morgan Stanley analysts say Tesla’s (NASDAQ:TSLA) long-term trajectory is tightly connected to CEO Elon Musk and the company’s ventures into artificial intelligence. The research note emphasizes Musk’s proposed compensation package as a crucial factor in understanding Tesla’s strategic direction. Morgan Stanley said it “puts to bed concerns over Elon’s long-term commitment to Tesla,” noting that…
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New Fortress Energy Shares Plunge Following Strategic Options Review
New Fortress Energy (NASDAQ:NFE) shares sank 48% after the company revealed it is conducting a review of strategic alternatives aimed at strengthening its capital structure amid ongoing financial pressures. The LNG infrastructure provider reported a second-quarter 2025 net loss of $557 million, up sharply from a $197.4 million loss in the prior quarter. The results…
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SPAC News From The Last Seven Days
The Last Week’s Deals Denali Capital Acquisition Corp. (USOTC:DNQAF) at a meeting on Wednesday 9/3/2025, shareholders voted through the company’s acquisition of Semnur Pharmaceuticals with less than 1% of public shares remaining. The company did not give a closing timeline. Deal Closings & Approvals Breeze Holdings Acquisition Corp. formerly (USOTC:BRZH) finalized its acquisition of YD…
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loanDepot Shares Surge as Citron Research Highlights Value of Servicing Business
loanDepot (NYSE:LDI) shares jumped 32% on Monday, building on last week’s gains after Citron Research released a positive report emphasizing the value of the mortgage lender’s servicing segment. In its analysis, Citron noted that “LDI’s loan servicing portfolio alone is worth approximately $5.50 per share based on peer valuations,” roughly 2.5 times the company’s stock…