Author: Fiona Craig
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PepsiCo beats earnings forecasts despite “challenging” market conditions
PepsiCo (NASDAQ:PEP) reported second-quarter core profits that surpassed analyst estimates, driven in part by strong performance from its international division, despite operating in a “challenging” business environment. Consumer staples firms like PepsiCo face numerous challenges, including concerns on Wall Street that broad U.S. tariffs may prompt consumers to cut back on spending and opt for…
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Dow Jones, S&P, Nasdaq: Trump Denial on Powell Dismissal and TSMC Earnings Boost Market Mood; Futures Steady
U.S. stock futures hovered near flatline Thursday following a choppy prior session marked by sharp reactions to speculation about Federal Reserve Chair Jerome Powell’s job security. President Donald Trump later calmed nerves by denying any immediate intent to remove Powell, though he declined to fully rule it out. Meanwhile, upbeat data from the business sector…
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Gold Dips as Trump Tempers Powell Exit Speculation; Dollar Strengthens
Gold prices eased slightly during Thursday’s Asian session as a marginal rebound in risk sentiment followed comments from U.S. President Donald Trump, who played down concerns about the possible removal of Federal Reserve Chair Jerome Powell. Other precious metals showed limited movement, under pressure from a stronger dollar, which remained near a three-week high amid…
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Oil Prices Rebound as U.S. Crude Stockpiles Drop Sharply; Market Eyes Tariff Uncertainty
Oil prices gained ground during Thursday’s Asian session, ending a three-day losing streak after U.S. government data revealed a steeper-than-expected decline in crude inventories. The drop points to tightening supply, but traders remained on edge as the possibility of new U.S. trade tariffs loomed. As of 21:35 ET (01:35 GMT), Brent crude futures for September…
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Dollar Rebounds as Markets React to Powell Uncertainty and Trump’s Remarks
The U.S. dollar regained ground on Thursday after a steep drop the previous day, helped by comments from President Donald Trump that downplayed the possibility of Federal Reserve Chair Jerome Powell being ousted prematurely. As of 04:40 ET (08:40 GMT), the U.S. Dollar Index — which tracks the currency against six major peers — climbed…
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Tesla to debut six-seat Model Y L in China this autumn
Tesla (NASDAQ:TSLA) plans to launch an extended version of its Model Y, featuring six seats, in China later this year, according to regulatory filings and company statements. The electric carmaker filed details for the new Model Y variant with China’s Ministry of Industry and Information Technology, which were published on the ministry’s website Wednesday. The…
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OKYO Pharma shares surge following promising Phase 2 data for eye pain treatment
OKYO Pharma (NASDAQ:OKYO) stock jumped 14% Wednesday after announcing encouraging Phase 2 clinical trial results for urcosimod, their investigational drug aimed at neuropathic corneal pain (NCP). The ophthalmology-focused biotech reported that 75% of patients treated with 0.05% urcosimod per protocol experienced over an 80% reduction in pain after 12 weeks. Efficacy was observed as early…
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Brenmiller Energy shares jump following SMR integration partnership
Brenmiller Energy Ltd. (NASDAQ:BNRG) saw its stock climb 12.5% after announcing a non-binding memorandum of understanding with ENASCO Ltd. to jointly develop thermal energy storage solutions integrated with small modular reactors (SMRs). The partnership aims to merge Brenmiller’s bGen thermal energy storage technology with liquid metal reactor-based SMRs, initially targeting AI data centers as a…
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Cyclacel stock dips after trimming 270% surge amid volatility concerns
Cyclacel Pharmaceuticals, Inc. (NASDAQ:CYCC) shares dropped 14% Wednesday morning, retracing part of the huge 270% rally seen the day before, as the company addressed the recent sharp price fluctuations. The biotech firm said it is “not aware of any material developments or changes to its operating or financial condition that precipitated the volume and price…
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GameSquare stock jumps ahead of $100 million Ethereum treasury strategy review
GameSquare Holdings, Inc. (NASDAQ:GAME) shares soared 45% after announcing a conference call on July 16, 2025, to discuss its $100 million Ethereum treasury plan. The gaming company intends to execute a proprietary Ethereum yield strategy using Dialectic AG’s Medici platform, aiming for on-chain yields between 8-14%, well above current staking rates of 3-4%. GameSquare noted…