Author: Fiona Craig
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Cipher Mining Shares Gain as Black Pearl Site Surpasses Hashrate Expectations
Cipher Mining Inc. (NASDAQ:CIFR) saw its stock climb 7% following the announcement that Phase I of its Black Pearl mining facility is now operating at roughly 3.4 EH/s of self-mining capacity, surpassing the company’s earlier projection of 2.5 EH/s for Q2 2025. The firm reported that its overall self-mining hashrate has reached about 16.8 EH/s,…
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Renewable Energy Shares Jump After Senate Eliminates Excise Tax
Shares in renewable energy companies surged following the U.S. Senate’s decision to eliminate a controversial excise tax from its comprehensive GOP tax legislation. This move brought much-needed relief to the renewable sector, which had faced concerns about potential setbacks under the Trump administration. European companies led the rally, with Vestas (USOTC:VWDRY) climbing more than 10%,…
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Tesla’s EV Sales in China Climb Slightly in June, Ending Downward Trend
Tesla (NASDAQ:TSLA) saw a modest rebound in its China-made electric vehicle sales in June, according to data from the China Passenger Car Association released Wednesday. The company delivered 71,599 units last month, up 0.8% from the same period last year. Deliveries of Model 3 and Model Y vehicles produced at Tesla’s Shanghai facility increased 16.1%…
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Gold Maintains Stability Amid U.S. Fiscal Concerns and Trade Ambiguity
Gold prices held firm during Wednesday’s Asian session, sustaining gains from the past two days. The metal found support as worries about the growing U.S. fiscal deficit intensified following the Senate’s approval of President Donald Trump’s expansive tax and spending legislation. Ongoing uncertainty around looming U.S. trade talks, especially with the July 9 tariff deadline…
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Dollar Nears Multi-Year Lows Amid Anticipation of Crucial US Labor Data
The U.S. dollar experienced a minor rebound on Wednesday but stayed close to its lowest levels seen in several years, as investors balanced cautious signals from Federal Reserve Chair Jerome Powell with the Senate’s recent approval of President Donald Trump’s broad fiscal plan. By 04:15 ET, the Dollar Index — which tracks the greenback against…
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Oil Prices Hold Steady Amid Israel-Hamas Ceasefire Talks and Unexpected U.S. Inventory Increase
During Wednesday’s Asian trading session, oil prices remained largely unchanged as optimism grew over a possible Israel-Hamas ceasefire, following remarks by U.S. President Donald Trump. However, the positive sentiment was tempered by data revealing an unexpected rise in U.S. crude oil inventories, which raised concerns among traders. Market participants are now looking ahead to the…
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Jumia shares jump on Bloomberg report of takeover interest from Axian Telecom
Jumia Technologies AG (NYSE:JMIA) saw its stock rise by 6% following Bloomberg’s report that Mauritius-based Axian Telecom is showing interest in acquiring the African e-commerce leader. Sources familiar with the matter told Bloomberg that Axian Telecom recently secured $600 million to refinance its existing debt and possibly finance a takeover of Jumia. The telecom company,…
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Oragenics shares plunge following announcement of $20 million preferred stock sale
Oragenics Inc (NYSE:OGEN) experienced a sharp 58% drop in its stock price after revealing plans to raise roughly $20 million through a new preferred stock offering. The biotech company has signed a placement agency agreement to issue up to 800,000 shares of its Series H Convertible Preferred Stock, along with warrants to purchase an additional…
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AstraZeneca shares climb amid rumors CEO prefers U.S. stock listing
AstraZeneca PLC (NASDAQ:AZN) saw its American Depositary Receipts (ADRs) increase by 2.2% following a report from The Times suggesting that CEO Sir Pascal Soriot has privately shown interest in shifting the company’s stock listing to the United States. Sources close to the CEO told The Times that Soriot has repeatedly expressed a preference for relocating…
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Apple Stock Climbs Despite Analyst Concerns Over AI Strategy Shift
Apple Inc. (NASDAQ:AAPL) shares rose 2% on Tuesday, building on gains from the previous day, after reports surfaced that the tech giant is exploring the use of external AI technology to enhance its Siri voice assistant. Bloomberg reported that Apple has been in talks with AI companies Anthropic and OpenAI about potentially integrating their large…