Category: Latest News
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Intel Jumps After Trump Says Apple Will Partner on U.S. Chip Production (INTC)
Intel Corporation (NASDAQ:INTC) shares surged in premarket trading on Thursday after U.S. President Donald Trump said Apple Inc (NASDAQ:AAPL) had agreed to work with the chipmaker on designing and manufacturing semiconductors in the United States, a move that could bolster efforts to expand domestic chip production. Intel stock climbed more than 8% before the opening…
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SpaceX Rebounds in Premarket Trading After First Post-IPO Decline (SPCX)
SpaceX (NASDAQ:SPCX) shares edged higher in premarket trading on Thursday after posting their first daily decline since the company’s record-breaking stock market debut, following a remarkable rally that briefly propelled the aerospace group above some of the world’s largest technology companies by market value. SPCX rose 1.2% before the opening bell by 05:08 ET (09:08…
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Maserati Updates Core Models as Stellantis Prepares Luxury Brand Overhaul
Maserati unveiled refreshed versions of its GranTurismo, GranCabrio and Grecale models on Thursday as parent company Stellantis (BIT:STLAM) prepares to outline a new long-term strategy for the luxury marque later this year. The model updates come ahead of a capital markets event scheduled for December, where management is expected to present plans aimed at revitalising…
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Gold Rebounds as U.S.-Iran Agreement Supports Safe-Haven Demand
Gold prices moved higher on Thursday, recovering part of the previous session’s decline as investors balanced optimism over a U.S.-Iran peace agreement against the prospect of tighter monetary policy from the Federal Reserve. Spot gold gained 0.3% to $4,269.42 an ounce by 05:46 ET (09:46 GMT), while gold futures edged 2.1% lower to $4,288.72 an…
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Oil Slides to Multi-Month Low as U.S.-Iran Agreement Improves Supply Outlook
Oil prices extended their decline on Thursday, falling to their lowest levels since the early days of the Iran conflict, after a preliminary agreement between the United States and Iran raised expectations of increased crude supplies and the reopening of a key global shipping route. Brent crude futures dropped $1.59, or 2%, to $77.96 a…
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Wall Street Futures Rebound as Markets Weigh Fed Outlook and U.S.-Iran Peace Agreement: Dow Jones, S&P, Nasdaq
U.S. stock futures moved higher on Thursday as investors assessed the implications of the Federal Reserve’s latest policy decision and a surprise agreement between the United States and Iran aimed at ending months of conflict. The gains followed a sharp sell-off on Wall Street in the previous session, when rising Treasury yields and a more…
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Delta Gold Extends University of Toronto Quantum Computing Partnership Following Patent Milestone
Delta Gold Technologies PLC (USOTC:DGQTF) (AQSE:DGQ) has expanded its collaboration with the University of Toronto into a second year as the company continues to advance its quantum computing research programme and strengthen its intellectual property portfolio. The next phase of the project, A Scheme for Quantum Computing based on Proximatised Gold, is now underway under…
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Rumble Reorganises as RUM Group, Launches Quake AI Following Northern Data Acquisition
Rumble (NASDAQ:RUM) is restructuring its business into two core operating divisions and adopting a new corporate identity after completing its acquisition of AI infrastructure provider Northern Data. Effective June 18, the company will operate as RUM Group Inc., a holding company overseeing two businesses: Rumble, its video and media platform, and Quake AI, a newly…
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Hawkish Fed Surprise Sends Stocks Sharply Lower
Wall Street ended Wednesday deep in the red after Federal Reserve Chair Kevin Warsh delivered a hawkish shock in his debut as chair of the FOMC, erasing an early-session gain driven by a stronger-than-expected retail sales report. All three major indexes finished well off their highs, with growth and technology stocks bearing the brunt of…
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U.S. Retail Sales Top Forecasts as Consumer Spending Accelerates in May
Consumer spending in the United States strengthened more than anticipated in May, according to figures released Wednesday by the Commerce Department. Retail sales rose 0.9% during the month, following a revised 0.4% increase in April. The latest reading exceeded economists’ expectations for a 0.5% gain. The April figure was revised lower from the initially reported…