Category: Latest News
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Oil jumps 6% after tanker attacks near Iraq and disruption at Oman port
Oil prices climbed sharply early Thursday, briefly pushing back above the key $100-per-barrel threshold as fresh signs of disruption in energy markets emerged amid the ongoing U.S.-Israel conflict with Iran. Although crude later gave up part of its gains following continued discussion about emergency stockpile releases by major economies, prices still remained firmly higher on…
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Gold slips below $5,200 as Iran conflict lifts oil and the dollar
Gold prices moved lower during Asian trading on Thursday, dropping back into the range that has held for more than a week as the ongoing U.S.-Israel conflict with Iran continued to support oil prices and the U.S. dollar. Although bullion remained largely confined between $5,000 and $5,200 per ounce, it continued to show some resilience…
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Oil surges past $100 as Middle East tensions escalate; Adobe results ahead: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures moved lower early Thursday as investors reacted to intensifying conflict in the Middle East. Oil prices again pushed above the $100-per-barrel mark after attacks on shipping near a strategic waterway south of Iran raised fears of prolonged supply disruptions. Gold prices steadied but remained pressured by inflation concerns linked to the oil…
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US President Trump and the AI hyperscalers! Siemens Energy, Nordex, and Stallion Uranium shares in focus
Major AI companies in the US are taking on greater responsibility for the energy supply of their data centers. At a recent meeting with President Donald Trump, Microsoft, Alphabet, Meta, and others agreed that the boom should not come at the expense of private households. Siemens Energy is currently benefiting greatly from this. Gas-fired power…
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A new drone contender: The potential of NEO Battery Materials, DroneShield, and Amprius Technologies
Energy efficiency and defense capabilities are two sides of the same coin. This is especially true in the rapidly growing drone business, where powerful batteries are crucial. While global demand for batteries continues to rise sharply, according to McKinsey’s analysis, the military sector is focusing on a highly specialized niche: maximizing energy density while eliminating…
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U.S. Stocks Close Little Changed For Second Straight Day
Stocks showed a lack of direction over the course of the trading day on Wednesday, extending the lackluster performance seen in the previous session. The major averages once again spent the day bouncing back and forth across the unchanged line. The major averages eventually closed mixed for the second straight day. While the Nasdaq inched…
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Smith Douglas Homes shares climb despite fourth-quarter earnings shortfall
Smith Douglas Homes Corp. (NYSE:SDHC) reported fourth-quarter adjusted earnings per share of $0.39 on Wednesday, falling short of analyst forecasts of $0.75, although revenue of $260.4 million came in above expectations. Despite the earnings miss, the homebuilder’s stock advanced about 3.05% in after-hours trading following the release. The move was supported by stronger-than-expected gross margins…
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Uber shares rise after partnership with Zoox to deploy robotaxis
Uber Technologies Inc. (NYSE:UBER) gained about 3.75% Wednesday morning after announcing a strategic collaboration with Zoox to introduce robotaxis on the Uber platform in Las Vegas and Los Angeles. The rollout is expected to begin in Las Vegas this summer, with service planned to expand to Los Angeles in mid-2027. Riders using the Uber app…
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SLB shares decline after warning of Middle East-related disruption
SLB Limited (NYSE:SLB) slipped about 2% in premarket trading Wednesday after the company issued a negative preannouncement tied to the ongoing situation in the Middle East, becoming the first member of the S&P 500 to flag potential financial impacts from the conflict. The oilfield services group said it has halted travel to and transit through…
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Velo3D shares climb 9% after CEO converts debt into equity
Velo3D Inc. (NASDAQ:VELO) rose about 9% on Wednesday after the company announced a substantial reduction in debt following equity conversions by its CEO and a board member. Chief Executive Officer Arun Jeldi purchased a $5 million promissory note from an existing creditor and converted it into common shares priced at $16.38 each, a level above…