Category: Latest News
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Elevance Health shares drop after Q2 results and annual forecast fall short
Shares of Elevance Health (NYSE:ELV) tumbled more than 8% on Thursday following the release of second-quarter earnings and a full-year outlook that missed analyst expectations. The company reported Q2 earnings per share (EPS) of $8.84, below the consensus estimate of $9.07. Revenue for the quarter climbed to $49.4 billion, up from $43.2 billion in the…
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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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U.S. Stocks Close Modestly Higher After Trump Denies Plans To Fire Powell
Following the mixed performance seen in the previous session, stocks showed a lack of direction throughout much of the trading day on Wednesday. The major averages moved to the upside in the latter part of the session, however, with the tech-heavy Nasdaq reaching a new record closing high. The major averages all finished the day…
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A new NASDAQ listing for a key player in the global critical minerals space
One of the biggest stories shaking up critical mineral space right now is the NASDAQ debut of Almonty Industries. This isn’t just another listing, it’s a calculated move with a serious impact at a time when the West is scrambling to lock down supply chains and reduce its dependency on China, Almonty is already steps…
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Stock Market Today: S&P 500 Rises After Trump Dismisses Powell Firing Rumors
U.S. stocks closed higher on Wednesday, with the S&P 500 edging up after President Donald Trump denied reports suggesting he was preparing to fire Federal Reserve Chairman Jerome Powell. At the close of trading, the Dow Jones Industrial Average rose by 231 points (0.5%), the S&P 500 gained 0.3%, and the Nasdaq Composite added 0.3%,…
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Junior miner hits widespread antimony in New Brunswick
Mineralized section in drillhole BH2505. (Source: Antimony Resources) Junior miner Antimony Resources (CSE:ATMY) reported value-accretive results from the first phase of drilling at its Bald Hill project in New Brunswick. This content has been prepared as part of a partnership with Antimony Resources Corp., and is intended for informational purposes only. Among the 16 drillholes spanning 3,150…