Category: Latest News
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Gold Slides from Record Peaks Ahead of U.S. Labor Data and Fed Rate Decisions
Gold prices slipped in Asian trading on Thursday, pulling back from record highs as investors booked profits and the dollar stabilized ahead of key signals on U.S. interest rates and employment. The yellow metal climbed past $3,500 an ounce earlier this week, amid widespread expectations that the Federal Reserve could cut rates later in September.…
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Oil Falls as OPEC+ Output Hike Speculation and Rising U.S. Stockpiles Weigh on Market
Oil prices slipped in early Asian trading Thursday, following losses from the previous session, amid reports that OPEC+ may consider another production increase at its upcoming meeting. The market was also pressured by industry data pointing to a weekly rise in U.S. crude inventories, reinforcing concerns of a post-summer slowdown in American fuel demand. Brent…
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U.S. Stocks Move Mostly Higher As Alphabet Surges On Antitrust Ruling
Stocks gave back ground after an early advance on Wednesday but moved back to the upside late in the session to end the day mostly higher. The Nasdaq and the S&P 500 regained ground following the pullback seen over the two previous sessions, although the narrower Dow saw further downside. The tech-heavy Nasdaq jumped 218.10…
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U.S. job openings miss forecasts, signaling potential slowdown in labor market
New figures from the U.S. Bureau of Labor Statistics show a decline in job openings, according to the latest Job Openings and Labor Turnover Survey (JOLTs). The report indicated 7.181 million available positions. This total came in below the expected 7.380 million, suggesting the labor market is not as strong as analysts had projected. Economists…
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ServiceNow offers federal government steep discounts to boost AI adoption
ServiceNow Inc. (NYSE:NOW) is providing U.S. federal agencies with discounts of up to 70% on its software as part of an initiative to accelerate the integration of artificial intelligence into government operations. The U.S. General Services Administration (GSA) announced a OneGov agreement with ServiceNow aimed at modernizing federal agencies with an AI-first approach. Analysts project…
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Pfizer reiterates dedication to COVID-19 vaccine transparency
Pfizer Inc (NYSE:PFE) has reaffirmed its commitment to openly sharing research findings related to its COVID-19 vaccine, while ensuring the ongoing studies maintain scientific rigor. In a statement, Pfizer Chairman and CEO Dr. Albert Bourla recognized the accomplishments of Operation Warp Speed under President Trump, emphasizing that American innovation helped avert economic collapse and saved…
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Mobix Labs shares decline after warrant exercise deal
Shares of Mobix Labs, Inc. (NASDAQ:MOBX) dropped 7.4% on Wednesday following the announcement that the fabless semiconductor firm has reached an agreement with a warrant holder to immediately exercise warrants for around 5.5 million Class A common shares. The warrants will be exercised at $0.8202 per share, generating approximately $4.5 million in gross proceeds for…
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Lyft Stock Rises 4% Following $450 Million Convertible Note Pricing
Shares of Lyft (NASDAQ:LYFT) jumped 4% Wednesday morning after the ride-hailing company announced the pricing of $450 million in convertible senior notes due 2030, with trading in call options seeing elevated volumes. The notes, aimed at qualified institutional buyers, are scheduled to settle on September 5, 2025, and are expected to generate approximately $438.8 million…
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Biomerica Shares Rise After UAE Health Ministry Approves Kidney Test
Biomerica Inc. (NASDAQ:BMRA) saw its stock climb 7% in premarket trading Wednesday after announcing that the United Arab Emirates Ministry of Health and Prevention has granted approval for its Fortel Kidney Test for home use. The test is designed to detect low levels of albumin in urine, an early indicator of kidney disease, in just…
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Skillz Shares Drop After Tether Studios Moves to End Agreements
Skillz Inc. (NYSE:SKLZ) saw its stock decline 11.6% in premarket trading Wednesday following the company’s disclosure that Tether Studios plans to terminate all agreements with the gaming platform provider. A regulatory filing revealed that Skillz received a termination notice from Tether on August 29, seeking to end all agreements effective September 1. The notice impacts…