Category: Latest News
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Oil Prices Climb Sharply After Trump Orders Venezuela Tanker Blockade
Oil prices surged on Wednesday, rising close to 2%, after U.S. President Donald Trump announced a full blockade of all sanctioned oil tankers entering and exiting Venezuela. The move injected fresh geopolitical uncertainty into energy markets already grappling with concerns about weakening global demand. By 13:02 GMT, Brent crude futures were up 99 cents, or…
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Gold Advances as Silver Breaks Records on Rising Economic Concerns
Gold prices climbed on Wednesday, while silver surged to an all-time high, as growing uncertainty around the U.S. economic outlook drove investors toward traditional safe-haven assets. At 08:40 ET (13:40 GMT), spot gold was up 0.8% at $4,335.48 per ounce, sitting just $50 below its previous record. February gold futures also gained 0.8%, reaching $4,367.00…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Energy Shares Poised to Support Higher Start for U.S. Markets
U.S. stock index futures are signaling a slightly positive open on Wednesday, suggesting equities may push higher after a mixed and uneven performance in the previous session. Early gains on Wall Street could be led by the energy sector, following a sharp rebound in crude oil prices. Oil has climbed well off its lowest levels…
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Warner Bros. Board Set to Reject Paramount’s $108.4 Billion Bid, Sources Say
The board of Warner Bros. Discovery (NASDAQ:WBD) is expected to recommend that shareholders vote against a $108.4 billion takeover proposal from Paramount Skydance (NASDAQ:PSKY), according to people familiar with the matter. Sources indicate that the move would reaffirm Warner Bros. Discovery’s preference for an existing transaction with Netflix (NASDAQ:NFLX), marking another development in the competitive…
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Nvidia Reportedly Preparing Major Data Center Project in Israel
Nvidia (NASDAQ:NVDA) is said to be moving forward with plans to establish what would become the largest server farm in Israel, according to a report published by Calcalist. The report indicates that the semiconductor company is expected to formally unveil the project in the near future, though it did not disclose the sources behind the…
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Lennar Stock Slides After Q4 Profit Miss Despite Stronger Sales
Shares of Lennar Corporation (NYSE:LEN) fell more than 2% in premarket trading after the U.S. homebuilder posted fourth-quarter earnings that came in below market expectations, overshadowing a revenue performance that exceeded forecasts in a difficult housing environment. For the quarter, Lennar reported adjusted earnings of $2.03 per share, missing the analyst consensus estimate of $2.21.…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Steady Ahead of Waller Speech; Lennar Disappoints, Micron in Focus
U.S. equity futures are trading cautiously as investors continue to digest recently released labor market data. Attention is turning to remarks from Federal Reserve Governor Christopher Waller, who is set to speak publicly for the first time since the central bank delivered an interest rate cut last week. In corporate news, shares of homebuilder Lennar…
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Peugeot Family Renominates Robert Peugeot for Final Term on Stellantis Board
The Peugeot family has put forward Robert Peugeot for reappointment to the board of Stellantis (NYSE:STLA) for a final two-year term, the automotive group confirmed in a statement issued on Wednesday. Under the proposal, Robert Peugeot will take on the role of vice chairman at Stellantis. The family also reiterated its “long term commitment” to…
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Transitioning the Cariboo Gold Project from developer to producer
In this episode of the Capital Compass we’re joined by one of the most recognized names in the mining industry — Sean Roosen — one of the original founders of Osisko Mining and the builder behind one of Canada’s most successful modern gold stories with Canadian Malartic. Sean is now leading Osisko Development (TSXV:ODV) (NYSE:ODV), which…
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U.S. Stocks Close Mixed Following Another Choppy Session
Following the lackluster performance seen in the previous session, stocks continued to experience choppy trading on Tuesday. The major averages fluctuated over the course of the trading day before eventually closing on opposite sides of the unchanged line. While the tech-heavy Nasdaq rose 54.05 points or 0.2 percent to 23,111.46, the S&P 500 slipped 16.25…