Category: Latest News
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Dollar Hovers Near Two-Week Peak Ahead of Fed Minutes; Euro Drops on Trade Tensions
The U.S. dollar remained firm early Wednesday, trading close to its highest level in over two weeks, as markets reacted to escalating trade rhetoric from President Donald Trump, including the threat of a 50% tariff on copper imports. As of 04:45 ET (08:45 GMT), the U.S. Dollar Index—which measures the greenback against six major currencies—rose…
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Dow Jones, S&P, Nasdaq, Futures Steady as Markets Digest Tariff Moves; Trump Targets Copper, Fed Minutes Awaited
U.S. equity futures showed little change early Wednesday as investors weighed fresh tariff developments and awaited key insights from the Federal Reserve’s June policy meeting minutes. President Donald Trump remained firm on his tariff deadline while hinting at broadening his trade measures with a possible 50% tariff on copper imports. Meanwhile, Kevin Hassett, a senior…
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Apple Poised to Compete for U.S. Formula 1 Broadcast Rights After Success of Brad Pitt Movie — Financial Times
Apple Inc. (NASDAQ:AAPL) is reportedly considering a bid to secure the U.S. broadcasting rights for Formula 1, aiming to rival Disney-ESPN when the current contract comes up for renewal next year, according to the Financial Times. Sources close to the discussions revealed that Apple’s interest has been fueled by the strong reception of its recent…
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Gold Dips on Dollar Rally; Copper Climbs to Record Highs Amid Tariff Threats
Gold prices fell modestly in Asian markets on Wednesday as investors showed little appetite for the metal as a safe haven. Instead, uncertainty around U.S. trade tariffs and Federal Reserve interest rate policy boosted demand for the U.S. dollar, pressuring gold and other metals. In contrast, U.S. copper prices surged to unprecedented levels after President…
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Oil Prices Slip After Large U.S. Inventory Build and New Tariff Worries
Oil prices eased from a two-week high during Wednesday’s Asian trading session following data showing a significant rise in U.S. crude oil inventories. Meanwhile, investors remained on edge ahead of further tariff announcements expected from President Donald Trump. At 21:44 ET (01:44 GMT), September Brent crude futures dipped 0.3% to $69.91 per barrel, while West…
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Markets Today: S&P 500 Slips as Tariff Concerns Weigh on Sentiment
U.S. stocks closed mostly lower Tuesday as investors digested the economic implications of President Donald Trump’s latest round of tariff threats. The S&P 500 dipped 0.1%, while the Dow Jones Industrial Average fell 165 points, or 0.4%. The Nasdaq eked out a modest gain of 0.03%. Tariff Tensions Escalate President Trump reaffirmed his administration’s commitment…
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Amazon Stock Declines After Early Prime Day Spending Drops 14%
Amazon.com Inc. (NASDAQ:AMZN) shares fell as much as 2% on Tuesday following reports that Prime Day sales in the first four hours declined nearly 14% compared to last year’s event. According to Bloomberg, citing data from Momentum Commerce — which manages 50 brands on Amazon including Crocs (NASDAQ: CROX), Beats, and Therabody — early consumer…
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Sealsq Stock Rises as Company Deploys Quantum-Secure eUICC Technology
Sealsq Corp (NASDAQ: LAES) stock climbed 3.5% following the announcement that it has started deploying its GSMA-accredited embedded Universal Integrated Circuit Card (eUICC) technology with telecom operators globally. This advanced technology incorporates post-quantum cryptographic features designed to safeguard against emerging quantum computing threats. The Geneva-based semiconductor firm targets mobile phones, IoT devices, and connected infrastructure,…
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Rich Sparkle Shares Start Trading Below IPO Price on Nasdaq
Rich Sparkle Holdings Limited (NASDAQ:ANPA) began trading at $3.60 per share on Tuesday, dipping below its initial public offering (IPO) price of $4.00. The Hong Kong-based financial printing and corporate services provider priced its IPO at $4.00 per share, offering 1.25 million ordinary shares and aiming to raise approximately $5 million in gross proceeds, before…
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GlobalFoundries Stock Rises 5.9% Following MIPS Acquisition Announcement
GlobalFoundries (NASDAQ: GFS) stock jumped 5.9% Tuesday after the semiconductor manufacturer announced a definitive agreement to acquire MIPS, a leading supplier of AI and processor intellectual property (IP). The acquisition will expand GlobalFoundries’ customizable IP portfolio and bolster its process technologies with enhanced IP and software capabilities. The deal includes MIPS’ RISC-V processor IP and…