Category: Latest News
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U.S. Stocks Close Modestly Lower After Initial Move To The Upside
Stocks moved to the upside at the start of trading on Monday but quickly gave back ground early in the session. The major averages pulled back well off their early highs and spent much of the rest of the day lingering near the unchanged line. The major averages eventually ended the day modestly lower. While…
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EdgeMode inks collaboration pact with Supermicro and Krambu to scale sustainable AI data centers
EdgeMode (USOTC:EDGM) said it has signed a memorandum of understanding with server technology group Supermicro and data-center infrastructure specialist Krambu as it looks to accelerate the rollout of large-scale, energy-efficient AI data centers. The agreement sets out a strategic framework under which the three companies will work together on the supply, design and deployment of…
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Five key market themes to watch in the week ahead
Markets face a packed agenda in the days ahead, with investors tracking a wave of delayed U.S. economic releases that should shed light on employment and inflation trends in the world’s largest economy. Elsewhere, Micron’s (NASDAQ:MU) earnings are expected to provide one of the final readouts on the artificial intelligence trade in 2025. Comments from…
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Oil Prices Edge Lower, Extending Losses as Oversupply Fears Persist
Oil prices moved slightly lower on Monday, building on the steep declines seen last week as worries about excess global supply and a soft demand outlook continued to weigh on the market. By 06:05 ET (11:05 GMT), Brent crude futures for February delivery were down 0.2% at $61.02 a barrel, while U.S. West Texas Intermediate…
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Gold Holds Near Two-Month Peak as Weaker Dollar Lifts Prices; U.S. Data in Focus
Gold prices climbed again on Monday, marking a fifth consecutive session of gains and hovering near a two-month high, as a softer U.S. dollar supported precious metals following more accommodative signals from the Federal Reserve. By 08:10 ET (13:10 GMT), spot gold was up 0.8% at $4,338.56 per ounce, while March gold futures advanced 1%…
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Western Digital Shares Climb After Nasdaq-100 Addition
Western Digital Corp. (NASDAQ:WDC) shares rose 1.7% on Monday after the company was named as one of the new constituents of the Nasdaq-100 Index following its annual rebalancing. The data storage group is among six companies added to the widely followed benchmark, which measures the performance of the 100 largest non-financial stocks listed on the…
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U.S. Regional Manufacturing Activity Slumps Unexpectedly in December
Manufacturing conditions in the U.S. Northeast deteriorated sharply in December, according to data published Monday by the Federal Reserve Bank of New York, catching economists off guard. The New York Fed’s general business conditions index fell into negative territory, dropping to -3.9 in December from 18.7 in November. A reading below zero signals contraction in…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Signal Early Bounce After Friday’s Sell-Off
Futures linked to the main U.S. equity benchmarks were pointing higher ahead of Monday’s opening bell, suggesting Wall Street may attempt an initial rebound after the sharp losses recorded at the end of last week. Some investors appear ready to step back into the market following Friday’s pullback, which was driven largely by heavy selling…
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Intel Shares Edge Higher on Tech Rally and Reported SambaNova Talks
Intel (NASDAQ:INTC) shares gained about 1.25% on Monday, supported by broader strength across technology stocks and reports that the chipmaker is in late-stage discussions to acquire artificial intelligence startup SambaNova Systems for roughly $1.6 billion. Bloomberg reported on Friday that Intel is engaged in advanced negotiations to buy the Palo Alto, California-based company, with a…
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Alphabet Is Best Placed for the Next Stage of AI, Bank of America Says
Alphabet (NASDAQ:GOOG) is the stock most favorably positioned for the next phase of artificial intelligence, according to Bank of America, as investor attention shifts away from sheer capital spending and toward monetization, returns and sustainable competitive advantages. In a broad assessment of AI investment and revenue potential among hyperscalers, BofA analysts said expectations around AI…