Category: Latest News
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iRobot Enters Chapter 11 as Picea Moves to Take Over Roomba Maker
iRobot (NASDAQ:IRBT), the company behind the Roomba line of robotic vacuum cleaners, has filed for Chapter 11 bankruptcy protection and reached a restructuring agreement with its secured lender and key manufacturing partners, Shenzhen PICEA Robotics and Santrum Hong Kong. As part of the deal, Picea is set to acquire iRobot through a court-supervised transaction. The…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. futures inch up as markets brace for key data and global rate decisions
Futures linked to the main U.S. equity benchmarks were modestly higher, with investors preparing for a week packed with potential market-moving events. The agenda includes multiple interest rate decisions from central banks around the world, alongside the release of U.S. economic data that had been postponed due to a prolonged federal government shutdown. Elsewhere, renewed…
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Successful Air Business, Birchtech, to Lay Foundation for Commercial Water Treatment Expansion
In this episode of The Capital Compass, Ricki Lee sits down with Birchtech Corp. (TSX:BCHT) (USOTC:BCHT), an environmental technology company best known for its long-running air purification business that removes mercury from power plant emissions. With the company now reporting strong third-quarter results, securing $0.9 million in new purchase orders from a major U.S. utility, and…
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How to Navigate Holiday Conversations About the Economy
Holiday gatherings often double as informal economic roundtables, and this year is likely to be no exception. In a recent note, Bank of America analyst Aditya Bhave cautioned that the dinner table may feature plenty of “cold weather [and] heated debates,” as relatives probe into inflation, housing, jobs, and the Federal Reserve. To help defuse…
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Morgan Stanley Shares Its Copper Price Outlook for 2026
Copper prices are likely to stay well supported next year, driven by tightening supply conditions and signs that U.S. import demand is picking back up, Morgan Stanley said in a recent research note. The bank highlights that accelerating demand from energy storage systems (ESS) and ongoing capacity growth in data centers should help counterbalance softness…
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Tech Sell-Off Leads To Significant Weakness On Wall Street
Following the mixed performance seen during Thursday’s session, stocks showed a significant move to the downside during trading on Friday. The major averages all moved lower, with the tech-heavy Nasdaq showing a particularly steep drop. The major averages ended the day off their worst levels of the session but still in negative territory. The Nasdaq…
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Canopy Growth (CGC) Stock Climbs on Reports of Federal Cannabis Rescheduling
Canopy Growth Corp. (NASDAQ:CGC) shares surged Friday morning following reports that President Donald Trump is preparing to ease federal restrictions on marijuana. What’s Driving the Move:The rally began after a Washington Post report indicated that Trump plans to direct federal agencies to reclassify marijuana as a Schedule III substance. This potential shift carries major financial…
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Jefferies highlights standout gold miners as the sector enters 2026 on strong footing
Gold producers are approaching 2026 with what Jefferies describes as one of the most supportive environments the group has seen in years. In its latest sector outlook, the firm reaffirmed its positive view on gold equities and unveiled an updated roster of preferred names. Analyst Fahad Tariq wrote in the preview, “We remain bullish on…
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Dow Jones, S&P 500 and Nasdaq Futures diverge as tech weakens and cyclical stocks gain momentum
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a mixed open on Friday, with the major averages likely to once again move in opposite directions. While the Nasdaq 100 futures are down by 0.5 percent, the Dow futures are up by 0.2 percent. A slump by shares of Broadcom (NASDAQ:AVGO) may weigh…
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Goolsbee speaks at Economic Outlook Symposium
Chicago Federal Reserve President Austan Goolsbee is scheduled to participate in a moderated conversation before the 39th Annual Economic Outlook Symposium at 10:35 am ET.