Category: Latest News
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Gold Set for Weekly Rise as U.S. Fiscal Worries and Trade Disputes Boost Demand
Gold prices gained ground in Friday’s Asian trading session, recovering from earlier declines this week and positioning the metal for a notable weekly advance. Investor concerns about the growing U.S. fiscal deficit and upcoming trade policy decisions out of Washington have driven demand for gold’s safe-haven appeal. Spot gold rose by 0.5% to $3,341.34 per…
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Oil Prices Dip Slightly Ahead of OPEC+ Summit as U.S. Expands Sanctions on Iran
Oil prices edged down during Friday’s trading session in Asia, with investors closely watching for clues from the forthcoming OPEC+ meeting. Meanwhile, new sanctions imposed by the U.S. on Iran helped prevent a sharper drop in crude prices. September Brent crude slipped by 0.2% to $68.66 per barrel, while WTI futures declined by the same…
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Dow Surges Over 300 Points as S&P 500 Hits Record High Following Strong June Jobs Report
U.S. stocks rallied on Thursday, buoyed by a stronger-than-expected June jobs report, as investors embraced signs of economic resilience despite ongoing trade uncertainties and geopolitical tensions. The Dow Jones Industrial Average climbed 344.11 points, or 0.77%, closing at 44,828.53. The S&P 500 advanced 0.83% to reach 6,279.35, while the Nasdaq Composite gained 1.02%, finishing at…
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Stronger Than Expected Jobs Data Leads To Record Highs On Wall Street
After moving mostly higher over the course of Wednesday’s session, stocks saw continued strength during trading on Thursday. With the continued advance, the Nasdaq and the S&P 500 once again reached new record closing highs. The major averages moved roughly sideways after an early upward move, hovering firmly in positive territory. The Nasdaq jumped 207.97…
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CoreWeave Stock Rises as It Launches NVIDIA’s Powerful New GB300 NVL72 AI Platform
Shares of CoreWeave Inc. (NASDAQ:CORE) gained 3.2% on Thursday after the company unveiled its role as the first cloud provider to roll out NVIDIA’s (NASDAQ:NVDA) groundbreaking GB300 NVL72 AI system—marking a major leap in generative AI infrastructure. The GB300 NVL72 platform represents a significant step forward in AI processing, offering up to 10 times faster…
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CrowdStrike Reaches Record High Amid Surging Demand for Cybersecurity
CrowdStrike Holdings Inc. (NASDAQ:CRWD) soared to a new all-time high of $516.83, underscoring investor enthusiasm and the company’s continued strength in the cybersecurity space. The milestone pushes its market valuation to $128.5 billion and reflects a 33.12% gain over the past 12 months. The rally highlights CrowdStrike’s sustained growth as organizations increasingly invest in advanced…
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ASML Dips After Samsung Pushes Back Texas Chip Plant Timeline
Shares of ASML Holding NV (NASDAQ:ASML) edged down 0.9% after reports emerged that Samsung Electronics is delaying progress on its U.S.-based semiconductor factory, casting uncertainty over future equipment orders. According to Nikkei Asia, the South Korean tech giant is slowing the installation of chipmaking machinery at its Texas facility amid difficulties securing a sufficient customer…
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Summit Therapeutics Shares Climb Amid Rumored $15B Deal Talks with AstraZeneca
Shares of Summit Therapeutics (NASDAQ:SMMT) jumped 5% on Thursday following reports that the company is in advanced negotiations with AstraZeneca (NASDAQ:AZN) over a potential multi-billion-dollar licensing agreement. Meanwhile, AstraZeneca’s stock dipped 2% amid investor reactions to the potential outlay. Citing sources familiar with the matter, Bloomberg reported that AstraZeneca is eyeing Summit’s experimental lung cancer…
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Bitcoin Surges Past $110K as Trade Optimism Spurs Risk Appetite
Bitcoin (COIN:BTCUSD) climbed higher on Thursday, building on gains from the previous day amid positive developments in U.S. trade relations. However, traders remained cautious ahead of a series of important U.S. economic reports scheduled for later in the day. The largest cryptocurrency appeared to break out of its recent $103,000 to $108,000 trading band on…
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Charles Schwab Shares Reach 52-Week Peak at $91.82
Charles Schwab Corporation (NYSE:SCHW) hit a fresh 52-week high, with its stock climbing to $91.82. This marks a notable gain for the financial services leader, whose share price has increased nearly 25% over the past year. The company’s market cap now stands at approximately $166 billion, fueled by a strong year-to-date performance of 24.22%, driven…