Category: Latest News
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U.S. Bank Stocks Climb as Fed Stress Test Signals Lighter Regulatory Outlook
Shares of major U.S. banks advanced on Monday following the release of the Federal Reserve’s latest stress test results, which market analysts view as a turning point toward a more stable and transparent regulatory environment. Before markets opened, several top financial institutions posted gains: Goldman Sachs (NYSE:GS) rose 2.4%, JPMorgan Chase (NYSE:JPM) added 0.6%, Wells…
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U.S. Stocks Climb in Premarket as Fed Easing Hopes, Trade Talks Drive Sentiment
U.S. stock futures moved higher Monday morning, buoyed by renewed optimism around global trade negotiations and growing expectations of interest rate cuts from the Federal Reserve. Several major names were active ahead of the opening bell, with tech, finance, and automotive sectors all making headlines. Notable Premarket Movers:
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Tesla Introduces First V4 Superchargers in China, Boosting EV Charging Coverage
Tesla (NASDAQ:TSLA) has officially launched its latest V4 supercharger stations in China, the company announced Monday. The initial deployment covers several key locations including Shanghai, Chongqing, Gansu, and Zhejiang provinces. Looking ahead, Tesla aims to expand its V4 charging network to additional strategic areas such as Beijing and Guangdong. A significant feature of these new…
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Dow Jones, S&P, Nasdaq Futures Climb as Canada Drops Digital Tax and U.S. Senate Considers Major Economic Plan
U.S. stock futures rose Monday, boosted by Canada’s unexpected decision to cancel a controversial digital services tax. Meanwhile, the Republican-led U.S. Senate began debating a sweeping tax and spending bill supported by former President Donald Trump. In Asia, China’s manufacturing sector showed a softer-than-expected contraction, easing worries about global economic growth. Markets Poised for a…
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Dollar Weakens as Rate Cut Hopes Grow; Euro Nears Multi-Year High
The U.S. dollar eased on Monday, hovering close to its lowest levels seen in recent years, amid growing investor optimism over potential trade deals and expectations that the Federal Reserve may soon reduce interest rates. By 04:10 ET, the Dollar Index, which tracks the greenback against six major currencies, slipped 0.2% to 96.81—its weakest point…
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Gold Bounces Back as Dollar Slips, but Trade Optimism Limits Safe-Haven Appeal
Gold prices moved higher in early Asian trading on Monday, staging a modest rebound from a one-month low as a weakening U.S. dollar boosted demand. However, the recovery in the precious metal was tempered by easing geopolitical risks and growing optimism surrounding major trade developments. As of 02:00 ET, spot gold rose 0.5% to $3,290.25…
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Oil Prices Dip as Geopolitical Tensions Ease and OPEC+ Output Decision Nears
Crude oil prices declined in early Asian trading on Monday, as cooling tensions in the Middle East and anticipation of increased output from OPEC+ weighed on market sentiment. By 21:44 ET, Brent crude futures for August delivery slipped 0.8% to $67.20 per barrel, while West Texas Intermediate (WTI) dropped 1.1% to $64.77. Despite the recent…
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UBS Predicts U.S. Stock Market Recovery in Second Half of the Year, Raises S&P 500 Forecast
UBS, the Swiss financial services firm, expects U.S. stocks to rebound in the second half of the year and has raised its year-end forecast for the S&P 500 index. This outlook follows easing trade tensions between the U.S. and China, as well as ceasefires in the Middle East, which have helped calm global markets. Key…
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Nvidia Insiders Sell Over $1 Billion in Stock Amid AI-Driven Market Rally, FT Reports
Nvidia executives and insiders have sold more than $1 billion worth of company stock over the past year, according to a report from the Financial Times on Sunday. The sell-off coincides with a sharp rise in Nvidia’s share price, fueled by surging investor enthusiasm around artificial intelligence. The report notes that over $500 million of…
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Wall Street Analysts – Weekly Recap
AMD (NASDAQ: AMD) What happened?On Monday, Melius Research upgraded AMD to a Buy rating with a $175 price target. Summary:AMD is gaining momentum through strategic partnerships in the Middle East, while GPU sales are projected to grow significantly. Details:Melius highlighted AMD’s recent collaborations with Saudi Arabia’s HUMAIN and the UAE’s G42 as key growth drivers.…