Category: Latest News
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Gold Prices Ease as Investors Seek Safety in U.S. Dollar Amid Middle East Tensions
Gold edged lower in early trading across Asian markets on Monday as investors shifted their preference toward the U.S. dollar following recent American strikes on Iranian nuclear facilities. This move toward the greenback weighed on gold’s momentum, tempering its gains amid rising geopolitical concerns. Spot gold declined by 0.2% to $3,360.11 an ounce, while gold…
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Tesla Shares Gain Momentum as Robotaxi Pilot Debuts in Austin
Tesla (NASDAQ:TSLA) shares edged upward during early trading on Monday, following the rollout of its Robotaxi pilot program in Austin, Texas. The limited launch features a small fleet of 10 to 20 Model Y vehicles operating within specific geo-fenced zones across the city. Currently, the autonomous ride-hailing service excludes airport routes and incorporates several safety…
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S&P 500, Dow Jones, Nasdaq Futures Flat as Markets Eye Iran’s Response to U.S. Strikes; PMIs on Deck
U.S. stock futures traded flat and oil prices rose following surprise U.S. strikes on Iranian nuclear facilities over the weekend. Markets are now watching closely for Iran’s response, which could impact global oil supplies and geopolitical stability. Meanwhile, the U.S. Senate prepares for a vote on a major tax-and-spending bill, and traders await key economic…
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Musk Announces Tesla Robotaxi Launch in Austin for Sunday Afternoon
After driverless Tesla Model Y vehicles were spotted navigating the streets of Austin, Texas, on Sunday morning, CEO Elon Musk confirmed via his platform X that Tesla’s robotaxi service would officially launch later that day. Rides will be offered at a flat rate of $4.20. A Reuters reporter observed several driverless Teslas operating in the…
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S&P 500, Dow Jones, Nasdaq Stock market futures on edge after Trump bombs Iran nuclear sites
Stock market futures are uncertain following President Trump’s airstrikes on Iranian nuclear sites, affecting investor sentiment. The S&P 500 has shown mixed results, with a further decline noted on Friday. Fed Chair Powell reinforces a cautious stance on interest rates, while Trump intensifies rhetoric against Powell. Meanwhile, Tesla’s robotaxi service launches soon, potentially impacting Uber.…
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Oil Prices and the Potential Fallout of Further Destabilizing Iran
Crude oil markets have seen notable gains following Israel’s recent missile attacks on Iran, with concerns growing that U.S. involvement could dramatically escalate the conflict. Analysts at JPMorgan are cautioning that destabilizing Iran could have significant, unintended consequences for global oil prices and geopolitical stability. In a report released on June 18, JPMorgan analysts emphasized…
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Stocks Mixed as Chip Sector Drags on S&P 500
U.S. equity markets wrapped up Friday on a mixed note, with the S&P 500 (SPI:SP500) slipping 0.3% as a decline in semiconductor shares overshadowed dovish comments from a leading Federal Reserve official, who suggested interest rate cuts could come as early as the next policy meeting. The Dow Jones Industrial Average posted a modest gain…
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Markets Dip as Trump’s Iran Decision Looms: Key Drivers
U.S. stock futures edged lower as investors remain concerned about possible U.S. involvement in the escalating conflict between Israel and Iran. The White House stated that President Donald Trump will decide on the matter within two weeks. Meanwhile, European diplomats are meeting with Iranian officials to try to ease tensions. Despite falling on Friday, Brent…
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Bitcoin Remains Stable Near $104K as Trump’s Comments on Iran Offer Limited Market Relief
Bitcoin saw a slight dip on Friday, while the broader cryptocurrency market showed minimal change despite a modest improvement in risk sentiment after U.S. President Donald Trump announced a delay in deciding whether to launch an attack on Iran. The world’s leading cryptocurrency was positioned for a second straight week of small losses, trading in…
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Gold Prices Fall as Trump Postpones Decision on Iran Strike by Two Weeks
During Friday’s Asian trading session, gold prices declined, reflecting a modest rise in risk appetite following statements from the White House suggesting that a U.S. strike on Iran related to the Israel conflict is not imminent. The precious metal remained pressured after earlier in the week hawkish comments from the Federal Reserve bolstered the U.S.…