Category: Latest News
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Applied Materials shares fall after cautionary outlook on China chip investment
Applied Materials (NASDAQ:AMAT) slid more than 4% in U.S. premarket trading on Friday after cautioning that chip-equipment spending in China is set to decline next year, as the country faces tighter U.S. export restrictions. The company disclosed that roughly $110 million worth of products remained unshipped in its fiscal fourth quarter due to export limits—measures…
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Amazon joins Microsoft in supporting U.S. push to restrict Nvidia’s China sales – WSJ
Amazon (NASDAQ:AMZN) is aligning with Microsoft (NASDAQ:MSFT) in supporting new U.S. legislation designed to tighten controls on Nvidia’s (NASDAQ:NVDA) chip exports to China, the Wall Street Journal reported Thursday, citing congressional aides and people familiar with the discussions. Microsoft has already publicly endorsed the Gain AI Act—a proposed bill that would require Nvidia and other…
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Bitcoin drops to six-month low under $100,000 as expectations for a December Fed cut fade
Bitcoin (COIN:BTCUSD) sank below the key $100,000 mark on Friday, sliding in tandem with a broader pullback in high-risk assets as traders increasingly doubted the likelihood of the Federal Reserve delivering a rate cut in December. The world’s largest cryptocurrency was also poised to notch its third straight weekly decline, with institutional participation weakening noticeably.…
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Oil rises 1% after Ukrainian strike hits Russian export hub
Oil prices moved higher on Friday, gaining roughly 1% after a Ukrainian drone strike damaged an oil depot in Novorossiysk, one of Russia’s key Black Sea export terminals. By 07:01 GMT, Brent crude futures were up 79 cents, or 1.25%, at $63.80 a barrel, while U.S. West Texas Intermediate crude climbed 82 cents, or 1.38%,…
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Gold edges higher as investors seek safety; fading Fed cut expectations cap gains
Gold prices strengthened in Asian trading on Friday, supported by renewed caution over the U.S. economic outlook that spurred demand for safer assets. However, optimism was tempered as markets continued to scale back expectations for a Federal Reserve rate cut in December. The metal was also on track to record its first weekly advance in…
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Dollar inches up but still set for weekly decline; sterling pulled lower
The U.S. dollar moved slightly higher early Friday as markets further dialed back expectations for a Federal Reserve rate cut in December. Even so, the currency remained on track to finish the week in the red as investors waited for clearer policy signals now that the U.S. government has reopened. At 04:05 ET (09:05 GMT),…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Futures edge lower after steep market rout; Applied Materials cautions on China: key drivers for markets today
U.S. stock futures slipped early Friday, extending the previous session’s sharp selloff — the worst single-day drop for equities in more than a month. Investors were still digesting warnings from Applied Materials (NASDAQ:AMD) that chipmaking equipment spending in China is expected to decline next year due to U.S. export restrictions. Meanwhile, media reports pointed to…
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First mover in the newly opened Mendoza province in Argentina’s copper frontier
In this episode of The Capital Compass, Ricki Lee speaks with James Hedalen, CEO of Kobrea Exploration Corp. (CSE:KBX) (USOTC:KBXFF) — the first foreign pubic company to secure an exploration permit in Argentina’s newly opened Mendoza province. Known globally for its copper-rich regions, Argentina’s Mendoza has historically been closed to exploration — until now. With a vast…
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U.S. Stocks Show Substantial Move To The Downside
After moving sharply lower early in the session, stocks saw even further downside over the course of the trading day on Thursday. The major averages all showed significant moves to the downside after closing mixed for two consecutive sessions. The major averages ended the just off their lows of the session. The Nasdaq plummeted 536.10…
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Clearmind Medicine Shares Surge After Securing Final Approval for AUD Drug Trial Site
Clearmind Medicine Inc. (NASDAQ:CMND) jumped 54.8% in premarket trading after announcing that Hadassah Medical Center in Jerusalem has granted final approval to participate in the company’s Phase 1/2a clinical study of CMND-100. The investigational therapy, CMND-100, is an oral drug candidate based on the company’s MEAI molecule and is being developed as a potential treatment…