Category: Latest News
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Meta shares rise after report of potential 20% workforce reduction to manage AI spending
Shares of Meta (NASDAQ:META) moved higher in premarket trading on Monday following a report that the company is weighing substantial job cuts as it increases investment in artificial intelligence infrastructure. Reuters reported over the weekend, citing people familiar with the matter, that Meta is evaluating layoffs that could impact more than 20% of its workforce…
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Five key market drivers to watch in the week ahead
The ongoing conflict involving Iran and its impact on global oil prices remains the dominant theme for financial markets as the new trading week begins. However, investors will also be monitoring several other potential catalysts. Alongside developments in the Middle East, Nvidia (NASDAQ:NVDA) CEO Jensen Huang is scheduled to deliver a closely watched presentation on…
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Shell sees global LNG demand climbing as much as 85% by 2050
Shell (NYSE:SHEL) said on Monday that worldwide demand for liquefied natural gas is projected to rise significantly in the coming decades, increasing from about 422 million tonnes per year in 2025 to between 610 million and 780 million tonnes annually by 2050. According to the energy group, this implies growth of roughly 45% to 85%…
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Iran conflict enters third week; Nvidia event and Fed decision in focus for markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures edged higher on Monday as investors prepared for a week filled with potential market-moving developments. The conflict involving Iran continues to intensify, driving oil prices higher and stoking concerns about inflation. At the same time, a major developer conference hosted by Nvidia (NASDAQ:NVDA) could shed light on the next phase of the…
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Oil climbs as concerns over Middle East export infrastructure return to focus
Oil prices moved higher on Monday as markets once again turned their attention to risks facing oil export facilities in the Middle East, despite calls from U.S. President Donald Trump for countries to help secure the Strait of Hormuz, a key route for global energy transport. Brent crude futures rose $2.73, or 2.7%, to $105.87…
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Gold holds steady as Iran conflict continues and markets await Fed decision
Gold prices stabilized on Monday during Asian trading after briefly slipping below a key psychological level earlier in the session. Investors remained focused on developments in the ongoing conflict involving the U.S., Israel and Iran. Traders also stayed cautious ahead of the Federal Reserve’s policy meeting later this week, with concerns that the central bank…
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Bitcoin climbs above $74K to six-week high as short squeeze fuels rally
Bitcoin (COIN:BTCUSD) pushed past the $74,000 mark on Monday, reaching its highest level in roughly six weeks as a wave of short liquidations lifted prices, although investors remained cautious amid rising geopolitical tensions in the Middle East. The leading cryptocurrency was last trading 3.4% higher at $73,892.4 by 02:21 ET (06:21 GMT), after earlier touching…
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DroneShield, NEO Battery, and BYD: Innovations in a billion-dollar market
Drones are rapidly changing modern warfare. Today, inexpensive aircraft can threaten even expensive military technology, pushing traditional defense systems to their limits. At the same time, the demand for powerful batteries is increasing, as range and operating time could become decisive factors. AI-supported drone defense, high-performance batteries, and new battery technologies are thus at the…
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Oil Near $100 Viewed as Manageable for U.S. Economy, Capital Economics Says
Crude prices approaching $100 per barrel may not be especially harmful for the U.S. economy, according to research firm Capital Economics, which notes that the country’s position as a modest net exporter of energy helps soften the impact. Stephen Brown, deputy chief North America economist at Capital Economics, wrote in a note this week that…
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Q4 signaled investor rotation “from gold to black gold,” BofA says
Investor positioning began shifting in the fourth quarter as money managers rotated capital “from gold to black gold,” according to a note released Tuesday by Bank of America strategist Savita Subramanian. Subramanian pointed out that investors had already started increasing exposure to Energy before the latest U.S.-Israel strikes on Iran, with the subsequent retaliatory attacks…