Category: Latest News
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Gold Prices Slip as Traders Balance U.S. Shutdown Hopes and Fed Uncertainty
Gold prices edged lower in Asian trading on Wednesday, easing after a two-day climb as renewed optimism over the possible reopening of the U.S. government encouraged risk-taking and strengthened the dollar. Investors also turned cautious amid growing uncertainty about the Federal Reserve’s next rate decision. By 23:42 ET (04:42 GMT), spot gold was down 0.5%…
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Crude Prices Slip as Markets Await U.S. Shutdown Resolution
Oil prices edged lower in early Asian trading on Wednesday, as optimism about an imminent U.S. government reopening was tempered by lingering worries over global oversupply and a stronger dollar. Traders remained cautious, with the market struggling to find direction amid conflicting signals from supply and demand trends. As of 20:21 ET (01:21 GMT), Brent…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Rise as House Vote to End Shutdown Nears; Cisco and Chevron in Focus
U.S. stock futures edged higher on Wednesday, with markets awaiting a key vote in the House of Representatives to end the government shutdown that has stretched beyond 40 days. Republican lawmakers, who control the chamber, expressed confidence that the funding bill will pass after receiving Senate approval earlier this week. If the measure succeeds, it…
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Wall Street Ends Mixed On Tuesday
Following the rally seen to start the week, the major U.S. stock indexes moved in starkly opposite directions during trading on Tuesday. While the Dow extended the strong upward move seen on Monday and the S&P 500 (SPI:SP500) recovered from early weakness, the tech-heavy NASDAQ has slipped back to the downside. The Dow jumped 559.33…
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Papa John’s shares slide after buyout report vanishes from news site
Shares of Papa John’s International (NASDAQ:PZZA) fell 6% on Tuesday after a report alleging that the pizza chain was close to being acquired in a take-private deal abruptly disappeared from ABC Money’s website. The company’s stock had soared nearly 19% on Monday after ABC Money UK published an article claiming that TriArtisan Capital Advisors was…
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Tenon Medical shares dip after announcing $2.85 million PIPE financing
Shares of Tenon Medical Inc. (NASDAQ:TNON) slipped 2.5% on Tuesday after the medical device company announced the pricing of a $2.85 million private investment in public equity (PIPE) transaction. Under the terms of the deal, Tenon will issue approximately 2.22 million shares of common stock along with warrants to purchase an equal number of shares.…
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Blaize Holdings shares sink after announcing $30 million PIPE financing deal
Shares of Blaize Holdings Inc. (NASDAQ:BZAI) dropped 15.1% on Tuesday after the edge artificial intelligence computing company announced a $30 million private investment in public equity (PIPE) agreement with Polar Asset Management Partners. Under the deal, Blaize will issue 9,375,000 shares of common stock at $3.20 per share, alongside warrants to purchase an additional 9,375,000…
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VSee Health shares surge after securing FedRAMP approval and expanding ICU robotics program
Shares of VSee Health Inc. (NASDAQ:VSEE) jumped 10.7% on Tuesday after the telehealth technology company received FedRAMP Moderate authorization, a key certification that allows it to provide secure telemedicine solutions to U.S. federal agencies. The milestone coincides with the company’s push into robotic-assisted care for intensive care units (ICUs). The approval gives VSee the green…
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Century Aluminum shares slide after Glencore moves to offload major stake
Shares of Century Aluminum Co. (NASDAQ:CENX) fell 11% on Tuesday after reports surfaced that Glencore Plc plans to sell a substantial portion of its holdings in the U.S.-based aluminum producer through an overnight block trade. According to Bloomberg, Glencore is aiming to raise as much as $284.9 million by selling 9 million Century Aluminum shares.…
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UBS says three key forces will keep fueling the stock market rally
UBS expects U.S. equities to extend their gains, supported by a combination of Federal Reserve policy easing, strong corporate earnings, and accelerating artificial intelligence (AI) investment, according to a research note published Tuesday. “The Federal Reserve’s policy easing, robust corporate profits, and strong AI spending have been the key market drivers, in our view, and…