Category: Latest News
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MongoDB Shares Surge 30% on Strong Atlas Growth, Raises Outlook
MongoDB (NASDAQ:MDB) stock jumped about 30% in premarket trading Wednesday after the database company exceeded second-quarter expectations and provided third-quarter and full-year guidance above analyst forecasts. “MongoDB delivered strong second quarter results across the board, highlighted by Atlas revenue growth accelerating to 29%,” said CEO Dev Ittycheria. “We also delivered meaningful margin outperformance as we…
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Dollar rebounds despite Fed turmoil; euro under pressure
The U.S. dollar climbed on Wednesday, though gains were limited as concerns lingered over the Federal Reserve’s independence following President Donald Trump’s move to remove Governor Lisa Cook. By 05:25 ET (09:25 GMT), the Dollar Index, which tracks the greenback against a basket of six major currencies, was up 0.4% at 98.487, recovering from earlier…
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UBS Flags Intensifying Lithium Supply Disruptions in China, Expects Higher Prices
UBS has revised its lithium price forecasts upward following an in-depth review showing that widespread and prolonged supply interruptions in China could affect as much as 15% of global lithium output. The bank now anticipates spodumene prices rising 9-32% and lithium chemical prices climbing 4-17% between 2025 and 2028, reflecting the impact of mining suspensions…
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Ford Issues Recall for Over 355,000 U.S. Vehicles Over Dashboard Glitch
Ford Motor Company (NYSE:F) is initiating a recall affecting more than 355,000 vehicles in the United States due to a malfunction in the instrument panel display, the National Highway Traffic Safety Administration (NHTSA) reported Wednesday. The NHTSA said the defect will be corrected through software updates. Ford intends to address the dashboard cluster issue either…
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Gold Pulls Back After Two-Week High Amid Fed Controversy
Gold prices retreated in Asian trading on Wednesday following a rally to a two-week peak, triggered by concerns over U.S. President Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook, raising questions about the central bank’s independence. The yellow metal initially jumped after Trump’s late-Monday announcement to immediately dismiss Cook over alleged mortgage fraud,…
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Oil Markets Steady as Secondary Tariffs on India Take Center Stage
Oil prices held near recent lows in Asian trading on Wednesday, after sharp declines in the previous session, as traders weighed the impact of new U.S. tariffs on India and smaller-than-anticipated declines in U.S. crude inventories. By 22:00 ET (02:00 GMT), Brent crude for October delivery edged down 0.1% to $67.16 per barrel, while October…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Watch: Nvidia Earnings, India Tariffs, and French Political Turmoil
U.S. stock futures edged up Wednesday as investors anticipated key earnings from AI heavyweight Nvidia, which could shape market sentiment in the near term. At the same time, hefty U.S. tariffs on Indian imports have now taken effect, while France faces renewed political uncertainty. Nvidia’s results take center stage Nvidia (NASDAQ:NVDA), a bellwether for the…
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U.S. Stocks Finish Choppy Trading Day Mostly Higher
Stocks showed a lack of direction throughout much of the trading session on Tuesday but managed to end the day mostly higher. The major averages all moved back to the upside after ending the previous session in negative territory. The major averages finished the day just off their highs of the session. The Nasdaq advanced…
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Allarity Therapeutics Wins FDA Fast Track Designation for Ovarian Cancer Drug Candidate Stenoparib
Allarity Therapeutics, Inc. (NASDAQ:ALLR) announced Tuesday that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to stenoparib, its investigational treatment for advanced ovarian cancer. The company’s shares rocketed on the news, gaining around 95% in pre-market trading. Fast Track status is intended to speed up the development and review of drugs…
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Spotify to Launch In-App Messaging to Boost User Engagement
Spotify Technology (NYSE:SPOT) is set to roll out a new messaging feature for both its free and premium users as part of efforts to attract a larger audience and strengthen its position against competitors. The Swedish streaming service announced Tuesday that the update will allow users to chat and share music with others they’ve previously…