Category: Latest News
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Baidu to Deploy Fully Autonomous Robotaxis in Dubai by Early 2026
Baidu (NASDAQ:BIDU) is set to launch fully driverless robotaxi services in Dubai by the first quarter of 2026, marking a major step in the Chinese tech company’s expansion of autonomous vehicle operations outside of China. Liang Zhang, managing director of EMEA at Baidu’s Apollo Go division, revealed Thursday that the company has finalized an agreement…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Rise Ahead of PCE Data as Trump Announces Tariffs
U.S. stock futures climbed slightly Friday as investors positioned themselves ahead of a crucial inflation reading that could influence Federal Reserve decisions on interest rates later this year. President Donald Trump also revealed a new set of tariffs, including levies on branded and patented pharmaceuticals, while media reports indicated the administration is considering policies to…
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U.S. Dollar Eyes Weekly Gain as PCE Inflation Data Approaches
The U.S. dollar held steady Friday, following a sharp advance the previous session, as markets awaited the Federal Reserve’s preferred measure of inflation. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against six major currencies, slipped 0.1% to 98.090 after posting a 0.6% gain on Thursday. The index is on track…
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Gold Stabilizes as Tariff Risks Boost Safe-Haven Demand; Markets Await U.S. PCE Data
Gold prices remained largely unchanged in Asian trading Friday, steadying after recent declines from record highs as new U.S. tariff measures kept investors leaning toward safe-haven assets. The market’s attention is turning to upcoming U.S. inflation figures, which have helped maintain interest in gold. Despite posting a series of record highs in recent weeks, the…
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Oil Set for Three-Month High as Russia Limits Fuel Exports
Oil prices edged upward on Friday, poised for their largest weekly gain in three months, as Ukrainian attacks on Russian energy infrastructure prompted Moscow to restrict fuel shipments and brought it close to cutting crude production. Brent futures increased by 21 cents, or 0.3%, to $69.63 a barrel by 0635 GMT, while U.S. West Texas…
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U.S. Stocks Extend Pullback Ahead Of Key Inflation Data
Following the pullback seen over the two previous sessions, stocks saw further downside during trading on Thursday. The major averages continued to give back ground after ending Monday’s trading at new record closing highs. The major averages ended the day well off their lows of the session but still firmly negative. The Nasdaq slid 113.16…
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Cipher Mining Stock Dips After $800 Million Convertible Note Announcement
Cipher Mining Inc (NASDAQ:CIFR) saw its stock fall 1.3% in premarket trading Thursday following the company’s disclosure of an $800 million convertible senior note offering due 2031, targeted at qualified institutional buyers in a private placement. The zero-coupon notes are set to mature on October 1, 2031, unless they are repurchased, redeemed, or converted earlier.…
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Caliber Stock Dips Following $4 Million Chainlink Acquisition
CaliberCos Inc (NASDAQ:CWD) saw its stock decline 4% in premarket trading Thursday after the real estate and digital asset management company disclosed a $4 million purchase of Chainlink (LINK) tokens. The acquisition involved 183,421 LINK tokens at an average cost of $21.81 per token, including fees and expenses. With this purchase, Caliber’s total LINK holdings…
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OFA Group Shares Jump on Plans for AI-Driven Real Estate Tokenization Platform
OFA Group, Inc. (NASDAQ:OFAL) stock surged 20.3% in premarket trading Thursday after the company unveiled plans to launch a Real Estate Equity and Mortgage Assets (RWA) Platform leveraging AI and Web3 technology. The platform is designed to establish a digital marketplace where real estate equity and mortgage-backed assets can be tokenized, fractionalized, and securely traded…
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Cemtrex Shares Plunge Following 1-for-15 Reverse Stock Split Announcement
Cemtrex Inc (NASDAQ:CETX) stock fell sharply 31.3% in premarket trading Thursday after the company revealed plans for a 1-for-15 reverse stock split, a move designed to maintain compliance with Nasdaq listing rules. The reverse split is set to take effect on September 29, 2025, and aims to lift Cemtrex’s share price above the $1 minimum…