Category: Latest News
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Slip Slightly Ahead of Trump-Xi Call; Key Market Moves
U.S. stock futures dipped modestly Friday after Wall Street’s major indices posted fresh record closes in the previous session. Investors are now anticipating a phone call between President Donald Trump and Chinese leader Xi Jinping, with a potential deal regarding TikTok’s U.S. operations likely to be on the agenda. Meanwhile, FedEx posted quarterly results that…
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Dollar Strengthens on Jobs Report; Yen Rises After BoJ Policy Meeting
The U.S. dollar inched higher on Friday, supported by encouraging employment data, while the Japanese yen gained following a relatively hawkish Bank of Japan meeting. By 04:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against six major currencies, was up 0.2% at 97.175, recovering from earlier losses that had brought it to…
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Gold Rises Toward Fifth Straight Weekly Gain After Fed Cuts Rates
Gold prices edged up in Asian trading on Friday, extending gains for a fifth consecutive week following the U.S. Federal Reserve’s widely expected interest rate reduction earlier this week. Spot gold increased 0.2% to $3,650.14 an ounce by 02:25 ET (06:25 GMT), after reaching an all-time peak of $3,707.40 on Wednesday. U.S. December Gold Futures…
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Oil Falls as Demand Worries Overshadow Fed Rate Cut Optimism
Oil prices dipped on Friday as concerns about U.S. fuel demand outweighed expectations that the Federal Reserve’s first rate cut of the year would encourage greater consumption. At 0656 GMT, Brent crude futures were down 17 cents, or 0.3%, at $67.27 a barrel, while U.S. West Texas Intermediate (WTI) futures lost 19 cents, also 0.3%,…
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U.S. Stocks Reach New Record Highs As Intel Skyrockets
After moving mostly higher early in the session, stocks continued to turn in a strong performance throughout the day on Thursday. The major averages all moved to the upside after ending yesterday’s trading mixed, reaching new record closing highs. The tech-heavy Nasdaq led the way higher, jumping 209.40 points or 0.9 percent to 22,470.73. The…
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DraftKings shares hold slight gains despite Bear Cave short report
DraftKings (NASDAQ:DKNG) saw its stock inch up 0.4%, even after being flagged as a short target in a report from The Bear Cave, which warns that prediction markets are emerging as a competitive challenge to the sports betting giant. According to the report, platforms such as Kalshi are challenging the traditional DraftKings–FanDuel duopoly by offering…
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Nektar Therapeutics shares jump after positive atopic dermatitis trial results
Nektar Therapeutics (NASDAQ:NKTR) stock rose 7% Thursday following the announcement of encouraging outcomes from its REZOLVE-AD Phase 2b study of rezpegaldesleukin for patients with moderate-to-severe atopic dermatitis. The company reported that rezpegaldesleukin met the primary endpoint of mean improvement in Eczema Area and Severity Index (EASI) at week 16 compared with baseline across all treatment…
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Cardlytics shares surge after bullish mention from Citron Research
Cardlytics (NASDAQ:CDLX) saw its stock jump 30% following a positive report from Citron Research, which labeled the company as the “next fallen angel poised for significant gains.” Citron highlighted Cardlytics’ strong partnerships with major banks and financial institutions—including American Express, Chase, Bank of America, Wells Fargo, Citibank, and Lloyds—as a major advantage. The research firm…
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Jumia Technologies shares rise on Google’s major investment in African digital infrastructure
Jumia Technologies AG (NYSE:JMIA) saw its stock climb 2% after Google announced substantial investments aimed at expanding internet connectivity across Africa, a key region for Jumia’s e-commerce operations. Google revealed that it has surpassed its 2021 commitment of $1 billion to enhance African internet infrastructure ahead of schedule, planning to establish four strategic subsea cable…
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Laser Photonics shares surge after successful live drone neutralization
Laser Photonics Corporation (NASDAQ:LASE) jumped 32.9% Thursday following news that its Laser Shield Anti-Drone (LSAD) System successfully neutralized a live drone during field testing. The industrial laser systems company, in collaboration with Fonon Technologies, reported that the LSAD system effectively disabled an active drone in short-range trials. This milestone represents a major step toward commercial…