Category: Latest News
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Western Digital Shares Fall as Global Chip Selloff Hits Memory Sector (WDC)
Western Digital Declines in Broad Semiconductor Retreat Western Digital (NASDAQ:WDC) shares fell 5.4% in premarket trading on Monday to $551, as a sharp selloff across global memory and storage stocks weighed on sentiment despite a broadly positive performance in the wider U.S. equity market. The decline followed heavy losses in Asian semiconductor stocks, prompting investors…
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Tonix Expands TONMYA Medicare Coverage with New Payer Agreement (TNXP)
Medicare Deal Broadens Access to TONMYA Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) has signed a new managed Medicare payer agreement for its fibromyalgia treatment TONMYA® (cyclobenzaprine HCl sublingual tablets), extending the drug’s potential coverage to around 9 million additional Medicare beneficiaries. The agreement is scheduled to become effective on January 1, 2027. U.S. Coverage Expected to…
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TSMC Delivers Record Second-Quarter Revenue as AI Chip Demand Accelerates (TSM)
AI Boom Drives Record Quarterly Sales TSMC (NYSE:TSM) reported record second-quarter revenue on Monday as robust demand for artificial intelligence chips continued to fuel growth for the world’s largest contract semiconductor manufacturer. Revenue for the April-to-June period climbed 36% year-on-year to T$1.27 trillion (US$39.62 billion), according to Reuters calculations, narrowly exceeding the T$1.264 trillion LSEG…
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Mastercard Considers Majority Sale of Vocalink as UK Banks Eye Payments Infrastructure (MA)
Mastercard Weighs Options for Vocalink Ownership Mastercard (NYSE:MA) is reportedly considering selling a majority stake in UK payments infrastructure provider Vocalink back to British banks, according to a report by the Financial Times citing people familiar with the matter. The discussions are understood to be at an early stage, with no formal bids or agreements…
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Stellantis Reports 10% Increase in Second-Quarter Vehicle Shipments as North America Leads Growth
Stellantis (NYSE:STLA) reported preliminary second-quarter vehicle shipments of almost 1.6 million units on Monday, representing a 10% increase compared with the same period last year. The improvement was largely driven by robust demand in North America, while Europe also delivered modest growth following the launch of several new models. North American Sales Deliver Strong Performance…
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Delta Gold Reports Further Progress Across University Quantum Research Programmes
Delta Gold Technologies Plc (USOTC:DGQTF) (AQSE:DGQ) has outlined new developments from its sponsored research partnerships with The Pennsylvania State University (Penn State) and the University of Toronto (U of T), highlighting advances that the company believes reinforce the commercial potential of its growing quantum technology intellectual property portfolio. The update centres on research into gold-based…
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Global Semiconductor Stocks Slide as Record SK Hynix Selloff Ripples Across Markets
Technology stocks came under heavy pressure on Monday after SK Hynix suffered its biggest one-day share price decline on record, triggering a broad selloff across the global semiconductor sector as investors reassessed valuations and growing geopolitical risks. The retreat began in Asia before spreading to Europe and U.S. premarket trading, weighing on chipmakers despite continued…
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Gold Trims Earlier Losses as Middle East Tensions Reinforce Safe-Haven Demand
Gold prices remained lower on Monday but recovered from their session lows as investors balanced renewed geopolitical tensions in the Middle East against growing expectations that higher energy prices could keep U.S. interest rates elevated. Although demand for safe-haven assets increased following the latest military exchanges between the United States and Iran, rising Treasury yields…
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Oil Holds Gains as Hormuz Risks Continue to Support Crude Prices
Oil prices remained firmly higher on Monday despite retreating from an early rally of almost 5%, with investors continuing to assess the potential impact of renewed military tensions between the United States and Iran on global crude supplies. Both Brent and West Texas Intermediate (WTI) futures eased from session highs but continued to trade well…
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Markets Face Fresh Volatility as Oil Rises, Chip Stocks Retreat and Earnings Season Begins: Dow Jones, S&P, Nasdaq, Wall Street Futures
Financial markets started the week on an uncertain note as renewed military tensions between the United States and Iran pushed oil prices sharply higher, pressured equity futures and shifted investor attention toward a crucial week of corporate earnings. At the same time, weakness across Asian semiconductor stocks has prompted questions about near-term sentiment toward artificial…