Category: Latest News
-
SPAC News From The Last Seven Days
The Last Week’s Deals Blue Acquisition Corp (NASDAQ:BACC) has announced it is to acquire data center infrastructure company Blockfusion. The deal reflects an enterprise value of $594mm and is expected to close in H1 2026. Pantages Capital Acquisition Corporation (NASDAQ:PGAC) has announced a deal to acquire a geological exploration and mining company MacMines Austasia. The…
-
Zoom Raises Full-Year Profit Outlook, Shares Gain in Premarket Trading
Zoom Video Communications (NASDAQ:ZM) boosted its annual earnings guidance after delivering stronger quarterly revenue and profit, supported by continued expansion in its enterprise segment and disciplined cost management. The stock climbed roughly 3% in U.S. premarket trading on Tuesday. During its fiscal third quarter, Zoom reported adjusted earnings of $1.52 per share, surpassing analyst expectations…
-
Semtech Stock Falls After Hours Despite Beating Q3 Expectations
Semtech (NASDAQ:SMTC) posted stronger-than-expected third-quarter results on Monday, though the upbeat earnings failed to lift investor sentiment, with shares sliding 6% in after-hours trading. For the quarter ended October 26, the chipmaker delivered adjusted earnings of $0.48 per share on revenue of $267 million. Both figures came in just ahead of analysts’ forecasts, which called…
-
New Short Bets Hit the S&P 500 as Nasdaq 100 Positioning Strengthens
Investor positioning across major U.S. equity benchmarks continued to drift lower last week, with the S&P 500 seeing an uptick in newly established short positions, Citigroup strategists said. The team, led by Chris Montagu, highlighted that the Nasdaq 100 is bucking this broader trend. Fresh long positions combined with short covering have lifted overall net…
-
Oil Slips on Fears of Oversupply Despite Attention on Ukraine Peace Efforts
Oil prices edged lower on Tuesday as renewed worries about a potential supply glut in 2026 outweighed ongoing uncertainty surrounding Russian crude flows, with negotiations to end the war in Ukraine showing little progress. Brent crude slipped 33 cents, or 0.5%, to $63.04 a barrel at 07:30 GMT, while West Texas Intermediate (WTI) was down…
-
Gold Extends Rally as Traders Boost December Rate-Cut Expectations; U.S. Data Wave Approaches
Gold prices continued their upward momentum in Asian trading on Tuesday, building on strong overnight gains as markets increasingly bet that the Federal Reserve will lower interest rates at its December policy meeting. Growing investor caution ahead of several high-impact U.S. economic releases also supported safe-haven flows, allowing gold to climb even as the dollar…
-
Dollar Stays Firm as Traders Brace for Heavy U.S. Data; ING Highlights Euro Mispricing
The U.S. dollar held its ground on Tuesday as investors stayed on the sidelines ahead of a wave of long-delayed economic releases. The upcoming numbers could be pivotal in determining whether the Federal Reserve cuts rates at its December meeting. At 04:15 ET, the Dollar Index was nearly unchanged at 100.072. Market Pauses Before Key…
-
Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Eye Fresh U.S. Data, Fed Signals, and Upcoming Dell Earnings
U.S. equity futures slipped early Tuesday as traders positioned themselves for a wave of delayed economic releases. A wide set of reports—including retail sales and producer price data—will give investors fresh insight into the state of the economy, while Federal Reserve officials continue to debate the direction of interest rates. Meanwhile, Google (NASDAQ:GOOG) is said…
-
Tesla’s European Sales Nearly Halve in October as BYD Pulls Ahead
Tesla’s performance in Europe weakened sharply in October, with registrations almost cut in half compared with last year. Meanwhile, China’s BYD continued its rapid ascent, outselling Tesla and securing a larger share of the regional market. Fresh data from the European Automobile Manufacturers Association (ACEA) shows that Tesla Inc. (NASDAQ:TSLA) logged 6,964 new registrations across…
-
Stellantis Extends Growth Streak as October Sales Rise Again
Stellantis (NYSE:STLA) continued its positive sales momentum in October, marking the fourth straight month of growth across Europe. Fresh registration data from ACEA shows the automaker—formerly Fiat—recorded a 4.6% year-on-year increase for the month, reaching 157,350 units across the EU, UK and EFTA region. Despite this progress, cumulative registrations for the first ten months of…