Category: Latest News
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Palantir renews Stellantis partnership for five years
Palantir Technologies Inc. (NASDAQ:PLTR) has renewed and expanded its collaboration with Stellantis (NYSE:STLA) through a new five-year agreement, extending a partnership that began in 2016. The deal will continue to support Stellantis’ data management and artificial intelligence initiatives across various areas of its global operations. As part of the renewed arrangement, Stellantis plans to broaden…
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Aluminium surges as supply concerns grow after Iranian strikes on Middle East plants
Aluminium prices jumped on Monday as traders prepared for the possibility of a deeper supply shock after Iranian attacks over the weekend struck two of the Middle East’s largest aluminium producers. The benchmark three-month aluminium contract on the London Metal Exchange climbed 3.85% to $3,423 per metric ton by 0718 GMT. Earlier in the session…
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Gold edges higher as Iran war escalation remains in focus
Gold prices posted modest gains during Asian trading on Monday after a volatile week, as markets continued to monitor the risk of further escalation in the U.S.-Israel conflict with Iran. Spot gold rose 0.4% to $4,509.51 an ounce by 23:36 ET (03:36 GMT), while gold futures also climbed 0.4% to $4,537.40 an ounce. Last week,…
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Oil jumps above $115 a barrel after Yemen’s Houthis strike Israel
Oil prices climbed sharply on Monday after Yemen’s Houthi movement carried out attacks against Israel over the weekend, raising concerns that the conflict in the Middle East could widen further. Ongoing clashes involving the U.S., Israel and Iran also suggested little sign of easing tensions. Tehran said it was prepared for a potential U.S. ground…
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Oil climbs, futures rise as Iran war enters second month — what’s moving markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
Futures tied to the major U.S. equity indices moved higher, as investors assessed the outlook for the ongoing conflict in the Middle East. Oil prices remained above $100 per barrel amid reports of U.S. troop deployments to the region and speculation that President Donald Trump is weighing a possible operation to extract uranium from Iran.…
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BlackRock’s Fink warns AI boom could deepen inequality without wider investment access
BlackRock Inc. Chief Executive Officer Larry Fink cautioned that the rapid rise of artificial intelligence could further concentrate wealth among large corporations and investors unless more people gain access to financial markets. In his annual letter to investors, Fink said much of the wealth generated in recent decades has largely benefited those who already held…
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Can U.S. markets absorb a $3 trillion IPO wave? Goldman weighs potential impact
A possible surge of mega initial public offerings valued at up to $3 trillion is pushing major index providers to review their inclusion rules, sparking debate over how U.S. equity markets would handle such a large influx of new listings. According to Goldman Sachs strategists, the ten largest venture-backed private companies in the United States…
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Investors return to cash in shift echoing 2022, JPMorgan says
Investors have begun increasing their cash holdings in a move that resembles market behavior seen in 2022, as geopolitical tensions and policy uncertainty continue to weigh on sentiment, according to a research note from JPMorgan. Quantitative strategist Nikolaos Panigirtzoglou said market participants have been “abandoning equities, bonds and gold all at the same time, preferring…
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Geopolitical Tensions and Inflation Fears Drive Broad Sell-Off on Wall Street
U.S. stocks closed sharply lower on Friday as escalating geopolitical tensions in Iran and mounting inflation concerns sent investors rushing for the exits. Crude oil prices topped $110 a barrel, amplifying worries that persistently high energy costs—compounded by ongoing tariff pressures—could slow economic growth while keeping prices elevated. The sell-off capped a bruising week for…
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Rising Oil Prices Could Keep Pressure on Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures indicate a weaker opening for markets on Friday, suggesting equities may continue to fall after the sharp losses recorded in the previous session. A renewed surge in crude oil prices is expected to weigh on investor sentiment, with global benchmark Brent crude climbing back above $110 per barrel after jumping more…