Category: Latest News
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U.S. Producer Prices Hold Steady in June, Defying Expectations
Producer prices in the United States remained flat in June, according to data published Wednesday by the Labor Department, surprising analysts who had anticipated a modest increase. The Producer Price Index (PPI) for final demand was unchanged last month, following a revised 0.3% rise in May. Economists had forecast a 0.2% gain, compared to the…
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Dow Jones, S&P, Nasdaq, U.S. Markets Set for Higher Open as Inflation Cools and Earnings Impress
U.S. stock futures pointed to a stronger start on Wednesday, as investor sentiment turned optimistic following softer-than-expected inflation data and upbeat corporate earnings. Futures climbed after the U.S. Labor Department reported that producer prices remained unchanged in June, offering relief on the inflation front. The latest data showed that the producer price index for final…
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Stellantis Shuts Down Hydrogen Fuel Cell Program, Citing Infrastructure and Cost Challenges
Stellantis (NYSE:STLA) announced on Wednesday that it is ending its development efforts for hydrogen fuel cell technology, shifting away from a strategy once seen as part of its alternative energy portfolio. The company pointed to several reasons behind the decision, including insufficient hydrogen refueling infrastructure, high capital expenditure requirements, and a lack of robust consumer…
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BitMine Shares Soar After Peter Thiel Discloses 9.1% Stake
Shares of BitMine Immersion Technologies Inc. (AMEX:BMNR) surged overnight after billionaire venture capitalist Peter Thiel revealed a substantial 9.1% stake in the company, according to a regulatory filing released Tuesday. Thiel, known for his early backing of tech giants like PayPal and Facebook, now holds roughly 5.09 million shares in the crypto mining and digital…
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Gold Prices Recover as Strong U.S. Inflation Data Boosts Dollar, Pressures Metals
Gold prices edged higher during Wednesday’s Asian trading session, bouncing back from earlier losses after U.S. consumer inflation data exceeded expectations, strengthening the dollar and dampening hopes for near-term interest rate cuts. Other precious metals also rebounded after recent declines. Platinum and silver, which had outperformed gold recently, gave up some of their gains this…
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Oil Prices Gain as OPEC+ Holds Demand Forecast and U.S. Inventories Rise Slightly
Oil prices moved higher in Wednesday’s Asian trading session, recovering from earlier losses as OPEC+ maintained its optimistic outlook for global oil demand despite recent production increases. Meanwhile, traders reacted to a modest build in U.S. crude inventories. By 22:17 ET (02:17 GMT), September Brent crude futures were up 0.4% at $69.01 per barrel, while…
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Dow Jones, S&P, Nasdaq, U.S.-Indonesia Trade Deal, ASML’s Cautious Outlook, and Key Earnings Set to Move Markets
U.S. stock futures dipped as investors absorbed mixed inflation data and braced for more economic reports. Several major U.S. companies are gearing up to release their quarterly earnings, while European chip equipment maker ASML (EU:ASML) warned of potential headwinds from rising U.S. tariffs, putting its 2026 growth in question. On the trade front, President Donald…
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Stock Market Wrap: S&P 500 Slips Amid Inflation Concerns, Mixed Bank Earnings
The S&P 500 ended lower on Tuesday as strength in the tech sector, led by Nvidia, failed to outweigh weakness in financial stocks. Mixed earnings results from major U.S. banks and fresh inflation data added to investor uncertainty. At the close of trading, the Dow Jones Industrial Average dropped 436 points, or 1%, the S&P…
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Nasdaq Reaches Record Closing High But Dow, S&P 500 Move Lower
Stocks moved mostly higher early in the session on Tuesday but gave back ground over the course of the trading day. The major averages pulled back well off their highs of the session before eventually closing mixed. While the tech-heavy Nasdaq rose 37.47 points or 0.2 percent to a new record closing high of 20,677.80,…
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Joby Aviation Shares Surge Following Doubling of Production Capacity
Joby Aviation (NYSE:JOBY) saw its stock jump 8.1% after the electric air taxi company revealed it has significantly increased production capacity at its Marina, California facility, effectively doubling its output potential. The expanded manufacturing site now covers roughly 435,500 square feet and is designed to support Joby’s plans to scale up commercial operations. The company…