Category: Latest News
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PDD jumps in U.S. premarket as China fine comes in lighter than expected
Shares of PDD (NASDAQ:PDD) climbed sharply in U.S. premarket trading on Wednesday after news that the company had been hit with a relatively small regulatory penalty in China. According to a report by Chinese state news agency Xinhua, PDD was fined 100,000 yuan ($14,359) by a district-level taxation bureau in Shanghai for failing to submit…
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Corvus Pharmaceuticals slides premarket after unveiling $150m equity raise
Shares of Corvus Pharmaceuticals (NASDAQ:CRVS) fell sharply in premarket trading on Wednesday, down about 9.9%, after the company disclosed plans for a $150 million stock offering. The biopharmaceutical group did not release further information on the structure or pricing of the proposed issuance in its initial announcement. Equity offerings are commonly viewed as dilutive for…
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Oil slips as focus shifts to rising U.S. inventories despite Kazakhstan outage
Oil prices moved lower on Wednesday as expectations of a build in U.S. crude stockpiles overshadowed a temporary shutdown at two major oilfields in Kazakhstan, while broader sentiment was also weighed down by geopolitical tensions stemming from U.S. tariff threats linked to Greenland. Brent crude futures were down 97 cents, or 1.5%, at $63.95 a…
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Gold surges to fresh all-time high close to $4,900/oz as Greenland tensions and weak dollar fuel demand
Gold prices rallied sharply on Wednesday, setting new record highs and moving closer to the $4,900 an ounce mark, as escalating tensions surrounding Greenland and renewed trade frictions unsettled global markets and pushed investors toward safe-haven assets. Spot gold rose 2.3% to $4,872.13 an ounce by 01:13 ET (06:13 GMT), after touching a fresh all-time…
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U.S. futures edge higher as markets await Trump’s Davos speech; Netflix outlook, Berkshire filing in focus: Dow Jones, S&P, Nasdaq, Wall Street
Futures tied to the main U.S. equity benchmarks ticked up on Wednesday as unsettled markets looked ahead to President Donald Trump’s address at the annual World Economic Forum in Switzerland. Investor attention remains fixed on Trump’s push for U.S. control of Greenland — and his warnings of additional tariffs on several European countries — themes…
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A clean technology company on the verge of transformational growth
The US green energy transition, while making clear and substantial strides, will rely on fossil fuels for decades to come as infrastructure slowly shifts towards sustainability. Coal is a prime example, with coal-fired plants accounting for 16 per cent of domestic power in 2023, a figure expected to decrease but remain significant into 2050 and beyond, highlighting how utilities across…
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Renewed Trade War Concerns Spark Sell-Off On Wall Street
After ending last Friday’s choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Tuesday. The major averages all moved sharply lower, adding to the losses posted last week. The major averages saw further downside late in the session, closing near their worst levels of the day. The…
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Baidu shares edge higher as Ernie AI user base reportedly tops 200 million
Shares of Baidu (NASDAQ:BIDU) gained about 1% on Tuesday after reports said the company’s flagship artificial intelligence assistant has crossed a major usage threshold. According to The Wall Street Journal, citing people familiar with the matter, Baidu’s Ernie Assistant has now surpassed 200 million monthly active users. The milestone comes as Baidu continues to embed…
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FuelCell Energy shares climb on plans for large-scale data center power rollout
Shares of FuelCell Energy Inc (NASDAQ:FCEL) rose 4.5% on Tuesday after the company announced a strategic collaboration with Sustainable Development Capital LLP (SDCL) to assess the deployment of up to 450 megawatts of fuel-cell power capacity for data centers and other mission-critical facilities worldwide. The partnership targets the rapidly rising electricity needs of artificial intelligence…
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AppLovin shares fall after short-seller report alleges money-laundering links
Shares of AppLovin Corp (NASDAQ:APP) slid 4.7% in premarket trading on Tuesday after a sharply critical report from short-seller CapitalWatch accused the software company of being entangled in global money-laundering networks. In the report, CapitalWatch alleged that AppLovin has become a “safe haven” for illicit capital, claiming its ownership structure is connected to a Southeast…