Category: Latest News
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Gold Prices Hover Below $3,400/oz Amid Mixed Signals from Middle East and U.S. Fed Watch
During Tuesday’s Asian trading session, gold prices held steady just under the $3,400 per ounce level as investors absorbed conflicting developments related to the Israel-Iran conflict and awaited guidance from the U.S. Federal Reserve. Spot gold edged up slightly by 0.2% to $3,392.25 per ounce, while August gold futures slipped 0.2% to $3,410.70 as of…
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U.S. Stocks Show Strong Move Back To The Upside After Last Friday’s Sell-Off
After moving sharply higher early in the session, stocks gave back some ground over the course of the trading day on Monday but continued to turn in a strong performance. With the upward move, the markets largely offset the steep losses seen during Friday’s session. The major averages all ended the day firmly in positive…
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Dow Jones Rebounds on Hope for Easing Middle East Tensions
The Dow Jones Industrial Average gained about 350 points on Monday, buoyed by hopes of easing tensions in the Israel-Iran conflict. Investor optimism stems from reports of potential peace talks, despite conflicting statements from Iranian media. Nonetheless, ongoing trade concerns continue to suppress overall bullish momentum. The Federal Reserve is anticipated to maintain interest rates…
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The Trade Desk Shares Slip on Worries Over Amazon-Roku Advertising Alliance
Shares of The Trade Desk (NASDAQ:TTD) dropped 3% on Monday after investors weighed the implications of a new advertising collaboration between Amazon Ads (NASDAQ:AMZN) and Roku (NASDAQ:ROKU), which could intensify competition in the connected TV (CTV) ad space. Under the new partnership, Amazon and Roku are joining forces to build what they call the largest…
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Trump Media Submits Draft Filing for Bitcoin and Ethereum ETF
Trump Media & Technology Group Corp. (NASDAQ:DJT), the parent company of Truth Social, has submitted a preliminary registration statement to the U.S. Securities and Exchange Commission (SEC) for a new cryptocurrency exchange-traded fund (ETF), the company announced Monday. The proposed fund, named the Truth Social Bitcoin and Ethereum ETF (ticker: B.T.), will directly hold digital…
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Commerce Bancshares to Acquire FineMark in $585 Million All-Stock Merger
Commerce Bancshares (NASDAQ:CBSH) announced Monday it will acquire Florida-based FineMark Holdings in an all-stock transaction worth approximately $585 million. The move reflects a broader trend of consolidation among U.S. regional banks as institutions seek to scale operations amid increasing costs tied to technology upgrades and regulatory compliance. Under the agreement, FineMark shareholders will receive 0.69…
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Meta Shares Rise on Plans to Introduce Ads to WhatsApp
Meta Platforms (NASDAQ:META) saw its shares rise by 2.8% in pre-market trading following its announcement that advertisements will soon be introduced on WhatsApp—a first for the messaging platform. This marks a major step toward monetizing one of Meta’s most widely used services. The new ad placements will appear in WhatsApp’s “Updates” tab, which is accessed…
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New York Manufacturing Activity Falls For Fourth Month
According to a report released by the Federal Reserve Bank of New York on Monday, New York manufacturing activity fell for a fourth consecutive month in June. The New York Fed said its general business conditions index slid to a negative 16.0 in June from a negative 9.2 in May, with a negative reading indicating…
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Dow Jones, S&P, Nasdaq, Futures Pointing To Initial Rebound On Wall Street
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a higher open on Monday, with stocks likely to regain ground following the sell-off seen last Friday. Traders may look to pick up stocks at somewhat reduced levels following the previous session’s nosedive, which came after Israel launched a…
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TMC Shares Climb on $85.2M Investment Deal with Korea Zinc
Battery metals exploration company TMC (NASDAQ:TMC) saw its shares rise as much as 14% in premarket trading following news of an $85.2 million strategic investment from Korea Zinc. The investment, made through a private placement of common stock and warrants, grants Korea Zinc a 5% equity stake in TMC. Under the terms of the agreement,…