Category: Latest News
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CrowdStrike Shares Rise 4.6% After CEO Comments on AI and Cybersecurity
CrowdStrike (NASDAQ:CRWD) shares rose 4.6% in pre-market trading after Chief Executive George Kurtz responded to comments from Anthropic CEO Dario Amodei about the pace of advanced artificial intelligence development. Kurtz posted on social media over the weekend in response to an essay by Amodei calling for an industry-wide slowdown in the development of advanced AI…
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Apple iPhone 18 Pro Delivery Lead Times Below Last Year, JPMorgan Says
Early delivery lead times for Apple (NASDAQ:AAPL)’s iPhone 18 Pro and Pro Max are generally shorter than those recorded during last year’s iPhone 17 launch, according to JPMorgan, which said the data could partly reflect consumers waiting for Apple’s planned foldable device. Apple announced the iPhone 18 series on September 9, with pre-orders for the…
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Brookfield in Talks to Acquire PGP Glass From Blackstone for Up to $1.5 Billion, ET Reports
Brookfield (NYSE:BAM) is in advanced negotiations to acquire Indian glass-packaging company PGP Glass from Blackstone (NYSE:BX) for between $1.3 billion and $1.5 billion, The Economic Times reported on Monday, citing multiple people familiar with the matter. The potential transaction would provide Blackstone with an exit from an investment it has held since 2020, according to…
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Chevron Considers Argentina and Mediterranean Expansion as LNG Portfolio Grows
Chevron (NYSE:CVX) is assessing opportunities to expand its global natural gas portfolio in regions including Argentina and the eastern Mediterranean as buyers place greater emphasis on energy supply diversification, according to President of Global Gas Freeman Shaheen. Global gas markets have faced supply disruptions following the start of the Ukraine war in 2022 and the…
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Rum Group Shares Rise 28% After Report Links Anthropic to $13.7 Billion Contract
Rum Group (NASDAQ:RUM) shares rose as much as 28% in premarket trading on Monday following a report that artificial intelligence company Anthropic had entered into a $13.7 billion agreement with the company for computing services. The Information reported that Anthropic was the customer behind the contract, which Rum Group had previously disclosed without identifying the…
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Dell Shares Reach Record High After RBC Starts Coverage With Outperform Rating
Dell Technologies (NYSE:DELL) shares rose 11.98% on Friday to close at a record $567.29 after RBC Capital Markets initiated coverage of the company with an outperform rating. RBC set a price target of $640 for Dell, citing the company’s server order backlog and demand for infrastructure designed for artificial intelligence workloads. The stock’s Friday advance…
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Five Things to Watch in Markets This Week: AI, Fed, BOJ, BOE and Hormuz
Artificial intelligence policy, three major central bank decisions and developments surrounding the Strait of Hormuz are among the main issues for markets this week. Comments from Anthropic CEO Dario Amodei about slowing the development of advanced AI models have drawn attention to the potential implications for technology investment. Meanwhile, the Federal Reserve and Bank of…
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Oil Prices Rise More Than 3% After Houthi Attacks and Hormuz Talks Delay
Oil prices rose more than 3% early on Monday as further Houthi attacks on Saudi Arabia, strikes affecting shipping around the Strait of Hormuz and the postponement of planned regional talks increased concerns about Middle East supply disruptions. Brent crude futures gained as much as 3.5% to $108.41 a barrel before easing to $107.37 by…
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Gold Falls Toward $4,300 as US Inflation Raises Fed Rate Hike Expectations
Gold prices declined on Monday as higher-than-expected US inflation data increased market expectations for a Federal Reserve interest rate increase this week, while the dollar strengthened and oil prices moved higher. At 02:28 ET (06:28 GMT), XAU/USD was down 0.4% at $4,331.84 an ounce, while gold futures declined 0.8% to $4,371.65. Silver fell 1.0% to…
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US Stock Futures Fall as AI Safety Concerns and Middle East Developments Weigh on Markets: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved lower on Monday as investors assessed calls for a slowdown in advanced artificial intelligence development, upcoming Federal Reserve policy decisions and renewed uncertainty surrounding oil supplies from the Middle East. At 03:04 ET (07:04 GMT), Dow futures were down 63 points, or 0.1%, while S&P 500 futures declined 46 points, or…