Category: Latest News
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Gold recovers from lows after Trump pauses Iran strikes following “productive” talks
Gold prices clawed back part of their earlier losses after U.S. President Donald Trump said Washington had held “good and productive” discussions with Iran and had ordered a five-day delay on any planned military strikes targeting Iranian power plants and energy infrastructure. The move follows warnings from Iran that it would strike Israeli power facilities…
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Brent falls below $100 after Trump signals talks with Iran
Oil prices dropped sharply on Monday after U.S. President Donald Trump said planned strikes on Iranian energy facilities had been temporarily halted following talks with Tehran. As of 08:39 ET, Brent crude futures — the global benchmark — had fallen 6.7% to $99.32 per barrel, while U.S. West Texas Intermediate crude dropped 7% to $91.35…
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Five key themes for markets in the week ahead
The ongoing conflict involving Iran is expected to remain the main focus for investors in the coming days, as markets assess the potential consequences for energy prices and global assets. A preliminary reading of U.S. business activity could offer early insight into how the conflict is affecting the broader economy, while cruise operator Carnival Corp.…
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United shares fall as airline trims flights amid rising fuel costs
Shares of United Airlines (NASDAQ:UAL) declined in premarket trading Monday after the carrier announced plans to scale back additional unprofitable routes over the next two quarters as it prepares for a prolonged period of high jet fuel prices linked to the conflict involving Iran. The stock dropped 1.7% in premarket trading by 05:59 ET. The…
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Venture Global secures five-year LNG supply agreement with Vitol starting in 2026
Venture Global Inc. (NYSE:VG) announced it has entered into a binding deal with energy trader Vitol for the sale of roughly 1.5 million tonnes per year of U.S. liquefied natural gas over a five-year period beginning in 2026. According to the company, the LNG will be sourced from Venture Global’s network of production facilities. The…
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Nvidia could modify Feynman AI platform amid TSMC capacity constraints – report
Nvidia (NASDAQ:NVDA) may be forced to adjust the design of its upcoming Feynman artificial intelligence platform because of limited manufacturing capacity at Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), according to a report published Monday by Taiwan’s Economic Daily News. The report said demand for TSMC’s cutting-edge 2-nanometer chip production has surged, driven by major AI companies…
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Lockheed Martin conducts first live tracking test with SPY-7 radar
Lockheed Martin (NYSE:LMT) has carried out the first live target tracking test of its SPY-7 radar system, the defense contractor said, in an exercise conducted alongside the U.S. Department of War, the Missile Defense Agency and Japan’s Ministry of Defense. The SPY-7 radar used during the test is slated for deployment in Japan, where it…
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Synopsys gains after report Elliott has taken ‘multibillion-dollar’ stake
Shares of Synopsys Inc (NASDAQ:SNPS) moved higher on Monday following a report that activist hedge fund Elliott Investment Management has accumulated a “multibillion-dollar” position in the company. The Wall Street Journal reported on Sunday, citing people familiar with the matter, that Elliott has built the sizeable stake in the electronic design automation firm. Synopsys shares…
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Musk says SpaceX and Tesla to develop advanced chip plants in Austin
Elon Musk said on Sunday that SpaceX and Tesla (NASDAQ:TSLA) plan to construct two advanced semiconductor manufacturing plants at a large new facility in Austin, Texas — one focused on powering vehicles and humanoid robots, and another aimed at supplying artificial intelligence data centers operating in space. The remarks came a day after Musk unveiled…
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Gold miners slide as bullion deepens losses on rising rate expectations
Shares of major gold mining companies fell sharply on Monday as gold prices dropped to their lowest level in four months, extending a steep decline from last week as geopolitical tensions and inflation concerns push investors to reassess the outlook for global interest rates. Leading producers including Newmont (NYSE:NEM), Barrick (NYSE:B), Agnico Eagle (NYSE:AEM) and…