Category: Latest News
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Rise Ahead of Jobs Data; OpenAI and Trade Talks Grab Attention
U.S. stock futures edged higher Friday as investors focused on the August nonfarm payrolls report, a key indicator for the Federal Reserve’s next interest rate decision. Expectations remain heavily tilted toward a rate cut later this month, while developments from OpenAI and potential U.S.-Mexico-Canada trade talks added to market attention. Markets poised for jobs data…
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Gold Approaches Record Levels as Markets Eye U.S. Jobs Report
Gold prices edged higher in Friday’s early Asian trading, remaining close to record highs as investors positioned for potential U.S. interest rate cuts. The spotlight is on the upcoming nonfarm payrolls release, which could further influence rate expectations. Spot gold increased 0.4% to $3,559.82 an ounce, while December futures added 0.3% to $3,617.87/oz as of…
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Oil Prices Weaken as OPEC+ Decision Looms and U.S. Stockpiles Rise
Oil prices dipped in early Asian trading on Friday as investors weighed uncertainty over potential production moves by OPEC+, which is scheduled to meet this weekend. Crude futures were headed for weekly losses, with an unexpected increase in U.S. inventories adding pressure and raising concerns about slowing fuel demand. As of 20:38 ET (00:38 GMT),…
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Why Google Remains Apple’s Most Strategic Search Partner
Apple (NASDAQ:AAPL) is planning to roll out a new AI-driven web search feature for Siri, internally referred to as “World Knowledge Answers,” in spring 2026, according to a Bloomberg report. The feature, which may leverage a customized version of Google’s (NASDAQ:GOOG) Gemini model, is designed to enable Siri to provide richer, more conversational responses, approaching…
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Broadcom Rises on OpenAI Partnership Report and Strong Q3 Results
Broadcom (NASDAQ:AVGO) shares surged in premarket trading on Friday following reports of its collaboration with ChatGPT creator OpenAI, coupled with the company’s robust guidance for the current quarter. As of 04:15 ET, Broadcom Inc was trading up 7% in premarket activity. For the quarter ending August 3, Broadcom reported adjusted earnings per share (EPS) of…
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Trump Announces “Fairly Substantial” Semiconductor Tariff Coming Soon
President Trump stated on Thursday that a “fairly substantial” tariff on semiconductors will be introduced in the near future. The announcement was made during a dinner with technology industry leaders at the White House, where Trump took questions from reporters regarding potential trade measures. Trump mentioned that he had discussed the proposed tariff with some…
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Starbucks’ China Operations Attract Bids Worth Up to $5 Billion
Potential buyers seeking a stake in Starbucks’ (NASDAQ:SBUX) China business have submitted offers valuing the company at as much as $5 billion, Reuters reports. Most of the bids are pricing the China unit at roughly ten times its projected EBITDA for 2025. Starbucks has been considering strategic options for its operations in China, which stands…
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OpenAI to Develop Its Own AI Chip in Partnership with Broadcom from 2026
OpenAI is planning to start producing its own artificial intelligence chip beginning in 2026, collaborating with Broadcom Inc (NASDAQ:AVGO), according to a report by the Financial Times citing sources familiar with the matter. The initiative is part of OpenAI’s strategy to meet the surging computing demands of its AI models while reducing dependence on Nvidia…
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U.S. Stocks Move Notably Higher As Jobs Data Adds To Rate Cut Hopes
Stocks moved notably higher over the course of the trading day on Thursday, with the major averages all showing strong moves to the upside after showing a lack of direction early in the session. With the upward move, the S&P 500 ended the day at a new record closing high. The major averages finished the…
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Tesla Sees UK Sales Boost in August as EV Market Expands
Tesla (NASDAQ:TSLA) experienced a 7.63% increase in new-car sales in the United Kingdom in August compared with the same month last year, according to Thursday data from the Society of Motor Manufacturers and Traders (SMMT). The growth in Tesla registrations came alongside a broader 15% rise in battery electric vehicle (BEV) sales during the month,…