Category: Latest News
-
VNET Group tops revenue forecasts on strong AI-driven demand; shares rise
VNET Group, Inc. (NASDAQ:VNET) reported fourth-quarter revenue that came in above analyst expectations, supported by strong momentum in its wholesale data center segment, although earnings per share were slightly below forecasts. The company’s shares gained about 1% in premarket trading on Monday following the announcement. The carrier- and cloud-neutral data center services provider posted quarterly…
-
Sable Offshore stock jumps after Trump administration orders drilling restart
Shares of Sable Offshore (NYSE:SOC) gained more than 6% in premarket trading on Monday after the Trump administration instructed the company to resume oil drilling activities off the coast of Southern California. U.S. Energy Secretary Chris Wright notified Sable Offshore late Friday that operations should restart at the Santa Ynez unit as well as the…
-
Oil rally and geopolitical tensions shake markets, but JPMorgan advises buying weakness
Rising crude prices and growing geopolitical risks have started to pressure investor confidence, yet JPMorgan strategists say the broader market environment still supports using recent pullbacks as an opportunity to increase exposure to equities. “The initial consensus by most was to buy the dip, but since the 2nd weekend of conflict many pundits started to…
-
Meta shares rise after report of potential 20% workforce reduction to manage AI spending
Shares of Meta (NASDAQ:META) moved higher in premarket trading on Monday following a report that the company is weighing substantial job cuts as it increases investment in artificial intelligence infrastructure. Reuters reported over the weekend, citing people familiar with the matter, that Meta is evaluating layoffs that could impact more than 20% of its workforce…
-
Five key market drivers to watch in the week ahead
The ongoing conflict involving Iran and its impact on global oil prices remains the dominant theme for financial markets as the new trading week begins. However, investors will also be monitoring several other potential catalysts. Alongside developments in the Middle East, Nvidia (NASDAQ:NVDA) CEO Jensen Huang is scheduled to deliver a closely watched presentation on…
-
Shell sees global LNG demand climbing as much as 85% by 2050
Shell (NYSE:SHEL) said on Monday that worldwide demand for liquefied natural gas is projected to rise significantly in the coming decades, increasing from about 422 million tonnes per year in 2025 to between 610 million and 780 million tonnes annually by 2050. According to the energy group, this implies growth of roughly 45% to 85%…
-
Iran conflict enters third week; Nvidia event and Fed decision in focus for markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures edged higher on Monday as investors prepared for a week filled with potential market-moving developments. The conflict involving Iran continues to intensify, driving oil prices higher and stoking concerns about inflation. At the same time, a major developer conference hosted by Nvidia (NASDAQ:NVDA) could shed light on the next phase of the…
-
Oil climbs as concerns over Middle East export infrastructure return to focus
Oil prices moved higher on Monday as markets once again turned their attention to risks facing oil export facilities in the Middle East, despite calls from U.S. President Donald Trump for countries to help secure the Strait of Hormuz, a key route for global energy transport. Brent crude futures rose $2.73, or 2.7%, to $105.87…
-
Gold holds steady as Iran conflict continues and markets await Fed decision
Gold prices stabilized on Monday during Asian trading after briefly slipping below a key psychological level earlier in the session. Investors remained focused on developments in the ongoing conflict involving the U.S., Israel and Iran. Traders also stayed cautious ahead of the Federal Reserve’s policy meeting later this week, with concerns that the central bank…
-
Bitcoin climbs above $74K to six-week high as short squeeze fuels rally
Bitcoin (COIN:BTCUSD) pushed past the $74,000 mark on Monday, reaching its highest level in roughly six weeks as a wave of short liquidations lifted prices, although investors remained cautious amid rising geopolitical tensions in the Middle East. The leading cryptocurrency was last trading 3.4% higher at $73,892.4 by 02:21 ET (06:21 GMT), after earlier touching…