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Micron agrees $1.8bn deal to buy PSMC’s Taiwan fabrication facility
Micron Technology (NASDAQ:MU) has entered into an exclusive Letter of Intent to acquire the P5 semiconductor fabrication plant owned by Powerchip Semiconductor Manufacturing Corporation in Taiwan for $1.8 billion in cash. The transaction covers a 300,000-square-foot cleanroom facility located in Tongluo, Miaoli County, and is intended to support Micron’s efforts to expand capacity as global…
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Oil slips as calmer Iran situation erodes geopolitical risk premium
Oil prices edged lower on Monday after climbing in the previous session, as signs that civil unrest in Iran was easing reduced fears of a U.S. military strike that could disrupt supplies from the key Middle Eastern producer. Brent crude was trading at $63.85 a barrel at 0734 GMT, down 28 cents, or 0.44%.U.S. West…
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Gold surges toward $4,700 as Greenland tariff tensions fuel safe-haven demand
Gold prices climbed to fresh record levels during Asian trading on Monday, moving close to $4,700 an ounce as investors rushed into safe-haven assets after U.S. President Donald Trump threatened to impose new tariffs on several European countries in connection with his bid to acquire Greenland. Spot gold gained 1.6% to $4,667.33 an ounce by…
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Bitcoin dips to $92.5k as Greenland tariff tensions hit risk appetite
Bitcoin (COIN:BTCUSD) edged lower during Asian trading on Monday, paring back part of last week’s rebound as renewed tariff threats from U.S. President Donald Trump — tied to his push over Greenland — unsettled broader risk sentiment. The pullback in Bitcoin weighed on the wider crypto complex, where several tokens appeared vulnerable to profit-taking after…
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Greenland tariff threat rattles markets as China growth cools – key drivers today: Dow Jones, S&P, Nasdaq, Wall Street Futures
Global markets moved lower as investors reacted to President Donald Trump’s renewed tariff threats tied to his push to acquire Greenland, while fresh data showed China’s economy losing momentum in the final quarter of the year. European officials discussed possible countermeasures, gold surged to new record highs and oil prices eased as traders weighed the…
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StanChart Tips 2026 as Ethereum’s Breakout Year, Lifts Long-Term Price Outlook
Standard Chartered believes 2026 could be a pivotal year for Ethereum (COIN:ETHUSD), as improving fundamentals set the stage for renewed relative strength against Bitcoin (COIN:BTCUSD), according to analyst Geoff Kendrick. Kendrick said softer-than-expected Bitcoin performance has dampened the outlook for dollar-denominated digital assets, leading to cuts to Ethereum’s absolute price forecasts for 2026–2028. Even so,…
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Energy and Infrastructure Favoured Over Big Tech for 2026 AI Exposure, BlackRock Says
BlackRock said it continues to see a strong long-term investment case for artificial intelligence but expects investors to broaden their focus as they look ahead to 2026. In comments released on Tuesday, the world’s largest asset manager noted that while AI remains a dominant theme, capital is increasingly being directed beyond the largest technology names.…
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Citi’s Manthey: Investors Broadening Equity Exposure Beyond U.S. Markets
Investors worldwide are increasingly allocating capital outside the United States as elevated U.S. valuations and improving earnings momentum elsewhere make international equities more attractive, according to Citigroup strategist Beata Manthey. In Citi’s latest global equity outlook, Manthey said the bank expects “diversification into international equities will continue in 26E,” noting that Citi maintains Overweight positions…
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Moody’s Flags $3 Trillion Data Center Investment Boom Over Next Five Years
Global investment tied to data centers is set to accelerate sharply, with at least $3 trillion expected to be deployed over the next five years, according to a report released Monday by Moody’s Ratings. The ratings agency said the scale of spending will underpin continued growth in artificial intelligence and cloud computing, with capital flowing…
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Barclays: AI Overtakes Macro Forces as Markets’ Primary Driver in 2026
Artificial intelligence has become the leading influence on market dynamics in 2026, overtaking traditional macroeconomic and policy factors, according to Barclays. “AI remains front and center,” analyst Anshul Gupta wrote in a client note, adding that “NVDA earnings [are] now a bigger event than macro or policy.” Gupta said current conditions reflect a “tech revolution,…