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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…
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U.S. crude jumps 3% as Iran warns of strikes on Gulf power infrastructure after Trump threat
Oil prices moved higher on Monday after Iran’s Revolutionary Guards warned they could target Israel’s power plants and energy facilities supplying U.S. bases across the Middle East if Tehran’s electricity infrastructure is attacked. By 07:31 GMT, Brent crude futures had risen $1.57 to $113.76 per barrel. U.S. West Texas Intermediate crude climbed $3.09, or 3.15%,…
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Gold tumbles to four-month lows
Gold prices have sharply retreated as escalating tensions in the Middle East intensify inflation concerns and strengthen expectations that central banks may raise interest rates. Earlier today, spot gold dropped to $4,234 per ounce, a decline of about 5%, while gold futures slid 7% to $4,267 per ounce. The traditional safe-haven metal has been under…
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Trump issues Iran ultimatum; IEA warns of “severe” oil crisis — what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
Futures tied to major U.S. stock indices moved lower Monday as the conflict with Iran continues, raising concerns about a prolonged surge in global energy prices. U.S. President Donald Trump has given Iran until Monday night to reopen the Strait of Hormuz, an ultimatum Tehran has rejected. Meanwhile, the International Energy Agency cautioned that the…
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Long-only funds retreat as hedge funds reduce equity exposure amid rising caution
Equity investors are becoming more defensive as geopolitical tensions and increasing macroeconomic uncertainty weigh on markets, according to a note from Barclays. Analyst Rex Feng said this week that long-only investors are raising their cash levels, with overall long-only equity exposure now sitting at its lowest point in nearly a year. At the same time,…
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Guardian Metal Marks Major Milestone with U.S. Market Debut
Guardian Metal Resources plc (AMEX:GMTL) has taken a significant step in its growth journey, celebrating its debut on the NYSE American, a move that signals both increased ambition and rising relevance in the global critical minerals sector. The company, which focuses on tungsten exploration in the United States, began trading under the ticker “GMTL,” marking…
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Small modular reactors poised to support AI data center boom, Bernstein says
Small modular reactors (SMRs) are increasingly being viewed as a potential power solution for the rapid growth of artificial intelligence infrastructure and hyperscale data centers, according to a new report from Bernstein. The surge in data center construction is placing significant pressure on electricity grids, as these facilities require constant, high-density power supply throughout the…
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Wall Street Reeling as Quadruple Witching and War Risks Trigger Tech Sell-Off
U.S. equities plummeted on Friday as a perfect storm of “Quadruple Witching” volatility, escalating conflict in the Middle East, and a federal crackdown on semiconductor smuggling sent shockwaves through the market. A record-breaking $5.7 trillion in options expirations amplified the day’s swings, while reports of U.S. military preparations to reopen the Strait of Hormuz drove…