Category: Include on Menu
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Meta unveils Muse Glimmer as Zuckerberg backs stronger U.S. open-weight AI push
Meta (NASDAQ:META) launched a new open-weight artificial intelligence model on Monday as CEO Mark Zuckerberg called for the United States to reduce barriers facing domestic developers in order to compete more effectively with Chinese rivals. The new model, called Muse Glimmer, is considerably smaller than the flagship AI systems developed by leading competitors. Rather than…
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Five key market events investors should follow this week
U.S. inflation and retail sales figures are set to dominate the economic calendar this week as investors assess the health of the world’s largest economy against a backdrop of persistent uncertainty surrounding the Middle East conflict. Corporate earnings will also remain in focus, with Cisco Systems (NASDAQ:CSCO) among the most prominent companies scheduled to report…
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Barrick Mining shares fall after Q2 earnings miss despite stronger gold production
Barrick Mining Corporation (NYSE:B) shares came under pressure in pre-market trading on Monday after the gold producer reported second-quarter earnings and revenue in line with Wall Street expectations, despite delivering higher production and substantial year-on-year growth. Adjusted earnings per share came in at $0.82. Revenue reached $5.29 billion, also missing expectations of $5.67 billion. Despite…
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Apple reportedly tests CXMT memory chips as AI demand tightens global supply
Apple Inc (NASDAQ:AAPL) is reportedly evaluating memory chips produced by China’s CXMT Corp for use across products including iPhones and MacBooks as surging artificial intelligence investment places increasing pressure on global memory supplies. According to The Wall Street Journal, Apple has also held preliminary discussions with CXMT about potentially sourcing memory components for devices sold…
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SpaceX shares surge 15% as stock rebounds from record low
SpaceX (NASDAQ:SPCX) shares jumped 15.83% on Friday, August 7, extending a sharp recovery after gaining 6.14% in the previous session. Across the week, the stock advanced a combined 22.8%. The rebound followed an exceptionally volatile period for SpaceX shares. On Wednesday, the stock had plunged almost 14%, marking its second-worst trading session since the company’s…
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Airbnb shares jump 17% after quarterly results beat expectations
Airbnb (NASDAQ:ABNB) shares surged 17.43% on Friday, August 7, closing at $178.07 and reaching their highest level since April 2022. The sharp rally followed the release of stronger-than-expected second-quarter results, with both revenue and earnings exceeding Wall Street forecasts and providing fresh momentum for the travel platform’s shares. Revenue climbed to $3.61 billion from $3.1…
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Silence Therapeutics shares surge ahead of divesiran Phase 2 results call
Silence Therapeutics (NASDAQ:SLN) shares jumped 16.2% in pre-market trading on Monday as investors positioned ahead of a conference call covering topline results from the Phase 2 SANRECO trial of divesiran, the company’s lead siRNA candidate for polycythemia vera. The clinical-stage biotechnology company announced over the weekend that it would present and discuss the results through…
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Jowell Global shares soar in pre-market trading without clear catalyst
Jowell Global Ltd. (NASDAQ:JWEL) shares surged 58.3% in pre-market trading on Monday to reach $2.49, delivering a sharp move for the Shanghai-based e-commerce company. Jowell Global operates an online platform in China offering products including cosmetics, health supplements and household goods. No obvious company-specific development appeared to account for the sudden rally. There were no…
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Oil prices hold steady as Iran conditions cloud Hormuz reopening prospects
Oil prices were broadly stable on Monday as traders weighed tentative progress towards reopening the Strait of Hormuz against Iran’s insistence that Washington must meet several additional conditions before unrestricted shipping can resume through the strategically important waterway. Brent crude futures were up 19 cents at $83.74 per barrel by 0807 GMT, while U.S. West…
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Gold holds close to seven-week peak as markets assess Iran risks and Fed outlook
Gold prices moved modestly higher on Monday, remaining close to the seven-week highs reached in the previous session as investors monitored geopolitical uncertainty surrounding Iran and looked ahead to key U.S. inflation data for further signals on the Federal Reserve’s interest-rate trajectory. Spot gold gained 0.3% to $4,354.51 an ounce as of 03:03 ET (07:03…