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Carter’s Shares Rise After Wells Fargo Lifts Rating and Target Price
Carter’s (NYSE:CRI) moved higher in premarket trading on Monday, gaining 3.5% after Wells Fargo upgraded the children’s apparel retailer to Equal Weight from Underweight and raised its price target to $42 from $30. Analyst Ike Boruchow cited improving execution under the company’s new leadership team, continued momentum in direct-to-consumer operations and the potential impact of…
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GE Vernova Highlights Grid Stability and Emissions Technologies at Africa Energy Forum
GE Vernova (NYSE:GEV) used the Africa Energy Forum to showcase a range of energy technologies designed to support power reliability, emissions management and grid modernization across the continent. The company focused on digital solutions for utilities and industrial customers, alongside technologies intended to help African energy systems accommodate growing levels of renewable power generation. AI-Powered…
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WeRide and Uber Target Zurich Robotaxi Launch as European Expansion Accelerates
WeRide (NASDAQ:WRD) and Uber Technologies (NYSE:UBER) plan to introduce commercial robotaxi services in the Greater Zurich Region later this year, extending their autonomous mobility partnership in Europe following a recent deployment announcement in Madrid. The service is expected to launch during 2026, pending approval from Switzerland’s Federal Roads Office (FEDRO). Customers will be able to…
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Oil Prices Edge Lower as Markets Assess Iran Agreement and Strait of Hormuz Recovery
Oil prices traded slightly lower on Wednesday as investors continued to evaluate the implications of the emerging U.S.-Iran peace agreement, while lingering uncertainty over shipping activity through the Strait of Hormuz prevented a deeper sell-off. By 06:30 GMT, Brent crude futures were down 15 cents at $78.81 per barrel, while U.S. West Texas Intermediate crude…
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Gold Holds Near Recent Highs as Markets Await Fed Guidance and Assess Iran Agreement
Gold prices were little changed on Wednesday after posting gains for four straight sessions, as easing geopolitical tensions in the Middle East helped calm inflation concerns while investors prepared for the Federal Reserve’s latest policy announcement. Spot gold slipped 0.1% to $4,327.56 an ounce by 03:14 ET (07:14 GMT), while U.S. gold futures eased 0.2%…
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Fed Decision, Iran Peace Agreement and SpaceX Rally Dominate Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures traded modestly higher on Wednesday as investors looked ahead to a closely watched Federal Reserve policy announcement, while fresh details surrounding the emerging U.S.-Iran peace agreement continued to influence sentiment across global financial markets. Meanwhile, oil prices extended their recent decline and SpaceX (NASDAQ:SPCX) continued its remarkable post-listing surge following last week’s…
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Guardian Metal Strengthens Tempiute Development Strategy with Nevada Land and Water Rights Deal (GMET)
Guardian Metal Resources (AMEX:GMTL) (USOTC:GMTLF) has expanded its strategic asset base in Nevada after acquiring Lincoln Estates Group LLC, a transaction that provides ownership of 841 acres of mixed-use land and annual water rights totalling 2,540 acre-feet. The assets are situated within 10 miles of the company’s Tempiute Tungsten Project and were acquired for US$1.3…
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Dow Climbs to Record as Nasdaq Slides on Chip Rotation and Fed Uncertainty
Wall Street delivered a split verdict on Monday as investors rotated sharply out of technology and into more traditional sectors ahead of the first Federal Reserve interest rate decision under new Chairman Kevin Warsh. The Dow Jones Industrial Average charged to a fresh all-time high while the Nasdaq Composite fell more than 1%, leaving the…
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U.S. Housing Starts Sink Far More Than Expected in May as Construction Activity Slows
New home construction in the United States fell sharply in May, with housing starts posting a much steeper decline than economists had anticipated, according to data released Tuesday by the Commerce Department. Housing starts dropped 15.4% during the month to a seasonally adjusted annual rate of 1.177 million units. The decline followed an 8.5% decrease…
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U.S. Import Prices Rise Faster Than Expected in May, Export Costs Also Increase
Import prices in the United States recorded a stronger-than-expected increase in May, according to data released Tuesday by the Labor Department, pointing to continued pricing pressures in international trade. The report showed import prices climbed 1.9% during the month, following an upwardly revised 2.0% increase in April. Economists had forecast a more modest gain of…