Category: Top Story

Oil prices eased in Asian trade on Thursday, retreating from the seven-week highs hit in the previous session as investors locked in profits amid expectations of slower demand during the winter and the return of Kurdish crude supplies. Brent futures fell 19 cents, or 0.3%, to $69.12 a barrel by 0637 GMT, while U.S. West…

Recent data on U.S. New Home Sales shows a sharp rise in the annualized number of new single-family homes sold last month, reaching 800,000 units. This figure significantly exceeded analysts’ expectations of 650,000, beating forecasts by 150,000 units and highlighting strong demand in the housing market. Compared to the previous month’s 664,000 homes sold, this…

Oracle (NYSE:ORCL) saw its stock drop more than 2% shortly after Wednesday’s market open amid reports that the software company is considering a $15 billion U.S. investment-grade bond offering. Bloomberg News, citing sources familiar with the matter, reported that Oracle may structure the debt sale in up to seven tranches, including a rare 40-year bond.…

Alibaba Group (NYSE:BABA) shares jumped Wednesday after the Chinese e-commerce titan unveiled plans to significantly boost spending on artificial intelligence infrastructure and revealed a new collaboration with AI powerhouse Nvidia (NASDAQ:NVDA). As of 8:44 AM ET, Alibaba ADRs traded in the U.S. were up 8.9% at $177.70, while shares listed in Hong Kong climbed 9.2%…

U.S. crude oil inventories fell last week, according to the Energy Information Administration (EIA), but the decline was smaller than analysts had forecasted. The EIA reported that commercial crude oil stocks decreased by 607,000 barrels, below the expected drop of 800,000 barrels. Compared to the steep 9.285 million-barrel decline recorded the prior week, this week’s…

Levi Strauss & Co. (NYSE:LEVI) Class A shares climbed to a 52-week high of $23.41, highlighting a strong upward trend over the past year. Over the last 12 months, the stock has gained 11.35%, signaling steady growth and growing investor confidence. The company’s market strength and strategic initiatives have contributed to this positive momentum, underscoring…

Copper prices surged roughly 2% in intraday trading Wednesday after Freeport-McMoRan (NYSE:FCX) outlined the significant production shortfall caused by the suspension of its Grasberg Block Cave mine in Indonesia following a fatal mud rush. The mining giant confirmed that operations remain halted after two workers were killed, while search efforts continue for five missing employees.…

U.S. building permits fell modestly in the latest report, registering a -2.3% change, slightly improving on economists’ dismal forecast of -3.7%. While the decline indicates some cooling in the construction sector, the numbers suggest the contraction is less severe than anticipated. Building permits, which reflect upcoming construction activity including financing, employment, and regulatory approvals, are…

uniQure N.V. (NASDAQ:QURE) stock surged 150% Wednesday following the announcement of encouraging topline results from its pivotal Phase I/II study of AMT-130 in patients with Huntington’s disease, showing substantial slowing of disease progression compared to controls. The trial successfully hit its primary endpoint, with high-dose AMT-130 demonstrating a 75% reduction in disease progression at 36…