Category: Top Story
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Gold Soars to New Record as Fed Rate Cut Bets and Trade Tensions Drive Safe-Haven Rush
Gold prices climbed to fresh record highs in early Asian trading on Friday, edging closer to the $4,400 per ounce milestone as mounting expectations of a rate cut by the Federal Reserve and heightened U.S.-China trade tensions triggered a flight to safe-haven assets. Spot gold gained 0.9% to $4,362.63 an ounce at 01:49 ET (05:49…
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Dollar Extends Losses as Banking Turmoil Fuels Rate-Cut Bets
The U.S. dollar weakened further on Friday, heading for its steepest weekly slide in nearly three months, as renewed anxiety over the banking sector reinforced expectations of additional interest rate cuts from the Federal Reserve later this year. At 04:10 ET (08:10 GMT), the U.S. Dollar Index — a gauge of the dollar’s strength against…
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Banking Stocks Tumble as U.S. Credit Concerns Rattle Global Markets
Global financial stocks fell sharply on Friday after renewed concerns about U.S. credit quality triggered a selloff in regional banks, unsettling investors and reigniting fears over lending standards. The sector’s exposure to two recent U.S. auto-related bankruptcies has raised fresh questions about credit risk, echoing the uncertainty that followed Silicon Valley Bank’s collapse more than…
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HPE Shares Drop After Fiscal 2026 Outlook Disappoints, But Analysts See Upside
Hewlett Packard Enterprise (NYSE:HPE) shares fell more than 8% Thursday morning after the company’s investor day in New York revealed fiscal 2026 guidance that came in below expectations. Despite the near-term caution, analysts signaled confidence in HPE’s long-term growth story, particularly in networking, cloud, and AI. Barclays said the company’s fiscal 2026 outlook “underwhelmed for…
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Oracle Analyst Day Highlights Full-Stack AI Strategy and Hyperscaler Ambitions
Oracle Corporation (NYSE:ORCL) spotlighted an aggressive artificial intelligence expansion during its analyst day in Las Vegas, drawing bullish commentary from Wall Street analysts who highlighted the company’s growing role as a hyperscaler and GPU cloud player. Citi analysts said the event marked “a positive tone shift,” citing strong partner feedback and “confidence in OCI against…
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Cloudastructure Shares Surge After $5 Million Buyback Announcement
Cloudastructure Inc (NASDAQ:CSAI) stock jumped 18.2% on Thursday after the AI surveillance company unveiled a $5 million share repurchase program, signaling strong confidence in its business outlook amid accelerating sales growth. The company’s Board of Directors authorized the buyback, allowing Cloudastructure to repurchase shares of its common stock on the open market in accordance with…
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ZenaTech Shares Jump as Company Plans Congressional Meetings on Drone Technology
ZenaTech, Inc. (NASDAQ:ZENA) saw its stock surge 7% on Thursday after announcing that its ZenaDrone subsidiary will meet with Members of Congress to discuss drone innovation and U.S. manufacturing strategies. The engagement will be followed by a product showcase at the AUVSI Defense 2025 Forum in Washington, D.C. Later this month, ZenaDrone plans to engage…
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Planet Labs Shares Rise After Winning $12.8M NGA Contract for AI Maritime Solutions
Planet Labs PBC (NYSE:PL) stock gained 2% on Thursday after the company announced that its subsidiary, Planet Labs Federal, secured a $12.8 million award from the National Geospatial-Intelligence Agency (NGA) under the Luno B indefinite delivery, indefinite quantity (IDIQ) contract. The award covers Advanced Analytics for Maritime Operations and Reconnaissance (AAMOR). Planet will provide NGA…
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DoorDash Shares Climb After Launching Autonomous Delivery with Waymo
DoorDash (NASDAQ:DASH) shares rose 4% on Thursday after the company announced a new partnership with Waymo to launch an autonomous delivery service in Metro Phoenix, with plans for a broader commercial rollout later this year. The service is currently in a testing phase and will allow DoorDash customers to receive deliveries using Waymo’s fully autonomous…
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Hycroft Mining Shares Rise After Paying Off $125.5 Million in Debt
Hycroft Mining Holding Corporation (NASDAQ:HYMC) shares rose 4.9% in pre-market trading Thursday after the company announced it had fully repaid its remaining $125.5 million in debt, including accrued interest. The mining firm made the payments on October 15, 2025, starting with the repayment of $15.0 million in principal on its first-lien debt plus $0.1 million…