Category: Top Story
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US Stock Futures Fall as Iran Tensions, Higher Oil and AI Concerns Weigh: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved lower on Monday as investors assessed developments in the conflict involving Iran, higher oil prices and OpenAI’s decision to pause training of its latest artificial intelligence models. At 03:50 ET, S&P 500 futures were down 0.42% at 7,710.7 points, while Nasdaq 100 futures declined 1% to 30,595 points. Dow Jones futures…
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bioAffinity Technologies Builds Momentum for Non-Invasive Lung Cancer Detection
bioAffinity Technologies (NASDAQ:BIAF) is continuing to build momentum behind its non-invasive lung cancer diagnostic, CyPath Lung, with new clinical evidence and an expanding route into the US federal healthcare market. The company is presenting real-world clinical cases and new research focused on veteran and military populations at the 2026 NAVREF Annual Conference, highlighting the potential…
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UBS Forecasts Silver at $80 by September 2027 as Gold and Industrial Demand Provide Support
UBS expects silver prices to remain closely linked to gold and forecasts the metal reaching $80 per ounce by September 2027, citing investment demand, industrial consumption and constraints on supply growth. Strategist Dominic Schnider said silver has continued to move in line with gold, with the correlation between the two precious metals near multi-year highs.…
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JPMorgan Says Profit Margins and Balance Sheets Could Help Equities Absorb Higher Yields
JPMorgan strategists said global equities could absorb the recent increase in bond yields, pointing to corporate profit margins, balance-sheet leverage and broader earnings growth as factors supporting their assessment. The rise in Brent crude above $100 over the past two weeks has coincided with higher bond yields, including the U.S. 10-year Treasury yield approaching 5%.…
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Wall Street Closes Higher as AI Dealmaking Offsets Rising Bond Yields
U.S. stocks closed higher on Friday, with all three major indexes posting gains as a fresh wave of artificial intelligence dealmaking helped investors look past a bond market that continues to send borrowing costs to multi-year highs. The advance capped a positive week for Wall Street even as the 10-year Treasury yield hovered near its…
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Bank of America Cuts 2027 Luxury Forecast as Q3 Demand Growth Slows
Bank of America has reduced its 2027 forecast for the global luxury sector after industry data tracked by the bank indicated that demand growth slowed during the third quarter to date compared with the previous three months. According to the bank, global luxury demand decelerated by between 2 and 3 percentage points in the third…
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U.S. Index Futures Rise as Oil Prices Drop on Iran Peace Proposal: Dow Jones, S&P and Nasdaq Futures
U.S. stock futures point higher as crude oil tumbles over 2% following reports of an Iranian proposal to end the Middle East conflict and reopen the Strait of Hormuz. Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside after recovering…
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Tesla Begins High-Volume Semi Production at Nevada Factory, Musk Says
Tesla Inc (NASDAQ:TSLA) has begun “high volume production” of its electric Semi truck at a new factory in Nevada, chief executive Elon Musk said on Thursday, with the company targeting annual production of 50,000 units. Tesla formally inaugurated the facility in Sparks, Nevada, at an event on Thursday evening. Production began at the site in…
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Musk Says Colossus 2 Plans to Add Nvidia AI Chips by End of 2026
Elon Musk said SpaceXAI (NASDAQ:SPCX) plans to increase the number of advanced Nvidia (NASDAQ:NVDA) artificial intelligence chips used at its Colossus 2 data centre in Memphis, Tennessee, by the end of 2026. In a post on X early Friday, Musk said the facility has used 110,000 Nvidia GB200 chips and 440,000 GB300 chips. Musk, chief…
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Costco Q4 Revenue Reaches $95.7 Billion as Digital Sales Rise 19.5%
Costco Wholesale Corporation (NASDAQ:COST) reported fiscal fourth-quarter earnings and revenue above analyst estimates, with higher comparable sales and growth in digitally enabled transactions. The warehouse retailer reported earnings per share of $6.75 for the quarter, compared with the consensus estimate of $6.55. Revenue reached $95.7 billion, exceeding the analyst estimate of $94.85 billion. Net sales…