Category: Top Story
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Evercore ISI Names Three Top Discount Retail Stocks for the Second Half
Evercore ISI has selected three discount retailers as its preferred stocks within the global retail, apparel and luxury brands sector, pointing to opportunities for stronger performance during the second half of the year. The firm’s assessment focuses on companies where comparable sales trends, easier comparison periods or operational improvements could provide meaningful support despite an…
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Wall Street Futures Fall as Middle East Risks, Oil Prices and Canada Tariffs Take Focus: Dow Jones, S&P, Nasdaq
U.S. stock futures moved lower on Tuesday as investors monitored another rise in oil prices and the risk that disruption to the Strait of Hormuz could persist, while fresh U.S. tariffs on Canada and upcoming Home Depot (NYSE:HD) earnings also remained in focus. Gold slipped back below $4,400 an ounce, while crude prices strengthened following…
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Stocks Slip as Middle East Tensions Offset an AI-Fueled Chip Rally
U.S. stocks closed lower on Monday as renewed violence in the Middle East rattled investors and pushed oil prices higher, overshadowing a strong rally in semiconductor names. Traders spent the session weighing geopolitical risk against fresh optimism about artificial intelligence, and caution won out ahead of a busy week of retail earnings and Federal Reserve…
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Harvard reveals $2.2 billion SpaceX holding worth more than half its U.S. equity portfolio
Harvard Management Co. has disclosed a $2.2 billion investment in SpaceX, making the rocket and satellite company by far the largest position in the university endowment’s reported U.S. equity portfolio as of June 30, 2026. According to Harvard’s 13F filing with the Securities and Exchange Commission, the investment comprises approximately 12.94 million SpaceX (Nasdaq: SPCX)…
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Micron shares rise as White House pushes Apple away from Chinese memory chips
Micron Technology (NASDAQ:MU) shares gained 2.6% ahead of Monday’s opening bell as pressure from the Trump administration on Apple not to source memory chips from Chinese manufacturers strengthened the outlook for U.S. suppliers. Micron stands to benefit directly from Washington’s position. A U.S. Commerce Department block on Apple sourcing DRAM from China’s ChangXin Memory Technologies,…
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Chevron confirms major oil and gas condensate discovery offshore Angola
Chevron Corporation (NYSE:CVX), through its subsidiary Cabinda Gulf Oil Company Limited (CABGOC), has confirmed an oil and gas condensate discovery at the 105-4X exploration well in Angola’s offshore Block 0. Drilled in the Lower Congo Basin, the well encountered an oil and gas condensate column measuring more than 600 metres, or 2,000 feet, within the…
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Uber and Zipline team up to bring drone deliveries to Uber Eats in the U.S.
Uber Technologies stock price
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Wall Street futures flat as investors weigh Anthropic growth against oil and economic risks: Dow Jones, S&P, Nasdaq
Wall Street is heading towards a muted start to the week, with U.S. equity futures indicating little change on Monday as investors balance softer economic data against persistent geopolitical and energy-market risks. Technology could be one area of strength following a Bloomberg report that Anthropic (NASDAQ:ANTP) has told prospective investors its second-quarter revenue increased by…
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Union Pacific fuel surcharges exceed Q2 fuel costs by $91.1 million
Union Pacific (NYSE:UNP) collected $91.1 million more from fuel surcharges than it spent on fuel during the second quarter, according to a regulatory filing with the Surface Transportation Board first reported by Reuters. The surplus was substantially larger than those reported by rival rail operators and contributed directly to Union Pacific’s profitability. The figures are…
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Five key market events investors are watching this week
Financial markets are entering the new trading week amid signs of a traditional summer slowdown, with analysts pointing to the VIX volatility index falling to its lowest level of the year. Despite quieter trading conditions, investors still face a busy calendar of corporate results, economic releases and central-bank developments. Major U.S. retailers are due to…