Category: Top Story

The story around Nvidia (NASDAQ:NVDA) is becoming “messy” as the AI-focused chipmaker pours substantial capital into smaller firms that also happen to be its clients, according to analysts at Yardeni Research. In a research note, Yardeni’s team highlighted that, while Nvidia has the financial resources to support these ventures, the company’s success is increasingly “closely…

Shares of Intel (NASDAQ:INTC) rose in early trading on Thursday, building on gains from the previous session after media reports suggested the chipmaker had approached Apple (NASDAQ:AAPL) about a possible investment. Intel shares surged 6.4% to close at $31.22 on Wednesday following the Bloomberg News report. According to anonymous sources cited by Bloomberg, the two…

New data from the U.S. Labor Department on Thursday revealed a surprising decline in first-time claims for unemployment benefits for the week ending September 20th. Initial jobless claims dropped to 218,000, down 14,000 from the previous week’s revised figure of 232,000. Analysts had forecast a slight increase to 235,000 from the 231,000 initially reported for…

The U.S. dollar remained relatively stable Thursday as investors exercised caution ahead of key economic data, amid uncertainty over how much further the Federal Reserve might ease monetary policy. At 03:00 ET (08:00 GMT), the Dollar Index, tracking the greenback against six major currencies, inched up to 97.552 after climbing 0.6% overnight to a two-week…

Gold prices held their ground in Asian trading on Thursday after falling from record peaks, pressured by a stronger dollar and cautious signals from the Federal Reserve. Spot gold last rose 0.2% to $3,713.42 per ounce at 03:01 ET (07:01 GMT), following Tuesday’s all-time high of $3,790.82/oz. December U.S. Gold Futures edged up 0.1% to…

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.…