Category: Top Story
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Euro Falls After France’s New Prime Minister Abruptly Resigns
The euro dropped against the U.S. dollar on Monday after France’s newly appointed Prime Minister, Sébastien Lecornu, unexpectedly stepped down, deepening political uncertainty in the eurozone’s second-largest economy. By 05:38 ET (09:38 GMT), the euro was down around 0.7% at $1.1664, while French stocks fell sharply as investors digested the news. Lecornu, a trusted ally…
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Gold Tops $3,900 as Investors Seek Safety Amid Rate Cut Expectations and Political Turmoil
Gold prices climbed above the $3,900-per-ounce mark for the first time on Monday, setting another record high as investors sought safety in the precious metal amid the ongoing U.S. government shutdown, growing bets on interest rate cuts, and broader global uncertainty. Spot gold rose 1.3% to $3,939.00 an ounce by 08:11 ET (12:11 GMT), after…
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Dow Jones, S&P, Nasdaq, Futures, Wall Street Set to Open Higher as AMD–OpenAI Deal Lifts Tech Stocks
U.S. stock futures were pointing to a positive start on Monday, with major indexes expected to move higher following last Friday’s mixed performance. Technology shares appeared poised to drive the early momentum, as Nasdaq 100 futures climbed 0.9 percent ahead of the opening bell. Advanced Micro Devices (NASDAQ:AMD) led the pre-market rally, soaring 35.7 percent…
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Five Market Developments to Watch in the Week Ahead
The partial shutdown of the U.S. federal government remains the dominant story this week, affecting key economic releases and shaping investor expectations ahead of an upcoming Federal Reserve policy meeting. Market participants will also focus on the Fed’s September meeting minutes and third-quarter earnings from companies such as Constellation Brands (NYSE:STZ) and Delta Air Lines…
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Bernstein Projects Copper Price Around $10,000/t in Updated Long-Term Outlook
Bernstein has released a refreshed long-term perspective on copper, structured around four core themes that capture the unique behavior of the copper market. The report opens by framing market fundamentals, emphasizing that in a free-market environment, prices act as the mechanism that balances supply and demand. As Bernstein explains, “missing supply” should be read as…
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Quantum Computing Inc. Plans Capital Raise to Drive Commercial Expansion and Strategic Acquisitions
Quantum Computing Inc. (NASDAQ:QUBT) announced plans to raise capital to support the full rollout of its commercialization initiatives and to explore potential strategic acquisitions. The company intends to offer up to 37.2 million shares in this fundraising round, with participation primarily led by its largest existing shareholders. Titan Partners Group has been appointed as the…
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Boeing Plans 737 Max Production Boost Starting October – Bloomberg
Boeing Co (NYSE:BA) is reportedly preparing to accelerate output of its 737 Max aircraft as soon as October, according to Bloomberg sources familiar with the matter. Suppliers have been briefed on the planned increase, which could see production rise to as many as 53 jets per month by next year, the report added. Boeing is…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Climb as Federal Shutdown Persists
U.S. stock futures edged higher Monday amid continued uncertainty over the ongoing federal government shutdown, which has delayed key economic reports ahead of the Federal Reserve’s next interest rate decision. A senior White House official warned that mass federal layoffs could be imminent, as negotiations between Democrats and Republicans show little progress. Meanwhile, Constellation Brands…
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Tesla Hints at New Product Launch on October 7
Tesla Inc (NASDAQ:TSLA) has dropped hints about an upcoming event on October 7, where the electric vehicle manufacturer is expected to unveil a new product. The company shared two brief videos on the social media platform X—one showing a spinning wheel or turbine, and the other highlighting a vehicle’s illuminated headlights—both featuring the date October…
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Trump Administration Considers Stake in Nasdaq-Traded Rare Earths Company
The U.S. government has reportedly explored the possibility of acquiring an equity interest in Critical Metals Corp (NASDAQ:CRML), the firm developing Greenland’s Tanbreez rare earth project, according to Reuters sources familiar with the matter. Such a move would give the United States a direct foothold in one of the planet’s largest untapped rare earth deposits,…