Category: Top Story

Firefly Aerospace (NASDAQ:FLY) saw its stock climb 17.3% after unveiling plans to acquire SciTec, Inc., a U.S.-based national security technology company, in a combined cash and stock transaction valued at roughly $855 million. The agreement will see Firefly pay $300 million in cash and issue $555 million in shares at $50 per share to bring…

Oil prices rose roughly 1% on Monday after OPEC+ revealed a more modest-than-anticipated production hike for November, easing some concerns about added supply. However, a soft outlook for demand is expected to limit near-term gains. Brent crude climbed 67 cents, or 1%, to $65.20 a barrel by 0625 GMT, while U.S. West Texas Intermediate (WTI)…

AstraZeneca (NASDAQ:AZN) and Daiichi Sankyo have announced that their drug Datroway has shown a statistically significant improvement in overall survival for patients with metastatic triple-negative breast cancer (TNBC) who are not eligible for immunotherapy. The TROPION-Breast02 Phase III study found that Datroway improved both overall survival and progression-free survival compared with standard first-line chemotherapy, marking…

Global equity ETFs have seen record inflows of $152 billion over the past three weeks, according to Bank of America data. For the week ending October 1, equity ETFs alone absorbed $30.4 billion, while overall equity funds saw net inflows of $26 billion, partially offset by $4.5 billion withdrawn from mutual funds. Technology led sector…

UBS has once again revised upward its forecasts for gold and silver, citing robust momentum driven by investor interest, ongoing macroeconomic uncertainty, and persistent fiscal and geopolitical pressures. The bank now projects gold could reach $4,200 an ounce across all timeframes, up from its previous targets of $3,800 by the end of 2025 and $3,900…

Apple (NASDAQ:AAPL) appears well-insulated from competition from AI-powered smart glasses over the next few years, according to Oppenheimer analysts, who noted that significant design hurdles remain unresolved. After testing Meta’s latest Ray-Ban Display glasses in a New York City demonstration, the firm highlighted “the key challenges that have prevented smart glasses from mass consumer adoption…

Crude oil prices have faced significant downward pressure this week, and Citigroup anticipates further losses in the final quarter of 2025. As of 06:35 ET (10:35 GMT), Brent crude futures were trading 0.6% higher at $64.49 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 0.6% to $60.84 a barrel. Despite this intraday bounce,…

Clients of Bank of America Securities have recorded unprecedented sales of large-cap equities over the past two weeks, marking one of the most significant moves since 2008. According to the bank, clients were net sellers of individual stocks for the third consecutive week, with last week’s outflows totaling $5.7 billion, following a prior week also…

Gold prices surged to new record highs this week as political uncertainty in Washington drove investors toward safe-haven assets. The rally comes in the wake of a U.S. government shutdown, following the failure of a Senate vote on a Republican-backed spending bill. This environment has kept traders favoring precious metals, which also saw gains this…

White Mountains Insurance Group (NYSE:WTM) announced on Friday that it has finalized an agreement to sell a controlling stake in Bamboo to investment funds advised by CVC Capital Partners. Bamboo, a tech-driven insurance distribution platform, offers homeowners’ insurance and related products to the residential property market in California and Texas. The deal is expected to…