Category: Top Story

Shares of Smurfit Westrock (NYSE:SW) fell 4.5% on Monday, while International Paper (NYSE:IP) dropped 3.8%, after rival Mondi issued a profit warning, saying that tough market conditions are expected to persist through the end of the year and that its quarterly earnings came in below forecasts. Mondi’s shares plunged as much as 16%, marking their…

Shares of Skye Bioscience (NASDAQ:SKYE) collapsed 65% on Monday after the company announced disappointing Phase 2a trial results for nimacimab, its experimental drug aimed at promoting weight loss. The San Diego-based biotech firm reported that nimacimab monotherapy failed to achieve its primary endpoint in the CBeyond™ trial. Patients treated with the drug recorded only a…

Shares of Snow Lake Resources Ltd. (NASDAQ:LITM) surged 10% on Monday after the company announced it has signed a definitive agreement to acquire Global Uranium and Enrichment Limited (GUE), in a move aimed at building a U.S.-focused nuclear fuel cycle company. The acquisition will bring together Snow Lake’s existing 50/50 joint venture with GUE on…

Chevron (NYSE:CVX) said Monday that the fire that broke out at its El Segundo refinery has been completely extinguished, and crews remain on-site managing the aftermath of the incident, which occurred on Friday. “With the fire completely extinguished, we will be making operational adjustments to support the continued safe and reliable operation of our facility,”…

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…

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…

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…

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…

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…