Category: Top Story
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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,…
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Firefly Aerospace Shares Surge Following $855 Million SciTec Deal
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…
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Oil Gains 1% Following Smaller-Than-Expected OPEC+ Output Increase
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)…
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AstraZeneca’s Datroway Demonstrates Survival Benefit in Metastatic Triple-Negative Breast Cancer
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…
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BofA’s Hartnett Flags Frothy AI Bubble, Notes Central Banks Yet to Act
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…
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UBS Lifts Gold and Silver Price Outlooks Amid Strong Investor Demand
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…
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Apple’s hardware ecosystem unlikely to face AI smart glasses competition for several years, says analyst
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…