Category: Top Story
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Wall Street Slips as U.S.-Iran Flare-Up Lifts Oil and Bond Yields
Stocks pulled back to start the week as renewed conflict in the Middle East rattled investors and pushed energy prices and bond yields higher. The U.S. and Iran traded fire for the first time in a month, reviving worries about oil supply just as markets had been coasting near record levels. Even with Monday’s losses,…
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Bernstein’s Chhugani forecasts Bitcoin could reach $300,000 by 2029
Bernstein expects Bitcoin (COIN:BTCUSD) to reach $300,000 by the end of 2029, with analyst Gautam Chhugani identifying the cryptocurrency as a major potential beneficiary of what he describes as the debasement trade. The forecast assumes Bitcoin continues to broadly follow its historical four-year market cycle, with Bernstein also expecting the cryptocurrency to recover to a…
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Nearly half of global oil supply comes from conflict-affected countries six months into Iran war
Nearly half of the world’s oil production is now sourced from countries affected by conflict in 2026, according to Reuters calculations, highlighting the scale of disruption facing global energy markets. Six months after U.S. and Israeli attacks on Iran triggered what has developed into the largest oil supply crisis on record, there remains little indication…
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Stock Futures Drop as Middle East Escalation and Hawkish Fed Remarks Weigh on Sentiment: Dow Jones, S&P and Nasdaq Futures
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a lower open on Monday, with stocks poised to extend the pullback seen during last Friday’s session. The downward momentum on Wall Street comes amid concerns about a re-escalation of the military conflict in the Middle East following a period of relative calm. Over…
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How sustainable is the crypto rebound? Needham sees further momentum
The recent recovery across digital assets could have further room to run, according to Needham & Company, which has increased its crypto trading volume forecasts for the exchanges and platforms covered by the firm. “How sustainable is the crypto rebound? We believe it has legs,” analyst John Todaro wrote in a note to clients, identifying…
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SpaceX orbital compute could gain appeal as data center opposition grows
SpaceX’s (NASDAQ:SPCX) ambitions to move computing infrastructure into orbit could become more attractive as political resistance to terrestrial data centers intensifies across the US, Evercore ISI said in a note to investors. Analyst Kutgun Mural pointed to an increasingly difficult political and regulatory environment for new data center developments. Texas has paused as many as…
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Stocks Slip as Warsh Warns Inflation Fight Is Not Over
Wall Street closed modestly lower on Friday after new Federal Reserve Chair Kevin Warsh used his debut Jackson Hole address to warn that inflation remains too high and that the central bank may need to raise interest rates in the months ahead. The message cooled some of the enthusiasm that had carried stocks higher a…
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Stocks Target Flat Open Ahead of Fed Chair Warsh’s Jackson Hole Speech: Dow Jones, S&P and Nasdaq Futures
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after ending the previous session mostly higher. Traders may be reluctant to make significant moves ahead of Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole economic symposium…
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Take-Two shares rise after Rockstar Games releases extended GTA VI preview
Take-Two Interactive Software Inc. (NASDAQ:TTWO) shares rose 2.3% in pre-market trading after Rockstar Games premiered “Grand Theft Auto VI: An Extended Look” on Netflix on the evening of August 27. Rockstar also reaffirmed the November 19, 2026 launch date for Grand Theft Auto VI alongside the showcase. The release followed the circulation of unauthorised GTA…
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Gap shares rise after Q2 earnings beat and higher full-year guidance
Gap Inc (NYSE:GAP) shares rose more than 13% in pre-market trading on Friday after the retailer reported second-quarter adjusted earnings above analyst expectations and raised its full-year earnings guidance. Adjusted earnings per share came in at $0.52, exceeding the analyst consensus of $0.49 by $0.03. Quarterly revenue was $3.7 billion, matching the consensus estimate but…