Category: Top Story
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Five market themes to watch in the week ahead
Investors are heading into a holiday-shortened week, with U.S. stock markets closed on Monday for Martin Luther King Jr. Day. Activity is expected to pick up quickly, however, as President Donald Trump’s latest tariff threats, two high-profile Supreme Court cases, and earnings from major companies such as Netflix (NASDAQ:NFLX) and Intel (NASDAQ:INTC) take center stage.…
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Oil slips as calmer Iran situation erodes geopolitical risk premium
Oil prices edged lower on Monday after climbing in the previous session, as signs that civil unrest in Iran was easing reduced fears of a U.S. military strike that could disrupt supplies from the key Middle Eastern producer. Brent crude was trading at $63.85 a barrel at 0734 GMT, down 28 cents, or 0.44%.U.S. West…
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Gold surges toward $4,700 as Greenland tariff tensions fuel safe-haven demand
Gold prices climbed to fresh record levels during Asian trading on Monday, moving close to $4,700 an ounce as investors rushed into safe-haven assets after U.S. President Donald Trump threatened to impose new tariffs on several European countries in connection with his bid to acquire Greenland. Spot gold gained 1.6% to $4,667.33 an ounce by…
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Bitcoin dips to $92.5k as Greenland tariff tensions hit risk appetite
Bitcoin (COIN:BTCUSD) edged lower during Asian trading on Monday, paring back part of last week’s rebound as renewed tariff threats from U.S. President Donald Trump — tied to his push over Greenland — unsettled broader risk sentiment. The pullback in Bitcoin weighed on the wider crypto complex, where several tokens appeared vulnerable to profit-taking after…
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Greenland tariff threat rattles markets as China growth cools – key drivers today: Dow Jones, S&P, Nasdaq, Wall Street Futures
Global markets moved lower as investors reacted to President Donald Trump’s renewed tariff threats tied to his push to acquire Greenland, while fresh data showed China’s economy losing momentum in the final quarter of the year. European officials discussed possible countermeasures, gold surged to new record highs and oil prices eased as traders weighed the…
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U.S. Stocks Finish Choppy Trading Day Modestly Lower
Stocks moved to the upside in early trading on Friday but quickly gave back ground and showed a lack of direction over the remainder of the trading session. The major averages spent much of the day bouncing back and forth across the unchanged line before eventually closing modestly lower. The Dow dipped 83.11 points or…
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Tesla granted more time to answer NHTSA inquiry into Full Self-Driving
U.S. vehicle safety regulators have agreed to give Tesla (NASDAQ:TSLA) extra time to respond to an investigation examining whether its cars violated traffic laws while operating with the company’s Full Self-Driving software. The National Highway Traffic Safety Administration said on Friday that it has pushed back Tesla’s deadline for key submissions to February 23. The…
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Oral Wegovy posts 3,071 prescriptions in first four days after U.S. launch
Novo Nordisk (NYSE:NVO) recorded 3,071 U.S. prescriptions for the oral version of Wegovy in the first four days following its launch, according to data from IQVIA cited by analysts on Friday. The drugmaker rolled out the pill formulation of its weight-loss therapy as it competes with Eli Lilly (NYSE:LLY) in the fast-growing obesity treatment market.…
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Futures Signal Slightly Higher Start for Wall Street: Dow Jones, S&P, Nasdaq
U.S. stock index futures were indicating a mildly higher open on Friday, setting the stage for equities to build on the rebound recorded in the previous session. Markets could continue to draw support from Thursday’s upward momentum, which was driven by a favorable response to earnings from companies such as Taiwan Semiconductor (NYSE:TSM), Goldman Sachs…
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Italy probes Microsoft sales methods tied to ‘Call of Duty’ and ‘Diablo’ games
Italy’s competition authority said on Friday it has opened investigations into Microsoft’s (NASDAQ:MSFT) Activision Blizzard division over what it described as allegedly “misleading and aggressive” sales practices linked to the video games “Diablo Immortal” and “Call of Duty Mobile”. The watchdog, which is also responsible for enforcing consumer protection rules, said the company was “operating…