Category: Top Story
-
Micron rises after brokers lift price targets on strong memory pricing outlook
Shares of Micron Technology (NASDAQ:MU) climbed more than 4% in premarket trading on Monday after several Wall Street analysts raised their price targets, citing continued strength in memory chip pricing and solid demand tied to artificial intelligence workloads. An analyst at RBC Capital Markets, Srini Pajjuri, lifted his target price to $525 from $425 while…
-
U.S. stocks poised to rebound as oil prices retreat: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures are signaling a strong start to Monday’s session, suggesting that markets may recover some of the losses recorded last week. The early momentum appears to be driven by a sharp decline in crude oil prices, which are down about 3.2% after surging 8.6% during the previous week. The drop in oil…
-
Cannabix Technologies Launches Groundbreaking Marijuana Breath Test for Detecting Recent Cannabis Use
Cannabix Technologies Inc (USOTC:BLOZF) has announced the commercial launch of its long-anticipated Marijuana Breath Test (MBT) system, marking a major milestone in the evolution of cannabis detection technology. The Vancouver-based company revealed that it has begun a phased commercial rollout of the system, delivering initial units to select commercial customers across multiple industries while preparing…
-
Meta shares rise after report of potential 20% workforce reduction to manage AI spending
Shares of Meta (NASDAQ:META) moved higher in premarket trading on Monday following a report that the company is weighing substantial job cuts as it increases investment in artificial intelligence infrastructure. Reuters reported over the weekend, citing people familiar with the matter, that Meta is evaluating layoffs that could impact more than 20% of its workforce…
-
Five key market drivers to watch in the week ahead
The ongoing conflict involving Iran and its impact on global oil prices remains the dominant theme for financial markets as the new trading week begins. However, investors will also be monitoring several other potential catalysts. Alongside developments in the Middle East, Nvidia (NASDAQ:NVDA) CEO Jensen Huang is scheduled to deliver a closely watched presentation on…
-
Iran conflict enters third week; Nvidia event and Fed decision in focus for markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures edged higher on Monday as investors prepared for a week filled with potential market-moving developments. The conflict involving Iran continues to intensify, driving oil prices higher and stoking concerns about inflation. At the same time, a major developer conference hosted by Nvidia (NASDAQ:NVDA) could shed light on the next phase of the…
-
DroneShield, NEO Battery, and BYD: Innovations in a billion-dollar market
Drones are rapidly changing modern warfare. Today, inexpensive aircraft can threaten even expensive military technology, pushing traditional defense systems to their limits. At the same time, the demand for powerful batteries is increasing, as range and operating time could become decisive factors. AI-supported drone defense, high-performance batteries, and new battery technologies are thus at the…
-
Oil Near $100 Viewed as Manageable for U.S. Economy, Capital Economics Says
Crude prices approaching $100 per barrel may not be especially harmful for the U.S. economy, according to research firm Capital Economics, which notes that the country’s position as a modest net exporter of energy helps soften the impact. Stephen Brown, deputy chief North America economist at Capital Economics, wrote in a note this week that…
-
Q4 signaled investor rotation “from gold to black gold,” BofA says
Investor positioning began shifting in the fourth quarter as money managers rotated capital “from gold to black gold,” according to a note released Tuesday by Bank of America strategist Savita Subramanian. Subramanian pointed out that investors had already started increasing exposure to Energy before the latest U.S.-Israel strikes on Iran, with the subsequent retaliatory attacks…
-
U.S. Stocks See Further Downside As Early Buying Interest Evaporates
Following the sell-off seen during Thursday’s session, stocks rebounded in early trading on Friday but showed a notable move back to the downside as the day progressed. The major averages pulled back well off their early highs and into negative territory. The major averages added to the steep losses posted in the previous session, falling…