Category: Top Story
-
Exxon Expands Automated Drilling in Permian to Boost Oil Production
ExxonMobil (NYSE:XOM) is stepping up its use of automated drilling technology in the Permian Basin as the U.S. energy major seeks to improve safety, accelerate well development and support a substantial increase in oil production. At automated rigs in West Texas, robotic equipment is increasingly taking over tasks traditionally performed by workers on the drilling…
-
Eli Lilly Launches Foundayo Weight-Loss Pill in UK
Eli Lilly (NYSE:LLY) has launched its oral weight-management and type 2 diabetes treatment Foundayo in the UK, making Britain the first European market where the drug is commercially available, the company said on Monday. Foundayo, chemically known as orforglipron, will initially be available through private prescriptions after receiving authorisation from the UK’s medicines regulator on…
-
Nvidia Reportedly Weighs Perplexity Investment at More Than $30 Billion Valuation
Nvidia (NASDAQ:NVDA) is reportedly holding talks about investing in artificial intelligence startup Perplexity through a new financing round that could value the company at more than $30 billion, according to The Information. The discussions centre on a funding round potentially worth several billion dollars, with Nvidia among the prospective investors, the report said, citing people…
-
AI Trade in Focus as Nvidia Earnings and Iran Sanctions Keep Markets on Edge: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures moved lower on Monday as investors prepared for Nvidia’s (NASDAQ:NVDA) quarterly results later in the week, with uncertainty surrounding the artificial intelligence trade combining with geopolitical tensions between Washington and Tehran to weigh on sentiment. Markets are also looking towards Federal Reserve Chair Kevin Warsh’s appearance at Jackson Hole, where investors will…
-
Dow Jumps More Than 550 Points As Strong Data Steadies Wall Street
Stocks closed higher on Friday, with the Dow Jones Industrial Average leading the way, as upbeat economic data and calmer bond markets gave investors a reason to buy after a turbulent week. A report showing U.S. business activity growing at its fastest pace in more than four years helped lift sentiment, even though the major…
-
Nvidia in advanced talks to invest hundreds of millions in Cloverleaf Infrastructure – WSJ
Nvidia (NASDAQ:NVDA) is reportedly in advanced negotiations to invest several hundred million dollars in Cloverleaf Infrastructure, a power development company specialising in securing electricity capacity for data-centre projects, according to The Wall Street Journal. An agreement could be announced as soon as Friday. Although Cloverleaf is privately held, a transaction would carry strategic significance for…
-
Wall Street futures point to rebound after Thursday’s sharp selloff: Dow Jones, S&P, Nasdaq
US stock futures moved higher on Friday, signalling a potential rebound at the opening bell after Wall Street suffered steep losses in the previous session amid rising oil prices and renewed pressure from bond yields. Investors appeared willing to return to stocks following Thursday’s decline, although continued strength in crude oil and uncertainty surrounding the…
-
US regulatory momentum seen as key driver behind Bitcoin breakout
Bitcoin’s (COIN:BTCUSD) move out of its recent trading range appears to have been driven primarily by improving US regulatory sentiment rather than broader concerns about currency debasement, according to Citi analysts. The bank pointed to the delayed reaction in Bitcoin following the US Treasury’s bond buyback announcement, as well as ether outperforming Bitcoin during the…
-
Strategy shares surge as Bitcoin breaks above $70,000
Strategy (NASDAQ:MSTR) shares jumped 10.9% in pre-market trading on Friday after Bitcoin surged above $70,000 overnight, reaching its highest level since early June 2026 and triggering strong gains across cryptocurrency-linked equities. Strategy remains one of the stock market’s most closely watched proxies for Bitcoin because of its substantial exposure to the cryptocurrency, leaving its shares…
-
Coinbase shares surge as crypto optimism and regulatory momentum build
Coinbase (NASDAQ:COIN) shares jumped 7.1% in pre-market trading on Friday as investors responded to a combination of bullish comments from CEO Brian Armstrong, growing expectations of US crypto legislation and a powerful short squeeze across digital asset markets. The advance followed Armstrong’s appearance on CNBC and continued positive sentiment stemming from the recent White House…