Category: Top Story
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Markets Turn to Earnings and Key Data as Japan PM’s Election Gamble Pays Off: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock futures were slightly higher at the start of the week, with investors bracing for a busy stretch of corporate earnings and long-awaited economic data releases. Semiconductor maker Onsemi is among the first major companies set to report on Monday, while Japanese equities advanced after Prime Minister Sanae Takaichi secured a decisive election victory.…
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JPM lifts gold outlook, citing “enough demand from central banks, investors”
JPMorgan has upgraded its gold price outlook, lifting its end-2026 forecast to $6,300 an ounce, on the view that demand from central banks and investors remains strong and durable despite the recent spike in volatility. Gold and silver both saw sharp corrections late last week after surging rapidly to stretched levels, a move that was…
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Memory Chip Prices Jump on AI Demand, Creating Supply Pressures and Cost Risks for Device Makers
Rising demand linked to artificial intelligence infrastructure is driving a sharp increase in memory chip prices, with major manufacturers including Micron Technology Inc (NASDAQ:MU), Samsung Electronics Co Ltd and SK Hynix Inc expected to benefit from the surge, according to new data from Counterpoint Research. The analytics firm said memory pricing has climbed significantly during…
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Analyst says market is misreading Amazon’s heavy CapEx push
Amazon (NASDAQ:AMZN) delivered solid fourth-quarter performance across its core businesses, but investors are drawing the wrong conclusions from the company’s elevated capital spending plans, according to BMO Capital Markets analyst Brian Pitz. In a note published Friday, BMO reiterated its Outperform rating, kept Amazon as a Top Pick and lifted its price target to $310…
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Dow Closes Above 50,000 For First Time As Stocks Rebound From Recent Slump
After moving sharply lower over the past few sessions, stocks showed a substantial move back to the upside during trading on Friday. The major averages all showed substantial upward moves, with the Dow closing above 50,000 for the first time. The major averages reached new highs late in the session before giving back some ground…
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Tesla launches AI training hub in China to support local driving technology
Tesla (NASDAQ:TSLA) has opened a new artificial intelligence training center in China aimed at developing locally adapted AI applications and improving assisted driving features, according to a report from Chinese media outlet Cailianshe. The report, published on Friday, cited Tesla Vice President Tao Lin as confirming that the AI training facility is now up and…
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Roblox stock jumps as bookings outlook beats forecasts
Shares of Roblox Corporation (NYSE:RBLX) rallied sharply on Friday, rising more than 14% in U.S. premarket trading after the gaming platform reported better-than-expected fourth-quarter results and issued full-year bookings guidance that came in well above market expectations. Roblox posted fourth-quarter bookings of $2.22 billion, comfortably ahead of the analyst consensus of $2.09 billion and up…
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Reddit shares jump as AI-driven ads power Q4 beat and upbeat outlook
Reddit (NYSE:RDDT) delivered better-than-expected fourth-quarter results and issued stronger guidance, helped by momentum in its advertising business as new AI tools attract more marketers to the platform. The company also unveiled its first-ever share buyback program, authorising repurchases of up to $1 billion. The social media group reported adjusted earnings of $1.24 per share, comfortably…
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Wall Street Futures Point Higher as Bargain Buyers Step In After Tech Selloff: Dow Jones, S&P, Nasdaq
U.S. stock index futures are signaling a firmer open on Friday, suggesting equities may recover some lost ground after several sessions of sharp declines. Investors appear poised to hunt for bargains following the recent technology-led pullback, which pushed the Nasdaq to its lowest closing level in more than two months. That said, trading volumes could…
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LaFleur Minerals Confirms Strong Gold Continuity with New Assay Results at Swanson Gold Project
LaFleur Minerals Inc. (CSE:LFLR), (USOTC:LFLRF), (TG:3WK0) has announced compelling assay results from its ongoing drilling campaign at the Swanson Gold Project, reinforcing the project’s scale and continuity as a major gold system in Québec’s prolific Abitibi Gold Belt. The results come from 60 drill holes totalling 16,592 metres completed during LaFleur’s maiden drilling program in…