ADVFN US – Market Content Editor
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Gold declines as Treasury yields rise and markets increase Fed rate hike expectations
Gold prices fell on Tuesday as higher oil prices and government bond yields coincided with increased market expectations for another Federal Reserve interest rate increase. At 04:46 ET (08:46 GMT), XAU/USD was down 1.6% at $4,377.84 an ounce, while gold futures declined 1.2% to $4,426.26. XAG/USD fell 2.4% to $64.98 an ounce and XPT/USD declined…
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Oil prices rise as renewed U.S.-Iran exchanges keep supply risks in focus
Oil prices advanced on Tuesday as renewed military exchanges between the United States and Iran brought attention back to the potential for supply disruptions from the Middle East. Brent crude futures rose $1.18, or 1.3%, to $91.67 per barrel at 0739 GMT, while U.S. West Texas Intermediate crude gained $1.27, or 1.48%, to $87.03. The…
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U.S. futures steady as investors assess Fed rate outlook, oil prices and Japanese bond yields: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures were broadly unchanged early Tuesday as investors assessed the outlook for Federal Reserve interest rates, higher oil prices and renewed military exchanges between the United States and Iran. Energy markets extended their recent gains amid concerns about shipping through the Strait of Hormuz, while Japanese government bond yields increased ahead of U.S.…
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Boeing resumes talks as engineer strike risk looms
Boeing and its engineers’ union will resume contract talks September 8 ahead of an October deadline and possible strike.
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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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Sony and Warner sue Anthropic over AI music training
Sony and Warner Music publishers accuse Anthropic of pirating thousands of copyrighted songs to develop its Claude AI models.
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Wall Street slips as oil spike revives rate fears
U.S. stocks fell as renewed U.S.–Iran strikes pushed oil above $90 and increased expectations for a September Fed rate hike.
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Amazon stock falls as FTC prepares ad-pricing lawsuit
Amazon shares fell as the FTC reportedly prepared a lawsuit alleging the company deceived advertisers and manipulated ad-auction prices.
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Microsoft’s Disc-to-Digital Rollout Turns Physical Xbox Games Into Digital Licenses, With a Catch
Microsoft has unveiled a new Xbox feature that could change how players think about physical game collections in an increasingly digital gaming landscape. Announced during Gamescom, the company’s new Disc-to-Digital program allows owners of supported Xbox One and Xbox Series X games to convert eligible physical copies into digital entitlements. The feature begins rolling out…
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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…