ADVFN US – Market Content Editor
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Amazon signs Swedish wind power agreements as data centre capacity expands
Amazon.com Inc. (NASDAQ:AMZN) has entered into long-term agreements to purchase electricity from four wind farms in Sweden as the company expands its data centre capacity in the country, Bloomberg reported on Friday. The agreements are expected to add nearly 200 megawatts of electricity to Amazon’s power supply, according to company statements cited by Bloomberg. Swedish…
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Google changes European spam policy following EU competition concerns
Alphabet’s (NASDAQ:GOOG) Google said on Friday that it had changed its spam policy in Europe in response to concerns raised by European Union regulators, potentially addressing an issue that could have resulted in an antitrust fine. The scrutiny followed complaints from publishers about Google’s site reputation abuse policy, which targets attempts to manipulate search rankings…
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PayPal shares fall after reported acquisition plan is abandoned
PayPal (NASDAQ:PYPL) shares fell 14.6% in pre-market trading to $52.49 after Bloomberg reported that a consortium comprising Advent International and Stripe had abandoned plans to acquire the digital payments company. The prospective transaction had attracted attention within the fintech sector after reports of takeover discussions emerged in recent months. Consortium reportedly offered $60.50 per share…
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Gold prices steady as investors await Warsh’s Jackson Hole speech
Gold prices were broadly unchanged on Friday as investors awaited Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium for indications on the outlook for U.S. interest rates. Spot gold was flat at $4,600.19 an ounce at 02:50 ET, or 06:50 GMT, while U.S. gold futures declined 0.3% to $4,651.41. The precious metal…
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Oil prices head for weekly decline despite continued U.S.-Iran tensions
Oil prices fell on Friday and were on course to end a two-week run of weekly gains, despite continued uncertainty surrounding relations between the United States and Iran. Brent crude futures declined 60 cents, or 0.67%, to $89.10 per barrel at 0636 GMT, while West Texas Intermediate crude futures fell 64 cents, or 0.77%, to…
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Warsh, Nvidia, PayPal and oil in focus as U.S. futures trade little changed: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures were broadly steady on Friday after Nvidia (NASDAQ:NVDA) shares rallied following the chipmaker’s latest results, while investors turned their attention to Federal Reserve Chair Kevin Warsh’s scheduled speech at Jackson Hole. S&P 500 futures were flat, Nasdaq 100 futures declined 0.3% and Dow futures gained 0.2%. Elsewhere, PayPal (NASDAQ:PYPL) fell sharply in…
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Nvidia’s Blockbuster Outlook Reignites the AI Trade, Powering Nasdaq to a 1.6% Gain
Wall Street closed higher on Thursday as a stronger-than-expected forecast from Nvidia revived enthusiasm for the artificial intelligence trade that has driven the bull market. Technology shares led the advance, with the Nasdaq Composite outpacing the broader market by a wide margin, while gains in the Dow Jones Industrial Average were more restrained. The rally…
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AITX’s RAD Records 14-Unit Order Intake Across Five Customer Relationships
AITX subsidiary RAD received orders for 14 security units across five customer relationships within 24 hours, with the deployments expected to generate approximately $150,000 in annualized recurring revenue if all units are successfully placed into service under their current terms. Key Investor Takeaways Why AITX Stock Is in Focus Artificial Intelligence Technology Solutions (USOTC:AITX) said…
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Black Dragon Texas Frac Sand Acquisition Stays on Track as Share Buyback Nears
Black Dragon Resource Companies said its Texas frac sand acquisition remains on schedule while an open-market share buyback is set to begin August 31, putting transaction completion, resource development and capital management in focus for shareholders. Key Investor Takeaways Why BDGR Stock Is in Focus Black Dragon Resource Companies (USOTC:BDGR) provided investors with updates on…
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American Fusion Reports 100,000-Atmosphere Texatron Testing as D–³He Fusion Program Advances
American Fusion reported repeatable peak confinement pressures of approximately 100,000 atmospheres from its Texatron testing program, while stressing that significant scientific and engineering milestones remain before D–³He fusion ignition or net energy gain can be demonstrated. Key Investor Takeaways Why AMFN Stock Is in Focus American Fusion (USOTC:AMFN) has provided new testing and modeling results…