ADVFN US – Market Content Editor
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Gold Dips as Dollar Strengthens and Fed Policy Outlook Remains Cloudy
Gold prices edged lower in Asian trading on Tuesday, pressured by a stronger U.S. dollar and investor caution over the Federal Reserve’s next policy move after Chair Jerome Powell’s hawkish comments last week. By 01:58 ET (06:58 GMT), spot gold slipped 0.4% to $3,986.10 per ounce, while U.S. gold futures fell 0.5% to $3,994.30. The…
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Crude Prices Ease as OPEC+ Pause Fuels Oversupply Fears
Oil prices slipped on Tuesday after OPEC+’s decision to pause production increases in the first quarter raised worries that global supply could outpace demand. By 0700 GMT, Brent crude futures were down 37 cents, or 0.6%, at $64.52 per barrel, while U.S. West Texas Intermediate (WTI) crude also dropped 0.6% to $60.68. The Organization of…
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Dollar Holds Firm Near Three-Month Peak as Traders Scale Back Rate Cut Bets; Sterling Weakens on U.K. Political Strain
The U.S. dollar remained near a three-month high on Tuesday, supported by fading expectations for additional Federal Reserve rate cuts, while the British pound slipped as political pressures mounted on U.K. finance minister Rachel Reeves. At 04:35 ET (09:35 GMT), the U.S. Dollar Index — which tracks the greenback against a basket of six major…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Slip as Tech Stocks Weigh; Palantir Sinks, AMD Earnings Ahead
U.S. stock futures moved lower early Tuesday, as investors weighed new comments from Federal Reserve officials and a flood of corporate earnings while locking in profits after a volatile start to November. Futures Edge Down By 02:58 ET, Dow futures were down 0.7% (313 points), S&P 500 futures dropped 0.9% (61 points), and Nasdaq 100…
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Starbucks to Sell Majority Stake in Its China Operations to Boyu Capital
Starbucks (NASDAQ:SBUX) has agreed to sell a 60% stake in its China retail business to Boyu Capital, in a transaction that values the coffee giant’s Chinese operations at over $13 billion. Under the agreement announced Monday, Boyu Capital will take control of the majority share in Starbucks’ retail network in China, while Starbucks will retain…
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BP Surpasses Expectations with $2.21 Billion Quarterly Profit, Keeps Buybacks Unchanged
BP plc (NYSE:BP) posted an underlying replacement cost (RC) profit of $2.21 billion for the third quarter, coming in slightly ahead of analyst estimates of $2.02 billion, though just below the $2.27 billion reported a year earlier. The company kept its quarterly share buyback program steady at $750 million and reaffirmed plans to complete roughly…
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U.S. Stocks Close Mixed Even As Amazon Extends Surge
After ending last Friday’s session in positive territory, the major U.S. stock indexes turned in a mixed performance during trading on Monday. While the Nasdaq and the S&P 500 saw further upside, the narrower Dow moved to the downside. The Dow fell by 226.9 points or 0.5 percent to 47,6.68, but the S&P 500 (SPI:SP500)…
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Why are governments and tech companies suddenly interested in small nuclear reactors?
The world needs a constant supply of electricity to reach net-zero targets. Renewable energy sources provide part of the solution. Nuclear reactors run regardless of weather conditions, with lower carbon emissions than hydrocarbons, but traditional nuclear plants have become notorious for delays and cost overruns. Small modular reactors (SMRs) promise to de-risk the cost overruns…
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U.S. rare earth stocks dip as China plans to ease export restrictions
Shares of U.S. rare earth producers slipped slightly in premarket trading on Monday after reports that China plans to lift some of its additional export restrictions on critical minerals, following diplomatic progress between Washington and Beijing. Critical Metals (NASDAQ:CRML), Energy Fuels (AMEX:UUUU), United States Antimony Corporation (AMEX:UAMY), and NioCorp Developments (NASDAQ:NB) all traded lower ahead…
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Memory Chip Stocks Rally as Samsung Postpones DDR5 Contract Pricing Amid Sharp Price Surge
Shares of memory chipmakers surged in premarket trading Monday following reports that Samsung Electronics has postponed setting contract prices for its DDR5 memory chips after a sharp rise in spot market prices. Micron Technology (NASDAQ:MU) climbed 4.1%, while SanDisk jumped over 6.1%, leading gains across the semiconductor sector. Other storage names followed suit, with Western…