ADVFN US – Market Content Editor
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Chevron and Quantum Energy line up joint bid for Lukoil’s overseas portfolio, FT reports
U.S. energy major Chevron (NYSE:CVX) is working with private equity firm Quantum Energy Partners on a potential bid for the international assets of Russian oil producer Lukoil, which are estimated to be worth about $22 billion, according to a report by the Financial Times on Wednesday. In a statement emailed to Reuters, a Chevron spokesperson…
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Strategy jumps after MSCI drops plan to remove crypto treasury firms from indexes
Shares in Strategy (NASDAQ:MSTR), the company chaired by billionaire Michael Saylor, climbed around 6% in premarket trading on Wednesday after index provider MSCI abandoned a proposal to exclude the bitcoin-heavy firm and other crypto treasury companies from its indexes. So-called digital asset treasury companies (DATCOs) gained significant traction in 2025 as a growing number of…
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Newmont shares slide after bushfires disrupt water supply at Boddington mine
Newmont Corporation (NYSE:NEM) said bushfire damage has disrupted critical water supply infrastructure at its Boddington gold operation in Western Australia, prompting concerns over near-term production. The miner expects repairs to the affected infrastructure to be completed by February. In the meantime, Newmont estimates that gold production in the first quarter of 2026 will be reduced…
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Cal-Maine Foods shares rise as earnings top forecasts despite weaker sales
Cal-Maine Foods (NASDAQ:CALM) posted quarterly results that exceeded profit expectations even as revenue fell sharply, sending the company’s shares higher. The egg producer reported diluted earnings per share of $2.13, beating the consensus forecast of $2.08. Revenue, however, declined 19.4% year on year to $769.5 million, coming in below market expectations of $814.21 million. The…
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Qualcomm explores 2nm chip production talks with Samsung, report says
Qualcomm (NASDAQ:QCOM) is holding discussions with Samsung Electronics (USOTC:SSNHZ) over potential contract manufacturing of advanced two-nanometre chips, according to comments from chief executive Cristiano Amon cited by South Korea’s Korea Economic Daily on Wednesday. The newspaper reported that Amon said Qualcomm has begun talks with Samsung Electronics ahead of other semiconductor foundry players regarding the…
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Oil prices extend losses as Trump signals Venezuelan crude inflows to the U.S.
Oil markets moved lower on Wednesday, with prices extending recent declines after U.S. President Donald Trump said Washington had reached an agreement that would allow up to $2 billion worth of Venezuelan crude to be imported into the United States. The development is expected to add supply to the world’s largest oil-consuming market and reinforce…
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Gold retreats from record highs as investors book profits and dollar gains ground
Gold prices moved lower during Asian hours on Wednesday, easing back from recent record levels as investors took profits after a strong rally. The pullback came alongside a firmer U.S. dollar and ahead of closely watched U.S. economic data, while geopolitical tensions remained elevated. Spot gold fell about 1% to $4,450.55 an ounce by 02:13…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets scan Trump’s Venezuela oil deal as attention turns to a wave of U.S. data
Futures tied to the main U.S. equity indices were struggling to find clear direction on Wednesday, as investors balanced geopolitical developments with anticipation of a heavy schedule of economic releases. President Donald Trump said the United States and Venezuela have struck an agreement allowing Caracas to export as much as $2 billion of domestically produced…
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Bernstein outlines fresh copper price expectations for 2026
Bernstein has published an updated outlook for copper prices in 2026, forecasting average prices of around $11,500 per tonne in the first quarter before easing back to roughly $10,000 per tonne in the second half of the year as the current rally loses momentum. Copper has recently climbed to record highs above $13,000 per tonne,…
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Cizzle Brands Corporation Announces Closing of Transformative Transaction with the Acquisition of Flow Water Inc.’s Co-Manufacturing Business
The acquisition follows a spinout of the brand-related assets of the Target prior to closing, enabling Cizzle to focus on scaling Flow’s lucrative co-manufacturing business. Cizzle Brands Corporation (USOTC:CZZLF) has announced that it has completed the acquisition of all of the issued and outstanding shares of Flow Water Inc. from RI Flow Sub LLC. The Acquisition…