ADVFN US – Market Content Editor
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IREN Shares Soar on $9.7 Billion AI Cloud Partnership with Microsoft
IREN Limited (NASDAQ:IREN) surged more than 24% in premarket trading Monday after announcing a five-year GPU cloud services deal with Microsoft (NASDAQ:MSFT) valued at approximately $9.7 billion, marking one of the largest AI infrastructure partnerships in recent months. As part of the agreement, IREN will supply Microsoft with access to NVIDIA (NASDAQ:NVDA) GB300 GPUs, with…
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Five Market Themes to Watch in the Coming Week
The trading week ahead begins under the shadow of a prolonged U.S. government shutdown, which continues to delay key economic reports, including the crucial nonfarm payrolls data. Meanwhile, the U.S. Supreme Court is set to hear arguments on the legality of former President Donald Trump’s sweeping tariffs, while investors await quarterly results from Advanced Micro…
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Berkshire Hathaway’s Cash Hoard Hits Record $382 Billion After Strong Q3 Results
Berkshire Hathaway (NYSE:BRK.B) posted robust third-quarter earnings, showcasing the resilience of its core insurance operations and conservative financial strategy. Analysts pointed to the company’s impressive cash generation and improved underwriting performance as key drivers behind the results. The conglomerate’s cash reserves surged to a record $381.7 billion, up from $277 billion a year earlier, while…
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Tesla Signs $2.11 Billion Battery Supply Deal with Samsung SDI – Report
South Korea’s Samsung SDI has reportedly entered into a major supply agreement with Tesla (NASDAQ:TSLA) to provide more than ₩3 trillion (approximately $2.11 billion) worth of Energy Storage System (ESS) batteries over the next three years, according to a report published Monday by the Korea Economic Daily. The newspaper cited an unnamed industry source, noting…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Palantir Results on Deck; Trump Weighs In on Nvidia Chip Exports — Market Movers Today
U.S. stock futures were little changed early Monday, as traders looked ahead to another round of corporate earnings while bracing for a lack of key U.S. economic data amid the protracted government shutdown. The closure, now lasting over a month, threatens to delay another critical snapshot of the labor market. Meanwhile, attention is also on…
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Dollar Inches Higher as Markets Await Key U.S. Economic Data
The U.S. dollar edged higher on Monday, staying close to a three-month high as investors awaited private sector reports that could offer new clues about the health of the U.S. economy. By 04:15 ET (09:15 GMT), the Dollar Index — which measures the greenback’s value against a basket of six major currencies — rose 0.1%…
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Oil Prices Rise as OPEC+ Freezes First-Quarter Output Increases
Oil prices edged higher on Monday after OPEC+ announced it would delay production hikes scheduled for the first quarter of next year, a move that helped calm fears of oversupply. However, lackluster manufacturing data from major Asian economies limited the rally. As of 07:22 GMT, Brent crude futures were up 28 cents, or 0.43%, at…
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Gold Rises Slightly but Faces Ongoing Pressure from Fed Caution and Improved Trade Outlook
Gold prices edged up in early Asian trading on Monday, though the precious metal remained under strain after two consecutive weeks of declines. Lingering uncertainty over future U.S. interest rate cuts and easing global trade tensions continued to dampen safe-haven demand. Spot gold was up 0.4% at $4,017.13 an ounce by 01:19 ET (06:19 GMT),…
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BofA upbeat on long-term stock outlook, sees improving fundamentals
Analysts at Bank of America said they remain constructive on the long-term performance of equities, pointing to better operational efficiency, healthier balance sheets, and what they describe as “a higher quality corporate sector than prior cycles.” In a note published Monday, strategist Savita Subramanian told investors that the bank’s U.S. Regime Indicator “barely extended its…
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Wells Fargo calls for an ‘everything rally’ heading into year-end
Wells Fargo is forecasting a broad-based rally in risk assets into the end of 2025, predicting multiple market tailwinds will align to push equities higher. The bank sees the S&P 500 reaching 7,100 by year-end, citing seasonal strength, AI-driven capital expenditure, fiscal catalysts, and consumer stimulus. In a note led by Ohsung Kwon, analysts said…