ADVFN US – Market Content Editor
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Credo Technology jumps after posting earnings that beat forecasts, fueled by AI-driven demand
Credo Technology Group (NASDAQ:CRDO) delivered stronger-than-expected quarterly results, benefiting from the ongoing surge in investment tied to large-scale artificial intelligence infrastructure projects. The upbeat report sent the stock soaring more than 17% in U.S. premarket trading on Tuesday. The data-center connectivity specialist reported fiscal second-quarter revenue of $268 million, exceeding the consensus estimate of $234.67…
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Oil trades steady as markets assess supply risks from Ukraine strikes and U.S.–Venezuela tensions
Crude prices were largely unchanged on Tuesday, with traders weighing the potential fallout from Ukrainian drone attacks on Russian energy facilities and rising diplomatic strain between the United States and Venezuela. By 0903 GMT, Brent crude slipped 19 cents (0.3%) to $62.98 a barrel, while U.S. West Texas Intermediate eased 12 cents (0.2%) to $20…
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Gold dips as Treasury yields firm; markets brace for key U.S. data and Fed meeting
Gold prices softened during Tuesday’s Asian session, pressured by a rebound in U.S. Treasury yields as traders grew more cautious ahead of a packed economic calendar and next week’s pivotal Federal Reserve decision. Spot gold fell 0.4% to $4,213.97 per ounce at 02:41 ET (06:41 GMT), retreating after hitting a six-week high in the previous…
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Dollar steadies but remains pressured as markets brace for Fed rate cut
The U.S. dollar saw a slight uptick early Tuesday, though overall sentiment toward the greenback remained weak as traders increasingly expect the Federal Reserve to deliver an interest rate cut at its meeting later this month. By 04:30 ET (09:30 GMT), the Dollar Index — which measures the currency against six major peers — was…
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Bitcoin steadies at $87K after sharp drop; crypto equities extend declines
Bitcoin (COIN:BTCUSD) inched higher early Tuesday, staging a mild recovery after a heavy selloff at the start of the week that briefly pushed the token below $84,000. The renewed wave of risk aversion that hit digital assets on Monday added to the volatility that closed out November. The reversal caught traders off guard, coming just…
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Dow Jones, S&P, Nasdaq, Wall Street, Futures slip; Bitcoin stabilizes after plunge; Marvell earnings on deck: here’s what’s moving markets
U.S. index futures were mostly softer early Tuesday, with traders monitoring Bitcoin’s sharp downturn and looking ahead to next week’s Federal Reserve meeting, where expectations for a rate cut continue to build. Bitcoin was little changed after its steep drop, as fading risk appetite weighed on the crypto space. Gold edged lower under pressure from…
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McFarlane expands Juby Gold Project in Ontario
Interview with Mark Trevisiol, president, CEO, and chair of McFarlane Lake Mining (USOTC:MLMLF) (CSE:MLM). Ricki: Hello, I’m Ricki Lee and this is The Capital Compass. Today we are looking at McFarlane Lake Mining. The Canadian gold exploration company is advancing one of Ontario’s largest undeveloped gold projects, the Juby Gold Project in Abitibi Greenstone Belt near…
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U.S. Stocks Give Back Ground After Last Week’s Rally
After coming under pressure early in the session, stocks staged a recovery attempt in mid-day trading on Monday but moved back to the downside as the day progressed. The major averages all finished the session firmly in negative territory. The Dow slumped 427.09 points or 0.9 percent to 47,289.33, the Nasdaq fell 89.76 points or…
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Nvidia Shares in Focus After CEO Frames China as a “Bonus Opportunity”
Nvidia (NASDAQ:NVDA) CEO Jensen Huang said China should be viewed as a “bonus opportunity” for the chipmaker, noting that the company’s immediate priority is satisfying exceptional worldwide demand for its technology. Speaking in an interview with CNBC on Monday, Huang said demand for Nvidia’s products is currently “skyrocketing,” leaving the company fully absorbed in serving…
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Fusemachines Shares Gain Following New AI Integration Deal with RentRedi
Fusemachines Inc. (NASDAQ:FUSE) advanced 4.9% on Monday after the enterprise AI company unveiled a fresh partnership with RentRedi, a software platform built for property management. Through the agreement, RentRedi will incorporate Fusemachines’ AI Studio for Real Estate into its technology stack, enabling the two firms to co-develop AI-driven tools aimed at helping independent landlords streamline…