ADVFN US – Market Content Editor

Cleveland-Cliffs Inc. (NYSE:CLF) reported third-quarter 2026 adjusted earnings above analyst expectations on Monday, supported by higher steel prices and increased revenue compared with the previous year. Shares in the US steel producer rose more than 7% in premarket trading following the publication of its financial results. The company reported adjusted earnings per share of $0.28,…

KKR (NYSE:KKR) could face a fine of up to 1% of its annual worldwide turnover after European Union antitrust regulators raised objections concerning information supplied during the review of its acquisition of an Italian fixed broadband network business. The European Commission has issued a Statement of Objections to the US private equity firm, setting out…

Nebius Group (NASDAQ:NBIS) shares gained 3.6% in premarket trading on Monday after Truist analysts reiterated their Buy rating on the company and Nebius announced a $10 million programme supporting artificial intelligence developers in Europe. The increase followed a period of selling pressure across AI infrastructure stocks, with Nebius shares declining approximately 21% over the previous…

Activist investor Starboard Value believes Skyworks Solutions (NASDAQ:SWKS) could benefit from cost reductions and improved operating margins following its merger with Qorvo, according to a Bloomberg News report published on Monday. Citing people familiar with the matter, Bloomberg reported that Starboard considers the wireless semiconductor manufacturer’s shares undervalued following the completion of its acquisition of…

Novartis (NYSE:NVS) has discontinued a mid-stage clinical trial evaluating its oral treatment Fabhalta in patients with lupus nephritis, according to an update to a US federal clinical trials registry dated October 15. The Swiss pharmaceutical company said the decision was based on strategic considerations and was not related to interim findings concerning the drug’s efficacy…

Oil prices declined on Monday after US President Donald Trump issued an executive order suspending numerous sanctions against Russia and waiving proposed tariffs on countries importing Russian oil. The decision raised expectations that additional Russian crude could remain available to international markets. Brent crude futures fell 2.06% to $107.60 per barrel at 02:00 ET (06:00…

Gold prices advanced on Monday as investors reduced expectations for another US Federal Reserve interest rate increase following comments from Chair Kevin Warsh. US gold futures moved above $4,200 an ounce, while other precious metals also recorded gains. At 00:51 ET (04:51 GMT), spot gold rose 0.4% to $4,180.29 per ounce, while US gold futures…