ADVFN US – Market Content Editor
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Meta Shares Slip as Reports Emerge of AI Chief Yann LeCun’s Planned Departure
Meta Platforms (NASDAQ:META) shares fell 1.5% in U.S. premarket trading on Tuesday after reports surfaced that Yann LeCun, the company’s chief AI scientist and a central figure in its artificial intelligence strategy, is preparing to leave the company. According to the Financial Times, LeCun is in the early stages of raising funds for a new…
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Warning Signs of a Market Correction Echo the Dot-Com Bubble, Goldman Sachs Warns
Financial markets are increasingly uneasy about the parallels between today’s technology boom and the speculative surge of 1999. While debate continues over whether artificial intelligence (AI) represents a true bubble, several indicators suggest that investors should exercise greater caution. That’s the conclusion of Goldman Sachs strategists, who warned in a note published Sunday that the…
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Tesla’s Stock Outlook Remains “Tricky” as Physical AI Payoff Still Distant, Says Analyst
Tesla (NASDAQ:TSLA) may have cleared a major hurdle after shareholders approved Elon Musk’s $1 trillion compensation package, but analysts caution that the company’s outlook remains uncertain, with much of its future value still tied to unproven artificial intelligence projects. According to Truist Securities analyst William Stein, retaining Musk was “imperative for the company’s success,” emphasizing…
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CoreWeave Shares Dip Premarket as Revenue Forecast Cut Overshadows Solid Q3 Performance
CoreWeave (NASDAQ:CRWV) shares fell in premarket trading on Tuesday after the Nvidia-backed (NASDAQ:NVDA) artificial intelligence cloud infrastructure company warned of a delay at a third-party data center partner, prompting it to trim its full-year revenue forecast. The company now expects 2025 fiscal revenue to range between $5.05 billion and $5.15 billion, down from its previous…
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Oil Dips as Oversupply Concerns Eclipse Sanctions and U.S. Policy Developments
Oil prices slipped in Asian trading on Tuesday, weighed down by persistent fears of an oversupplied market that eclipsed both optimism over a potential resolution to the U.S. government shutdown and uncertainty surrounding new U.S. sanctions targeting Russia’s Rosneft and Lukoil. By 07:17 GMT, Brent crude futures declined 27 cents, or 0.4%, to $63.79 a…
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Gold Rises to Near Three-Week Peak as U.S. Shutdown Resolution Nears and Trade Worries Linger
Gold prices strengthened in Asian trading on Tuesday, approaching a three-week high as investors continued to seek refuge in the precious metal despite a firmer U.S. dollar and improving risk appetite. Progress in resolving the U.S. government shutdown failed to dampen demand for gold, as lingering uncertainty around U.S. trade policy and interest rates kept…
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Dow Jones, S&P, Nasdaq, Wall Street, Futures, Senate Passes Bill to End U.S. Shutdown; CoreWeave Guidance Cut and SoftBank Earnings Beat: Market Movers
U.S. stock futures traded lower on Tuesday as investors digested developments in Washington, where the Senate approved a bill to reopen the federal government, potentially ending the longest shutdown in U.S. history. Meanwhile, AI cloud company CoreWeave (NASDAQ:CRWV) trimmed its full-year revenue outlook, and SoftBank Group (USOTC:SFTBY) delivered a major profit beat, supported by strong…
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Dollar Edges Up as U.S. Shutdown Nears Resolution; Pound Slips on Softer U.K. Wage Growth
The U.S. dollar moved slightly higher on Tuesday as optimism grew that the record-long U.S. government shutdown could soon come to an end, while the British pound weakened after a slowdown in wage growth increased expectations for a Bank of England rate cut in December. At 04:10 ET (09:10 GMT), the Dollar Index, which measures…
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Optimism About End Of Government Shutdown Sparks Rally On Wall Street
Stocks moved sharply higher during trading on Monday, regaining ground following the considerable weakness seen in the previous week. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the charge. The major averages ended the day just off their highs of the session. The Nasdaq surged 522.64 points…
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SPAC News From The Last Seven Days
The Last Week’s Deals Crane Harbor Acquisition Corp. (NASDAQ:CHAC) announced a deal to acquire Xanadu, a photonic quantum computing company. The deal reflects an enterprise value of $3.1bn and includes a $275mm PIPE anchored by AMD, BMO Global Asset Management, and CIBC Asset Management Inc. No closing timeline given. Cantor Equity Partners III, Inc. (NASDAQ:CAEP) announced a deal…