ADVFN US – Market Content Editor
-
Dollar edges higher as gold rally cools; pound weakens on soft U.K. inflation data
The U.S. dollar rose modestly on Wednesday, supported by a pullback in gold prices and a firmer tone in markets ahead of key inflation data later this week. At 04:20 ET (08:20 GMT), the U.S. Dollar Index gained 0.1% to 98.795, extending its recovery after steep losses last week. Dollar firms ahead of U.S. CPI…
-
Gold steadies after heavy sell-off as trade optimism tempers safe-haven demand
Gold prices stabilized on Wednesday during the Asian session, pausing after a steep decline earlier in the day as easing U.S.–China trade tensions and hopes for progress in global negotiations reduced the appeal of the metal as a safe-haven asset. The move came after investors locked in profits from gold’s recent rally, while the market…
-
Oil gains over 2% as geopolitical risks and trade optimism lift sentiment
Crude oil prices climbed for a second straight session on Wednesday, advancing more than 2% as supply fears tied to sanctions and global tensions overshadowed recent weakness in demand. Optimism surrounding a potential U.S.-China trade agreement added an extra tailwind to the rally. As of 06:45 GMT, Brent futures rose $1.24, or 2.0%, to $62.56…
-
NEO Battery Materials is igniting the battery revolution in the West!
Drones, robotics, and e-mobility increasingly demand batteries with greater range, faster charging times, and lower costs. At the same time, the security of Chinese supply chains is deteriorating. This is precisely where NEO Battery Materials comes into play. With its silicon anodes (NBMSiDE®), the Company promises up to 70 per cent higher energy density at…
-
Dow Reaches Record Closing High But S&P 500, Nasdaq End Little Changed
After moving notably higher over the two previous sessions, stocks turned in a relatively lackluster performance during trading on Tuesday. The Nasdaq and the S&P 500 (SPI:SP500) spent the day bouncing back and forth across the unchanged line, although the narrower Dow showed a more significant increase to reach a new record closing high. The…
-
Bitcoin slips below $109K as rebound falters and “Uptober” optimism fades
Bitcoin (COIN:BTCUSD) extended its recent losses on Tuesday, slipping back below $109,000 after its weekend rally ran out of momentum, leaving the broader crypto market under pressure despite improving sentiment in traditional risk assets. By 09:26 ET (13:26 GMT), Bitcoin was down 2.3% at $108,820, leading declines across major cryptocurrencies even as investors grew more…
-
Warner Bros. Discovery shares soar after launching strategic alternatives review
Warner Bros. Discovery (NASDAQ:WBD) stock surged as much as 9% on Tuesday after the media and entertainment giant announced it has begun a formal review of strategic alternatives, spurred by unsolicited interest from multiple potential buyers. The company said its board will explore several possibilities, including moving ahead with its existing plan to split into…
-
WORK Medical shares gain after strategic AI health tech investment
WORK Medical Technology Group Ltd (NASDAQ:WOK) saw its stock climb 4.5% on Tuesday after announcing a $1 million strategic investment in Neologics Bioscience Inc., a Delaware-based medical technology company specializing in artificial intelligence integration for healthcare applications. The investment secures WORK Medical a 10% equity stake in Neologics on a post-investment basis, bringing the startup’s…
-
Peoples Bancorp posts in-line Q3 earnings as loan growth cushions margin headwinds
Peoples Bancorp Inc. (NASDAQ:PEBO) reported third-quarter results on Tuesday that were broadly in line with Wall Street expectations, as robust loan growth helped counter ongoing pressure on interest margins. The Ohio-based bank posted diluted earnings per share of $0.83, matching analyst forecasts. Total revenue reached $115.18 million, slightly shy of the $116.88 million consensus estimate.…
-
Draganfly stock climbs while Palladyne AI dips after announcing drone-AI partnership
Draganfly Inc. (NASDAQ:DPRO) shares rose 2% on Tuesday, while Palladyne AI Corp. (NASDAQ:PDYN) slipped 2.6%, after the two companies unveiled a new collaboration to integrate Palladyne’s AI technology into Draganfly’s drone platforms. The partnership focuses on incorporating Palladyne’s Pilot AI software into Draganfly’s unmanned aerial vehicle (UAV) systems. This edge-based software is designed to allow…