ADVFN US – Market Content Editor
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Gold Holds Near $4,000 as Global Political Tensions Drive Safe-Haven Buying
Gold prices remained close to record highs in Asian trading on Tuesday, as investors sought safety in the precious metal amid mounting political instability across major economies, including the United States, Japan, and France. Growing expectations for additional U.S. interest rate cuts also bolstered sentiment, while fresh data showing continued gold purchases by the People’s…
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Oil Prices Edge Higher as OPEC+ Surprises Markets with Modest Output Increase
Oil prices extended their upward momentum on Tuesday after OPEC+ announced a smaller-than-expected production increase for November, easing concerns over a potential oversupply in the coming months. As of 06:23 GMT, Brent crude futures rose 19 cents, or 0.29%, to $65.66 per barrel, while U.S. West Texas Intermediate (WTI) gained 19 cents, or 0.31%, to…
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Nasdaq, S&P 500 Reach New Record Closing Highs As AMD Spikes
Following the mixed performance seen during last Friday’s session, stocks moved mostly higher over the course of the trading day on Monday. With the upward move, the Nasdaq and the S&P 500 reached new record closing highs. The Nasdaq climbed 161.81 points or 0.7 percent to 22,941.67 and the S&P 500 (SPI:SP500) rose 24.49 points…
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Fifth Third Bancorp to Acquire Comerica in $10.9 Billion All-Stock Merger
Fifth Third Bancorp (NASDAQ:FITB) announced on Monday, October 6, that it will acquire Comerica Inc. (NYSE:CMA) in an all-stock transaction valued at $10.9 billion, a move that will create the ninth-largest bank in the United States. The combined institution will hold approximately $288 billion in assets and a strong presence across the Midwest, Texas, and…
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OpenAI Boosts AMD Shares Over 30% After Deal
OpenAI has signed a landmark agreement with chipmaker Advanced Micro Devices to deploy 6 gigawatts of Instinct GPUs over the next few years. The partnership could earn OpenAI a stake of up to 10% in AMD . AMD (NASDAQ:AMD) shares soared more than 30% premarket, reaching $226.71, their biggest intraday gain in nearly a decade. Shares were up 27.7% as…
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Figure Gains Momentum in Credit Tokenization, Earns “Outperform” Rating from Bernstein
Bernstein initiated coverage of Figure Technology Solutions (NASDAQ:FIGR) with an “Outperform” rating and a $54 price target, citing the company’s leading role in the private credit tokenization market, where it currently controls about 75% of the $17 billion sector. Analysts led by Gautam Chhugani described Figure as a trailblazer in merging blockchain technology with traditional…
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Robinhood Suffers Major Outage as Galaxy Digital Launches Competing Trading Platform GalaxyOne
Robinhood (NASDAQ:HOOD) experienced a widespread outage during Monday’s market open (October 6), leaving thousands of users unable to trade both stocks and cryptocurrencies on the platform. The disruption quickly led to a wave of complaints on social media, with users criticizing the company’s digital infrastructure and lack of reliability. The outage hit at a sensitive…
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BitMine Expands Ethereum Holdings, Strengthening Its Position in Crypto Treasury Strategy
BitMine Immersion Technologies (AMEX:BMN) has significantly boosted its Ethereum (COIN:ETHUSD) holdings, now owning 2.83 million ETH tokens, as part of a broader effort to expand its digital asset treasury. The company’s total cash and crypto reserves have reached $13.4 billion, including $456 million in cash and 192 bitcoins. Last week alone, BitMine acquired 179,251 ETH,…
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Ed Yardeni Raises S&P 500 Target to 7,000 on Strong U.S. Economy and Improved Sentiment
Yardeni Research has lifted its year-end S&P 500 target back to 7,000, citing the resilience of the U.S. economy and renewed investor optimism following President Trump’s resolution of trade tensions. “We started the year there, but lowered it earlier this year in response to Trump’s Tariff Turmoil,” said Ed Yardeni, President of Yardeni Research. “We…
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Jefferies Upgrades Ford, Says Automaker Better Positioned Than GM Amid Shifting U.S. Regulations
Ford Motor Co. (NYSE:F) is better equipped than General Motors (NYSE:GM) to navigate the evolving U.S. landscape on emissions and trade policy, according to Jefferies analysts, who upgraded Ford’s stock and highlighted its stronger regulatory flexibility. The brokerage raised its rating on Ford to Hold from Underperform and increased its price target to $12 from…