ADVFN US – Market Content Editor

Chevron (NYSE:CVX) announced plans to reduce next year’s spending, signaling a strategic shift toward boosting profitability rather than expanding production volumes, especially as crude prices hover near their lowest levels since 2021. The company now expects capital expenditures of about $18.5 billion in 2026 — the bottom end of the guidance outlined last month and…

Salesforce (NYSE:CRM) advanced about 2% in premarket trading on Thursday after delivering stronger-than-expected third-quarter results and raising its full-year guidance, buoyed by continued demand for its AI-powered products. For the quarter ended October 31, the software giant posted earnings per share of $3.25, comfortably ahead of Bloomberg consensus expectations of $2.86. Revenue increased 8.6% from…

Snowflake (NYSE:SNOW) shares slid more than 8% in premarket trading on Thursday after the company issued a fourth-quarter product revenue forecast that failed to meet Wall Street’s elevated hopes. The data-cloud firm said it expects current-quarter product revenue between $1.195 billion and $1.200 billion, implying around 27% year-over-year growth. Analysts had been looking for roughly…

The U.S. dollar held steady on Thursday but continued to trade near recent lows, with softer economic data reinforcing expectations that the Federal Reserve will cut interest rates next week. At 04:50 ET (09:50 GMT), the Dollar Index — which measures the greenback against six major peers — was little changed at 98.805, hovering around…

Oil prices edged higher on Thursday as fresh Ukrainian attacks on Russia’s energy infrastructure raised the risk of supply disruptions, while stalled diplomatic efforts tempered hopes for any deal that might normalize Russian crude flows. Gains, however, remained modest due to ongoing weak market fundamentals. By 0659 GMT, Brent crude was up 41 cents, or…

Gold prices slipped during Thursday’s Asian session, pressured by profit-taking even as confidence continued to build that the Federal Reserve will move ahead with an interest rate cut next week. By 02:28 ET (07:28 GMT), spot gold was down 0.3% at $4,191.55 an ounce, while February U.S. gold futures also eased 0.3% to $4,219.46. US…

Stellantis (NYSE:STLA) is pulling back 72,509 Ram vehicles in the U.S. after identifying a software fault that can cause the instrument cluster screen to shut off unexpectedly. The U.S. National Highway Traffic Safety Administration disclosed the recall on Monday, citing documentation provided by the manufacturer. According to the filing, a software malfunction can cause the…