ADVFN US – Market Content Editor
-
Gold Surges Past $3,750/oz Amid Rate-Cut Uncertainty; Powell Speech in Focus
Gold prices reached new record highs in Asian trading on Tuesday, fueled by safe-haven demand as recent comments from Federal Reserve officials prompted caution over potential interest rate cuts. Investors are closely watching a series of U.S. economic releases this week, including a key address from Fed Chair Jerome Powell later today. August’s PMI data…
-
Oil Extends Losses Amid Iraq-Kurdistan Pipeline Agreement and Oversupply Concerns
Oil prices continued their downward trend for a fifth consecutive session on Tuesday, as a preliminary deal between Iraq and Kurdish regional authorities to restart a major oil pipeline added pressure to already abundant global supply. Brent crude futures fell 34 cents, or 0.51%, to $66.23 a barrel by 06:39 GMT, while U.S. West Texas…
-
U.S. Stocks Reach New Record Highs After Recovering From Initial Pullback
After recovering from an initial move to the downside, stocks moved mostly higher over the course of the trading session on Monday. While the tech-heavy Nasdaq led the charge, the major averages all reached new record closing highs. The major averages ended the day just off their highs of the session. The Nasdaq advanced 157.50…
-
Toast shares slide after software price cuts for small restaurants
Toast Inc (NYSE:TOST) stock fell 5% Monday morning following the company’s announcement of substantial price reductions for its software packages targeting smaller restaurants, raising concerns about competitive pressures in the sector. According to Baird analyst David Koning, who tracks Toast’s pricing weekly, monthly fees for the “Core” and “Growth” software packages have been lowered by…
-
Ionis shares rise after positive results for Alexander disease therapy
Ionis Pharmaceuticals (NASDAQ:IONS) stock climbed 5% following the announcement of encouraging topline results from a pivotal study of zilganersen in patients with Alexander disease, a rare and often fatal neurological disorder with no approved disease-modifying treatments. The company reported that zilganersen 50 mg demonstrated statistically significant stabilization in gait speed compared to control, with a…
-
Quantum Computing shares drop after $500M private placement
Quantum Computing Inc. (NASDAQ:QUBT) stock fell 12.1% in premarket trading Monday following the announcement of a $500 million private placement of common stock to institutional investors. The integrated photonics and quantum optics company said it will sell 26,867,276 shares in an oversubscribed private placement priced at market under Nasdaq rules. The offering is expected to…
-
AgriFORCE shares surge after rebranding to AVAX One with $550M fundraising plan
AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) stock jumped 183% in premarket trading Monday after the company announced it will rebrand as AVAX One and launch a roughly $550 million fundraising initiative to invest in Avalanche’s native token. The company aims to become the first NASDAQ-listed entity with a dedicated strategy to maximize AVAX token holdings, creating…
-
Tempus AI shares rise after FDA clearance for RNA sequencing device
Tempus AI, Inc. (NASDAQ:TEM) stock climbed 5% on Monday after the company announced it received 510(k) clearance from the U.S. Food and Drug Administration for its RNA-based Tempus xR IVD device. The AI-driven precision medicine company will offer the newly cleared device as a life sciences tool to support drug development programs. The Tempus xR…
-
Atlas Lithium shares rise on strong rare earth results from subsidiary
Atlas Lithium Corp (NASDAQ:ATLX) stock climbed 2.9% in premarket trading Monday after its subsidiary reported encouraging results from rare earth projects in Brazil. Atlas Critical Minerals Corporation, a subsidiary of Atlas Lithium, unveiled promising outcomes from its diversified rare earth portfolio, which the company describes as Brazil’s most comprehensive rare earth project collection. The subsidiary…
-
Bitmine Immersion Technologies shares slide after $365M equity raise
Shares of Bitmine Immersion Technologies (NASDAQ:BMNR) fell 5.7% in premarket trading Monday following the company’s announcement of a $365.2 million equity offering. The cryptocurrency mining firm sold roughly 5.2 million shares at $70 each to an institutional investor through a registered direct offering, with Moelis & Co (NYSE:MC) acting as the sole placement agent. In…