ADVFN US – Market Content Editor
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SPAC News From The Last Seven Days
The Last Week’s Deals Churchill Capital Corp X (NASDAQ:CCCX) reported a deal to acquire neutral atom–based quantum technology company Infleqtion. The deal, which reflects an equity value of $1.8bn, includes a $127mm PIPE led by Maverick Capital, Counterpoint Global (Morgan Stanley), and Glynn Capital. No timeline for closing was given. Vine Hill Capital Investment Corp.…
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Dollar slips as Fed meeting, retail data take center stage; euro strengthens
The U.S. dollar fell to a two-month low on Tuesday as investors positioned ahead of the Federal Reserve’s upcoming policy decision and the release of August retail sales data. By 04:25 ET (08:25 GMT), the Dollar Index, which measures the greenback against six major currencies, dipped 0.2% to 96.727, its weakest level since July. Dollar…
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Nvidia’s China-Focused AI Chip Faces Tepid Demand as Firms Await H20 and B30A Approvals
Nvidia’s (NASDAQ:NVDA) latest AI chip for the Chinese market, the RTX6000D, has seen only limited uptake since its release, with some major tech companies holding off on purchases, Reuters reported Tuesday, citing sources familiar with procurement talks. The RTX6000D, designed mainly for AI inference applications, carries a price tag of roughly 50,000 yuan ($7,000). Industry…
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Disney to Take Minority Stake in Webtoon Entertainment
Shares of Webtoon Entertainment (NASDAQ:WBTN) surged by up to 64% in early trading on Tuesday after Walt Disney (NYSE:DIS) revealed plans to acquire a 2% ownership stake in the digital comics company. Under the new collaboration, Disney will work with Webtoon to feature its popular comic titles on a revamped digital platform and companion app.…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Await Fed; Trump Blocked from Removing Fed Governor, TikTok Deal in Focus
U.S. equity futures showed modest gains on Tuesday as traders awaited key economic data and a Federal Reserve interest rate decision later this week. August retail sales are expected to offer clues about consumer resilience amid ongoing concerns over tariffs imposed by President Donald Trump. On the regulatory front, a federal appeals court blocked Trump’s…
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Gold Climbs Toward $3,700/oz Ahead of Fed Policy Decision
Gold prices edged higher in Asian trading on Tuesday, nearing $3,700 per ounce, as markets priced in a likely Federal Reserve interest rate cut later this week. Investor demand for the safe-haven metal was also supported by ongoing concerns about the central bank’s independence. Spot gold rose 0.1% to $3,681.20 per ounce by 01:42 ET…
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Oil Prices Climb on Supply Worries Amid Russia-Ukraine Conflict; Fed Policy in Focus
Oil prices rose in Asian trading on Tuesday, extending recent gains as ongoing attacks on Russian energy infrastructure by Ukraine heightened concerns over potential supply disruptions. The escalation comes after Russian forces launched a major offensive in southeastern Ukraine, including the city of Zaporizhzhia, following several weeks of Ukrainian strikes targeting Russian oil facilities. Market…
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Nasdaq, S&P 500 Climb To New Record Closing Highs
Stocks moved mostly higher during trading on Monday, adding to the strong gains posted last week. With the continued upward move, the Nasdaq and the S&P 500 reached new record closing highs. The Nasdaq jumped 207.65 points or 0.9 percent to 22,348.75 and the S&P 500 (SPI:SP500) climbed 30.99 points or 0.5 percent to 6,615.28.…
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Becoming the largest conflict-free tungsten supplier in the world
If you’ve been following critical minerals, here’s why tungsten, and Almonty Industries (NASDAQ: ALM, TSX: AII, ASX:AII), should be on your watchlist. This article is being disseminated on behalf of Almonty Industries, a third-party issuer and is intended for informational purposes only. 1. A Critical national security metal Tungsten is officially classified as a critical mineral by…
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U.S. crypto ETFs drew over $2 billion in inflows last week
Last week, U.S. spot Bitcoin ETFs recorded five consecutive days of net inflows, totaling $2.323 billion. This brought assets under management (AUM) to $15.318 billion. The inflows were led by BlackRock’s ETF (NASDAQ:IBIT), which received $1.036 billion, followed by Fidelity’s ETF (AMEX:FBTC) with $849 million. Meanwhile, spot Ethereum ETFs also showed strength, attracting $637 million…