ADVFN US – Market Content Editor
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Ferrari Group Lifts Q3 Revenue by 3.5% as Organic Growth Gains Momentum
Ferrari Group (NYSE:RACE) reported a 3.5% year-on-year increase in third-quarter revenue on Thursday, reaching €83.8 million — in line with analyst forecasts — as the company delivered stronger organic growth despite ongoing softness in Asian markets. The luxury logistics specialist, known for handling high-value shipments including jewelry and timepieces, posted 6.1% organic growth for the…
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Dollar Firms Slightly but Still Heading for Sharp Weekly Loss as Fed Outlook Dominates Trading
The U.S. dollar ticked modestly higher in early Thursday trading, though overall volumes were subdued due to the Thanksgiving holiday. Despite the small lift, the currency remains on track for its steepest weekly drop since July as markets reassess the Federal Reserve’s policy direction. At 04:49 ET (09:49 GMT), the U.S. dollar index — which…
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Oil Prices Slip as U.S. Stockpiles Jump and Peace Efforts in Ukraine Gain Traction
Oil prices edged lower in Asian trading on Thursday, pressured by fresh government data showing a far larger rise in U.S. crude inventories than anticipated. Progress on a U.S.-supported peace proposal for Ukraine also added downward pressure, raising the possibility that more Russian oil could re-enter global markets. As of 21:19 ET (02:19 GMT), January…
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Gold Pulls Back After Big Week as Rate Cut Hopes and Fed Leadership Buzz Drive Markets
Gold prices slipped slightly in Asian trading on Thursday, easing from their recent surge as traders weighed growing expectations of a December interest rate cut by the Federal Reserve. Speculation surrounding who might succeed Fed Chair Jerome Powell — with markets betting on a more dovish replacement — added to the belief that U.S. rates…
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Dow Jones, S&P, Nasdaq, Wall Street, Asian Stocks Edge Higher; U.S. Labor Worries Grow; Bitcoin Jumps Back Above $91,000
Asian equities moved mostly higher on Thursday, while European markets were steady as U.S. traders broke for the Thanksgiving holiday. A new Federal Reserve survey underscored persistent weaknesses in the American labor market, reinforcing bets that policymakers may deliver another interest rate reduction in December. Meanwhile, Chinese real estate shares fell on renewed debt concerns,…
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U.S. Stocks Move Higher For Fourth Consecutive Session
Stocks moved mostly higher over the course of the trading session on Wednesday, extending the upward trend seen over the past few sessions. The major averages moved to the upside in morning trading and remained firmly positive throughout the afternoon. The major averages closed higher for the fourth consecutive session, continuing to claw their way…
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Macquarie Rejects AI Bubble Fears, Citing Real Returns and Ongoing Supply Shortages
Macquarie pushed back on rising market chatter about an artificial intelligence bubble, arguing in a Wednesday research note that the AI boom is grounded in real economic value and constrained supply—not speculation. Analyst Arthur Lai said worries about overheating are “overdone,” adding that many investors “overlook the positive economic returns from AI investment.” To underscore…
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Oracle Shares Rally as Analysts Push Back Against Growing Bearish Sentiment
Oracle (NYSE:ORCL) jumped more than 5% at Wednesday’s opening bell after analysts at Deutsche Bank and HSBC issued supportive notes, arguing that the recent selloff—driven by worries over AI-related spending and uncertainty around the company’s partnership with OpenAI—has been overdone. Deutsche Bank said that despite heightened anxiety surrounding Oracle’s AI infrastructure commitments, “the bear case…
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Moleculin Biotech Shares Slide After Announcing 1-for-25 Reverse Split
Moleculin Biotech Inc. (NASDAQ:MBRX) saw its shares tumble 20.6% in premarket trading on Wednesday after unveiling plans for a 1-for-25 reverse stock split scheduled to take effect on December 1, 2025. Under the approved structure, every 25 existing shares will be combined into a single share, cutting the number of outstanding common shares from roughly…
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Republic Power Group Shares Slip After Nasdaq Flags Late Annual Report Filing
Republic Power Group Ltd (NASDAQ:RPGL) dropped 2.2% in premarket trading on Wednesday after the company revealed it has been notified by Nasdaq that it is out of compliance with the exchange’s listing standards due to a delayed annual filing. The enterprise resource planning software provider said it received a letter from the Nasdaq Stock Market…