ADVFN US – Market Content Editor
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Lockheed Martin and Rheinmetall partner to manufacture ATACMS missiles in Germany (LMT)
Defence groups plan first ATACMS production site outside the US Lockheed Martin (NYSE:LMT) and German defence manufacturer Rheinmetall (TG:RHM) have signed a memorandum of understanding to jointly produce ATACMS missiles in Germany, marking the first time the short-range ballistic missile would be manufactured outside the United States. In a joint statement released on Tuesday, the…
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Meta faces potential US$1.4 trillion penalty claim ahead of youth safety trial (META)
Meta says four states are seeking record financial penalties Meta Platforms (NASDAQ:META) said in a court filing on Monday that four US states are pursuing penalties totalling approximately US$1.4 trillion in a lawsuit alleging the company deliberately designed Facebook and Instagram to encourage addictive use among young people while misleading the public about platform safety.…
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Fiserv discusses potential sale of debit payments network with major US banks (FISV)
Large lenders explore acquisition of payments infrastructure Fiserv (NASDAQ:FISV) has been in discussions with several leading US banks, including JPMorgan (NYSE:JPM) and Bank of America (NYSE:BAC), regarding the possible sale of its debit payments network business, according to a source familiar with the matter. The proposed transaction comes as the financial technology group continues efforts…
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SpaceX edges lower as Wall Street launches coverage ahead of Nasdaq 100 entry (SPCX)
Analysts begin coverage before major index inclusion Shares of Space Exploration Technologies (NASDAQ:SPCX) slipped ahead of the company’s scheduled inclusion in the Nasdaq 100 on Tuesday, as several major Wall Street firms initiated research coverage with price targets ranging from US$190 to US$300. The wide range of valuations reflects differing opinions over the long-term potential…
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Walmart cuts prices on barbecue essentials after Trump highlights retailer’s move (WMT)
Walmart lowers prices on key summer food items Walmart (NYSE:WMT) announced on Monday that it is reducing prices on a range of popular summer barbecue products, including beef, soft drinks and snack foods, after President Donald Trump said the retailer had agreed to lower prices at his administration’s request. In a post on Truth Social,…
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Micron shares retreat as Samsung earnings trigger memory chip selloff (MU)
Samsung results spark declines across semiconductor sector Micron Technology (NASDAQ:MU) shares fell 4.9% in premarket trading on Tuesday, extending a broader decline across the memory semiconductor industry after Samsung Electronics’ latest earnings update prompted selling throughout the sector. Shares of SanDisk also dropped 4.7% before the opening bell. The weakness followed Samsung Electronics’ (KS:005930) preliminary…
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Synopsys to phase out chip manufacturing software as AI design becomes strategic focus (SNPS)
Synopsys shifts resources away from manufacturing software Synopsys (NASDAQ:SNPS) is preparing to discontinue a suite of semiconductor manufacturing process control software as the company redirects investment towards higher-margin artificial intelligence design technologies, according to six sources familiar with the plans. Sources said the US chip design software company informed more than 10 semiconductor manufacturers during…
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Oil prices edge higher as Strait of Hormuz tensions outweigh supply concerns
Oil prices moved modestly higher on Tuesday after renewed security incidents in the Strait of Hormuz revived concerns over potential disruptions to global energy shipments, offsetting expectations of stronger supply from OPEC+ producers. By 04:41 ET (08:41 GMT), Brent crude futures had risen 1.1% to US$72.77 a barrel, while US West Texas Intermediate crude futures…
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Gold prices weaken as investors await Federal Reserve meeting minutes
Gold prices moved lower on Tuesday as traders adopted a cautious stance ahead of the publication of the Federal Reserve’s latest policy meeting minutes, which are expected to provide fresh clues on the outlook for US interest rates. By 05:30 ET (09:30 GMT), spot gold had fallen 1.0% to US$4,124.28 an ounce, while gold futures…
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US futures edge lower as investors assess Samsung results and Fed outlook: Dow Jones, S&P, Nasdaq, Wall Street
US stock index futures traded cautiously on Tuesday after the Dow Jones Industrial Average reached a record high in the previous session, while investors weighed another strong earnings update from Samsung Electronics (USOTC:SSNHZ) alongside fresh comments from Federal Reserve Governor Christopher Waller. Futures pause after Wall Street records By 03:02 ET (07:02 GMT), futures linked…