ADVFN US – Market Content Editor
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CoreWeave Shares Dip Premarket as Revenue Forecast Cut Overshadows Solid Q3 Performance
CoreWeave (NASDAQ:CRWV) shares fell in premarket trading on Tuesday after the Nvidia-backed (NASDAQ:NVDA) artificial intelligence cloud infrastructure company warned of a delay at a third-party data center partner, prompting it to trim its full-year revenue forecast. The company now expects 2025 fiscal revenue to range between $5.05 billion and $5.15 billion, down from its previous…
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Oil Dips as Oversupply Concerns Eclipse Sanctions and U.S. Policy Developments
Oil prices slipped in Asian trading on Tuesday, weighed down by persistent fears of an oversupplied market that eclipsed both optimism over a potential resolution to the U.S. government shutdown and uncertainty surrounding new U.S. sanctions targeting Russia’s Rosneft and Lukoil. By 07:17 GMT, Brent crude futures declined 27 cents, or 0.4%, to $63.79 a…
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Gold Rises to Near Three-Week Peak as U.S. Shutdown Resolution Nears and Trade Worries Linger
Gold prices strengthened in Asian trading on Tuesday, approaching a three-week high as investors continued to seek refuge in the precious metal despite a firmer U.S. dollar and improving risk appetite. Progress in resolving the U.S. government shutdown failed to dampen demand for gold, as lingering uncertainty around U.S. trade policy and interest rates kept…
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Dow Jones, S&P, Nasdaq, Wall Street, Futures, Senate Passes Bill to End U.S. Shutdown; CoreWeave Guidance Cut and SoftBank Earnings Beat: Market Movers
U.S. stock futures traded lower on Tuesday as investors digested developments in Washington, where the Senate approved a bill to reopen the federal government, potentially ending the longest shutdown in U.S. history. Meanwhile, AI cloud company CoreWeave (NASDAQ:CRWV) trimmed its full-year revenue outlook, and SoftBank Group (USOTC:SFTBY) delivered a major profit beat, supported by strong…
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Dollar Edges Up as U.S. Shutdown Nears Resolution; Pound Slips on Softer U.K. Wage Growth
The U.S. dollar moved slightly higher on Tuesday as optimism grew that the record-long U.S. government shutdown could soon come to an end, while the British pound weakened after a slowdown in wage growth increased expectations for a Bank of England rate cut in December. At 04:10 ET (09:10 GMT), the Dollar Index, which measures…
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Optimism About End Of Government Shutdown Sparks Rally On Wall Street
Stocks moved sharply higher during trading on Monday, regaining ground following the considerable weakness seen in the previous week. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the charge. The major averages ended the day just off their highs of the session. The Nasdaq surged 522.64 points…
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SPAC News From The Last Seven Days
The Last Week’s Deals Crane Harbor Acquisition Corp. (NASDAQ:CHAC) announced a deal to acquire Xanadu, a photonic quantum computing company. The deal reflects an enterprise value of $3.1bn and includes a $275mm PIPE anchored by AMD, BMO Global Asset Management, and CIBC Asset Management Inc. No closing timeline given. Cantor Equity Partners III, Inc. (NASDAQ:CAEP) announced a deal…
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TreeHouse Foods Shares Surge 18% After $2.9 Billion Buyout Deal with Investindustrial
TreeHouse Foods, Inc. (NYSE:THS) shares skyrocketed 18.3% in premarket trading Monday after the company announced it had entered into a definitive agreement to be acquired by Investindustrial in a deal valued at $2.9 billion, even as its latest quarterly results came in mixed. For the third quarter, the private-label food manufacturer reported adjusted earnings of…
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Nektar Therapeutics Shares Rise After Positive Asthma Data in Atopic Dermatitis Patients
Nektar Therapeutics (NASDAQ:NKTR) shares climbed 3.6% on Monday after the biotech firm unveiled encouraging new data showing that its experimental therapy rezpegaldesleukin improved asthma symptoms in patients with atopic dermatitis. The findings, presented at the American College of Allergy, Asthma & Immunology Annual Scientific Meeting, revealed statistically significant improvements in asthma control questionnaire (ACQ) scores…
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Celsius Shares Surge After Announcing $300 Million Stock Buyback Program
Celsius Holdings Inc. (NASDAQ:CELH) shares jumped 6% in premarket trading Monday after the energy and wellness beverage maker announced a new $300 million share repurchase program, signaling confidence in its financial strength and long-term growth prospects. The Board of Directors approved the buyback authorization, which has no expiration date and gives Celsius flexibility to repurchase…