ADVFN US – Market Content Editor

Shares of Elbit Systems (NASDAQ:ESLT) jumped about 6% in premarket trading Wednesday after the defense technology firm reported higher revenue and profit for the second quarter and announced a significant new contract. The company revealed it had secured a $1.635 billion deal to provide a range of defense solutions to a European country, with deliveries…

Gold prices remained largely steady in Asian trading on Wednesday, supported by moderate U.S. inflation data that reinforced bets on a potential Federal Reserve rate cut. Investors are also keeping an eye on the upcoming U.S.-Russia summit later this week. Spot gold was virtually unchanged at $3,348.87 per ounce, while December gold futures held at…

Oil hovered near two-month lows in Asian trading on Wednesday as investors braced for a high-stakes meeting between U.S. President Donald Trump and Russian President Vladimir Putin scheduled for later this week. Markets also focused on U.S. crude stockpiles after industry data revealed a surprising rise in inventories in the world’s largest oil consumer. Crude…

The U.S. dollar retreated on Wednesday, continuing its downward trend after modest inflation data fueled speculation that the Federal Reserve may lower interest rates next month. By 04:25 ET (08:25 GMT), the Dollar Index, which measures the currency against six major peers, fell 0.4% to 97.540, following a 0.5% drop in the previous session. September…

Shares of CoreWeave (NASDAQ:CRWV) dropped over 10% in premarket U.S. trading on Wednesday after the cloud computing company reported second-quarter results showing revenue above expectations due to strong AI-driven demand, but losses significantly exceeded forecasts as expenses surged. For the quarter ending June 30, CoreWeave posted a loss of $0.60 per share on $1.21 billion…

AI startup Perplexity AI has put forward an unsolicited $34.5 billion offer to acquire Google’s Chrome browser, anticipating potential regulatory requirements arising from the search giant’s ongoing antitrust case in the U.S. The bid, submitted Tuesday morning (12), comes at a moment of uncertainty for Google, following a court ruling that identified the company’s monopoly…

Cava (NYSE:CAVA) saw its shares drop 22% in premarket trading in the U.S. following a reduction in its annual restaurant sales forecast. The Mediterranean-focused chain reported quarterly earnings of $0.16 per share for the period ending in June, above analysts’ consensus of $0.13 per share. Revenue climbed 20% year-over-year to $280.6 million, slightly below expectations…

The ongoing public feud between tech CEOs Elon Musk and Sam Altman flared up once more Tuesday, as both exchanged sharp accusations over alleged algorithmic manipulation on their platforms. The conflict reignited Monday when Musk accused Apple (NASDAQ:AAPL) of favoring OpenAI’s ChatGPT over his own AI chatbot Grok on the App Store, branding it an…