ADVFN US – Market Content Editor
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Logitech shares fall after Bank of America cuts rating and lowers price target (LOGI)
BofA sees weaker demand ahead for consumer peripherals Bank of America has downgraded Logitech (NASDAQ:LOGI) to Underperform from Neutral while reducing its price target by 18% to CHF70/$86 from CHF85/$108, citing expectations that demand for the company’s products will weaken significantly over the next 12 to 18 months as higher hardware prices weigh on consumer…
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Idaho Copper files for NYSE American listing alongside proposed public offering (ECO)
Planned move to a national exchange Idaho Copper Corporation (USOTC:COPR) has submitted an application to list its common stock on the NYSE American exchange under the ticker symbol COPR, marking a planned transition from the OTC Pink Limited Market. The company also announced plans for a firm commitment public offering involving 2,793,300 common shares at…
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Jeep to expand European range to six models by 2030 with China-built SUV (STLAM)
Stellantis (NYSE:STLA) plans to significantly broaden Jeep’s European portfolio by the end of the decade, with the brand targeting a six-model lineup by 2030. The expansion will include a new large SUV developed with Chinese partner Dongfeng, alongside two additional compact SUVs, as the automaker strengthens its electrified offering across Europe. Electrification remains central to…
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Oil prices ease as prospects for U.S.-Iran talks reduce supply fears
Oil prices edged lower on Tuesday as investors assessed the possibility of renewed diplomatic talks between the United States and Iran while continuing to monitor supply risks following the latest military tensions between the two countries. At 04:56 ET (08:56 GMT), Brent crude futures, the international benchmark, fell 0.6% to US$72.69 a barrel, while West…
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Gold set for steepest quarterly decline since 2013 as rate expectations weigh
Gold prices remained under pressure on Tuesday and were heading for their largest quarterly decline in more than a decade, as persistent inflation concerns and expectations of further interest rate increases continued to reduce demand for the precious metal. Spot gold edged up 0.1% to US$4,197.54 an ounce at 05:48 ET (09:48 GMT), while gold…
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Wall Street futures edge higher as investors await U.S.-Iran talks and key economic data: Dow Jones, S&P, Nasdaq
U.S. stock index futures traded modestly higher on Tuesday as investors prepared for the final trading session of both the first half of the year and the second quarter. Market participants are also monitoring reports of possible talks between the United States and Iran in Qatar, while a series of economic indicators and Nike’s quarterly…
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Wall Street Rebounds as Iran Ceasefire Hopes and Tech Rally Lift Stocks to Record Highs
US stocks surged Monday as investors breathed a collective sigh of relief following reports that peace talks between the United States and Iran were gaining traction after a weekend of military strikes. The combination of easing geopolitical tensions, a historic reshuffle of the Dow Jones Industrial Average, and a blockbuster corporate announcement from Comcast sent…
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Evommune Shares Slide After Phase 2b CSU Trial Misses Main Goal (EVMN)
Evommune, Inc. (NYSE:EVMN) shares dropped 17% on Monday after the company announced that its Phase 2b study of EVO756 in chronic spontaneous urticaria (CSU) failed to achieve its primary efficacy endpoint. The randomised, double-blind, placebo-controlled trial enrolled 160 patients with moderate-to-severe antihistamine-refractory CSU across the United States, Europe, Canada and Japan. Participants received one of…
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IREN Shares Gain After Joining the Russell 1000 Index (IREN)
IREN Limited (NASDAQ:IREN) shares rose 3.6% in premarket trading on Monday after the company was added to the Russell 1000 Index as part of FTSE Russell’s annual index reconstitution, which became effective after the market closed on 26 June. The Russell 1000 tracks approximately 1,000 of the largest publicly listed U.S. companies by market capitalisation…
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Bitdeer Shares Advance on Norway AI Data Centre Lease Agreement (BTDR)
Bitdeer Technologies Group (NASDAQ:BTDR) shares gained 5.1% in premarket trading on Monday after the company announced a colocation lease agreement for its artificial intelligence data centre facility in Tydal, Norway. The Bitcoin mining and AI infrastructure specialist said the agreement was signed through its wholly owned subsidiary, Tydal Data Center AS. However, the lease has…