ADVFN US – Market Content Editor
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Weibo shares advance after Q3 profit meets forecasts despite softer revenue
Weibo Corporation (NASDAQ:WB) rose 2.5% on Tuesday after the Chinese social media platform posted third-quarter earnings that aligned with analyst expectations, even though revenue came in slightly below forecasts and declined from a year earlier. The company delivered adjusted earnings of $0.42 per share, in line with consensus estimates. Quarterly revenue totaled $442.3 million, just…
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Elbit Systems surges as booming defense demand pushes backlog to a record $25.2 billion
Elbit Systems Ltd. (NASDAQ:ESLT) climbed 5.1% on Tuesday after the Israeli defense technology group delivered third-quarter results that far outpaced Wall Street forecasts, fueled by escalating global defense spending and heightened tensions in the Middle East. The company reported adjusted earnings of $3.35 per share, easily surpassing the $2.48 analyst estimate. Quarterly revenue came in…
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Bitcoin falls back under $90,000 as fading Fed-cut hopes fuel a broader risk-off shift
Bitcoin (COIN:BTCUSD) slid below the $90,000 mark on Tuesday for the first time in almost seven months, as doubts over the Federal Reserve’s next policy steps and continued delays in key U.S. economic data sapped demand for speculative assets. As of 00:22 ET (05:22 GMT), the world’s largest cryptocurrency was down 5.4% at $90,091.5. Over…
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Oil Pulls Back as Russian Exports Restart; Market Evaluates Sanctions Fallout
Oil prices slipped on Tuesday, easing nearly 1% after supply fears diminished when loadings resumed at a key Russian export hub that had been briefly disrupted by a Ukrainian drone and missile strike. Traders also continued to weigh how Western sanctions could reshape Russian crude flows in the months ahead. By 07:20 GMT, Brent crude…
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Gold Declines as Rate-Cut Expectations Fade; Traders Look to September Jobs Report
Gold prices retreated in Asian trading on Tuesday, adding to recent weakness as traders grew increasingly doubtful that the Federal Reserve will move ahead with a December rate cut. The shift in expectations strengthened the U.S. dollar, reducing appetite for non-yielding assets such as gold. Uncertainty ahead of this week’s long-delayed September nonfarm payrolls report…
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Dollar Moves Lower After Dovish Fed Comments; Investors Await Key U.S. Data Releases
The U.S. dollar softened on Tuesday, pressured by dovish commentary from a Federal Reserve official as traders looked ahead to a series of economic releases that could shape expectations for the Fed’s final policy decision of the year. At 04:15 ET (09:15 GMT), the Dollar Index — which measures the greenback against six major peers…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Extend Slide as Market Turbulence Continues; Home Depot Earnings and Microsoft’s AI Showcase Ahead
U.S. equity futures drifted lower early Tuesday, signaling another rough session after a global wave of risk-off sentiment hit stocks, commodities, and cryptocurrencies. The pullback comes as investors rethink whether the massive surge in enthusiasm for artificial intelligence can continue, with major U.S. benchmarks breaking below a widely watched technical threshold on Monday. Attention now…
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U.S. Stocks Slump To Lowest Closing Levels In A Month
After showing a lack of direction early in the session, stocks moved sharply lower over the course of the trading day on Monday. The major averages all showed notable moves to the downside, falling to their lowest closing levels in a month. The major averages climbed off their lows going into the end of the…
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Dell broadens AI infrastructure lineup through deeper NVIDIA collaboration
Dell Technologies (NYSE:DELL) has unveiled a new round of upgrades to its Dell AI Factory with NVIDIA platform, rolling out enhanced storage integrations, refreshed server options, and expanded automation tools aimed at large-scale enterprise AI deployments. The company said its ObjectScale and PowerScale storage solutions now work with NVIDIA’s NIXL library, part of NVIDIA Dynamo,…
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GoodRx stock ticks up after launching weight-loss subscription service
GoodRx Holdings Inc. (NASDAQ:GDRX) saw its shares inch 1.7% higher in Monday’s premarket session after unveiling a pair of new initiatives designed to make GLP-1 weight-loss drugs more attainable for U.S. consumers. The prescription-savings platform introduced GoodRx for Weight Loss, a subscription-based telehealth program that links users with licensed clinicians for obesity-care evaluations, prescriptions, and…