ADVFN US – Market Content Editor
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Vnet Group revenue matches forecasts as quarterly EBITDA beats expectations (VNET)
Vnet Group (NASDAQ:VNET) reported first-quarter net revenue of 2.69 billion yuan on Tuesday, representing a 20% increase from a year earlier and broadly matching analyst expectations of 2.66 billion yuan. EBITDA and gross profit post strong annual growth Adjusted EBITDA for the quarter rose 31% year-over-year to 891.5 million yuan, surpassing the analyst consensus estimate…
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Elbit Systems rallies after securing $1.4 billion European defence contract (ESLT)
Shares of Elbit Systems (NASDAQ:ESLT) climbed 8% on Tuesday after the company announced a $1.4 billion military modernization agreement in Europe alongside stronger first-quarter financial results. Revenue and profitability post strong quarterly growth Elbit Systems reported first-quarter 2026 revenue of $2.19 billion, up from $1.90 billion in the corresponding period last year. Gross profit increased…
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Rocket and satellite shares rally in premarket trade after SpaceX IPO filing
Shares of space and satellite companies surged in premarket trading on Tuesday, extending the sector’s recent rally following SpaceX’s public filing for what is expected to become the largest initial public offering ever launched. Redwire (NYSE:RDW) climbed 15% ahead of the opening bell, while MDA Space (NYSE:MDA) advanced 13%. Aerospace and satellite firms extend sector…
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Oil climbs 3% after fresh U.S. strikes on Iran cloud prospects for peace agreement
Global oil prices moved sharply higher on Tuesday after new U.S. military strikes in Iran increased uncertainty over whether a near-term agreement can be reached to end the conflict and restore shipping activity through the Strait of Hormuz. U.S. Secretary of State Marco Rubio said on Tuesday that securing a deal with Iran could “take…
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Gold retreats as renewed U.S. attacks on Iran revive inflation concerns
Gold prices moved lower on Tuesday after fresh military action by the United States against Iran reduced optimism surrounding a potential agreement that could reopen the Strait of Hormuz and ease fears of rising energy-driven inflation. Spot gold declined 0.9% to $4,529.38 an ounce by 06:13 ET (10:13 GMT), while gold futures edged slightly higher…
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Fresh U.S. strikes on Iran push oil prices higher as markets weigh geopolitical risks: Dow Jones, S&P, Nasdaq, Wall Street Futures
Wall Street futures traded modestly higher on Tuesday as investors returned from the Memorial Day holiday to assess renewed military tensions between the United States and Iran. Despite the latest escalation, markets remained relatively resilient, although optimism surrounding a near-term peace agreement between Washington and Tehran weakened. U.S. futures rise despite renewed conflict By 03:42…
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Goldman maintains bullish gold outlook as central bank buying forecasts rise
Goldman Sachs has reaffirmed its positive stance on gold, keeping its year-end forecast of $5,400 per troy ounce after increasing its estimates for central bank demand and predicting that official-sector purchases will continue accelerating throughout the remainder of 2026. The investment bank revised its internal tracking model for central bank gold demand after concluding that…
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Evercore’s Emanuel sees path for S&P 500 to reach 9,000 in bullish AI-driven scenario
Evercore ISI strategist Julian Emanuel has established a year-end 2026 base-case target of 7,750 for the S&P 500, while also assigning a 30% probability to a bullish scenario in which the index climbs to 9,000, fueled by artificial intelligence-driven strength in technology, communication services and consumer discretionary sectors. In a client note released Monday, Emanuel…
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Mobix Labs to Acquire U.S. Rare Earth and Critical Minerals Company
What happens when a defense aerospace technology company moves directly into the rare earths and critical mineral supply chain? Today we’re looking at Mobix Labs, a NASDAQ (MOBX) listed company built around advanced connectivity, aerospace and defense technologies, and its planned acquisition of Special Project Delivery. I’m Ricki Lee and joining me on this episode…
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Capital Formation, Commodity Cycles & AI Market Growth
In this May 2026 edition of Market This Month, Anna Serin and Bruce Campbell discuss the sharp rebound in global markets following March volatility and examine the sectors currently driving investor momentum. The conversation covers the continued strength of the technology sector, renewed interest in commodities including gold, silver, lithium, rare earths, and energy, and…