ADVFN US – Market Content Editor
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UBS Upgrades Base Metals Outlook on Macro Strength and Tight Markets
UBS has raised its projections for base metals, pointing to a stronger macro environment, tighter supply dynamics, and steady demand across key commodities. In its latest outlook, the bank confirmed it has made “positive revisions to base metals forecasts, with a preference for copper & aluminium,” while cutting estimates for nickel and keeping a cautious…
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Barclays: AI craze a “major driver” of single-stock swings
Volatility in U.S. stocks—or the surprising lack of it—has left investors scratching their heads in recent months, according to Barclays analysts. After market turbulence triggered by President Donald Trump’s announcement of sweeping “reciprocal” tariffs in early April, volatility in the S&P 500 has sharply declined, even as the benchmark index reached new highs. This drop…
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Piper Sandler: S&P 500 at 6,600 Could Be a Pause, Not a Peak
The S&P 500 has already broken through Piper Sandler’s year-end forecast of 6,600, notching an all-time high of 6,619. But according to the firm’s strategists, the rally is likely not over yet. “Given the strong underlying trends and broadening breadth in this bull market, we suspect the 6,600 level may just be a ‘pit-stop’ before…
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Trump Faces Growing Inflation Pressure; Utilities Could Be Next Target – BofA’s Hartnett
Global and U.S. equity funds experienced their largest weekly inflows since December, according to Bank of America data. Investors added $68.4 billion to global stock funds in the week ending September 17, with $57.7 billion directed into U.S. equities. Emerging markets attracted $7.6 billion, marking a five-month high, led by $5.4 billion into China. Cash…
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Chinese Consumers Report Scratches on Apple’s New iPhone 17 Models
Apple’s (NASDAQ:AAPL) latest iPhone 17 series is facing early criticism in China, where buyers have taken to social media to complain that the devices are easily scratched. On Friday, numerous shoppers posted images online showing visible marks on the back of their new iPhones, in some cases just hours after purchase. Reports from Apple stores…
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U.S. Stocks See Further Upside, Reach New Record Highs
Stocks moved mostly higher during trading on Friday, adding to the gains posted during Thursday’s session. With the continued upward move, the major averages all reached new record closing highs. The major averages reached new highs late in the session before giving back some ground going into the close. The Nasdaq advanced 160.75 points or…
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Cruise line shares slide amid rising concerns over promotional activity
Shares of major cruise operators dropped on Friday as investors reacted to growing signs of increased promotional efforts across the sector. Carnival Corporation (NYSE:CCL) led the decline with a 3.2% fall, while Royal Caribbean Cruises (NYSE:RCL) lost 2.7%, Norwegian Cruise Line Holdings (NYSE:NCLH) fell 1.7%, and Viking Holdings (NYSE:VIK) slid 2.5%. The selloff comes after…
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WeRide shares climb after obtaining Belgium’s first Level 4 autonomous shuttle permit
WeRide Corp ADR (NASDAQ:WRD) saw its stock rise 3.7% in premarket trading Friday after the autonomous vehicle company revealed that its Robobus has received Belgium’s first federal test permit for a Level 4 autonomous shuttle. The permit authorizes the Robobus to conduct tests on public roads along an 8-kilometer loop in Leuven-Heverlee, featuring nine stops.…
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22nd Century Group shares surge after clearing remaining debt
22nd Century Group Inc (NASDAQ:XXII) saw its stock jump 14.8% in premarket trading Friday after the company confirmed it has fully repaid the remaining $3.9 million of senior secured debt. The repayment follows the completion of the company’s Series A convertible preferred stock offering, which helped eliminate one of the final legacy obligations from its…
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Chijet Motor shares surge after naming COO to head crypto initiative
Chijet Motor Company, Inc. (NASDAQ:CJET) saw its stock jump 80% in premarket trading Friday after announcing the appointment of Jason Miller as Chief Operating Officer, tasked with leading the company’s expansion into digital currencies. Miller will oversee Chijet’s strategy to integrate leading cryptocurrencies, including Bitcoin, Ethereum, and Solana, into the company’s treasury. With more than…