ADVFN US – Market Content Editor
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China Halts Meta’s $2 Billion Deal for Manus
Chinese authorities have stepped in to stop Meta Platforms Inc. (NASDAQ:META) from proceeding with its proposed $2 billion acquisition of Manus, according to a statement released Monday by the National Development and Reform Commission. The regulator formally blocked the cross-border transaction, bringing an end to the planned takeover between the social media group and Manus.…
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Oil Advances as U.S.-Iran Negotiations Falter
Oil prices climbed more than 1% on Monday as stalled peace efforts between the United States and Iran, along with restricted flows through the Strait of Hormuz, continued to tighten global supply conditions. Brent crude futures rose $1.35, or 1.3%, to $106.68 per barrel by 04:53 GMT, after earlier gains of more than $2 per…
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Gold Holds Steady as Dollar Wavers on Iran Uncertainty and Fed Focus
Gold held relatively stable on Monday, trading within a narrow band as the U.S. dollar lacked clear direction. Investors weighed tentative signs of easing tensions between the United States and Iran while looking ahead to a key Federal Reserve policy meeting later in the week. The precious metal found some support after last week’s sharp…
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Bitcoin Pulls Back After Failing to Hold Above $79K; Vegas Summit in Spotlight
Bitcoin retreated toward the $77,000 level on Monday after an early advance lost momentum, with higher oil prices and ongoing geopolitical uncertainty dampening broader risk sentiment. The leading cryptocurrency was last down 0.7% at $77,581.7 by 03:04 ET (07:04 GMT), having earlier reached an intraday peak of $79,461.7. The asset continues to encounter firm resistance…
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U.S.-Iran Deadlock Weighs on Futures as Earnings Season Kicks Off: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures traded lower early Monday after Donald Trump halted plans to send negotiators for renewed talks with Iran, prolonging tensions between Washington and Tehran. The continued closure of the Strait of Hormuz is keeping pressure on global oil prices. At the same time, Verizon Communications Inc. (NYSE:VZ) is set to begin a packed…
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AI funding pressures ease as cash flow growth outpaces spending: JPMorgan
The financial strain tied to the tech sector’s heavy investment in artificial intelligence appears less severe than previously expected, as rising cash flows continue to outstrip capital expenditure growth, according to strategists at JPMorgan. A team led by Nikolaos Panigirtzoglou estimates that the sector is on track to deliver cash flow growth of about 25%…
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Gulf Oil Output Slumps 57% From Pre-War Levels, Goldman Says
Crude production in the Gulf has dropped by an estimated 14.5 million barrels per day—around 57% below pre-conflict levels—according to Goldman Sachs, which cautions that a full recovery may take longer than markets anticipate even after the Strait of Hormuz reopens. In a note to clients, analyst Daan Struyven said output could largely rebound within…
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AI adoption expands but remains concentrated in select sectors, says Wolfe Research
The use of artificial intelligence is growing across the U.S. economy, but it continues to be largely concentrated in a limited number of industries, according to new findings from Wolfe Research. Data from the U.S. Census Bureau’s Business Trends and Outlook Survey shows that just 19% of companies currently use AI in the production of…
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Semiconductor Surge Lifts S&P 500 and Nasdaq to Fresh Records
U.S. stocks finished the week on a split note Friday as a powerful rally in semiconductor shares propelled the S&P 500 and the Nasdaq Composite to new all-time highs, while the Dow slipped modestly. Intel’s blowout first-quarter earnings report was the catalyst, triggering a broad-based buying spree across the chip sector that extended the Philadelphia…
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Citius Pharmaceuticals Secures $5M Through Equity Offering
Citius Pharmaceuticals Inc. (NASDAQ:CTXR) announced it has entered into a definitive agreement to raise approximately $5 million via a registered direct offering alongside a concurrent private placement. Offering Structure The company will issue 5,076,143 shares of common stock at $0.985 per share in an at-the-market priced transaction under Nasdaq rules. In parallel, Citius will grant…