ADVFN US – Market Content Editor
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Dollar steadies as investors eye Fed; sterling lifted by UK GDP
The U.S. dollar held near multi-week lows on Thursday as market participants awaited economic data expected to support a Federal Reserve rate cut next month. At 04:05 ET (08:05 GMT), the Dollar Index, which tracks the greenback against six major currencies, rose 0.1% to 97.709, slightly above the two-week low seen in the previous session.…
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Gold inches up as Fed cut expectations rise, Trump-Putin summit in focus
Gold prices rose slightly in Thursday’s Asian trading session, as hopes for a potential Federal Reserve interest rate cut next month buoyed the market. Investors also turned their attention to the upcoming U.S.-Russia talks. Spot gold climbed 0.2% to $3,361.87 per ounce, while December gold futures remained relatively stable at $3,409.65/oz by 01:19 ET (05:19…
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Oil Climbs Slightly as Markets Eye Trump-Putin Talks
Oil prices edged up in Thursday’s Asian trading session as investors focused on the potential effects of a high-stakes meeting between U.S. President Donald Trump and Russian President Vladimir Putin on global supply. Crude has been struggling for the past two weeks amid persistent concerns over declining demand, and prices fell sharply on Wednesday after…
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Musk: Google leads AI race… for now
Elon Musk stated on Wednesday that Google (NASDAQ:GOOG) currently has the highest likelihood of leading the artificial intelligence sector, thanks to its extensive computing power. He also commented that major AI companies, including his own xAI, will “continue to prosper” in the foreseeable future. “Outside of real-world AI, Google has the biggest compute (and data)…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, Markets Steady, Cisco Beats Forecasts, Bitcoin Climbs to Record
U.S. stock futures showed little movement on Thursday after global equity markets reached fresh record highs for a second straight day. Investors remain focused on the possibility of Federal Reserve rate cuts. Meanwhile, Cisco Systems delivered stronger-than-expected guidance for the current quarter, driven by growing corporate investment in artificial intelligence. Key economic data releases in…
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U.S. Stocks Pull Back Off Early Highs But Still Close Mostly Positive
After initially extending the rally seen during Tuesday’s session, stocks gave back ground over the course of the trading day on Wednesday but managed to close mostly higher. Despite pulling back well off their highs of the session, the Nasdaq and the S&P 500 still reached new record closing highs. The Nasdaq inched up 31.24…
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Kroger shares dip as Amazon pushes deeper into grocery delivery
Kroger Co. (NYSE:KR) stock slid 3% on Wednesday morning following news that Amazon.com Inc. (NASDAQ:AMZN) is making a major push into the grocery sector, a move that could ramp up pressure on established supermarket operators. Amazon announced it has rolled out fresh grocery delivery to over 1,000 cities and towns across the U.S., with a…
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Amazon broadens same-day grocery delivery to more than 1,000 cities
Amazon.com Inc. (NASDAQ:AMZN) is extending its Same-Day Delivery service for fresh groceries to over 1,000 cities and towns, with ambitions to cover more than 2,300 locations by the close of 2025. Customers can now order perishable items—including fresh produce, meat, seafood, dairy, baked goods, and frozen products—alongside millions of other same-day delivery items. Prime members…
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Oil Prices Flat as Traders Await Trump-Putin Meeting
Oil markets were largely unchanged Wednesday as investors weighed the latest U.S. inventory data ahead of a high-stakes meeting between U.S. President Donald Trump and Russian President Vladimir Putin. Brent crude for October ticked up 0.1% to $66.15 per barrel, while West Texas Intermediate (WTI) crude edged down 0.1% to $63.14 per barrel. Both benchmarks…
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Oklo Shares Climb After Securing Three DOE Reactor Pilot Projects
Oklo Inc. (NYSE:OKLO) rose 3.7% following news that the company, along with its subsidiary Atomic Alchemy Inc., has been selected for three U.S. Department of Energy reactor pilot projects. Under the newly launched Reactor Pilot Program, Oklo secured two projects while Atomic Alchemy received one. The initiative aims to achieve criticality in at least three…