ADVFN US – Market Content Editor
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Dollar Strengthens as Markets See Hawkish Signals in Fed Decision
The U.S. dollar advanced on Thursday after investors interpreted the Federal Reserve’s latest policy meeting and subsequent commentary as reinforcing the case for higher interest rates, prompting traders to increase expectations for further monetary tightening. The greenback gained ground against major currencies as markets reacted to what many viewed as a more hawkish-than-expected outcome from…
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Is Tech Heading for a Correction? Intel and Marvell Technology Are Expensive – Could Lahontan Gold Be a Rotation Winner?
Intel: Operational Pressure Forces Smart Capital Model As an integrated chip manufacturer, Intel serves the PC and server market with its own processors and also acts as a contract manufacturer for external chip designers. To relieve pressure on the balance sheet amid high operating losses in the foundry business, the group, under the leadership of Lip-Bu…
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Globex Mining has trounced the TSX since 2016: Why to stay bullish
While mining is an essential industry, supplying us with the basic materials that make up the products and services at the heart of our everyday lives, from lithium in electric vehicle batteries, to gold in our jewelry, to copper cables enabling the Internet, to nickel for the steel support structures in our homes, investing in…
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Oral Wegovy Captures One-Third of Prescriptions as Adoption Continues to Accelerate
Novo Nordisk (NYSE:NVO) is seeing strong uptake of its oral Wegovy treatment, with the tablet formulation accounting for roughly one-third of all Wegovy prescriptions by May, according to a Bank of America report published on Thursday. The data highlights the rapid adoption of the oral version since its market debut earlier this year and underscores…
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BHP Takes $2.3 Billion Hit as Jansen Potash Project Costs Climb
BHP Group (NYSE:BHP) plans to record a write-down of approximately $2.3 billion on its Jansen potash development in Canada after revising upward the expected cost of expanding the project. The mining giant disclosed on Thursday that the second phase of the Saskatchewan-based development is now projected to require significantly higher investment than previously anticipated. Expansion…
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Intel Jumps After Trump Says Apple Will Partner on U.S. Chip Production (INTC)
Intel Corporation (NASDAQ:INTC) shares surged in premarket trading on Thursday after U.S. President Donald Trump said Apple Inc (NASDAQ:AAPL) had agreed to work with the chipmaker on designing and manufacturing semiconductors in the United States, a move that could bolster efforts to expand domestic chip production. Intel stock climbed more than 8% before the opening…
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SpaceX Rebounds in Premarket Trading After First Post-IPO Decline (SPCX)
SpaceX (NASDAQ:SPCX) shares edged higher in premarket trading on Thursday after posting their first daily decline since the company’s record-breaking stock market debut, following a remarkable rally that briefly propelled the aerospace group above some of the world’s largest technology companies by market value. SPCX rose 1.2% before the opening bell by 05:08 ET (09:08…
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Maserati Updates Core Models as Stellantis Prepares Luxury Brand Overhaul
Maserati unveiled refreshed versions of its GranTurismo, GranCabrio and Grecale models on Thursday as parent company Stellantis (BIT:STLAM) prepares to outline a new long-term strategy for the luxury marque later this year. The model updates come ahead of a capital markets event scheduled for December, where management is expected to present plans aimed at revitalising…
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Gold Rebounds as U.S.-Iran Agreement Supports Safe-Haven Demand
Gold prices moved higher on Thursday, recovering part of the previous session’s decline as investors balanced optimism over a U.S.-Iran peace agreement against the prospect of tighter monetary policy from the Federal Reserve. Spot gold gained 0.3% to $4,269.42 an ounce by 05:46 ET (09:46 GMT), while gold futures edged 2.1% lower to $4,288.72 an…
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Oil Slides to Multi-Month Low as U.S.-Iran Agreement Improves Supply Outlook
Oil prices extended their decline on Thursday, falling to their lowest levels since the early days of the Iran conflict, after a preliminary agreement between the United States and Iran raised expectations of increased crude supplies and the reopening of a key global shipping route. Brent crude futures dropped $1.59, or 2%, to $77.96 a…