ADVFN US – Market Content Editor
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Brookfield in Talks to Acquire PGP Glass From Blackstone for Up to $1.5 Billion, ET Reports
Brookfield (NYSE:BAM) is in advanced negotiations to acquire Indian glass-packaging company PGP Glass from Blackstone (NYSE:BX) for between $1.3 billion and $1.5 billion, The Economic Times reported on Monday, citing multiple people familiar with the matter. The potential transaction would provide Blackstone with an exit from an investment it has held since 2020, according to…
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Chevron Considers Argentina and Mediterranean Expansion as LNG Portfolio Grows
Chevron (NYSE:CVX) is assessing opportunities to expand its global natural gas portfolio in regions including Argentina and the eastern Mediterranean as buyers place greater emphasis on energy supply diversification, according to President of Global Gas Freeman Shaheen. Global gas markets have faced supply disruptions following the start of the Ukraine war in 2022 and the…
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Rum Group Shares Rise 28% After Report Links Anthropic to $13.7 Billion Contract
Rum Group (NASDAQ:RUM) shares rose as much as 28% in premarket trading on Monday following a report that artificial intelligence company Anthropic had entered into a $13.7 billion agreement with the company for computing services. The Information reported that Anthropic was the customer behind the contract, which Rum Group had previously disclosed without identifying the…
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Dell Shares Reach Record High After RBC Starts Coverage With Outperform Rating
Dell Technologies (NYSE:DELL) shares rose 11.98% on Friday to close at a record $567.29 after RBC Capital Markets initiated coverage of the company with an outperform rating. RBC set a price target of $640 for Dell, citing the company’s server order backlog and demand for infrastructure designed for artificial intelligence workloads. The stock’s Friday advance…
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Five Things to Watch in Markets This Week: AI, Fed, BOJ, BOE and Hormuz
Artificial intelligence policy, three major central bank decisions and developments surrounding the Strait of Hormuz are among the main issues for markets this week. Comments from Anthropic CEO Dario Amodei about slowing the development of advanced AI models have drawn attention to the potential implications for technology investment. Meanwhile, the Federal Reserve and Bank of…
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Oil Prices Rise More Than 3% After Houthi Attacks and Hormuz Talks Delay
Oil prices rose more than 3% early on Monday as further Houthi attacks on Saudi Arabia, strikes affecting shipping around the Strait of Hormuz and the postponement of planned regional talks increased concerns about Middle East supply disruptions. Brent crude futures gained as much as 3.5% to $108.41 a barrel before easing to $107.37 by…
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Gold Falls Toward $4,300 as US Inflation Raises Fed Rate Hike Expectations
Gold prices declined on Monday as higher-than-expected US inflation data increased market expectations for a Federal Reserve interest rate increase this week, while the dollar strengthened and oil prices moved higher. At 02:28 ET (06:28 GMT), XAU/USD was down 0.4% at $4,331.84 an ounce, while gold futures declined 0.8% to $4,371.65. Silver fell 1.0% to…
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US Stock Futures Fall as AI Safety Concerns and Middle East Developments Weigh on Markets: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved lower on Monday as investors assessed calls for a slowdown in advanced artificial intelligence development, upcoming Federal Reserve policy decisions and renewed uncertainty surrounding oil supplies from the Middle East. At 03:04 ET (07:04 GMT), Dow futures were down 63 points, or 0.1%, while S&P 500 futures declined 46 points, or…
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Saudi Pipeline Shutdown Puts Up to 4% of Global Oil Supply at Risk
Saudi Arabia could face further reductions in oil exports if its East-West pipeline to the Red Sea does not resume operations within days, according to oil buyers and traders cited by Reuters. The pipeline has been used to transport around 4 million barrels per day to the Red Sea port of Yanbu, equivalent to approximately…
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HSBC Raises 2026 S&P 500 Target to 8,100 on Earnings Outlook
HSBC raised its year-end 2026 target for the S&P 500 to 8,100 from 7,650, citing corporate earnings that have exceeded its previous expectations. Strategist Nicole Inui said the revision was driven mainly by earnings. First-half 2026 earnings-per-share growth was close to 40%, while HSBC expects growth of more than 25% during the second half. The…