ADVFN US – Market Content Editor
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Amazon’s AWS Surge Powers Nasdaq to 1% Gain as Wall Street Caps a Volatile July
Stocks closed broadly higher on Friday, ending a turbulent month on a strong note as a blowout earnings report from Amazon reignited enthusiasm for the artificial intelligence trade. Investors looked past a fresh climb in Treasury yields and a steep drop in Apple shares, focusing instead on signs that spending on AI infrastructure continues to…
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Alibaba shares rise on Moonshot’s 20,000-chip AI deal
Alibaba shares rose after reports that Moonshot AI uses about 20,000 Nvidia chips through a cloud-computing agreement supporting its Kimi models.
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Ambarella stock surges on reported NXP takeover talks
Ambarella shares jumped nearly 20 per cent after reports that NXP Semiconductors is considering a US$3 billion-plus acquisition.
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European gas jumps 30% as Iran war strains winter supply
European gas prices surged more than 30% in July as the Iran conflict threatened LNG shipments and EU winter reserves lagged.
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Ukraine hits Lukoil refinery as Russian fuel risks return
Ukraine struck Lukoil’s 300,000-barrel-per-day Volgograd refinery, renewing concerns about Russian fuel supplies and refinery output.
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ADNOC shifts crude pricing to Dubai benchmark as trade rises
ADNOC will price Murban and three other Abu Dhabi crude grades against Platts Dubai from November as regional oil trading picks up.
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Oil rises as Iran says ships stopped in Strait of Hormuz
Oil prices rose after Iran said it stopped vessels in the Strait of Hormuz, renewing concerns about global energy supplies and shipping risks.
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Top nuclear power firm files for US IPO
Nuclear power pioneer Westinghouse Electric Company has taken the initial step toward going public by submitting a confidential Form S-1 draft registration statement to the U.S. Securities and Exchange Commission. The company was previously purchased in 2023 by Cameco (TSX:CCO; NYSE:CCJ) and Brookfield Renewable Partners (NYSE:BEP) in a US$7.9 billion transaction in 2023. Tracing its…
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Amazon Earnings and Rising Crude Oil Prices Drive Market Momentum: Dow Jones, S&P and Nasdaq Futures
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a higher open on Friday, with stocks likely to see further upside after ending the previous session sharply higher. Technology stocks appear poised to extend yesterday’s rally amid a sharp increase by shares of online retail giant Amazon (NASDAQ:AMZN). Shares of Amazon are soaring…
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July Chicago PMI & Michigan Consumer Sentiment: What to Expect Today
MNI Indicators is scheduled to release its report on Chicago-area business activity in the month of July at 9:45 am ET. The Chicago business barometer is expected to dip to 55.0 in July from 56.7 in June, although a reading above 50 would still indicate growth. At 10 am ET, the University of Michigan is…