ADVFN US – Market Content Editor
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Oil slips from seven-week high as winter demand concerns weigh
Oil prices eased in Asian trade on Thursday, retreating from the seven-week highs hit in the previous session as investors locked in profits amid expectations of slower demand during the winter and the return of Kurdish crude supplies. Brent futures fell 19 cents, or 0.3%, to $69.12 a barrel by 0637 GMT, while U.S. West…
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Yellow Cake plc Secures $175 Million Through Expanded Share Placement
Yellow Cake plc (USOTC:YLLXF) has successfully completed the placement of 22,983,977 new Ordinary Shares with institutional investors, raising around US$175 million. The capital raise was increased from an initial target of US$125 million, reflecting strong investor demand. The proceeds will enable Yellow Cake to exercise its 2025 uranium purchase option with Kazatomprom and pursue further…
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U.S. Stocks Extend Yesterday’s Pullback As Nvidia, Oracle Slump
After coming under pressure over the course of the previous session, stocks saw further downside during trading on Wednesday. The major averages showed a lack of direction early in the session but slid more firmly into negative territory as the day progressed. The major averages finished the day off their worst levels but still moderately…
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U.S. New Home Sales Jump, Surpassing Forecasts and Previous Month’s Figures
Recent data on U.S. New Home Sales shows a sharp rise in the annualized number of new single-family homes sold last month, reaching 800,000 units. This figure significantly exceeded analysts’ expectations of 650,000, beating forecasts by 150,000 units and highlighting strong demand in the housing market. Compared to the previous month’s 664,000 homes sold, this…
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Oracle Shares Slip on Speculation of $15 Billion Bond Sale
Oracle (NYSE:ORCL) saw its stock drop more than 2% shortly after Wednesday’s market open amid reports that the software company is considering a $15 billion U.S. investment-grade bond offering. Bloomberg News, citing sources familiar with the matter, reported that Oracle may structure the debt sale in up to seven tranches, including a rare 40-year bond.…
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Marvell Shares Climb Following $5 Billion Buyback Announcement
Marvell Technology, Inc. (NASDAQ:MRVL) shares rose 4.2% Wednesday morning after the semiconductor firm unveiled a new $5 billion stock repurchase authorization alongside a $1 billion accelerated share repurchase (ASR) program. The move builds on Marvell’s ongoing efforts to return capital to shareholders. As of August 2, 2025, the company had roughly $2 billion remaining under…
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Alibaba Shares Surge on AI Expansion and Data Center Plans
Alibaba Group (NYSE:BABA) shares jumped Wednesday after the Chinese e-commerce titan unveiled plans to significantly boost spending on artificial intelligence infrastructure and revealed a new collaboration with AI powerhouse Nvidia (NASDAQ:NVDA). As of 8:44 AM ET, Alibaba ADRs traded in the U.S. were up 8.9% at $177.70, while shares listed in Hong Kong climbed 9.2%…
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U.S. Crude Oil Stocks Dip Less Than Expected, Hinting at Slower Demand
U.S. crude oil inventories fell last week, according to the Energy Information Administration (EIA), but the decline was smaller than analysts had forecasted. The EIA reported that commercial crude oil stocks decreased by 607,000 barrels, below the expected drop of 800,000 barrels. Compared to the steep 9.285 million-barrel decline recorded the prior week, this week’s…
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Levi Strauss Shares Reach 52-Week Peak at $23.41
Levi Strauss & Co. (NYSE:LEVI) Class A shares climbed to a 52-week high of $23.41, highlighting a strong upward trend over the past year. Over the last 12 months, the stock has gained 11.35%, signaling steady growth and growing investor confidence. The company’s market strength and strategic initiatives have contributed to this positive momentum, underscoring…
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Copper Prices Jump as Freeport Details Production Hit from Grasberg Mine Suspension
Copper prices surged roughly 2% in intraday trading Wednesday after Freeport-McMoRan (NYSE:FCX) outlined the significant production shortfall caused by the suspension of its Grasberg Block Cave mine in Indonesia following a fatal mud rush. The mining giant confirmed that operations remain halted after two workers were killed, while search efforts continue for five missing employees.…