ADVFN US – Market Content Editor
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Gold Dips on Dollar Rally; Copper Climbs to Record Highs Amid Tariff Threats
Gold prices fell modestly in Asian markets on Wednesday as investors showed little appetite for the metal as a safe haven. Instead, uncertainty around U.S. trade tariffs and Federal Reserve interest rate policy boosted demand for the U.S. dollar, pressuring gold and other metals. In contrast, U.S. copper prices surged to unprecedented levels after President…
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Oil Prices Slip After Large U.S. Inventory Build and New Tariff Worries
Oil prices eased from a two-week high during Wednesday’s Asian trading session following data showing a significant rise in U.S. crude oil inventories. Meanwhile, investors remained on edge ahead of further tariff announcements expected from President Donald Trump. At 21:44 ET (01:44 GMT), September Brent crude futures dipped 0.3% to $69.91 per barrel, while West…
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Markets Today: S&P 500 Slips as Tariff Concerns Weigh on Sentiment
U.S. stocks closed mostly lower Tuesday as investors digested the economic implications of President Donald Trump’s latest round of tariff threats. The S&P 500 dipped 0.1%, while the Dow Jones Industrial Average fell 165 points, or 0.4%. The Nasdaq eked out a modest gain of 0.03%. Tariff Tensions Escalate President Trump reaffirmed his administration’s commitment…
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Amazon Stock Declines After Early Prime Day Spending Drops 14%
Amazon.com Inc. (NASDAQ:AMZN) shares fell as much as 2% on Tuesday following reports that Prime Day sales in the first four hours declined nearly 14% compared to last year’s event. According to Bloomberg, citing data from Momentum Commerce — which manages 50 brands on Amazon including Crocs (NASDAQ: CROX), Beats, and Therabody — early consumer…
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Sealsq Stock Rises as Company Deploys Quantum-Secure eUICC Technology
Sealsq Corp (NASDAQ: LAES) stock climbed 3.5% following the announcement that it has started deploying its GSMA-accredited embedded Universal Integrated Circuit Card (eUICC) technology with telecom operators globally. This advanced technology incorporates post-quantum cryptographic features designed to safeguard against emerging quantum computing threats. The Geneva-based semiconductor firm targets mobile phones, IoT devices, and connected infrastructure,…
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Rich Sparkle Shares Start Trading Below IPO Price on Nasdaq
Rich Sparkle Holdings Limited (NASDAQ:ANPA) began trading at $3.60 per share on Tuesday, dipping below its initial public offering (IPO) price of $4.00. The Hong Kong-based financial printing and corporate services provider priced its IPO at $4.00 per share, offering 1.25 million ordinary shares and aiming to raise approximately $5 million in gross proceeds, before…
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GlobalFoundries Stock Rises 5.9% Following MIPS Acquisition Announcement
GlobalFoundries (NASDAQ: GFS) stock jumped 5.9% Tuesday after the semiconductor manufacturer announced a definitive agreement to acquire MIPS, a leading supplier of AI and processor intellectual property (IP). The acquisition will expand GlobalFoundries’ customizable IP portfolio and bolster its process technologies with enhanced IP and software capabilities. The deal includes MIPS’ RISC-V processor IP and…
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U.S. Markets Mixed Following Tariff Moves; Amazon Launches Extended Prime Day
U.S. stocks traded mixed on Tuesday as investors digested President Donald Trump’s latest tariff announcements and a new implementation timeline. As of 09:35 ET, the Dow Jones Industrial Average was down 80 points, or 0.2%, while the S&P 500 hovered near flat. The tech-heavy NASDAQ Composite rose 40 points, or 0.2%. Tariffs Announced, Deadline Extended…
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SoFi Expands into Private Markets, Stock Gains 7.4%
SoFi Technologies Inc. (NASDAQ:SOFI) surged 7.4% Tuesday after announcing new private market fund offerings through partnerships with Cashmere, Fundrise, and Liberty Street Advisors. This expansion significantly broadens access for SoFi’s 10.9 million members to high-growth private companies such as OpenAI, SpaceX, and Epic Games, with minimum investments starting at just $10. The new partners bring…
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McKesson Stock Hits Record High at $737
McKesson Corporation (NYSE:MCK) reached a new all-time high, with its stock closing at $737.0. The healthcare giant now boasts a market capitalization of $92 billion, supported by a robust 25.31% increase in stock value over the past year and strong revenue growth of 16.22%. This milestone highlights investor confidence in McKesson’s strategic initiatives and its…