Gold remained under pressure on Thursday as resilient US consumer spending and a continued rally in oil prices weighed on investor sentiment, offsetting support from softer inflation expectations and ongoing geopolitical tensions. The precious metal struggled to hold support at $4,000 an ounce, with investors reassessing the outlook for interest rates after the latest US
Chinese artificial intelligence start-up DeepSeek has begun discussions with investors for a new fundraising round that could value the company at around $70 billion on a pre-investment basis. The move comes shortly after the company completed its first external financing round, highlighting continued investor interest in the AI firm. The planned fundraising follows DeepSeek’s recently
US stock futures edged higher on Wednesday as investors weighed a blockbuster takeover approach for PayPal against fresh inflation data and another test of corporate earnings. Dow futures were up 15 points, S&P 500 futures gained 0.1%, while Nasdaq-100 futures advanced 0.4%. The gains followed a strong start to bank earnings and a softer-than-expected consumer-price
Netflix will report its second-quarter earnings on Thursday, with investors looking for signs that the streaming giant can reignite growth after its shares fell about 20% this year. While Netflix has consistently outperformed expectations over the past few years, concerns over slowing engagement, moderating subscriber growth, and increasing competition have weighed on investor sentiment. The
London’s FTSE 100 slipped on Wednesday as investors remained cautious over escalating tensions in the Middle East. Losses in precious metals miners outweighed gains in energy stocks, which benefited from a rise in oil prices. The blue-chip FTSE 100 index had fallen 0.1% to 10,515.73 points. The midcap FTSE 250 index also edged lower, declining
Pepperstone, a leading CFD broker, today announced the expansion of its Perpetual CFD offering as financial markets increasingly move toward continuous trading. The rollout extends perpetual market access beyond digital assets, reflecting a broader shift underway across global finance, where investors are demanding markets that operate around the clock rather than within traditional exchange hours.
Morgan Stanley has identified three stocks that could outperform as the second-quarter earnings season gets underway. The Wall Street bank highlighted GE Vernova (NYSE: GEV), Lam Research (NASDAQ: LRCX), and United Airlines (NASDAQ: UAL) among its top picks, citing expectations that they will deliver strong quarterly earnings. GE Vernova GE Vernova stock has done well
BlackRock (BLK) shares climbed in premarket trading on Wednesday after the world’s largest asset manager reported second-quarter earnings, revenue and assets under management that exceeded Wall Street expectations. The company reported adjusted net income of $2.3 billion for the quarter, up 22% from a year earlier, while assets under management (AUM) rose 22% year over
Lucid Group stock is attempting to rebound today, July 15, after plunging more than 40% in the previous session. LCID rose by about 2% in premarket trading to $4.73, recovering modestly from its lowest level of the week. Lucid Group stock rises after denying it’s going bankrupt or private LCID stock crawled back after a
US wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in energy costs. Data released by the Bureau of Labor Statistics on Wednesday showed the producer price index (PPI), which measures prices received by producers for