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Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
Gold is poised for its fourth consecutive weekly decline, weighed down by a strengthening dollar amid expectations of U.S. interest rate hikes. Investors are also closely watching the delicate U.S.-Iran peace agreement, which faced renewed concerns after an incident in the Strait of Hormuz. Despite some hope for moderating inflation, underlying pressures remain high, reinforcing…
Microsoft shares face near-term pressure from AI investment costs and Xbox price hikes, but analysts remain optimistic as Azure, Copilot, and AI leadership continue supporting the company’s long-term growth outlook.
Daniel Kahneman’s insight highlights how anchoring to purchase price distorts investment decisions. Investors often hold losing stocks and sell winners too early. The piece emphasises focusing on future returns, fundamentals and portfolio role rather than past prices, reinforcing that diversification naturally includes both winners and losers.
Micron’s record earnings and nearly $100 billion backlog underscore AI-driven transformation in memory markets. Strong HBM demand, disciplined supply, and improving profitability signal sustained growth despite potential industry and geopolitical risks.
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US Federal Reserve is expected to hold rates steady at its July meeting despite inflation hitting a three-year high. Markets see a possible pause now, but still price in a higher chance of a rate hike in September as core inflation remains elevated.
Global chip stocks experienced a significant rally on Thursday, fueled by Micron Technology’s stellar financial results and optimistic outlook. The company’s strong performance and forecast for robust demand, particularly in AI-driven sectors, have boosted investor confidence. This surge has positively impacted major players across the US, Europe, and Asia, signaling a sustained boom in the…
Chicago Fed President Austan Goolsbee said the latest US inflation data shows some improvement in services inflation, but underlying price pressures remain elevated. He stressed inflation is still the main concern over labour market strength. He reiterated data dependence on policy decisions, highlighting tariffs and energy costs as temporary inflation drivers.
Indian markets are set for a positive opening as US futures surged, led by a 2.24% jump in the Nasdaq. Memory chip giants Micron and Qualcomm’s strong forecasts for AI demand have reignited optimism, with both stocks soaring in pre-market trading. Investors are keenly awaiting US inflation data later today, hoping it supports the current…
South Korea will launch 24-hour trading in the won from July 6 to boost global investor access and improve market appeal. The reform is expected to enhance liquidity and efficiency but raises concerns over volatility during low-liquidity hours, even as strong equity inflows and overseas investments continue to pressure the currency.