TheCryptagon
Markets Today: PPI Data Looms, Oracle Backlog Jumps, Novo Nordisk Cuts...
U.S. stock futures traded mixed on Wednesday as investors awaited fresh inflation data and reacted to earnings and corporate announcements. Economists expect the producer...
TSMC Reports 34% Jump in August Sales on Strong AI Chip...
Taiwan Semiconductor Manufacturing Corp (TSMC) (NYSE: TSM) reported on Wednesday that its August sales surged nearly 34%, driven by strong demand for AI chips....
Barclays Lifts S&P 500 Outlook on AI-Driven Earnings Growth
Barclays has raised its S&P 500 earnings and price targets for 2025 and 2026, pointing to stronger-than-expected results in the first half of the...
Gold Prices Stay Near All-Time Peaks Amid Rising Fed Cut Bets
Gold prices advanced in Asian trade on Wednesday, staying just below record highs hit in the prior session. Strong expectations of a Federal Reserve...
Oil Markets Gain Following Israeli Attack on Qatar, Trump Targets Russia...
Oil prices moved higher on Wednesday after Israel targeted Hamas leadership in Qatar and U.S. President Donald Trump urged Europe to impose tariffs on...
Asian Currencies Steady as Markets Eye U.S. Rate Cut; Yuan Pressured...
Most Asian currencies traded in a narrow range on Wednesday, while the dollar also steadied. Traders focused on rising expectations of U.S. interest rate...
ExxonMobil Expects EU to Commit to Long-Term U.S. Gas Contracts –...
ExxonMobil expects the European Union to sign multi-decade contracts for U.S. natural gas, according to a report published by the Financial Times on Wednesday....
Inditex Shares Rise as Zara Owner Sees Strong Autumn Sales Start
Inditex, the world’s largest listed fast-fashion retailer and owner of Zara, reported a stronger start to its autumn sales on Wednesday. The company’s performance...
Meta, TikTok Win Legal Backing as EU Court Rejects Tech Fee...
Europe’s second-highest court has ruled in favor of Meta Platforms and TikTok, supporting their challenges against a supervisory fee imposed by the European Union....
European Stocks Gain as Inditex Drives Retail Sector, Novo Nordisk Outperforms
European stocks moved higher on Wednesday, supported by strong gains in retailers and healthcare. Spanish fashion giant Inditex surged after posting its second-quarter results,...
